Reduce Gujarat Fluorochemicals, target price Rs 3342: Prabhudas Lilladher

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 June 24, 2024

Promoters held 63.81 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.82 per cent, DIIs 7.67 per cent.

Prabhudas Lilladher has reduce call on Gujarat Fluorochemicals with a target price of Rs 3342. The current market price of Gujarat Fluorochemicals Ltd. is Rs 3550.45.

Gujarat Fluorochemicals Ltd., incorporated in the year 2018, is a Mid Cap company (having a market cap of Rs 38909.97 Crore) operating in Chemicals sector.

Gujarat Fluorochemicals Ltd. key Products/Revenue Segments include Other Products, Caustic Soda, Gases Refrigerant, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 960.29 Crore, down -21.53 % from last quarter Total Income of Rs 1223.82 Crore and down -35.36 % from last year same quarter Total Income of Rs 1485.59 Crore. Company reported net profit after tax of Rs 52.74 Crore in latest quarter.

Promoter/FII Holdings

Promoters held 63.81 per cent stake in the company as of 30-Sep-2023, while FIIs owned 4.82 per cent, DIIs 7.67 per cent.

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