Promoters held 67.65 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.37 per cent, DIIs 4.11 per cent.

RelatedBuy Rashtriya Chemicals & Fertilizers, target price Rs 145: Anand Rathi Stock recommendations: Buy Sobha, target price Rs 902: ICICI SecuritiesBuy Infosys, target price Rs 2230: HDFC Securities

ICICI Securities has buy call on Gujarat Fluorochemicals with a target price of Rs 3356. The current market price of Gujarat Fluorochemicals is Rs 2878. Time period given by analyst is one year when Gujarat Fluorochemicals Ltd. price can reach defined target.

Gujarat Fluorochemicals Ltd., incorporated in the year 2018, is a Mid Cap company (having a market cap of Rs 31362.18 Crore) operating in Chemicals sector.

Gujarat Fluorochemicals Ltd. key Products/Revenue Segments include Other Products, Gases Refrigerant, Caustic Soda, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1035.88 Crore, up 2.55 % from last quarter Total Income of Rs 1010.12 Crore and up 56.15 % from last year same quarter Total Income of Rs 663.40 Crore. Company reported net profit after tax of Rs 201.27 Crore in latest quarter.

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Buy Rashtriya Chemicals & Fertilizers, target price Rs 145: Anand Rathi

Stock recommendations: Buy Sobha, target price Rs 902: ICICI Securities

Buy Infosys, target price Rs 2230: HDFC Securities

Investment Rationale

Gujarat Fluorochemicals Ltd (GFCL) will likely benefit from rising demand / realisation for fluoropolymers. Company is backward-integrated for most products, which enables it to expand capacity faster than global peers. PTFE price increase is being reflected in export realisatons; PVDF and FKM product developments are moving in the right direction. Company also sees opportunities arising from supplying R-142B to global peers as part of China+1 strategy. GFCL started production of R-125 and R-142B in Q4FY22, and revenue booking should start from next quarter. The assessment suggests significant upside risk to the estimates. It maintains BUY; GFCL is among their top picks in the chemicals space.

Promoter/FII Holdings

Promoters held 67.65 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.37 per cent, DIIs 4.11 per cent.