Anand Rathi has buy call on Gujarat Fluorochemicals Ltd. with a target price of Rs 2524. 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 22629.10 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 30-09-2021, the company reported a Consolidated Total Income of Rs 1010.12 Crore, up 7.66 % from last quarter Total Income of Rs 938.27 Crore and up 55.64 % from last year same quarter Total Income of Rs 649.02 Crore. Company reported net profit after tax of Rs 204.94 Crore in latest quarter.

Investment Rationale

The brokerage believes FLUOROCHEM has created a niche for itself in its fluoro-chemicals business and is better poised to explore markets for more value added products including in surise sectors like electric vehicles while continue to gain from its backwards integrated and persified businesses. It continues to remain positive on the stock with a BUY rating and a revised target price of ₹2,524 per share.

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.