# FLUOROCHEM (FLUOROCHEM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/fluorochem

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,586.7
- Change: +2.57%
- As of: 2026-09-18
- 1D return: +2.57%
- 5D return: -4.17%
- 1M return: -2.05%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, FLUOROCHEM is trading at ₹4586.7, exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a weakening trend, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), despite being above the 50-day SMA and 200-day SMA. The daily Supertrend indicator remains bullish, however, the slope of the 20-day EMA is negative. In contrast, weekly and monthly timeframes show stronger bullish alignment, with prices above key moving averages and Supertrend indicators. The stock has formed an Inside Bar pattern on the monthly chart, indicating potential consolidation. Recent market activity shows a higher number of positive attention events (3) compared to neutral (1) and downside events (0) over the last 30 days.

The stock is currently positioned near its nearest support level at ₹4581.6, which is approximately 0.11% below the current price. Key resistance is observed at ₹4651.1, about 1.4% higher. The annualized volatility stands at 31%, with a current drawdown of -4%. The Average True Range (ATR) as a percentage of the price is 3.52%.

Key watch conditions include monitoring the price action around the ₹4581.6 support level. A break below this could signal further weakness. Conversely, a sustained move above the nearest resistance at ₹4651.1, especially with increasing volume, would be a constructive signal, potentially reinforcing the bullish trends seen on longer timeframes.

- Current price on September 18, 2026: ₹4586.7.
- Nearest support level: ₹4581.6 (approx. 0.11% below current price).
- Nearest resistance level: ₹4651.1 (approx. 1.4% above current price).
- Monthly chart shows an active Inside Bar pattern.
- Annualized volatility is 31%; current drawdown is -4%.

- Inside Bar
- Bearish Engulfing Reversal
- Evening Star
- Outside Bar
- Harami

### News Context

Gujarat Fluorochemicals was noted in market reports on September 16, 2026, as one of the companies with a dividend record date set for September 17, 2026. This means investors needed to hold shares by the close of trading on September 16 to be eligible for the dividend payout. The news highlighted this as a potential factor driving investor interest in the stock, alongside other companies like Excel Industries and Asian Energy Services.

- Gujarat Fluorochemicals had a dividend record date on September 17, 2026, as reported on September 16, 2026.
- The dividend record date was identified as a factor attracting investor attention to the stock.

- IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17
- Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list

### What Changed

Gujarat Fluorochemicals (FLUOROCHEM) traded on the NSE saw its price increase to ₹4586.7 on September 18, 2026, from ₹4471.8 on the previous trading day. The provided evidence does not contain details on any new filings or news releases that could explain this movement, nor does it offer insights into the weekly trend for the stock. Therefore, the recent price change is observed in isolation.

- On September 18, 2026, FLUOROCHEM's price was ₹4586.7.
- The previous day's price for FLUOROCHEM on September 17, 2026, was ₹4471.8.
- No new filings or news developments were reported for Gujarat Fluorochemicals as of September 18, 2026.

### Official Filings

Gujarat Fluorochemicals Limited has announced its Eighth Annual General Meeting (AGM) scheduled for September 24, 2026. At this meeting, shareholders will vote on the proposed final dividend of ₹3.00 per equity share for the financial year ended March 31, 2026. The record date for determining eligibility for this dividend is September 17, 2026. The company also plans to seek approval for the re-appointment of key management personnel, including Dr. Bir Kapoor as Deputy Managing Director for three years and Mr. Niraj Kishore Agnihotri and Mr. Jignesh Kantilal Parmar as Whole-time Directors for one-year terms. Additionally, the remuneration for the cost auditor for the fiscal year ended March 31, 2026, is set for ratification. In terms of operational updates, the company reported consolidated revenue from operations of ₹5,126.27 crore for the fiscal year ended March 31, 2026, an increase from ₹4,853.18 crore in the previous year, with a profit for the year of ₹591.27 crore. The debt-equity ratio decreased due to an increase in net worth. Management also indicated that the R32 refrigerant capacity expansion is expected to be commissioned in Q2 FY27, and the R134A project remains on track for commissioning within the current financial year. However, a previously planned USD 216 million battery materials project in Oman has been put on hold, with capacities being relocated to India's Dahej site.

Separately, Gujarat Fluorochemicals Limited, along with other entities, has notified a special window for the transfer and dematerialization of physical securities purchased before April 1, 2019. This window will be open from February 5, 2026, to February 4, 2027. The company also announced management changes effective August 12, 2026, including the appointment of Jignesh Kantilal Parmar as director and the re-appointment of Bir Kapoor and Niraj Kishore Agnihotri. Executive Director Shesh Narayan Pandey resigned due to personal reasons.

- Eighth Annual General Meeting scheduled for September 24, 2026, to consider a final dividend of ₹3.00 per equity share for FY2025-26.
- Record date for dividend entitlement is September 17, 2026.
- Proposed re-appointments include Dr. Bir Kapoor as Deputy Managing Director (Nov 3, 2026 - Nov 2, 2029) and Mr. Niraj Kishore Agnihotri as Whole-time Director (Nov 11, 2026 - Nov 10, 2027).
- Consolidated revenue for FY2025-26 was ₹5,126.27 crore, with a profit of ₹591.27 crore.
- R32 refrigerant capacity expansion expected in Q2 FY27; R134A project on track.
- USD 216 million battery materials project in Oman put on hold, capacities relocated to Dahej, India.
- Special window for transfer/dematerialization of physical securities from February 5, 2026, to February 4, 2027.
- Management changes effective August 12, 2026, including appointment of Jignesh Kantilal Parmar and resignation of Executive Director Shesh Narayan Pandey.

- Gujarat Fluorochemicals Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Gujarat Fluorochemicals Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026. |SUBJECT: Record Date
- Gujarat Fluorochemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026 |SUBJECT: Shareholders meeting
- Gujarat Fluorochemicals Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 24-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Gujarat Fluorochemicals Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- AS ON DATE : 27-AUG-26
- Gujarat Fluorochemicals Limited has informed the Exchange aboutAdvertisement in newspapers for opening of another Special Window for Transferand Dematerialisation of Physical Securities |SUBJECT: General Updates
- Gujarat Fluorochemicals Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Gujarat Fluorochemicals Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- Gujarat Fluorochemicals Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Fundamentals

Gujarat Fluorochemicals' recent operating performance shows a mixed trajectory. For the quarter ending March 2026, the company reported Sales of ₹1,369 crore, an increase from ₹1,133 crore in March 2024. Operating Profit Margin (OPM) for the same period was 22.0%, down from 21.0% in March 2024 but projected to improve to 23.0% by March 2025 and 24.0% by March 2026. Net Profit for March 2026 is projected at ₹574 crore, a notable increase from ₹435 crore in March 2024, with Earnings Per Share (EPS) projected at ₹52.56 for March 2026, up from ₹39.59 in March 2024.

Financially, the company's borrowings increased to ₹2,096 crore in March 2024 from ₹1,515 crore in March 2023, with further increases projected to ₹2,721 crore by March 2026. This rise in debt is accompanied by a significant increase in Capital Work-in-Progress (CWIP), which grew from ₹1,158 crore in March 2023 to ₹1,128 crore in March 2024 and is projected to reach ₹1,900 crore by March 2026, indicating ongoing capital expenditure. Free Cash Flow has been negative in recent periods, with a projection of -₹335 crore for March 2025 and -₹292 crore for March 2026, suggesting that operating cash flow is not sufficient to cover investing activities.

Key monitoring areas include the company's ability to manage its increasing debt levels, the successful deployment of capital expenditure as indicated by the rising CWIP, and the improvement of free cash flow generation. The trend in Operating Profit Margin (OPM) and its translation into net profit will also be crucial to observe.

- Sales for the quarter ending March 2026 are projected at ₹1,369 crore, up from ₹1,133 crore in March 2024.
- Projected Net Profit for March 2026 is ₹574 crore, an increase from ₹435 crore in March 2024.
- Projected EPS for March 2026 is ₹52.56, compared to ₹39.59 in March 2024.
- Borrowings increased to ₹2,096 crore in March 2024 and are projected to reach ₹2,721 crore by March 2026.
- Capital Work-in-Progress (CWIP) stood at ₹1,128 crore in March 2024 and is projected to reach ₹1,900 crore by March 2026.
- Free Cash Flow was negative in March 2024 (-₹330 crore) and is projected to remain negative through March 2026.

### Bull Case

Gujarat Fluorochemicals (NSE) has demonstrated a compounded sales growth of 14% over the last five years, indicating sustained expansion in its top line. This growth is further supported by a 5-year compounded profit growth of 36%, suggesting an improving ability to translate sales into profits over the medium term. The company's balance sheet shows an increase in Fixed Assets from ₹2,305 crore in March 2019 to ₹2,414 crore in March 2020, alongside a rise in Capital Work-in-Progress (CWIP) from ₹229 crore to ₹318 crore over the same period, pointing towards ongoing investments in its asset base. Cash flow from operations has also shown strength, with CFO/OP increasing from 101.0 in March 2019 to 136.0 in March 2020. Furthermore, the company's technical indicators show a bullish trend on weekly and monthly timeframes, with the Supertrend indicator suggesting a positive direction.

- Compounded sales growth of 14% over 5 years.
- Compounded profit growth of 36% over 5 years.
- Increase in Fixed Assets from ₹2,305 crore (Mar 2019) to ₹2,414 crore (Mar 2020) and CWIP from ₹229 crore to ₹318 crore.
- CFO/OP increased from 101.0 (Mar 2019) to 136.0 (Mar 2020).
- Bullish Supertrend direction observed on weekly and monthly timeframes.

- IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17
- Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list

### Bear Case

Gujarat Fluorochemicals' balance sheet shows a significant increase in borrowings between March 2019 (₹968 crore) and March 2020 (₹1718 crore). Concurrently, cash flow from operating activities decreased from ₹782 crore in the year ended March 2019 to ₹546 crore in the year ended March 2020. This period also saw a shift from positive free cash flow of ₹276 crore in March 2019 to a negative free cash flow of -₹650 crore in March 2020. The company's investments also declined from ₹342 crore in March 2019 to ₹259 crore in March 2020, while other assets increased substantially from ₹2042 crore to ₹3076 crore over the same period.

- Borrowings increased by approximately 77.5% from ₹968 crore in March 2019 to ₹1718 crore in March 2020.
- Cash flow from operating activities decreased by approximately 30.4% from ₹782 crore in the year ended March 2019 to ₹546 crore in the year ended March 2020.
- Free cash flow turned negative, decreasing from ₹276 crore in the year ended March 2019 to -₹650 crore in the year ended March 2020.
- Investments decreased by approximately 24.3% from ₹342 crore in March 2019 to ₹259 crore in March 2020.

- IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17
- Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list

### FAQs

**What was Gujarat Fluorochemicals' financial performance in the fiscal year ending March 2020 compared to March 2019?**

For the fiscal year ending March 2020, Gujarat Fluorochemicals reported total assets of ₹6,067 crore, an increase from ₹4,919 crore in March 2019. Total liabilities also rose to ₹6,067 crore from ₹4,919 crore over the same period. Borrowings significantly increased to ₹1,718 crore in March 2020, up from ₹968 crore in March 2019. Cash flow from operating activities decreased to ₹546 crore in March 2020, compared to ₹782 crore in March 2019. Consequently, free cash flow turned negative at -₹650 crore in March 2020, a shift from ₹276 crore in March 2019. The company's reserves grew to ₹3,705 crore in March 2020 from ₹3,499 crore in March 2019.

**What recent corporate actions has Gujarat Fluorochemicals announced?**

Gujarat Fluorochemicals has announced its Eighth Annual General Meeting (AGM) to be held on September 24, 2026. Key agenda items include the adoption of financial statements for the year ended March 31, 2026, and shareholder approval for a final dividend of ₹3.00 per equity share. The company also plans to seek approval for the re-appointment of Dr. Bir Kapoor as Deputy Managing Director and Mr. Niraj Kishore Agnihotri as Whole-time Director, along with the appointment of Mr. Jignesh Kantilal Parmar as a Whole-time Director. The record date for determining shareholder eligibility for this final dividend has been set as September 17, 2026.

**What is the current technical trend and key price levels for Gujarat Fluorochemicals?**

As of September 18, 2026, Gujarat Fluorochemicals is trading at ₹4,586.7. Technical indicators suggest a bullish trend on both daily and monthly timeframes, with the Supertrend indicator showing 'bullish' on both. The stock has shown positive returns over various periods, including a 25% year-to-date return and a 46% return over the last six months. Key support levels are identified around ₹4,581.6 and ₹4,555.3, while resistance levels are noted near ₹4,651.1 and ₹4,691.4.

- IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17
- Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list
- Gujarat Fluorochemicals Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Gujarat Fluorochemicals Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026. |SUBJECT: Record Date
- Gujarat Fluorochemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026 |SUBJECT: Shareholders meeting
- Gujarat Fluorochemicals Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 24-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Gujarat Fluorochemicals Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹4,507.1
- Risk regime: Price Risk Currently Contained

### Support levels
- 4555.3
- 4461.1
- 4373.200000000001

### Resistance levels
- 4651.1
- 4839.95
- 4923.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.57% |
| return_10 | -2.30% |
| return_1m | -1.88% |
| return_1y | +23.51% |
| return_20 | -2.05% |
| return_3m | +19.52% |
| return_5 | -4.17% |
| return_6m | +45.94% |
| return_since_start | +8.67% |
| return_ytd | +24.81% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -29.59% |
| annualized_volatility | +30.87% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Revenue Growth Outpaces Profitability in Final Quarter Amid Rising Tax Burden

Fluorochem recorded its highest quarterly revenue in the last five quarters, rebounding from a mid-year slowdown. The top-line gain, however, did not translate into proportional earnings growth. While pre-tax profit improved from the immediately preceding quarter, it remained well below the year-ago level. A sharp rise in the tax charge compressed net profit, widening the gap between revenue performance and returns to owners.

## Revenue Rebounds to a Five-Quarter High

Revenue from Operations reached ₹1,369 crore in the quarter ended 31 March 2026, an 11.76% increase over ₹1,225 crore in the corresponding quarter of the prior year. The result represented a strong sequential recovery: after declining across the first three quarters of FY2025‑26—from ₹1,281 crore in Q1 to ₹1,136 crore in Q3—the final quarter delivered a 20.51% increase over the immediately preceding quarter. The latest quarter’s revenue was the highest among the five quarters for which data are available, indicating that the mid-year contraction gave way to significantly higher activity in the final months of the fiscal year.

## Profitability Squeezed by Tax Surge

Pre-tax and post-tax earnings diverged markedly. Profit Before Tax stood at ₹172 crore, a sequential improvement of 20.28% from ₹143 crore in the third quarter, but a 20.74% decline compared with ₹217 crore in the prior-year period. The divergence widened at the net profit level. Profit for the period fell to ₹109 crore, a drop of 42.93% from ₹191 crore a year earlier.

The compression was driven by a jump in tax expense. The tax charge rose to ₹62 crore from ₹26 crore in the prior-year quarter, an increase of 138.46%. As a result, the effective tax rate on pre-tax profit moved from approximately 12% to 36%. Consequently, while pre-tax earnings recovered sequentially, the higher tax burden absorbed a much larger share of profit, limiting the benefit of the revenue rebound for the bottom line.

## Finance Costs Continue to Climb

Finance costs reached ₹42 crore in the quarter, up 61.54% from ₹26 crore in the same quarter last year. The figure ended a year in which finance costs rose steadily: ₹30 crore in Q1, ₹33 crore in each of Q2 and Q3, and then ₹42 crore in Q4. At roughly 3% of revenue, these costs are relatively contained, but the steep increase late in the year, taken together with the higher tax expense, reduced the earnings available after financing obligations.

## Segment Profit and One-Time Items

Segment Profit Before Tax was ₹174 crore, closely tracking the total Profit Before Tax of ₹172 crore. The narrow ₹2 crore difference indicates that unallocated corporate costs or other reconciling items had a negligible effect on the consolidated result. Exceptional Items Before Tax amounted to a charge of ₹3 crore, a notable reduction from the ₹17 crore charge recorded in the third quarter, signaling a return to a more typical level of one-time accounting impacts.

## Comprehensive Income Gets an OCI Lift, but Still Trails Prior Year

Comprehensive Income for the period was ₹133 crore, down 31.79% from ₹195 crore in the prior year. While the decline was primarily driven by the fall in profit for the period, Other Comprehensive Income provided a partial offset. OCI rose to ₹24 crore from ₹4 crore a year ago, a fivefold increase. The swing in OCI cushioned the overall decline in comprehensive income, but the sharp drop in operating profit kept the comprehensive result well below the prior-year level.

## Key Takeaway

The quarter highlighted a clear disconnect between sales and retained earnings. Revenue rebounded to its highest point in the last five quarters, signaling a recovery in business activity. Yet the financial outcome was heavily constrained by a steep rise in tax expenses and, to a lesser extent, by climbing finance costs. While the top line has stabilised and grown, the bottom line efficiency weakened considerably compared with the same period last year. The tax burden emerged as the main factor turning revenue gains into a much smaller net profit.

### Ratios

## Official filings

- 2026-08-28 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_28082026145358_GFCL_Eighth_AGM_Newspaper_Advertisement.pdf)
- 2026-08-27 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_27082026183733_GFCL_Intimation_of_Record_Date_Final_Dividend.pdf)
- 2026-08-27 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_27082026183449_GFCL_Submission_of_Notice_of_AGM.pdf)
- 2026-08-27 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_17611_WebXMLFile_20260827_183422063.xml)
- 2026-08-26 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_26082026174025_GFCL_Intimation_of_participation_in_Investor_Conferences_26082026.pdf)
- 2026-08-26 — Annual Report: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30736_FLUOROCHEM_2025_2026_A_20597566_27082026184348.pdf)
- 2026-08-25 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_25082026165236_GFCL_Intimation_of_newspaper_advertisement_Specialwindow.pdf)
- 2026-08-19 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_19082026150741_GFCL_Trancript_of_ConCall_19August2026.pdf)
- 2026-08-14 — Management Change: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_ROID_96442_KMP_Doc.zip)
- 2026-08-14 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17611_WebXMLFile_20260814_124350623.xml)
- 2026-08-12 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_12082026190555_GFCL_Audio_Recording_Concall_12August2026.pdf)
- 2026-08-12 — Earnings Presentation: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_12082026150128_GFCL_Investor_Presentation_12August2026.pdf)
- 2026-08-12 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_12082026154817_GFCL_Intimation_of_conference_call_12August2026.pdf)
- 2026-08-12 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_12082026134021_GFCL_Financial_Results_12August2026.pdf)
- 2026-08-12 — Generic Announcement: Gujarat Fluorochemicals Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_12082026134558_GFCL_Outcome_of_BM_12August2026.pdf)
- 2026-08-06 — Generic Announcement: Gujarat Fluorochemicals Limited will hold a conference call with analysts and institutional investors on Wednesday, August 12, 2026, at 17:00 IST to discuss its 1QFY27 financial performance. An investor presentation on the financial results for the quarter ended June 30, 2026, will be submitted on the same day after the Board Meeting. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_06082026182251_GFCL_ntimation_of_conference_call_6August2026.pdf)
- 2026-08-04 — Official Filing: Gujarat Fluorochemicals Limited will hold a board meeting on August 12, 2026, to consider unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to August 14, 2026.
- 2026-07-13 — Generic Announcement: Gujarat Fluorochemicals Limited (GFCL) will host analysts and investors at its subsidiary GFCL EV Products Limited's Battery Chemicals Plant in Jolva, Dahej, Gujarat on July 16th and 17th, 2026. No unpublished price sensitive information will be disclosed during this visit. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_13072026120729_GFCLIntimationofGFCLEVsPlantVisit13July2026.pdf)
- 2026-07-10 — Generic Announcement: Gujarat Fluorochemicals Limited (GFCL) received No Objection Letters from BSE Limited and National Stock Exchange of India Limited on July 9, 2026, regarding a Composite Scheme of Arrangement involving Inox Leasing and Finance Limited and Inox Holdings and Investments Limited. The letters confirm compliance with SEBI regulations for the scheme, which is valid for six months for filing with the NCLT. The scheme involves the transfer of mutual fund distribution and brokerage income activities from Inox Leasing and Finance Limited to Inox Holdings and Investments Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_10072026124249_GFCL_Intimation_for_NOC_for_Scheme_of_Arrangement_10July2026.pdf)
- 2026-07-06 — Generic Announcement: Gujarat Fluorochemicals Limited submitted a Confirmation Certificate for the quarter ended June 30, 2026, as per Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirmed that securities received for dematerialisation during the quarter were processed, confirmed, and listed on stock exchanges, with cancelled certificates replaced by depository names in the register of members within the stipulated timelines. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_06072026132454_Compliance_Certificate.pdf)
- 2026-06-29 — Press Release: Gujarat Fluorochemicals Limited (GFL) announced its strategic intent to expand refrigerant capacity, including the addition of R134A, to fully utilize its entitlement under the Montreal Protocol and Kigali Amendment. This expansion aims to strengthen GFL's refrigerant portfolio and meet growing global demand. The company has existing capacities for R32, R22, R125, and R410A. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_29062026123134_GFCL_Press_Release_Strategic_Expansion_of_Refrigerant_Capacity.pdf)
- 2026-06-26 — Generic Announcement: Gujarat Fluorochemicals Limited (GFCL) incorporated a wholly-owned subsidiary, GFCL Semiconductor and Advanced Materials Limited, on June 26, 2026, in India. The subsidiary will operate in specialty chemicals and semiconductor devices, with GFCL subscribing to equity shares valued at Rs. 1 Lakh for 100% ownership. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_26062026174158_Intimation.pdf)
- 2026-06-25 — Generic Announcement: Gujarat Fluorochemicals Limited will close its trading window from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ending June 30, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and will involve freezing the PAN of designated persons and their immediate relatives at the security level. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_25062026144730_GFCL_Trading_Window_Closure_30June2026.pdf)
- 2026-06-25 — Generic Announcement: Gujarat Fluorochemicals Limited announced a special one-year window from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical securities sold or purchased before April 1, 2019. This initiative, in line with SEBI circulars, aims to facilitate investors in accessing their securities, with transferred shares being mandatorily credited in demat mode and subject to a one-year lock-in period. Disputes between transferors and transferees, and securities transferred to the Investor Education and Protection Fund, are excluded from this window. — [Official attachment](https://nsearchives.nseindia.com/corporate/FLUOROCHEM_25062026145408_GFCL_Intimation_of_newspaper_advertisement_Special_window.pdf)
- 2026-06-19 — Shareholding Disclosure: Gujarat Fluorochemicals Limited promoters, including Devansh Trademart LLP, Aryavardhan Trading LLP, Vivek Kumar Jain, Devansh Jain, and Nandita Jain, declared encumbrances on equity shares during the Financial Year ended March 31, 2026. Devansh Trademart LLP created encumbrances on 2,075,684 shares out of 4,012,360 held, representing 1.89% of the company's total capital. Other promoter group members also made declarations regarding encumbrances. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_24042026171550_FLUOROCHEM.pdf)

## News and market events

- 2026-09-16 — BUSINESSTODAY: **IRCON International, MSTC, Sansera Engineering, Sunteck Realty among stocks to turn ex-dividend on September 17** — Excel Industries, Gujarat Fluorochemicals, IRCON International, Landmark Cars, MSTC, Sansera Engineering, Tamil Nadu Newsprint & Papers, Agarwal Industrial Corporation, Acutaas Chemicals, ex-dividend stocks, dividend stocks, September 17 ex-dividend, final dividend, dividend record date, highest dividend stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ircon-international-mstc-sansera-engineering-sunteck-realty-among-stocks-to-turn-ex-dividend-on-september-17-555895-2026-09-16)
- 2026-09-16 — Mint: **Dividend record date alert: Last chance to buy Asian Energy, Bharat Rasayan, IRCON, MSTC, and others | Full list** — Shares of companies like Excel Industries and Asian Energy Services are gaining investor interest ahead of their dividend record dates on September 17.  — [Source](https://www.livemint.com/market/stock-market-news/dividend-record-date-alert-last-chance-to-buy-asian-energy-bharat-rasayan-ircon-mstc-and-others-full-list-11789528768234.html)
- 2026-09-11 — Economic Times: **Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex plunges over 600 pts, Nifty tests 23,250; all sectors bleed - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: The Indian stock market slipped into the deep red on Friday, with benchmark indices Sensex and Nifty falling around 1% each as soaring crude oil prices, surging bond yields and other factors spooked investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-canara-bank-vodafone-idea-share-price-11-september-2026/liveblog/134039705.cms)
- 2026-09-11 — Economic Times: **Gujarat Fluorochemicals shares up 34% in 3 months: What’s driving the rally?** — The shares of Gujarat Fluorochemicals have experienced notable growth, driven by strong results from the June quarter. The company is gearing up for significant capital investments to broaden its reach in advanced fluoropolymers, strategically targeting booming markets like semiconductors and green hydrogen. Additionally, the shift towards battery materials is poised to act as a crucial source of growth, leading to enhanced earnings and returns in the near future. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/gujarat-fluorochemicals-shares-up-34-in-3-months-whats-driving-the-rally/articleshow/134037555.cms)
- 2026-08-14 — Mint: **Stock recommendations for 14 August from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 14 August. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-14-august-from-marketsmith-india-11786633692149.html)
- 2026-08-13 — Economic Times: **Ahead of Market: 10 things that will decide stock market action on Friday** — Sensex gained 114 points while Nifty fell over 40 points on expiry day, reflecting divergent benchmark moves. Softer inflation supported sentiment, but elevated crude prices and geopolitical risks kept investors cautious, with Nifty remaining rangebound between key technical levels. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ahead-of-market-10-things-that-will-decide-stock-market-action-on-friday/articleshow/133218209.cms)
- 2026-08-13 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty below 24,400; TVS Srichakra jumps 8% after results** — Sensex Today | Stock Market LIVE Updates: We are in the second half of this Sensex weekly expiry session, and the markets are under pressure again, as the Nifty index falls close to 50 points, falling below 24,350. The Nifty bank index is taking a heavier blow, down over 300 points. Grasim, Ultratech and Hindalco are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-expiry-today-nifty-50-msci-gcpl-lg-tata-motors-lenskart-laurus-adani-ashok-leyland-share-price-liveblog-19968111.htm)
- 2026-08-13 — CNBC-TV18: **Gujarat Fluorochemicals: Key concall takeaways and analyst views** — While core business segments (Fluoropolymers and Fluorochemicals) continue to show strong operational traction and high utilisation, long-term re-rating potential hinges on the execution and scaling of the Advanced Battery Materials segment in the next two years. — [Source](https://www.cnbctv18.com/market/stocks/gujarat-fluorochemicals-key-concall-takeaways-and-analyst-views-19968365.htm)
- 2026-08-12 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty 50 at 24,350; Grasim net profit up 51%** — Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened flat and continue to trade in the red. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-it-godrej-consumer-thyrocare-dr-agarwal-tenneco-blocks-hal-pi-ind-share-price-liveblog-19967084.htm)
- 2026-08-05 — BUSINESSTODAY: **Godfrey Phillips, HEG, Gujarat Fluoro: Top stocks to trade— Target price, stop loss & more** — Stocks to buy, Stock picks, Stocks to trade, trading views, HEG, Godfrey Phillips India, Gujarat Fluorochemicals, HEG shares, Godfrey Phillips shares, Gujarat Fluorochemicals shares, HEG share price, Godfrey Phillips share price, Gujarat Fluorochemicals share price, HEG stock price, Godfrey Phillips stock price, Gujarat Fluorochemicals stock price, HEG target price, Godfrey Phillips target price, Gujarat Fluorochemicals target price — [Source](https://www.businesstoday.in/markets/stocks/story/godfrey-phillips-heg-gujarat-fluoro-top-stocks-to-trade-target-price-stop-loss-more-547240-2026-08-05)
- 2026-07-21 — Mint: **Top Gainers & Losers on July 21: Karur Vysya Bank, TVS Motor, Zen Tech, Meesho, Thermax among top gainers today | Stock Market News** — The Indian stock market remained range-bound due to fragile investor sentiment amid West Asian tensions. Despite modest losses in benchmark indices, broader markets performed well, supported by select sectors. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-july-21-karur-vysya-bank-tvs-motor-zen-tech-meesho-thermax-among-top-gainers-today-11784625895681.html)

## Business profile

**Strategic vision:** Indian chemical company producing fluoropolymers, speciality chemicals, refrigerants, and industrial chemicals.

### Business segments
- **Fluoropolymers:** GFL produces a range of fluoropolymers including PTFE, PFA, FEP, FKM, and PVDF, along with additives and processing aids.
- **Speciality Chemicals:** The company manufactures fluorospeciality chemicals used in the agriculture and pharmaceutical industries.
- **Refrigerants:** GFL operates a refrigerant manufacturing unit producing various refrigerants under the REFRON brand.
- **Industrial Chemicals:** GFL produces industrial chemicals catering to end-use industries such as Pharma, Agrochemicals, and Plastics.

### Competitive strengths
- Expertise in Fluorine Chemistry
- Vertical integration from raw materials to finished products
- Strong research and development capabilities
- Global manufacturing and marketing network

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

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