Gujarat Fluoro Chemicals Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 2, 2021

ICICI Securities has set a price target of Rs 3086 for Gujarat Fluorochemicals.

In its Research Report dated December 1, 2021, ICICI Securities Gujarat Fluorochemicals suggested a BUY rating on the company with a target price of Rs 3086.

With a BUY rating and a target price of Rs 3,086 on Gujarat Fluorochemicals (GFL), we begin our coverage (50 percent above CMP). With its position in fluoropolymers, GFL is in a good place, as demand is driven by the new era verticals of batteries, solar panels, and green hydrogen. GFL is developing its fluoropolymer capabilities, so we’ll keep an eye on what happens over our projection period (FY21-FY24E).

GFL is also diversifying into additional fluorine compounds utilised in the new age sector, broadening the company’s potential market and indicating continuing growth. GFL has laid up a Rs 25 billion capital strategy for the next three years. Over FY2011-FY24E, profits are predicted to expand at a CAGR of 45.9% (on a reduced basis), while ROCE (post-tax) is expected to increase from 6.7 percent to 18 percent.

Outlook

Despite the positive earnings expectation, GFL has a P/E multiplier of 20x for FY24, compared to 42.1x for Naveen Fluorine and 27.5x for SRF.

Moneycontrol.com is the source for this information.


15 NOVEMBER 2021

KR Choksey’s Gujarat Fluorochemicals Share Price Target Is 2022; Accumulate For Rs 2346

KR Choksey suggested a cumulative rating on Gujarat Fluorochemicals with a target price of Rs 2346 in his research report dated November 12, 2021.

GFL recorded sales of INR 9,640 Mn in Q2FY22, up 56.16 percent year over year and 5.71 percent quarter over quarter. Higher realisations and volume increase were the primary drivers of such good success. In terms of operations, EBITDA in Q2FY22 was INR 2,955 Mn, growing 88.22% year over year and 15.84% quarter over quarter. In Q2FY22, the EBITDA margin rose by 522 basis points year over year and 268 basis points quarter over quarter to 30.65%.

Lower raw material prices, as well as electricity and gasoline expenses, boosted margins. NPM was 21.26 percent (+844 bps YoY / +467 bps QoQ), with net profit of INR 2,049 Mn (+159.04 percent YoY / +35.52 percent QoQ). During the quarter, the firm was able to achieve greater profits thanks to lower borrowing expenses. EPS for the quarter was 18.66, compared to 7.21 in the prior year’s quarter. In 1HY22, cash flow from activities more than quadrupled to Rs 4,678 from Rs 2,184 in 1HY21.

Outlook

We maintain our ‘ACCUMULATE’ recommendation and use a 36x P/E multiplier on FY24E results, resulting in a revised Target Price of INR 2,346 per share (old Target Price – INR 2,201).

Moneycontrol.com is the source for this information.


11 NOVEMBER 2021

September 2021: Gujarat Fluoro Share Q2 Results

Gujarat Fluoro Consolidated Net Sales in September 2021 were Rs 964.01 crore, increasing 56.16 percent from the previous year. Y-o-Y

In September 2021, net sales of Rs 964.01 crore were up 56.16 percent from Rs 617.31 crore in September 2020. Quarterly Net Profit Rs. 162.02% more than September 2021’s Rs 207.15 crore. In September 2020, the amount will be 79.06 crore.

EBITDA has increased by 73.77 percent since September 2021, when it was Rs 341.71 crore. In September 2020, the amount will be 196.64 crores. Gujarat Fluoro’s earnings per share (EPS) improved from Rs. 7.21 in September 2020 to Rs. 18.66 in September 2021.

Gujarat Fluoro Standalone Net Sales in September 2021 were Rs 952.05 crore, increasing 60.9 percent year by year.

Net sales have increased by 60.9 percent from September 2021, when they were Rs 952.05 crore. In September 2020, the amount will be $591.70 crore. Net profit for the quarter was Rs. 161.98 crore, up from Rs. 206.02 crore in September 2021. In September 2020, the figure will be Rs. 78.64 crore.

From Rs 333.66 crore in September 2021, EBITDA has increased to Rs 74.82 crore. In September 2020, the amount will be 190.86 crore. Gujarat Fluoro’s earnings per share (EPS) improved from Rs. 7.16 in September 2020 to Rs. 18.76 in September 2021.

Moneycontrol.com is the source for this information.


4 OCTOBER 2021

What should investors make of Gujarat Fluorochemicals’ current share price target?

Anand Rathi Shares & Stock Brokers’ Mehul Kothari

FluoroChem is in a secular uptrend, with higher highs/lows being formed at regular intervals throughout all time periods. On the daily chart, the stock is trading above all of its main exponential moving averages, confirming the counter’s strength.

So, based on the price action and analysis of the patterns, the stock appears to be a good investment. As a result, one can hold for the medium term while also purchasing new.

Moneycontrol.com is the source for this information.


09 MAY 2021

Gujarat Fluorochemicals Share Price Target; Next Week’s Stock Picks: Nifty may rise to 15,000 points.

Rajesh Palviya

Gujarat Fluorochemicals: Buy at Rs 850 | Stop Loss: Rs 820 | Target: Rs 885-920

The stock is on a solid uptrend, with a sequence of higher top and higher bottom formations indicating that the trend will continue. The increasing loudness on each of the breakout signals increased the number of people who participated. The stock is trading above its 20, 50, and 100-day simple moving averages, indicating that it is poised for more gains. The RSI strength indicator is strong on a daily and weekly basis, with a positive crossing, supporting additional optimistic feelings.

Moneycontrol.com is the source for this information.


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