Gujarat Fluorochemicals Limited (GFL) shares hit record highs The stock rose nearly one per cent in Friday’s trading session, up 4,025 per cent on the BSE. The counter has been on an uptrend for the past few sessions and has gained over 8% in the last five trading sessions.
Gujarat Fluorochemicals Limited (GFL), headquartered in Noida, India, is a part of the InoxGFL Group, which comprises fluoropolymers, specialty chemicals, wind energy and renewables.
Gujarat Fluorochemicals Limited (GFL) is an Indian chemical company with more than 30 years of expertise in fluorine chemistry. GFL has domain expertise in Fluoropolymers, Fluorospecialties, Refrigerants and Chemicals. The specialty chemical stock has given multibagger returns of around 106% over a one-year period, while multibagger stock Up about 59% so far in 2022 (YTD).
“In line with our expansion plans, we are implementing a significant capex for battery chemicals, new fluoropolymers, PTFE, refrigerant gases, etc., for associated infrastructure,” the company said in its annual report for FY22. With a strong backward integrated model.”
“Our plan is to add efficiencies in high value niche as well as new age product segments that will drive growth and profitability. Backed by our strong supply chain and long-term contracts for sourcing raw materials, we have embarked on the next phase of strong growth and strengthened our leadership in the fluoropolymers space. We are also working towards being a part of the Electric Vehicles (EV) ecosystem, which will open new avenues of growth for us.”
Hosted by domestic brokerage and research firm ICICI Securities Gujarat Fluorochemicals (GFL) management for an investor meeting in Mumbai last week. In a note, the brokerage highlighted that the company is optimistic about the growing opportunity in fluoropolymers and battery chemicals over the next 5-10 years.
“After FY15, GFL expects significant opportunities from battery chemicals, for which it plans to commercialize the first plant in the next two quarters. GFL is well positioned to grow its revenues on the back of its significant performance for the new age industries of battery, solar and green hydrogen. It aspires to double the revenue over the next three years and maintain EBITDA margin at least at 30-35%,” the note said.
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