ADVERTISEMENT

Gujarat Fluorochemicals — Expansion In Fluoropolymers; Battery Chemicals To Drive Growth: ICICI Securities

Gujarat Fluorochemicals is optimistic about rising opportunity in fluoropolymers and battery chemicals over next five-10 years.

<div class="paragraphs"><p>Gujarat Fluorochemicals Ltd.'s chemical plant in Gujarat. (Source: Company website)</p></div>
Gujarat Fluorochemicals Ltd.'s chemical plant in Gujarat. (Source: Company website)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

ICICI Securities Report

We hosted Gujarat Fluorochemicals Ltd.'s management for an investor meet in Mumbai. Company is optimistic about the rising opportunity in fluoropolymers and battery chemicals over next five-10 years.

It plans to expand capacity by seven times in fluoroelastomers, four times in polyvinylidene difluoride, and four times in perfluoroalkoxy over the next two years, which will significantly drive revenue growth in new fluoropolymers.

These are high-value products on which realisations currently are at $25-40/kg, and Ebitda margins are higher than the company average. Post FY25, Gujarat Fluorochemicals expects significant opportunities from battery chemicals for which it is planning to commercialise the first plant in next two quarters.

Gujarat Fluorochemicals is well placed to increase its revenues on the back of its significant exposure to new-age industries of battery, solar and green hydrogen. It aspires to double the revenue in next three years and maintain Ebitda margin at 30-35% at least.

Click on the attachment to read the full report:

ICICI Securities Gujarat Fluorochemicals Update.pdf

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.