Gujarat Fluorochemicals (FLUOROCH IN) – Q2FY27 Result Update – Fluorochemicals Drive Growth – HOLD
Published on 03 Nov 2026
We believe Fluoropolymers will remain the primary growth driver, supported by multiple PVDF and PTFE grades at advanced stages of customer qualification for both wet and next-generation dry electrode applications. Meanwhile, Battery Chemicals may take longer than expected to make a meaningful contribution to the topline, with only LiPF6 expected to be the key contributor in FY27. The stock is currently trading at 43x FY29E EPS. We value the company at 48x’Sep28 EPS, arriving at a target price of Rs4,548. We maintain our HOLD rating.
