Gujarat Fluorochemicals (FLUOROCH IN) – Q3FY26 Result Update – Fluorochemicals drags performance – HOLD
Published on 12 Feb 2026
With US tariff issues now resolved, the Fluoropolymers business is expected to lead overall growth. However, the Battery Chemicals business may take longer than anticipated to make a meaningful contribution to the topline; LiPF₆ is expected to be the only key contributor in FY27. The stock is currently trading at 40x FY28E EPS. We value the stock at 45x Dec’27E EPS, with TP of Rs3,434, and maintain ‘HOLD’ rating.
