Gujarat Fluorochemicals Limited – Investor Presentation Summary

Key Operational Highlights

  • Chemical segment revenue for Q1FY27 stood at Rs. 1,574 crore, up by 23% on a YoY basis.
  • Chemical segment EBITDA for Q1FY27 stood at Rs. 458 crore, up by 29% on a YoY basis, largely driven by R32 and Fluoropolymers.
  • Working capital days reduced by 43 days to 149 days from 192 days in March 2026.
  • Key drivers of operational performance: R32 sales, healthy growth across other refrigerant products, and operational efficiencies.

Segment-wise Performance

Chemical Segment Performance (Rs. In Cr):

  • Revenue: Q1FY27: 1,574 | Q1FY26: 1,281 | YoY: 23%
  • EBITDA: Q1FY27: 458 | Q1FY26: 354 | YoY: 29%
  • EBITDA Margin: Q1FY27: 29% | Q1FY26: 28% | Change: 146 bps
  • PAT: Q1FY27: 261 | Q1FY26: 196 | YoY: 33%
  • PAT Margin: Q1FY27: 17% | Q1FY26: 15% | Change: 128 bps

Battery Materials Segment Performance (Rs. In Cr):

  • Revenue: Q1FY27: 14 | Q1FY26: - | YoY: -
  • EBITDA: Q1FY27: -30 | Q1FY26: -10 | YoY: -
  • PAT: Q1FY27: -42 | Q1FY26: -14 | YoY: -

Explanation of significant changes in segment performance: Growth in the chemical segment driven by strong R32 and fluoropolymer performance. Battery materials segment is in early commercialization phase.

Financial Highlights

Consolidated Financials (Rs. In Cr):

  • Revenue: Q1FY27: 1,588 | Q1FY26: 1,281 | YoY: 24%
  • EBITDA: Q1FY27: 428 | Q1FY26: 344 | YoY: 24%
  • EBITDA Margin: Q1FY27: 27% | Q1FY26: 27% | Change: 10 bps
  • PAT: Q1FY27: 219 | Q1FY26: 182 | YoY: 20%
  • PAT Margin: Q1FY27: 14% | Q1FY26: 14% | Change: -
  • ROCE: Improved by 258 bps to 16.63% in Q1FY27 from 14.05% in FY26.
  • ROE: Improved by 301 bps to 15.18% in Q1FY27 from 12.17% in FY26.

Drivers of financial performance: Higher revenue growth in chemical segment, operational efficiencies, and improved working capital management.

Key Risks: Not explicitly disclosed in the presentation.

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Balance Sheet Snapshot

  • Net Debt/Equity: Not Specified
  • Reserves: Not Specified
  • Current Assets/Liabilities: Not Specified
  • Working Capital/Leverage Metrics: Working capital days reduced to 149 days from 192 days in March 2026.
  • Financial Health Insights: Improved ROCE and ROE, reduced working capital days indicating enhanced efficiency.

Capex & Cash Flow Health

  • Capital Expenditure: Total Capex of Rs. 6000 Cr planned by FY28 for battery materials vertical.
  • Free Cash Flow: Not Specified
  • Operating Cash Flow: Not Specified
  • Net Debt Movement: Not Specified
  • Investment Rationale: Focus on battery materials capacity expansion, R32 capacity expansion, and expanding refrigerants portfolio with R134a.

Strategic & R&D Initiatives

  • Investments in Innovation: LiPF₆ capacity expansion, electrolyte qualification with Indian cell manufacturers, LFP and binders customer approvals, setting up NGAAM (Anode) facility.
  • Expected impact on growth: Battery materials vertical targeting 25%+ EBITDA margin and 2 times asset turnover by FY28.
  • Strategic Rationale: Expanding into high-growth EV/ESS battery materials market, leveraging integrated manufacturing facility at Jolva, Gujarat.

Industry Trends & Business Environment

  • Macro/Industry Trends: Global addressable market for Li-ion cell demand expected to grow multi-fold by CY30, driven by EVs, ESS, battery manufacturing localization and supply chain de-risking. Supply-chain localization remains a key tailwind.
  • Impact on Company: Positions GFCL EV to capture significant value share in global battery materials industry as customers prioritize supply security and diversified sourcing.

Management Commentary & Growth Outlook

  • Strategic Outlook: Refrigerants demand and pricing remain stable in near term. R32 capacity expansion underway to further drive margins and profitability. Expanding refrigerants portfolio with R134a.
  • FY Guidance: Not explicitly provided, but battery materials vertical targets 25%+ EBITDA margin and 2 times asset turnover by FY28.
  • Market Share Targets: Vision to be global leader in battery materials garnering largest share of EV/ESS battery wallet.
  • Risks and Opportunities: Not explicitly highlighted beyond forward-looking statement disclaimer.

ESG Updates

  • S&P Global Corporate Sustainability Assessment (CSA) score rose to 69 from 44 last year (out of 100), placing company in 95th percentile.
  • CSRHub ESG score: 73.
  • EcoVadis rating: Bronze category (top 35% of companies) with score of 66/100 and 71st percentile ranking.
  • Recognized as Industry Mover and Yearbook Member at 2026 S&P Global Sustainability Yearbook Distinction Ceremony.
  • Indian Chamber of Commerce (ICC) Environmental Excellence Awards: Dahej A (Champion), Ranjitnagar (Platinum), Dahej B (Gold).