Gujarat's fluoropolymers industry is thriving. Fluorinated Chemicals and ICICI Securities

Net profit CAGR of 41% over FY22-24E at Gujarat Fluorochemicals (GFL) and healthy return ratios (post-tax ROCE of 21% and ROE of 25.6% in FY24E) are attractive features. While there are many applications for fluorine chemistry, ICICI Securities sees the fluoropolymers industry as particularly pro...