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 promising due to its proximity to rapidly expanding sectors like batteries, solar panels, and green hydrogen. As the cost of their western counterparts r....