# Chemicals - Flourine — company-by-company sector analysis

> Chemicals - Flourine: SRF Ltd owns the largest revenue base; Navin Fluorine International Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Chemicals - Flourine has outperformed NIFTY 500 by 25.2% over 52 weeks and 18.4% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself. SRF Ltd leads with revenue of ₹17,001 crore, based on 4 of 4 comparable companies through Jun 2026.

### Is the Chemicals - Flourine sector outperforming NIFTY 500?

Chemicals - Flourine has outperformed NIFTY 500 by 25.2% over 52 weeks and 18.4% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 2 of 3 beat the sector itself.

### Which Chemicals - Flourine company is largest by revenue?

SRF Ltd leads with revenue of ₹17,001 crore, based on 4 of 4 comparable companies through Jun 2026.

### Which Chemicals - Flourine company is growing fastest?

Navin Fluorine International Ltd has the fastest current revenue growth at 41%, across 3 of 4 comparable companies.

### Which Chemicals - Flourine company has the strongest 4-Factor Sector Score?

Navin Fluorine International Ltd ranks first at 80.1/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Chemicals - Flourine company has the least gross debt?

Wadala Commodities Ltd(Merged) has the lowest comparable gross debt at ₹5 crore. SRF Ltd has the highest at ₹5,083 crore.

### Which Chemicals - Flourine company has the lowest comparable PEG?

SRF Ltd has the lowest comparable Guarded PEG at 0.81, among 3 of 4 companies that pass the metric’s comparability rules.

### How much history does this Chemicals - Flourine comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Chemicals - Flourine has outperformed NIFTY 500 by 25.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 18.4%. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Gujarat Fluorochemicals Ltd is the strongest against the sector itself at +8.9%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: 18%
52-week sector return versus NIFTY 500: 25%
Stocks leading NIFTY: 2/3
Stocks leading sector: 2/3

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹1.7 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Navin Fluorine International Ltd (NAVINFLUOR): 80/100 — Sector-leading setup; evidence 93%
   - Growth & earnings 32.8/35 | Capital efficiency 23.4/25 | Valuation 9.9/20 | Relative strength 14.0/20
   - Exact sum: 32.8 + 23.4 + 9.9 + 14 = 80.1
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. SRF Ltd (SRF): 63/100 — Mixed-positive evidence; evidence 88%
   - Growth & earnings 30.3/35 | Capital efficiency 15.8/25 | Valuation 13.1/20 | Relative strength 3.5/20
   - Exact sum: 30.3 + 15.8 + 13.1 + 3.5 = 62.7
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.2% and the one-year return is -16.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 57/100 — Mixed-positive evidence; evidence 93%
   - Growth & earnings 11.0/35 | Capital efficiency 14.7/25 | Valuation 11.4/20 | Relative strength 20.0/20
   - Exact sum: 11 + 14.7 + 11.4 + 20 = 57.1
   - Decision use: Price leads the evidence: RS versus the benchmark is 29.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4. Wadala Commodities Ltd(Merged) (GFL): 47/100 — Thin evidence · provisional; evidence 6%
   - Growth & earnings 17.5/35 | Capital efficiency 9.3/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.5 + 9.3 + 10 + 10 = 46.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: SRF Ltd is the scale leader at ₹17,001 crore, 240.3% ahead of Gujarat Fluorochemicals Ltd. Navin Fluorine International Ltd's growth is 41% from a ₹3,313 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: SRF Ltd is the scale benchmark; Navin Fluorine International Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: SRF Ltd's growth falls below Navin Fluorine International Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: SRF Ltd · ₹17,001 crore | 240.3% versus #2 · Gujarat Fluorochemicals Ltd | 8/8 recent comparable periods | 4/4 companies · 58 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. SRF Ltd (SRF): ₹17.0K Cr
2. Gujarat Fluorochemicals Ltd (FLUOROCHEM): ₹5.0K Cr
3. Navin Fluorine International Ltd (NAVINFLUOR): ₹3.3K Cr
4. Wadala Commodities Ltd(Merged) (GFL): ₹2 Cr — older report

### Revenue growth — fastest growers
1. Navin Fluorine International Ltd (NAVINFLUOR): 41%
2. SRF Ltd (SRF): 13%
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 5.5%

### 20-quarter Revenue history
- SRF: Sep 2021 ₹2.8K Cr | Dec 2021 ₹3.3K Cr | Mar 2022 ₹3.5K Cr | Jun 2022 ₹3.9K Cr | Sep 2022 ₹3.7K Cr | Dec 2022 ₹3.5K Cr | Mar 2023 ₹3.8K Cr | Jun 2023 ₹3.3K Cr | Sep 2023 ₹3.2K Cr | Dec 2023 ₹3.1K Cr | Mar 2024 ₹3.6K Cr | Jun 2024 ₹3.5K Cr | Sep 2024 ₹3.4K Cr | Dec 2024 ₹3.5K Cr | Mar 2025 ₹4.3K Cr | Jun 2025 ₹3.8K Cr | Sep 2025 ₹3.6K Cr | Dec 2025 ₹3.7K Cr | Mar 2026 ₹4.6K Cr | Jun 2026 ₹5.0K Cr
- FLUOROCHEM: Sep 2021 ₹964 Cr | Dec 2021 ₹1.0K Cr | Mar 2022 ₹1.1K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.5K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹947 Cr | Dec 2023 ₹992 Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 —
- NAVINFLUOR: Sep 2021 ₹339 Cr | Dec 2021 ₹379 Cr | Mar 2022 ₹409 Cr | Jun 2022 ₹398 Cr | Sep 2022 ₹366 Cr | Dec 2022 ₹564 Cr | Mar 2023 ₹697 Cr | Jun 2023 ₹491 Cr | Sep 2023 ₹472 Cr | Dec 2023 ₹500 Cr | Mar 2024 ₹602 Cr | Jun 2024 ₹524 Cr | Sep 2024 ₹519 Cr | Dec 2024 ₹606 Cr | Mar 2025 ₹701 Cr | Jun 2025 ₹725 Cr | Sep 2025 ₹758 Cr | Dec 2025 ₹892 Cr | Mar 2026 ₹938 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- SRF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 44% | Sep 2022 31% | Dec 2022 3.7% | Mar 2023 6.5% | Jun 2023 -14% | Sep 2023 -15% | Dec 2023 -12% | Mar 2024 -5.5% | Jun 2024 3.8% | Sep 2024 7.8% | Dec 2024 14% | Mar 2025 21% | Jun 2025 10% | Sep 2025 6.3% | Dec 2025 6.4% | Mar 2026 7.0% | Jun 2026 32%
- FLUOROCHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 46% | Sep 2022 52% | Dec 2022 41% | Mar 2023 37% | Jun 2023 -9.4% | Sep 2023 -35% | Dec 2023 -30% | Mar 2024 -23% | Jun 2024 -2.7% | Sep 2024 25% | Dec 2024 16% | Mar 2025 8.1% | Jun 2025 8.9% | Sep 2025 1.9% | Dec 2025 -1.1% | Mar 2026 12% | Jun 2026 —
- NAVINFLUOR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 22% | Sep 2022 8.0% | Dec 2022 49% | Mar 2023 70% | Jun 2023 23% | Sep 2023 29% | Dec 2023 -11% | Mar 2024 -14% | Jun 2024 6.7% | Sep 2024 10.0% | Dec 2024 21% | Mar 2025 16% | Jun 2025 38% | Sep 2025 46% | Dec 2025 47% | Mar 2026 34% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Navin Fluorine International Ltd leads both opm at 34% and margin change at +8 percentage points.

Investor read: Navin Fluorine International Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Navin Fluorine International Ltd · 34% | 36% versus #2 · SRF Ltd | 6/8 recent comparable periods | 3/4 companies · 58 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Navin Fluorine International Ltd (NAVINFLUOR): 34%
2. SRF Ltd (SRF): 25%
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 22%

### Margin change — fastest expanders
1. Navin Fluorine International Ltd (NAVINFLUOR): +8.0 pp
2. SRF Ltd (SRF): +3.0 pp
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): −3.0 pp

### 20-quarter OPM history
- SRF: Sep 2021 24% | Dec 2021 26% | Mar 2022 27% | Jun 2022 26% | Sep 2022 21% | Dec 2022 24% | Mar 2023 25% | Jun 2023 21% | Sep 2023 20% | Dec 2023 19% | Mar 2024 19% | Jun 2024 17% | Sep 2024 16% | Dec 2024 18% | Mar 2025 22% | Jun 2025 22% | Sep 2025 21% | Dec 2025 21% | Mar 2026 22% | Jun 2026 25%
- FLUOROCHEM: Sep 2021 31% | Dec 2021 31% | Mar 2022 31% | Jun 2022 34% | Sep 2022 37% | Dec 2022 37% | Mar 2023 36% | Jun 2023 29% | Sep 2023 17% | Dec 2023 21% | Mar 2024 21% | Jun 2024 22% | Sep 2024 25% | Dec 2024 26% | Mar 2025 25% | Jun 2025 27% | Sep 2025 30% | Dec 2025 24% | Mar 2026 22% | Jun 2026 —
- NAVINFLUOR: Sep 2021 25% | Dec 2021 26% | Mar 2022 23% | Jun 2022 25% | Sep 2022 25% | Dec 2022 28% | Mar 2023 29% | Jun 2023 23% | Sep 2023 21% | Dec 2023 15% | Mar 2024 18% | Jun 2024 19% | Sep 2024 21% | Dec 2024 24% | Mar 2025 26% | Jun 2025 29% | Sep 2025 32% | Dec 2025 34% | Mar 2026 34% | Jun 2026 —

### 20-quarter Margin change history
- SRF: Sep 2021 −3.5 pp | Dec 2021 −0.0 pp | Mar 2022 +2.1 pp | Jun 2022 +0.7 pp | Sep 2022 −3.1 pp | Dec 2022 −2.3 pp | Mar 2023 −1.7 pp | Jun 2023 −4.6 pp | Sep 2023 −0.6 pp | Dec 2023 −5.0 pp | Mar 2024 −6.0 pp | Jun 2024 −4.0 pp | Sep 2024 −4.0 pp | Dec 2024 −1.0 pp | Mar 2025 +3.0 pp | Jun 2025 +5.0 pp | Sep 2025 +5.0 pp | Dec 2025 +3.0 pp | Mar 2026 0.0 pp | Jun 2026 +3.0 pp
- FLUOROCHEM: Sep 2021 +5.2 pp | Dec 2021 +9.0 pp | Mar 2022 +7.7 pp | Jun 2022 +6.4 pp | Sep 2022 +6.0 pp | Dec 2022 +5.6 pp | Mar 2023 +5.1 pp | Jun 2023 −5.4 pp | Sep 2023 −19.7 pp | Dec 2023 −16.0 pp | Mar 2024 −15.0 pp | Jun 2024 −7.0 pp | Sep 2024 +8.0 pp | Dec 2024 +5.0 pp | Mar 2025 +4.0 pp | Jun 2025 +5.0 pp | Sep 2025 +5.0 pp | Dec 2025 −2.0 pp | Mar 2026 −3.0 pp | Jun 2026 —
- NAVINFLUOR: Sep 2021 −3.6 pp | Dec 2021 +0.4 pp | Mar 2022 −2.0 pp | Jun 2022 +1.1 pp | Sep 2022 +0.2 pp | Dec 2022 +2.0 pp | Mar 2023 +6.0 pp | Jun 2023 −1.9 pp | Sep 2023 −4.0 pp | Dec 2023 −13.0 pp | Mar 2024 −11.0 pp | Jun 2024 −4.0 pp | Sep 2024 0.0 pp | Dec 2024 +9.0 pp | Mar 2025 +8.0 pp | Jun 2025 +10.0 pp | Sep 2025 +11.0 pp | Dec 2025 +10.0 pp | Mar 2026 +8.0 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: SRF Ltd leads with ₹2,162 crore of TTM profit, 226.1% above Navin Fluorine International Ltd. Navin Fluorine International Ltd shows ≥100% on the scoring scale (129.4% uncapped) growth from a ₹663 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: SRF Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: SRF Ltd · ₹2,162 crore | 226.1% versus #2 · Navin Fluorine International Ltd | 7/8 recent comparable periods | 4/4 companies · 58 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. SRF Ltd (SRF): ₹2.2K Cr
2. Navin Fluorine International Ltd (NAVINFLUOR): ₹663 Cr
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): ₹574 Cr
4. Wadala Commodities Ltd(Merged) (GFL): ₹-0 Cr — older report

### Profit growth — fastest growers
1. Navin Fluorine International Ltd (NAVINFLUOR): 100%
2. SRF Ltd (SRF): 51%
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 5.1%

### 20-quarter Net profit history
- SRF: Sep 2021 ₹382 Cr | Dec 2021 ₹506 Cr | Mar 2022 ₹606 Cr | Jun 2022 ₹608 Cr | Sep 2022 ₹481 Cr | Dec 2022 ₹511 Cr | Mar 2023 ₹562 Cr | Jun 2023 ₹359 Cr | Sep 2023 ₹301 Cr | Dec 2023 ₹253 Cr | Mar 2024 ₹422 Cr | Jun 2024 ₹252 Cr | Sep 2024 ₹201 Cr | Dec 2024 ₹271 Cr | Mar 2025 ₹526 Cr | Jun 2025 ₹432 Cr | Sep 2025 ₹388 Cr | Dec 2025 ₹433 Cr | Mar 2026 ₹582 Cr | Jun 2026 ₹759 Cr
- FLUOROCHEM: Sep 2021 ₹207 Cr | Dec 2021 ₹205 Cr | Mar 2022 ₹222 Cr | Jun 2022 ₹306 Cr | Sep 2022 ₹361 Cr | Dec 2022 ₹331 Cr | Mar 2023 ₹332 Cr | Jun 2023 ₹201 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹80 Cr | Mar 2024 ₹101 Cr | Jun 2024 ₹108 Cr | Sep 2024 ₹121 Cr | Dec 2024 ₹126 Cr | Mar 2025 ₹191 Cr | Jun 2025 ₹184 Cr | Sep 2025 ₹179 Cr | Dec 2025 ₹102 Cr | Mar 2026 ₹109 Cr | Jun 2026 —
- NAVINFLUOR: Sep 2021 ₹63 Cr | Dec 2021 ₹69 Cr | Mar 2022 ₹75 Cr | Jun 2022 ₹74 Cr | Sep 2022 ₹64 Cr | Dec 2022 ₹107 Cr | Mar 2023 ₹136 Cr | Jun 2023 ₹62 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹78 Cr | Mar 2024 ₹70 Cr | Jun 2024 ₹51 Cr | Sep 2024 ₹59 Cr | Dec 2024 ₹84 Cr | Mar 2025 ₹95 Cr | Jun 2025 ₹117 Cr | Sep 2025 ₹148 Cr | Dec 2025 ₹185 Cr | Mar 2026 ₹213 Cr | Jun 2026 —

### 20-quarter Profit growth history
- SRF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 54% | Sep 2022 26% | Dec 2022 1.0% | Mar 2023 -7.3% | Jun 2023 -41% | Sep 2023 -37% | Dec 2023 -50% | Mar 2024 -25% | Jun 2024 -30% | Sep 2024 -33% | Dec 2024 7.1% | Mar 2025 25% | Jun 2025 71% | Sep 2025 93% | Dec 2025 60% | Mar 2026 11% | Jun 2026 76%
- FLUOROCHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 99% | Sep 2022 74% | Dec 2022 61% | Mar 2023 50% | Jun 2023 -34% | Sep 2023 -85% | Dec 2023 -76% | Mar 2024 -70% | Jun 2024 -46% | Sep 2024 128% | Dec 2024 58% | Mar 2025 89% | Jun 2025 70% | Sep 2025 48% | Dec 2025 -19% | Mar 2026 -43% | Jun 2026 —
- NAVINFLUOR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 32% | Sep 2022 1.6% | Dec 2022 55% | Mar 2023 81% | Jun 2023 -16% | Sep 2023 -4.7% | Dec 2023 -27% | Mar 2024 -49% | Jun 2024 -18% | Sep 2024 -3.3% | Dec 2024 7.7% | Mar 2025 36% | Jun 2025 129% | Sep 2025 151% | Dec 2025 120% | Mar 2026 124% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Navin Fluorine International Ltd has the clearest covered balance-sheet capacity with ₹28 crore net cash and gross debt of ₹1,272 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Wadala Commodities Ltd(Merged) · ₹5 crore | 99.6% versus #2 · Navin Fluorine International Ltd | Not enough history | 4/4 companies · 57 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Wadala Commodities Ltd(Merged) (GFL): ₹5 Cr — older report
2. Navin Fluorine International Ltd (NAVINFLUOR): ₹1.3K Cr
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): ₹2.3K Cr
4. SRF Ltd (SRF): ₹5.1K Cr

### Net debt — lowest net debt
1. Navin Fluorine International Ltd (NAVINFLUOR): ₹-28 Cr
2. Gujarat Fluorochemicals Ltd (FLUOROCHEM): ₹1.7K Cr
3. SRF Ltd (SRF): ₹3.8K Cr

### 20-quarter Gross debt history
- SRF: Sep 2021 ₹3.4K Cr | Dec 2021 ₹3.4K Cr | Mar 2022 ₹3.7K Cr | Jun 2022 ₹3.7K Cr | Sep 2022 ₹3.8K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 ₹4.5K Cr | Jun 2023 ₹4.5K Cr | Sep 2023 ₹5.0K Cr | Dec 2023 ₹5.0K Cr | Mar 2024 ₹5.0K Cr | Jun 2024 ₹5.0K Cr | Sep 2024 ₹5.2K Cr | Dec 2024 ₹5.2K Cr | Mar 2025 ₹4.7K Cr | Jun 2025 ₹4.7K Cr | Sep 2025 ₹4.6K Cr | Dec 2025 ₹4.6K Cr | Mar 2026 ₹5.1K Cr | Jun 2026 —
- FLUOROCHEM: Sep 2021 ₹1.4K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.6K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹1.5K Cr | Jun 2023 ₹1.5K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹1.7K Cr | Mar 2024 ₹2.1K Cr | Jun 2024 ₹2.1K Cr | Sep 2024 ₹2.2K Cr | Dec 2024 ₹2.2K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 —
- NAVINFLUOR: Sep 2021 ₹31 Cr | Dec 2021 ₹31 Cr | Mar 2022 ₹121 Cr | Jun 2022 ₹121 Cr | Sep 2022 ₹607 Cr | Dec 2022 ₹607 Cr | Mar 2023 ₹861 Cr | Jun 2023 ₹861 Cr | Sep 2023 ₹1.3K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.4K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —

### 20-quarter Net debt history
- SRF: Sep 2021 ₹2.6K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹3.4K Cr | Jun 2023 ₹3.4K Cr | Sep 2023 ₹4.0K Cr | Dec 2023 ₹4.0K Cr | Mar 2024 ₹4.2K Cr | Jun 2024 ₹4.2K Cr | Sep 2024 ₹4.6K Cr | Dec 2024 ₹4.6K Cr | Mar 2025 ₹3.6K Cr | Jun 2025 ₹3.6K Cr | Sep 2025 ₹4.0K Cr | Dec 2025 ₹4.0K Cr | Mar 2026 ₹3.8K Cr | Jun 2026 —
- FLUOROCHEM: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.6K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹2.0K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.6K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 —
- NAVINFLUOR: Sep 2021 ₹-455 Cr | Dec 2021 ₹-455 Cr | Mar 2022 ₹-63 Cr | Jun 2022 ₹-63 Cr | Sep 2022 ₹302 Cr | Dec 2022 ₹302 Cr | Mar 2023 ₹811 Cr | Jun 2023 ₹812 Cr | Sep 2023 ₹784 Cr | Dec 2023 ₹784 Cr | Mar 2024 ₹872 Cr | Jun 2024 ₹873 Cr | Sep 2024 ₹954 Cr | Dec 2024 ₹954 Cr | Mar 2025 ₹972 Cr | Jun 2025 ₹972 Cr | Sep 2025 ₹313 Cr | Dec 2025 ₹313 Cr | Mar 2026 ₹-28 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Navin Fluorine International Ltd leads ROCE at 21%, 6.4 percentage points above SRF Ltd. Navin Fluorine International Ltd has the strongest latest improvement at +6.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Navin Fluorine International Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Navin Fluorine International Ltd · 21% | 43.8% versus #2 · SRF Ltd | 5/8 recent comparable periods | 4/4 companies · 46 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Navin Fluorine International Ltd (NAVINFLUOR): 21%
2. SRF Ltd (SRF): 15%
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 9.9%
4. Wadala Commodities Ltd(Merged) (GFL): 7.0% — older report

### ROCE change — fastest improvers
1. Navin Fluorine International Ltd (NAVINFLUOR): +6.9 pp
2. SRF Ltd (SRF): +2.8 pp
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): −0.2 pp

### 20-quarter ROCE history
- SRF: Sep 2021 21% | Dec 2021 — | Mar 2022 23% | Jun 2022 — | Sep 2022 26% | Dec 2022 — | Mar 2023 21% | Jun 2023 — | Sep 2023 17% | Dec 2023 17% | Mar 2024 13% | Jun 2024 13% | Sep 2024 11% | Dec 2024 12% | Mar 2025 13% | Jun 2025 15% | Sep 2025 15% | Dec 2025 16% | Mar 2026 16% | Jun 2026 —
- FLUOROCHEM: Sep 2021 14% | Dec 2021 — | Mar 2022 20% | Jun 2022 — | Sep 2022 25% | Dec 2022 — | Mar 2023 29% | Jun 2023 — | Sep 2023 20% | Dec 2023 18% | Mar 2024 9.1% | Jun 2024 9.7% | Sep 2024 8.7% | Dec 2024 12% | Mar 2025 9.2% | Jun 2025 13% | Sep 2025 10% | Dec 2025 13% | Mar 2026 9.0% | Jun 2026 —
- NAVINFLUOR: Sep 2021 16% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 17% | Jun 2023 21% | Sep 2023 15% | Dec 2023 17% | Mar 2024 8.8% | Jun 2024 12% | Sep 2024 8.6% | Dec 2024 12% | Mar 2025 11% | Jun 2025 15% | Sep 2025 14% | Dec 2025 20% | Mar 2026 18% | Jun 2026 —

### 20-quarter ROCE change history
- SRF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.9 pp | Dec 2022 — | Mar 2023 −1.5 pp | Jun 2023 — | Sep 2023 −8.7 pp | Dec 2023 — | Mar 2024 −8.1 pp | Jun 2024 — | Sep 2024 −5.5 pp | Dec 2024 −4.8 pp | Mar 2025 −0.4 pp | Jun 2025 +1.6 pp | Sep 2025 +3.5 pp | Dec 2025 +3.8 pp | Mar 2026 +2.8 pp | Jun 2026 —
- FLUOROCHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +10.3 pp | Dec 2022 — | Mar 2023 +9.2 pp | Jun 2023 — | Sep 2023 −4.8 pp | Dec 2023 — | Mar 2024 −19.6 pp | Jun 2024 — | Sep 2024 −11.1 pp | Dec 2024 −5.6 pp | Mar 2025 +0.1 pp | Jun 2025 +3.1 pp | Sep 2025 +1.7 pp | Dec 2025 +0.8 pp | Mar 2026 −0.2 pp | Jun 2026 —
- NAVINFLUOR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.6 pp | Dec 2022 — | Mar 2023 +0.7 pp | Jun 2023 — | Sep 2023 +1.3 pp | Dec 2023 — | Mar 2024 −7.9 pp | Jun 2024 −9.1 pp | Sep 2024 −6.5 pp | Dec 2024 −5.8 pp | Mar 2025 +2.1 pp | Jun 2025 +3.0 pp | Sep 2025 +4.9 pp | Dec 2025 +8.3 pp | Mar 2026 +6.9 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: SRF Ltd has the lowest comparable Guarded PEG at 0.81×, 25.7% below Gujarat Fluorochemicals Ltd. Only 3 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: SRF Ltd · 0.81× | 25.7% versus #2 · Gujarat Fluorochemicals Ltd | 0/8 recent comparable periods | 3/4 companies · 24 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. SRF Ltd (SRF): 0.8
2. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 1.1
3. Navin Fluorine International Ltd (NAVINFLUOR): 1.6

### P/E — lowest P/E
1. SRF Ltd (SRF): 35.2
2. Navin Fluorine International Ltd (NAVINFLUOR): 59.5
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 85.4

### 20-quarter Guarded PEG history
- SRF: Sep 2021 1.2 | Dec 2021 1.2 | Mar 2022 — | Jun 2022 0.6 | Sep 2022 0.8 | Dec 2022 0.6 | Mar 2023 1.0 | Jun 2023 2.2 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 8.5 | Mar 2025 — | Jun 2025 — | Sep 2025 4.1 | Dec 2025 6.9 | Mar 2026 6.6 | Jun 2026 0.8
- FLUOROCHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.5 | Jun 2023 — | Sep 2023 0.9 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 2.1 | Mar 2025 — | Jun 2025 2.8 | Sep 2025 — | Dec 2025 — | Mar 2026 1.1 | Jun 2026 —
- NAVINFLUOR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.1 | Sep 2022 5.7 | Dec 2022 5.3 | Mar 2023 2.8 | Jun 2023 1.4 | Sep 2023 1.8 | Dec 2023 1.6 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- SRF: Sep 2021 45.8 | Dec 2021 48.3 | Mar 2022 46.5 | Jun 2022 35.7 | Sep 2022 35.3 | Dec 2022 30.9 | Mar 2023 32.4 | Jun 2023 31.4 | Sep 2023 34.8 | Dec 2023 42.4 | Mar 2024 51.4 | Jun 2024 54.2 | Sep 2024 59.4 | Dec 2024 59.4 | Mar 2025 76.0 | Jun 2025 75.3 | Sep 2025 66.6 | Dec 2025 73.6 | Mar 2026 59.2 | Jun 2026 42.6
- FLUOROCHEM: Sep 2021 -3,138.9 | Dec 2021 39.1 | Mar 2022 47.0 | Jun 2022 37.7 | Sep 2022 46.1 | Dec 2022 31.2 | Mar 2023 27.2 | Jun 2023 24.2 | Sep 2023 27.4 | Dec 2023 44.4 | Mar 2024 51.1 | Jun 2024 80.6 | Sep 2024 138.1 | Dec 2024 117.9 | Mar 2025 96.9 | Jun 2025 71.5 | Sep 2025 65.0 | Dec 2025 58.6 | Mar 2026 50.5 | Jun 2026 —
- NAVINFLUOR: Sep 2021 78.1 | Dec 2021 85.4 | Mar 2022 77.9 | Jun 2022 68.2 | Sep 2022 79.0 | Dec 2022 73.0 | Mar 2023 67.4 | Jun 2023 59.5 | Sep 2023 51.5 | Dec 2023 52.3 | Mar 2024 52.4 | Jun 2024 77.5 | Sep 2024 77.9 | Dec 2024 75.9 | Mar 2025 79.1 | Jun 2025 83.0 | Sep 2025 64.0 | Dec 2025 65.2 | Mar 2026 54.5 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: SRF Ltd leads ev/ebitda at 24.3×; Wadala Commodities Ltd(Merged) leads p/bv at 5.56×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: SRF Ltd · 24.3× | 6.9% versus #2 · Gujarat Fluorochemicals Ltd | 0/8 recent comparable periods | 3/4 companies · 58 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. SRF Ltd (SRF): 24.3
2. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 26.1
3. Navin Fluorine International Ltd (NAVINFLUOR): 32.2

### P/BV — lowest P/BV
1. Wadala Commodities Ltd(Merged) (GFL): 5.6 — older report
2. SRF Ltd (SRF): 5.6
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 6.4
4. Navin Fluorine International Ltd (NAVINFLUOR): 9.7

### 20-quarter EV/EBITDA history
- SRF: Sep 2021 27.2 | Dec 2021 28.6 | Mar 2022 27.6 | Jun 2022 22.0 | Sep 2022 21.9 | Dec 2022 19.5 | Mar 2023 20.7 | Jun 2023 19.9 | Sep 2023 21.3 | Dec 2023 24.7 | Mar 2024 27.7 | Jun 2024 28.9 | Sep 2024 30.0 | Dec 2024 28.8 | Mar 2025 35.8 | Jun 2025 34.6 | Sep 2025 30.7 | Dec 2025 33.8 | Mar 2026 27.5 | Jun 2026 24.3
- FLUOROCHEM: Sep 2021 23.4 | Dec 2021 26.8 | Mar 2022 27.6 | Jun 2022 23.5 | Sep 2022 29.3 | Dec 2022 20.4 | Mar 2023 17.7 | Jun 2023 15.7 | Sep 2023 17.3 | Dec 2023 25.8 | Mar 2024 27.1 | Jun 2024 35.9 | Sep 2024 53.2 | Dec 2024 47.9 | Mar 2025 40.5 | Jun 2025 33.7 | Sep 2025 32.2 | Dec 2025 30.0 | Mar 2026 26.1 | Jun 2026 —
- NAVINFLUOR: Sep 2021 48.8 | Dec 2021 53.5 | Mar 2022 48.7 | Jun 2022 44.2 | Sep 2022 54.7 | Dec 2022 48.5 | Mar 2023 43.5 | Jun 2023 38.1 | Sep 2023 32.6 | Dec 2023 33.1 | Mar 2024 31.0 | Jun 2024 40.9 | Sep 2024 41.5 | Dec 2024 40.5 | Mar 2025 43.6 | Jun 2025 43.8 | Sep 2025 36.1 | Dec 2025 36.8 | Mar 2026 32.2 | Jun 2026 —

### 20-quarter P/BV history
- SRF: Sep 2021 9.5 | Dec 2021 9.5 | Mar 2022 10.3 | Jun 2022 9.5 | Sep 2022 8.0 | Dec 2022 7.4 | Mar 2023 8.3 | Jun 2023 6.6 | Sep 2023 6.5 | Dec 2023 6.8 | Mar 2024 7.0 | Jun 2024 6.3 | Sep 2024 6.4 | Dec 2024 5.6 | Mar 2025 7.3 | Jun 2025 7.5 | Sep 2025 6.6 | Dec 2025 6.9 | Mar 2026 5.6 | Jun 2026 5.8
- FLUOROCHEM: Sep 2021 5.5 | Dec 2021 6.9 | Mar 2022 8.3 | Jun 2022 8.5 | Sep 2022 8.8 | Dec 2022 7.0 | Mar 2023 7.8 | Jun 2023 7.6 | Sep 2023 6.1 | Dec 2023 7.1 | Mar 2024 5.9 | Jun 2024 6.3 | Sep 2024 8.0 | Dec 2024 7.9 | Mar 2025 7.2 | Jun 2025 6.6 | Sep 2025 5.6 | Dec 2025 5.2 | Mar 2026 4.4 | Jun 2026 —
- NAVINFLUOR: Sep 2021 11.8 | Dec 2021 12.0 | Mar 2022 11.4 | Jun 2022 11.0 | Sep 2022 11.4 | Dec 2022 10.4 | Mar 2023 11.5 | Jun 2023 12.1 | Sep 2023 8.6 | Dec 2023 8.4 | Mar 2024 6.8 | Jun 2024 8.1 | Sep 2024 7.1 | Dec 2024 6.7 | Mar 2025 8.5 | Jun 2025 10.0 | Sep 2025 8.6 | Dec 2025 8.2 | Mar 2026 8.6 | Jun 2026 —

## Market action

Navin Fluorine International Ltd has the strongest one-year price move in Chemicals - Flourine at +54.4%. Gujarat Fluorochemicals Ltd leads on Mansfield relative strength against NIFTY at +29.6%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Navin Fluorine International Ltd (NAVINFLUOR): 54%
2. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 31%
3. SRF Ltd (SRF): -16%

### Strongest relative strength versus NIFTY 500
1. Gujarat Fluorochemicals Ltd (FLUOROCHEM): 30%
2. Navin Fluorine International Ltd (NAVINFLUOR): 25%
3. SRF Ltd (SRF): -4.1%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.

## Every company
- SRF Ltd (SRF) — market value ₹79.0K Cr; latest fundamentals Jun 2026
- Gujarat Fluorochemicals Ltd (FLUOROCHEM) — market value ₹50.2K Cr; latest fundamentals Mar 2026
- Navin Fluorine International Ltd (NAVINFLUOR) — market value ₹38.6K Cr; latest fundamentals Mar 2026
- Wadala Commodities Ltd(Merged) (GFL) — market value —; latest fundamentals Sep 2014

## Source standing of each company

Cross-checked: 3. Unverified: 1. Withheld: 0. Graded companies: 4.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Chemicals - Flourine index?

The Nifty Chemicals - Flourine index tracks India's listed Chemicals - Flourine companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Chemicals - Flourine sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Chemicals - Flourine stocks in India?

Ranked by this page's four-factor score, Navin Fluorine International Ltd places first among 4 listed Chemicals - Flourine companies, followed by SRF Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Chemicals - Flourine stocks are listed in India?

This comparison covers 4 listed Chemicals - Flourine companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Chemicals - Flourine company is the biggest?

SRF Ltd is the largest, with trailing-twelve-month revenue of ₹17,001 crore, ahead of Gujarat Fluorochemicals Ltd at ₹4,996 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.

### Which Chemicals - Flourine company is growing fastest?

Navin Fluorine International Ltd has the fastest revenue growth at 41% year on year, across 3 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Chemicals - Flourine company has the best profit margins?

Navin Fluorine International Ltd has the highest operating margin at 34%, from 3 of 4 comparable companies. Navin Fluorine International Ltd shows the biggest recent improvement, at +8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Chemicals - Flourine company makes the most profit?

SRF Ltd earns the most, at ₹2,162 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Navin Fluorine International Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Chemicals - Flourine company earns the highest return on capital?

Navin Fluorine International Ltd leads on return on capital employed at 21%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Chemicals - Flourine stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — SRF Ltd screens cheapest at 0.81×. Only 3 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Chemicals - Flourine company has the strongest balance sheet?

Wadala Commodities Ltd(Merged) carries the lowest comparable gross debt at ₹5 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Is the Chemicals - Flourine sector beating the market?

Chemicals - Flourine has outperformed NIFTY 500 by 25.2% over the last 52 weeks and 18.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Chemicals - Flourine stock has the strongest price momentum?

Gujarat Fluorochemicals Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Chemicals - Flourine company scores highest for research priority?

Navin Fluorine International Ltd scores 80.1 out of 100 with 92.6% evidence confidence, from 32.8 points on growth and earnings, 23.4 on capital efficiency, 9.9 on valuation and 14 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Chemicals - Flourine companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Chemicals - Flourine sector?

The 4 Chemicals - Flourine companies on this page carry ₹1,67,812 crore of combined market value. SRF Ltd is the largest at ₹78,988 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Chemicals - Flourine sector performing?

2 of the 3 covered Chemicals - Flourine companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 25.2% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/chemicals-flourine