Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Chemicals - Flourine Stocks in India

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

01 · the index people search for

Nifty Chemicals - Flourine Index — Constituents & Performance

The Chemicals - Flourine companies below are the listed Indian Chemicals - Flourine universe this page tracks — the same constituent set people search for as the Nifty Chemicals - Flourine index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Chemicals - Flourine moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 46% ahead of NIFTY 500. Earnings across its companies grew 51% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.

LEADER · ahead 15wPrice and the fundamentals both up2 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑15w · 2/3 >200d (−1) · 2/3 lead (−1) · EPS 3/3↑

20030040020262025202420232022 439333 TRAILING 12-MONTH EPS · 100 AT THE START0100106Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 6.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 85, against 100 at the start · down 20.0% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 77, against 100 at the start · down 48.1% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 71, against 100 at the start · down 50.7% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 65, against 100 at the start · down 34.9% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 66, against 100 at the start · down 22.3% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 72, against 100 at the start · up 6.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 83, against 100 at the start · up 36.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 93, against 100 at the start · up 65.9% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · up 55.2% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 106, against 100 at the start · up 46.7% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two106 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030040020262025202420232022 439333 TRAILING 12-MONTH EPS · 100 AT THE START0100106Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 6.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 85, against 100 at the start · down 20.0% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 77, against 100 at the start · down 48.1% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 71, against 100 at the start · down 50.7% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 65, against 100 at the start · down 34.9% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 66, against 100 at the start · down 22.3% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 72, against 100 at the start · up 6.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 83, against 100 at the start · up 36.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 93, against 100 at the start · up 65.9% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · up 55.2% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 106, against 100 at the start · up 46.7% on a year ago · 3 reportingJun 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Chemicals - Flourine filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two106No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Chemicals - Flourine, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Chemicals - Flourine outperforming NIFTY 500?

Chemicals - Flourine has outperformed NIFTY 500 by 18.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.8%. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Navin Fluorine International Ltd is the strongest against the sector itself at +7.6%.

+10.8%Sector vs NIFTY 500 · 13 weeks
+18.9%Sector vs NIFTY 500 · 52 weeks
2/3Stocks leading NIFTY 500
2/3Stocks leading sector

Sector metric: 17.8 as of 2026-07-19 · NARROWING · rising.

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

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Chemicals - Flourine has outperformed NIFTY 500 by 18.9% over 52 weeks and 10.8% 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.

Companies
4
complete canonical membership
Combined market value
₹1.6 L Cr
SRF Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
2/3
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit

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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Navin Fluorine International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.
Gujarat Fluorochemicals Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Navin Fluorine International LtdNAVINFLUOR 80.7/100Sector-leading setup93% evidence LEADER 32.8/35 Revenue 41% · PAT 100% · OPM change 8 pp 88% evidence 24.1/25 ROCE 21% · OPM 34% 100% evidence 9.8/20 P/E 59.9× · PEG 1.63 85% evidence 14.0/20 RS sector 7.6% · RS bench 21.6% · 1Y 51.2%11 of 12 weeks ahead 100% evidence
Exact sum: 32.8 + 24.1 + 9.8 + 14 = 80.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2SRF LtdSRF 61.1/100Mixed-positive evidence88% evidence TURNING 30.3/35 Revenue 13% · PAT 51.2% · OPM change 3 pp 95% evidence 14.6/25 ROCE 14.6% · OPM 25% 95% evidence 13.2/20 P/E 34.7× · PEG 0.81 85% evidence 3.0/20 RS sector -11.2% · RS bench -7.5% · 1Y -13.8%3 of 11 weeks ahead 70% evidence
Exact sum: 30.3 + 14.6 + 13.2 + 3 = 61.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.2% and the one-year return is -13.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Gujarat Fluorochemicals LtdFLUOROCHEM 55.0/100Mixed-positive evidence93% evidence LEADER 11.0/35 Revenue 5.5% · PAT 5.1% · OPM change -3 pp 88% evidence 12.6/25 ROCE 9.9% · OPM 22% 100% evidence 11.4/20 P/E 81.6× · PEG 1.09 85% evidence 20.0/20 RS sector 5.9% · RS bench 20.4% · 1Y 24.4%10 of 12 weeks ahead 100% evidence
Exact sum: 11 + 12.6 + 11.4 + 20 = 55 · Decision use: Price leads the evidence: RS versus the benchmark is 20.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Wadala Commodities Ltd(Merged)GFL 45.7/100Thin evidence · provisional9% evidence 17.5/35 Revenue — · PAT — · OPM change — 0% evidence 8.2/25 ROCE 7% · OPM — 34% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.5 + 8.2 + 10 + 10 = 45.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Navin Fluorine International Ltd has the strongest one-year price move in Chemicals - Flourine at +51.2%. It also leads on Mansfield relative strength against NIFTY at +21.6%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

SRF Ltd has the highest Revenue among the 4 Chemicals - Flourine companies compared here, at ₹17,001 crore. Gujarat Fluorochemicals Ltd is next at ₹4,996 crore. Navin Fluorine International Ltd has the highest Revenue growth at 41%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

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.

LeaderSRF Ltd · ₹17,001 crore
Gap240.3% versus #2 · Gujarat Fluorochemicals Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 58 observations

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.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1SRF Ltd SRF₹17.0K Cr
2Gujarat Fluorochemicals Ltd FLUOROCHEM₹5.0K Cr
3Navin Fluorine International Ltd NAVINFLUOR₹3.3K Cr
4Wadala Commodities Ltd(Merged) GFL · older report₹2 Cr
Revenue growthfastest growers
2SRF Ltd SRF13%
Revenue · company comparison
4/4 level · 3/4 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
SRF Ltd SRF₹5.0K Cr32%Jun 2026
Gujarat Fluorochemicals Ltd FLUOROCHEM₹1.4K Cr12%Mar 2026
Navin Fluorine International Ltd NAVINFLUOR₹938 Cr34%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

₹964 Cr
₹1.0K Cr
₹1.1K Cr
₹1.3K Cr
₹1.5K Cr
₹1.4K Cr
₹1.5K Cr
₹1.2K Cr
₹947 Cr
₹992 Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.1K Cr
₹1.4K Cr

Navin Fluorine International Ltd · NAVINFLUOR

₹339 Cr
₹379 Cr
₹409 Cr
₹398 Cr
₹366 Cr
₹564 Cr
₹697 Cr
₹491 Cr
₹472 Cr
₹500 Cr
₹602 Cr
₹524 Cr
₹519 Cr
₹606 Cr
₹701 Cr
₹725 Cr
₹758 Cr
₹892 Cr
₹938 Cr

SRF Ltd · SRF

₹2.8K Cr
₹3.3K Cr
₹3.5K Cr
₹3.9K Cr
₹3.7K Cr
₹3.5K Cr
₹3.8K Cr
₹3.3K Cr
₹3.2K Cr
₹3.1K Cr
₹3.6K Cr
₹3.5K Cr
₹3.4K Cr
₹3.5K Cr
₹4.3K Cr
₹3.8K Cr
₹3.6K Cr
₹3.7K Cr
₹4.6K Cr
₹5.0K Cr

Revenue growth · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

46%
52%
41%
37%
-9.4%
-35%
-30%
-23%
-2.7%
25%
16%
8.1%
8.9%
1.9%
-1.1%
12%

Navin Fluorine International Ltd · NAVINFLUOR

22%
8.0%
49%
70%
23%
29%
-11%
-14%
6.7%
10.0%
21%
16%
38%
46%
47%
34%

SRF Ltd · SRF

44%
31%
3.7%
6.5%
-14%
-15%
-12%
-5.5%
3.8%
7.8%
14%
21%
10%
6.3%
6.4%
7.0%
32%
07 · compare level, then change

Operating Economics & Margin Trend

Navin Fluorine International Ltd has the highest OPM among the 4 Chemicals - Flourine companies compared here, at 34%. SRF Ltd is next at 25%. The same company also holds the highest Margin change, at +8 percentage points. 3 of 4 companies report a comparable reading, the latest through Mar 2026.

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

LeaderNavin Fluorine International Ltd · 34%
Gap36% versus #2 · SRF Ltd
Persistence6/8 recent comparable periods
Coverage3/4 companies · 58 observations

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.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2SRF Ltd SRF25%
Margin changefastest expanders
2SRF Ltd SRF+3.0 pp
3Gujarat Fluorochemicals Ltd FLUOROCHEM−3.0 pp
Operating margin · company comparison
3/4 level · 3/4 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Navin Fluorine International Ltd NAVINFLUOR34%+8.0 ppMar 2026
SRF Ltd SRF25%+3.0 ppJun 2026
Gujarat Fluorochemicals Ltd FLUOROCHEM22%−3.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

31%
31%
31%
34%
37%
37%
36%
29%
17%
21%
21%
22%
25%
26%
25%
27%
30%
24%
22%

Navin Fluorine International Ltd · NAVINFLUOR

25%
26%
23%
25%
25%
28%
29%
23%
21%
15%
18%
19%
21%
24%
26%
29%
32%
34%
34%

SRF Ltd · SRF

24%
26%
27%
26%
21%
24%
25%
21%
20%
19%
19%
17%
16%
18%
22%
22%
21%
21%
22%
25%

Margin change · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

+5.2 pp
+9.0 pp
+7.7 pp
+6.4 pp
+6.0 pp
+5.6 pp
+5.1 pp
−5.4 pp
−19.7 pp
−16.0 pp
−15.0 pp
−7.0 pp
+8.0 pp
+5.0 pp
+4.0 pp
+5.0 pp
+5.0 pp
−2.0 pp
−3.0 pp

Navin Fluorine International Ltd · NAVINFLUOR

−3.6 pp
+0.4 pp
−2.0 pp
+1.1 pp
+0.2 pp
+2.0 pp
+6.0 pp
−1.9 pp
−4.0 pp
−13.0 pp
−11.0 pp
−4.0 pp
0.0 pp
+9.0 pp
+8.0 pp
+10.0 pp
+11.0 pp
+10.0 pp
+8.0 pp

SRF Ltd · SRF

−3.5 pp
−0.0 pp
+2.1 pp
+0.7 pp
−3.1 pp
−2.3 pp
−1.7 pp
−4.6 pp
−0.6 pp
−5.0 pp
−6.0 pp
−4.0 pp
−4.0 pp
−1.0 pp
+3.0 pp
+5.0 pp
+5.0 pp
+3.0 pp
0.0 pp
+3.0 pp
08 · compare level, then change

Profit Scale & Acceleration

SRF Ltd has the highest Net profit among the 4 Chemicals - Flourine companies compared here, at ₹2,162 crore. Navin Fluorine International Ltd is next at ₹663 crore. Navin Fluorine International Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

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.

LeaderSRF Ltd · ₹2,162 crore
Gap226.1% versus #2 · Navin Fluorine International Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 58 observations

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.

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 profitlargest
1SRF Ltd SRF₹2.2K Cr
3Gujarat Fluorochemicals Ltd FLUOROCHEM₹574 Cr
4Wadala Commodities Ltd(Merged) GFL · older report₹-0 Cr
Profit growthfastest growers
2SRF Ltd SRF51%
Net profit · company comparison
4/4 level · 3/4 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
SRF Ltd SRF₹759 Cr76%Jun 2026
Navin Fluorine International Ltd NAVINFLUOR₹213 Cr124%Mar 2026
Gujarat Fluorochemicals Ltd FLUOROCHEM₹109 Cr-43%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

₹207 Cr
₹205 Cr
₹222 Cr
₹306 Cr
₹361 Cr
₹331 Cr
₹332 Cr
₹201 Cr
₹53 Cr
₹80 Cr
₹101 Cr
₹108 Cr
₹121 Cr
₹126 Cr
₹191 Cr
₹184 Cr
₹179 Cr
₹102 Cr
₹109 Cr

Navin Fluorine International Ltd · NAVINFLUOR

₹63 Cr
₹69 Cr
₹75 Cr
₹74 Cr
₹64 Cr
₹107 Cr
₹136 Cr
₹62 Cr
₹61 Cr
₹78 Cr
₹70 Cr
₹51 Cr
₹59 Cr
₹84 Cr
₹95 Cr
₹117 Cr
₹148 Cr
₹185 Cr
₹213 Cr

SRF Ltd · SRF

₹382 Cr
₹506 Cr
₹606 Cr
₹608 Cr
₹481 Cr
₹511 Cr
₹562 Cr
₹359 Cr
₹301 Cr
₹253 Cr
₹422 Cr
₹252 Cr
₹201 Cr
₹271 Cr
₹526 Cr
₹432 Cr
₹388 Cr
₹433 Cr
₹582 Cr
₹759 Cr

Profit growth · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

99%
74%
61%
50%
-34%
-85%
-76%
-70%
-46%
128%
58%
89%
70%
48%
-19%
-43%

Navin Fluorine International Ltd · NAVINFLUOR

32%
1.6%
55%
81%
-16%
-4.7%
-27%
-49%
-18%
-3.3%
7.7%
36%
129%
151%
120%
124%

SRF Ltd · SRF

54%
26%
1.0%
-7.3%
-41%
-37%
-50%
-25%
-30%
-33%
7.1%
25%
71%
93%
60%
11%
76%
09 · compare level, then change

Return On Capital Employed

Navin Fluorine International Ltd has the highest ROCE among the 4 Chemicals - Flourine companies compared here, at 21%. SRF Ltd is next at 14.6%. The same company also holds the highest ROCE change, at +6.9 percentage points. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

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.

LeaderNavin Fluorine International Ltd · 21%
Gap43.8% versus #2 · SRF Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 46 observations

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.

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.
ROCEhighest
2SRF Ltd SRF15%
4Wadala Commodities Ltd(Merged) GFL · older report7.0%
ROCE changefastest improvers
2SRF Ltd SRF+2.8 pp
3Gujarat Fluorochemicals Ltd FLUOROCHEM−0.2 pp
Return on capital · company comparison
4/4 level · 3/4 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Navin Fluorine International Ltd NAVINFLUOR18%+6.9 ppMar 2026
SRF Ltd SRF16%+2.8 ppJun 2026
Gujarat Fluorochemicals Ltd FLUOROCHEM9.0%−0.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

14%
20%
25%
29%
20%
18%
9.1%
9.7%
8.7%
12%
9.2%
13%
10%
13%
9.0%

Navin Fluorine International Ltd · NAVINFLUOR

16%
16%
14%
17%
21%
15%
17%
8.8%
12%
8.6%
12%
11%
15%
14%
20%
18%

SRF Ltd · SRF

21%
23%
26%
21%
17%
17%
13%
13%
11%
12%
13%
15%
15%
16%
16%

ROCE change · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

+10.3 pp
+9.2 pp
−4.8 pp
−19.6 pp
−11.1 pp
−5.6 pp
+0.1 pp
+3.1 pp
+1.7 pp
+0.8 pp
−0.2 pp

Navin Fluorine International Ltd · NAVINFLUOR

−2.6 pp
+0.7 pp
+1.3 pp
−7.9 pp
−9.1 pp
−6.5 pp
−5.8 pp
+2.1 pp
+3.0 pp
+4.9 pp
+8.3 pp
+6.9 pp

SRF Ltd · SRF

+4.9 pp
−1.5 pp
−8.7 pp
−8.1 pp
−5.5 pp
−4.8 pp
−0.4 pp
+1.6 pp
+3.5 pp
+3.8 pp
+2.8 pp
10 · compare level, then change

Valuation Against Growth & Quality

SRF Ltd has the lowest PEG among the 4 Chemicals - Flourine companies compared here, at 0.81×. Gujarat Fluorochemicals Ltd is next at 1.09×. The same company also holds the lowest P/E, at 34.7×. 3 of 4 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 12 reported observations across the 20-quarter window.

What the numbers say: SRF Ltd has the lowest comparable PEG at 0.81×, 25.7% below Gujarat Fluorochemicals Ltd. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSRF Ltd · 0.81×
Gap25.7% versus #2 · Gujarat Fluorochemicals Ltd
Persistence0/8 recent comparable periods
Coverage3/4 companies · 24 observations

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.

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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1SRF Ltd SRF0.8
P/Elowest P/E
1SRF Ltd SRF34.7
Valuation · company comparison
3/4 level · 3/4 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Navin Fluorine International Ltd NAVINFLUOR1.654.5Mar 2026
Gujarat Fluorochemicals Ltd FLUOROCHEM1.150.5Mar 2026
SRF Ltd SRF0.842.6Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

0.5
0.9
2.1
2.8
1.1

Navin Fluorine International Ltd · NAVINFLUOR

2.1
5.7
5.3
2.8
1.4
1.8
1.6

SRF Ltd · SRF

1.2
1.2
0.6
0.8
0.6
1.0
2.2
8.5
4.1
6.9
6.6
0.8

P/E · reported quarter history

Gujarat Fluorochemicals Ltd · FLUOROCHEM

-3,138.9
39.1
47.0
37.7
46.1
31.2
27.2
24.2
27.4
44.4
51.1
80.6
138.1
117.9
96.9
71.5
65.0
58.6
50.5

Navin Fluorine International Ltd · NAVINFLUOR

78.1
85.4
77.9
68.2
79.0
73.0
67.4
59.5
51.5
52.3
52.4
77.5
77.9
75.9
79.1
83.0
64.0
65.2
54.5

SRF Ltd · SRF

45.8
48.3
46.5
35.7
35.3
30.9
32.4
31.4
34.8
42.4
51.4
54.2
59.4
59.4
76.0
75.3
66.6
73.6
59.2
42.6
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Chemicals - Flourine comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 4 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • 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.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 Chemicals - Flourine companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 1 unverified · 0 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Chemicals - Flourine company comparison FAQs

These 23 answers restate the Chemicals - Flourine comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Chemicals - Flourine sector outperforming NIFTY 500?

Chemicals - Flourine has outperformed NIFTY 500 by 18.9% over 52 weeks and 10.8% 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 80.7/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Chemicals - Flourine company has the lowest comparable PEG?

SRF Ltd has the lowest comparable PEG at 0.81, among 3 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Chemicals - Flourine comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 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 PEG — where a LOWER number is cheaper — SRF Ltd screens cheapest at 0.81×. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Chemicals - Flourine sector beating the market?

Chemicals - Flourine has outperformed NIFTY 500 by 18.9% over the last 52 weeks and 10.8% 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?

Navin Fluorine International 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 80.7 out of 100 with 92.6% evidence confidence, from 32.8 points on growth and earnings, 24.1 on capital efficiency, 9.8 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, 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 ₹1,64,532 crore of combined market value. SRF Ltd is the largest at ₹77,737 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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 18.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI