Fluorine Chemical Stocks and Companies in India

The largest Fluorine Chemical stocks in India by market value are SRF (₹72,932 crore), Gujarat Fluorochemicals (₹51,255 crore) and Navin Fluorine International (₹46,235 crore), at prices of 6 Nov 2026.

• SRF: ₹2,460.40 | market value ₹72,932 crore | P/E 30.9
• Gujarat Fluorochemicals: ₹4,665.50 | market value ₹51,255 crore | P/E 75.2
• Navin Fluorine International: ₹9,010 | market value ₹46,235 crore | P/E 50.4

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.

All 4 listed Indian Chemicals - Flourine companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Chemicals - Flourine index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. SRF Ltd₹69,200 cr
2. Gujarat Fluorochemicals Ltd₹51,700 cr
3. Navin Fluorine International Ltd₹45,400 cr
4. Wadala Commodities Ltd(Merged)—

3 Fluorine Chemical companies in the Chemicals - Flourine industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 3 are listed below, largest first. The largest is SRF (₹69,230 crore) and the smallest with a market value is Navin Fluorine International.

Download all 3 Fluorine Chemical companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 51% ahead of NIFTY 500. Earnings across its companies grew 49% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 29 weeks running.

Price and the fundamentals both up. 1 of the 3 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 29 weeks running; 2 of the 3 companies in the industry index above their 200-day average (no change from four weeks earlier); 1 of those 3 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 2 of the 3 that report earnings.

Participation is shrinking, 2 → 1 of 3 over four weeks, after being ahead of NIFTY 500. Price-only fade, 2 of 3 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 3 of its 4 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Chemicals - Flourine has done better than the NIFTY 500 by 22.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 8.5%. Navin Fluorine International Ltd is the strongest against the sector itself at +15.7%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 5.3 as of 30 October 2026 (consolidation, falling).

Chemicals - Flourine has done better than the NIFTY 500 by 22.5% over 52 weeks and by 8.5% over 13 weeks. 1 of 4 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 2 of the 3 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Navin Fluorine International Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.

Ranked last: too little evidence (1 company)

Under 60% of the evidence behind this score is available, so it ranks after every company above, whatever the score.

Navin Fluorine International Ltd has the strongest one-year price move in Chemicals - Flourine at +52.6%. It also leads on relative strength against the NIFTY, at +30.1%. 2 of 4 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Chemicals - Flourine itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A genuine earnings recovery near the top of a long sideways range, with a possible second leg still needing price confirmation. In the week of 5 October 2026, 66.7% of 3 Chemicals - Flourine companies were beating the Nifty 500, against 66.7% on 25 May 2026.

Chemicals - Flourine is one of the Top 25 sectors in our latest review.

From our industry review of 10 October 2026.

Better use of factories and higher-value products support the recovery across the three covered companies. Customer approvals and new products offer further growth, but some projects have slipped and Gujarat Fluorochemicals gives conflicting explanations for future growth. The improvement is real; its lasting strength is less certain.

From our industry review of 10 October 2026.

2 of 3 Chemicals - Flourine companies held a results call for July to September 2026. Navin Fluorine International guided: FY27 CDMO revenue $100 million within striking distance on order-book visibility.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹3,992 crore in the last 12 months, 28% more than a year before.
• Projects still being built grew 44% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Chemicals - Flourine companies, in percentage points.

Ownership and spending as of 10 October 2026.

The next things that show whether the Chemicals - Flourine story is on course. First: SRF's next results: whether chemicals grow despite seasonal refrigerant moderation and whether exceptional film margins normalize as guided.

• Navin Fluorine's Chemours project: evidence of completion against the revised end-July to September 2026 goal and initial commercial sales.
• Navin Fluorine's October to December 2026 refrigerant capacity and factory debottlenecking milestones.
• Gujarat Fluorochemicals' customer approvals and H2 FY27 commercial volumes: reconcile the conflicting price-only versus volume-and-mix growth explanations.
• Gujarat Fluorochemicals' battery-material revenue goal for January to March 2027 and replacement funding for the India project.
• A sustained price breakout beyond the long range while relative performance remains positive.

What would change the story

The next sector results show profit falling year on year together with a lower operating-profit margin, despite the promised capacity and product ramps; that would break the earnings-recovery call.

From our industry review of 10 October 2026.

SRF Ltd has the highest Revenue among the 4 Chemicals - Flourine companies compared here, at ₹18,265 crore. Gujarat Fluorochemicals Ltd is next at ₹5,853 crore. Navin Fluorine International Ltd has the highest Revenue growth at 45.7%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: SRF Ltd is the largest at ₹18,265 crore, 212.1% ahead of Gujarat Fluorochemicals Ltd. Navin Fluorine International Ltd's growth is 45.7% from a ₹4,066 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: SRF Ltd is the size to compare against; Navin Fluorine International Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Navin Fluorine International Ltd has the highest OPM among the 4 Chemicals - Flourine companies compared here, at 34%. Gujarat Fluorochemicals Ltd is next at 27%. The same company also has the highest Margin change, at +2 percentage points. 3 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Navin Fluorine International Ltd leads both opm at 34% and margin change at +2 percentage points.

What this means: Navin Fluorine International Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

SRF Ltd has the highest Net profit among the 4 Chemicals - Flourine companies compared here, at ₹2,283 crore. Navin Fluorine International Ltd is next at ₹910 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 earns the most, ₹2,283 crore of profit over the last 12 months, 150.9% above Navin Fluorine International Ltd. Navin Fluorine International Ltd shows at least 100% on the scoring scale (105% in full) growth from a profit base of ₹910 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: SRF Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

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 has the highest ROCE change, at +7.9 percentage points. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Navin Fluorine International Ltd leads ROCE at 21%, 6.4 percentage points above SRF Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Navin Fluorine International Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

SRF Ltd has the lowest PEG among the 4 Chemicals - Flourine companies compared here, at 0.59×. Navin Fluorine International Ltd is next at 1.63×. The same company also has the lowest P/E, at 29.3×. 2 of 4 companies report a comparable reading, the latest through Sep 2026. Its PEG series carries 11 reported observations across the 20-quarter window.

What the numbers say: SRF Ltd has the lowest comparable PEG at 0.59×, 63.8% below Navin Fluorine International Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Chemicals - Flourine companies show up on 3 of our India lists. The most are on the small & mid cap stocks list (3 companies).

This Chemicals - Flourine comparison names 6 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. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• 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: Valuation have fewer than three usable current readings.

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 Sep 2026 and market data through 30 October 2026.

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

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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.