NSE: ALUFLUOR · BSE: 524634
ALUFLUORIDE LTD.
Manufactures Aluminium Fluoride at a single Visakhapatnam plant, using Hydrofluosilicic Acid (also called Silicic Acid) as the key raw material in an inorganic chemicals process. Operates as a single-segment inorganic chemicals producer and reported FY26 revenue of ₹208.764 crore with net profit of ₹25.1345 crore. Materials form the largest cost line at 48.8% of revenue, followed by other operating expenses at 21.8% and employee costs at 5.1%. Capex ran at 8.5% of revenue and depreciation at 4.6%, reflecting an asset-heavy but moderate reinvestment cycle. FY26 supply of Hydrofluosilicic Acid was disrupted by the Middle East conflict, temporarily forcing reduced plant operations until stocks depleted around June 2026. The company also maintains a wholly-owned foreign subsidiary, Alufluoride International Pte Ltd, in Singapore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Inorganic chemicals (Aluminium Fluoride). Single-product, single-plant inorganic chemicals producer — asset-heavy with cyclical raw-material exposure.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 88 | 136 | 162 | 189 | 209 |
| EBITDA (ex other income) | 13 | 27 | 31 | 34 | 45 |
| margin % | 15.2 | 19.7 | 19.0 | 17.8 | 21.5 |
| Owners' profit | 0 | 13 | 18 | 18 | 25 |
| EPS, as reported (₹) | 4.50 | 16.39 | 22.59 | 23.13 | 32.14 |
| ROE % · ROCE % | 6.3 · 9.3 | 18.4 · 21.8 | 20.6 · 25.5 | 17.8 · 20.0 | 20.0 · 22.1 |
| Debt / equity (x) | 0.40 | 0.34 | 0.19 | 0.22 | 0.30 |
| Cash from operations | 4 | 20 | 35 | 13 | 47 |
| Capex | (37) | (15) | (8) | (10) | (18) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 53 | 48 | 54 | 44 | 55 | 58 | 52 |
| Profit before tax | 5 | 8 | 8 | 3 | 4 | 11 | 12 | 6 |
| Net profit | 4 | 7 | 6 | 2 | 3 | 8 | 9 | 5 |
| EPS (₹) | 4.86 | 17.02 | 7.74 | 1.92 | 3.97 | 10.14 | 12.06 | 5.97 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CHEMICALS LTD | 15,351 | — | 0.69 | 139.2 | (7.7) | (5.0) | 7.4 | 14.4 |
| DEEPAK FERTILIZERS & PETR | 14,679 | 14.9 | 1.97 | 11.1 | 9.9 | 8.4 | 14.6 | 26.1 |
| GUJ NAR VAL FER & CHEM L | 7,529 | 7.3 | 0.83 | 5.4 | 8.9 | 10.3 | 8.7 | 22.1 |
| TANFAC INDUSTRIES LTD. | 6,923 | 56.6 | 18.55 | — | 18.8 | 24.3 | — | 16.0 |
| GUJARAT ALKALIES & CHEM | 4,105 | 61.8 | 0.79 | 8.7 | (0.0) | 0.7 | 12.4 | 18.4 |
| GHCL LIMITED | 3,565 | 7.8 | 1.00 | 4.7 | 13.3 | 16.6 | 1.1 | 23.9 |
| GRAUER & WEIL IND LTD | 3,543 | 21.6 | 3.28 | 14.4 | 15.2 | 19.2 | 14.5 | 20.4 |
| J.G.CHEMICALS LIMITED | 2,179 | 29.0 | 4.03 | 22.2 | 12.7 | 16.9 | — | 11.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.2 | 17.4 | 25 of 50 | 51% |
| P/B | 3.5 | 1.4 | 47 of 60 | 22% |
| ROCE | 20.5 | 6.0 | 7 of 62 | 90% |
| ROE | 20.0 | 5.0 | 7 of 60 | 90% |
| Debt / Equity | 0.3 | 0.2 | 36 of 60 | 41% |
| EBITDA margin | 17.9 | 13.3 | 16 of 58 | 74% |
| Revenue growth | (4.5) | 6.7 | 41 of 54 | 25% |
| Profit growth | 210.3 | 21.0 | 11 of 64 | 84% |
| Market cap | 433 | 98 | 21 of 66 | 69% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · RTA confirmation certificate for Q2 FY26 under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 25 Aug 2026 · Postal Ballot Result: Independent Director Continuance Approved | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Postal Ballot Results - Director Continuance Approved | board shareholder meetings | medium | — | — |
| 17 Aug 2026 · Alufluoride shares now permitted to trade on NSE from August 17 | capital market events | high | — | — |
| 11 Aug 2026 · Q1 FY27 results - Revenue drops about 40 percent on raw material supply issues | results | high | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue down sharply on raw material disruption | results | high | — | — |
| 6 Aug 2026 · Board Meeting on 11 Aug 2026 to Consider Q1 FY27 Results | results | low | — | — |
| 24 Jul 2026 · Postal Ballot Notice - Continuation of Independent Director aged 75 | board shareholder meetings | low | — | — |
| 22 Jul 2026 · Board seeks shareholder nod for independent director beyond 75 years | management changes | medium | — | — |
| 17 Jul 2026 · AGM 2026 Results: All 6 Resolutions Passed with 99.99% Approval | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.