Stallion India Fluorochemicals Limited
NSE: STALLIONIndustrial GasesTrade-to-trade true
Share price
₹214.43
-2.36% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
53
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,487 Cr
P/E ratio
47.8
P/B ratio
3.7
ROCE
11.8%
ROE
9.0%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 11.3% a year against a sector median of 10.2% — 1.2 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 56%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Stallion India Fluorochemicals Limited — this one | 56%/yr | 47.8× | ₹0.85 |
| Solar Industries India Limited | 30%/yr | 90.4× | ₹3.0 |
| Pidilite Industries | 25%/yr | 57.1× | ₹2.3 |
| SRF Limited | -4%/yr | 33.4× | — |
| Linde India Limited | 1%/yr | 93.3× | ₹93.3 |
| Coromandel International Limited | -1%/yr | 27.4× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies across the whole Chemicals sector, it ranks 90 of 182 on returns, 73 of 175 on growth, 73 of 182 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 11.8% on capital, ahead of 51% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹42 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 6 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 82 days for its cash to waiting 145 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 10 checks clear · 80%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue rose 10.4% from the previous quarter and net profit rose 68.9% in Q1 FY27.
Announced 12 Aug 2026 · Standalone · Unaudited
Revenue
₹121 Cr
Revenue vs last year
+10.4%
Revenue vs last quarter
+10.4%
Net profit
₹19 Cr
Profit vs last year
+85.8%
Profit vs last quarter
+68.9%
Net margin
15.3%
EPS
₹1.60
Earnings call transcript · 17 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,487 Cr
- Prev close
- ₹214.43
- 52w High
- ₹424
- 52w Low
- ₹99.3
- Enterprise value
- ₹2,088 Cr
- Beta
- 1.6
- Price CAGR 1y
- -13.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 6.0%
- PEG ratio
- 0.9
- P/E ratio
- 47.8
- P/B ratio
- 3.7
- EV / EBITDA
- 31.6
- Industry P/E
- 22.2
- ROCE
- 11.8%
- ROCE 5y average
- 25.4%
- ROE
- 9.0%
- Debt / Equity
- 0.0
- Interest coverage
- 60.0
- Dividend yield
- 0.0%
- ROE 3y average
- 11.0%
- ROE last year
- 9.0%
Annual P&L
- Annual revenue
- ₹431 Cr
- Annual profit
- ₹44 Cr
- Operating margin
- 13.0%
- Net profit margin
- 10.2%
- EBITDA margin
- 13.5%
- Sales growth 3y
- 24.0%
- Sales growth 5y
- 29.6%
- Profit growth 3y
- 56.0%
- Profit growth 5y
- 35.0%
- EPS
- ₹3.8
- Sales growth TTM
- 6.0%
- Profit growth TTM
- 52.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹121 Cr
- Profit latest quarter
- ₹19 Cr
- YoY quarterly sales growth
- 9.9%
- YoY quarterly profit growth
- 90.0%
- OPM latest quarter
- 18.1%
Balance Sheet
- Book Value
- ₹58.7
- Face Value
- ₹10.0
- Total debt
- ₹34 Cr
- Total cash
- ₹434 Cr
- Borrowings
- ₹34 Cr
- Reserves / Equity
- 4.9
Cash Flow
- Operating cash flow
- ₹39 Cr
- Free cash flow
- -₹10 Cr
- FCF yield
- -0.4%
- Net cash flow
- ₹154 Cr
Shareholding
- Promoter holding
- 47.8%
- FII holding
- 0.8%
- DII holding
- 1.5%
- Public holding
- 49.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Linde India | 6,041.75 | 93.9 | 51,524 | 0.07 | 103.0 | -1.9 | 694.4 | 21.6 | 18.2 |
| Ellen.Indl.Gas | 351.95 | 41.1 | 4,960 | 0.00 | 35.0 | 86.8 | 98.7 | 18.0 | 14.5 |
| Steamhouse India | 121.20 | 71.6 | 3,350 | 0.00 | 18.3 | 80.3 | 128.6 | 13.3 | 16.0 |
| Stallion India | 219.95 | 49.1 | 2,553 | 0.00 | 18.6 | 79.3 | 121.5 | 9.9 | 11.8 |
| Hilltone Softwar | 37.42 | 49 | 0.00 | -0.8 | -333.3 | 1.6 | -32.5 | 0.8 | |
| Natl. Oxygen | 56.00 | 28 | 0.00 | -2.0 | -7.5 | 3.1 | -59.8 | -21.5 | |
| Bhagawati Gas | 12.92 | 21.4 | 22 | 0.00 | -0.3 | 7.1 | 0.0 | -88.9 | 6.1 |
| Median | 285.95 | 60.3 | 4,155 | 0.00 | 26.8 | 79.8 | 125.0 | 15.7 | 15.2 |
Competes with: Ellenbarrie Industrial Gases Limited, Linde India Limited, Refex Industries Limited, Steamhouse India Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 68 | 85 | 152 | 110 | 106 | 105 | 110 | 121 |
| Expenses | 61 | 66 | 71 | 133 | 96 | 90 | 93 | 94 | 99 |
| Material Cost | 101 | 95 | 79 | 94 | 101 | 76 | |||
| Change in Inventories | 18 | -7.39 | 4.80 | -7.72 | -14 | 17 | |||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Employee Cost | 5.50 | 2.25 | 2.35 | 2.44 | 2.44 | 2.39 | |||
| Other Expenses | 8.31 | 6.06 | 3.59 | 2.93 | 3.93 | 4.40 | |||
| Operating Profit | 12 | 2 | 14 | 19 | 14 | 16 | 12 | 16 | 22 |
| OPM % | 17 | 2.86 | 17 | 12 | 13 | 15 | 11 | 15 | 18 |
| Other Income | 0 | 0 | 0 | 2 | 0 | 0 | 2 | 1 | 3 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest | 1 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit before tax | 11 | 1 | 12 | 18 | 14 | 15 | 13 | 17 | 25 |
| Tax % | 26 | -56 | 20 | 27 | 25 | 25 | 16 | 34 | 25 |
| Net Profit | 8 | 1 | 10 | 13 | 10 | 11 | 11 | 11 | 19 |
| EPS in Rs | 0.94 | 0.09 | 1.09 | 1.14 | 0.89 | 0.98 | 0.96 | 0.94 | 1.60 |
| Diluted EPS in Rs | 1.76 | 1.31 | 1.42 | 1.40 | 1.33 | 1.60 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 118 | 186 | 226 | 233 | 377 | 431 | 442 |
| Expenses | 104 | 153 | 208 | 209 | 330 | 373 | 376 |
| Material Cost | 293 | 369 | |||||
| Change in Inventories | -5.68 | -24 | |||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||
| Employee Cost | 8.60 | 9.48 | |||||
| Other Expenses | 34 | 18 | |||||
| Operating Profit | 14 | 33 | 18 | 24 | 48 | 58 | 66 |
| OPM % | 12 | 18 | 8 | 10 | 13 | 13 | 15 |
| Other Income | 1 | 0 | -2 | 3 | 2 | 3 | 7 |
| Exceptional items (within Other Income) | 0 | 0 | |||||
| Interest | 0 | 1 | 1 | 4 | 6.15 | 0.89 | 1 |
| Depreciation | 1 | 2 | 2 | 1.11 | 1.17 | 1.48 | 2 |
| Profit before tax | 13 | 30 | 13 | 22 | 42 | 59 | 70 |
| Tax % | 27 | 30 | 25 | 28 | 24 | 26 | |
| Net Profit | 10 | 21 | 10 | 15 | 32 | 44 | 52 |
| EPS in Rs | 5.50 | 12 | 1.21 | 1.72 | 2.78 | 3.78 | 4.48 |
| Diluted EPS in Rs | 4.98 | 5.34 | |||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 30%
- 3 years
- 24%
- TTM
- 6%
Compounded profit growth
- 10 years
- —
- 5 years
- 35%
- 3 years
- 56%
- TTM
- 52%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- -13%
Return on equity
- 10 years
- —
- 5 years
- 14%
- 3 years
- 11%
- Last year
- 9%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 55 | 61 | 79 | 116 |
| Reserves | 28 | 49 | 16 | 64 | 222 | 565 |
| Borrowings | 10 | 2 | 18 | 65 | 2 | 34 |
| Other Liabilities | 104 | 35 | 37 | 9 | 27 | 22 |
| Total Liabilities | 153 | 98 | 126 | 200 | 331 | 737 |
| Fixed Assets | 19 | 18 | 13 | 14 | 17 | 31 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 35 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 134 | 80 | 113 | 186 | 313 | 671 |
| Total Assets | 153 | 98 | 126 | 200 | 331 | 737 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -8 | 8 | -3 | -73 | -13 | 39 |
| Cash from Investing Activity | -2 | -1 | -13 | 12 | -20 | -253 |
| Cash from Financing Activity | 12 | -8 | 16 | 76 | 76 | 367 |
| Net Cash Flow | 2 | -1 | -1 | 15 | 43 | 154 |
| Free Cash Flow | -10 | 7 | -3 | -75 | -18 | -10 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 282 | 56 | 69 | 111 | 102 | 66 |
| Inventory Days | 128 | 113 | 80 | 178 | 128 | 134 |
| Days Payable | 394 | 76 | 46 | 7 | 27 | 19 |
| Cash Conversion Cycle | 16 | 93 | 103 | 282 | 203 | 180 |
| Working Capital Days | 57 | 82 | 62 | 147 | 196 | 145 |
| ROCE % | 55 | 22 | 18 | 20 | 12 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-400inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Stallion India Fluorochemicals Limited. Open one to see why it matters.
20 Sept, 18:05 IST · Company event · medium impact
Stallion India Fluorochemicals Limited — Commencement of commercial production/operations at Semiconductor & Specialty Gas debulking & blending facility at Khalapur, Maharashtra.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- anhydrous hydrofluoric acid (AHF)
- helium and specialty gases (SF6, R-23, R-227ea)
- imported bulk HFC refrigerant gases (R-32, R-125, R-134a, R-410A, R-404A etc.)
Sells to
- Amber Enterprises India Limited · Refrigerant gases for room AC OEM/ODM manufacturing
- Blue Star Limited · Refrigerant gases for HVAC/R applications
- LG Electronics India Limited · Refrigerant gases for air-conditioners and refrigerators
- Voltas Limited · Refrigerant gases for room AC and HVAC/R applications
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Chemicals
- Industry
- Industrial Gases
- Classification
- Chemicals › Industrial Gases
- ISIN
- INE0RYC01010
Plants
- Stallion Bhilwara R-32 plant
- Stallion Ghiloth facility
- Stallion Khalapur facility
- Stallion Manesar facility
- Stallion Mumbattu facility
- Stallion Panvel facility
News impact
Big market events that reach Stallion India Fluorochemicals Limited, and how the effect spreads.
29 Sept, 12:10 IST · Market event · high impact
Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL
Ellenbarrie Industrial Gases won a Rs 481 crore BHEL order to build a big air-separation gas plant over two years, lifting its own outlook while rival gas makers face a mixed read-through.
Who it hits first
- Ellenbarrie Industrial Gases, a maker of industrial gases, won a Rs 481 crore turnkey order (design plus build, handed over ready to run) from BHEL, the power-equipment maker, to build a 1,200-tonne-per-day cryogenic Air Separation Unit, a plant that splits air into oxygen, nitrogen and other gases.
- The unit serves BHEL's Coal to Ammonium Nitrate project, will be built over eight quarters (two years), and is expected to start running in FY29.
- Ellenbarrie shares rose 5.1% on the news as investors priced in two years of confirmed project work.
- BHEL, the buyer, has no fundamentals row in this pack, so no signal is given for it.
Who may gain
- Ellenbarrie Industrial Gases — the Rs 481 crore BHEL order adds two years of project revenue and a marquee reference in India's coal gasification push.
- BHEL — locks in a dedicated builder for a key gas plant in its coal-to-chemicals project, de-risking its FY29 start-up plan.
- Ellenbarrie shareholders — the 5.1% jump reflects the market's welcome for the confirmed order book.
Along the supply chain
Downstream
Once running in FY29, the unit feeds oxygen and nitrogen into BHEL's coal-to-ammonium-nitrate chain; Ellenbarrie's current gas customers in drugs, paper and chemicals see no change to their own supply from this construction order.
Upstream
Building the plant needs compressors, cold boxes, steel and site labour, which can trickle into sub-orders for equipment vendors, though the pack names no supplier of Ellenbarrie for this job.
Where demand moves
Business
Real business flows one way: BHEL will pay Ellenbarrie Rs 481 crore over eight quarters to design and build the gas plant, lifting Ellenbarrie's order book and project billing; none of that spending reaches rival gas makers or Ellenbarrie's existing gas buyers.
Capital
Investor money rotated into Ellenbarrie shares, up 5.1% on the announcement, while rival gas-maker shares get sentiment read-through only, with no direct capital flow behind it.
How it spreads across sectors
Capital Goods
Mildly positive: BHEL converting its coal-to-chemicals plan into equipment orders signals a live project pipeline for heavy-equipment builders.
Chemicals
Positive read-through: a Rs 481 crore gas-plant order underlines demand for industrial gases and coal-gasification kit, supporting sentiment for gas makers such as Linde India.
When it plays out
Immediate
Ellenbarrie shares digest the 5.1% jump over 1-7 days as traders react to the confirmed Rs 481 crore order; rival gas makers trade sideways on sentiment.
Medium term
Over 1-6 months Ellenbarrie ramps up the eight-quarter build with milestone billing supporting revenue, while the FY29 start-up stays the real test.
Short term
Over 1-4 weeks attention turns to the order's fine print, payment milestones and margins, plus any further BHEL packages for equipment makers.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 2 rows from NSE's archive (replace 1, delete 1, insert 0), 2025-03-18..2026-01-15 (docs/flat_day_repair.md)1× · 18 Mar 2025
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 22 Jul 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 7,01,855 | ₹246.08 |
| 22 Jul 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 6,96,710 | ₹246.30 |
| 22 Jul 2026 | QE SECURITIES LLP | SELL | 6,18,161 | ₹245.80 |
| 22 Jul 2026 | QE SECURITIES LLP | BUY | 5,95,617 | ₹246.25 |
| 21 Jul 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 13,18,972 | ₹242.38 |
| 21 Jul 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 13,18,972 | ₹242.20 |
| 21 Jul 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 11,78,643 | ₹240.61 |
| 21 Jul 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 11,71,155 | ₹240.73 |
| 21 Jul 2026 | QE SECURITIES LLP | SELL | 9,11,086 | ₹238.10 |
| 21 Jul 2026 | QE SECURITIES LLP | BUY | 8,83,984 | ₹237.44 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2629 Aug 2026
- Earnings call · Q1FY2717 Aug 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2618 May 2026
- Earnings call · Q3FY263 Feb 2026
- Annual report · 2024-2524 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.