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Stallion India Fluorochemicals Ltd (STALLION)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544342 NSE: STALLION Industrial Gases & Fuels | Small Cap | Stallion India Fluor Share Price

₹185.45 3.15 (1.73%)

As on 02-Jul'26 16:59

Stallion India Fluorochemicals Ltd (STALLION)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544342 NSE: STALLION Industrial Gases & Fuels | Small Cap | Stallion India Fluor Share Price

₹185.45 3.15 (1.73%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,153 Cr.
Current Price
₹185.5
52-Week Low / High
₹71 / 361
TTM EPS
₹3.8
TTM Sales
₹431 Cr.
Book Value per Share
₹58.7
P/E Ratio
49.10
Higher than its 5-year historical median
Industry PE
26.4
Price to Book (P/B)
3.16
Higher than its 5-year historical median
Price to Sales (P/S)
5.00
Higher than its 5-year historical median
EV/EBITDA
28.58
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.17%
Outperforms industry median
Return on Capital Employed (ROCE)
19.67%
Outperforms industry median
Return on Assets (ROA)
11.97%
Operating Profit Margin
12.6%
Net Profit Margin
8.56%
Gross Profit Margin
11.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
61.83%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
100%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
108.99%
Asset Quality
Promoter Holding
47.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹565 Cr.
Equity
₹116.1 Cr.
Face Value
₹10
All Time Low / High
₹50.94 / 360.70

Stallion India Fluorochemicals stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Stallion India Fluorochemicals Ltd a good quality company?
Stallion India Fluorochemicals Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Stallion India Fluorochemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Stallion India Fluorochemicals Ltd vs industry peers?
Stallion India Fluorochemicals Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 1.69%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Stallion India Fluorochemicals Ltd?
Promoters hold 47.80% of the Stallion India Fluorochemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Stallion India Fluorochemicals Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 162.77% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Stallion India Fluorochemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 28%55.5%18.5%18.4%19.7%-
Value Creation
Index
1.03.00.30.30.4-

Growth Parameters

Sales 118186226233377431
Sales YoY Gr.-57.6%21.3%3.4%61.8%-
Adj EPS 1.43.31.92.23.33.8
YoY Gr.-138.7%-41%11.9%54.2%-
BVPS (₹) 6.29.410.917.332.358.7
Adj Net
Profit
8.921.212.515.63144
Cash Flow from Ops. -8.48-2.8-73.5-13.4-
Debt/CF from Ops. -1.20.3-6.5-0.9-0.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA26.6%61.8%
Adj EPS NANA0.6%54.2%
BVPSNANA50.7%86.1%
Share Price - - - 154.6%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.242.1191614.68.3
Op. Profit
Mgn %
11.717.68.410.312.613.8
Net Profit
Mgn %
7.511.45.56.78.210.2
Debt to
Equity
0.200.30.500
Working Cap
Days
0205151220202203
Cash Conv.
Cycle
04980168164184

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales118186226233377
Operating Expenses + 104153210209330
Manufacturing Costs55101111
Material Costs93139190187287
Employee Cost 11129
Other Costs 5891023
Operating Profit 1433152448
Operating Profit Margin (%) 11.7%17.5%6.7%10.2%12.6%
Other Income + 10132
Exceptional Items 00000
Interest 01146
Depreciation 12211
Profit Before Tax 1330132242
Tax 493610
Profit After Tax 1021101532
PAT Margin (%) 8.4%11.4%4.3%6.6%8.6%
Adjusted EPS (₹)1.53.31.52.13.5
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Stallion India Fluor - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 406171125301
Share Capital 1212556179
Reserves 28491664222
Debt +10218652
Long Term Debt00000
Short Term Debt10218652
Minority Interest00000
Trade Payables1002924421
Others Liabilities 4625913
Total Liabilities 15398137203337

Fixed Assets

Net Fixed Assets +1918141417
Gross Block2021171923
Accumulated Depreciation13357
CWIP 00000
Investments 00000
Inventories32434291101
Trade Receivables91284271106
Cash Equivalents 32151775
Others Assets 86241039
Total Assets 15398137203337

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -88-3-73-13
PBT 1330132242
Adjustment 22759
Changes in Working Capital -19-18-12-95-49
Tax Paid -4-6-11-5-16
Cash Flow From Investing Activity + -2-1-1312-20
Capex -1-10-2-5
Net Investments -10-1413-15
Others 00010
Cash Flow From Financing Activity + 12-8167676
Net Proceeds from Shares 00032143
Net Proceeds from Borrowing 00000
Interest Paid -0-1-1-3-4
Dividend Paid 00000
Others 12-81647-63
Net Cash Flow 2-1-11543

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)24.6641.8114.815.7915.17
ROCE (%)28.0455.4718.518.4119.67
Asset Turnover Ratio0.771.481.921.371.4
PAT to CFO Conversion(x)-0.80.38-0.3-4.87-0.41
Working Capital Days
Receivable Days281.60117.3057.4088.8085.40
Inventory Days100.5074.2068.50103.7092.70
Payable Days393.90168.7050.802715.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Stallion India Fluorochemicals Ltd FAQs

The current trading price of Stallion India Fluor on 02-Jul-2026 16:59 is ₹185.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Stallion India Fluor stood at ₹2,152.8 Cr

The latest P/E ratio of Stallion India Fluor as of 01-Jul-2026 is 49.10.

The latest P/B ratio of Stallion India Fluor as of 01-Jul-2026 is 3.16.

The 52-week high of Stallion India Fluor is ₹360.7 and the 52-week low is ₹71.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Stallion India Fluor is ₹431 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Stallion India Fluorochemicals Ltd is a average quality company.

The key valuation ratios of Stallion India Fluorochemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Stallion India Fluorochemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Stallion India Fluorochemicals Ltd

Stallion India Fluorochemicals Limited was incorporated as Stallion India Fluorochemicals Private Limited, a private limited company, at Mumbai under the Companies Act, 1956 on September 05, 2002, and was granted the certificate of incorporation by the RoC. Subsequently, the name of the Company was changed to Stallion India Fluorochemicals Limited pursuant to a special resolution passed by the shareholders of the Company on August 07, 2023, and a fresh certificate of incorporation dated October 05, 2023 was issued by the RoC consequent upon change of name upon conversion into a public limited company under the Companies Act, 2013.

The company, commonly known as Stallion, is a Mumbai-based company incorporated on September 05, 2002 in Mumbai by Shazad Sheriar Rustomji, who currently serves It is into the business of selling Refrigerant and Industrial Gases and related products. Its primary business consists of debulking, blending and processing of Refrigerant and Industrial gases, selling of pre filled cans and small Cylinders/ Containers. Its gases find application in various industries/segments such as Air conditioners & Refrigerators, Fire Fighting, Semiconductor manufacturing, Automobile Manufacturing, Pharma and Medicals, Glass bottle manufacturing, Aerosols and Spay foam. With decades of experience in Fluorochemicals debulking bottling & distribution, it specializes in refrigerants gases by blending two or more gases to create new formulations.

Business area of the company

The company is primarily engaged in the business of manufacture of industrial gases.

History and milestones

  • 1992: Stallion Enterprises started operations in 1992. 
  • 1998: Stallion established its first standalone HFC debulking /bottling facility in India in 1998 at its Panvel facility outside Mumbai.
  • 2002: Stallion started operations at its North India de-bulking /bottling facility at Manesar, Gurgaon in 2002 to support just in time supplies for its customers in the NCR region.
  • 2002: Stallion India Fluorochemicals Private Limited is incorporated.
  • 2006: Stallion and Honeywell enters into agreement to jointly market and distribute Honeywell’s HFC’s, Fluorines and Refrigerant Specialities in India.
  • 2009: Stallion initiated work to help Indian Navy retrofit existing vessels from CFC’s to alternate HCFC blends.
  • 2010: Stallion Introduces and starts testing of the next generation HMPE ropes with the Indian Navy and initiates the yearlong No cost No commitment trials.
  • 2013: Stallion sets up a wholly new Flammable gas debulking and refilling Plant at its Khalapur facility in Maharashtra for all the hydrocarbon, HFC and next generation HFO gas.
  • 2016: Stallion Starts commercial supplies of HFO-1234yf to auto OEM’s in India to help Indian auto OEM’s meet the European F gas regulations for their exports to Europe.
  • 2016: Stallion enters into an agreement with Daikin Japan and Daikin Appliances India Pvt. Ltd. To be the sourcing and Logistic partner to allow successfully HFC-32 to be commercially available for the AC&R Industry in India.
  • 2016: Stallion Starts Commercial supplies of Isobutane, from its Khalapur plant, for refrigerator OEM’s in India to support the HFC phase out and meet the strict Energy Emission norms.
  • 2017: Stallion Introduces and promotes the next generation Solstice HFO Refrigerants under agreement with Honeywell in India.
  • 2018: Stallion expands its Khalapur facility to a second plant and starts blending facility for Refrigerant Blends.
  • 2020: Stallion Starts its new facility at Ghiloth, Rajasthan for Refrigerants and Flammable gases to supplement its Manesar Plant and to meet the growing demand in North India.
  • 2023: Stallion India Fluorochemicals Private Limited goes Public Limited.
  • 2023: Stallion India Fluorochemicals Limited, takes over Stallion Enterprises in a Slump Sale.

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