The engine is the ramp-up of the CDMO partnership and HPP contractual offtake; order visibility is building, though the latest print only held steady after an earlier surge.
Overall read
6.5/10
Priced ahead of it
The three reads · this quarter
The engine is the ramp-up of the CDMO partnership and HPP contractual offtake; order visibility is building, though the latest print only held steady after an earlier surge.
Overall read
6.5/10
Priced ahead of it
The three reads · this quarter
The standing reads · change less often
Moat
Moderate edge
Real fluorine process + customer-validation moat; FY24-FY25 ROCE dip blocks WIDE, but FY25-FY26 source stack is concretely above WEAK.
Key variables
5 tracked
lead: CDMO Order Book VisibilityIncreasing order visibility indicates strong demand and customer confidence, supporting sustained growth.
Walk the talk
Reliable
as of Q4 FY26R32 capacity expansion to double HFC capacity, with 35-45% contracted for 5 years, driving revenue visibility.
Latest · newest first
1w ago · Credit Rating
Crisil ESG assigned ESG rating of 62 and Core ESG rating of 66
2w ago · Credit Rating
CARE upgraded long-term rating to AA+ from AA; outlook Stable
4w ago · Partnerships
Agreement signed with DRDO, Ministry of Defence.
4w ago · M&A / Investment
Update on acquisition.
20 Jul 2026 · Fundraising
Allotted equity shares under ESOP schemes 2007 and 2017.
3 of 3 guidance items delivered on time
Where it sits