Stallion India Fluorochemicals Limited

listedRefreshing

NSE · Source: NSE

DRHP2 Sept 2026completed
RHP20 Aug 2026completed
Price band20 Aug 2026completed
Opened16 Jan 2025completed
Closed20 Jan 2025completed
Allotteddate not on filereached, date not recorded
Listed23 Jan 2025completed

Price band

₹85–₹90

Issue size

₹199.45 Cr

Fresh issue

₹160.73 Cr

Offer for sale

₹38.72 Cr

What the company does

Business model: The Company sells refrigerant gases, industrial gases and related products. Its primary activities are debulking, blending and processing refrigerant and industrial gases and selling pre-filled cans. (p.138)
Revenue drivers: Sale of Gases & Other Related Products contributed 99.98%, 99.95%, 99.84% and 99.90% of revenue from operations for the six months ended September 30, 2023 and Fiscals 2023, 2022 and 2021, respectively. Refrigerant sales were ₹7,946.33 lakhs, ₹18,848.57 lakhs, ₹17,795.49 lakhs and ₹11,000.62 lakhs over those periods. (p.139, 140)
products: Products include HC, HFC and HFO refrigerants and non-refrigerant gases such as SF6, DME and CF4, along with refrigerant cans, cylinders and related products. Applications include air-conditioning, refrigeration, automobiles, cold storage, firefighting, aerosols, glass, electrical insulation and semiconductor manufacturing. (p.138, 139, 140, 144, 145, 146)
Customers & concentration: Top ten customers on a standalone basis contributed 89.28% of revenue for the six months ended September 30, 2023, 74.77% in Fiscal 2023, 72.88% in Fiscal 2022 and 72.11% in Fiscal 2021. The Company serves customers across air-conditioning, refrigeration, firefighting, automobile, pharma, medical, semiconductor, glass, aerosol and spray-foam industries. (p.140, 141)
geography: The Company operates facilities at Khalapur and Panvel in Maharashtra, Ghiloth in Rajasthan and Manesar in Haryana. Maharashtra and Delhi together generated 75.37%, 63.92%, 60.41% and 62.63% of total revenue for the six months ended September 30, 2023 and Fiscals 2023, 2022 and 2021, respectively.

KPI	Value	Period	Pages
Revenue from Operations	₹9,274.39 lakhs / ₹22,550.44 lakhs / ₹18,588.27 lakhs / ₹11,797.38 lakhs	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	107
Total Revenue	₹9,351.37 lakhs / ₹23,519.93 lakhs / ₹18,634.07 lakhs / ₹11,941.52 lakhs	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	107
EBITDA	₹898.54 lakhs / ₹2,588.66 lakhs / ₹3,300.88 lakhs / ₹1,525.85 lakhs	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	107
EBITDA Margin	9.61% / 11.01% / 17.71% / 12.78%	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	107
PAT Margin	5.81% / 6.91% / 11.33% / 8.25%	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	107
Debt / Equity	0.32x / 0.24x / 0.03x / 0.24x	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
Interest Coverage Ratio	9.41x / 22.42x / 27.15x / 30.12x	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
RoE	4.72% / 21.01% / 34.57% / 24.66%	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
RoCE	5.59% / 25.47% / 49.13% / 27.83%	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
Net Debt / EBITDA	3.41x / 0.13x / 0.01x / 0.42x	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
Current Ratio	2.65x / 2.42x / 2.20x / 1.19x	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108
Cash & Equivalents as presented in KPI table	₹593.24 lakhs / ₹1,490.96 lakhs / ₹176.54 lakhs / ₹321.86 lakhs	Apr-Sep 2023 / Fiscal 2023 / Fiscal 2022 / Fiscal 2021	108

Stallion India Fluorochemicals Limited

What the company does

Stallion India Fluorochemicals Limited

What the company does

Key performance indicators

Context

What the company does

Industry opportunity