1. At a Glance
Tanfac, Tamil Nadu’s most profitable chemical wizard, is cooking hydrofluoric acid, melting margins, and casually dropping 88 Cr in PAT like it’s no big deal. Once an obscure joint venture, now a fluorine empire with ROCE that slaps harder than inflation. You’ve just entered India’s hottest acid trip (legally).
2. Introduction with Hook
Imagine a company that makes hydrofluoric acid, a chemical so potent it dissolves glass, and turns it into shareholder value that melts resistance.
- PAT growth (TTM): 76%
- Stock Price CAGR (5Y): 91%
This is not your average specialty chemicals firm. It’s basically the Breaking Bad of BSE.
3. Business Model (WTF Do They Even Do?)
- Core Products: HF acid, Aluminum Fluoride, Potassium Fluoride, Boron Trifluoride complexes (don’t ask, it’s magic), etc.
- Customers: Pharma, agrochem, nuclear, aluminum industries.
- Supply chain: Raw materials like fluorspar imported; plants in Cuddalore, Tamil Nadu.
- Moat: Critical chemicals, few competitors, regulated sector = pricing power.
- 2024 Bonus: Commenced 5,000 TPA Solar Grade DHF plant, expanding to 10,000 TPA.
Translation: They make chemicals no one understands but everyone needs.
4. Financials Overview
