1. Navin Fluorine
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52% Buy

Navin Fluorine Share Price

NAVINFLUOR

₹3,278.60+₹55.95 (1.74%) Past YearLast updated on 22 Apr, 2024 | 03:51 PM IST
₹3,232.75₹3,282.15
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Company overview

About

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Market cap

Market Cap Switch₹15,973 Cr

Open

₹3,256.15

Close

₹3,222.65

Circuit range

₹3,544.90 - ₹2,900.40

Day range

₹3,232.75 - ₹3,282.15

Year range

₹2,899.25 - ₹4,950.00

Volume

2,52,822

Avg. traded

₹3,267.39

Revenue (12m)

₹2,162 Cr

Navin Fluorine

Mumbai-headquartered Navin Fluorine International Ltd, a part of the Padmanabh Mafatlal Group, is a leading speciality chemicals company. It has business operations in India and the United Kingdom.

The company offers refrigerants to original equipment manufacturers (OEMs), service technicians, and equipment owners. The company offers its refrigerant products under the Mafron brand.

It also provides inorganic fluoride products comprising ammonium bifluoride, potassium fluoride, sodium fluoride, potassium fluorotitanate, potassium fluoroborate and hexafluorophosphoric acid.

Set up in 1967, NFIL introduced refrigerants into India by commissioning its manufacturing plant at Surat, The unit started commercial production of refrigerant gases in 1969. Incorporated on June 25, 1998, the company manufactures speciality fluorochemicals.

NFIL’s R&D unit Navin Research Innovation Centre (NRIC) was established in Gujarat’s Surat in 2008.

The company churns out over 60 fluorinated products for domestic and international customers. It exports over 40% of its products to North America, Europe, Middle East and Asia Pacific regions.

In FY23, the company earned 66% of its revenue from exports.

The company’s fast expanding catalogue now features over 40,000 compounds, many of which are produced in its laboratories.

It was listed in the bourses on September 30, 2003. The market capitalisation of Navin Fluorine International stood at over ₹17,000 crore as of January 21, 2024. Navin Fluorine share price has surged more than 36% in the last three years.

Navin Fluorine International Ltd business operations

NFIL has four main strategic business units - refrigeration gases, inorganic fluorides, speciality fluorides and contract development and manufacturing.

It owns and operates manufacturing plants at Surat and Dahej in Gujarat and Dewas in Madhya Pradesh.

The company’s unit at Surat specialises in producing refrigerants, various organic and inorganic fluorides. The site handles and processes multiple complex chemistries at various scales of operations. It churns out key products like anhydrous hydrofluoric acid, R-22 and boron trifluoride.

The contract research services arm develops process chemistries, novel analogues, and derivatives around the customers’ target molecules to support research and discovery activities.

NFIL’s UK-based subsidiary Manchester Organics Limited takes part in this early discovery phase with the innovator customers.

NFIL offers contract development and manufacturing facilities for custom chemical syntheses of fluorinated compounds for pharmaceuticals, agriculture and speciality chemicals industries.

The company’s cGMP pilot plant facility at Dewas enables it to supply specialised and niche fluorinated molecules derived from milligram to multi-kilogram level quantities.

NFIL’s customer base includes leading life sciences, crop protection, petrochemical and speciality chemical companies, several of them belonging to the Fortune 500 category.

The company is further investing to bolster its manufacturing capabilities by building a world-class cGMP multi-purpose plant to cater to the multi-ton requirements of customers.

Financial highlights

The company’s consolidated revenue from operations grew 43% to ₹2,077.40 crore in FY23, from ₹1,453.36 crore in FY22. The company’s consolidated net profit (profit after tax) stood at ₹375.18 crore for FY23, up 43% from ₹263.07 crore in FY22. The company’s EBITDA margins stood at 26% in FY23. Its consolidated earnings before interest, tax, depreciation and amortisation (EBITDA), increased to ₹586.04 crore in FY23 compared to ₹394.03 crore in FY22. The company's earnings per share (EPS) increased to ₹75.70 in FY23 as against ₹53.12 in FY22.

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Navin Fluorine Key indicators

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52 week high

₹4,950.00

52 week low

₹2,899.25

P/E ratio

47.78

P/B ratio

6.84

ROE

15.68%

ROCE

20.99%

Dividend yield

0.37%

Debt/Equity ratio

EPS

63.07

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

52%

Hold

44%

Sell

4%

This analysis is based on the reviews of 23 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

28.43%

Net profit margin

19.19%

ROE

15.68%

ROA

11.26%

ROCE

20.99%

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Navin Fluorine Shareholder returns

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1 day

-0.19%

1 week

-0.71%

1 month

+7.51%

3 months

-5.52%

1 year

-30.57%

3 years

+4.75%

5 years

+357.80%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Navin Fluorine Share Price history

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DayOpenCloseDay’s change
Fri, Apr 19 2024
₹3,210.00
₹3,222.65
+0.39%
Thu, Apr 18 2024
₹3,240.00
₹3,228.85
-0.35%
Tue, Apr 16 2024
₹3,200.00
₹3,229.50
+0.91%
Mon, Apr 15 2024
₹3,235.95
₹3,244.75
+0.27%
Fri, Apr 12 2024
₹3,244.00
₹3,296.65
+1.60%
Wed, Apr 10 2024
₹3,077.00
₹3,245.70
+5.20%
Tue, Apr 9 2024
₹3,128.90
₹3,057.60
-2.33%
Mon, Apr 8 2024
₹3,169.95
₹3,096.40
-2.38%

Shareholding info

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Promoters (28.81%)

Mutual Funds (15.58%)

Retail and other (27.02%)

Foreign institutions-FII (15.57%)

Other domestic institutions (13.02%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹5/share

    Ex date 10 Nov 2023

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  • Dividend • ₹3/share

    Ex date 10 Nov 2023

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  • Dividend • ₹7/share

    Ex date 07 Jul 2023

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  • Dividend • ₹5/share

    Ex date 03 Nov 2022

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  • Dividend • ₹6/share

    Ex date 07 Jul 2022

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  • Dividend • ₹5/share

    Ex date 01 Nov 2021

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Frequently asked questions