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Navin Fluorine International Ltd share Price Today

Company details

3,535.75
3,606.00
2,875.95
4,724.25
6M Return -6.81%
1Y Return -22.22%
Mkt Cap.(Cr) 17,844.79
Volume 157,434
Div Yield 0.20%
OI
-
OI Chg %
-
Volume 157,434

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Strong beat across segments; valuations fair…
About The Stock

    Navin Fluorine (NFIL) operates one of the largest integrated fluorochemicals complexes in India with a presence in speciality chemicals, CDMO, inorganic fluoride and refrigerant segments.

    • The company has two manufacturing facilities in Surat and Dewas while it is setting up a new greenfield capacity at Dahej
    • In terms of revenue contribution, speciality chemicals constitute 40% of overall revenues followed by CDMO 25% and the rest from refrigerants (~18%) and inorganic fluoride (~17%) businesses
Q3FY23

    Numbers were above I-direct expectations mainly due to strong CDMO performance even as other segments reported decent growth.

    • Reported revenue growth was 48.7% YoY to ₹ 563.6 crore, led by specialty chemical (up 22% YoY), HPP (refrigerants gas + inorganic chemicals+ HPP) (up 63% YoY). Revenues from CDMO were up 108% YoY to ₹ 125 crore
    • Gross margins were up 65 bps YoY to 56.3% while EBITDA margin rose 159 bps YoY to 27.6%. Absolute EBITDA was up 58% YoY to ₹ 155.6 crore
    • Adjusted PAT rose 40% YoY to ₹ 131.3 crore. Finance cost was at ₹ 9.2 crore vs. ₹ 40 lakh in Q3FY22. Depreciation was up by 106% YoY to ₹ 25 crore

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Commodity Chemicals company Navin Fluorine International announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenue Rs 697 crore, up 70% YoY
    • EBITDA Rs 202 crore, up 114% YoY
    • EBITDA margin at 28.9%, up 589 bps YoY
    • PBT Rs 180 crore, up 120% YoY
    • PBT margin at 25.8%, up 586 bps YoY
  • FY23:
    • Revenue Rs 2,077 crore, up 43% YoY
    • EBITDA Rs 550 crore, up 55% YoY
    • EBITDA margin at 26.5%, up 207 bps YoY
    • PBT Rs 460 crore, up 51% YoY
    • PBT margin at 22.2%, up 116 bps YoY
    • Approved capex of Rs 450 crore for setting up a new 40,000 t.p.a HF capacity at Dahej

 

 

Result PDF

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Navin Fluorine International Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (5)

  • MFs decreased their shareholding last quarter
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Degrowth in Revenue and Profit

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 3,625.2
R2 3,650.7
R3 3,695.5
Pivot

3,580.48

S1 3,555.0
S2 3,510.2
S3 3,484.7
EMA SMA
3,402.1
3,335.6
3,358.5
3,536.0
3,364.9
3,324.7
3,231.8
3,552.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-07 3104.53 253742 NSE
SMALLCAP WORLD FUND INC Bulk Sell 2024-02-07 3099.7 510449 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-07 3094.37 253742 NSE
Name Category Shares
VISHAD PADMANABH MAFATLAL PROMOTER 1.44%
VISHAD MAFATLAL AS TRUSTEE OF VISHAD P MAFATLAL FAMILY TRUST NO. 1 PROMOTER 0.77%
MAFATLAL IMPEX PRIVATE LIMITED (Mafatlal Exim Pvt Ltd amalgamated with Mafatlal Impex Pvt Ltd) PROMOTER 26.3%

OUR RESEARCH VIEW

Investment recommendation
Strong beat across segments; valuations fair…
Call Date
20 Feb 2023
Entry Price 4,162.00
Target Price -
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Navin Fluorine International Ltd Stocks COMPARISON

Financials( in Cr) Navin Fluorine International Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 3,599.70 3,122.60 9,267.65 2,422.20 3,196.15
% Change 1.54 0.41 0.06 0.84 -2.16
Mcap Cr 17,844.79 158,818.25 79,038.23 71,800.06 35,109.71
Revenue TTM Cr 2,077.40 11,799.10 3,135.52 13,138.52 5,684.66
Net Profit TTM Cr 375.19 1,288.87 538.06 1,335.71 1,323.05
PE TTM 78.11 89.13 182.00 53.91 80.57
1 Year Return -22.22 15.95 101.93 3.04 1.18
ROCE 20.66 24.24 16.29 12.52 29.38
ROE 18.62 18.93 14.70 12.25 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,184.94 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Navin Fluorine International Ltd Information

Stock PE (TTM)
78.11
Promoter Holding
28.81%
Book Value
480.4848
ROCE
20.66%
ROE
18.62%
Description
  • Navin Fluorine International Limited is a world-class manufacturer and marketer of specialty fluorochemicals. The company is involved in cutting-edge research relating to chemicals, with a special focus on fluorochemicals. The company was started in 1967 and is headquartered in Mumbai. As of 21 December 2022, the company employs more than 1,000 professionals.

    On 21 December 2022, the market capitalisation of the company was Rs 21,208.55 crore. It reported consolidated sales of Rs 1,400 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 532504 and the National Stock Exchange with the code NAVINFLUOR.

    The promoters of Navin Fluorine currently hold approximately 29.4% of the company. There is no FII investment in the company. Various mutual funds hold around 19.11% of the company. The total public stake in the company is approximately 50.5%. The stake of the public has grown steadily over the past year (Since September 2021).

    Vishad P Mafatlal is the chairman of the company and a whole-time director, and Basantkumar G Bansal is the CFO. Apurva S Purohit, Radhesh R Welling, Ashok U Sinha, Atul K Srivastava, and Mohan M Nambiar are the other directors of the company. Price Waterhouse Chartered Accountants LLP are the auditors of Navin Fluorine. As of December 2022, the company had around 4.96 crore shares outstanding.

    On 21 December 2022, Navin Fluorine’s share price on NSE was Rs 4,256.95 and Rs 4,251.10 on BSE. The share price touched a 52-week high of Rs 4,847.35 and a 52-week low of Rs 3,361.45. Its three-month return to investors was -9.18%, while its one-year return was 7.36%. The company’s total operating income grew 5.3% quarter-on-quarter during the fourth quarter of FY22.

    As of November 2022, Nippon India Small Cap Direct-G has invested Rs 341.86 crore in the company. Other prominent mutual funds with investments in Navin Fluorine International Limited include Axis Midcap Direct-G, with an investment of Rs 330.43 crore, and SBI Small Cap Direct-G, with an investment of Rs 303.97 crore in the company.

    Companies such as Neogen Chemicals, Himadri Chemicals, and Fairchem Specialty are some of the peers of Navin Fluorine.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

2nd Floor Suntek Centre, 37/40 Subhash Rd Vile Parle(E), Mumbai, Maharashtra, 400057

Tel : 91-22-66509999
Email : info:nfil.in; niraj.mankad:nfil.in
Website : http://www.nfil.in
Registrar

Sharepro Services

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532504
NSE Code : NAVINFLUOR
Book Closure Date (Month) :
BSE Group : A
ISIN : INE048G01026

FAQ’s on Navin Fluorine International Ltd Shares

You can buy Navin Fluorine International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Navin Fluorine International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:54 PM the closing price of Navin Fluorine International Ltd was Rs.3,599.70.

The latest PE ratio of Navin Fluorine International Ltd as of Jun 18, 2024 03:54 PM is 78.11

The latest PB ratio of Navin Fluorine International Ltd as of Jun 18, 2024 03:54 PM is 0.13

The 52-week high of Navin Fluorine International Ltd share price is Rs. 4,724.25 while the 52-week low is Rs. 2,875.95

According to analyst recommendations, Navin Fluorine International Ltd Share has a "Buy" rating for the long term.

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 Jun 18, 2024 03:54 PM, the market cap of Navin Fluorine International Ltd stood at Rs. 17,844.79.

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