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.
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