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HDFC Securities has buy call on Navin Fluorine International with a target price of Rs 4905. The current market price of Navin Fluorine International is Rs 3704.7.
Time period given by analyst is one year when Navin Fluorine International Ltd. price can reach defined target. .
Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 18882.86 Crore) operating in Chemicals sector.
Navin Fluorine International Ltd. key Products/Revenue Segments include Chemicals, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 386.43 Crore, up 10.59 % from last quarter Total Income of Rs 349.43 Crore and up 21.14 % from last year same quarter Total Income of Rs 319.00 Crore. Company reported net profit after tax of Rs 68.79 Crore in latest quarter.
Investment Rationale
The stock is currently trading at 30.9x FY24E EPS. The brokerage is positive on NFIL, owing to its (1) earnings visibility given long term contracts and (2) tilt in sales mix towards customised products, which will ensure better margins.
Promoter/FII Holdings
Promoters held 30.19 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.11 per cent, DIIs 14.12 per cent.
Time period given by analyst is one year when Navin Fluorine International Ltd. price can reach defined target. .
Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 18882.86 Crore) operating in Chemicals sector.
Navin Fluorine International Ltd. key Products/Revenue Segments include Chemicals, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 386.43 Crore, up 10.59 % from last quarter Total Income of Rs 349.43 Crore and up 21.14 % from last year same quarter Total Income of Rs 319.00 Crore. Company reported net profit after tax of Rs 68.79 Crore in latest quarter.
Investment Rationale
The stock is currently trading at 30.9x FY24E EPS. The brokerage is positive on NFIL, owing to its (1) earnings visibility given long term contracts and (2) tilt in sales mix towards customised products, which will ensure better margins.
Promoter/FII Holdings
Promoters held 30.19 per cent stake in the company as of 31-Dec-2021, while FIIs owned 27.11 per cent, DIIs 14.12 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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