iStockRelated
ICICI Securities has sell call on Navin Fluorine International with a target price of Rs 3550. The current market price of Navin Fluorine International is Rs 3993.5. 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 19771.21 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
Revenues are likely to grow 34.5% YoY to Rs4.4bn. This would be driven by 20% YoY growth in CRAMS (spillover from Q3FY22) and 30% in specialty chemicals. Inorganic fluoride and ref- gas revenues are expected to grow 60% and 40% YoY respectively on price increase. Gross profit / EBITDA margin may dip QoQ on RM inflation (optical). EBITDA / PBT may grow 33.7% / 16.7% to Rs1.13bn / Rs809mn, respectively.
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.
Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 19771.21 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
Revenues are likely to grow 34.5% YoY to Rs4.4bn. This would be driven by 20% YoY growth in CRAMS (spillover from Q3FY22) and 30% in specialty chemicals. Inorganic fluoride and ref- gas revenues are expected to grow 60% and 40% YoY respectively on price increase. Gross profit / EBITDA margin may dip QoQ on RM inflation (optical). EBITDA / PBT may grow 33.7% / 16.7% to Rs1.13bn / Rs809mn, respectively.
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.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by