AgenciesNavin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 23391.64 Crore) operating in Chemicals sector.
Navin Fluorine International key Products/Revenue Segments include Chemicals, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 573.50 Crore, up 33.34 % from last quarter Total Income of Rs 430.10 Crore and up 48.41 % from last year same quarter Total Income of Rs 386.43 Crore. Company has reported net profit after tax of Rs 106.56 Crore in latest quarter.
The company’s top management includes Mr.Vishad P Mafatlal, Mr.Sujal A Shah, Mr.Ashok U Sinha, Mr.Atul K Srivastava, Mrs.Radhika V Haribhakti, Mr.Harish H Engineer, Mr.Sudhir G Mankad, Mr.Sunil S Lalbhai, Mr.Pradip N Kapadia, Ms.Mohan M Nambiar, Mr.Radhesh R Welling, Mr.Apurva S Purohit. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-03-2023, the company has a total of 5 Crore shares outstanding.
Considering only a 50bps uptick for FY25, our FY25 estimates have been revised upwards by 2% and Mar’24 TP has been revised to INR 5,080/share. Since, the brokerage's last reiterate BUY report in Dec’22, the stock has run up 11-12% leaving limited upside in the near term. However, on account of long-term growth visibility from its multi-year contracts in HFOs and specialty chemicals along with the strong outlook for its CRAMS business, the brokerage maintains its BUY rating as Navin remains its top pick
Promoter/FII Holdings
Promoters held 28.81 per cent stake in the company as of 31-Mar-2023, while FIIs owned 19.58 per cent, DIIs 20.97 per cent.
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