Shutterstock.comMotilal Oswal Financial Services has neutral call on Navin Fluorine International with a target price of Rs 4700. The current market price of Navin Fluorine International is Rs 4691.85.
Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 23188.90 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.
The stock is trading at 35x FY25E EPS of INR134, with an expected improvement in return ratios to 22-24%, despite a huge capex (INR10.6b over the next three years). The brokerage values the company at 35x FY25E EPS to arrive at its TP of INR4,700.
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.
Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 23188.90 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.
Investment Rationale
The stock is trading at 35x FY25E EPS of INR134, with an expected improvement in return ratios to 22-24%, despite a huge capex (INR10.6b over the next three years). The brokerage values the company at 35x FY25E EPS to arrive at its TP of INR4,700.
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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