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Navin Fluorine International Ltd Performance

Today's Low
3,229.20
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Today's High
3,320.00
52 Wk Low
2,899.25
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52 Wk High
4,950.00


Open

3244

Traded Value (Cr)

187.25 Cr

Prev. Close

3245.7

VWAP

3283.64

Volume

8,84,498

Face Value

2

Navin Fluorine International Ltd Fundamentals

Market Cap
₹ 15,163 Cr
P/E Ratio (TTM)
51.46
P/B Ratio
6.69
Debt to Equity
0.56
ROE
16.11 %
EPS (TTM)
59.43
Dividend Yield
0.39%
Book Value
457.10

Click here to know more about Fundamentals

Navin Fluorine International Ltd F&O

Navin Fluorine International Ltd Option Chain

Navin Fluorine International Ltd Financials

Navin Fluorine International Ltd Financials

Navin Fluorine International Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 28.81 % 28.81 % 28.81 % 28.81 %
Retail 21.19 % 20.24 % 21.06 % 21.08 %
Mutual Funds 19.50 % 19.77 % 20.42 % 19.28 %
FII 15.92 % 19.20 % 18.50 % 19.58 %
Others 14.57 % 11.98 % 11.22 % 11.25 %

Promoters

28.81%

Retail

21.19%

Mutual Funds

19.50%

FII

15.92%

Others

14.57%

Promoters

28.81%

Retail

20.24%

Mutual Funds

19.77%

FII

19.20%

Others

11.98%

Promoters

28.81%

Retail

21.06%

Mutual Funds

20.42%

FII

18.50%

Others

11.22%

Promoters

28.81%

Retail

21.08%

Mutual Funds

19.28%

FII

19.58%

Others

11.25%

Resistance and Support

₹3,097.32

PIVOT

resistance-arrow
Resistance
First Resistance₹3,120.633
Second Resistance₹3,148.317
Third Resistance₹3,171.633
support-arrow
Support
First Resistance₹3,069.633
Second Resistance₹3,046.317
Third Resistance₹3,018.633
RSI77.998
MACD72.072
ADX16.063
CCI184.735

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day884,498221,69839.03
Week370,961179,75247.05
1 Month221,323123,22753.19
6 Months884,498302,27334.17

About Navin Fluorine International Ltd

Navin Fluorine International Limited was incorporated in June 25th, 1998. Being a flagship, the Company belongs to a reputed industrial house of Padmanabh Mafatlal Group in India. It has largest integrated fluorochemicals complex in India, since 1967. The Company primarily focuses on fluorine chemistry - producing refrigeration gases, chemicals, inorganic bulk fluorides, specialty organofluorines and offers Contract Research and manufacturing services. Its 2 manufacturing units at Surat in Gujarat and Dewas in Madhya Pradesh and 1 manufacturing site of Navin Fluorine Advanced Sciences Limited at Dahej in Gujarat are strategically located near ports to facilitate the import of raw materials and the export of finished products. The Company's manufacturing unit was located in Surat. It commenced the refrigerant business in 1967 and established itself as a respected refrigerant global brand. It commissioned Dewas unit in 1978. Navin initiated the CDM project to reduce green house gas HCFC 23 in June 2006 with Ineos Fluor as technology partners and received UNFCCC approval in March 2007. Navin Fluorine has developed more than 40 products on commercial scale using indigenously built multipurpose plants. The company has ability to produce some of the niche organofluorine molecules. It offers a diversified portfolio of advanced fluorine derivatives to the world with wide ranging applications in pharma, agro and petrochemicals. Navin Fluorine has an impressive clientele consisting of several fortune 500 companies, which include five of the top ten global crop protection companies and three of the top ten global chemical companies. A positive mind set, holistic approach and thorough professionalism forms the core of the team named Navin Fluorine. Quality is what we aspire for in every endeavor of ours. Navin Fluorine's strict vigil on the environmental norms and safety measures at every step of the manufacturing process has resulted in elevating Navin as an entity to rely upon without inhibition. During FY2016, the Company entered into a Joint Venture (JV) Agreement with Piramal Enterprises Limited (PEL) and accordingly a Company by the name of Convergence Chemicals Private Limited (CCPL) has been formed to leverage the Company's rich legacy in fluorine chemistry and the deep outreach of the JV partner in the healthcare space. PEL holds 51% and the Company owns 49% of the equity share capital of CCPL. During the year 2016, the Company entered into an agreement with Honeywell to work together on the new generation refrigerant gas HFO 1234yf. HFO-1234yf is a next-generation hydro fluoro-olefin (HFO) refrigerant with GWP less than 1 and is a near drop-in replacement for R-134a, a hydro fluoro carbon (HFC), for use in vehicle air conditioning systems globally. This agreement depicts Honeywell's confidence in Company's capabilities in developing new generation fluoro intermediates. At the 19th Annual General Meeting of the Company held on 29 June 2017, Members had passed Resolution approving sub-division of shares in the ratio of 5 Equity Shares of Rs2 each for every 1 Equity Share of Rs10 each. The record date for the aforesaid sub-division was 20 July 2017. Accordingly, the face value of equity shares of the Company stands reduced to Rs2/- per share. During the current year, the Company approved a capital expenditure of Rs11500 lakhs towards creating additional cGMP capacity and associated infrastructure. This capex is underway at the Company's Dewas facility, which is the hub of the CRAMS activities. During the year 2018, Company's business relating to manufacture and sale of Specialty Fluorochemicals at Dahej was transferred to Convergence Chemicals Private Limited, with effect from 1 December 2017, on a going concern basis by way of slump sales together with all the identified assets, liabilities, consents, permissions, services of employees etc. During FY 2019, the Company had entered into a Joint Venture (JV) agreement with Piramal Enterprises Limited (PEL) and accordingly a company by the name of Convergence Chemicals Private Limited (CCPL) has been formed to leverage the Company's capability in niche fluorination chemistry and deep outreach of the JV partner in the healthcare space. PEL holds 51% and the Company owns 49% of the equity share capital of CCPL. During the year 2019, a 100% subsidiary, NFIL (UK) Ltd was formed in the UK to acquire the balance shareholding of 49% from the shareholders of Manchester Organics Ltd. During the year, the Company made further infusion of 830 K into NFIL (UK) Ltd., which has been utilized to service the HDFC Bahrain Term Loan taken by NFIL (UK) Ltd. to part finance the 49% acquisition of MOL. In FY 2019-20, the Company started operations of cGMP3 at its Dewas site in Madhya Pradesh. It increased its presence in Europe helping create a robust customer pipeline, utilize additional capacities and de-risk the Company's dependence on select customers. Besides, it diversified its product portfolio away from 2-3 compounds to an array of compounds and complex chemistries. The Company embarked on a greenfield expansion in Dahej in 2020 and invested approximately Rs. 500 crores. In FY 2020-21, Company invested Rs. 19,500 lakhs for setting up of a Multi-Purpose Plant (MPP). It invested a capital expenditure of Rs. 9,000 lakhs towards site development and related infrastructure on approx. 74 acres of land for greenfield projects at Dahej in Gujarat. It signed a $410 million multi-year contract with a global company for manufacture and supply of a High Performance Product (HPP) in the fluoro chemicals space. It divested its shareholding in a JVC, Convergence Chemicals Private Limited (CCPL), pursuant to a Joint Venture Agreement between Piramal Enterprises Limited (PEL) and the Company. It commissioned a new plant for a fluorine building block for a number of chemistries done in Contract Research and Manufacturing Services (CRAMS). It established a significant refrigerant gas presence in the life science and crop science industries where it is used as a building block for the manufacture of a number of products. In FY 2021-22, Company's Surat plant developed technologies for several products, of which 4 products were commercialised. It increased the capacity of one of the inorganic product by 50% through business process re-engineering. It addressed diverse customer requirements and enhanced products quality, strengthening customer retention. It further implemented BMR (Batch Manufacturing Records), enhancing data capture directly from the distributed control system. It invested Rs. 75 crores in capital investment to enhance and debottleneck manufacturing capacity of cGMP3 plant. It invested Rs. 78.65 crore for infrastructure development and capability upgradation at Bhestan site. It made equipment modifications that empowered the unit to perform reactions at deep sub-zero temperatures. It installed specialised software and engaged an international consultant to strengthen its documentation management system. It developed 4 products that were transferred to the main plant for onward commercialisation. It expanded manufacturing footprint and upgraded infrastructure, enhancing capacity by 25%. In 2022-23, the High Performance Products (HPP) business commenced plant operations at Dahej Unit. The Specialty Chemicals business also commenced operations at Dahej Unit to supply fluorine based agri intermediates.

Managing Director

Radhesh Welling

Founded

1998

NSE Symbol

NAVINFLUOR

Navin Fluorine International Ltd Management

NameDesignation
T M M NambiarNon-Exec & Non-Independent Dir
P N KapadiaNon-Exec. & Independent Dir.
S S LalbhaiNon-Exec. & Independent Dir.
V P MafatlalExecutive Chairman
S G MankadNon-Exec. & Independent Dir.
H H EngineerNon-Exec. & Independent Dir.
N B MankadCompany Sec. & Compli. Officer
Radhika HaribhaktiNon-Exec. & Independent Dir.
A K SrivastavaNon-Exec. & Independent Dir.
Radhesh WellingManaging Director
Sujal A ShahNon-Exec. & Independent Dir.
Ashok SinhaNon-Exec. & Independent Dir.
APURVA PUROHITNon-Exec. & Independent Dir.

Navin Fluorine International Ltd News

Navin Fluorine International schedules board meeting
On 7 May 2024
Navin Fluorine International to invest Rs 250 cr in Navin Fluorine Advanced Sciences
Navin Fluorine hits 52-week low after Q3 PAT slides 27% to Rs 78 cr
Navin Fluorine International declined 4.91% to Rs 3,101.20 after the company’s consolidated net profit declined 26.78% to Rs 78.02 crore in Q3 FY24 as compared with Rs 106.56 crore posted in Q3 FY23.
Navin Fluorine International consolidated net profit declines 26.78% in the December 2023 quarter
Sales decline 10.96% to Rs 501.82 crore
Navin Fluorine International to announce Quarterly Result
On 6 February 2024
Board of Navin Fluorine International recommends Interim Dividend
Of Rs.5 per share
Board of Navin Fluorine International recommends Special Dividend
Of Rs.3 per share
Navin Fluorine PAT rises to Rs 61 cr in Q2 FY24
The company reported 4.79% rise in consolidated net profit to Rs 60.58 crore in Q2 FY24 as compared with Rs 57.81 crore posted in Q2 FY23.
Navin Fluorine International consolidated net profit rises 4.79% in the September 2023 quarter
Sales rise 12.55% to Rs 471.79 crore
Navin Fluorine International Ltd leads losers in 'A' group
Hindustan Foods Ltd, Finolex Cables Ltd, Easy Trip Planners Ltd and Tata Investment Corporation Ltd are among the other losers in the BSE's 'A' group today, 29 September 2023.

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Navin Fluorine International Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Navin Fluorine International Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Navin Fluorine International Ltd's share price is ₹3,296.65 as of April 12, 2024

Navin Fluorine International Ltd's P/E ratio is 51.46 times as of April 12, 2024.

Navin Fluorine International Ltd's most recent financial reports indicate a price-to-book ratio of 6.69, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Navin Fluorine International Ltd's market is 15,163 Cr as on April 12, 2024.

The current financial records of Navin Fluorine International Ltd show a 16.11% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Navin Fluorine International Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Navin Fluorine International Ltd's 52-week high and low as of April 12, 2024 are ₹3320 and ₹3229.2 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Navin Fluorine International Ltd stands at 28.81%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 19.20% to 15.92%.