Navin Fluorine International Ltd: Value Pick Stock, Update
Update
“Q2 FY2022-23 Numbers”
Navin Fluorine International Limited (NFIL) – a part of the Padmanabh Mafatlal Group Company has posted its Q2 FY2022-23 numbers today.
On a consolidates basis the company has posted a Revenue of INR 419.20 crore for the period ended 30 September 2022, up 5.43 percent Q-O-Q (INR 397.52 Cr) and up 23.67 percent Y-O-Y basis (INR 338.96 Cr)
Total Expenses are as follows –
INR 347.05 Cr as on 30 Sept 2022,
INR 311.05 Cr as on 30 June 2022,
INR 267.04 Cr as on 30 Sept 2021
PAT
The Company has registered a net profit of INR 57.81 crore for the Q2 FY2022-23 as compared INR 63.23 crore for the same period last year, de-growth of 8.57 percent Y-O-Y basis, while on a quarter-on-quarter basis, the company’s profit after tax de-grew by 22.35 percent.
Interim Dividend
The Board has declared an Interim Dividend of INR 5 per equity share of the face value of Rs. 2 each (i.e. 250% of the face value) for the Financial Year 2022-23.
navin fluorine share ends at INR 4359 (UP 1.70%) from previous close with a volume of 2,06,664 shares on the NSE.
Navin Fluorine International Ltd is a value pick of Finblab (given 4.5x returns in 32 months).
Also Read: Krishna Institute of Medical Sciences – Value Pick Stock OCTOBER 2022
23 July 2022
Update
Q1 FY23 Earnings
Navin Fluorine International Limited (NFIL) – a multi-million dollar turnover company (part of the Padmanabh Mafatlal Group) has presented its Q1 FY23 earnings today.
Revenues
On a consolidated basis, the company’s revenue from operations stood at INR 397.52 Cr for the Q1 ended 30 June 2022 as compared to INR 326.51 Cr for the same period last year, registering a growth of 21.75% Y-O-Y basis.
On a quarter-on-quarter basis, revenues of the company de-grew by 2.79 percent, (INR 408.94 Cr for the quarter ended 31 March 2022)
Total Expenses are as follows –
INR 311.05 Cr as on 30 June 2022,
INR 261.24 Cr as on 30 June 2021,
INR 327.20 Cr as on 31 March 2022
>>> Also Read – Q1 Result of ICICI Bank
PAT
The Company has registered a profit after tax of INR 74.45 Cr for the Q1 FY 2022-23 as compared INR 55.91 Cr for the same period last year, a growth of 33.16% year-on-year basis. While on a quarter-on-quarter basis, the company’s PAT de-grew by around 1 percent.
EPS of the bank are as follows –
INR 15.02 as on 30 June 2022,
INR 11.29 as on 30 June 2021,
INR 15.17 as on 31 March 2022
Daily Chart –
navin fluorine share ends at INR 3784, up INR 19.15 from previous close with a volume of 2,11,679 shares on the NSE.
Navin Fluorine International Limited is a value pick of Finblab (given 4x returns in 29 months).
>>> Also Read – Q1 Numbers of Meghmani Finechem Ltd
25 February 2020
Update:
Signing of a multi-year contract with a global company and Interim Dividend
Navin Fluorine International Limited reported today that it has entered into a $410 million (around 2900 Cr at current exchange rate) multi-year contract with a multinational company for manufacture and supply of a High-Performance Product (HPP) in the fluorochemicals space. The contract/agreement is for 7 years and this product is not part of Navin Fluorine’s existing product portfolio.
The CAPEX and project will be accomplished through its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL)
Navin Fluorine, through NFASL, will be investing $51.5 million (around 365.50 Cr at current exchange rate) to set up a manufacturing facility and about $10 million (71 Cr at current exchange rate) to set up a captive power plant.
The facility will be located at Dahej (Gujarat) and will be funded through a mix of debt and internal accruals. The supplies are expected to commence from Q4 of FY 22.
Managing Director Said –
Commenting on this Mr. Radhesh Welling, Managing Director of Navin Fluorine said: This agreement, which represents Navin Fluorine’s largest contract to date, continues to establish us as a leader in production and delivery of high-performance products (HPP) within fluorination space.
This Agreement will help further expand our product portfolio and it reinforces the trust global customers have in Navin Fluorine’s capabilities. It is a testament to our deep and wide fluorine experience and our strength in successfully scaling up of complex chemistries.
This is the beginning of our entry into a higher value HPP segment and we shall continue to add more products in this segment.
The Board of Directors of Navin Fluorine International has declared an interim dividend of INR 4 per share of the face value (FV) of INR 2 each (200 percent) for the financial year 2019-2020.
Shares of Navin Fluorine International Limited closed 20% up at INR 1454. The total number of shares traded during the day on NSE was 1205591.
Also Read: Finblab Valuepick Stock Amber Enterprises Ltd
6 January, 2020
Navin Fluorine International Limited (NFIL) is one of the largest and the most respected Indian manufacturers of speciality fluorochemicals.
Navin Fluorine International: History
Established in the year 1967, Navin Fluorine International Limited operates one of the largest integrated fluorochemicals complexes in India with manufacturing locations at Surat and Dahej (Western India) and Dewas (Central India).
The Company belongs to the Padmanabh Mafatlal Group – one of India’s oldest and prestigious industrial houses.
Navin Fluorine International: Business
NFIL has four main strategic business units:
Refrigeration Gases:
- NFIL introduced refrigerants into India in the year 1967 by commissioning its manufacturing plant at Surat, (Gujarat). It is backward integrated into the making of critical intermediates such as (1) sulphuric acid and (2) hydrofluoric acid which are precursors to its Mafron brand of refrigerants.
- With more than 40 plus years of strong leadership and position in “fluorine chemistry” and “refrigerant science”, NFIL offers safe and high-quality refrigerants for various refrigeration and air conditioning applications.
- Refrigeration Gases have implication in (1) Window and split room air conditioners, (2) Chillers, packaged air conditioners and commercial, and industrial refrigeration units, (3) Intermediate for API’s, (4) Fluoropolymer resins, (5) Domestic and industrial refrigerators, and (6) Mobile air conditioning (MAC)
Inorganic Fluorides
- NFIL set up an integrated fluorochemicals complex at Surat (Gujarat) in the year 1967. It has one of the biggest Anhydrous Hydrofluoric (AHF) and Aqueous Hydrofluoric acid manufacturing capacities in India.
- Inorganic Fluorides cater to various end-use industries such as; (1) Oil & Gas, (2) Stainless Steel, (3) Pharmaceutical & Agrochemicals, (4) Abrasives, (5) Electronics, (6) Solar energy
- The Company enjoys a decent market share and superb relationship with large global consumers of inorganic fluorides.
Speciality Fluorides
- Having expertise, built through years of knowledge and experience in fluorine chemistry, and coupled with state of art manufacturing infrastructure enables NFIL to produce a wide range of value-added Specialty fluoro intermediates in large quantities in a safe and responsible manner.
- Industries and Application segments are (1) Pharmaceuticals, (2) Crop protection, (3) Hydrocarbon, (4) Fragrances
Contract Research and Manufacturing Services (CRAMS)
The Company is in the business of offering Contract Research and Manufacturing Services (CRAMS) for custom chemical syntheses of fluorinated compounds for the pharmaceuticals, agrochemicals and speciality chemicals industries.
Listed On:
The shares of Navin Fluorine International Limited are presently listed at Bombay Stock Exchange (BSE); CODE 532504 and National Stock Exchange (NSE) as NAVINFLUOR
Stock Info: Navin Fluorine International
Share Holding Pattern
Financials: Navin Fluorine International
Conclusion
Navin Fluorine International Ltd is a consistent worldwide leader offering organo-fluorine chemistry expertise for nearly 50 years with operations in the UK and India.
Promoters of the company are having more than 31% stake with 0% pledge shares.
Along with this, some of the top institutions like Barclays Wealth Trustees India Private Limited, CANARA ROBECO MUTUAL FUND, DSP SMALL CAP FUND, GOLDMAN SACHS INDIA LIMITED, L AND T MUTUAL FUND TRUSTEE LTD, PRINCIPAL MUTUAL FUND, RELIANCE SMALL CAP FUND, Sundaram Mutual Fund, and Ajay Upadhyaya is having more than 1% stake in the company.
The company is planning a Capex programme at Dahej (Gujarat) through a wholly-owned subsidiary with an estimated aggregate capital outlay of over INR 450 Cr over the next 3 to 4 years, out of which INR 90 Cr has already been approved by the company’s board for site development and infrastructure for greenfield projects at Dahej through a wholly-owned subsidiary, to be incorporated (Source – BSE)
On the technical front, Navin Fluorine International is trading well above its 50 EMA (917) and 200 EMA (789) on the daily chart.
Keeping the above-listed factors in mind, Navin Fluorine International Limited looks good at INR 965. Finblab recommends investing in the stock in a staggered manner for medium to long term.
Value Pick Stock: December 2019
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