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Navin Fluorine International Ltd (NAVINFLUOR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532504 NSE: NAVINFLUOR Chemicals | Small Cap | Navin Fluorine Intl. Share Price

₹7,790.65 -97.60 (-1.24%)

As on 22-Jul'26 15:42

Navin Fluorine International Ltd (NAVINFLUOR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532504 NSE: NAVINFLUOR Chemicals | Small Cap | Navin Fluorine Intl. Share Price

₹7,790.65 -97.60 (-1.24%)

As on 22-Jul'26 15:42

Key Metrics
Valuation Multiples
Market Cap
₹40,467 Cr.
Current Price
₹7,790.7
52-Week Low / High
₹4,500 / 7,930
TTM EPS
₹95.1
TTM Sales
₹2,302 Cr.
Book Value per Share
₹711
P/E Ratio
82.98
Higher than its 5-year historical median
Industry PE
54.3
Price to Book (P/B)
11.10
Higher than its 5-year historical median
Price to Sales (P/S)
17.58
Higher than its 5-year historical median
EV/EBITDA
53.79
Higher than its 5-year historical median
Dividend Yield
0.19%
Profitability Efficiency
Return on Equity (ROE)
15.94%
Outperforms industry median
Return on Capital Employed (ROCE)
21.43%
Outperforms industry median
Return on Assets (ROA)
11.80%
Operating Profit Margin
29%
Net Profit Margin
21.19%
Gross Profit Margin
32.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
36.46%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
95.84%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
101.57%
Asset Quality
Promoter Holding
27.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,637 Cr.
Equity
₹10.3 Cr.
Face Value
₹2
All Time Low / High
₹5.24 / 7897.00

Navin Fluorine International stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Navin Fluorine International Ltd a good quality company?
Navin Fluorine International Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Navin Fluorine International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Navin Fluorine International Ltd vs industry peers?
Navin Fluorine International Ltd revenue CAGR is 10.54%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Navin Fluorine International Ltd?
Promoters hold 27.11% of the Navin Fluorine International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Navin Fluorine International Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 33.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Navin Fluorine International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 23.8%29.3%22.4%21.1%27%19.8%21%13.3%13.3%21.4%-
Value Creation
Index
0.71.10.60.61.40.50.90.00.00.9-

Growth Parameters

Sales 6958739551,0221,1331,4041,6281,4211,6872,3022,302
Sales YoY Gr.-25.7%9.4%7%10.8%23.9%16%-12.7%18.7%36.5%-
Adj EPS 26.433.630.180.250.75462.639.848.896.795.1
YoY Gr.-27.1%-10.4%166.6%-36.8%6.6%15.9%-36.4%22.5%98.1%-
BVPS (₹) 167.8196.2213.8280.2332.8376428.5460.7498.6711.7711
Adj Net
Profit
129166149397251268310198242495488
Cash Flow from Ops. 95.117390.1155296237152556261511-
Debt/CF from Ops. 00000000.10.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.2%15.2%12.2%36.5%
Adj EPS 15.5%13.8%15.6%98.1%
BVPS17.4%16.4%18.4%42.7%
Share Price 33% 14.8% 21.1% 56.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
17.718.514.732.416.515.215.58.910.116.113.4
Op. Profit
Mgn %
21.724.923.325.927.625.525.916.620.12928.8
Net Profit
Mgn %
18.61915.638.822.219.119.113.914.321.521.2
Debt to
Equity
00000000000
Working Cap
Days
293268282307315320339363258207154
Cash Conv.
Cycle
5049557080881061055431117

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6958739551,0221,1331,4041,6281,4211,6872,302
Operating Expenses + 5456637377628221,0481,2061,1851,3481,638
Manufacturing Costs133152156153159214225230278312
Material Costs287358425435484604686636750996
Employee Cost 779197117116153203210218221
Other Costs 49625957637792111101109
Operating Profit 150211218261311355422236339664
Operating Profit Margin (%) 21.6%24.1%22.8%25.5%27.4%25.3%25.9%16.6%20.1%28.8%
Other Income + 56913531753741675688
Exceptional Items 00006600520-7
Interest 0102122538
Depreciation 28382634414443587080
Profit Before Tax 177262227257410347418292321656
Tax 448478-143110811065779169
Profit After Tax 133179148400299266312235242488
PAT Margin (%) 19.1%20.5%15.6%39.1%26.4%19.0%19.2%16.6%14.3%21.2%
Adjusted EPS (₹)27.136.330.080.860.553.863.147.548.895.2
Dividend Payout Ratio (%)23.30%27.60%26%13.60%18.20%20.50%19%31.60%24.60%15.90%

Valuation of Navin Fluorine Intl. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8219681,0571,3861,6471,8632,1232,2832,4733,647
Share Capital 10101010101010101010
Reserves 8119581,0471,3761,6381,8532,1132,2732,4633,637
Debt +000000040350
Long Term Debt0000000000
Short Term Debt000000040350
Minority Interest0000000000
Trade Payables76896892103142116234269450
Others Liabilities 540509581454561578728553641752
Total Liabilities 1,4371,5661,7061,9332,3112,5832,9683,1093,4194,850

Fixed Assets

Net Fixed Assets +411276281370362388428633745869
Gross Block4393253544734985596388921,0671,251
Accumulated Depreciation284873103136171210258323382
CWIP 172039393726154455464
Investments 3165225272964506197361,1541,4202,359
Inventories999293136154229327215169199
Trade Receivables131147167209276352393320442600
Cash Equivalents 30222225838978146765
Others Assets 435486576624643890916735582693
Total Assets 1,4371,5661,7061,9332,3112,5832,9683,1093,4194,850

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 9517390155296237152556261511
PBT 177262227257410347418292321656
Adjustment -24-31-213-651731-284324
Changes in Working Capital -28-9-64-68-68-47-189326-26-12
Tax Paid -31-50-71-4619-81-108-35-77-157
Cash Flow From Investing Activity + -20-149-3277-345-181-157-517-183-1,129
Capex -175-46-61-97-38-58-192-87-179-181
Net Investments 13-13419171-9129383-40210-747
Others 14231103-216-417-48-28-14-200
Cash Flow From Financing Activity + -62-33-59-76-44-58-59-46-76626
Net Proceeds from Shares 032113100747
Net Proceeds from Borrowing 0000000000
Interest Paid -0-1-0-2-1-2-2-5-3-4
Dividend Paid -34-35-61-71-39-54-54-74-60-68
Others -2800-4-4-5-433-14-49
Net Cash Flow 13-9-1156-93-3-64-717

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.2420.0114.6732.7319.7315.1815.6810.6710.1715.94
ROCE (%)23.8429.3422.3721.127.0419.8420.9913.2713.3221.43
Asset Turnover Ratio0.570.590.580.560.530.570.590.470.520.56
PAT to CFO Conversion(x)0.710.970.610.390.990.890.492.371.081.05
Working Capital Days
Receivable Days66.8057.2060.1067.3078.2081.7083.5091.6082.5082.70
Inventory Days4039.4035.4040.9046.8049.9062.4069.6041.5029.20
Payable Days107.2084.1067.2067.2073.4073.7068.60100.60122.40131.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *3.153.151.061.061.061.081.081.080.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Navin Fluorine International Ltd FAQs

The current trading price of Navin Fluorine Intl. on 22-Jul-2026 15:42 is ₹7,790.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Jul-2026 the market cap of Navin Fluorine Intl. stood at ₹40,466.7 Cr

The latest P/E ratio of Navin Fluorine Intl. as of 21-Jul-2026 is 82.98.

The latest P/B ratio of Navin Fluorine Intl. as of 21-Jul-2026 is 11.10.

The 52-week high of Navin Fluorine Intl. is ₹7,929.9 and the 52-week low is ₹4,500.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Navin Fluorine Intl. is ₹2,302 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Navin Fluorine International Ltd is a good quality company.

The key valuation ratios of Navin Fluorine International Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Navin Fluorine International Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Navin Fluorine International Ltd

Navin Fluorine International Limited (NFIL) belongs to a reputed industrial house of the Arvind Mafatlal Group. The company owns one of India’s largest integrated flurochemicals complexes. It produces a wide range of flurochemicals in the bulk and speciality segment. It is a public limited company, incorporated under the provisions of the Companies Act, 1956. Its shares are listed on the Bombay and National stock exchanges. The Company belongs to the Padmanabh Mafatlal Group, with a legacy of business operations since 1967, having one of the largest integrated fluorochemicals complex in India.

Business area of the company

The Company primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers Contract Research and Manufacturing Services. Its manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.

Business Units

Refrigeration: NFIL introduced refrigerants into India in 1967 by commissioning its manufacturing plant at Surat, Gujarat, Western India. It is backward integrated into the manufacture of critical intermediates namely sulphuric and hydrofluoric acid which are precursors to its Mafron brand of refrigerants. With over forty years of leadership in fluorine chemistry and refrigerant science, NFIL offers safe, high performance and high quality refrigerants for various refrigeration and air conditioning applications.

Inorganic Fluorides: NFIL set up an integrated fluorochemicals complex at Surat in 1967. It has one of the largest Anhydrous Hydrofluoric (AHF) and Aqueous Hydrofluoric acid manufacturing capacities in India. AHF is used for captive manufacture of various inorganic fluorides. NFIL has a long and rich experience in manufacturing various inorganic fluorides with capacity, flexibility and experienced work force. NFIL has the ability to develop products as per customer’s need. NFIL enjoys a respectable market share and excellent relationship with large global consumers of inorganic fluorides. Additional investments are planned to enhance capacities and widen the product range.

Specialty Fluorochemicals: The Company’s expertise, built through decades of experience in fluorine chemistry, coupled with state of art manufacturing infrastructure enables the company to produce a wide range of value added Specialty fluoro intermediates in large quantities in a safe and responsible manner.  NFIL has dedicated multipurpose plants (MPP) to process multi step products and intermediates which are high in the value chain. It has capabilities to handle complex chemistries and deliver high quality products in all forms. NFIL is one of the leading high quality producers of Boron trifluoride gas and it’s adducts.

CRAMS: NFIL is in the business of offering Contract Research and Manufacturing Services (CRAMS) for custom chemical syntheses of fluorinated compounds for the pharmaceuticals, agro chemicals and speciality chemicals industries.

Awards

2014-15:

  • During the year, the Company’s facility at Surat received various HSE awards and recognitions and letters of appreciation from the Government of Gujarat, National Safety Council, etc. The Company run several in-house HSE awareness programmes at all its locations.

2015-16:

  • The Surat plant of the Company has been awarded with the “Silver Trophy” and a certificate by National Safety Council of India for commendable Occupational Safety & Health performance. It is the only manufacturing unit in the catagory in Gujarat to get this award during 2015-16, which exemplifies the Company’s commitment towards safety.

2016-17:

  • During the year, the Company has been declared a Winner in the Category of “Operational Excellence in Safety” for its Responsible Care Initiatives in Distribution at the Manufacturing & Supply Chain Summit Awards 2017; which exemplifies the Company’s commitment towards safety.
  • The Surat & Dewas Plants of the Company have secured Certificates of Appreciation for Safety in Operations from the National Safety Council during the year.

2017-18:

  • NFIL wins accolades at the Indian Chemical Council Safety Awards

2018-19:

  • During the year, the Company has been conferred two awards by the Indian Chemical Council (ICC). One was the ICC award for “Excellence in Human Resource Management in Chemical Industry” for the year 2017 and the second was Certificate of Merit for the “Best Compliant Company for the Distribution Code under Responsible Care” for the year 2017. 
  • Apart from these, the Company also received the “CSR Excellence Award 2018” for Health and Sanitation in Gujarat CSR Summit - 2018.

2019-20:

  • During the year, the Company was awarded by ET NOW as “Emerging Company of the Year”.
  • It also received an award from the Indian Chemical Council (ICC) for “The Best Compliant Company for Emergency Response Code under Responsible Care” for the year 2018.

Milestones

  • 1967: Establishment of the First Integrated Fluorochemicals Complex in South East Asia (excluding Japan) to produce HF, refrigerant gases and a range of inorganic fluorides at Surat, Western India
  • 1969: Commencement of commercial production of refrigerant gases
  • 1978: Facility was set up at Dewas to produce Alkylated Anilines and Toluidine’s
  • 1982: Capacity expansion at Surat for Smelter Fluorides and AIF3
  • 1990: CFC 113 plant commissioned at Surat
  • 1999: Commencement of Organic and Inorganic Specialty Fluoride production at Surat
  • 2000: Commencement of Fluorobenzene and Benzotrifluoride series production at Surat
  • 2001: Set up first large scale plant in South East Asia for production of Boron Trifluoride Gas at Surat
  • 2003: Capacity expansion of Specialty Organic Fluorides at Surat
  • 2004: Commissioned Trifluoroacetic acid plant at Surat
  • 2005: Commissioned Trifluoroethanol plant at Surat
  • 2006: Capacity expansion of Boron Trifluoride Gas
  • 2007: Commissioned CDM plant at Surat
  • 2008: Inauguration of New R & D Centre – Navin Research Innovation Centre (NRIC) at Surat
  • 2009: Start-up of Pilot Plant for scale up of research and development molecules.
  • 2010: Established Multi-purpose plant and CRO at Surat
  • 2011: Capacity expansion of BF3 at Surat
  • 2011: Acquisition of Land at Dahej for further expansion
  • 2011: Acquisition of Manchester Organics Limited, UK
  • 2011: Commissioning of cGMP pilot plant at Dewas
  • 2013: Expansion of multi-purpose plant at Surat
  • 2015: CRAMS cGMP multi-purpose plant
  • 2017-18: Invested in R&D and capacity growth to address growing demand
  • 2018-19: Board approved the capex for creating additional cGMP capacity and associated infrastructure
  • 2019-20: The Company ventured into commercialisation of a number of molecules under evaluation and reported superior growth in existing products
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