Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17347.86 Crore) operating in Chemicals sector.
Navin Fluorine International Ltd. key Products/Revenue Segments include Chemicals, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 349.43 Crore, up 4.19 % from last quarter Total Income of Rs 335.39 Crore and up 6.35 % from last year same quarter Total Income of Rs 328.58 Crore. Company reported net profit after tax of Rs 63.22 Crore in latest quarter.
Investment Rationale
The brokerage retains ADD rating on NFIL with a target price of INR 4,025 on the back of (1) earnings visibility, given long-term contracts, and (2) tilt in sales mix towards high-margin high-value business. EBITDA/APAT were 7/8% above estimates, owing to lower-than-expected raw material costs, higher- than-expected other income, offset by a higher-than-expected opex and depreciation.
Promoter/FII Holdings
Promoters held 30.2 per cent stake in the company as of 30-Sep-2021, while FIIs owned 28.5 per cent, DIIs 13.1 per cent.
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