Buy Navin Fluorine International, target price Rs 4,490: ICICI Securities
ICICI Securities suggests buying Navin Fluorine International shares. The target price is Rs 4,490. Navin Fluorine's Q4FY25E revenue is expected to grow. The HPP segment will likely see increased revenue. Specialty chemicals and CDMO revenues are ...
By ETMarkets.com |
ETMarkets.com
ICICI Securities has a buy call on Navin Fluorine International with a target price of Rs 4,490. The current market price of Navin Fluorine International is Rs 4102.1 . Navin Fluorine International, incorporated in 1998, is a Mid Cap company with a market cap of Rs 19733.89 crore, operating in the Chemicals sector.
Navin Fluorine International's key products/revenue Segments include Chemicals, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 616.68 crore, up 16.42% from last quarter Total Income of Rs 529.72 crore and up 20.04% from last year same quarter Total Income of Rs 513.74 crore. The company has reported net profit after tax of Rs 83.60 crore in the latest quarter.
The company's top management includes Mr.Vishad P Mafatlal, Mr.Nitin G Kulkarni, Ms.Mohan M Nambiar, Mr.Sunil S Lalbhai, Mr.Sudhir R Deo, Mr.Atul K Srivastava, Mr.Ashok U Sinha, Mr.Sujal A Shah, Mr.Apurva S Purohit, Mr.Vishad P Mafatlal, Mr.Abhijit J Joshi, Mr.Nitin G Kulkarni, Ms.Mohan M Nambiar, Mr.Sunil S Lalbhai, Mr.Sudhir R Deo, Mr.Atul K Srivastava, Mr.Ashok U Sinha, Mr.Sujal A Shah, Mr.Apurva S Purohit, Mr.Abhijit J Joshi. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-12-2024, the company has a total of 5 crore shares outstanding.
Investment Rationale
Promoter/FII Holdings
Promoters held 28.44 per cent stake in the company as of 31-Dec-2024, while FIIs owned 18.55 per cent, DIIs 16.81 per cent.
Navin Fluorine International's key products/revenue Segments include Chemicals, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 616.68 crore, up 16.42% from last quarter Total Income of Rs 529.72 crore and up 20.04% from last year same quarter Total Income of Rs 513.74 crore. The company has reported net profit after tax of Rs 83.60 crore in the latest quarter.
The company's top management includes Mr.Vishad P Mafatlal, Mr.Nitin G Kulkarni, Ms.Mohan M Nambiar, Mr.Sunil S Lalbhai, Mr.Sudhir R Deo, Mr.Atul K Srivastava, Mr.Ashok U Sinha, Mr.Sujal A Shah, Mr.Apurva S Purohit, Mr.Vishad P Mafatlal, Mr.Abhijit J Joshi, Mr.Nitin G Kulkarni, Ms.Mohan M Nambiar, Mr.Sunil S Lalbhai, Mr.Sudhir R Deo, Mr.Atul K Srivastava, Mr.Ashok U Sinha, Mr.Sujal A Shah, Mr.Apurva S Purohit, Mr.Abhijit J Joshi. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-12-2024, the company has a total of 5 crore shares outstanding.
Investment Rationale
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Navin Fluorine's revenue to grow 18.3% YoY (17.4% QoQ) to Rs 7 billion in Q4FY25E. HPP segment's revenue to grow 10.5% YoY (7.3% QoQ) to Rs 3.3 billion on higher offtake by R-32. Specialty chemicals' revenue to grow 5.2% YoY (22.3% QoQ) to Rs 2.7 billion. CDMO revenue to grow 136% YoY/43.4% QoQ to Rs 1.1 billion. EBITDA margin may improve 100bps QoQ to 25.3%. EBITDA/adj. PAT may grow 63.6%/46.2% YoY to Rs 1.8 billion/Rs 1 billion.Promoter/FII Holdings
Promoters held 28.44 per cent stake in the company as of 31-Dec-2024, while FIIs owned 18.55 per cent, DIIs 16.81 per cent.
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