Navin Fluorine International Ltd. share price target

Navin Fluorine’s (NFIL) stellar 1QFY17 performance was led by the CRAMS segment. Revenues were at Rs 1.6bn (+9% YoY), with ~65% of the incremental sales from CRAMS. A better product mix and benefits from lower RM cost (fluorspar, chloroform) led to an alltime high EBITDA margin of 24.2% (+714bps YoY). EBITDA was Rs 397mn (+55%) and APAT Rs 286mn (+58% YoY).HDFC Securities Maintain BUY with a TP of Rs 2,700/sh (20x FY18E EPS).

Trendlyne has 5 reports on NAVINFLUOR updated in the last year from 2 brokers with an average target of Rs 2425.Brokers have a rating for NAVINFLUOR with 3 price upgrades in past 6 months.

Navin Fluorine International Ltd (NFIL) is one of the largest and the most respected Indian manufacturers of speciality fluorochemicals. It belongs to the Arvind Mafatlal Group one of India's oldest industrial houses. Established in 1967, NFIL operates one of the largest integrated fluorochemicals complexes in India with manufacturing...

Navin Fluorine (NFIL) reported a stellar performance led by the CRAMS segment. Revenues were at Rs 1.9bn ( 30% YoY), with 2/3rd of the incremental sales from the segment. A better product mix led to EBITDA margin of 18.9% ( 505bps YoY) and EBITDA of Rs 539mn ( 96%). Lower other income slightly affected APAT growth at Rs 3,215mn ( 90% YoY).

Navin Fluorine (NFIL) reported muted revenues as robust growth in CRAMS was negated by de-growth in specialty chemicals and refrigerants. A better product mix led to EBITDA margin of 15.8% ( 293 bps) and EBITDA of Rs 230mn ( 22% YoY). Higher depreciation, interest cost and tax rate led to 4% decline in APAT to Rs 136mn.

Navin Fluorine (NFIL) reported stellar results with EBITDA growing at 129% YoY to Rs 317mn and PAT at Rs 232mn ( 131% YoY). This was mainly because of higher realisation for R22 and better product mix in specialty chemicals. Pickup in R22 prices is led by (1) The government banning the import of pre-filled cylinders, which pushed up demand from OEMs, and (2) 10% cut in domestic output of R22 in 2015 under the Montreal Protocol.

Navin Fluorine International (NFIL) established in 1967, is one of India's leading manufacturer of Refrigerant Gas (R22) and world's leading manufacturer of Boron trifluoride (BF3) along with other fluorine compounds. Post Kyoto Protocol, NFIL is required to phase out manufacturing of R22 in...