On 6 Nov 2026, Navin Fluorine International was priced at ₹9,010.00, or 50.8× trailing earnings, against an industry P/E of 18.2×, and the shares are close to their 52-week high. It earns ROCE of 19% and ROE of 23%, and sales and net profit grew 16% and 21% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.28× equity. It is a mid-cap company with a market cap of ₹46,250 Cr, the largest of 76 Chemicals companies by market cap; the shares rose 46% over the past year.
- ₹8,780.00
- ₹9,035.00
- ₹8,665.50
- ₹8,845.00
- 2.2 L
Health check
- ReturnsAhead
+46.1% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 50.8 vs industry 18.2.
- GrowthStrong
Sales +16.5%, profit +20.9% a year over 3 years.
- ProfitabilityAverage
ROCE 18.7% vs peer median 9.7%.
- Balance sheetSolid
Debt 0.28× equity, interest covered 8.4×, Piotroski 8 of 9.
- Red flags1 to check
P/E of 50.8 against an industry P/E of 18.2.
Mid cap
Defensive
Key metrics
- Market cap
- ₹46,250 Cr
- Mid cap
- P/E
- 50.8
- Industry 18.2
- Price to book
- 10.36
- Peers 2.62
- Dividend yield
- 0.18%
- ROE
- 22.6%
- Peers 11.7%
- ROCE
- 18.7%
- Peers 9.7%
- Debt to equity
- 0.28
- Debt ₹1,248 Cr
- EPS (TTM)
- ₹177.36
- Face value ₹2
- OPM (TTM)
- 34.3%
- Net margin 22.4%
- Sales growth
- +57.0%
- Latest quarter vs a year ago
- Profit growth
- +80.6%
- Latest quarter vs a year ago
- Price to sales
- 11.38
- EV/EBITDA 33.2
Strengths and risks
Strengths
- Return on equity of 22.6%.
- Quarterly profit up 80.6% on a year ago.
- Quarterly sales up 57.0% on a year ago.
- Net margin of 22.4%.
Risks to check
- P/E of 50.8 against an industry P/E of 18.2.
About Navin Fluorine International
Navin Fluorine International Limited manufactures and sells specialty fluorochemicals in India and internationally. The company offers refrigerants for various applications, including room air conditioning, commercial refrigeration, industrial cooling, mobile air conditioning, cold chain, and heat pumps under the Mafron brand for original equipment manufacturers, service technicians, and equipment owners. It also provides inorganic fluoride products, such…
- Headquarters
- Mumbai
- Employees
- 1,569
- Sector
- Basic Materials
- ISIN
- INE048G01026
- Website
- nfil.in
Price range
- Avg volume (3M)
- 1.5 L
- 1-year return
- plus 46.1%
- From 52-week high
- minus 0.3%
Analyst consensus
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| FOSECOINDFoseco India | 5,958.50 | minus 1.72% | 4,513 | 45.8 | 35.4 | 9.0% | 21.3% | 0.00 | 16.5% | plus 6.5% |
| Median of 7 peers | – | −1.36% | 8,178 | 32.8 | 22.3 | 9.7% | 18.0% | 0.27 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 725 | 892 | 938 | 1,045 | 1,191 | |
| 519 | 585 | 617 | 688 | 783 | |
| 207 | 308 | 321 | 357 | 407 | |
| 28.5% | 34.5% | 34.2% | 34.2% | 34.2% | |
| 13.9 | 15.6 | 17.6 | 35.1 | 15.6 | |
| 30.4 | 28.3 | 28.9 | 32.1 | 28.7 | |
| 35.2 | 36.2 | 41.2 | 41.7 | 42.8 | |
| – | −20.5 | 13.7 | – | – | |
| 155 | 238 | 282 | 318 | 352 | |
| 24.5% | 22.2% | 24.7% | 23.6% | 23.4% | |
| 117 | 185 | 213 | 243 | 269 | |
| 23.59 | 36.13 | 41.43 | 47.39 | 52.41 |
Profit & loss
- Sales CAGR 3Y
- +16.5%
- Profit CAGR 3Y
- +20.9%
- EPS CAGR 3Y
- +20.0%
- ROE
- 22.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,065 | 2,048 | 2,330 | 3,262 | |
| – | minus 0.8% | +13.7% | +40.0% | |
| 1,514 | 1,648 | 1,796 | 2,179 | |
| 551 | 400 | 534 | 1,084 | |
| 26.7% | 19.5% | 22.9% | 33.2% | |
| 23 | 38.9 | 17.5 | 17.3 | |
| 27.5 | 74.6 | 77.9 | 118 | |
| 62.6 | 96.2 | 119 | 149 | |
| 12 | 67.5 | 26.2 | 39.3 | |
| 496 | 336 | 380 | 873 | |
| 24.3% | 19.4% | 24.1% | 24.0% | |
| 375 | 271 | 289 | 664 | |
| – | minus 27.9% | +6.7% | +129.9% | |
| 75.44 | 54.49 | 58.14 | 130.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.9 | 9.9 | 9.9 | 10.3 | |
| 2,175 | 2,373 | 2,616 | 3,964 | |
| 861 | 1,369 | 1,467 | 1,272 | |
| 483 | 626 | 737 | 1,132 | |
| 3,529 | 4,377 | 4,830 | 6,379 | |
| 1,870 | 2,511 | 2,975 | 3,340 | |
| 365 | 777 | 378 | 162 | |
| 10.9 | 8.1 | 7.4 | 16.4 | |
| 50.3 | 496 | 495 | 1,303 | |
| 1,233 | 584 | 975 | 1,557 | |
| 3,529 | 4,377 | 4,830 | 6,379 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −63.6 | 750 | 571 | 894 | |
| −656 | −1,094 | −511 | −1,235 | |
| 658 | 336 | −46.7 | 344 | |
| −61.3 | −7.8 | 13 | 2.9 | |
| −758 | −732 | −567 | −489 | |
| −821 | 17.5 | 4 | 404 | |
| −54.3 | −74.3 | −59.5 | −68 |
Shareholding pattern
- Promoters27.08%
- Public72.92%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 27.08% | 72.92% | 0.00 | |
| 30 Jun 2026 | 27.08% | 72.92% | minus 0.03 | |
| 31 Mar 2026 | 27.11% | 72.89% | 0.00 | |
| 31 Dec 2025 | 27.11% | 72.89% | minus 0.01 | |
| 30 Sep 2025 | 27.12% | 72.88% | – |
Major shareholders
Filings & events
News
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