Navin Fluorine International Ltd

Navin Fluorine International Ltd

₹ 3,120 0.36%
27 Feb 4:01 p.m.
About

Navin Fluorine International Ltd is primary engaged in producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services.[1] Its portfolio includes 50+ fluorinated compounds developed over the years.[2]

Key Points

Overview[1]
NFIL, a part of the Padmanabh Mafatlal group, is present in the fluorochemical industry since 1967 and is one of the largest specialty fluorochemical companies and a pioneer in manufacturing of refrigerant gases in India. NFIL’s product portfolio comprises 60+ fluorinated compounds, with them finding application in various industries, like agrochemicals, pharmaceuticals, aluminium smelting, refrigeration, metal processing, abrasives, glass and ceramics. The company is currently headed by second-generation entrepreneur, Vishad Mafatlal, who has over 25 years’ experience in textile and chemical sectors

  • Market Cap 15,465 Cr.
  • Current Price 3,120
  • High / Low 4,950 / 3,001
  • Stock P/E 52.5
  • Book Value 457
  • Dividend Yield 0.22 %
  • ROCE 20.4 %
  • ROE 18.2 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
309 336 327 339 379 409 398 419 564 697 491 472 502
230 252 249 255 280 315 298 325 408 495 377 373 426
Operating Profit 79 84 78 84 99 94 99 94 156 202 114 98 76
OPM % 26% 25% 24% 25% 26% 23% 25% 22% 28% 29% 23% 21% 15%
11 39 9 10 7 12 11 11 10 4 8 23 64
Interest 0 1 0 0 0 1 0 4 9 14 19 20 18
Depreciation 11 12 12 12 12 12 12 18 25 8 21 24 25
Profit before tax 79 111 74 82 94 94 97 83 131 184 82 77 97
Tax % 29% 34% 25% 23% 26% 20% 24% 30% 19% 26% 25% 22% 20%
59 75 56 63 69 75 74 58 107 136 62 61 78
EPS in Rs 11.90 15.11 11.29 12.77 13.88 15.17 15.02 11.67 21.50 27.50 12.41 12.22 15.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
725 550 486 592 680 742 913 996 1,062 1,179 1,453 2,077 2,162
466 467 420 519 561 582 693 777 794 870 1,098 1,527 1,672
Operating Profit 259 83 66 72 118 159 220 219 268 309 356 550 490
OPM % 36% 15% 14% 12% 17% 21% 24% 22% 25% 26% 24% 26% 23%
68 14 31 29 23 55 88 34 29 94 38 36 99
Interest 4 6 6 3 4 3 1 1 2 2 2 28 71
Depreciation 19 21 22 20 22 30 40 28 37 44 48 63 78
Profit before tax 304 70 69 78 116 182 266 224 258 358 344 496 440
Tax % 29% 37% 21% 26% 28% 25% 32% 34% -56% 31% 24% 24%
218 44 68 58 84 137 180 149 409 258 263 375 336
EPS in Rs 44.59 8.89 13.47 11.18 17.08 27.88 36.43 30.15 82.57 52.02 53.09 75.68 67.87
Dividend Payout % 34% 34% 24% 29% 25% 23% 27% 26% 13% 21% 21% 16%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 25%
TTM: 21%
Compounded Profit Growth
10 Years: 24%
5 Years: 15%
3 Years: -3%
TTM: -6%
Stock Price CAGR
10 Years: 50%
5 Years: 39%
3 Years: 7%
1 Year: -24%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 468 494 546 578 636 825 974 1,063 1,402 1,624 1,834 2,175 2,256
95 84 58 61 82 19 13 4 1 25 121 861 1,259
192 138 166 203 228 324 259 231 215 239 420 484 497
Total Liabilities 764 726 779 852 955 1,177 1,256 1,307 1,629 1,898 2,385 3,529 4,022
299 291 288 274 375 561 428 430 529 540 556 1,646 1,803
CWIP 5 9 6 60 20 17 20 39 39 95 742 279 520
Investments 159 201 230 171 170 239 428 427 195 99 118 44 458
301 225 255 346 390 360 380 410 866 1,163 969 1,561 1,241
Total Assets 764 726 779 852 955 1,177 1,256 1,307 1,629 1,898 2,385 3,529 4,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
136 73 74 1 76 92 169 90 157 237 75 -64
-154 41 -26 3 -53 -16 -136 -24 85 -237 -172 -656
26 -100 -49 -21 -17 -67 -39 -68 -81 -45 42 658
Net Cash Flow 8 13 -1 -17 6 10 -6 -3 161 -45 -56 -61

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 33 49 68 74 81 68 62 63 75 88 90 99
Inventory Days 127 107 105 96 89 136 110 91 127 129 149 197
Days Payable 66 70 97 113 112 94 92 58 79 77 85 103
Cash Conversion Cycle 94 86 75 57 57 110 80 96 123 140 154 193
Working Capital Days 19 61 67 60 55 7 47 60 88 116 112 172
ROCE % 65% 13% 11% 11% 17% 22% 29% 21% 21% 22% 19% 20%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
30.22% 30.22% 30.20% 30.19% 29.70% 29.70% 29.40% 29.40% 28.80% 28.80% 28.80% 28.80%
25.10% 26.65% 26.43% 25.25% 23.51% 21.42% 20.07% 19.19% 19.58% 18.50% 19.20% 15.92%
15.82% 15.18% 15.17% 15.98% 18.27% 20.79% 22.67% 23.77% 24.84% 25.97% 26.01% 28.92%
28.86% 27.95% 28.20% 28.58% 28.51% 28.09% 27.86% 27.63% 26.78% 26.72% 25.98% 26.34%
No. of Shareholders 1,26,1641,39,5171,58,9321,63,3751,73,4181,67,7771,60,3941,53,7331,50,5961,49,5821,47,1911,72,816

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls