NAVINFLUOR

Navin Fluorine International share price & financials

Price
₹7,579
Market cap
₹41.8k Cr
Sector
Chemicals
Calls analysed
7
Latest concall · Q1 FY27 · call held 05 Aug 2026

Navin Fluorine International Limited Q1 FY27

Revenue ₹1,045 cr +44%Operating EBITDA ₹357 cr +73%Operating EBITDA Margin 34.2% PAT ₹243 cr +108%

What went well

  • Consolidated revenue grew 44% YoY to INR 1,045 crores, reflecting strong performance across all business verticals.
  • Operating EBITDA increased 73% YoY to INR 357 crores, with the margin expanding by 566 bps to 34.2%.
  • Profit After Tax (PAT) registered a significant growth of 108% YoY to INR 243 crores.
Read the full call →

What Navin Fluorine International Limited does

Navin Fluorine International Limited, the flagship company of the Padmanabh Mafatlal Group, manufactures fluorine-based chemicals across three verticals: High Performance Products (HPP - refrigerant gases and inorganic fluorides such as anhydrous and diluted hydrofluoric acid), Specialty Chemicals (fluorinated intermediates and building-block molecules for agrochemical and industrial customers), and CDMO (Contract Development and Manufacturing Organisation services for global pharma and biotech innovators, from early-stage to commercial-scale molecules). It earns by selling these fluorochemical products and contract-manufacturing/development services to industrial, agrochemical and pharmaceutical customers in India and overseas, and operates one of the country's largest integrated fluorochemical complexes with backward integration into basic feedstock.

Segments

  • High Performance Products (HPP)
  • Specialty Chemicals
  • CDMO (Contract Development and Manufacturing Organisation)
Manufacturing factories
4
Countries with operations
4
Geographies served
3
Total customers
900+
R&D centres
3 (Surat, Dewas/Madhya Pradesh, Manchester UK)
Sales offices
5
Founded 1967Headquarters Mumbai, Maharashtra, IndiaEmployees 1,498 (March 31, 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 4 delivered 4 missed 10 open
  • AHF Project Commissioning delivered, diluted said Q3 FY25 Promised: Commissioning by early FY26 Q1 FY27: Already achieved in a prior quarter.
  • Annual Capex Framework FY26 went quiet said Q4 FY25 Promised: ₹500-600 crores Q1 FY27: Target period FY26 has passed. Final capex figure was not provided.
  • Chemours Project Commissioning delayed said Q4 FY25 Promised: Completion by Q1 FY27 Q1 FY27: Chemours project is now targeted for completion by end of Q2 FY '27, a delay from the original Q1 FY27 target.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 44.1%, net profit up 107.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue519 606 701 725 758 +46%892 +47%938 +34%1,045 +44%
EBITDA107 147 179 207 246 +130%308 +110%321 +79%357 +72%
Net profit59 84 95 117 148 +151%185 +120%213 +124%243 +108%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +78.8% 1Y

₹5.0k₹6.0k₹7.0k₹8.0k₹9.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 30 Oct 2025Q3 FY26 — 9 Feb 2026Q4 FY26 — 29 Apr 2026Q1 FY27 — 5 Aug 2026

1Y: ₹4,777.7 on 10 Sept 2025 → ₹8,543.5. High ₹8,775.5 (9 Sept 2026), low ₹4,552.2 (29 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
−0.3%
5 Aug
Q4 FY26
+2.0%
29 Apr
Q3 FY26
+2.8%
9 Feb
Q2 FY26
−0.0%
30 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 16.8% a year over 3 years, FY23 to FY26. Operating margin widened to 32.7%.

Year endingFY23FY24FY25FY26
Revenue₹2.1k Cr₹2.1k Cr₹2.4k Cr₹3.3k Cr
Operating profit₹551 Cr₹398 Cr₹533 Cr₹1.1k Cr
Operating margin26.5%19.3%22.7%32.7%
Interest₹27 Cr₹74 Cr₹78 Cr₹117 Cr
Depreciation₹63 Cr₹96 Cr₹120 Cr₹149 Cr
Net profit₹375 Cr₹271 Cr₹289 Cr₹663 Cr
Net margin18.0%13.1%12.3%20.0%
ROCE20.0%11.0%11.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr
Reserves₹1.6k Cr₹1.8k Cr₹2.2k Cr₹2.4k Cr₹3.6k Cr₹4.0k Cr
Borrowings₹25 Cr₹121 Cr₹861 Cr₹1.4k Cr₹1.2k Cr₹1.3k Cr
Other liabilities₹239 Cr₹420 Cr₹484 Cr₹626 Cr₹865 Cr₹1.1k Cr
Total liabilities₹1.9k Cr₹2.4k Cr₹3.5k Cr₹4.4k Cr₹5.6k Cr₹6.4k Cr
Fixed assets₹540 Cr₹556 Cr₹1.6k Cr₹1.9k Cr₹2.8k Cr₹3.3k Cr
Capital work in progress₹95 Cr₹742 Cr₹279 Cr₹711 Cr₹550 Cr₹143 Cr
Investments₹99 Cr₹118 Cr₹44 Cr₹495 Cr₹798 Cr₹1.2k Cr
Other assets₹1.2k Cr₹969 Cr₹1.6k Cr₹1.3k Cr₹1.5k Cr₹1.7k Cr
Total assets₹1.9k Cr₹2.4k Cr₹3.5k Cr₹4.4k Cr₹5.6k Cr₹6.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +2.18 pp while the public trimmed −0.99 pp.

Promoters
27.1%
FIIs
23.7%
DIIs
28.5%
Public
20.7%

Since Jun 2025

  • FIIs +2.18 pp
  • Public −0.99 pp
  • Promoters −0.93 pp

How it drifted, 12 quarters

Over this window the public fell from 26.0% to 20.7% — −5.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 28.8%, FIIs 19.2%, DIIs 26.0%, Public 26.0%.Dec '23: Promoters 28.8%, FIIs 15.9%, DIIs 28.9%, Public 26.3%.Mar '24: Promoters 28.8%, FIIs 15.6%, DIIs 28.6%, Public 27.0%.Jun '24: Promoters 28.8%, FIIs 18.0%, DIIs 27.3%, Public 25.9%.Sep '24: Promoters 28.4%, FIIs 18.2%, DIIs 28.2%, Public 25.1%.Dec '24: Promoters 28.4%, FIIs 18.6%, DIIs 28.5%, Public 24.6%.Mar '25: Promoters 28.4%, FIIs 20.2%, DIIs 30.0%, Public 21.4%.Jun '25: Promoters 28.0%, FIIs 21.6%, DIIs 28.7%, Public 21.7%.Sep '25: Promoters 27.1%, FIIs 22.1%, DIIs 29.6%, Public 21.2%.Dec '25: Promoters 27.1%, FIIs 23.7%, DIIs 28.1%, Public 21.1%.Mar '26: Promoters 27.1%, FIIs 23.8%, DIIs 27.6%, Public 21.5%.Jun '26: Promoters 27.1%, FIIs 23.7%, DIIs 28.5%, Public 20.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Navin Fluorine International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
MAFATLAL IMPEX PRIVATE LIMITED (Mafatlal Exim Pvt Ltd amalgamated with Mafatlal Impex Pvt Ltd) 25.42%unchanged
SBI Mutual Funds Mutual fund4.93%+1.13 pp
Life Insurance Corporation Of India Insurer3.55%−1.65 pp
Government Pension Fund Global Sovereign3.55%−0.37 pp
Axis Mutual Fund Trustee Limited Mutual fund2.36%unchanged
Aditya Birla Sun Life Trustee Private Limited - 2 Mutual fund1.45%+0.16 pp
Nippon Life India Trustee Ltd. Mutual fund1.29%unchanged
HSBC Mutual Fund Mutual fund1.28%newly disclosed
Investor Education And Protection Fund Authority 1.16%unchanged
Baroda BNP Paribas ELSS Fund Mutual fund1.08%unchanged
Vanguard Total International Stock Index Fund Global fund house1.05%unchanged
Ajay Upadhyaya 1.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in NAVINFLUOR

Filings to Aug 2026

1 new, 7 added, 1 trimmed, 0 sold out — net +0.11 L shares (+0.3%).

Held by funds
₹3.1k Cr
25 schemes
Biggest holder
SBI Smallcap Fund
₹1.4k Cr · 3.3% of that fund
SchemeHoldingLast month
SBI Smallcap Fund SBI Mutual Fund₹1.4k Crheld
Nippon India Small Cap Fund Nippon India Mutual Fund₹492 Crheld
SBI MultiCap Fund SBI Mutual Fund₹260 Crheld
SBI MNC Fund SBI Mutual Fund₹243 Crheld
SBI ELSS Tax Saver Fund SBI Mutual Fund₹201 Crheld
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹104 Crheld
SBI Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP) SBI Mutual Fund₹102 Crheld
SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund₹63 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 1 trimmed — net +11,417 shares (+0.3%)

Funds are sitting on
+53%
vs est. average cost
Held by funds
₹3.1k Cr
25 schemes · ≈ 6.5% of the company
Biggest holder
SBI Smallcap Fund
₹1.4k Cr · 3.3% of that fund

Shares held by these funds +56%

Aug '23 35.62 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹8544, this stock must grow earnings at 33% every year for 7 years. Our analysis caps realistic growth at ~20%. At that growth it is worth ₹4443 — downside of 48%.

Growth the price implies
33.0% a year
for 7 years, fading to 4%
It has actually compounded at
20.9% a year
net profit, FY23–FY26 · EPS 19.8%
The gap
0.1 pp
-48% downside if it only repeats history
Price today ₹8,543.5 Value at the reference growth ₹4,442.82

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Navin Fluorine International Limited

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