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Navin Fluorine International Share Price Live

NAVINFLUOR

Small Cap | Chemicals

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About Navin Fluorine International

History

Navin Fluorine International Ltd. was listed in September 2003. In 1967, the company established the first Integrated Fluorochemicals complex in South East Asia (excluding Japan) to produce HF, refrigerant gases, and a range of inorganic fluorides at Surat. In 1978, the company set up a facility at Dewas to produce Alkylated Anilines. In 1999, the company commenced the manufacturing of organic and inorganic Specialty Fluoride at Surat.  In 2000, the Surat plant also started producing the Fluorobenzene and Benzotrifluoride series. In the following year, they set up the first large-scale plant in South East Asia for the production of Boron Trifluoride Gas at Surat. They also commissioned a Trifluoroethanol plant in 2005 and a CDM plant in 2007. In 2008, the Navin Research Innovation Centre (NRIC) was inaugurated in Surat.  In 2011, a CGMP plant was commissioned in Dewas. In 2016, the company formed an agreement with Honeywell to work on the latest generation of refrigerant gas, named HFO-1234yf. In FY 2021, the company commissioned a new plant for fluorine-related Contract Research and Manufacturing Services (CRAMS). In 2022-23, the High-Performance Products (HPP) business commenced plant operations at Dahej Unit. The Specialty Chemicals business also commenced its operations at the Dahej Unit to supply certain fluorine-based agri-intermediates.

Business Segments

The company primarily has 3 business verticals:
  1. Specialty Chemicals Business - This vertical is further divided into the Crop Science and Performance Material sectors. It brought in ₹743 crore of revenue, i.e. 36% of the total revenue in FY 2022-23.
  2. CDMO (Contract Development and Manufacturing Organisation) Business - This vertical provides pharmaceutical products to major pharma companies trying to outsource clinical and commercial products. This segment brought in 21% of the total revenue in FY 2022-23.
  3. High-Performance Products Business - This involves the production of a wide variety of chemicals such as Hydrofluoroolefins (HFO), inorganic fluorides such as ammonium bi-fluoride, potassium fluoride, sodium fluoride, etc. This segment brought in 43% of the company’s revenue in FY 2022-23.
Subsidiaries The Company has a total of 6 subsidiaries and 1 joint venture. Some of the major subsidiaries include:
  1. Manchester Organics Limited (MOL) - Navin Fluorine owns 100% of this specialized chemicals research company in Runcorn, U.K.
  2. Navin Fluorine (Shanghai) Co. Ltd. - It is a wholly owned foreign enterprise incorporated in order to have a strategic presence closer to the source of key raw materials for the company’s specialty and CDMO business.
  3. Navin Fluorine Advanced Sciences Limited (NFASL) - Assets capitalised in NFASL include capitalisation for plant supplying HFOs to Honeywell, and specialty chemical plants to supply fluorine-based agr-intermediates.

Key Personnel

Mr. Radhesh R. Welling, Managing Director Shri Radhesh Welling has worked for over 22 years in various roles, ranging from innovation to sales and marketing as well as Corporate Strategy. This includes experience across multiple geographies. In his previous role, he was the CEO and Executive Director of Laxmi Organic Industries Ltd., a specialty chemicals company. Before that, he had worked with J.M. Huber Corporation for 8 years, mostly out of their headquarters in Atlanta, USA.

Corporate Actions

The company conducted the following corporate actions: Stock Split The company split its stock from the face value of ₹10 to ₹2 per share with a record date of July 20, 2017. Mergers and Acquisitions
  • In 2011, the company completed the acquisition of Manchester Organics Limited, UK.
  • In 2019, a 100% subsidiary, NFIL (UK) Ltd was formed in the UK in order to acquire the balance shareholding of 49% from the shareholders of Manchester Organics Ltd.

Parent Organisation
Padmanabh Mafat
Managing Director
V P Mafatlal
Founded
1998
NSE Symbol
NAVINFLUOR

Peer Comparision

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Community Discussion

A
AngelOne
12th April 2024
Navin Fluorine: Positioned for a Strong Comeback; CRAMS to Play a Crucial Role The stock is buzzing on the bourses as it gained 0.50% on Friday, breaking out of an inverted head and shoulders pattern with massive volume. It formed a strong, bullish candle. In the final trading session of the week, the Indian benchmark indices are witnessing a sell-off, with Nifty slipping below the level of 22,650 and Sensex below the 74,600 mark. The majority of sectors were seen trading in the red, led by Nifty Pharma and Nifty FMCG, while Nifty Realty, Nifty Auto, and Nifty Energy were the only sectors seen trading in the green. The performance of broader indices was buoyant, with Nifty Mid-cap and Small-cap trading higher by 0.8% and 0.14%, respectively. Navin Fluorine in Focus One stock that has caught the attention of investors is Navin Fluorine International (NFIL), one of the largest and most respected Indian manufacturers of specialty fluorochemicals. The company has four main strategic business units: Refrigeration Gases, Inorganic Fluorides, Specialty Fluorides, and Contract Development and Manufacturing Organization (CDMO). Inverted Head and Shoulder Pattern The stock is buzzing on the bourses as it gained 0.50% on Friday, breaking out of an inverted head and shoulders pattern with massive volume. It formed a strong, bullish candle and closed above the moving average ribbon, trading 4.21% above the 50DMA. The Bollinger bands are expanding, the MACD line moved above the zero line, and the RSI has shifted its range into the bullish zone. It also closed above the 23.6% retracement level of the prior fall, above the Anchored VWAP, and the KST is in bullish mode. In short, the stock has registered a strong bullish breakout. 800×578 66.2 KB Role of NFIL in CRAMS Contract research and manufacturing services (CRAMS) is a major growing category worldwide, and NFIL produces many chemicals that are major compounds used in manufacturing key intermediates of several drugs. With the recent price correction in the stock price after the departure of its CEO, it seems to be overdone. Ultimately, now the focus would shift to earnings. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Navin Fluorine International Limited FAQs

Navin Fluorine International Limited (NAVINFLUOR) share price as of July 24, 2024, on NSE is Rs 3530 (NSE) and Rs 3530 (BSE) on BSE.
Yes, You can buy Navin Fluorine International Limited (NAVINFLUOR) shares by opening a Demat account with Angel One.
Navin Fluorine International Limited (NAVINFLUOR) share can be bought through the following modes:
1. Direct investment: You can buy Navin Fluorine International Limited (NAVINFLUOR) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Navin Fluorine International Limited (NAVINFLUOR) shares.
The main business of Navin Fluorine International is to produce and sell speciality fluorochemicals. Its business is spread across four segments, including inorganic fluorides, refrigeration gases, contract development & manufacturing organisation (CDMO), and speciality fluorides.
Some of the top promoters of Navin Fluorine International include Mafatlal Impex Private Limited, Mafatlal Exim Pvt Ltd, Vishad Padmanabh Mafatlal, Vishad Mafatlal as Trustee of Vishad P Mafatlal Family Trust No. 1, Padmanabh Arvind Mafatlal (HUF), Pamil Investments Pvt Ltd, and Vishad Padmanabh Mafatlal Public Charitable Trust No. 1.
The main subsidiaries that come under Navin Fluorine International are Sulakshana Securities Limited, India, Manchester Organics Limited, United Kingdom, Navin Fluorine (Shanghai) Company Limited, China, NFIL (UK) Limited, United Kingdom, and Navin Fluorine Advanced Sciences Limited, India.
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