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Reduce Navin Fluorine Ltd For Target Rs. 3,500 By Emkay Global Financial Services Weak near-term demand; maintain REDUCE NFIL’s Q2 revenue was up 10% YoY at Rs5.2bn (flat QoQ), owing to: i) higher R32 sales and improved R22 realizations in HPP business; ii) lower contribution from the specialty chemical business due to cautious outlook and competitive pressure; and iii) improved contribution from the CDMO business with focus on late/commercial-stage molecules. EBITDA was in line with estimates at Rs1bn (up 9% YoY/7% QoQ) with margin at 20.7% (flat YoY). While grow...
Reduce Navin Fluorine Ltd For Target Rs. 3,500 By Emkay Global Financial Services
Reduce Navin Fluorine Ltd For Target Rs. 3,500 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-01 10:28:32 am
Reduce Navin Fluorine International Ltd For Target Rs.3,656 By Centrum Broking Ltd In Q1FY25, Navin Fluorine (Navin) experienced a subdued sequential performance, with revenues and EBITDA declining by 13.0% and 8.8%, respectively. Nonetheless, gross margins improved 600bps QoQ leading to operating margin expansion by 90bps QoQ, reaching 19.2%. Q1 revenue was primarily driven by higher contribution from HPP segment as HFO operations stabilized and new R32 capacity boosted sales. However, Speciality segment faced pressure, with 37.0% QoQ revenue decline due to inventory ratio...
Reduce Navin Fluorine International Ltd For Target Rs.3,656 By Centrum Broking Ltd
Reduce Navin Fluorine International Ltd For Target Rs.3,656 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-08-01 05:41:10 pm
Neutral Navin Fluorine International Ltd. For Target Rs.3,110 - Motilal Oswal Financial Services Strong performance led by Specialty and HPP businesses -      Navin Fluorine’s (NFIL) EBITDA/PAT grew 13%/42% YoY in 4QFY24, higher than our estimates. The beat was driven by a strong performance in the Specialty Chemicals business, which was well supported by growth in the HPP segment. Gross margin was 50%, while EBITDA margin dipped 10.7pp YoY to 18.3%. -      The Specialty Chemicals business posted strong revenue growt...
Neutral Navin Fluorine International Ltd. For Target Rs.3,110 - Motilal Oswal Financial Services
Neutral Navin Fluorine International Ltd. For Target Rs.3,110 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-04 11:13:13 am
Accumulate Navin Fluorine International Ltd For Target Rs. 3,727 - Prabhudas Liladhar Ltdl Navin Fluorine International (NFIL) reported a revenue of 5bn (-11% YoY/ 6.4% QoQ), the topline growth was impacted due to postponement of sales for key molecules to next fiscal and channel inventory destocking. CDMO dragged performance for the quarter, however the company has entered into a strategic partnership with a US based CDMO player, which will help in deeper penetration into US market. The stock is trading at 31x FY26E EPS of Rs 106.5, with an expected improvement in RoE to ~20%, des...
Accumulate Navin Fluorine International Ltd For Target Rs. 3,727 - Prabhudas Liladhar Ltdl
Accumulate Navin Fluorine International Ltd For Target Rs. 3,727 - Prabhudas Liladhar Ltdl
Source: Prabhudas Liladhar
2024-03-01 12:42:57 pm
Accumulate Navin Fluorine International For Target Rs3,727 - Prabhudas lilladher Navin Fluorine International (NFIL) reported a revenue of 5bn (-11% YoY/ 6.4% QoQ), the topline growth was impacted due to postponement of sales for key molecules to next fiscal and channel inventory destocking. CDMO dragged performance for the quarter, however the company has entered into a strategic partnership with a US based CDMO player, which will help in deeper penetration into US market. The stock is trading at 31x FY26E EPS of Rs 106.5, with an expected improvement in RoE to ~20%, des...
Accumulate Navin Fluorine International For Target Rs3,727 - Prabhudas lilladher
Accumulate Navin Fluorine International For Target Rs3,727 - Prabhudas lilladher
Source: Prabhudas Liladhar
2024-02-18 11:11:40 am
Accumulate Navin Fluorine International Ltd for target Rs. 3,727 - Prabhudas Lilladher Pvt. Ltd Navin Fluorine International (NFIL) reported a revenue of 5bn (-11% YoY/ 6.4% QoQ), the topline growth was impacted due to postponement of sales for key molecules to next fiscal and channel inventory destocking. CDMO dragged performance for the quarter, however the company has entered into a strategic partnership with a US based CDMO player, which will help in deeper penetration into US market. The stock is trading at 31x FY26E EPS of Rs 106.5, with an expected improvement in RoE to ~20%, des...
Accumulate Navin Fluorine International Ltd for target Rs. 3,727 - Prabhudas Lilladher Pvt. Ltd
Accumulate Navin Fluorine International Ltd for target Rs. 3,727 - Prabhudas Lilladher Pvt. Ltd
Source: Prabhudas Liladhar
2024-02-15 03:15:06 pm
Neutral Navin Fluorine Ltd For Target Rs.3,460 - Motilal Oswal Macro headwinds to have an adverse short-term impact * Navin Fluorine (NFIL) reported 29%/28% lower-than-estimated EBITDA/PAT due to subdued performances in the Specialty Chemicals/CDMO businesses QoQ. Gross margin stood at 57.2%, while EBITDA margin dipped 150bp YoY to 20.8%. NFIL lost ~INR1b in revenue in 2Q due to macro headwinds and deferment of some orders. At the normal level, revenue could have been ~INR5.5-5.7b (in line with our est.) * The Specialty Chemical segment disappointe...
Neutral Navin Fluorine Ltd For Target Rs.3,460 - Motilal Oswal
Neutral Navin Fluorine Ltd For Target Rs.3,460 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2023-11-08 12:25:22 pm
Add Navin Fluorine Ltd For Target Rs.3,881 - Centrum Broking Ltd plant (Honeywell) post its shutdown in June, slower stabilization of R32 project, along with deferred revenues in Specialty/ CDMO. Navin’s Revenues/ EBITDA/ PAT thus declined 3.9%/ 13.9%/ 1.5% QoQ at Rs4.7bn/ Rs0.9bn/ Rs606mn. Nonetheless, management cited strong order book across business segments with lost revenues to be recouped partially in Q3. Balance sheet has ballooned with gross debt at ~Rs12.3bn and net debt at ~Rs7.8bn. Navin’s approved fund raise plan is in place and sh...
Add Navin Fluorine Ltd For Target Rs.3,881 - Centrum Broking Ltd
Add Navin Fluorine Ltd For Target Rs.3,881 - Centrum Broking Ltd
Source: Centrum Broking Ltd
2023-11-04 11:23:12 am
Neutral Navin Fluorine International Ltd For Target Rs.4,245 - Motilal Oswal Financial Services Long-term growth unfazed by near-term hiccup* On 28th Sep?23, Mr. Radhesh Welling had tendered his resignation as the Managing Director of the company for personal reasons. The resignation would be effective from 15th Dec?23 and he would continue to serve the company till then ensuring smooth transition.* The company is searching for an external candidate as Mr. Radhesh?s replacement. In the interim, Mr. Vishad P. Mafatlal would steer the operations of the company.* The company doesn?t ex...
Neutral Navin Fluorine International Ltd For Target Rs.4,245 - Motilal Oswal Financial Services
Neutral Navin Fluorine International Ltd For Target Rs.4,245 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-05 03:27:40 pm