Navin Fluorine International share price
NSE: NAVINFLUORBSE: 532504Chemicals & PetrochemicalsSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹7,662.00.
27 Oct: open ₹7,724.50, high ₹8,317.00, low ₹7,720.00
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹42,350 Cr251st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 53.63
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.66
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.18%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.31
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,23,52460.8% delivered
About Navin Fluorine International
Navin Fluorine International Limited is a fluorine chemistry company: it makes refrigerant gases, inorganic fluorides and specialty fluorine chemicals, and offers contract research and manufacturing services.1 Its customers include global life science and crop science companies, stainless steel makers and air-conditioner manufacturers, in India and across North America, Europe, the Middle East and Asia Pacific.23
It reports 3 business verticals: High Performance Products (HPP), Specialty Chemicals, and contract development and manufacturing (CDMO).4 HPP makes refrigerant gases sold under the Mafron brand and inorganic chemicals such as hydrofluoric acid.5 Specialty Chemicals makes complex, multi-stage fluorine chemicals for global crop science, life sciences and performance materials companies.6 The CDMO business, Navin Molecular, develops, scales up and makes complex compounds for global drug companies.7 It has 4 manufacturing units, at Surat and Dahej in Gujarat, Dewas in Madhya Pradesh and Runcorn in the UK, and 3 research centres.8910 The Dahej plant belongs to its wholly owned subsidiary Navin Fluorine Advanced Sciences Limited, which began commercial operations in the year to Mar 2023.1112
It was founded in 1967, when it set up its plant at Surat and introduced refrigerants to India.5 The present company was incorporated in 1998.13 It set up its Dewas site in 1978, and in 2011 it acquired a controlling stake in Manchester Organics in the UK, which it now owns fully.1412
It is part of the Padmanabh Mafatlal Group and is led by Executive Chairman Vishad P. Mafatlal and Managing Director Nitin G. Kulkarni.3
Navin Fluorine International key points
Results
- In the quarter to Jun 2026, consolidated revenue was ₹1,045.1 crore, up 44% on a year earlier; operating EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹357.1 crore, up 73%, a margin of 34.2%; profit after tax was ₹243 crore, up 108%.1516
- In the year to Mar 2026, consolidated revenue was ₹3,313.90 crore, up 41.05%, operating EBITDA ₹1,081.68 crore, up 102.67%, and net profit ₹663.55 crore, up 129.94%. The EBITDA margin was 32.64%, against 22.72% a year earlier.17
- Revenue and profit grew for 6 consecutive quarters up to Mar 2026, the company says.18
- The company became net debt free (cash above borrowings) during the quarter to Jun 2026, and its net working capital (money tied up in day-to-day operations) was 81 days of sales.19
Business segments
- Revenue by business, quarter to Jun 202620Growth on a year earlier: HPP 33%, Specialty Chemicals 48%, CDMO 82%.
Item quarter to Jun 2026 HPP ₹540 crore Specialty Chemicals ₹325 crore CDMO ₹180 crore - Revenue by business, year to Mar 202621Shares of revenue: HPP 48.75%, Specialty Chemicals 34.76%, CDMO 16.49%.
Item year to Mar 2026 year to Mar 2025 HPP ₹1,615.38 crore ₹1,206.14 crore Specialty Chemicals ₹1,152.09 crore ₹800.42 crore CDMO ₹546.43 crore ₹342.82 crore
Plants and capacity
- Anhydrous hydrofluoric acid (AHF), a key input for its refrigerants, is now made at both Surat and Dahej.2425
- The company said on its call of 5 Aug 2026 that it has 9,000 to 10,000 tonnes of capacity for R32, a refrigerant gas.26
- In the year to Mar 2026 it produced 2,40,032.35 tonnes across 74 offerings.27
- Commercial production at Phase 1 of the cGMP-4 plant at Dewas, built to drug-making quality rules, began on 31 Dec 2025 after its European partner validated batches.28
Research and development
- R&D spending was ₹48.71 crore in the year to Mar 2026. The Surat research centre has 65 chemists and 40 engineers; the drug development teams have 70 people at Dewas and 18 at Runcorn.29
- In CDMO, the company said on its call of 5 Aug 2026 that it was working on 30 to 40 molecules, about 10 of them in late stage.30
- In advanced materials, at least 4 to 5 products have been qualified by customers, and the company is developing a specialty material in India with DRDO, the defence research organisation.3132
Expansion and capital spending
- In its presentation of 5 Aug 2026, the company said its ₹236.5 crore HFC project, equal to up to 15,000 tonnes a year of R32, was on track for the quarter to Dec 2026, with peak revenue potential of ₹600 to 825 crore a year.3334
- On its earnings call of 5 Aug 2026, the company said it had started the ₹125 crore Phase 2 of its cGMP4 plan, part of ₹288 crore approved earlier, for its European CDMO partner, with operations expected by the quarter to Mar 2027.35
- In its presentation of 5 Aug 2026, the company said it plans ₹90 crore of capacity at Surat to bring advanced materials for data centres, electronics, defence and semiconductors to commercial scale by the quarter to Sep 2027.363738
- In its presentation of 5 Aug 2026, the company said its ₹120 crore plant to make Chemours's Opteon immersion cooling fluid for data centres, 35% funded by Chemours, was targeted for the quarter to Sep 2026. Its documents give no outcome.3940
What the company expects
- On its earnings call of 5 Aug 2026, the company said it expects its EBITDA margin to stay around 32% to 33%, plus or minus 1%, as new capacities come in.41
- On its earnings call of 5 Aug 2026, the company said it aims to make advanced materials a material business by the end of the decade, one that should look like its CDMO business today.42
Recent events
- On 29 Sep 2026, its subsidiary Navin Fluorine Advanced Sciences began commercial production from the ₹75 crore debottlenecking (removing output limits) of its multi-purpose plant at Dahej.43
- On 13 Aug 2026, CARE Ratings upgraded the company's credit rating (an agency's view of its ability to repay debt) to CARE AA+; Stable from CARE AA; Stable.44
- On 6 Feb 2026, a new ₹450 crore hydrofluoric acid plant at Dahej, with capacity of 40,000 tonnes a year, began commercial production.45
- On 11 Jul 2025, it allotted 16,02,564 shares to qualified institutional buyers at ₹4,680 each, raising ₹750 crore, used to repay borrowings and for general corporate purposes.4647
Last updated
All 47 sources, each with its page
- 1. Annual report, 15 Jul 2026, page 291
- 2. Annual report, 15 Jul 2026, page 135
- 3. Annual report, 15 Jul 2026, page 10
- 4. Annual report, 15 Jul 2026, page 112
- 5. Annual report, 15 Jul 2026, page 30
- 6. Annual report, 15 Jul 2026, page 32
- 7. Annual report, 15 Jul 2026, page 34
- 8. Annual report, 15 Jul 2026, page 14
- 9. Annual report, 15 Jul 2026, page 3
- 10. Annual report, 15 Jul 2026, page 194
- 11. Annual report, 15 Jul 2026, page 131
- 12. Annual report, 15 Jul 2026, page 94
- 13. Annual report, 15 Jul 2026, page 3
- 14. Annual report, 15 Jul 2026, page 11
- 15. Investor presentation, 5 Aug 2026, page 4
- 16. Earnings call, 5 Aug 2026, page 6
- 17. Annual report, 15 Jul 2026, page 13
- 18. Annual report, 15 Jul 2026, page 6
- 19. Earnings call, 5 Aug 2026, page 6
- 20. Earnings call, 5 Aug 2026, page 5
- 21. Annual report, 15 Jul 2026, page 93
- 22. Annual report, 15 Jul 2026, page 14
- 23. Annual report, 15 Jul 2026, page 112
- 24. Annual report, 15 Jul 2026, page 31
- 25. Annual report, 15 Jul 2026, page 30
- 26. Earnings call, 5 Aug 2026, page 8
- 27. Annual report, 15 Jul 2026, page 14
- 28. Exchange filing, 31 Dec 2025, page 1
- 29. Annual report, 15 Jul 2026, page 43
- 30. Earnings call, 5 Aug 2026, page 13
- 31. Earnings call, 5 Aug 2026, page 10
- 32. Earnings call, 5 Aug 2026, page 4
- 33. Investor presentation, 5 Aug 2026, page 6
- 34. Investor presentation, 5 Aug 2026, page 11
- 35. Earnings call, 5 Aug 2026, page 4
- 36. Investor presentation, 5 Aug 2026, page 9
- 37. Investor presentation, 5 Aug 2026, page 10
- 38. Earnings call, 5 Aug 2026, page 16
- 39. Investor presentation, 5 Aug 2026, page 11
- 40. Annual report, 15 Jul 2026, page 42
- 41. Earnings call, 5 Aug 2026, page 15
- 42. Earnings call, 5 Aug 2026, page 6
- 43. Exchange filing, 29 Sep 2026, page 1
- 44. Exchange filing, 13 Aug 2026, page 1
- 45. Exchange filing, 6 Feb 2026, page 1
- 46. Annual report, 15 Jul 2026, page 18
- 47. Annual report, 15 Jul 2026, page 95
Results
Consolidated; ₹ crore.Navin Fluorine International quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +42.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +122.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,045 Crup 11.45%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹243 Crup 14.43%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 23.3%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 519 | 606 | 701 | 725 | 758 | 892 | 938 | 1,045 |
| Net profit | 59 | 84 | 95 | 117 | 148 | 185 | 213 | 243 |
| Net margin | 11.3% | 13.8% | 13.5% | 16.2% | 19.6% | 20.8% | 22.7% | 23.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,314 Crup 41.05%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹664 Crup 129.94%
- Net margin
- 20.0%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 748 | 925what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹13 crore, a tax on the goods the company makes that it collects and pays to the government. | 996 | 1,062 | 1,179 | 1,453 | 2,077 | 2,065 | 2,349 | 3,314 |
| Net profit | 138 | 180 | 149 | 409 | 258 | 263 | 375 | 271 | 289 | 664 |
| Net margin | 18.5% | 19.4% | 15.0% | 38.5% | 21.8% | 18.1% | 18.1% | 13.1% | 12.3% | 20.0% |
Business segments
In the year to Mar 2026 the company reports one business segment, Chemicals, which carries all its revenue.
Valuation
Today, against the company's own history.Navin Fluorine International PE ratio and valuation
At or below today's level on 51% of 2,478 trading days over the last 10 years.
At or below today's level on 81% of 1,980 trading days since Oct 2018.
At or below today's level on 2% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +46.6% | +124.5% | −34.8% | 0.2% |
| 3 years | +13.3% | +20.0% | −5.8% | 0.3% |
| 5 years | +17.8% | +20.2% | −2.3% | 0.3% |
Mutual fund holdings
229 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 68 of the 112 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 229 funds holding Navin Fluorine International
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 48
- CutCut. Funds that held fewer shares than at the end of the month before.
- 64
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 113
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 16,31,795 | 3.28% | ₹1,345.4 Cr | |
| 5,67,368 | 0.58% | ₹467.8 Cr | |
| 5,22,648 | 1.40% | ₹430.9 Cr | |
| 4,21,874 | 1.88% | ₹347.8 Cr | |
| 4,16,326 | 1.13% | ₹343.3 Cr | |
| 4,08,970 | 2.01% | ₹337.2 Cr | |
| 3,51,974 | 0.97% | ₹290.2 Cr | |
| 3,00,000 | 1.05% | ₹247.4 Cr | |
| 2,80,000 | 3.62% | ₹230.9 Cr | |
| 2,61,357 | 1.00% | ₹215.5 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Navin Fluorine International insider trading
- Employees0 purchases, 1 saleNo purchase₹0.12 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹0.12 Cr3 off-market moves
- Promoters and promoter group: no market trade · 1 pledge released
- Others: no market trade · 18 pledge filings of unclear kind
Navin Fluorine International competitors and peers
Specialty Chemicals, 130 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Navin Fluorine International in market cap.Chemical companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,47,688 | 55.75 | 13.63 | +14.1% | +21.4% | 25.7% | 30.3% | 0.79% | |
| 69,215 | 30.32 | 4.52 | +19.7% | +41.1% | 16.0% | 15.1% | 0.43% | |
| 46,529 | 75.66 | 5.92 | +9.5% | −1.1% | 8.1% | 9.8% | 0.07% | |
| 20,406 | – | 8.31 | +33.8% | – | – | 10.7% | 0.00% | |
| 19,525 | 24.93 | 3.35 | +7.1% | +29.2% | 14.0% | 14.8% | 0.52% | |
| 15,938 | 20.65 | 2.42 | +18.1% | +42.4% | 12.4% | 12.5% | 0.55% | |
| 15,805 | 29.75 | 2.65 | +27.1% | +123.7% | 9.2% | 7.9% | 0.23% | |
| 15,660 | 35.74 | 5.88 | +7.3% | +5.7% | 17.7% | 17.6% | 0.22% |
Dividends
Per share, by the year it was paid for, and the latest payments.Navin Fluorine International dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.60 |
| 7 Nov 2025 | Interim | ₹6.50 |
| 4 Jul 2025 | Final | ₹7.00 |
| 7 Nov 2024 | Interim | ₹5.00 |
| 5 Jul 2024 | Final | ₹7.00 |
| 10 Nov 2023 | Interim | ₹5.00 |
Latest announcements
Routine notices left out.Navin Fluorine International announcements
Sep 2026
30 Sep · Analysts
16 Sep · Rating
7 Sep · Analysts
Navin Fluorine International annual report, year to Mar 2026
Navin Fluorine International share price by year
Each calendar year to 2025.Navin Fluorine International share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 5,920.00 | +82.4% | 6,144.00 | 3,280.25 |
| 2024 | 3,245.80 | −15.8% | 3,867.85 | 2,924.25 |
| 2023 | 3,853.20 | −5.3% | 4,850.20 | 3,424.15 |
| 2022 | 4,069.25 | −2.8% | 4,807.30 | 3,450.00 |
| 2021 | 4,188.50 | +60.3% | 4,243.95 | 2,292.10 |
| 2020 | 2,612.20 | +159.4% | 2,730.55 | 979.75 |
| 2019 | 1,006.95 | +44.1% | 1,030.35 | 577.65 |
| 2018 | 698.90 | −15.8% | 842.65 | 599.45 |
| 2017 | 830.45 | +64.3% | 869.45 | 497.96 |
| 2016 | 505.33 | +34.9% | 563.04 | 257.50 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 7,644.50 | 7,740.00 | 7,510.50 | 7,662.00 | 7,639.32 | 1,90,403 | 70.7% |
| 23 Oct 2026 | 7,911.00 | 7,934.50 | 7,601.00 | 7,668.50 | 7,733.93 | 99,142 | 51.7% |
| 22 Oct 2026 | 8,010.00 | 8,018.00 | 7,849.00 | 7,946.50 | 7,927.43 | 87,255 | 49.4% |
| 21 Oct 2026 | 8,132.50 | 8,180.50 | 7,916.00 | 8,014.50 | 8,013.33 | 1,11,009 | 58.7% |
| 19 Oct 2026 | 8,167.00 | 8,198.00 | 8,111.00 | 8,152.50 | 8,159.39 | 39,470 | 57.4% |
| 16 Oct 2026 | 8,274.50 | 8,274.50 | 8,093.00 | 8,167.00 | 8,153.92 | 93,801 | 56.3% |
| 15 Oct 2026 | 8,520.00 | 8,528.50 | 8,187.50 | 8,247.50 | 8,283.82 | 1,17,703 | 60.2% |
| 14 Oct 2026 | 8,500.00 | 8,598.00 | 8,416.00 | 8,457.00 | 8,496.04 | 63,526 | 45.8% |
| 13 Oct 2026 | 8,600.00 | 8,600.00 | 8,330.50 | 8,468.00 | 8,406.32 | 71,479 | 44.1% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 19 Jul 2017 | Split | 0.2000 | Each share became 5. |
| 7 Jun 2012 | Price move | – | A corporate action went ex within three days of this move (Final Dividend Rs.6.50 Per Share And Special Dividend Rs.60 Per Share, ex-date 7 Jun 2012), and its terms do not account for the move. Not adjusted for. |
Company details
- NSE symbol
- NAVINFLUOR
- BSE code
- 532504
- ISIN
- INE048G01026
- Industry
- Chemicals & Petrochemicals
- Website
- www.nfil.in
- CIN
- L24110MH1998PLC115499
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1998
- Registered office
- Office No. 602, Natraj by Rustomjee, Near Western Express Highway, Sir Mathuradas Vasanji Road, Andheri (East), Mumbai 400069, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments