Latest news with #NavinFluorine
Mint
29-05-2025
- Business
- Mint
Jefferies issues cautious outlook on Indian chemical sector; favors PI Industries and Navin Fluorine
Jefferies has released its latest sectoral update on Indian chemical stocks, delivering a mixed outlook as the industry continues to grapple with muted demand trends and intensifying global pressures. While the brokerage remains cautious on the near-term prospects of the sector, it has identified selective opportunities for investors, recommending a "buy" on PI Industries and Navin Fluorine, while retaining an 'underperform' rating on SRF. According to Jefferies, the global agrochemical landscape remains under stress. Major innovators in the segment are forecasting flat revenue growth in 2025, while pricing pressure in key markets like Latin America persists. Additionally, elevated Chinese exports are creating a supply glut, intensifying competitive pressure across global markets. Crop prices, meanwhile, remain volatile and have failed to offer any significant boost to sentiment. The refrigerant gas (refgas) segment, another key sub-sector, also displayed weakness, with demand largely flat on a year-on-year basis during the March 2025 quarter. This indicates a broader slowdown in industrial consumption trends that is weighing on the performance of several chemical players. Despite the overall softness, Jefferies has expressed optimism on PI Industries, assigning the stock a "buy" rating with a price target of ₹ 4,200, suggesting a potential upside of 9 percent. The brokerage acknowledged short-term headwinds in PI's Custom Synthesis Manufacturing (CSM) portfolio and a slower-than-expected ramp-up in its pharma vertical. However, it noted that traction in newly commercialized products and biologics offers long-term potential. Valuation-wise, the stock currently trades one standard deviation below its historical average, presenting what Jefferies calls an 'attractive entry point' for long-term investors. Navin Fluorine also finds a place in Jefferies' buy list, backed by earnings visibility from new product launches in agrochemicals and Contract Development and Manufacturing Organization (CDMO) segments. The brokerage sees a promising outlook post the March quarter, especially with the recent long-term contract signed with global major Chemours. While near-term earnings estimates remain unchanged, Jefferies expects a robust Compounded Annual Growth Rate (CAGR) of 35 percent in EPS between FY2025 and FY2027. Its target price for Navin Fluorine stands at ₹ 5,280, implying a 23 percent upside. On the other end of the spectrum, Jefferies has reiterated its 'underperform' stance on SRF, assigning a target price of ₹ 2,336. While the company has seen a modest recovery in chemical volumes due to front-loaded US imports, Jefferies remains skeptical of a sustained cyclical upturn. It also highlighted valuation concerns, with the stock trading close to two standard deviations above its long-term average—a level the brokerage deems unattractive in the current environment of limited growth visibility. Overall, Jefferies' latest update underscores the complex dynamics facing Indian chemical stocks. While the sector as a whole faces near-term headwinds from global supply pressures and sluggish demand, select companies like PI Industries and Navin Fluorine stand out for their innovation pipeline, earnings visibility, and attractive valuations. However, Jefferies cautions that investors should remain discerning, especially in high-valuation names like SRF, where the risk-reward profile remains skewed amid uncertain recovery timelines. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
12-05-2025
- Business
- Business Standard
Navin Fluorine shares fall 3% post Q4 results: Here's what brokerages say
Navin Fluorine reported a revenue from operations of ₹700.94 crore in Q4 FY25, up 16.44 per cent year-on-year (Y-o-Y) from ₹601.95 crore in the year-ago period Devanshu Singla New Delhi Navin Fluorine International share price today: Shares of speciality fluorochemicals company Navin Fluorine International fell over 3 per cent to hit an intra-day low of ₹4,435 on Monday after the company reported its March 2025 quarter (Q4FY25) results. At 2:10 PM on Monday, Navin Flourine's stock was quoting at ₹4,444, down 3.3 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading at 24,842.25, up 834.25 points or 3.5 per cent. The stock reversed gains after hitting a 52-week high of ₹4,748 in today's trading session. The company's total market capitalisation stood at ₹22,030.47 crore. Navin Fluorine Q4 FY25 result update Navin Fluorine reported a revenue from operations of ₹700.94 crore in Q4 FY25, up 16.4 per cent year-on-year (Y-o-Y) from ₹601.95 crore in the year-ago period. The company's earnings before interest, tax, depreciation and amortisation (Ebitda) rose 62.4 per cent to ₹178.71 crore compared to ₹110.04 crore in the corresponding quarter of the previous fiscal. Ebitda margin improved 721 basis points (bps) to 25.5 per cent from 18.3 per cent. The company's profit after tax (PAT) came in at ₹94.98 crore, up 35 per cent from ₹70.38 crore in the year-ago period. According to the MOFSL report, with the increasing use of fluorine in the pharma and agro space, battery chemicals, and performance materials, the CDMO (Contract Development and Manufacturing Organisation) business of Navin Flourine is expected to grow at a compound annual growth rate (CAGR) of 53 per cent of over FY25-27. The company has already identified opportunities in its segments, such as a capability capex in speciality chemicals with ₹360 million in peak revenue, Fermion contract with a value of $30 million over three years, and a strategic agreement with Chemours to set up an initial commercial capacity for manufacturing of an innovative liquid cooling product, which is expected to be commissioned in Q1 FY27. Citing expensive valuations, the brokerage has maintained a 'Neutral' rating on the stock with a target price (TP) of ₹5,060. Axis Securities According to analysts at Axis Securities, Navin Fluorine continues to prioritise business expansion, enhancement of its technology capabilities, development of strategic partnerships and long-term sustainable growth. "While we acknowledge upside risks in terms of quicker-than-expected ramp-up in utilisation levels and contributions from new products, we believe the stock has already priced in most positives, and a further re-rating would depend on the successful execution and validation of growth initiatives," the brokerage said in a research note. Axis Securities has downgraded the stock from 'Buy' to 'Hold'; however, raised the target price to ₹4,440 from ₹4,300 earlier. PL Capital The brokerage firm says that the recent expansion of R-32 capacity by 5,000 mtpa was commercialised in March 2025 and is already operating at optimal utilisation levels. Additionally, the ongoing capex for AHF (Anhydrous Hydrogen Fluoride) is on track for commissioning by the September 2026 quarter (Q2 FY26). The company's speciality chemicals segment remained flat Y-o-Y, with both the Dahej and Surat facilities running at optimal capacity. According to the research note, the company management has indicated strong order visibility for FY26, with two new molecules scheduled to begin commercial supplies in Q1 FY26. "We believe long-term fundamentals of the company are intact. The strong order pipeline, expanding capacity, and improving realisations are expected to be key growth drivers going forward," the brokerage said. It has maintained an 'Accumulate' rating on the stock. Established in 1967, Navin Fluorine International is one of the largest speciality fluorochemical manufacturers in India. It is primarily engaged in the production of refrigeration gases, inorganic fluorides, speciality organofluorines and offers contract research and manufacturing services. The company's portfolio includes more than 50 fluorinated compounds with manufacturing facilities in Surat and Dahej in Gujarat and Dewas in Madhya Pradesh. Its Surat facility specialises in the manufacturing of refrigerants, various organic and inorganic fluorides.
Mint
12-05-2025
- Business
- Mint
Dr Reddy's, Navin Fluorine to Birla Corporation: These seven stocks declare dividends
Dividend Stocks: Dr Reddy's, Navin Fluorine, Birla Corporation, Triveni Turbines, Shakti Pumps (India) Limited, Electrosteel Castings, and Apollo Pipes are among seven key stocks that declared dividends for investors over the weekend or post-market hours on Friday. Dr. Reddy's Laboratories: The Board of Dr Reddy's on May 9, 2025, recommended a final dividend of ₹ 8/- per equity share of ₹ 1/- each for the financial year 2024-25. Navin Fluorine: The company board on May 9 declared a final dividend of ₹ 7/- per equity share (350% taking into consideration face value) for FY 2024-2025. The dividend, as per Navin Fluorine, is to be approved by the Members of the Company at the forthcoming 27th Annual General Meeting, which is scheduled to be held on July 31, 2025. The record date decided by Navin Fluorine stands as Friday, July 4, 2025 Final Dividend, if declared, shall be paid on or after Friday, August 8, 2025. Birla Corporation: Birla Corp also recommended a dividend of ₹ 10 per share (i.e. 100% taking into consideration the face value) on 7,70,05,347 ordinary shares for the Financial Year 2024-25. As per Birla Corp, the dividend shall be paid within 30 days from the date of approval by the shareholders at the ensuing Annual General Meeting of the company. Triveni Turbine Limited: The Board of Triveni Turbines recommended a final dividend @200%, taking into account the face value of the share, i.e. ₹ 2/- per fully paid-up equity share of the face value of ₹ 1 each for the financial year 2024-25. The dividend is subject to approval of the shareholders at the ensuing Annual General Meeting ('AGM') to be held on Monday, September 8, 2025. The dividend, if approved at the AGM, shall be paid to the shareholders, subject to deduction of tax at source, within thirty days from the date of declaration, as per Triveni Turbine. Shakti Pumps (India) Limited: Shakti Pumps recommended the final dividend of ₹ 1/- per equity share of face value of ₹ 10/- each, which amounts to 10% considering the face value of the share, for the financial year ended March 31, 2025. The dividend as per Shakti Pumps is subject to the approval of members in the ensuing Annual General Meeting (AGM) of the company. Electrosteel Castings: Electrosteel Castings recommended a final dividend of ₹ 1.40 (amounting to 140% on face value) per equity share of face value of ₹ 1 each for the financial year ended March 31, 2025. Apollo Pipes Limited: Apollo Pipes announced a final dividend of ₹ 0.70/-per equity share of ₹ 10/- each (7% on considering the face value) for the financial year ended March 31, 2025. This shall be paid or dispatched as per Apollo Pipes to the shareholders within 30 days of declaration, and any further information in this regard, as per Apollo Pipes, including record date etc. shall be given to the stock exchanges in due course.
Mint
12-05-2025
- Business
- Mint
Dr Reddy's, Navin Fluorine to Birla Corporation: These seven stocks declare dividend
Dividend Stocks: Dr Reddy's, Navin Fluorine, Birla Corporation, Triveni Turbines, Shakti Pumps (India) Limited, and Electrosteel Castings Ltd Apollo Pipes Limited are among Seven key stocks declared dividend for investors over the weekend or post market hours on Friday and their share price will remain in Focus on Monday Dr. Reddy's Laboratories Limited - The Board of Dr Reddy's on 9 May 2025 Recommended a final dividend of Rs. 8/- per equity share of Rs. 1/- each for the financial year 2024-25. NAVIN FLUORINE INTERNATIONAL LIMITED- Navin Fluorine on 9 May 2025 declared final dividend of ₹ 7/- per equity share (350% taking into consideration face value) for FY 2024-2025, as recommended by the Board at its Meeting held today i.e. on May 09, 2025. The dividend as per Navin Flurine is to be approved by the Members of the Company at the forthcoming 27th Annual General Meeting, which is scheduled to be held on July 31, 2025. The Record date decided by Navin Fluorine stands on Friday, July 04, 2025 Final Dividend, if declared shall be paid on or after Friday, August 08, 2025. BIRLA CORPORATION Ltd - Birla Corp also Recommended Dividend of `Rs10 per share (i.e. 100% taking into consideration the face value) on 7,70,05,347 ordinary shares for the Financial Year 2024-25. As per Birla Corp the dividend shall be paid within 30 (thirty) days from the date of approval by the shareholders at the ensuing Annual General Meeting of the Company Triveni Turbine Limited- The Board of Triveni Turbines recommended a final dividend @ 200% taking into account the face vlue of the share i.e. Rs. 2/- per fully paid-up equity share of the face value of Re. 1/- each for the financial year 2024-25. The same as per Triveni Turbine is subject to approval of the shareholders at the ensuing Annual General Meeting ('AGM') to be held on Monday, September 8, 2025. The dividend, if approved at the AGM, shall be paid to the shareholders, subject to deduction of tax at source, within thirty days from the date of declaration, as per Triveni Turbine. Shakti Pumps (India) Limited- Shakti Pumps recommended the final dividend of Rs. 1/- per Equity Shares of face value of Rs. 10/- each, which amounts to 10 % considering the face value of share, for the financial year ended March 31, 2025. The same as per Shakti Pumps are subject to approval members in the ensuing Annual General Meeting (AGM) of the Company Electrosteel Castings- The Electrosteel Castings recommended a final dividend of Rs. 1.40 (amounting to 140% on face value) per Equity Share of face value of Re. 1/_each for the Financial Year ended 31 March1 20l5: Apollo Pipes Limited- Apollo Pipes announced a final Dividend of Rs. 0.70/-(Seventy Paisa Only) per equity share of Rs. 10/- each (7% on considering the Face Value) for the financial year ended March 31, 2025. This shall be paid or dispatched as per Apollo Pipes to the shareholders within 30 days of declaration and any further information in this regard as per Apollo Piped including record date etc. shall be given to the stock exchanges in due course Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
08-05-2025
- Business
- Yahoo
The Chemours Co (CC) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Chemours reduced its dividend by 65% to $8.75 per share to balance capital return to shareholders with balance sheet flexibility. The company's adjusted EBITDA decreased to $166 million from $191 million in the prior year, primarily due to lower pricing and unfavorable currency movements. Chemours reported a net loss of $4 million for the first quarter, compared to a net income of $54 million in the prior year. Chemours anticipates a significant cash flow benefit of approximately $100 million to $115 million from the expiration of high-grade ore feedstock contracts by 2027. The company successfully ramped up its 40% capacity expansion of Opteon feedstock at the Corpus Christi site, ensuring no disruption to customer orders despite a brief outage. The Chemours Co ( NYSE:CC ) reported a 40% year-over-year net sales increase in Opteon Refrigerants, driven by increased demand for blend due to the US AIM Act transition mandate. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Dividend Reduction: Declared a dividend for the second quarter at a reduced rate of $8.75 per share, reflecting a 65% reduction. Free Cash Flow: Use of $196 million, compared to a use of $392 million in the prior year. Net Loss: $4 million or $0.03 per diluted share, compared to net income of $54 million or $0.36 per diluted share in the prior year. Story Continues Q & A Highlights Q: Can you provide details on the strategic venture with Navin Fluorine and its capacity? A: Denise Dignam, President and CEO, explained that the partnership with Navin Fluorine is crucial for commercialization. They are investing $14 million in the asset, which is sized for both commercial lease stages and process technology refinement. This will support field trials, with the capacity to conduct dozens of trials and expand volume as customer commitments are secured. Q: Regarding TiO2, is 2025 EBITDA expected to be higher than 2024, and can you clarify the ore savings? A: Shane Hostetter, CFO, confirmed that 2025 EBITDA for TiO2 is expected to be better than 2024. The ore savings, ranging from $100 million to $150 million, are cash flow benefits expected as contracts expire in 2026 and 2027, with significant benefits anticipated in 2027. Q: Why was the dividend cut now, and why not eliminate it completely? A: Shane Hostetter, CFO, stated that resizing the dividend provides balance sheet flexibility to execute strategic priorities and grow the company. The reduction aligns with an appropriate payout in the chemicals and industrial space, maintaining attractiveness while allowing financial flexibility. Q: How are TiO2 prices trending in regulated markets, and what is the outlook? A: Denise Dignam, President and CEO, noted price stabilization in fair-trade markets with volume increases. They do not provide forward pricing guidance but see stabilization in these markets. Q: What are the assumptions for the cash flow conversion range in the second half of the year? A: Shane Hostetter, CFO, explained that the range is influenced by working capital unwind and earnings dynamics. The lower investments in the second half are due to a focus on critical and essential spending, with capital expenditures adjusted to reflect this strategy. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
