Navin Fluorine: Speciality chemicals, CRAMS to lead the way
Navin Fluorine has mandated a large consulting firm to look at the synergistic opportunity presented by speciality chemicals and CRAMS
August 05, 2021 / 11:03 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Navin Fluorine (CMP: Rs 3,515; Market Cap: Rs 17,407 crore) continues to make its mark through a strong growth in the speciality chemicals and CRAMS (contract research and manufacturing services) space.
In the near to medium term, while capex is funneled for new speciality applications in the fluorochemical space, it has mandated a large consultancy to explore synergy opportunity for the company’s skill sets in the pharma and specialty chemicals segment. This can present a significant opportunity as it continues...