CDMO orders from European CDMO/innovators, a favourable demand-supply scenario for refrigerant gases, and partnership with Chemours will largely determine the company’s growth in the coming quarters
While agrochemicals pose challenges due to the imports from China, order deferment, and US tariffs, off-take for new agro products, along with better realisations for refrigerants, should be helpful
The company has multiple CDMO orders lined up for FY26, starting with two European majors, including US-based Fermion, for the second quarter.
Navin Fluorine share price: The company has set a floor price of Rs 4,798.28 per share for the QIP.
FY25 for the chemical sector was marked by subdued demand and pricing pressures, the outlook for the sector appears to be turning more constructive.
On May 13, Chemplast Sanmar announced capex of Rs 340 crore for the production of R32 refrigerant gas
Citi Research said that potential US reciprocal tariffs on Indian chemical exports could impact EBITDA for PI Industries, Navin Fluorine, and SRF.
Navin Fluorine's strong Q3 performance was driven by improved operational efficiency and demand across key segments.
SRF and Navin Fluorine shares had surged upto 14 percent in the last session after reports suggested a hike in prices of refrigerant gases by US gas distributors.
A $1/kg rise in R32 refrigerant prices could boost SRF's EBITDA by Rs 260 crore and Navin Fluorine's by Rs 77 crore.
The capex projects for agro-specialty at Dahej, the additional R-32 capacity, and the anhydrous hydrofluoric acid plants should also contribute to FY26 earnings
Emkay Global Financial recommended reduce rating on Navin Fluorine with a target price of Rs 3500 in its research report dated September 29, 2024.
Emkay Global Financial recommended reduce rating on Navin Fluorine with a target price of Rs 3400 in its research report dated July 30, 2024.
In the next 18 months, the company is planning to commission various capacities across segments which will provide a base for multi-year growth.