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Navin Fluorine International

NSEI:NAVINFLUOR
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NAVINFLUOR
NSEI
₹30B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Navin Fluorine International Limited manufactures and sells specialty fluorochemicals in India and internationally. The last earnings update was 53 days ago. More info.


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NAVINFLUOR Share Price and Events
7 Day Returns
-7.7%
NSEI:NAVINFLUOR
1.1%
IN Chemicals
-0.5%
IN Market
1 Year Returns
-1.7%
NSEI:NAVINFLUOR
2.2%
IN Chemicals
-2.4%
IN Market
NAVINFLUOR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Navin Fluorine International (NAVINFLUOR) -7.7% -17.4% -15% -1.7% 33.7% 419.4%
IN Chemicals 1.1% -3% -5.3% 2.2% 38% 121%
IN Market -0.5% -2% -4.8% -2.4% 21.3% 31.2%
1 Year Return vs Industry and Market
  • NAVINFLUOR underperformed the Chemicals industry which returned 2.2% over the past year.
  • NAVINFLUOR matched the India Market (-2.4%) over the past year.
Price Volatility
NAVINFLUOR
Industry
5yr Volatility vs Market

Value

 Is Navin Fluorine International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Navin Fluorine International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Navin Fluorine International.

NSEI:NAVINFLUOR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:NAVINFLUOR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.887 (1 + (1- 35%) (0.15%))
0.925
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.925 * 8.6%)
15.51%

Discounted Cash Flow Calculation for NSEI:NAVINFLUOR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Navin Fluorine International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:NAVINFLUOR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.51%)
2020 701.25 Analyst x4 607.11
2021 634.00 Analyst x3 475.20
2022 603.63 Est @ -4.79% 391.69
2023 597.06 Est @ -1.09% 335.42
2024 606.03 Est @ 1.5% 294.75
2025 626.13 Est @ 3.32% 263.65
2026 654.85 Est @ 4.59% 238.72
2027 690.71 Est @ 5.48% 217.99
2028 732.83 Est @ 6.1% 200.23
2029 780.71 Est @ 6.53% 184.68
Present value of next 10 years cash flows ₹3,209.45
NSEI:NAVINFLUOR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹780.71 × (1 + 7.55%) ÷ (15.51% – 7.55%)
₹10,552.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹10,552.82 ÷ (1 + 15.51%)10
₹2,496.30
NSEI:NAVINFLUOR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,209.45 + ₹2,496.30
₹5,705.74
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,705.74 / 49.45
₹115.39
NSEI:NAVINFLUOR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:NAVINFLUOR represents 0.98771x of BSE:532504
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98771x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 115.39 x 0.98771
₹113.97
Value per share (INR) From above. ₹113.97
Current discount Discount to share price of ₹598.70
= -1 x (₹598.70 - ₹113.97) / ₹113.97
-425.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Navin Fluorine International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Navin Fluorine International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Navin Fluorine International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:NAVINFLUOR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹30.17
BSE:532504 Share Price ** BSE (2019-07-19) in INR ₹606.15
India Chemicals Industry PE Ratio Median Figure of 233 Publicly-Listed Chemicals Companies 12.1x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Navin Fluorine International.

NSEI:NAVINFLUOR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532504 Share Price ÷ EPS (both in INR)

= 606.15 ÷ 30.17

20.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Navin Fluorine International is overvalued based on earnings compared to the IN Chemicals industry average.
  • Navin Fluorine International is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Navin Fluorine International's expected growth come at a high price?
Raw Data
NSEI:NAVINFLUOR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
16.8%per year
India Chemicals Industry PEG Ratio Median Figure of 50 Publicly-Listed Chemicals Companies 1.29x
India Market PEG Ratio Median Figure of 535 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:NAVINFLUOR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.09x ÷ 16.8%

1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Navin Fluorine International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Navin Fluorine International's assets?
Raw Data
NSEI:NAVINFLUOR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹216.78
BSE:532504 Share Price * BSE (2019-07-19) in INR ₹606.15
India Chemicals Industry PB Ratio Median Figure of 271 Publicly-Listed Chemicals Companies 1.24x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.94x
NSEI:NAVINFLUOR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532504 Share Price ÷ Book Value per Share (both in INR)

= 606.15 ÷ 216.78

2.8x

* Primary Listing of Navin Fluorine International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Navin Fluorine International is overvalued based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Navin Fluorine International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Navin Fluorine International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Navin Fluorine International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Navin Fluorine International expected to grow at an attractive rate?
  • Navin Fluorine International's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Navin Fluorine International's earnings growth is positive but not above the India market average.
  • Navin Fluorine International's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:NAVINFLUOR Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:NAVINFLUOR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 16.8%
NSEI:NAVINFLUOR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.9%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:NAVINFLUOR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:NAVINFLUOR Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 12,666 1,979 2,099 4
2020-03-31 11,352 1,822 1,842 4
NSEI:NAVINFLUOR Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 9,959 902 1,491
2018-03-31 9,127 1,694 1,798
2017-03-31 7,415 924 1,366

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Navin Fluorine International's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • Navin Fluorine International's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:NAVINFLUOR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Navin Fluorine International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NAVINFLUOR Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 42.43 44.70 40.80 4.00
2020-03-31 37.25 37.90 36.50 4.00
NSEI:NAVINFLUOR Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 30.17
2018-03-31 36.50
2017-03-31 27.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Navin Fluorine International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Navin Fluorine International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Navin Fluorine International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Navin Fluorine International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Navin Fluorine International's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Navin Fluorine International has delivered over 20% year on year earnings growth in the past 5 years.
  • Navin Fluorine International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Navin Fluorine International's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Navin Fluorine International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Navin Fluorine International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:NAVINFLUOR Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,959.37 1,490.98 1,226.09
2018-03-31 9,126.92 1,797.78 1,173.83
2017-03-31 7,415.04 1,366.04 978.20
2016-03-31 6,796.76 835.04 870.11
2015-03-31 5,915.15 545.65 795.29
2014-03-31 4,862.41 657.20 881.26
2013-03-31 5,500.16 433.85 875.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Navin Fluorine International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Navin Fluorine International used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Navin Fluorine International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Navin Fluorine International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Navin Fluorine International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Navin Fluorine International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Navin Fluorine International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Navin Fluorine International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Navin Fluorine International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Navin Fluorine International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 124.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Navin Fluorine International Company Filings, last reported 3 months ago.

NSEI:NAVINFLUOR Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,724.48 44.91 2,117.03
2018-03-31 9,834.82 130.08 2,327.21
2017-03-31 8,351.79 188.71 1,692.09
2016-03-31 6,453.49 816.47 818.89
2015-03-31 6,005.74 612.91 833.76
2014-03-31 5,645.86 576.45 1,663.25
2013-03-31 5,111.29 837.83 1,132.40
  • Navin Fluorine International's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.2% vs 0.4% today).
  • Debt is well covered by operating cash flow (2007.2%, greater than 20% of total debt).
  • Navin Fluorine International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Navin Fluorine International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Navin Fluorine International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Navin Fluorine International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.32%
Current annual income from Navin Fluorine International dividends. Estimated to be 1.58% next year.
If you bought ₹2,000 of Navin Fluorine International shares you are expected to receive ₹26 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Navin Fluorine International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Navin Fluorine International's dividend is below the markets top 25% of dividend payers in India (2.23%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:NAVINFLUOR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 171 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:NAVINFLUOR Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 10.00 4.00
2020-03-31 9.13 4.00
NSEI:NAVINFLUOR Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-06 8.000 1.151
2018-10-30 7.600 1.131
2018-05-09 7.200 1.072
2017-06-06 5.200 0.724
2017-04-28 5.200 0.868
2016-10-24 4.400 0.838
2016-09-27 4.400 0.922
2015-10-27 3.700 0.994
2015-06-03 3.200 1.400
2015-04-28 3.200 1.891
2014-04-28 3.400 2.815
2013-10-23 3.000 5.457
2013-04-30 3.000 8.419
2012-05-21 3.000 5.248
2012-04-30 3.000 3.653
2011-10-19 3.400 4.937
2011-05-02 3.000 4.743
2011-04-29 3.000 5.580
2010-04-28 3.000 5.337
2010-04-15 3.000 4.336
2009-10-26 2.600 4.054
2009-06-01 2.000 4.829
2009-05-04 2.000 6.935
2008-10-21 2.000 9.167

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Navin Fluorine International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Navin Fluorine International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Navin Fluorine International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Navin Fluorine International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Navin Fluorine International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Radhesh Welling
COMPENSATION ₹48,784,794
AGE 45
TENURE AS CEO 0.6 years
CEO Bio

Mr. Radhesh R. Welling has been Managing Director of Navin Fluorine International Limited since December 11, 2018. Mr. Welling served as the President of Marketing & Corporate Strategy at Navin Fluorine International Ltd. He serves as Additional Director of Navin Fluorine International Limited. Mr. Welling has 19 years of experience. He served as the President of Oleo Chemicals at VVF Ltd. from September 16, 2013 to August 14, 2015. he has been leading Laxmi Organic Industries Ltd., as Chief Executive Officer and Executive Director since 2015. His earlier career included 8 years with US based J.M. Huber Corporation Mr. Welling holds BE (Mech), Masters in International Business and MBA.

CEO Compensation
  • Insufficient data for Radhesh to compare compensation growth.
  • Radhesh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Navin Fluorine International management team in years:

1.1
Average Tenure
54
Average Age
  • The average tenure for the Navin Fluorine International management team is less than 2 years, this suggests a new team.
Management Team

Vishad Mafatlal

TITLE
Chairman
COMPENSATION
₹59M
AGE
45

Radhesh Welling

TITLE
MD & Director
COMPENSATION
₹49M
AGE
45
TENURE
0.6 yrs

Ketan Sablok

TITLE
CFO & VP
COMPENSATION
₹9M
TENURE
1.1 yrs

Gyanchand Jain

TITLE
President of Operations
AGE
59

Ashis Mukherjee

TITLE
CTO, CRO & President of Crams
AGE
54

Niraj Mankad

TITLE
President of Legal
COMPENSATION
₹12M
AGE
50

P. Haridas

TITLE
President of Supply Chain Management
AGE
61
TENURE
2.1 yrs

T. Nandakumar

TITLE
VP & Business Head-International Trade
AGE
55

Lalit Soni

TITLE
General Manager of Corporate Treasury
Board of Directors Tenure

Average tenure and age of the Navin Fluorine International board of directors in years:

12.8
Average Tenure
68
Average Age
  • The average tenure for the Navin Fluorine International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Radhesh Welling

TITLE
MD & Director
COMPENSATION
₹49M
AGE
45

S. Kulkarni

TITLE
Independent Non Executive Director
COMPENSATION
₹2M
AGE
80
TENURE
12.8 yrs

Vishad Mafatlal

TITLE
Chairman
COMPENSATION
₹59M
AGE
45
TENURE
2.9 yrs

Sunil Lalbhai

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
59
TENURE
16.3 yrs

Premal Kapadia

TITLE
Independent Non Executive Director
COMPENSATION
₹2M
AGE
69
TENURE
16.5 yrs

Sudhir Mankad

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
72
TENURE
8.3 yrs

Thekkekara Meloth Nambiar

TITLE
Non Executive Non Independent Director
COMPENSATION
₹2M
AGE
82
TENURE
16.3 yrs

Atul Srivastava

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹2M
AGE
67
TENURE
16.5 yrs

Harish Engineer

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
71
TENURE
5.8 yrs

Radhika Haribhakti

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
62
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • Navin Fluorine International individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
20. Jun 19 Buy Lalit Soni Individual 19. Jun 19 19. Jun 19 3,860 ₹194.80 ₹751,928
14. Jun 19 Sell Ravi Lakshminarayanan Individual 13. Jun 19 13. Jun 19 -1,400 ₹740.00 ₹-1,036,001
07. Jun 19 Sell T. Nandakumar Individual 13. May 19 31. May 19 -19,708 ₹727.91 ₹-14,345,725
01. Mar 19 Buy Vishad Padmanabh Mafatlal -Family Trust No 1 Company 26. Feb 19 27. Feb 19 1,250 ₹592.00 ₹740,001
19. Feb 19 Buy Vishad Padmanabh Mafatlal -Family Trust No 1 Company 15. Feb 19 18. Feb 19 2,500 ₹608.44 ₹1,521,089
14. Feb 19 Buy Vishad Padmanabh Mafatlal -Family Trust No 1 Company 12. Feb 19 12. Feb 19 250 ₹594.72 ₹148,681
04. Feb 19 Buy Vishal Mafatlal Individual 29. Jan 19 30. Jan 19 3,100 ₹619.21 ₹1,919,563
04. Feb 19 Buy Mafatlal Impex Pvt Ltd Company 29. Jan 19 29. Jan 19 1,000 ₹620.06 ₹620,059
14. Dec 18 Buy Vishal Mafatlal Individual 11. Dec 18 11. Dec 18 500 ₹691.58 ₹345,790
01. Dec 18 Buy Rupal Mafatlal Individual 27. Nov 18 27. Nov 18 101 ₹726.11 ₹73,337
08. Oct 18 Buy Mafatlal Exim Private Limited Company 04. Oct 18 05. Oct 18 6,309 ₹653.80 ₹4,112,974
17. Sep 18 Sell Shekhar Khanolkar Individual 14. Sep 18 14. Sep 18 -2,050 ₹758.92 ₹-1,555,782
07. Sep 18 Sell Shekhar Khanolkar Individual 06. Sep 18 06. Sep 18 -2,000 ₹728.41 ₹-1,456,825
06. Sep 18 Sell Shekhar Khanolkar Individual 04. Sep 18 04. Sep 18 -1,000 ₹732.23 ₹-732,227
01. Sep 18 Sell Gyanchand Jain Individual 28. Aug 18 29. Aug 18 -3,159 ₹640.95 ₹-2,024,758
21. Aug 18 Sell Shekhar Khanolkar Individual 16. Aug 18 16. Aug 18 -500 ₹670.25 ₹-335,125
09. Aug 18 Sell Shekhar Khanolkar Individual 08. Aug 18 08. Aug 18 -821 ₹690.67 ₹-567,039
08. Aug 18 Sell Ashis Mukherjee Individual 05. Aug 18 05. Aug 18 -5,000 ₹689.44 ₹-3,447,210
08. Aug 18 Sell Shekhar Khanolkar Individual 06. Aug 18 06. Aug 18 -500 ₹689.80 ₹-344,901
07. Aug 18 Sell Shekhar Khanolkar Individual 02. Aug 18 03. Aug 18 -1,385 ₹671.49 ₹-929,085
02. Aug 18 Sell Gyanchand Jain Individual 27. Jul 18 27. Jul 18 -10,645 ₹692.69 ₹-7,373,643
X
Management checks
We assess Navin Fluorine International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Navin Fluorine International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Three Things You Should Check Before Buying Navin Fluorine International Limited (NSE:NAVINFLUOR) For Its Dividend

Could Navin Fluorine International Limited (NSE:NAVINFLUOR) be an attractive dividend share to own for the long haul? … With a cash payout ratio of 214%, Navin Fluorine International's dividend payments are poorly covered by cash flow. … Navin Fluorine International's dividend payments have fluctuated, so it hasn't grown 15% every year, but the CAGR is a useful rule of thumb for approximating the historical growth.

Simply Wall St -

Is Navin Fluorine International Limited's (NSE:NAVINFLUOR) High P/E Ratio A Problem For Investors?

Looking at earnings over the last twelve months, Navin Fluorine International has a P/E ratio of 23.13. … Check out our latest analysis for Navin Fluorine International How Do I Calculate Navin Fluorine International's Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Navin Fluorine International: P/E of 23.13 = ₹697.95 ÷ ₹30.17 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Should You Consider Navin Fluorine International Limited (NSE:NAVINFLUOR)?

In the case of Navin Fluorine International Limited (NSE:NAVINFLUOR), there's is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. … For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Navin Fluorine International here. … NSEI:NAVINFLUOR Historical Dividend Yield, June 27th 2019 Next Steps: For Navin Fluorine International, there are three key aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for NAVINFLUOR’s future growth?

Simply Wall St -

How Many Navin Fluorine International Limited (NSE:NAVINFLUOR) Shares Have Insiders Sold, In The Last Year?

So before you buy or sell Navin Fluorine International Limited (NSE:NAVINFLUOR), you may well want to know whether insiders have been buying or selling. … All up, insiders sold more shares in Navin Fluorine International than they bought, over the last year. … Navin Fluorine International Insiders Are Selling The Stock The last quarter saw substantial insider selling of Navin Fluorine International shares.

Simply Wall St -

With A -17% Earnings Drop, Did Navin Fluorine International Limited (NSE:NAVINFLUOR) Really Underperform?

After looking at Navin Fluorine International Limited's (NSE:NAVINFLUOR) latest earnings update (31 March 2019), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 22%, indicating the rate at which NAVINFLUOR is growing has slowed down. … I suggest you continue to research Navin Fluorine International to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for NAVINFLUOR’s future growth?

Simply Wall St -

What Navin Fluorine International Limited's (NSE:NAVINFLUOR) ROE Can Tell Us

See our latest analysis for Navin Fluorine International How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Navin Fluorine International: 14% = ₹1.5b ÷ ₹11b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Navin Fluorine International's Debt And Its 14% Return On Equity Although Navin Fluorine International does use a little debt, its debt to equity ratio of just 0.0039 is very low.

Simply Wall St -

Do Navin Fluorine International's (NSE:NAVINFLUOR) Earnings Warrant Your Attention?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Navin Fluorine International (NSE:NAVINFLUOR). … How Fast Is Navin Fluorine International Growing. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

Simply Wall St -

Is Navin Fluorine International Limited's (NSE:NAVINFLUOR) Capital Allocation Ability Worth Your Time?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … The formula for calculating the return on capital employed is:

Simply Wall St -

What Kind Of Shareholder Owns Most Navin Fluorine International Limited (NSE:NAVINFLUOR) Stock?

Every investor in Navin Fluorine International Limited (NSE:NAVINFLUOR) should be aware of the most powerful shareholder groups. … Navin Fluorine International is not a large company by global standards. … Check out our latest analysis for Navin Fluorine International

Simply Wall St -

Does Navin Fluorine International Limited's (NSE:NAVINFLUOR) Past Performance Indicate A Stronger Future?

After looking at Navin Fluorine International Limited's (NSE:NAVINFLUOR) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Navin Fluorine International? … NAVINFLUOR's trailing twelve-month earnings (from 31 March 2018) of ₹1.8b has.

Simply Wall St -

Company Info

Description

Navin Fluorine International Limited manufactures and sells specialty fluorochemicals in India and internationally. The company offers refrigerants to OEMs, service technicians, and equipment owners under the Mafron brand name for use in various applications, including window and split room air conditioners, chillers, packaged air conditioners, commercial and industrial refrigeration units, intermediate for API’s, fluoropolymer resins, domestic and industrial refrigerators, and mobile air conditioning. It also provides inorganic fluoride products, such as ammonium bifluoride, potassium fluoride, sodium fluoride, potassium fluorotitanate, potassium fluoroborate, hexafluorophosphoric acid, and HF pyridine and HF urea complex products that are used in various industries comprising oil and gas, stainless steel, pharmaceutical and agrochemicals, abrasives, electronics, and solar energy. In addition, the company offers various specialty fluoro intermediates consisting of boron trifluoride gas and adducts for use in pharmaceutical, crop protection, hydrocarbon, and fragrance applications. Further, it provides contract research and manufacturing services for custom chemical syntheses of fluorinated compounds in the pharmaceuticals, agro chemicals, and specialty chemicals industries; and basic research, library syntheses, process development, scale up, and batch manufacturing services, as well as custom synthesis services. The company also exports its products. Navin Fluorine International Limited was founded in 1967 and is headquartered in Mumbai, India.

Details
Name: Navin Fluorine International Limited
NAVINFLUOR
Exchange: NSEI
Founded: 1967
₹29,971,977,790
49,446,470
Website: http://www.nfil.in
Address: Navin Fluorine International Limited
Sunteck Centre,
2nd Floor,
Mumbai,
Maharashtra, 400057,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532504 Equity Shares Mumbai Stock Exchange IN INR 30. Sep 2003
NSEI NAVINFLUOR Equity Shares National Stock Exchange of India IN INR 30. Sep 2003
BSE 532504 INR2 Mumbai Stock Exchange IN INR 19. Jul 2019
Number of employees
Current staff
Staff numbers
0
Navin Fluorine International employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:53
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.