Navin Fluorine International Ltd (NAVINFLUOR) — share price & stock analysis

Market cap

₹38,909 Cr

P/E

58.2×

ROE

20.3%

vs own 10-yr valuation

54th pctile

Book value / share

₹775

EPS (TTM)

₹131

10-yr median P/E

54.2×

Revenue (FY26)

₹3,314 Cr

Profit after tax (FY26)

₹664 Cr

Weinstein stage

Stage 2 (76 weeks)

Data as of

1 July 2026

5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 21% — a high-quality engine; debt moderate (0.32× equity); margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price has run ahead of the profits

Since Jun 2017, the stock is up 1,090% while earnings per share grew 389%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 58.2× is the middle of its own range against its own 10-year history (54th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (54.2×).

The price is in a confirmed uptrend — 76 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 76 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹6,189 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 83 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits are at an all-time high

Over 12 years, sales went from ₹486 Cr to ₹3,314 Cr (about 17% a year), and profit from ₹68.0 Cr to ₹664 Cr.revenuenet_profit

Margins widened 19 points along the way — growth with improving economics.operating_profit

Sales jumped 34% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹938 Cr, up 34% on the same quarter last year.revenue

That makes 8 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 26% → 34% in a year

Of every ₹100 of sales, the company keeps ₹34.3 as operating profit (a year ago it kept ₹25.5).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 19.3% in FY24 and has been rebuilt to 32.6% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (54% → 59%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 124% — mostly from keeping more of each sale

Mar 26 profit after tax was ₹213 Cr, up 124% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹1,861 Cr of profit and collected ₹2,226 Cr of operating cash — about 120% conversion.operating_cash_flownet_profit

One asterisk on that strength: suppliers are being paid 22 days later than a year ago (118 → 140 days). Cash flattered by stretching payables is real cash — but it is borrowed timing, not extra earning power.payable_days

The cash cycle looks tighter — but it is supplier credit doing the work

One rupee now takes about 61 days to go out the door as materials and come back as collected cash — down from 89 days the year before.cash_conversion_cycle

Look inside the improvement, though: suppliers are being paid 22 days later (118 → 140 days), while inventory actually got heavier (117 → 118 days). Supplier credit is funding the cycle — useful, but not the same thing as customers paying faster.payable_daysinventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹288 Cr (FY14) to ₹3,324 Cr, with another ₹143 Cr of capacity under construction right now.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹2,840 Cr) exceeded operating cash (₹2,215 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Debt is present but comfortable

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹32 — total borrowings have grown from ₹58.0 Cr to ₹1,272 Cr over the window.borrowings

Every ₹100 kept in the business now earns ₹21 — and the number is rising

Return on capital employed is 21.0% (a year ago: 12.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Promoters have trimmed their stake — 1.7 points over 8 quarters

Promoters hold 27.1% (down 1.7 points over 8 quarters). Foreign funds own 23.8%, domestic funds 27.6%.promoters_pctfiis_pctdiis_pct

Foreign funds tell the real story: they sold from 18.5% down to 15.6% (Mar 24), and have been buying back since — now 23.8%. A completed round trip like that usually means the doubts got answered.fiis_pct

Worth studying deeper — with eyes open

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: profit rising (₹95.0 Cr → ₹213 Cr).net_profit

Biggest worry: free cash flow falling (₹60.0 Cr → ₹−341 Cr).operating_cash_flow

One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 66% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data