Shares of Navin Fluorine International Ltd (NFIL) rose nearly 4% in morning trade after global brokerage firm Jefferies reiterated its ‘Buy’ rating on the stock. The brokerage has set a target price of ₹5,280, citing strong earnings visibility and robust growth prospects backed by recent capacity additions. AS OF 9:18 AM, the shares were trading 4.54% higher at Rs 4,718.20.
Jefferies noted that Navin Fluorine is now poised to monetise approximately ₹2,000 crore in capital expenditure undertaken over the past three years. The company’s ability to secure long-term contracts is expected to support improved asset turnover and drive a 35% compound annual growth rate (CAGR) in earnings per share (EPS) from FY25 to FY27.
The report also highlighted a healthy pipeline of new opportunities across specialty chemicals, CRAMS (contract research and manufacturing services), and high-performance products (HPP). These projects are likely to begin contributing meaningfully from FY26, extending the company’s growth trajectory through FY28.
Despite the recent uptrend, Navin Fluorine shares have underperformed the Nifty by 23% since January 2023. Jefferies believes this underperformance leaves room for further upside as fundamentals strengthen.
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