Navin Fluorine Analyst Meet Update - Sustaining Growth Momentum Is Key: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.We attended the analyst meet organised by Navin Fluorine International Ltd. to provide update on growth opportunities. Company harbours capex ambition of more than Rs 18 billion over CY24-CY25 in addition to the Rs 17 billion-18 billion it is already implementing over CY21-CY23. High-performance product segment faces a big opportunity in R-32 (Navin Fluorine’s announced capacity: four thousand tonnes per annum). There is also big potential in hydrofluoroolefin/blends in India and the Middle East in partnership with Honeywell Automation Ltd. Navin Fluorine expects doubling of the Honeywell contract for which it will soon start discussions (from CY23). Specialty chemicals will have the biggest opportunity on the back of Navin Fluorine’s deep relationship with three agrochemical companies, and emerging opportunities in niche chemistry with companies such as 3M India Ltd..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Navin Fluorine Analyst Meet Update - Sustaining Growth Momentum Is Key: ICICI Securities

Company harbours capex ambition of more than Rs 18 billion over CY24-CY25.

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