Jefferies sees strong earnings growth for India's Navin Fluorine on long-term contracts

Navin Fluorine International

22/08/2025 08:28

** Jefferies says Navin Fluorine International's NAFL.NS long-term contracts provide strong visibility on its earnings per share growth

** Brokerage sees 36% EPS compound annual growth rate between FY25 to FY27

** NAFL's results were better than the brokerage's expectations, driven by strong refrigerant R32 performance - note

** Maintains "Buy" rating on NAFL with price target of 6,025 rupees

** Strong R32 pricing and adoption of new generation refrigerants are supportive of the segment outlook, Jefferies says

** NAFL up ~54% YTD

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))