Navin Fluorine International Limited (NAVINFLUOR.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-245.6%

-₹12,373.20

vs ₹8,500.00 price

Levered DCF

-₹10,919.54

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

12.49

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	47.16×	72.13×	57.37×	56.41×	76.85×	52.95×	14.79×	23.66×
P/B	7.87×	7.93×	6.51×	9.68×	10.96×	8.34×	4.27×	3.29×
P/S	9.44×	8.94×	7.58×	10.24×	13.95×	11.6×	5.77×	3.57×
EV / EBITDA	30.09×	38.55×	33.42×	37.54×	51.39×	33.48×	19.82×	13.91×
Gross margin	44.7%	52.7%	51.4%	54.3%	51.2%	51.5%	73.1%	68.5%
Operating margin	28.1%	17.8%	14.8%	23.6%	21.3%	22.6%	22.2%	19.6%
Net margin	20.0%	12.4%	13.2%	18.2%	18.2%	21.9%	39.1%	15.1%
Current ratio	2.61×	1.74×	1.81×	2.66×	2.65×	5.91×	4.42×	3.17×
Debt / equity	0.32×	0.56×	0.57×	0.39×	0.07×	0.02×	0.02×	0×
Interest coverage	7.91×	5.32×	4.07×	17.75×	162.46×	144.32×	115.64×	234.09×
Dividend yield	0.2%	0.3%	0.5%	0.3%	0.3%	0.3%	1.2%	1.7%
Payout ratio	10.3%	20.6%	27.5%	14.5%	20.6%	15.3%	17.5%	41.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.7%	11.0%	11.4%	17.2%	14.3%	15.8%	28.9%	13.9%
Return on invested capital	12.6%	7.3%	6.4%	11.9%	11.7%	10.7%	15.9%	11.2%
Return on assets	10.4%	6.0%	6.2%	10.6%	11.0%	13.6%	25.1%	11.4%
Free cash flow yield	1.3%	0.0%	0.1%	-3.9%	-2.5%	1.0%	0.8%	0.8%
Earnings yield	2.1%	1.4%	1.7%	1.8%	1.3%	1.9%	6.8%	4.2%
Enterprise value	₹325.4B	₹222.6B	₹168.8B	₹220B	₹202.5B	₹135.2B	₹58.8B	₹35.2B
Net debt / EBITDA	1.15×	2.51×	2.7×	1.44×	0.11×	-0.26×	-0.52×	-0.05×
Cash conversion cycle (days)	68	90	118	187	149	136	157	114