What we do Navin Fluorine International Ltd specializes in fluorine chemistry, producing refrigerant gases, specialty chemicals, and contract research services for pharma and agro industries. |
Founded in 1,998 |
Market share Largest integrated fluorochemicals complex in India with significant global presence and partnerships with Fortune 500 companies. |
Problem solved Addresses need for eco-friendly refrigerants, advanced specialty fluorochemicals, and provides reliable contract manufacturing for pharma innovators. |
Top clients or who we serve Serves global pharma, agrochemical, and petrochemical industries including five top ten global crop protection and three top global chemical companies; B2B focus. |
Key management Mr. Vishad P. Mafatlal (Chairman, University of Pennsylvania), Mr. Ashok U. Sinha (IIT Kanpur, IIM Bangalore), Mr. Atul K. Srivastava (FCA). |
Our journey and innovations Started refrigerant business in 1967, developed over 40 commercial products, initiated CDM project for greenhouse gas reduction, expanded global footprint via JVs and subsidiaries. |
Where we operate Operations primarily in India with manufacturing units in Surat, Dewas, Dahej; exports to Europe, USA, Middle East, and China through subsidiaries. |
Top products or what we offer Refrigerant gases (HFCs, HFOs), specialty fluorochemicals, inorganic fluorides, advanced pharma intermediates, and contract research and manufacturing services (CRAMS). |
Top brands Mafron (iconic refrigerant brand), HFO-1234yf (next-gen refrigerant), specialty agrochemical intermediates, and CDMO services. |
Raw materials needed Fluorspar, boric acid, sulphur, caustic soda, chloroform, hydrofluoric acid. |
Raw materials supplier Primarily sourced domestically with some imports; diversified suppliers to ensure supply chain resilience. |
Recurring vs cyclical contribution Specialty chemicals and refrigerants provide recurring revenues; CDMO segment has cyclical revenue patterns. |
Our industry position Market leader in India's fluorochemicals sector with strong international partnerships and growing export base. |
Financial highlights FY24 consolidated revenue approx Rs. 2,065 crores with PAT around Rs. 271 crores; recent quarters show 44%-47% revenue growth and expanding margins. |
Geographical revenue split Approx. 58% revenue from outside India and 42% from domestic markets. |
Order book Strong order visibility with multi-year contracts in specialty chemicals and CDMO segments. |
Whats driving growth Innovation in eco-friendly refrigerants, capacity expansions, strategic partnerships, and rising global demand for specialty fluorochemicals. |
Our future plans Capex of Rs. 240+ crores planned for increasing HFC capacity and expanding multi-purpose plant; focus on greenfield expansions and new product launches. |
Our green promise Investments in renewable energy, emissions reduction, water recycling; Dewas plant is zero liquid discharge facility. |
Our people and values Over 1,000 employees; culture focused on safety, innovation, and sustainability with gender-neutral policies and employee development. |
Key challenges ahead Market volatility, price competition especially from China, regulatory changes on fluorochemicals, and supply chain pressures. |
Interesting facts Navin was early adopter of Clean Development Mechanism to reduce HCFC-23 emissions; tracks 30% power consumption from green sources. |
Risks and strategy Risks from raw material price fluctuations, geopolitical tensions addressed via supply diversification and innovation-led growth strategy. |
