Navin Fluorine Ltd.
BSE Code: 532504/NSE
Last Close: Rs.133
Navin Fluorine is the largest integrated fluorochemicals complex in India since 1967. The company has an equity of just Rs.10.10 cr. but has huge reserves of over Rs.215 cr. The promoters hold 37.16%, corporate bodies hold 15.53%, government financial institutions hold 7.05% and the public holds 38.69% stake in the company. The company has posted excellent Q2FY09 results. Net sales jumped 73.57% while net profit was Rs.17.87 cr. against a loss of Rs.1.81 cr. in Q2FY08. In H1FY09, the company’s sales zoomed 75.45% to Rs.222.82 cr. while net profit was Rs.36.83 cr. against a loss of Rs.1.89 cr. in H1FY08. The company has recorded an EPS of Rs.17.69 in Q2FY09 while the H1FY09 EPS was Rs.36.47. After posting marvellous numbers, the company has declared 50% interim dividend as against FY08 full yaer dividend of 40% and the record date for dividend is 7th November 2008. Its 52-week high/low rate is Rs.455/Rs.130. At the current level, the stock is available at P/E ratio of just 2.9. Investors can buy this stock every decline. On the upper side, it can go up to Rs.175-201 levels in coming days.
BSE Code: 532504/NSE
Last Close: Rs.133
Navin Fluorine is the largest integrated fluorochemicals complex in India since 1967. The company has an equity of just Rs.10.10 cr. but has huge reserves of over Rs.215 cr. The promoters hold 37.16%, corporate bodies hold 15.53%, government financial institutions hold 7.05% and the public holds 38.69% stake in the company. The company has posted excellent Q2FY09 results. Net sales jumped 73.57% while net profit was Rs.17.87 cr. against a loss of Rs.1.81 cr. in Q2FY08. In H1FY09, the company’s sales zoomed 75.45% to Rs.222.82 cr. while net profit was Rs.36.83 cr. against a loss of Rs.1.89 cr. in H1FY08. The company has recorded an EPS of Rs.17.69 in Q2FY09 while the H1FY09 EPS was Rs.36.47. After posting marvellous numbers, the company has declared 50% interim dividend as against FY08 full yaer dividend of 40% and the record date for dividend is 7th November 2008. Its 52-week high/low rate is Rs.455/Rs.130. At the current level, the stock is available at P/E ratio of just 2.9. Investors can buy this stock every decline. On the upper side, it can go up to Rs.175-201 levels in coming days.
Source: Moneytimes (internet)
