Prabhudas Lilladher has issued an 'Accumulate' rating on Navin Fluorine International Ltd (NFIL) with a target price of ₹7038 in its research report dated February 19, 2026. According to reports from Moneycontrol, the brokerage expects the company to deliver strong multi-year growth trajectory supported by a robust CDMO pipeline, expansion of key refrigerant gas capacities, and sustained momentum in the agchem segment.
The research report projects robust financial performance with revenue/EBITDA/PAT expected to clock a CAGR of 18%/17%/15% over FY26–28E. As reported by Moneycontrol, the target price of ₹7038 values the stock at 41x Dec'27E EPS, reflecting the brokerage's positive outlook on the company's diversified growth drivers across CDMO, agchem and refrigerants segments.
The Chemours partnership represents a significant growth opportunity with an initial investment of USD14 million. According to the report, Phase 2 capex could potentially scale up to ~10x as demand for liquid cooling fluids gains traction. The partnership is expected to materially enhance performance from FY28, supported by expanded AHF capacity of ~60,000mtpa.
High-grade HF and the upcoming R32-equivalent plant are expected to materially enhance performance from FY28, aided by expanded AHF capacity. As reported by Moneycontrol, the company is shifting its focus toward short-cycle, high-value products in the coming years, with the expanded capacity supporting both external sales and value-added downstream integration.
