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Navin Fluorine International vs INOX Fluorochemicals: Which Stock Should You Track

  • August 5, 2026
  • Posted by: Ankit Jaiswal
  • Category: News
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Navin Fluorine International vs INOX Fluorochemicals: Which Stock Should You Track

Navin Fluorine MCap Rs 38,660 Cr, PE 58.26x, ROE 16.69%, D/E 0.32. INOX Fluorochemicals MCap Rs 48,714 Cr, PE 84.87x, ROE 7.30%, D/E 0.29.

Navin Fluorine International vs INOX Fluorochemicals is a comparison fluorochemical investors look up when evaluating two listed Indian specialty fluorine chemical companies. Navin Fluorine manufactures specialty fluorine chemicals for crop protection, pharmaceuticals and industrial applications through its CRAMS (contract research and manufacturing services) business, while INOX Fluorochemicals (formerly Gujarat Fluorochemicals) produces refrigerant gases, PTFE, fluoropolymers and lithium-ion battery materials.

This Navin Fluorine International vs INOX Fluorochemicals article covers reach and market position, key products, latest declared results and stock valuation. The Navin Fluorine International vs INOX Fluorochemicals data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

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  • Navin Fluorine International vs INOX Fluorochemicals: Reach and Market Position
  • Navin Fluorine International vs INOX Fluorochemicals: Key Products and Business Mix
  • Navin Fluorine International vs INOX Fluorochemicals: Latest Results
  • Navin Fluorine International vs INOX Fluorochemicals: Stock and Valuation
  • Navin Fluorine International vs INOX Fluorochemicals: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What is the main difference between Navin Fluorine and INOX Fluorochemicals?
    • Why has INOX Fluorochemicals changed its name?
    • Which company has the higher ROE?
    • Which stock trades at a lower P/E?
    • What is PTFE?
    • What is CRAMS?
    • Should I invest in Navin Fluorine or INOX Fluorochemicals?

Navin Fluorine International vs INOX Fluorochemicals: Reach and Market Position

On the Navin Fluorine International side of the Navin Fluorine International vs INOX Fluorochemicals comparison, Navin Fluorine exports specialty fluorine chemicals to global crop protection and pharmaceutical innovators through its CRAMS platform, alongside a domestic specialty chemical business. Market capitalisation is Rs 38,660 Cr.

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On the INOX Fluorochemicals side of the Navin Fluorine International vs INOX Fluorochemicals comparison, INOX Fluorochemicals produces refrigerant gases for air conditioning, PTFE fluoropolymers for industrial applications and fluorine compounds for lithium-ion battery electrolytes. Market capitalisation is Rs 48,714 Cr.

Navin Fluorine International vs INOX Fluorochemicals: Key Products and Business Mix

In the Navin Fluorine International vs INOX Fluorochemicals product comparison, Navin Fluorine International offers: Navin Fluorine’s products include specialty fluorinated agrochemicals and pharmaceuticals exported through CRAMS, inorganic fluorides and performance chemicals. P/E is 58.26x, ROE 16.69 percent, debt to equity 0.32.

For INOX Fluorochemicals in this Navin Fluorine International vs INOX Fluorochemicals breakdown: INOX Fluorochemicals’ products include R-22, R-32, R-134a and other refrigerant gases, PTFE and fluoropolymers, and battery-grade electrolyte materials. P/E is 84.87x, ROE 7.30 percent, debt to equity 0.29.

Navin Fluorine International vs INOX Fluorochemicals: Latest Results

The Navin Fluorine International vs INOX Fluorochemicals results for Navin Fluorine International: Navin Fluorine has a market cap of Rs 38,660 Cr and P/E of 58.26x. ROE is 16.69 percent. EPS is Rs 129.33.

The Navin Fluorine International vs INOX Fluorochemicals results for INOX Fluorochemicals: INOX Fluorochemicals has a market cap of Rs 48,714 Cr and P/E of 84.87x. ROE is 7.30 percent. EPS is Rs 52.25.

Compare Navin Fluorine International and INOX Fluorochemicals Fundamentals on the Univest Screener

Navin Fluorine International vs INOX Fluorochemicals: Stock and Valuation

The Navin Fluorine International vs INOX Fluorochemicals stock comparison uses the latest available market data from Groww. Investors tracking Navin Fluorine International vs INOX Fluorochemicals should verify current prices on NSE or BSE before trading.

Navin Fluorine trades at a market cap of Rs 38,660 Cr and P/E of 58.26x with a ROE of 16.69 percent. INOX Fluorochemicals trades at Rs 48,714 Cr market cap and P/E of 84.87x with a lower ROE of 7.30 percent. INOX’s higher P/E reflects future aspirations in lithium-ion battery materials rather than current profitability.

Navin Fluorine International vs INOX Fluorochemicals: Quick Comparison Table

The Navin Fluorine International vs INOX Fluorochemicals comparison table below summarises the key metrics covered in this article side by side.

Parameter Navin Fluorine International INOX Fluorochemicals
Sector Specialty fluorochemicals: CRAMS and industrial Refrigerants, fluoropolymers, battery materials
Market Cap Rs 38,660 Cr Rs 48,714 Cr
P/E Ratio 58.26x 84.87x
ROE 16.69% 7.30%
Debt to Equity 0.32 0.29
Growth driver CRAMS exports for agrochemical and pharma innovators Battery-grade fluorine materials for Li-ion batteries
Former name Navin Fluorine International (unchanged) Gujarat Fluorochemicals (renamed)

Conclusion

The Navin Fluorine International vs INOX Fluorochemicals comparison above covers the key data points on reach, products, results and valuation. Navin Fluorine International vs INOX Fluorochemicals are two fluorochemical companies with different revenue profiles and end markets. Navin Fluorine delivers a higher ROE from its CRAMS exports, while INOX Fluorochemicals trades at a higher premium on lithium-ion battery material potential. Investors should review export order pipelines and battery material adoption and consult a SEBI-registered advisor before investing.

Download the Univest iOS App or Univest Android App to track Navin Fluorine International and INOX Fluorochemicals live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What is the main difference between Navin Fluorine and INOX Fluorochemicals?

Ans. Navin Fluorine makes specialty fluorine chemicals exported to global pharma and agrochemical innovators through CRAMS. INOX Fluorochemicals makes refrigerant gases, PTFE fluoropolymers and battery-grade fluorine compounds.

Why has INOX Fluorochemicals changed its name?

Ans. INOX Fluorochemicals, formerly Gujarat Fluorochemicals, rebranded to reflect its diversification into fluoropolymers and battery materials under the INOX Group umbrella.

Which company has the higher ROE?

Ans. Navin Fluorine has an ROE of 16.69 percent, more than twice INOX Fluorochemicals at 7.30 percent.

Which stock trades at a lower P/E?

Ans. Navin Fluorine trades at 58.26x trailing earnings, lower than INOX Fluorochemicals at 84.87x.

What is PTFE?

Ans. PTFE (polytetrafluoroethylene) is a high-performance fluoropolymer used in industrial seals, coatings, wiring insulation and chemical processing equipment.

What is CRAMS?

Ans. CRAMS stands for Contract Research and Manufacturing Services. Navin Fluorine provides custom synthesis of specialty fluorinated chemicals for global pharmaceutical and agrochemical companies.

Should I invest in Navin Fluorine or INOX Fluorochemicals?

Ans. This depends on your preference between CRAMS-backed specialty chemical earnings and a lithium-ion battery material optionality story. Review order pipeline and consult a SEBI-registered advisor before investing.



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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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