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.

Updated: 5 Aug 2026 • 11:52 am

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

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

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.

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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.

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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.