# Jefferies and Citi raise Navin Fluorine target prices after Q1 profit more than doubles 2026-08-06T04:19:51+00:00 | India | Indian Opinion Desk Navin Fluorine International posted a June-quarter consolidated net profit of Rs 243 crore, more than doubling from Rs 117.1 crore a year earlier, on revenue up 44% year-on-year to Rs 1,045 crore, NDTV Profit reported. Ebitda rose 72.6% to Rs 357 crore as the margin expanded to 34.2% from 28.5%. Jefferies raised its target price to Rs 9,045 from Rs 8,700 and kept a buy rating, citing the company's pipeline in CDMO and cooling products, new capital expenditure in advanced materials, and a projected 23% earnings per share compound annual growth rate through FY29. Citi raised its target to Rs 7,200 from Rs 6,500 but kept a sell call, citing an unfavourable risk-reward ratio after the stock's 50% rise over the past year, and flagged downside risk to refrigerant gas R32 pricing as the company's capacity for it more than triples to 133 kilotonnes a year. The stock closed 0.26% lower at Rs 7,609.50 on the NSE on Wednesday. ## Indian Opinion Analysis Jefferies and Citi reach opposite ratings, buy and sell, from largely the same quarter's results, which the report attributes to a difference in emphasis: Jefferies weighs the growth pipeline and valuation against its long term average, while Citi weighs the stock's recent run-up against a specific pricing risk in one product line. Both are stated as analyst opinions rather than settled fact, and the report itself does not adjudicate between them. Given Citi's flagged sensitivity, a $1 per kilogram move in R32 pricing affecting FY28 Ebitda margin by 14%, actual refrigerant gas pricing over the coming year is the concrete figure that would settle which brokerage's view holds up. ## Coverage - www.ndtvprofit.com Tags: Navin Fluorine International Canonical: https://indianopinion.org/jefferies-citi-raise-navin-fluorines-target-price-on-q1-beat-new-capex-initiatives/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/jefferies-citi-raise-navin-fluorines-target-price-on-q1-beat-new-capex-initiatives/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.