Navin Fluorine - Agrochemicals, An Ever Growing Opportunity: Motilal Oswal
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Motilal Oswal Report
In continuation of our recent study on the ever increasing use of fluorine in life sciences/pharmaceuticals, we dive into its agrochemical applications. Similar to our findings in the pharmaceutical space, currently ~53% of agrochemicals are organofluorine compounds (compared to a 40% in 2000).
Navin Fluorine International Ltd. has entered into a five-year contract with a large multinatinal company for manufacturing and supply of a key fluoro-agrochemical intermediate. As is now common in the pharmaceutical industry, fluoro-agrochemicals (especially with a stereogenic carbon center) will most likely receive increased attention in the near future.
The management has been reiterating huge opportunities in both the agro and pharma space.
It is looking for an additional land parcel for such opportunities, although near term opportunities will be fulfilled at existing facilities.
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