Navin Fluorine, a Gujarat based Arvind Mafatlal group company was recognized as one of the largest players in carbon credits. But with that business now over, the company now earns from its mainfray - refrigeration gases, Chemicals/ Bulk Fluorides and Specialty Organofluorines with manufacturing facilities at Surat, Gujarat and Dewas, Madhya Pradesh.

The company, for Q1FY16 posted bumper numbers. Net sales for the quarter rose 16% (YoY) at Rs.150 crore. EBITDA came in at Rs.25 crore, more than doubled up and margins soared from 8.27% to 16.67%. Net profit for the quarter came in at a very healthy Rs.18 crore, up 125%.

On an equity of Rs.9.76 crore, the Q1 EPS stands at Rs.18.57 (face value Rs.10) and reserves stands at a healthy Rs.561 crore.

The stock price hit a life time high today at Rs.1265 with some 18,000 shares changing hands compared to less than 3000 shares over two-week average volumes. Market cap stands at Rs.740 crore.