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NEOGEN
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Recent events
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News
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Corporate Actions
India's Neogen Chemicals falls on FY26 revenue guidance cut
** Neogen Chemicals NEOE.NS falls 6.6% to 1,684.6 rupees; set to fall for a second straight session
** Specialty chemicals maker revises its revenue guidance for FY 2025-26 to about 7.75 bln rupees to 8.50 bln rupees ($88.8 mln to $97.4 mln), down from an earlier projection of 9.50 bln rupees to 10 bln rupees
** Revision due to a fire incident at its Dahej SEZ manufacturing plant
** Stock rated "buy" on avg; median PT is 2,280 rupees - data compiled by LSEG
** NEOE fell ~19% YTD
($1 = 87.2400 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Neogen Chemicals NEOE.NS falls 6.6% to 1,684.6 rupees; set to fall for a second straight session
** Specialty chemicals maker revises its revenue guidance for FY 2025-26 to about 7.75 bln rupees to 8.50 bln rupees ($88.8 mln to $97.4 mln), down from an earlier projection of 9.50 bln rupees to 10 bln rupees
** Revision due to a fire incident at its Dahej SEZ manufacturing plant
** Stock rated "buy" on avg; median PT is 2,280 rupees - data compiled by LSEG
** NEOE fell ~19% YTD
($1 = 87.2400 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Neogen Chemicals Says Major Fire Incident At Co's Dahej Plant
March 5 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
MAJOR FIRE INCIDENT AT NEOGEN CHEMICALS' DAHEJ PLANT
NO CASUALTIES OR INJURIES REPORTED IN NEOGEN CHEMICALS FIRE
PRODUCTION SUSPENDED AT NEOGEN CHEMICALS' DAHEJ PLANT
Source text: ID:nBSE8zCKVZ
Further company coverage: NEOE.NS
(([email protected];;))
March 5 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
MAJOR FIRE INCIDENT AT NEOGEN CHEMICALS' DAHEJ PLANT
NO CASUALTIES OR INJURIES REPORTED IN NEOGEN CHEMICALS FIRE
PRODUCTION SUSPENDED AT NEOGEN CHEMICALS' DAHEJ PLANT
Source text: ID:nBSE8zCKVZ
Further company coverage: NEOE.NS
(([email protected];;))
India's Neogen Chemicals gains on Q3 profit surge
** Neogen Chemicals NEOE.NS rises 2.1% to 2,036 rupees
** Specialty chemicals maker posts nine-fold surge on-year in Q3 consol profit; rev from ops up 23%
** Says growth aided by strong volumes, increased plant utilization, operational efficiencies and lower employee costs
** More than 147,000 shares traded, 3.4x the 30-day avg
** Stock rated "buy" on avg; median PT is 2,070 rupees - LSEG
** NEOE gained 51% in 2024
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Neogen Chemicals NEOE.NS rises 2.1% to 2,036 rupees
** Specialty chemicals maker posts nine-fold surge on-year in Q3 consol profit; rev from ops up 23%
** Says growth aided by strong volumes, increased plant utilization, operational efficiencies and lower employee costs
** More than 147,000 shares traded, 3.4x the 30-day avg
** Stock rated "buy" on avg; median PT is 2,070 rupees - LSEG
** NEOE gained 51% in 2024
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Neogen Chemicals Sept-Quarter Consol Profit 109.6 Million Rupees
Nov 12 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
NEOGEN CHEMICALS SEPT-QUARTER CONSOL PROFIT 109.6 MILLION RUPEES
NEOGEN CHEMICALS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.93 BILLION RUPEES
Source text: ID:nBSE4xMmnZ
Further company coverage: NEOE.NS
(([email protected];))
Nov 12 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
NEOGEN CHEMICALS SEPT-QUARTER CONSOL PROFIT 109.6 MILLION RUPEES
NEOGEN CHEMICALS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.93 BILLION RUPEES
Source text: ID:nBSE4xMmnZ
Further company coverage: NEOE.NS
(([email protected];))
India's Neogen up after Kotak sees first-mover edge, starts with "buy"
** Shares of India's Neogen Chemicals NEOE.NS up 5.3%, cooling off from session-high 5.8% jump
** Kotak Institutional Equities starts coverage on co with "buy", says NEOE has first mover advantage in Indian EV battery chemicals space
** Estimates 34% CAGR for co over FY24-FY29, led by start of battery chemical revenues, healthy business of bromine/lithium derivatives
** Trading vols 2.3x 30-day avg
** Kotak's PT 7.8% higher than median PT of 6 analysts covering the stock, avg rating on co "buy" - LSEG data
** Day's move trims stock's YTD fall to 1% after an 18% gain in 2023
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Neogen Chemicals NEOE.NS up 5.3%, cooling off from session-high 5.8% jump
** Kotak Institutional Equities starts coverage on co with "buy", says NEOE has first mover advantage in Indian EV battery chemicals space
** Estimates 34% CAGR for co over FY24-FY29, led by start of battery chemical revenues, healthy business of bromine/lithium derivatives
** Trading vols 2.3x 30-day avg
** Kotak's PT 7.8% higher than median PT of 6 analysts covering the stock, avg rating on co "buy" - LSEG data
** Day's move trims stock's YTD fall to 1% after an 18% gain in 2023
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Neogen Chemicals falls on quarterly profit slide
** Shares of chemicals manufacturer Neogen Chemicals NEOE.NS slide as much as 4.71% to 1,451.15 rupees, lowest in more than a month
** Co posts steepest intraday fall in about a week
** NEOE's March qtr profit dropped 8.5%
** Stock on track for second consecutive sessions of losses
** All 6 analysts covering the stock rate it "buy" or higher, according to Refinitiv IBES data
** Co shares have fallen ~3% so far this year
($1 = 81.7800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of chemicals manufacturer Neogen Chemicals NEOE.NS slide as much as 4.71% to 1,451.15 rupees, lowest in more than a month
** Co posts steepest intraday fall in about a week
** NEOE's March qtr profit dropped 8.5%
** Stock on track for second consecutive sessions of losses
** All 6 analysts covering the stock rate it "buy" or higher, according to Refinitiv IBES data
** Co shares have fallen ~3% so far this year
($1 = 81.7800 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Neogen Chemicals Incorporated Unit Neogen Ionics
March 30 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
NEOGEN CHEMICALS LTD - INCORPORATED UNIT NEOGEN IONICS
NEOGEN CHEMICALS LTD - DEAL VALUED AT 10 MILLION RUPEES
Source text for Eikon: ID:nBSEbsnS3y
Further company coverage: NEOE.NS
(([email protected];))
March 30 (Reuters) - Neogen Chemicals Ltd NEOE.NS:
NEOGEN CHEMICALS LTD - INCORPORATED UNIT NEOGEN IONICS
NEOGEN CHEMICALS LTD - DEAL VALUED AT 10 MILLION RUPEES
Source text for Eikon: ID:nBSEbsnS3y
Further company coverage: NEOE.NS
(([email protected];))
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What does Neogen Chemicals do?
Neogen Chemicals specializes in Bromine based compounds, Grignard Reagents, and Lithium Salts, catering to pharmaceutical, agrochemical, and specialty chemical companies in India, Europe, and Japan with a focus on Bromination and Grignard chemistry.
Who are the competitors of Neogen Chemicals?
Neogen Chemicals major competitors are Navin Fluorine Intl, Clean Science, India Glycols, Grauer & Weil (I), Laxmi Organic Inds., NOCIL, GHCL. Market Cap of Neogen Chemicals is ₹4,328 Crs. While the median market cap of its peers are ₹5,016 Crs.
Is Neogen Chemicals financially stable compared to its competitors?
Neogen Chemicals seems to be less financially stable compared to its competitors. Altman Z score of Neogen Chemicals is 5.27 and is ranked 6 out of its 8 competitors.
Does Neogen Chemicals pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Neogen Chemicals latest dividend payout ratio is 14.8% and 3yr average dividend payout ratio is 15.05%
How has Neogen Chemicals allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Neogen Chemicals balance sheet?
Balance sheet of Neogen Chemicals is strong. But short term working capital might become an issue for this company.
Is the profitablity of Neogen Chemicals improving?
The profit is oscillating. The profit of Neogen Chemicals is ₹49.2 Crs for TTM, ₹35.65 Crs for Mar 2024 and ₹49.97 Crs for Mar 2023.
Is the debt of Neogen Chemicals increasing or decreasing?
Yes, The debt of Neogen Chemicals is increasing. Latest debt of Neogen Chemicals is ₹497 Crs as of Sep-24. This is greater than Mar-24 when it was ₹369 Crs.
Is Neogen Chemicals stock expensive?
Neogen Chemicals is not expensive. Latest PE of Neogen Chemicals is 87.67, while 3 year average PE is 88.28. Also latest EV/EBITDA of Neogen Chemicals is 35.55 while 3yr average is 39.66.
Has the share price of Neogen Chemicals grown faster than its competition?
Neogen Chemicals has given lower returns compared to its competitors. Neogen Chemicals has grown at ~1.31% over the last 3yrs while peers have grown at a median rate of 1.98%
Is the promoter bullish about Neogen Chemicals?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Neogen Chemicals is 51.23% and last quarter promoter holding is 51.23%.
Are mutual funds buying/selling Neogen Chemicals?
The mutual fund holding of Neogen Chemicals is increasing. The current mutual fund holding in Neogen Chemicals is 20.24% while previous quarter holding is 20.01%.