Neogen Chemicals Ltd. (IN:NEOGEN)
:NEOGEN
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Neogen Chemicals Ltd.
(NEOGEN)
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Rating:61Neutral
Price Target:
₹1,748.00
▲(51.09% Upside)
Action:ReiteratedDate:04/23/26
The score is primarily constrained by mixed financial quality—thin net margins, volatile/negative free cash flow, and higher leverage—despite solid revenue growth and improving operating efficiency. Technicals are constructive with strong trend/momentum, but overbought indicators add near-term risk. Valuation is the biggest drag given the extremely high P/E and negligible dividend yield.
Positive Factors
Specialized chemistry portfolio
A focused portfolio in bromine- and lithium-based specialty chemicals creates durable competitive advantages: technical know-how, client qualification barriers and diversified end-markets (pharma, agro, industrial). These characteristics support repeat revenue and higher switching costs over months to years.
Negative Factors
Thin net profit margins
Relatively low net margins mean limited retained earnings and weaker internal funding for capex or working capital. Even with healthy gross margins, elevated operating or other expenses are eroding profitability, leaving the firm sensitive to cost inflation or slower sales growth over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized chemistry portfolio
A focused portfolio in bromine- and lithium-based specialty chemicals creates durable competitive advantages: technical know-how, client qualification barriers and diversified end-markets (pharma, agro, industrial). These characteristics support repeat revenue and higher switching costs over months to years.
Read all positive factors
Neogen Chemicals Ltd. (NEOGEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.08B
Dividend Yield0.09%
Average Volume (3M)9.36K
Price to Earnings (P/E)211.5
Beta (1Y)1.42
Revenue Growth5.66%
EPS Growth-60.04%
CountryIN
Employees588
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)1.40
Shares Outstanding26,381,674
10 Day Avg. Volume1,157
30 Day Avg. Volume9,357
Financial Highlights & Ratios
PEG Ratio-22.51
Price to Book (P/B)5.41
Price to Sales (P/S)5.49
P/FCF Ratio-35.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,001.00Price Target Upside72.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)25.92
Revenue Forecast (FY)₹13.42B
Neogen Chemicals Ltd. Business Overview & Revenue Model
Company Description
Neogen Chemicals Limited manufactures and sells specialty chemicals in India. It offers organo bromine compounds, such as alkyl bromide compounds, dibromoalkane compounds, bromo chloro alkanes, bromine derivatives of organoacids, bromoacid ester c...
How the Company Makes Money
Neogen makes money primarily by manufacturing and selling specialty chemical products and intermediates, with revenue recognized from customer orders/contracts for these materials. Key revenue streams typically include: (1) Bromine-based specialty...
Neogen Chemicals Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.00B | 7.78B | 6.91B | 6.86B | 4.87B | 3.36B |
| Gross Profit | 3.69B | 3.54B | 1.42B | 2.98B | 1.40B | 969.86M |
| EBITDA | 1.37B | 1.36B | 1.13B | 1.16B | 865.60M | 644.96M |
| Net Income | 260.50M | 348.30M | 356.50M | 499.70M | 446.30M | 313.30M |
Balance Sheet | ||||||
| Total Assets | 23.02B | 17.47B | 14.61B | 10.54B | 7.99B | 4.92B |
| Cash, Cash Equivalents and Short-Term Investments | 5.00B | 49.60M | 124.90M | 967.60M | 1.14B | 5.10M |
| Total Debt | 11.32B | 5.97B | 4.09B | 3.70B | 2.29B | 2.22B |
| Total Liabilities | 15.02B | 9.58B | 7.01B | 5.71B | 3.60B | 3.09B |
| Stockholders Equity | 8.00B | 7.89B | 7.60B | 4.83B | 4.39B | 1.83B |
Cash Flow | ||||||
| Free Cash Flow | -4.17B | -1.22B | -3.32B | -1.34B | -1.69B | -514.61M |
| Operating Cash Flow | -2.46B | 1.96B | -291.50M | -303.50M | 14.10M | 835.70M |
| Investing Cash Flow | -1.13B | -3.17B | -2.16B | -944.60M | -1.46B | -1.35B |
| Financing Cash Flow | 4.66B | 1.13B | 2.37B | 1.00B | 1.88B | 507.27M |
Neogen Chemicals Ltd. Technical Analysis
Positive
1156.90
Price Trends
1334.33
Positive
1242.62
Positive
1370.36
Positive
Market Momentum
34.64
Negative
66.33
Neutral
91.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NEOGEN, the sentiment is Positive. The current price of 1156.9 is below the 20-day moving average (MA) of 1300.42, below the 50-day MA of 1334.33, and below the 200-day MA of 1370.36, indicating a bullish trend. The MACD of 34.64 indicates Negative momentum. The RSI at 66.33 is Neutral, neither overbought nor oversold. The STOCH value of 91.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NEOGEN.
Neogen Chemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹40.51B | 29.53 | ― | 0.97% | -5.17% | -22.34% | |
64 Neutral | ₹28.59B | 24.59 | ― | 0.09% | 16.09% | 1.02% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹43.08B | 211.46 | ― | 0.09% | 5.66% | -60.04% | |
58 Neutral | ₹28.22B | 25.06 | ― | 0.62% | 3.49% | ― | |
55 Neutral | ₹22.39B | -118.51 | ― | 0.58% | -4.17% | -117.43% | |
45 Neutral | ₹23.66B | -15.05 | ― | 0.43% | -11.11% | -340.74% |
* Basic Materials Sector Average
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Neogen Chemicals Ltd. Corporate Events
Neogen Chemicals holds virtual EGM to clear equity issue and address investor queries
Mar 29, 2026
Neogen Chemicals Ltd. held an Extraordinary General Meeting on March 29, 2026, via video conferencing and other audio-visual means, in compliance with Ministry of Corporate Affairs and SEBI guidelines for electronic shareholder participation. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.