Neogen Chemicals Ltd. share price target

Neogen has two segments viz. (i) organic chemicals, (ii) inorganic chemicals which find applications in pharmaceutical intermediates, agrochemical intermediates, polymers additives and water treatment chemicals. As the per the new strategy to address the opportunities emanating from EV ecosystem, it has earmarked a capex of 1,795 crore for the Lithium...

Neogen Chemicals (Neogen) delivered a favourable financial performance in the quarter. Revenue, EBITDA and PAT rose by 12%, 38% and 209% respectively QoQ majorly owing to volume led recovery in Q4FY26.The battery chemicals capex which was earlier envisaged at Rs 15 bn has been revised to Rs ~18bn and timeline for commissioning has also been revised to end of FY27. This is majorly attributed to design change from in-house to Japanese Technology and additional capex for higher localization of sub components to reduce import dependency. Although battery chemicals ramp up has been delayed by around a...

Neogen Chemicals (Neogen) delivered a subdued financial performance in the quarter. Profitability was impacted on account of rise in insurance premiums, increase in finance costs owing to rebuilding of the Dahej MPP (post the fire incident) increased overheads at Neogen Ionics and interim outsourcing costs. The demand for Electrolytes and Salts has been delayed by 6 to 12 months owing to the delays in EV ramp up. However we continue to remain positive on the battery chemicals theme as growth from EVs and Battery Energy Storage Systems (BESS) will necessitate the creation of a domestic supply ecosystem...

About the stock: Commencing operations in 1991, Neogen Chemicals Neogen has two segments viz. (i) organic chemicals, (ii) inorganic chemicals which find applications in pharmaceutical intermediates,...

Neogen Chemicals (Neogen) delivered a subdued financial performance in the quarter. Profitability was impacted on account of higher employee costs, rise in insurance premiums, increase in finance costs owing to rebuilding of the Dahej MPP (post the fire incident) and lower utilization and startup costs at Neogen Ionics. The demand for Electrolytes and Salts has been delayed by 6 to 12 months owing to the delays in EV ramp up. However we continue to remain positive on the battery chemicals theme as growth from EVs and Battery Energy Storage Systems (BESS) will necessitate the creation of a domestic supply...

Neogen Chemicals (Neogen) delivered a fair financial performance in the quarter. The performance was led by higher volumes across various product categories. Revenue for Organic chemicals segment grew by 16% YoY while the revenue for the inorganic chemicals segment declined by 42% YoY. We are cognizant of the slowdown in the overall EV ramp up and delays in customer approval in light of the global tariff uncertainties. However we continue to remain positive on the battery chemicals theme as growth from EVs and Battery Energy Storage Systems (BESS) will necessitate the creation of a domestic supply...

Positioned to tap opportunities in battery chemicals

Capacity expansion to drive growth

Battery chemicals to drive the next leg of growth

Battery chemicals to provide the next leg of growth

Electrolyte licencing deal to rev up EV dream

Multiple levers in place to drive growth

Many levers in place to drive medium term growth