Neogen Chemicals
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Neogen Chemicals

1,082.10
-54.00
(-4.75%)
Market Cap
₹2,854.76 Cr
PE Ratio
115.29
Volume
2,56,308.00
Day High - Low
₹1,149.50 - ₹1,079.00
52W High-Low
₹2,275.00 - ₹966.70
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Key Fundamentals
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Market Cap
2,854.76 Cr
EPS
13.20
PB Ratio
3.75
Book Value
303.17
EBITDA
140.30
Dividend Yield
0.09 %
Industry
Chemicals
ROE Growth %
-
Debt to Equity
0.65
Analyst Rating and Forecast
- By Refinitiv from6 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+83.33 %
+83.33 %
Hold
Hold+16.67 %
+16.67 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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Neogen Chemicals Subsidiary Forms Joint Venture with Japan's Morita Investment for Electrolyte Salt ProductionNov 28, 2025
Neogen Ionics Limited, a wholly owned subsidiary of Neogen Chemicals Limited, has concluded a joint venture agreement with Japan's Morita Investment Limited to produce solid LiPF6 salt for lithium-ion battery electrolytes in India. The joint venture company Neogen Morita New Materials Limited will see NIL holding 80% stake while MIL contributes 20 million for a 20% stake, marking one of the first Indo-Japan collaborations in lithium-ion battery materials space.
neutral
Neogen Chemicals achieved 8% revenue growth to INR 209 crore in Q2 FY26 with 16% gross profit improvement, though EBITDA and PAT were affected by elevated costs from the Dahej plant fire incident. The company's battery chemicals business faces delays with revised guidance of INR 30-40 crore for FY26 (down from INR 300 crore) due to slower Indian gigafactory ramp-ups and delayed customer approvals, while forming a strategic Indo-Japan joint venture for lithium-ion battery materials.
neutral
Neogen Chemicals Limited issued a corrigendum to correct typographical errors in Note No. 1 of its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The company revised several financial ratios including Debt Service Coverage Ratio and Interest Service Coverage Ratio for both standalone and consolidated results. For standalone results, the trailing twelve months DSCR was corrected from 2.11 to 2.38, and trailing twelve months ISCR was corrected from 3.59 to 2.51. For consolidated results, the quarterly DSCR was revised from 0.75 to 0.97 for the quarter and from 0.99 to 1.44 for the half year, while trailing twelve months DSCR was corrected from 0.77 to 1.99. The company stated that these were not material errors and do not impact the financial statements in any manner.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,450.70
#1 1,47,639.77
66.68
13,387.50
6.91
#1 2,096
8.20
41.67
3,033.30
89,914.54
55.24
14,825.80
12.13
1,251
92.75
62.65
3,537.30
38,857.24
56.95
4,853.20
10.61
546
47.93
53.43
5,912.50
30,275.41
69.67
2,393.10
12.83
289
#1 152.38
54.30
465.15
22,971.41
36.35
4,664.30
10.33
555
29.77
53.47
1,600.30
21,826.98
40.98
8,365.80
7.84
697
-38.83
48.85
5,876.00
17,299.98
#1 30.19
5,692.40
#1 18.99
499
30.75
50.05
3,830.30
16,579.70
44.98
#1 15,339.40
10.81
479
-16.18
21.19
1,566.30
16,237.15
37.43
2,292.50
18.24
405
10.06
37.57
1,323.60
15,068.96
67.43
1,448.50
-3.77
160
86.93
70.23
Growth Rate
Revenue Growth
11.96 %
Net Income Growth
-2.25 %
Cash Flow Change
772.32 %
ROE
-5.97 %
ROCE
-4.14 %
EBITDA Margin (Avg.)
6.65 %

Quarterly Financial Results

Quarterly Financials
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
39
58
64
80
65
77
82
82
77
82
85
93
85
113
133
158
149
149
188
206
167
164
166
202
182
194
203
204
188
211
Expenses
32
47
53
64
53
62
66
67
63
67
68
74
69
93
109
130
123
124
156
171
137
136
144
164
149
159
167
181
155
179
EBITDA
7
10
11
16
12
15
16
16
14
16
17
19
16
21
24
28
26
25
32
34
30
28
22
38
32
35
36
23
33
32
Operating Profit %
17 %
17 %
16 %
20 %
18 %
19 %
19 %
19 %
18 %
19 %
20 %
20 %
18 %
18 %
18 %
17 %
17 %
16 %
16 %
16 %
17 %
16 %
12 %
18 %
17 %
18 %
17 %
11 %
17 %
14 %
Depreciation
1
1
1
1
1
1
1
2
2
2
2
2
2
2
4
4
4
4
4
4
6
6
6
6
7
7
7
7
6
7
Interest
3
3
3
3
3
3
3
3
3
4
3
4
4
4
6
5
6
7
7
9
11
11
11
10
10
13
13
13
13
20
Profit Before Tax
4
7
7
12
8
11
12
11
9
10
12
13
10
14
14
19
16
14
21
21
14
11
6
23
16
16
15
4
14
5
Tax
1
2
3
4
2
3
3
4
3
3
3
4
3
3
3
3
5
4
6
6
4
3
5
6
4
5
5
1
4
2
Net Profit
3
5
4
9
5
8
8
7
6
7
9
9
7
11
11
16
11
10
15
14
10
8
1
17
12
11
10
2
10
3
EPS in ₹
1.43
0.00
2.17
4.36
2.32
3.21
3.46
3.13
2.62
3.16
3.66
3.99
3.15
4.79
4.49
5.50
4.45
3.95
5.89
5.74
3.90
3.17
0.41
6.42
4.35
4.15
3.80
0.91
3.89
1.28

Balance Sheet

Balance Sheet
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
180
246
355
492
799
1,054
1,461
1,747
Fixed Assets
67
83
111
127
285
348
496
404
Current Assets
107
160
231
240
493
656
784
1,000
Capital Work in Progress
1
0
3
115
11
36
109
156
Investments
0
1
1
1
82
77
0
0
Other Assets
112
163
241
250
422
594
856
1,187
Total Liabilities
180
246
355
492
799
1,054
1,461
1,747
Current Liabilities
84
117
150
178
218
410
527
733
Non Current Liabilities
46
60
49
131
142
162
174
225
Total Equity
50
70
156
183
439
483
760
789
Reserve & Surplus
30
50
133
160
414
458
734
763
Share Capital
20
20
23
23
25
25
26
26

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
1
0
1
-1
0
-1
-0
44
-25
-8
-8
Investing Activities
-2
-4
-33
-13
-20
-29
-135
-146
-95
-216
-317
Operating Activities
9
9
0
12
-4
-35
84
1
-30
-29
196
Financing Activities
-6
-4
33
-0
24
63
51
188
100
237
113

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Jan 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Nov 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
64.33 %
64.33 %
64.33 %
64.33 %
60.19 %
60.19 %
60.19 %
60.19 %
60.19 %
60.18 %
60.18 %
60.18 %
56.89 %
56.89 %
56.89 %
56.89 %
51.23 %
51.23 %
51.23 %
51.23 %
51.23 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
4.24 %
0.00 %
4.51 %
4.56 %
4.65 %
8.17 %
7.73 %
7.79 %
7.36 %
5.15 %
DIIs
13.89 %
13.18 %
13.75 %
13.48 %
17.19 %
17.50 %
18.20 %
19.12 %
18.88 %
20.01 %
19.88 %
20.25 %
23.17 %
22.84 %
22.14 %
22.54 %
22.48 %
22.53 %
22.75 %
22.96 %
25.23 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
13.08 %
13.31 %
13.64 %
13.94 %
13.04 %
12.87 %
11.92 %
10.76 %
11.33 %
11.58 %
11.56 %
11.17 %
10.51 %
11.76 %
12.50 %
11.82 %
13.00 %
13.22 %
12.89 %
12.97 %
12.64 %
Others
8.70 %
9.18 %
8.28 %
8.26 %
9.58 %
9.44 %
9.69 %
9.93 %
9.60 %
8.23 %
8.38 %
4.16 %
9.43 %
3.99 %
3.91 %
4.10 %
5.13 %
5.29 %
5.35 %
5.48 %
5.75 %
No of Share Holders
0
18,578
25,346
27,554
34,230
34,236
39,626
38,642
40,926
51,686
47,581
45,300
44,787
47,018
48,356
46,698
46,470
47,651
46,104
46,321
45,710

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 1.5 2 2.25 2.75 3 2 1
Dividend Yield (%) 0.00 0.00 0.00 0.44 0.23 0.13 0.22 0.25 0.13 0.09

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
20 Sept 2021 DIVIDEND Dividend
₹ 2.25 /share
16 Sept 2021 950.60 1,130.25
20 Sept 2022 DIVIDEND Dividend
₹ 2.75 /share
19 Sept 2022 1,404.40 1,480.65
26 Aug 2023 DIVIDEND Dividend
₹ 3.00 /share
25 Aug 2023 1,522.95 1,556.90
20 Sept 2024 DIVIDEND Dividend
₹ 2.00 /share
19 Sept 2024 1,530.65 2,183.15
27 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
27 Sept 2024 1,574.95 2,172.40
12 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Nov 2024 2,203.80 1,990.45
01 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
01 Feb 2025 1,821.10 1,905.75
17 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
17 May 2025 1,543.00 1,542.40
02 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
02 Aug 2025 1,545.60 1,539.80
19 Sept 2025 DIVIDEND Dividend
₹ 1.00 /share
19 Sept 2025 1,542.40 1,572.20
26 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
26 Sept 2025 1,539.80 1,526.30
08 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Nov 2025 1,472.50 1,454.25

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 28, 2025
Announcement under Regulation 30 (LODR)-Updates on Joint VentureNov 28, 2025
Update On Joint Venture Agreement Executed By And Between Neogen Ionics Limited- A Wholly Owned Subsidiary Of The Company And Morita Investment LimitedNov 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 26, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 17, 2025
Corrigendum/ Clarification Letter For Typographical Error In Note No.1 To The Unaudited Standalone And Consolidated Financial Results In The Outcome Of Board Meeting Filed On 08-11-2025.Nov 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 09, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 09, 2025
Outcome Of Board Meeting- Unaudited Financial Results For The Quarter And Half Year Ended 30-09-2025Nov 08, 2025
Outcome Of Board MeetingNov 08, 2025
Board Meeting Outcome for Outcome Of Board MeetingNov 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 05, 2025
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On November 8 2025Nov 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 03, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 03, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 14, 2025
Intimation To The Shareholders Regarding 100 Days Campaign - Saksham Niveshak.Oct 14, 2025
Consolidated Voting Results And Scrutinizers Report Of The 36Th AGM Of The Company.Sep 28, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 28, 2025
Closure of Trading WindowSep 27, 2025
Proceedings/ Outcome Of 36Th AGM Of The Company.Sep 26, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Clarification Sought By The Exchange In Respect Of Increase In Volume In Neogen Chemicals LimitedS Scrip.Sep 09, 2025
Clarification sought from Neogen Chemicals LtdSep 09, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2025
Business Responsibility and Sustainability Reporting (BRSR)Sep 03, 2025
Compliances-Reg. 50 (2) - Intimation to the Exchange about meeting under 50(2)Sep 03, 2025
Notice Of 36Th AGMSep 03, 2025
Regulation 53 (1) Annual Report.Sep 03, 2025
Reg. 34 (1) Annual Report.Sep 03, 2025
Intimation Of Execution Of Joint Venture Agreement By And Between Neogen Ionics Limited- A Wholly Owned Subsidiary Of The Company And Morita Investment Limited.Aug 31, 2025
Intimation Of Execution Of Joint Venture Agreement By And Between Neogen Ionics Limited- A Wholly Owned Subsidiary Of The Company And Morita Investment Limited.Aug 31, 2025
Closure of Trading WindowAug 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Intimation Of Allotment Of Ncds And Record Date For Payment Of First Interest.Aug 12, 2025
Announcement under Regulation 30 (LODR)-AllotmentAug 12, 2025
Transcript Of Earnings Call Held On August 4 2025.Aug 07, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 07, 2025
Call Recording Of Investors Conference Call Held On August 4 2025.Aug 04, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 04, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 02, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 02, 2025
Book Closure From Saturday September 20 2025 To Friday September 26 2025 (Both Days Inclusive)Aug 02, 2025
Approval Of Record Date / Cut-Off Date As September 19 2025.Aug 02, 2025
Outcome Of Board Meeting Held On August 2 2025.Aug 02, 2025
Results - Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2025.Aug 02, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
ITI Small Cap Fund Direct-Growth
0.00%
-135591
-0.69%
-1.01%
Aditya Birla Sun Life Small Cap Fund Direct-Growth
0.53%
-74109
-0.35%
-0.43%
Bajaj Finserv Flexi Cap Fund Direct-Growth
0.17%
-37833
-0.15%
-0.18%
Sundaram Small Cap Fund Direct-Growth
0.89%
28383
-0.12%
-0.21%
Bandhan Infrastructure Fund Direct Plan-Growth
0.28%
18205
0.09%
0.15%
Bajaj Finserv Healthcare Fund Direct-Growth
0.00%
-9432
-0.41%
-0.44%
Union Innovation & Opportunities Fund Direct - Growth
0.69%
8980
-0.07%
-0.05%
Union Midcap Fund Direct - Growth
0.00%
-7753
-0.07%
-0.08%
WhiteOak Capital Special Opportunities Fund Direct - Growth
0.46%
-6526
-0.24%
-0.40%
Mirae Asset Flexi Cap Fund Direct - Growth
0.38%
-3800
-0.14%
-0.26%
SBI Equity Savings Fund Direct-Growth
0.40%
-398
-0.11%
-0.12%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.18%
46
-0.05%
-0.06%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
4
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
-1
0.00%
0.00%
Angel One Nifty Total Market Index Fund Direct - Growth
0.01%
1
0.00%
0.00%
Bandhan Retirement Fund Direct-Growth
0.10%
0
-0.03%
-0.04%
Mirae Asset Equity Savings Fund Direct - Growth
0.16%
0
-0.05%
-0.07%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
Mirae Asset Small Cap Fund Direct-Growth
0.18%
0
-0.07%
-0.11%
Axis Small Cap Fund Direct-Growth
0.51%
0
-0.14%
-0.19%
SBI Comma Fund Direct-Growth
2.06%
0
-0.59%
-0.84%
SBI Contra Direct Plan-Growth
0.28%
0
-0.08%
-0.10%
Invesco India Smallcap Fund Direct - Growth
0.28%
0
-0.09%
-0.13%
SBI Large & Midcap Fund Direct Plan-Growth
0.28%
0
-0.10%
-0.13%
Mirae Asset Healthcare Fund Direct - Growth
0.41%
0
-0.11%
-0.15%

Technical Indicators

RSI(14)
Neutral
46.36
ATR(14)
Volatile
59.67
STOCH(9,6)
Neutral
51.32
STOCH RSI(14)
Overbought
95.12
MACD(12,26)
Bullish
13.67
ADX(14)
Strong Trend
37.70
UO(9)
Bearish
39.91
ROC(12)
Uptrend And Accelerating
0.96
WillR(14)
Neutral
-26.03