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Earnings Call

Neogen Chemicals Earnings Call: Key Takeaways

Neogen delivered volume-led Q4 growth but faces significant execution hurdles as battery project costs ballooned by ₹250cr+ while timelines shifted to the right.

Why this was an Alfa AlertNot a filter event. Results and FY27 standalone guidance are largely in line with previous expectations.
Highlights
Revenue growth22% YoY Q4 growth, primarily driven by strong volumes.
MarginsEBITDA margin maintained at 17.8% despite supply chain disruptions.
Demand visibilityStrong demand visibility for lithium salts and electrolyte formulations.
Management confidenceBalanced tone despite significant capex revisions and timeline delays.

Growth

FY26 revenue grew 11% volume-led; Inorganic chemicals segment surged 145% on demand for lithium compounds.

Outlook

FY27 standalone revenue guided at ₹875-950cr; combined FY29 revenue potential of ₹3700-4200cr.

Risks

Battery capex revised upwards from ₹1500cr to ₹1800cr; persistent project delays risk liquidity strain.

Source

Earnings Call filed with BSE, NSE: NEOGEN. Summary written with AI assistance from the document.

Read the document ↗

Neogen Chemicals Ltd: key numbers

Share price
₹2,795.40
Market cap
₹8,398 Cr
Revenue (annual)
₹862.0 Cr
Net profit (annual)
₹28.75 Cr
P/E (TTM)
207.8×Sector 35.5×
Promoter holding
48.31%-4.70% QoQ
FII holding
4.13%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Regulatory Approval

Neogen Chemicals Regulatory Approval

Neogen Chemicals received GPCB's revocation of its Dahej plant direction and a CC&A amendment for manufacturing. The revocation is for three months with conditions attached.