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Earnings Call

Neogen Chemicals Earnings Call: Key Takeaways

Neogen reported Q4 FY26 revenue of ₹247 crore (+22% YoY) and EBITDA of ₹44 crore (+21% YoY). The company is transitioning towards a battery materials-led portfolio with massive capex in Pakhajan and Dahej.

Highlights
Revenue growthQ4 FY26 revenue grew 22% YoY; FY26 revenue grew 11% YoY.
MarginsEBITDA margin sustained at 17.8% despite expansion overheads and supply disruptions.
Order bookProvisional approval from global customers for lithium electrolyte salts.
Demand visibilitySustained visibility across core products; giga-scale battery manufacturing demand increasing.
Management confidenceHigh confidence in lithium-ion ecosystem and long-term growth trajectory.

Growth

FY26 revenue reached ₹862 crore (+11% YoY). Q4 growth driven by volumes in specialty chemicals and inorganic segments.

Outlook

FY27 standalone revenue guidance: ₹875–950 crore. Pakhajan Phase 2 completion March 2027; battery chemical revenue target ₹300cr+ in FY27.

Risks

Pricing volatility in lithium/bromine, Middle East geopolitical supply chain disruptions, and temporary costs from Dahej facility reconstruction.

Source

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

Read the document ↗

Neogen Chemicals Ltd: key numbers

Share price
₹2,385.20
Market cap
₹7,166 Cr
Revenue (annual)
₹862.0 Cr
Net profit (annual)
₹28.75 Cr
P/E (TTM)
201.5×Sector 37.5×
Promoter holding
48.31%-2.92% QoQ
FII holding
4.51%Current quarter

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

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