Neogen Chemicals Ltd
NSE:NEOGEN

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Neogen Chemicals Ltd Logo
Neogen Chemicals Ltd
NSE:NEOGEN
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Price: 1 115 INR -1.73%
Market Cap: 29.4B INR

Neogen Chemicals Ltd
Investor Relations

Neogen Chemicals Ltd. engages in the manufacture of specialty chemicals which are used in pharmaceutical, engineering, and agro chemical industries. The Company’s products include organic chemicals, advance intermediates, inorganic chemicals, chemistries and grignard reagents. The firm operates through three segments: organic chemicals, inorganic chemicals, and custom synthesis and manufacturing. Organic chemicals segment is involved in the manufacturing of organic bromine-based compounds, advanced intermediates, specialty compounds and Grignard reagents. The inorganic chemicals segment is involved in manufacturing inorganic lithium and bromine salts. Custom synthesis and manufacturing segment is involved in developing and manufacturing new processes and customized products.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 10, 2025
AI Summary
Q2 2026

Revenue Growth: Neogen reported 8% year-on-year revenue growth for Q2 FY '26, reaching INR 209 crores.

Margin Expansion: Gross profit rose 16% with a 350 basis point improvement in gross margin, though higher costs hurt EBITDA and PAT.

Operational Resilience: The company quickly adapted to a fire at the Dahej plant by shifting production and using third-party partners, incurring temporary extra costs.

Battery Chemicals Delay: Significant delays in both Indian and overseas customer demand for battery chemicals, especially electrolyte salt, led to a sharp reduction in near-term revenue guidance for this segment.

Guidance Update: FY '26 Battery Chemicals revenue guidance cut from INR 300 crores to INR 30–40 crores; FY '27 guidance set at INR 400–500 crores, with full utilization expected by FY '29.

Strategic JV: Announced an Indo-Japanese joint venture (Neogen Morita New Materials Limited) to produce non-FEOC compliant LiPF6 salt, targeting the growing global demand for battery materials.

Insurance Payouts: Insurance claim process for the Dahej fire is moving ahead, with some interim payments received and most costs expected to be recouped next year.

Strong Financial Liquidity: INR 200 crores raised via NCD provides financial flexibility for projects and Dahej plant rebuilding.

Key Financials
Revenue
INR 209 crores
Organic Revenue
INR 184 crores
Inorganic Revenue
INR 24 crores
Neogen Ionics Revenue
INR 5.42 crores
EBITDA
INR 30 crores
PAT
INR 3 crores
Standalone Debt
INR 722 crores
Net Debt (Standalone)
INR 595 crores
Total Debt (Consolidated)
INR 1,078 crores
Net Debt (Consolidated)
INR 900 crores
Liquidity
INR 167 crores
DSCR (Trailing 12 months)
2.1x
Battery Chemicals Revenue Guidance (FY '26)
INR 30–40 crores
Battery Chemicals Revenue Guidance (FY '27)
INR 400–500 crores
Full Utilization Revenue (Battery Chemicals)
INR 2,400–2,900 crores
Base Business Revenue Guidance (FY '26)
INR 850 crores
Base Business Revenue Guidance (FY '27)
INR 950–1,000 crores
Gross Block Guidance (FY '27 end)
INR 2,000 crores
Peak Debt Guidance
INR 1,800 crores
Inventory Loss (Dahej fire)
INR 170–180 crores
Planned CapEx (Total by end of next year)
INR 1,500 crores
Planned CapEx (Completed so far)
INR 620 crores
Planned CapEx (Expected by end of this year)
INR 500 crores
Earnings Call Recording
Other Earnings Calls

Management

Mr. Haridas Thakarshi Kanani B.Tech.
Chairman & MD
No Bio Available
Dr. Harin Haridas Kanani Ph.D.
MD & Executive Director
No Bio Available
Mr. Shyamsunder Radeshyam Upadhyay
Director of Operations & Whole Time Director
No Bio Available
Mr. Gopikrishnan Sarathy
Chief Financial Officer
No Bio Available
Ms. Unnati Rajesh Kanani
Company Secretary & Compliance Officer
No Bio Available
Navin Jha
Senior General Manager of Marketing
No Bio Available
Mr. Kirit Chauhan
Senior Vice President of Human Resource
No Bio Available
BP Pant
Senior Vice President of Business Development
No Bio Available

Contacts

Address
1002, 10Th Floor, Dev Corpora Bldg,, off. Pokharan Road no.2
Contacts
+912225497300
neogenchem.com