Neogen Chemicals Ltd

Neogen Chemicals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Neogen Chemicals Ltd

₹ 1,570 1.81%
02 May - close price
neogenchem.com BSE: 542665 NSE : NEOGEN
About

Neogen Chemicals Ltd, incorporated in 1991, manufactures bromine and lithium-based organic and organo-metallic compounds, used in the pharmaceutical, agricultural chemicals, and engineering industries. [1]

Key Points

About
The company manufactures Bromine and Lithium-based chemical compounds, led by Indian technocrats. The company also manufactures Advance Intermediates in Pharma / Agro / Flavours and Fragrances. [1] As of Q1FY24, company has developed ~248 products from their own R&D.[2]Neogen is the largest importer of Lithium Carbonate & Lithium Hydroxide for last 3 decades – Strong Relationship with Global Leading Lithium Miners & Processors.[3]

Website BSE NSE
  • Market Cap ₹ 4,144 Cr.
  • Current Price ₹ 1,570
  • High / Low ₹ 1,859 / 1,149
  • Stock P/E 94.0
  • Book Value ₹ 290
  • Dividend Yield 0.19 %
  • ROCE 10.4 %
  • ROE 7.06 %
  • Face Value ₹ 10.0
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Pros

  • Company's median sales growth is 19.5% of last 10 years

Cons

  • Stock is trading at 5.41 times its book value
  • Company has a low return on equity of 9.94% over last 3 years.
  • Dividend payout has been low at 14.1% of profits over last 3 years
  • Debtor days have increased from 106 to 140 days.
  • Promoter holding has decreased over last 3 years: -7.44%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
93 85 113 133 157 148 148 186 204 170 168 167 191
74 69 93 109 130 123 124 156 171 141 142 142 157
Operating Profit 19 16 21 24 27 25 24 30 33 29 26 26 34
OPM % 20% 18% 18% 18% 17% 17% 16% 16% 16% 17% 16% 15% 18%
0 0 0 0 1 1 0 1 2 2 2 1 4
Interest 4 4 4 6 5 6 7 7 9 11 11 10 9
Depreciation 2 2 2 4 4 4 4 4 4 5 5 5 5
Profit before tax 13 10 14 14 19 16 14 21 21 16 12 12 23
Tax % 29% 28% 22% 24% 17% 29% 29% 29% 31% 28% 26% 53% 24%
9 7 11 10 16 11 10 15 14 11 9 6 18
EPS in Rs 4.01 3.16 4.80 4.49 6.28 4.46 3.97 5.90 5.75 4.58 3.66 2.20 6.71
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
66 74 84 100 110 161 239 306 336 487 686 696
57 62 71 86 90 132 196 248 272 401 575 581
Operating Profit 9 11 13 14 20 29 43 58 64 87 112 116
OPM % 14% 16% 15% 14% 18% 18% 18% 19% 19% 18% 16% 17%
0 0 1 0 0 1 1 0 1 1 5 9
Interest 4 5 5 5 8 10 12 12 14 19 29 41
Depreciation 1 1 1 1 1 2 3 5 7 12 16 20
Profit before tax 5 6 8 8 12 18 29 41 44 57 71 64
Tax % 23% 41% 37% 39% 33% 39% 28% 30% 29% 22% 30% 31%
4 4 5 5 8 11 21 29 31 45 50 44
EPS in Rs 9.13 8.09 11.31 2.59 3.88 5.34 10.48 12.33 13.47 17.93 20.07 16.70
Dividend Payout % 22% 25% 18% 77% 26% 19% 14% 16% 17% 15% 15% 12%
Compounded Sales Growth
10 Years: 25%
5 Years: 24%
3 Years: 27%
TTM: 1%
Compounded Profit Growth
10 Years: 28%
5 Years: 16%
3 Years: 12%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 22%
1 Year: -1%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 20 20 20 20 23 23 25 25 26
Reserves 12 15 19 8 22 31 50 133 160 414 458 739
Preference Capital 0 0 0 0 0 13 12 0 0 0 0
21 25 24 26 69 69 108 137 222 229 370 389
16 18 21 27 41 61 68 61 87 131 202 224
Total Liabilities 55 63 69 80 152 181 247 355 492 800 1,054 1,378
13 14 13 17 56 67 83 111 127 285 347 345
CWIP 0 0 0 1 1 1 0 3 115 11 36 56
Investments 0 0 0 0 0 0 0 0 0 81 77 25
42 49 55 62 94 112 163 242 250 423 594 952
Total Assets 55 63 69 80 152 181 247 355 492 800 1,054 1,378

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 3 9 9 0 12 -4 -34 83 1 -30
0 -1 -2 -4 -33 -13 -20 -29 -134 -146 -94
0 -2 -6 -4 33 -0 24 62 51 188 100
Net Cash Flow 0 0 1 0 1 -1 0 -1 -0 44 -25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67 82 78 58 107 94 93 90 85 82 94 140
Inventory Days 187 173 178 190 228 192 188 257 211 258 275 343
Days Payable 124 117 120 130 177 141 111 71 122 131 147 129
Cash Conversion Cycle 130 138 136 117 158 145 169 276 174 209 223 355
Working Capital Days 132 140 140 126 167 142 163 217 164 190 205 319
ROCE % 26% 26% 27% 26% 23% 23% 26% 22% 17% 14% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.33% 64.33% 64.33% 60.19% 60.19% 60.19% 60.19% 60.18% 60.18% 60.18% 56.89% 56.89%
4.74% 4.79% 0.00% 4.36% 4.28% 3.74% 3.99% 4.13% 4.30% 4.25% 4.51% 4.56%
14.05% 14.55% 18.82% 18.64% 19.33% 19.12% 18.89% 20.01% 19.87% 20.25% 22.85% 22.14%
16.88% 16.33% 16.85% 16.81% 16.20% 16.96% 16.93% 15.68% 15.63% 15.32% 15.75% 16.42%
No. of Shareholders 25,34627,55434,23039,62638,64240,92649,48851,68647,58145,30047,01848,356

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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