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Neogen Chemicals Ltd (NEOGEN)

₹1560.10.18%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 6 analysts

BUY

66.67%

Buy

33.33%

Hold

0.00%

Sell

Based on 6 analysts offering long term price targets for Neogen Chemicals Ltd. An average target of ₹1953.83

Source: S&P Global Market Intelligence

Neogen Chemicals Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,527.05
    ₹1,586.95
  • 52 Week's Low

    52 Week's High

    ₹1,176
    ₹1,859.3
1 Month Return-7.1 %
3 Month Return+ 13.8 %
1 Year Return-3.05 %
Previous Close₹1,557.30
Open₹1,557.30
Volume21.47K
Upper Circuit-
Lower Circuit-
Market Cap₹4,108.42Cr

Key Statistics

P/E Ratio112.04
PEG Ratio-18.28
Market Cap₹4,108.42 Cr
P/B Ratio6.63
EPS20.04

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth0.87%
SBI Large & Midcap Fund Direct GrowthSBI Large & Midcap Fund Direct Growth0.58%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth0.37%
Quant Small Cap Fund Growth Option Direct PlanQuant Small Cap Fund Growth Option Direct Plan0.3%
Sundaram Small Cap Fund - Direct Plan - Growth OptionSundaram Small Cap Fund - Direct Plan - Growth Option1.27%

Company Information

Neogen Chemicals is one of India's leading specialty chemical manufacturers. Specialty chemicals add value to a range of products, varying on their purpose and are generally in lower volumes compared to other chemical products. Neogen manufactures an extensive range of specialty chemicals, 181 organic and 17 inorganic, and provides custom synthesis and contract manufacturing. The company has two manufacturing facilities in India at Mahape Navi Mumbai and Karakhadi Vadodara, expending their operations in the near future in Dahej SEZ. In June 2019 Neogen Chemicals went public with an IPO of 6155813 equity shares at a price of Rs 215 per share including a share premium of Rs 205 per share totaling Rs132.35 Crores, comprising of a fresh issue of 3255813 equity shares and offer for sale of 1699600 shares by Haridas Thakarshi Kanani and 1200400 equity shares Beena Haridas Kanani.

Share Price: ₹1560.10 per share as on 22 Jul, 2024 04:01 PM
Market Capitalisation: ₹4,108.42Cr as of today
Revenue: ₹199.65Cr as on March 2024 (Q1 24)
Net Profit: ₹16.93Cr as on March 2024 (Q1 24)
Listing date: 01 Jan, 0001
Chairperson Name: Haridas Thakarshi Kanani
OrganisationNeogen Chemicals Ltd
HeadquartersThane
IndustryChemicals
E-voting on sharesClick here to vote

Key events for Neogen Chemicals Ltd

  • IDBI Capital Gives Buy Call on Neogen Chemicals with 74% Upside Potential - 12 Jul, 2024

    IDBI Capital has given a buy call on Neogen Chemicals with a target price of Rs 2,871 apiece, indicating a potential upside of 74%. The company's contracts with committed volumes from domestic battery manufacturers and its upcoming battery chemicals factory are expected to drive healthy price appreciation. IDBI Capital projects robust growth in Neogen's core business, driven by demand recovery in agrochemicals and pharma in FY25 after a slow FY24.

  • Neogen Chemicals Chairman & MD Sells Shares Worth Rs 2.4 Billion - 03 Jul, 2024

    Chairman and Managing Director of Neogen Chemicals, Haridas Kanani, sold shares worth Rs 2.4 billion at a price of Rs 1,610 per share, reducing their total holding by 11%. This is the biggest insider sale of Neogen Chemicals shares in the last year.

  • Neogen Chemicals Promoter Divests Stake; Company Reports Strong Revenue Growth - 01 Jul, 2024

    Promoter Haridas Thakarshi Kanani has sold a 5.67% stake in Neogen Chemicals Ltd to institutional investors including SBI Mutual Fund and White Oak Group. Despite significant decreases in raw material prices, the company reported consolidated revenue of Rs 691 crore with ambitious growth plans in the battery materials sector.

  • Neogen Chemicals Promoter Divests Stake - 29 Jun, 2024

    Haridas Kanani, promoter of Neogen Chemicals, has sold a 5.67% stake to long-standing institutional investors SBI Mutual Fund and White Oak Group for his family's financial plans. The promoter still retains majority ownership. Shares fell by 4.76% to settle at Rs 1,592.85 on June 29.

  • Axis Direct Recommends Buy on Neogen Chemicals - 13 Jun, 2024

    Axis Direct has recommended a BUY on Neogen Chemicals with a target price of Rs 1,748 and stop loss of Rs 1,560. The stock is currently trading at Rs 1608.45, and the recommended entry price ranges from Rs 1,587 to Rs 1,603.

Insights on Neogen Chemicals Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.06 Cr → 16.93 Cr (in ₹), with an average increase of 93.7% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 20.32% to 20.38% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 163.65 Cr → 201.88 Cr (in ₹), with an average increase of 9.6% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.56% to 4.65% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Aarti Industries Ltd has given 44.4% return, outperforming this stock by 47.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Fine Organic Industries Ltd has given 76.2% return, outperforming this stock by 1.2%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.89% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, NEOGEN stock has moved down by -7.1%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 16.41% to 15.92% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹199.65Cr
↑21.41%
Net Income
₹16.93Cr
↑1,497.17%
Net Profit Margin
8.48%
↑1,225.00%
2023Y/Y Change
Revenue
₹686.18Cr
↑40.83%
Net Income
₹49.97Cr
↑11.97%
Net Profit Margin
7.28%
↓20.52%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,062.99Cr
↑31.23%
Total Liabilities
₹580.38Cr
↑56.58%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹30.35Cr
↓2,629.17%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.89%
0.00
Foreign Institutions
4.65%
1.98
Mutual Funds
20.38%
0.27
Retail Investors
15.92%
-3.00
Others
2.16%
19.15

Key Indicators

Neogen Chemicals Ltd Valuation

Neogen Chemicals Ltd in the last 5 years

  • Overview

  • Trends

Lowest (23.91x)

March 25, 2020

Industry (45.96x)

July 19, 2024

Today (112.04x)

July 19, 2024

Highest (121.21x)

June 26, 2024

LowHigh

Earnings and Dividends

  • Neogen Chemicals Ltd Earnings Results

    Neogen Chemicals Ltd’s net profit jumped 18.31% since last year same period to ₹16.93Cr in the Q4 2023-2024. On a quarterly growth basis, Neogen Chemicals Ltd has generated 1497.17% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Neogen Chemicals Ltd Dividends May,2023

    In the quarter ending March 2023, Neogen Chemicals Ltd has declared dividend of ₹3 - translating a dividend yield of 0.37%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Neogen Chemicals Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Neogen Chemicals Ltd (NEOGEN) share price today is ₹1560.1

Neogen Chemicals Ltd is listed on NSE

Neogen Chemicals Ltd is listed on BSE

  • Today’s highest price of Neogen Chemicals Ltd is ₹1586.95.
  • Today’s lowest price of Neogen Chemicals Ltd is ₹1527.05.

PE Ratio of Neogen Chemicals Ltd is 112.04

PE ratio = Neogen Chemicals Ltd Market price per share / Neogen Chemicals Ltd Earnings per share

Today’s traded volume of Neogen Chemicals Ltd(NEOGEN) is 21.47K.

Today’s market capitalisation of Neogen Chemicals Ltd(NEOGEN) is ₹4108.42Cr.

Neogen Chemicals Ltd(NEOGENPrice
52 Week High
₹1859.3
52 Week Low
₹1176

Neogen Chemicals Ltd(NEOGEN) share price is ₹1560.1. It is down -16.09% from its 52 Week High price of ₹1859.3

Neogen Chemicals Ltd(NEOGEN) share price is ₹1560.1. It is up 32.66% from its 52 Week Low price of ₹1176

Neogen Chemicals Ltd(NEOGENReturns
1 Day Returns
2.8%
1 Month Returns
-7.1%
3 Month Returns
13.8%
1 Year Returns
-3.05%