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    Neogen Chemicals Limited

    Manufactures Bromine and Lithium-based specialty chemicals; expanding into EV battery materials.

    Chemicals
    Commodities
    View NEOGEN earnings calls
    ₹1,932
    +13.41% from avg

    Overview

    Price

    ₹1,932

    Market Cap

    ₹5.7k Cr

    Sector

    Chemicals

    Commodities

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2323252526262626
    Reserves133160414458734763773790
    Borrowings1372222293704095971.1k1.4k
    Other Liabilities6187131202292361370691
    Total Liabilities3554927991.1k1.5k1.7k2.3k2.9k
    AssetsFixed Assets111127285347496404426475
    CWIP31151136109156335857
    Investments118277001010
    Other Assets2412504225948561.2k1.4k1.6k
    Total Assets3554927991.1k1.5k1.7k2.3k2.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-4-35841-30-29196-231
    Cash from Investing-20-29-135-146-94-216-317-410
    Cash from Financing246351188100237113642
    SummaryCapital Expenditure
    Free Cash Flow-24-63-51-65-134-332-121-647
    FCF Margin

    Valuation

    Assumptions

    Current — NEOGEN
    Price
    ₹1,932
    EPS (TTM)
    ₹13.25
    PE (TTM)
    145.8
    Profit growth
    -17.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (114.4×) and current (145.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,932
    vs
    Fair value · 15% return
    ₹220
    89%Overvalued

    At -17.3% growth and a 114× exit, ₹1932 only delivers your return if you pay ₹220. The price is currently baking in 23% growth.

    EPS grows -17.3%/yr for 5 years, then fades to 6% over 2, exits at 114×.

    YearGrowthEPS (₹)
    FY27-17.3%10.96
    FY28-17.3%9.06
    FY29-17.3%7.49
    FY30-17.3%6.20
    FY31-17.3%5.13
    FY32-5.7% ·fade4.84
    FY336.0% ·fade5.13

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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