Neogen Chemicals (NEOGEN) had a P/E of 170.7× on 6 Nov 2026, above the industry P/E of 22.1×. Its ROCE of 6.0% is the lowest among the 7 largest Specialty Chemicals peers, and sales grew 8.7% a year over 3 years while net profit fell 17%. Debt is 1.04× equity. It is a small-cap company with a market cap of ₹7,657 Cr, ranked 29th of 204 Specialty Chemicals companies by market cap; the shares rose 64% over the past year.
- ₹2,400.00
- ₹2,589.70
- ₹2,343.20
- ₹2,408.00
- 2.2 L
Health check
- ReturnsAhead
+63.6% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 170.7 vs industry 22.1.
- GrowthSteady
Sales +8.7%, profit −16.8% a year over 3 years.
- ProfitabilityWeak
ROCE 6.0% vs peer median 24.4%.
- Balance sheetStretched
Debt 1.04× equity, interest covered 1.7×, Piotroski 3 of 9.
- Red flags3 to check
Return on equity is low at 3.4%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹7,657 Cr
- Small cap
- P/E
- 170.7
- Industry 22.1
- Price to book
- 4.49
- Peers 13.33
- Dividend yield
- 0.04%
- ROE
- 3.4%
- Peers 23.0%
- ROCE
- 6.0%
- Peers 24.4%
- Debt to equity
- 1.04
- Debt ₹1,641 Cr
- EPS (TTM)
- ₹14.93
- Face value ₹10
- OPM (TTM)
- 16.8%
- Net margin 4.0%
- Sales growth
- +41.8%
- Latest quarter vs a year ago
- Profit growth
- +144.2%
- Latest quarter vs a year ago
- Price to sales
- 7.56
- EV/EBITDA 52.2
Strengths and risks
Strengths
- Quarterly profit up 144.2% on a year ago.
- Quarterly sales up 41.8% on a year ago.
Risks to check
- Return on equity is low at 3.4%.
- P/E of 170.7 against an industry P/E of 22.1.
- Interest coverage of only 2.3×.
About Neogen Chemicals
Neogen Chemicals Limited engages in the manufacture and sale of specialty chemicals in India. It offers organo bromine compounds, such as alkyl bromide compounds, dibromoalkane compounds, bromo chloro alkanes, bromine derivatives of organoacids, bromoacid ester compounds, aromatic bromine derivatives, cyclic bromine derivatives, and speciality bromo fluro derivatives; speciality chloro compounds comprising unsaturated bromine derivatives, bromo hydroxy…
- Headquarters
- Thane
- Employees
- 680
- Sector
- Basic Materials
- ISIN
- INE136S01016
- Website
- neogenchem.com
Price range
- Avg volume (3M)
- 2.2 L
- 1-year return
- plus 63.6%
- From 52-week high
- minus 8.5%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| NEOGENNeogen Chemicals | 2,548.60 | plus 5.84% | 7,657 | 170.7 | 65.8 | 6.0% | 16.7% | 1.04 | 8.7% | plus 63.6% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 209 | 220 | 247 | 250 | 296 | |
| 179 | 188 | 203 | 201 | 251 | |
| 30 | 31.9 | 43.9 | 49 | 45.3 | |
| 14.4% | 14.5% | 17.8% | 19.6% | 15.3% | |
| 2 | 2.2 | 1 | 3.3 | 4 | |
| 19.5 | 21.5 | 21.5 | 20.8 | 27.8 | |
| 7.3 | 6.8 | 7.6 | 8.2 | 8.8 | |
| 5.2 | 5.8 | 15.9 | 23.3 | 12.7 | |
| 34.6% | 35.9% | 28.1% | 26.5% | 35.3% | |
| 3.4 | 3.7 | 11.4 | 17.1 | 8.2 | |
| 1.28 | 1.40 | 4.32 | 6.29 | 2.96 |
Profit & loss
- Sales CAGR 3Y
- +8.7%
- Profit CAGR 3Y
- −16.8%
- EPS CAGR 3Y
- −18.4%
- ROE
- 3.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 660 | 671 | 756 | 848 | |
| – | +1.6% | +12.7% | +12.2% | |
| 549 | 561 | 619 | 711 | |
| 112 | 110 | 137 | 137 | |
| 16.9% | 16.4% | 18.1% | 16.2% | |
| −0.7 | 3.4 | −6.4 | −7.7 | |
| 23.7 | 37.8 | 37.9 | 61 | |
| 16.2 | 22.9 | 27.8 | 27.5 | |
| – | – | −15 | −0.2 | |
| 71 | 52.8 | 50.2 | 41.1 | |
| 29.6% | 32.4% | 30.6% | 30.0% | |
| 50 | 35.7 | 34.8 | 28.8 | |
| – | minus 28.7% | minus 2.3% | minus 17.5% | |
| 20.03 | 13.96 | 13.20 | 10.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.9 | 26.4 | 26.4 | 26.4 | |
| 458 | 734 | 763 | 790 | |
| 370 | 409 | 597 | 1,395 | |
| 202 | 292 | 361 | 691 | |
| 1,054 | 1,461 | 1,747 | 2,902 | |
| 386 | 662 | 726 | 1,469 | |
| 39.6 | 168 | 323 | 995 | |
| 8.2 | 0.5 | 1.9 | 34.3 | |
| 96.8 | 15.3 | 5 | 4.9 | |
| 524 | 616 | 692 | 398 | |
| 1,054 | 1,461 | 1,747 | 2,902 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −30.4 | −29.2 | 196 | −231 | |
| −94.5 | −216 | −317 | −410 | |
| 100 | 237 | 113 | 642 | |
| −24.5 | −8.2 | −7.5 | −0 | |
| −104 | −303 | −318 | −556 | |
| −134 | −332 | −122 | −787 | |
| −6.9 | −7.5 | −5.3 | −2.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 20.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.