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Sun Pharma, Divis Laboratories Ltd, Aurobindo, Piramal, Thermax, and Voltas are among the company’s clientele.

Shares of Neogen Chemicals Ltd surged 3.24 per cent and closed at Rs 1534.2. The stock opened at Rs 1510 and made an intraday high and low of Rs 1580.8 and Rs 1492.3, respectively.  

Neogen Chemicals Ltd is involved in the business of manufacturing bromine and lithium-based organic and organo-metallic compounds, used in the pharmaceutical, agricultural chemicals, and engineering industries.  

Sun Pharma, Divis Laboratories Ltd, Aurobindo, Piramal, Thermax, and Voltas are among the company’s clientele. Company exports to 29 countries. While America, Europe, Japan, and the Middle East are the key export markets.  

The company reported 5-year CAGRs for revenue and net profit of 34 per cent and 41 per cent, respectively. The company's ROE and ROCE as of FY22 are 14.2 per cent and 14.4 per cent, respectively. 

The company reported revenue of Rs 147.9 crore for Q1FY23, an improvement of 75 per cent year over year. Revenue growth was fueled by capacity expansion. The EBITDA for Q1FY23 increased year over year by 58 per cent and came in at Rs 24.7 crore. The net profit for the same quarter increased by 51 per cent to Rs 11.1 crore. 

According to Q1FY23, 56 per cent of the company’s revenue comes from the domestic market, while the rest 44 per cent is from export markets. For Q1FY23, about Rs 90 crore came from organic chemicals, while Rs 58 crore came from inorganic chemicals.  

The company has a market capitalisation of Rs 3877 crore and is trading at a PE multiple of 76.47x. The stock has a 52-week high and low of Rs 1933.7 and Rs 1131.85, respectively.