Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Neogen Chemicals Ltd

About the Company - Neogen Chemicals Ltd

Neogen Chemicals Ltd. is a Public Limited Listed company incorporated on 07/03/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24200MH1989PLC050919 and registration number is 050919. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 487.25 Cr. and Equity Capital is Rs. 24.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersNo. 1002, 10th Floor, Thane Maharashtra 400601investor@neogenchem.com
http://www.neogenchem.com
Management
NamePosition Held
Mr. Haridas KananiChairman & Managing Director
Dr. Harin KananiManaging Director
Mr. Shyamsunder UpadhyayWhole Time Director
Mr. Anurag SuranaNon Exe.Non Ind.Director
Mr. Sanjay MehtaIndependent Director
Mr. Hitesh ReshamwalaIndependent Director
Prof. Ranjan Kumar MalikIndependent Director
Mrs. Avi SabavalaIndependent Director

Basic Stock Data of Neogen Chemicals Ltd

Last Updated: June 25, 2024, 10:29 pm

Market Cap 4,436 Cr.
Current Price 1,679
High / Low1,859/1,149
Stock P/E101
Book Value 290
Dividend Yield0.18 %
ROCE10.4 %
ROE7.06 %
Face Value 10.0
PEG Ratio18.04

Competitors of Neogen Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pidilite Industries Ltd 1,59,632 Cr. 3,1393,232/2,29389.6 1650.35 %29.7 %22.8 % 1.00
Lasa Supergenerics Ltd 119 Cr. 23.741.2/19.0 19.30.00 %6.50 %13.2 % 10.0
Panama Petrochem Ltd 2,488 Cr. 411429/28312.8 1821.94 %24.9 %19.0 % 2.00
Aether Industries Ltd 11,723 Cr. 8841,136/762119 1560.00 %7.85 %5.96 % 10.0
Savita Oil Technologies Ltd 3,689 Cr. 534615/28218.0 2350.74 %19.8 %13.3 % 2.00
Industry Average13,496.72 Cr1,086.6380.59194.570.42%14.77%10.72%6.48

Neogen Chemicals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales85.1892.7084.64113.18132.64156.80147.90148.12186.25203.92170.12168.24167.37
Expenses68.3374.1869.0292.64108.83130.18123.25123.87156.11171.33140.67142.00141.60
Operating Profit16.8518.5215.6220.5423.8126.6224.6524.2530.1432.5929.4526.2425.77
OPM %19.78%19.98%18.45%18.15%17.95%16.98%16.67%16.37%16.18%15.98%17.31%15.60%15.40%
Other Income0.140.100.090.240.040.960.960.501.401.771.841.871.48
Interest3.263.503.624.086.365.026.096.866.669.3410.6110.7510.03
Depreciation1.771.861.842.333.723.793.893.884.144.294.924.935.00
Profit before tax11.9613.2610.2514.3713.7718.7715.6314.0120.7420.7315.7612.4312.22
Tax %28.60%29.49%28.00%22.13%23.89%16.52%28.85%29.41%29.07%30.87%27.54%26.47%52.54%
Net Profit8.549.357.3811.1910.4815.6711.129.8914.7114.3311.429.145.80
EPS in Rs3.664.013.164.804.496.284.463.975.905.754.583.662.20

Last Updated: April 10, 2024, 4:20 am

Neogen Chemicals Ltd Quarterly Chart

Neogen Chemicals Ltd Profit & Loss

Last Updated: May 29, 2024, 7:43 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales57667484100110161239306336487686710
Expenses495762718690132196248272401575596
Operating Profit89111314202943586487112114
OPM %13%14%16%15%14%18%18%18%19%19%18%16%16%
Other Income1001001101157
Interest34555810121214192941
Depreciation1111112357121619
Profit before tax556881218294144577161
Tax %32%23%41%37%39%33%39%28%30%29%22%30%
Net Profit34455811212931455041
EPS in Rs13.649.138.0911.312.593.885.3410.4812.3313.4717.9320.0716.19
Dividend Payout %15%22%25%18%77%26%19%14%16%17%15%15%

Neogen Chemicals Ltd Profit & Loss Yearly Chart

Neogen Chemicals Ltd Growth

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:37%
3 Years:26%
1 Year:4%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:10%
Last Year:7%

Last Updated: June 25, 2024, 4:59 pm

Neogen Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2444202020202323252525
Reserves111215198223150133160414458472
Preference Capital00000013120000
Borrowings16212524266969108137222229370468
Other Liabilities16161821274161686187131202220
Total Liabilities45556369801521812473554928001,0541,185
Fixed Assets713141317566783111127285347343
CWIP000011103115113697
Investments0000000000817757
Other Assets384249556294112163242250423594687
Total Assets45556369801521812473554928001,0541,185

Neogen Chemicals Ltd Reserves and Borrowings Chart

Neogen Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 00399012-4-34831-30
Cash from Investing Activity 00-1-2-4-33-13-20-29-134-146-94
Cash from Financing Activity 00-2-6-433-0246251188100
Net Cash Flow000101-10-1-044-25

Neogen Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6867827858107949390858294
Inventory Days191187173178190228192188257211258275
Days Payable14012411712013017714111171122131147
Cash Conversion Cycle118130138136117158145169276174209223
Working Capital Days133132140140126167142163217164190205
ROCE %29%26%26%27%26%23%23%26%22%17%14%13%

Neogen Chemicals Ltd Financial Efficiency Indicators Chart

Neogen Chemicals Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters64.33%64.33%64.33%60.19%60.19%60.19%60.19%60.18%60.18%60.18%56.89%56.89%
FIIs4.74%4.79%0.00%4.36%4.28%3.74%3.99%4.13%4.30%4.25%4.51%4.56%
DIIs14.05%14.55%18.82%18.64%19.33%19.12%18.89%20.01%19.87%20.25%22.85%22.14%
Public16.88%16.33%16.85%16.81%16.20%16.96%16.93%15.68%15.63%15.32%15.75%16.42%
No. of Shareholders25,34627,55434,23039,62638,64240,92649,48851,68647,58145,30047,01848,356

Neogen Chemicals Ltd Shareholding Pattern Chart

No. of Neogen Chemicals Ltd Shareholders

Neogen Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund1,217,8091.03183.91427,5772024-06-24184.82%
SBI Large & Midcap Fund935,0510.81139.66427,5772024-06-24118.69%
SBI Contra Fund808,1410.64120.83427,5772024-06-2489%
Quant Small Cap Fund427,5770.5864.57427,5772024-06-240%
Sundaram Small Cap Fund265,5291.3940.1427,5772024-06-24-37.9%
Axis Flexi Cap Fund212,8010.2932.14427,5772024-06-24-50.23%
SBI Equity Savings Fund212,7110.9831.78427,5772024-06-24-50.25%
Tata ELSS Tax Saver Fund199,5360.8130.13427,5772024-06-24-53.33%
Axis Special Situations Fund160,8971.9724.3427,5772024-06-24-62.37%
Union Small Cap Fund158,2921.9123.91427,5772024-06-24-62.98%

Neogen Chemicals Ltd ROCE Trend

Neogen Chemicals Ltd EPS Trend

Neogen Chemicals Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.9620.0318.7013.4512.28
Diluted EPS (Rs.)13.9620.0318.7013.4512.28
Cash EPS (Rs.)22.1126.4922.5816.3814.53
Book Value[Excl.RevalReserv]/Share (Rs.)288.21193.47176.1278.4366.96
Book Value[Incl.RevalReserv]/Share (Rs.)288.21193.47176.1278.4366.96
Revenue From Operations / Share (Rs.)261.82275.13195.37144.17131.19
PBDIT / Share (Rs.)44.5546.5435.2227.8124.97
PBIT / Share (Rs.)35.8840.0430.5324.8522.72
PBT / Share (Rs.)19.9328.4422.8818.9517.61
Net Profit / Share (Rs.)13.4520.0017.8913.4312.28
NP After MI And SOA / Share (Rs.)13.5120.0417.8913.4312.28
PBDIT Margin (%)17.0116.9118.0219.2819.03
PBIT Margin (%)13.7014.5515.6217.2317.32
PBT Margin (%)7.6110.3311.7113.1413.42
Net Profit Margin (%)5.137.269.159.319.36
NP After MI And SOA Margin (%)5.167.289.159.319.36
Return on Networth / Equity (%)4.6810.3510.1617.1118.34
Return on Capital Employeed (%)10.1215.5013.1018.2325.86
Return On Assets (%)2.434.745.586.368.07
Long Term Debt / Equity (X)0.160.260.270.630.19
Total Debt / Equity (X)0.510.750.451.100.84
Asset Turnover Ratio (%)0.540.740.750.791.02
Current Ratio (X)1.491.602.261.381.54
Quick Ratio (X)0.760.881.370.720.67
Inventory Turnover Ratio (X)1.411.992.231.482.25
Dividend Payout Ratio (NP) (%)0.0013.7211.7614.8912.21
Dividend Payout Ratio (CP) (%)0.0010.369.3212.2010.32
Earning Retention Ratio (%)0.0086.2888.2485.1187.79
Cash Earning Retention Ratio (%)0.0089.6490.6887.8089.68
Interest Coverage Ratio (X)2.794.014.604.714.89
Interest Coverage Ratio (Post Tax) (X)1.842.723.343.283.40
Enterprise Value (Cr.)3527.653541.314504.162217.48950.09
EV / Net Operating Revenue (X)5.115.169.246.593.10
EV / EBITDA (X)30.0230.5151.2834.1816.31
MarketCap / Net Operating Revenue (X)4.564.668.935.992.68
Retention Ratios (%)0.0086.2788.2385.1087.78
Price / BV (X)4.146.639.9111.025.24
Price / Net Operating Revenue (X)4.564.668.936.002.68
EarningsYield0.010.010.010.010.03

Neogen Chemicals Ltd Profitability Ratios (%)

Neogen Chemicals Ltd Liquidity Ratios

Neogen Chemicals Ltd Liquidity Ratios (%)

Neogen Chemicals Ltd Interest Coverage Ratios (%)

Neogen Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 2,071.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 23.38% compared to the current price 1679

Intrinsic Value: 2,187.57

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 30.29% compared to the current price ₹1679

Last 5 Year EPS CAGR: 5.60%

*Investments are subject to market risks

Strength and Weakness of Neogen Chemicals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.67%, which is a positive sign.
  2. The company has higher reserves (138.85 cr) compared to borrowings (1.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (262.77 cr) and profit (28.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 159.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 166.08, which may not be favorable.

FAQ

What is the latest fair value of Neogen Chemicals Ltd?

The latest fair value of Neogen Chemicals Ltd is ₹2071.60.

What is the Market Cap of Neogen Chemicals Ltd?

The Market Cap of Neogen Chemicals Ltd is 4,436 Cr..

What is the current Stock Price of Neogen Chemicals Ltd as on 25 June 2024?

The current stock price of Neogen Chemicals Ltd as on 25 June 2024 is ₹1,679.

What is the High / Low of Neogen Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Neogen Chemicals Ltd stocks is 1,859/1,149.

What is the Stock P/E of Neogen Chemicals Ltd?

The Stock P/E of Neogen Chemicals Ltd is 101.

What is the Book Value of Neogen Chemicals Ltd?

The Book Value of Neogen Chemicals Ltd is 290.

What is the Dividend Yield of Neogen Chemicals Ltd?

The Dividend Yield of Neogen Chemicals Ltd is 0.18 %.

What is the ROCE of Neogen Chemicals Ltd?

The ROCE of Neogen Chemicals Ltd is 10.4 %.

What is the ROE of Neogen Chemicals Ltd?

The ROE of Neogen Chemicals Ltd is 7.06 %.

What is the Face Value of Neogen Chemicals Ltd?

The Face Value of Neogen Chemicals Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Neogen Chemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE