Kotak || Neogen Chemicals. ➔#NeogenChemicals, a fast-growing specialty chemical company, is gearing up for a multifold scale-up in coming years by virtue of being the first mover and arguably the most #credible entrant in India’s promising #EV battery chemicals space. ➔We estimate 34%/40% revenue/EPS CAGRs for Neogen over FY2023- 29E, led by commencement of battery chemical #revenues and supported by continued healthy growth in the base business of bromine/lithium derivatives. ➔#DCF-based March 2025 FV stands at Rs1,840. Initiate with BUY. #Neogen #NeogenChemicals #SpecialtyChemicals #Nifty50 #Nifty #NSEindia #bseindia #NSE #Manufacturing
Key financials of Neogen, March fiscal year-ends, 2018-29E. #Neogen #EVbattery #Profitability
Neogen has expanded its product basket sharply over the years through its own R&D. Size of #Neogen’s product portfolio (number of products), March fiscal year-ends. #Neogen #Chemicals #EVChemicalBattery