Neogen Chemicals is one of India’s leading manufacturers of bromine-based and lithium-based specialty chemicals. The company manufactures specialty organic bromine-based chemical compounds (bromine compounds) and other specialty organic chemical compounds and specialty inorganic lithium-based chemical compounds.
And the company has highly automated business operations and access to state-of-the-art technology equipment and tools. In addition to manufacturing its standard products, the company also undertakes custom assembly and contract manufacturing.
Share Price Changes:
The price per share of the company rose from Rs.533.35 on 27 January 2020 to Rs.1237.00 on 24 January 2023. It has increased by around 125% during the two-year holding period. The stock has given mind-blowing returns in the last 2 years, whereas the S&P BSE SmallCap Index has returned over 120% in the last two years.
Technical parameters:
On a consolidated basis, the company’s net revenue rose 30.87% year-on-year (YoY) to Rs 148 crore in the latest quarter (Q2FY23). And its average YoY bottom line has fallen by 11.6% to Rs 9.8 crore.
The company is currently trading at a TTM PE of 27.12x against an industry PE of 64.80x. Also the company’s ROE is 14.33% and ROCE is 14.34%. And its market capitalization is Rs.3,070.40 crore.
Today’s Stock Price Status:
Currently, the company’s current share price is Rs.1,236.85. The stock price of this company may go up in the near future so you can buy this multipacker stock which has fallen in price and you can see more profit in future.
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