Neogen Chemicals Limited — Important, 07-08-2025: General Updates

Neogen Chemicals showed resilience in Q1FY26 despite its Dahej plant unavailability due to fire. The company received INR 80.55 Cr in initial insurance claims, with INR 268.27 Cr balance receivable, and a replacement plant is on track for next year. Leadership transitions with Mr. Haridas Kanani becoming Chairman Emeritus. Revenue grew 4% to INR 186.7 Cr, driven by 16% organic growth and early battery chemical sales. EBITDA held steady at INR 31.5 Cr. Significant CAPEX for battery chemicals progresses, with INR 506 Cr deployed from a INR 1,500 Cr plan, alongside a new JV for lithium salts. The company is raising INR 200 Cr via NCDs to bolster financial flexibility. Long-term battery materials outlook remains strong, buoyed by the expanding energy storage market and 'China-plus-one' tailwinds.