Neogen Chemicals Limited — Investor Meet, 07-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Neogen Chemicals (NEOGEN) posted Q1 FY26 revenue of INR 186.7 Cr (+4% YoY), despite its Dahej plant being offline. PAT was INR 10.3 Cr. Recovery from the fire is rapid, with INR 80.55 Cr insurance received. Leadership transition completed smoothly. Progress on the Pakhajan electrolyte facility is on track, with INR 506 Cr deployed on INR 1,500 Cr CAPEX. Strong interest for battery salts is noted from international clients due to 'China plus One' strategies. Energy storage demand in India is a major growth driver. While near-term battery chemical ramp-up depends on cell production, the long-term outlook for FY27-28 is very positive, targeting 20% ROCE. Management is confident.