Neogen Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 542665 | NSE: NEOGEN | Chemicals | Small Cap

Neogen Chemicals Share Price

1,466.95 14.60 1.01%
as on 18-May'24 10:00

DeciZen - make an informed investing decision on Neogen Chemicals

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Neogen Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
86.96
Market Cap:
3,831.5 Cr.
52-wk low:
1,148.8
52-wk high:
1,851.1

Is Neogen Chemicals Ltd an attractive stock to invest in?

1. Is Neogen Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Neogen Chemicals Ltd is a average quality company.

2. Is Neogen Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Neogen Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Neogen Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Neogen Chemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Neogen Chemicals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Neogen Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.8%17.4%16.8%15.6%14.4%18.2%15.3%11.8%10.9%9.3%-
Value Creation
Index
0.20.20.20.10.00.30.1-0.2-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73.883.9100110161239306336487686696
Sales YoY Gr.-13.7%19.5%9.7%46.4%48.4%28.1%9.9%44.8%40.8%-
Adj EPS 1.82.42.63.85.210.512.313.417.92016.7
YoY Gr.-31.9%7.9%47.1%35.4%103.7%17%8.6%33.8%12.1%-
BVPS (₹) 9.811.813.82125.335.167.278.5176.2193.5290.1
Adj Net
Profit
3.64.85.27.610.321.128.731.244.65044
Cash Flow from Ops. 2.98.78.60.311.8-3.8-34.183.31.2-30.4-
Debt/CF from Ops. 8.72.83.1264.67-31.8-42.6187.3-11.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.1%33.6%30.9%40.8%
Adj EPS 30.5%31.2%17.7%12.1%
BVPS39.3%50.2%42.3%9.9%
Share Price - 42.7% 18% -4.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.922.320.321.922.334.925.318.414.310.86.9
Op. Profit
Mgn %
15.615.114.118.21818.31919.117.816.316.6
Net Profit
Mgn %
4.95.75.26.96.48.89.49.39.27.36.3
Debt to
Equity
1.3111.61.61.70.91.20.50.80.2
Working Cap
Days
200201189227224193211223235253189
Cash Conv.
Cycle
81756769908612210811213167

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.87%

Net Profit is growing at healthy rate in last 3 years 17.67%

Debt to equity has declined versus last 3 years average to 0.75

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth is not so good in last 4 quarters at 2.99%

Latest Financials - Neogen Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 16.7 13.5
TTM Sales (₹ Cr.) 696 691
BVPS (₹.) 290.1 288.2
Reserves (₹ Cr.) 739 734
P/BV 5.01 5.04
PE 86.96 107.48
From the Market
52 Week Low / High (₹) 1148.80 / 1851.05
All Time Low / High (₹) 240.55 / 1933.70
Market Cap (₹ Cr.) 3,832
Equity (₹ Cr.) 26.4
Face Value (₹) 10
Industry PE 50.6

Management X-Ray of Neogen Chemicals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Neogen Chemicals

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7484100110161239306336487686
Operating Expenses 62718690132196248272401575
Manufacturing Costs91112132130344273104
Material Costs4550616495141184198275389
Employee Cost 355591117203247
Other Costs 569871413132235
Operating Profit 111314202943586487112
Operating Profit Margin (%) 15.5%15.1%14.1%18.2%18.0%18.2%19.0%19.1%17.8%16.3%
Other Income 0100110115
Interest 5558101212141929
Depreciation 111123571216
Exceptional Items 0000000000
Profit Before Tax 68812182941445771
Tax 33347812131221
Profit After Tax 4558112129314550
PAT Margin (%) 4.9%6.1%5.2%7.0%6.6%8.8%9.4%9.3%9.2%7.3%
Adjusted EPS (₹)1.82.52.63.95.410.512.313.517.920.1
Dividend Payout Ratio (%)25%18%17%0%19%14%16%17%15%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 202328425170157183439483
Share Capital 552020202023232525
Reserves 15198223150133160414458
Minority Interest0000000000
Debt2423256780116132202198333
Long Term Debt55537385130116122129
Short Term Debt1918203041651028676204
Trade Payables141622313743366699157
Others Liabilities 56612141830416481
Total Liabilities 6369801521812473554928001,054

Fixed Assets

Gross Block151420606988120144313390
Accumulated Depreciation11232510172842
Net Fixed Assets141317566783111127285347
CWIP 00111031151136
Investments 000000008177
Inventories212432405072130114195293
Trade Receivables1718163241617579110177
Cash Equivalents 222322114521
Others Assets101112191928355673103
Total Assets 6369801521812473554928001,054

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 399012-4-34831-30
PBT 68812182941445771
Adjustment 6567121722132446
Changes in Working Capital -7-2-3-15-14-45-8537-70-136
Tax Paid -1-3-3-4-4-6-13-10-10-12
Cash Flow From Investing Activity -1-2-4-33-13-20-29-134-146-94
Capex -1-2-5-33-14-18-27-23-170-79
Net Investments 000-1000000
Others 00001-2-2-11124-16
Cash Flow From Financing Activity -2-6-4330246251188100
Net Proceeds from Shares 0000007002250
Net Proceeds from Borrowing -1-101913817000
Interest Paid -5-5-4-6-8-10-12-14-19-29
Dividend Paid -1-1-10-3-2-4-5-5-7
Others 5022110-2-869-12136
Net Cash Flow 0101-10-1044-25
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)19.9223.6120.322.2823.0934.7625.3318.514.3710.86
ROCE (%)26.3427.4226.1123.1322.9225.5421.9416.7714.3413.26
Asset Turnover Ratio1.351.391.461.040.991.21.150.950.750.74
PAT to CFO Conversion(x)0.751.81.801.09-0.19-1.172.680.02-0.6
Working Capital Days
Receivable Days66695772827371707076
Inventory Days95919410810087106111116130
Payable Days1131131141511301037894109120

Neogen Chemicals Ltd Stock News

Neogen Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Neogen Chemicals on 18-May-2024 10:00 is ₹1,467.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 10:00 the market cap of Neogen Chemicals stood at ₹3,831.5.
The latest P/E ratio of Neogen Chemicals as of 18-May-2024 10:00 is 86.96.
The latest P/B ratio of Neogen Chemicals as of 18-May-2024 10:00 is 5.01.
The 52-week high of Neogen Chemicals is ₹1,851.1 and the 52-week low is ₹1,148.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Neogen Chemicals is ₹696.4 ( Cr.) .

About Neogen Chemicals Ltd

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