Neogen Chemicals - Custom Synthesis Offers Strong Visibility Ahead: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Commencing operations in 1991, Neogen Chemicals Ltd. manufactures specialty organic bromine-based chemical compounds as well as specialty inorganic lithium-based chemicals compounds.
The company’s products find application in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, polymers additives and water treatment chemicals to name a few.
Neogen has two segments viz. 1. organic chemicals, 2. inorganic chemicals of which organic chemical constitute ~80% of overall revenue while the rest comes from inorganic chemicals.
The company incurred a capex of Rs 75 crore for Phase one at Dahej while the same for Phase two remains at Rs 55 crore.
The phase one capacity would largely cater to the custom synthesis business while the same for phase two is expected to be for advanced intermediates.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.