Neogen Chemicals Q4 Results Review - Focus On Electrolyte Capex, Execution: ICICI Direct

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Neogen Chemicals Ltd.'s revenues were above our estimates while Ebitda came in below estimates due to lower gross processing margin. Reported revenue growth of 30.1% YoY to Rs 203.9 crore, led by higher growth from both organic chemicals Rs 138 crore (up 39% YoY) and inorganic chemicals Rs 66 crore (up 14% YoY).Neogen Chemicals' gross margins fell 240 basis points YoY to 40.1% while Ebitda margin declined 100 bps YoY to 16%. Absolute Ebitda was up 22% YoY to Rs 32.6 crore. Profit after tax declined 8% YoY to Rs 14.3 crore.Key triggers for future price performance: Phase I and Phase II capex at Dahej bodes well for advance intermediates and custom synthesis revenue growth.Greenfield expansion of electrolyte and specialty lithium salts for dedicated battery materials to aid revenue growth.The management commitment towards achieving 25-30% growth in revenue and Ebitda levels on the back of volume growth in the legacy business including revenues from recently acquired BuLi chemicals..Click on the attachment to read the full report:.Vardhman Textiles Q4 Review — Easing Of Raw Material Prices To Enable Gradual Margin Recovery: ICICI Direct .DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Neogen Chemicals Q4 Results Review - Focus On Electrolyte Capex, Execution: ICICI Direct

Greenfield expansion of electrolyte and specialty lithium salts for dedicated battery materials to aid revenue growth.

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