Neogen Chemicals NEOGEN
Bromine and lithium chemicals maker whose Neogen Ionics unit makes lithium electrolyte salts and electrolytes under a technology licence from Japan's MU Ionic Solutions
Mapped in 1 theme: Battery Storage (PLI-ACC).
Where Neogen Chemicals sits in the supply chain
Neogen Chemicals appears in 1 supply-chain layer in one theme, Battery Storage (PLI-ACC).
Battery Storage (PLI-ACC) › Electrolyte, salts & binders
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 487 | 686 | 691 | 778 | 862 |
| Net profit | 45 | 50 | 36 | 35 | 29 |
Latest-year revenue ₹862 Cr (FY26, company-wide).
Note: Lithium electrolyte salts and electrolyte (Neogen Ionics).
Strengths
- Provisional approvals from four large international customers (Jul 2026)
- 1,000 t a year of new capacity slated for H2 FY27
- Dahej site rebuilt after the Mar 2025 fire
Risks
- Commercial supplies wait on final plant trials
- Battery chemicals need heavy capex relative to its size
- Insurance claim on the fire still partly outstanding
Common questions
What does Neogen Chemicals do?
Bromine and lithium chemicals maker whose Neogen Ionics unit makes lithium electrolyte salts and electrolytes under a technology licence from Japan's MU Ionic Solutions.
Where does Neogen Chemicals sit in the supply chain?
Neogen Chemicals (NSE: NEOGEN) is mapped in 1 supply-chain layer: Electrolyte, salts & binders (Battery Storage (PLI-ACC)).
Who are Neogen Chemicals' peers?
In the Electrolyte, salts & binders layer of Battery Storage (PLI-ACC): Gujarat Fluorochemicals and Acutaas Chemicals.
What is Neogen Chemicals' market cap and valuation?
As of 6 Nov 2026: market cap ₹7,653 Cr, P/E 189.0x, ROCE 6.5%, ROE 3.6%, dividend yield 0.04%.