Buy Neogen Chemicals, target price Rs 2127: HDFC Securities

HDFC Securities has buy call on Neogen Chemicals with a target price of Rs 2127. The current market price of Neogen Chemicals is Rs 1240.75.

Neogen Chemicals Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 3271.06 Crore) operating in Chemicals sector.

Neogen Chemicals Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 166.02 Crore, up 1.48 % from last quarter Total Income of Rs 163.60 Crore and down -11.53 % from last year same quarter Total Income of Rs 187.65 Crore. Company reported net profit after tax of Rs .97 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 56.89 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.51 per cent, DIIs 22.85 per cent.