Neogen Chemicals Ltd
Brief
- One of the largest manufacturers of bromine derivatives & lithium salts in India
- Has a diversified range of 205 products in pharmaceutical & agro chemical intermediates
- Business verticals : The company operates in 3 business segments
1. Manufacturing of organic chemicals (Producing bromine-based and other value-added advanced intermediaries)
2. Manufacturing of inorganic chemicals (Producing inorganic Lithium based chemicals)
3. Custom synthesis and manufacturing
Mega Trends
EV and China +1
Competitive Advantage
- Among handful of companies having expertise in the niche and specialised business area of bromine and lithium-based compounds. Products necessitate meeting stringent quality and impurity specifications
- 70% business comes from customers who have been there for more than 5 years / long term stable relations with customers
- Lithium salts is a key component of electrolyte – the heart of it. Neogen has 30 years’ experience in making Lithium salts. Backward integration in Lithium to produce salt for electrolyte is major advantage
- First Mover advantage over other companies in this space.
- Established player (in both international and domestic market) operating in a niche sector with very high entry barriers
