Bengaluru, July 27 -- Specialty chemical companies rarely get to combine a recovery story and a new-technology story in the same quarter. This one has managed both, posting a strong topline while its newer battery materials arm inches closer to commercial supply deals with international customers, right as the industry pivots toward non-Chinese sourcing.

With a market capitalization of around Rs. 5,650 crore, the shares of Neogen Chemicals Limited were trading near Rs. 2,060 apiece, with the stock at a 52-week range of Rs. 967 to Rs. 2,374 and a P/E of approximately 169x.

A Strong Start to FY27

Consolidated revenue for the quarter rose 34% year-on-year to Rs. 250 crore, while EBITDA jumped 53% YoY to Rs. 48 crore, taking the EBITDA mar...