🔍 At a Glance:
In just 3 years,Neptune Petrochemicalsturned a boring black goo business (bitumen) into a money machine with 119% ROCE and ₹668 crore in revenue. But wait — is itreal growthor justother income magic? And why are the EPS numbers more inflated than a political manifesto?
🧪 About the Company
- Incorporated:Oct 2021
- Business:Manufacturer and trader of bitumen products & emulsions
- Market:Domestic & International, serving infrastructure, power, and construction
- Listing:NSE SME
Essentially, they sell the black sticky stuff that keeps roads from looking like Mumbai monsoon victims.
👨‍💼 Key People (Known but Not Yet Famous)
- Chairman / MD / CFO:Unknown from Screener data — maybe also runs the HR and
- serves tea.
- Promoter Holding:Allegedly dropped by-25% last quarter, but no clear shareholding data is available.
- SME Listing Note:Volatile and less regulated — proceed with max caution and minimum fanboying.
📊 Financials Snapshot (FY22–FY24)
| â‚ą in Cr | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 81 | 708 | 668 |
| EBITDA | -0 | 13 | 20 |
| Net Profit | 1 | 10 | 21 |
| OPM % | -0% | 2% | 3% |
| ROCE % | — | 171% | 119% |
| EPS (â‚ą) | 680 | 10,390 | 20,820 đź‘€ |
Wait… ₹10,390 EPS on a ₹10 face value share? Something’s cooking — and it’s not petrochemical soup.
📦 Balance Sheet Breakdown
| â‚ą in Cr | FY22 | FY23 | FY24 |
|---|---|---|---|
| Reserves | 1 | 11 | 32 |
| Borrowings | 0 | 5 | 0 |
| Total Liabilities | 98 | 108 | 121 |
| Fixed Assets | 0 | 1 | 3 |
| Other Assets | 97 | 106 | 117 |
It’s azero-debt companywith razor-thin fixed assets and a cash-light model. But where are the
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