Neptune Petrochemicals Limited, incorporated in October 2021, is a rapidly growing company engaged in the manufacturing and trading of various bitumen products and emulsions. Formerly known as Neptune Tradelink, the company has positioned itself as one of India's largest private sector bitumen companies. The company operates in both domestic and international markets, catering to industries such as construction, manufacturing, and power generation.
Neptune has established itself as a key player in India's bitumen sector, consistently maintaining a strong market position in bitumen imports. The company emerged as the top importer of PKD (packed) bitumen in India for the calendar year 2024.
The company's product portfolio encompasses various grades of bitumen, including polymer-modified bitumen and crumb-rubber-modified bitumen. The company serves diverse industries, particularly construction and industrial applications. Neptune has forayed itself as a prominent name as importers, manufacturers & traders of Bitumen, Bitumen Emulsions, Modified Bitumen (Like PMB & CRMB), Fuel Oil & Base Oil segments.
The company operates three manufacturing units strategically located across India - Unit I in Ahmedabad, Gujarat, Unit II in Panipat, Haryana, and Unit III in Kamrup, Assam. The company also trades bitumen and fuel oils, sourcing from reputable suppliers to ensure quality and meet customer needs. Neptune serves clients primarily in the road construction and industrial sectors across India, Nepal, and Bhutan.
Neptune Petrochemicals follows standardized quality, environmental, and safety protocols, holding ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and OHSAS 45001:2018 (Occupational Health & Safety) certifications. The company meets global standards and follows essential procedures to produce high-quality, innovative product operations.
Neptune Petrochemicals IPO bidding started from May 28, 2025, and ended on May 30, 2025. The allotment was finalized on Monday, June 2, 2025, and the shares got listed on NSE SME on June 4, 2025. The IPO was priced at ₹122 per share, and the scrip was listed at ₹132.75, a premium of 8.81% compared with the initial public offer price.
The company has a market capitalisation of ₹322-324 crore as of July 2025. The 52-week high share price is ₹152.75 and the 52-week low share price is ₹126.30.
Neptune Petrochemicals has demonstrated an impressive financial growth trajectory in recent years. For FY25, Neptune Petrochemicals reports audited results with ₹25.10 crore profit and compliant IPO proceeds utilization. The company achieved a revenue of ₹948 crore and profit of ₹25.10 crore in FY25.
For historical performance:
- FY22: Total Revenue of ₹82.16 crore / Net Profit of ₹0.68 crore
- FY23: Total Revenue of ₹709.31 crore / Net Profit of ₹10.39 crore
- FY24: Total Revenue of ₹675.97 crore / Net Profit of ₹20.82 crore
- 9M FY25 (ended Dec 31, 2024): Net Profit of ₹19.47 crore on Total Revenue of ₹620.16 crore
The company has posted PAT margins of 0.84% (FY22), 1.47% (FY23), 3.12% (FY24), and 3.17% (9M-FY25). ROCE margins were 265.48% (FY22), 170.40% (FY23), 117.86% (FY24), and 55.97% (9M-FY25) respectively for the referred periods.
- FY25 Performance: Net Sales of ₹948 crore, Net Profit of ₹25.10 crore
- 9M FY25 Performance: Net Sales of ₹620.16 crore, Net Profit of ₹19.47 crore
- FY24 Performance: Net Sales of ₹675.97 crore, Net Profit of ₹20.82 crore
- Market Capitalisation: ₹322-324 crore (as of July 2025)
- Stock P/E Ratio: 12.9
- Debt Status: Debt-free
- 3 Years ROE: 95.0%
- PE Ratio: 14.81 (as of July 18, 2025)
- PB Ratio: 5.65 (as of July 18, 2025)
Promoter holding in Neptune Petrochemicals has decreased to 69.33 per cent as of June 2025 from 94.30 per cent as of March 2025. The promoters of the company are Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah, and Mr. Sanjaykumar Subodhchandra Shah.
Neptune Petrochemicals operates multiple manufacturing units across India and caters to both domestic and international markets, positioning itself to benefit from increasing infrastructure development and urbanisation trends. The company's focus on diverse bitumen products, adherence to international quality and safety standards, and plans to expand capacity through IPO funding provide significant scope for scaling operations and enhancing market share.
Neptune Petrochemicals represents a compelling investment opportunity in India's growing infrastructure and construction sectors, backed by strong operational capabilities and strategic market positioning in the bitumen manufacturing space.
