What we do Neptune Petrochemicals Ltd manufactures and trades bitumen emulsions, modified bitumen, and oils for construction, roads, and industrial sectors. |
Founded in 2,021 |
Market share Growing presence with three manufacturing plants across India; expanding in road infrastructure materials. |
Problem solved Provides high-quality bitumen products essential for durable road construction and infrastructure development. |
Top clients or who we serve Clients include road construction, highways, infrastructure industries serving B2B markets. |
Key management Pareshkumar Subodhchandra Shah (Managing Director), Sanjaykumar Subodhchandra Shah (Whole-Time Director) |
Our journey and innovations Started as partnership in 2021, became public limited in 2024, commissioned Assam plant in FY 2023, launched IPO in 2025. |
Where we operate Manufacturing in Haryana, Assam, Gujarat; serving Indian infrastructure and construction markets. |
Top products or what we offer Bitumen emulsions, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and related products. |
Top brands Neptune Bitumen Emulsions - key product in infrastructure sector with expanding production capacity. |
Raw materials needed Bitumen, polymers, rubber, crude oils for modification and emulsification processes. |
Raw materials supplier Supplied by regional petrochemical and rubber product vendors. |
Recurring vs cyclical contribution Revenue mainly from recurring sales to construction and infrastructure projects, somewhat cyclical based on industry demand. |
Our industry position Emerging company with increasing market share in specialized modified bitumen products in India. |
Financial highlights FY 2024-25 revenue Rs.947.94 Cr, net profit Rs.25.1 Cr; revenue grew ~42%, net profit up 21% vs prior year. |
Geographical revenue split Revenue predominantly from Indian domestic markets with plants in Haryana, Assam, and Gujarat. |
Order book - |
Whats driving growth Infrastructure expansion, road construction demand, capacity addition and product diversification drive growth. |
Our future plans Focus on capacity expansion, new product introductions, and broadening market reach in India. |
Our green promise Committed to sustainability with policies for environment, safety, and social responsibility. |
Our people and values Board diversity with experienced executive and independent directors; strong governance culture. |
Key challenges ahead Fluctuating raw material prices, regulatory changes, market competition, and economic cycles. |
Interesting facts Commissioned Assam plant in 2023; successful IPO raised Rs 73.2 Cr in 2025. |
Risks and strategy Mitigates raw material volatility and market risks; invests in innovation and stringent internal controls. |
