Chemicals & Petrochemicals
Valuation | |
|---|---|
| Market Cap | 23.76 kCr |
| Price/Earnings (Trailing) | 35.43 |
| Price/Sales (Trailing) | 5.22 |
| EV/EBITDA | 24.06 |
| Price/Free Cashflow | 83.66 |
| MarketCap/EBT | 26.17 |
| Enterprise Value | 24.55 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -4.7% |
| Price Change 1M | 1.6% |
| Price Change 6M | -5.7% |
| Price Change 1Y | -18.7% |
| 3Y Cumulative Return | 70.2% |
| 5Y Cumulative Return | 56.2% |
| 7Y Cumulative Return | 20.2% |
| 10Y Cumulative Return | 42.8% |
| Revenue (TTM) |
| 4.55 kCr |
| Rev. Growth (Yr) | -3.8% |
| Earnings (TTM) | 652.11 Cr |
| Earnings Growth (Yr) | 29.8% |
Profitability | |
|---|---|
| Operating Margin | 20% |
| EBT Margin | 20% |
| Return on Equity | 15.92% |
| Return on Assets | 11.82% |
| Free Cashflow Yield | 1.2% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -235.21 Cr |
| Cash Flow from Operations (TTM) | 446.87 Cr |
| Cash Flow from Financing (TTM) | -271.42 Cr |
| Cash & Equivalents | 69.1 Cr |
| Free Cash Flow (TTM) | 276.27 Cr |
| Free Cash Flow/Share (TTM) | 5.59 |
Balance Sheet | |
|---|---|
| Total Assets | 5.52 kCr |
| Total Liabilities | 1.42 kCr |
| Shareholder Equity | 4.1 kCr |
| Current Assets | 2.55 kCr |
| Current Liabilities | 1.08 kCr |
| Net PPE | 1.53 kCr |
| Inventory | 741.11 Cr |
| Goodwill | 24.43 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.16 |
| Debt/Equity | 0.21 |
| Interest Coverage | 16.76 |
| Interest/Cashflow Ops | 10.38 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.6 |
| Dividend Yield | 0.13% |
| Shares Dilution (1Y) | 2.2% |
| Shares Dilution (3Y) | 20.3% |
Balance Sheet: Strong Balance Sheet.
Insider Trading: There's significant insider buying recently.
Past Returns: Outperforming stock! In past three years, the stock has provided 70.2% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 14% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock has a weak negative price momentum.
Dilution: Company has a tendency to dilute it's stock investors.
Balance Sheet: Strong Balance Sheet.
Insider Trading: There's significant insider buying recently.
Past Returns: Outperforming stock! In past three years, the stock has provided 70.2% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 14% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock has a weak negative price momentum.
Dilution: Company has a tendency to dilute it's stock investors.
Investor Care | |
|---|---|
| Dividend Yield | 0.13% |
| Dividend/Share (TTM) | 0.6 |
| Shares Dilution (1Y) | 2.2% |
| Earnings/Share (TTM) | 13.29 |
Financial Health | |
|---|---|
| Current Ratio | 2.36 |
| Debt/Equity | 0.21 |
Technical Indicators | |
|---|---|
| RSI (14d) | 43.06 |
| RSI (5d) | 5.75 |
| RSI (21d) | 53.54 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Himadri Speciality Chemical's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings conference call for Q2 FY26 held on October 24, 2025, management provided an optimistic outlook for Himadri Speciality Chemical Ltd. The key highlights include record quarterly results with an EBITDA of Rs. 243 crores, representing a 21% year-on-year increase, and a PAT of Rs. 187 crores, a notable 39% growth from the previous year. For the half-year results, the company reported EBITDA of Rs. 477 crores and PAT of Rs. 369 crores, both being the highest ever levels recorded.
Management emphasized strategic focus on high-value specialty and advanced materials, significantly improving margins. They noted that while raw material prices softened, the impact was minimal, and with substantial export orders expected for Q3, the company is poised for continued growth.
Looking ahead, they expressed confidence in achieving their previously set target of doubling PAT from FY24 figures of Rs. 411 crores by FY27. Given their current trajectory, they anticipate potentially exceeding this milestone ahead of schedule. Key growth drivers identified include expansions in specialty carbon black, the ramp-up of Birla Tyres, and advancements in the lithium-ion battery materials segment, where they aim to establish a significant domestic manufacturing footprint.
Major forward-looking points include:
Overall, management's outlook is characterized by significant optimism regarding growth, strategic initiatives, and ongoing operational excellence driving long-term value.
Understand Himadri Speciality Chemical ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| MODERN HI-RISE PRIVATE LIMITED | 36.75% |
| ANURAG CHOUDHARY | 8.59% |
| AMIT CHOUDHARY | 3.52% |
| PENGUIN TRADING & AGENCIES LTD | 1.85% |
| SHYAM SUNDAR CHOUDHARY | 1.64% |
| LIFE INSURANCE CORPORATION OF INDIA | 1.1% |
| SHIKHA CHOUDHARY | 0.73% |
Detailed comparison of Himadri Speciality Chemical against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ATUL | Atul | 17.88 kCr | 6.04 kCr | +3.40% | -12.20% | 32.98 | 2.96 | - | - |
| VINATIORGA | Vinati Organics | 16.4 kCr | 2.3 kCr |
Comprehensive comparison against sector averages
HSCL metrics compared to Chemicals
| Category | HSCL | Chemicals |
|---|---|---|
| PE | 35.43 | 46.24 |
| PS | 5.22 | 4.23 |
| Growth | -1.4 % | 4.9 % |
Himadri Speciality Chemical Limited manufactures and sells carbon materials and chemicals in India and internationally. The company operates through Carbon Materials and Chemicals, and Power segments. It also offers anode materials, LFP cathode materials, lithium mining and refining, and recycling materials. In addition, the company offers SDS, TDS, ASTM, and carbon black; tyre, plastics, ink, and coatings; refined naphthalene, coal tar pitch, specialty oils, clean energy, and anti-corrosion products. It serves lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals. Himadri Speciality Chemical Limited was formerly known as Himadri Chemicals & Industries Limited and changed its name to Himadri Speciality Chemical Limited in July 2016. The company was incorporated in 1987 and is based in Kolkata, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
HSCL vs Chemicals (2021 - 2026)
1. Question: "The volume growth has been between 135,000 to 140,000 MT for almost seven-eight quarters. Is it due to capacity or demand issues?"
Answer: "The volumes have stagnated mainly due to peak capacity utilizations. With the new capacity expected to be added next quarter for specialty carbon black and a de-bottlenecking in coal tar pitch, we anticipate volume growth starting from Q4 onwards."
2. Question: "How much capacity are we adding or de-bottling for coal tar pitch?"
Answer: "Our current capacity is at 500,000 MT, and we are expanding it to 600,000 MT. This utilization will begin impacting results from Q4, with the new capacity primarily catering to global markets."
3. Question: "Are we seeing any demand recovery in Europe and East Asia?"
Answer: "Demand remains strong for us, and our carbon black volumes are fully sold. There hasn't been any significant impact on demand previously, and I don't foresee changes now."
4. Question: "What is the current working capital cycle, and how do you see it evolving in the next few quarters?"
Answer: "Currently, our working capital stands at 31% of the top line and we expect this to stay at similar levels over the next two to three quarters."
5. Question: "What is our EBITDA guidance moving forward considering the current margins?"
Answer: "We aim to double our PAT from Rs. 411 crores in FY24 to over Rs. 800 crores by FY27. However, with our current trajectory, we might deliver this earlier than anticipated, even within two years."
These summarized questions and answers encapsulate the key points discussed in the earnings conference call, reflecting the company's operational insights, forecasts, and strategic direction.
| SHEELA DEVI CHOUDHARY | 0.59% |
| HIMADRI CREDIT AND FINANCE LTD | 0.29% |
| ANOOSHKA C BATHWAL | 0.22% |
| RINKU CHOUDHARY | 0.17% |
| CLIENT MARGING TRADING /CLIEN COLLAATERAL ACCOUNT | 0.16% |
| AMRITESH CHOUDHARY | 0% |
| SAMRIDH CHOUDHARY | 0% |
| SHUBHANGM CHOUDHARY | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +0.40% |
| -9.10% |
| 37.62 |
| 7.13 |
| - |
| - |
| AARTIIND | Aarti Industries | 13.11 kCr | 7.57 kCr | +2.20% | -12.50% | 67.35 | 1.73 | - | - |
| CLEAN | Clean Science and Technology | 9.06 kCr | 1.03 kCr | -3.50% | -40.90% | 34.16 | 8.8 | - | - |
| RAIN | Rain Industries | 4.77 kCr | 16.44 kCr | +38.30% | -14.40% | -36 | 0.29 | - | - |
| 870 |
| 904 |
| 924 |
| 947 |
| 953 |
| 1,034 |
| Profit Before exceptional items and Tax | -1.7% | 237 | 241 | 224 | 206 | 197 | 179 |
| Total profit before tax | -1.7% | 237 | 241 | 224 | 206 | 197 | 179 |
| Current tax | -10% | 55 | 61 | 41 | 37 | 34 | 31 |
| Deferred tax | 4290% | 5.19 | 0.9 | 28 | 28 | 27 | 24 |
| Total tax | -3.3% | 60 | 62 | 69 | 65 | 62 | 56 |
| Total profit (loss) for period | -1.7% | 176 | 179 | 155 | 141 | 136 | 123 |
| Other comp. income net of taxes | 146.6% | 2.8 | 1.73 | -1.78 | 13 | 6.86 | 1.07 |
| Total Comprehensive Income | -1.1% | 179 | 181 | 154 | 155 | 143 | 124 |
| Earnings Per Share, Basic | -3.7% | 3.58 | 3.68 | 3.15 | 2.88 | 2.74 | 2.49 |
| Earnings Per Share, Diluted | -3.8% | 3.55 | 3.65 | 3.12 | 2.85 | 2.72 | 2.48 |
| Debt equity ratio | 0% | 021 | 022 | - | - | - | - |
| Debt service coverage ratio | -0.2% | 0.1222 | 0.1237 | - | - | - | - |
| Interest service coverage ratio | 1.2% | 0.1818 | 0.1716 | - | - | - | - |
| -30.2% |
| 45 |
| 64 |
| 66 |
| 35 |
| 33 |
| 55 |
| Depreciation and Amortization | 4.3% | 50 | 48 | 49 | 47 | 44 | 37 |
| Other expenses | 17.6% | 468 | 398 | 425 | 307 | 236 | 224 |
| Total Expenses | 5.1% | 3,839 | 3,654 | 3,898 | 2,719 | 1,629 | 1,611 |
| Profit Before exceptional items and Tax | 41.1% | 808 | 573 | 302 | 79 | 64 | 198 |
| Exceptional items before tax | - | 0 | 0 | -30 | 0 | 0 | -127.99 |
| Total profit before tax | 41.1% | 808 | 573 | 272 | 79 | 64 | 70 |
| Current tax | 42.4% | 142 | 100 | 47 | 14 | 12 | 35 |
| Deferred tax | 75.4% | 108 | 62 | 17 | 0.52 | 5.46 | -45.92 |
| Total tax | 54.7% | 250 | 162 | 64 | 14 | 17 | -11.22 |
| Total profit (loss) for period | 35.9% | 558 | 411 | 208 | 65 | 47 | 81 |
| Other comp. income net of taxes | -69.6% | 15 | 47 | 15 | 36 | 16 | -104.42 |
| Total Comprehensive Income | 25.2% | 573 | 458 | 223 | 101 | 62 | -23.44 |
| Earnings Per Share, Basic | 26.2% | 11.31 | 9.17 | 4.94 | 1.55 | 1.11 | 1.93 |
| Earnings Per Share, Diluted | 25.2% | 11.22 | 9.16 | 4.94 | 1.55 | 1.11 | 1.93 |
| 92.6% |
| 338 |
| 176 |
| 101 |
| 67 |
| 66 |
| 94 |
| Non-current investments | 40.2% | 880 | 628 | 585 | 477 | 272 | 132 |
| Loans, non-current | 1180% | 129 | 11 | 6.2 | 1.05 | 2.01 | 1 |
| Total non-current financial assets | 60.8% | 1,141 | 710 | 661 | 512 | 544 | 165 |
| Total non-current assets | 25.1% | 3,003 | 2,401 | 2,259 | 2,084 | 2,116 | 1,730 |
| Total assets | 17.8% | 5,327 | 4,522 | 4,378 | 4,358 | 4,149 | 3,607 |
| Borrowings, non-current | 61.7% | 2.94 | 2.2 | 15 | 22 | 28 | 48 |
| Total non-current financial liabilities | 12.6% | 4.22 | 3.86 | 17 | 23 | 29 | 50 |
| Provisions, non-current | 10% | 12 | 11 | 8.9 | 9 | 5.84 | 5.89 |
| Total non-current liabilities | 2.5% | 285 | 278 | 248 | 201 | 168 | 150 |
| Borrowings, current | 161% | 797 | 306 | 326 | 579 | 1,001 | 788 |
| Total current financial liabilities | 74.7% | 1,011 | 579 | 757 | 1,150 | 1,431 | 1,159 |
| Provisions, current | 207.3% | 1.59 | 0.45 | 1.88 | 1.1 | 2.05 | 0.13 |
| Current tax liabilities | 180.4% | 25 | 9.56 | 18 | 8.07 | 9.33 | 0.04 |
| Total current liabilities | 75.5% | 1,045 | 596 | 796 | 1,176 | 1,499 | 1,242 |
| Total liabilities | 52.1% | 1,330 | 875 | 1,044 | 1,377 | 1,667 | 1,391 |
| Equity share capital | 0% | 49 | 49 | 49 | 49 | 44 | 43 |
| Total equity | 9.5% | 3,996 | 3,648 | 3,334 | 2,981 | 2,482 | 2,216 |
| Total equity and liabilities | 17.8% | 5,327 | 4,522 | 4,378 | 4,358 | 4,149 | 3,607 |
| 54.9% |
| 142 |
| 92 |
| 47 |
| 17 |
| - |
| - |
| Net Cashflows From Operating Activities | 13.8% | 455 | 400 | 53 | 330 | - | - |
| Cashflows used in obtaining control of subsidiaries | 2574.2% | 25 | 0.03 | 0 | 0 | - | - |
| Proceeds from sales of PPE | -2.2% | 0.09 | 0.11 | 6.85 | 0.07 | - | - |
| Purchase of property, plant and equipment | 209.6% | 162 | 53 | 83 | 23 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 599 | 0 | - | - |
| Purchase of investment property | - | 0 | 0 | 597 | 0 | - | - |
| Interest received | 63.3% | 50 | 31 | 3.01 | 1.47 | - | - |
| Other inflows (outflows) of cash | 99% | -0.02 | -99.52 | -325.21 | -6.61 | - | - |
| Net Cashflows From Investing Activities | 40.3% | -241.54 | -405.12 | -396.61 | -28.23 | - | - |
| Proceeds from issuing shares | -67.1% | 3.2 | 7.68 | 0.84 | 0 | - | - |
| Proceeds from issuing other equity instruments | -71.6% | 89 | 311 | 197 | 0 | - | - |
| Proceeds from borrowings | -158.8% | 0 | 2.7 | 279 | -100.28 | - | - |
| Repayments of borrowings | 21.5% | 295 | 243 | 39 | 43 | - | - |
| Payments of lease liabilities | 123.8% | 1.1 | 0.58 | 1.89 | 2.24 | - | - |
| Dividends paid | 140% | 25 | 11 | 8.39 | 6.28 | - | - |
| Interest paid | -33.9% | 42 | 63 | 49 | 31 | - | - |
| Other inflows (outflows) of cash | -137.5% | -0.03 | 3.75 | -0.14 | 1.94 | - | - |
| Net Cashflows from Financing Activities | -3909.4% | -269.85 | 8.11 | 378 | -180.66 | - | - |
| Effect of exchange rate on cash eq. | - | -0.01 | 0 | 0.01 | 0 | - | - |
| Net change in cash and cash eq. | -2541.3% | -56.37 | 3.35 | 35 | 121 | - | - |
Analysis of Himadri Speciality Chemical's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Carbon materials and chemicals | 97.9% | 1.1 kCr |
| Power | 2.1% | 22.9 Cr |
| Total | 1.1 kCr |