Himadri Speciality Chemical Limited HSCL NIFTY_SMALLNSEINFRA

Basic Materials · Specialty Chemicals · India

https://www.himadri.com

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 offers anode materials, LFP cathodes, and recycling materials. The company also provides SDS, TDS, ASTM, lithium mining and refining, and carbon black; tyre, MRG, plastics, ink, and coatings; refined naphthalene, coal tar pitch, specialty oils, clean energy, and anti-corrosion products. It serves lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence, and construction chemicals industries. 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.

Market & Price

Market Cap

₹30,597.93 Cr

Current Price

₹606.45

High / Low (52W)

₹636.79 / ₹421.43

Beta

0.38

Valuation

Stock P/E

40.32

Industry PE

23.81

Forward P/E

29.44

PEG Ratio

Book Value

₹93.29

Price to Book

6.50

P/S

6.57

EV/EBITDA

33.28

Dividend Yield

0.13%

Profitability & Returns

ROCE

20.98%

ROE

17.70%

ROA

9.69%

Profit Margin

16.12%

Op Margin

20.31%

EPS (Latest Qtr)

₹3.98

EPS (TTM)

₹15.04

Balance Sheet & Liquidity

Debt/Equity

0.16

Quick Ratio

1.26

Current Ratio

2.28

Debt

₹768.47 Cr

Total Assets

₹6,306.39 Cr

Current Assets

₹2,823.51 Cr

Working Capital

₹1,587.38 Cr

Ownership

Promoter Holding

60.42%

Chg in Prom Hold

FII / Inst Holding

6.33%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹30,559.03 Cr

Total Revenue (TTM)

₹4,660.70 Cr

EBITDA

₹918.33 Cr

Free Cash Flow

₹308.24 Cr

Operating Cash Flow

₹382.00 Cr

Shares Outstanding

₹50.45 Cr

Gross Margin

37.78%

Payout Ratio

3.99%

Growth (CAGR)

Revenue 5Y

3.74%

Profit 5Y

51.52%

Revenue (YoY)

13.50%

Earnings (YoY)

27.80%

PROS

Healthy ROCE of 21.0%.
Profit CAGR of 51.5% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HSCL Himadri Speciality Chemical Limited NIFTY_SMALLNSEINFRA	606.45	40.32	₹30,597.93 Cr	0.13%	20.98%	17.70%	3.74%	51.52%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	1,140.66 Cr	1,134.64 Cr	1,118.29 Cr	1,183.62 Cr	1,287.76 Cr
Cost of Revenue	-	762.94 Cr	744.56 Cr	709.45 Cr	741.09 Cr	787.39 Cr
Gross Profit	-	377.72 Cr	390.08 Cr	408.84 Cr	442.53 Cr	500.37 Cr
Operating Expenses	-	52.65 Cr	49.40 Cr	188.23 Cr	70.64 Cr	66.85 Cr
Operating Income	-	325.07 Cr	340.68 Cr	220.61 Cr	371.89 Cr	433.52 Cr
EBITDA	-	232.82 Cr	246.83 Cr	271.69 Cr	289.20 Cr	303.83 Cr
Interest Expense	-	11.76 Cr	8.76 Cr	15.83 Cr	16.37 Cr	17.39 Cr
Pretax Income	-	205.84 Cr	224.35 Cr	241.22 Cr	255.25 Cr	267.89 Cr
Tax Provision	-	64.69 Cr	68.89 Cr	61.86 Cr	63.21 Cr	60.36 Cr
Net Income	-	142.06 Cr	155.58 Cr	181.69 Cr	192.20 Cr	200.79 Cr
Diluted EPS	-	2.85	3.12	3.65	3.84	3.98

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	4,171.83 Cr	4,184.61 Cr	4,599.22 Cr	4,657.66 Cr
Cost of Revenue	-	3,260.61 Cr	3,039.36 Cr	3,155.76 Cr	2,914.44 Cr
Gross Profit	-	911.21 Cr	1,145.25 Cr	1,443.45 Cr	1,743.22 Cr
Operating Expenses	-	543.07 Cr	559.73 Cr	651.67 Cr	805.68 Cr
Operating Income	-	368.15 Cr	585.52 Cr	791.78 Cr	937.54 Cr
EBITDA	-	380.08 Cr	681.51 Cr	901.98 Cr	1,131.67 Cr
Interest Expense	-	48.98 Cr	57.80 Cr	40.83 Cr	62.61 Cr
Pretax Income	-	280.25 Cr	573.86 Cr	806.18 Cr	1,000.91 Cr
Tax Provision	-	64.39 Cr	163.17 Cr	251.08 Cr	245.83 Cr
Net Income	-	215.98 Cr	410.77 Cr	555.63 Cr	751.34 Cr
Diluted EPS	0.98	5.13	9.16	11.17	-

Compounded Sales Growth

5 Years:	3.74%
1 Year:	13.50%

Compounded Profit Growth

5 Years:	51.52%
1 Year:	27.80%

Stock Price Performance

1 Year:	+27.55%
6 Months:	+43.90%
3 Months:	+23.84%
1 Month:	+0.94%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3,678.13 Cr	4,448.79 Cr	4,656.01 Cr	6,306.39 Cr
Current Assets	-	1,885.09 Cr	2,306.97 Cr	2,151.25 Cr	2,823.51 Cr
Cash & Equivalents	-	199.68 Cr	214.88 Cr	50.11 Cr	164.76 Cr
Inventory	-	544.22 Cr	702.52 Cr	585.20 Cr	762.96 Cr
Receivables	-	504.89 Cr	655.65 Cr	632.82 Cr	696.42 Cr
Total Liabilities	-	1,400.44 Cr	1,406.01 Cr	885.08 Cr	1,544.30 Cr
Current Liabilities	-	1,247.60 Cr	1,202.98 Cr	604.85 Cr	1,236.13 Cr
Long Term Debt	-	48.31 Cr	21.54 Cr	2.73 Cr	4.45 Cr
Total Debt	-	842.12 Cr	604.96 Cr	313.44 Cr	769.98 Cr
Total Equity	-	2,280.51 Cr	3,045.58 Cr	3,721.74 Cr	4,706.68 Cr
Shares Outstanding	-	43.27 Cr	49.26 Cr	49.38 Cr	50.45 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	53.96 Cr	404.76 Cr	446.86 Cr	382.01 Cr
Investing Cash Flow	-	-396.66 Cr	-404.86 Cr	-235.20 Cr	-963.81 Cr
Financing Cash Flow	-	377.11 Cr	7.19 Cr	-271.49 Cr	590.26 Cr
Capital Expenditure	-	-83.15 Cr	-52.75 Cr	-170.85 Cr	-449.74 Cr
Free Cash Flow	-	-29.19 Cr	352.01 Cr	276.01 Cr	-67.73 Cr
Net Change in Cash	-	34.41 Cr	7.08 Cr	-59.84 Cr	8.45 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	21.8%	27.4%	31.4%	37.4%
Operating Margin %	-	8.8%	14.0%	17.2%	20.1%
Net Margin %	-	5.2%	9.8%	12.1%	16.1%
ROE %	-	9.5%	13.5%	14.9%	16.0%
ROCE %	-	15.1%	18.0%	19.5%	18.5%

Shareholding Pattern

Insiders

60.42%

Institutions

6.33%

Public Float

15.98%

Analyst View

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HSCL · Basic Materials