Himadri Speciality Chemical Ltd

Himadri Special Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Himadri Speciality Chemical Ltd

₹ 457 1.91%
21 Feb - close price
himadri.com BSE: 500184 NSE: HSCL
About

Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals.[1] It is the No.1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of Naphthalene and SNF in India.[2]

Key Points

Product Portfolio
The company is a key player across various product segments, including battery materials, coal tar pitch, carbon black, naphthalene, refined naphthalene, SNF, and specialty oils. It serves a diverse range of industries, such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals. [1]

Website BSE NSE
  • Market Cap ₹ 22,559 Cr.
  • Current Price ₹ 457
  • High / Low ₹ 689 / 272
  • Stock P/E 43.8
  • Book Value ₹ 67.5
  • Dividend Yield 0.11 %
  • ROCE 19.2 %
  • ROE 15.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Promoter holding has increased by 0.78% over last quarter.

Cons

  • Stock is trading at 6.77 times its book value
  • Company has a low return on equity of 11.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

Part of BSE 250 SmallCap Index Nifty Alpha 50 BSE SmallCap BSE Allcap Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
772 834 1,047 1,059 1,037 1,029 951 1,005 1,053 1,177 1,200 1,135 1,132
737 785 975 969 935 904 816 847 880 1,000 1,008 929 913
Operating Profit 36 48 71 90 102 125 135 157 172 177 192 206 218
OPM % 5% 6% 7% 8% 10% 12% 14% 16% 16% 15% 16% 18% 19%
4 2 2 -22 8 11 10 10 10 12 13 13 12
Interest 9 11 13 20 20 13 13 16 21 14 13 11 12
Depreciation 11 13 12 13 12 12 12 12 12 12 12 12 12
Profit before tax 19 27 48 36 77 111 120 139 149 164 179 196 206
Tax % 15% 21% 19% 18% 18% 31% 27% 28% 28% 30% 31% 31% 31%
16 21 39 29 63 77 88 101 108 115 123 134 142
EPS in Rs 0.39 0.51 0.93 0.69 1.50 1.77 2.00 2.29 2.45 2.33 2.50 2.72 2.88
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,299 1,362 1,377 1,150 1,322 1,971 2,377 1,804 1,679 2,791 4,172 4,185 4,644
1,181 1,268 1,261 1,009 1,095 1,521 1,838 1,520 1,552 2,637 3,783 3,543 3,850
Operating Profit 118 94 116 142 227 450 538 284 128 154 388 642 794
OPM % 9% 7% 8% 12% 17% 23% 23% 16% 8% 6% 9% 15% 17%
30 21 15 11 8 8 14 -123 14 7 -2 43 50
Interest 79 117 102 110 80 70 71 55 33 35 66 64 49
Depreciation 52 55 55 64 31 31 33 37 44 47 49 48 49
Profit before tax 17 -56 -26 -21 123 356 449 70 64 79 272 573 745
Tax % -38% -30% -45% -22% 34% 32% 31% -16% 27% 18% 24% 28%
24 -39 -14 -16 81 243 311 81 47 65 208 411 514
EPS in Rs 0.61 -1.01 -0.37 -0.39 1.94 5.80 7.44 1.93 1.11 1.55 4.80 8.34 10.43
Dividend Payout % 16% -10% 0% -13% 5% 2% 2% 8% 13% 13% 5% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 36%
TTM: 15%
Compounded Profit Growth
10 Years: 27%
5 Years: 6%
3 Years: 106%
TTM: 38%
Stock Price CAGR
10 Years: 38%
5 Years: 55%
3 Years: 103%
1 Year: 25%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 11%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 39 39 39 42 42 42 42 42 42 42 43 49 49
Reserves 863 796 789 879 1,036 1,414 1,639 1,610 1,666 1,762 2,172 2,932 3,285
1,242 1,326 1,089 858 754 660 476 505 724 582 838 602 343
234 296 296 255 264 296 633 300 266 998 553 775 700
Total Liabilities 2,378 2,456 2,212 2,034 2,096 2,413 2,790 2,457 2,698 3,383 3,607 4,358 4,378
849 1,139 1,148 1,101 1,103 1,099 1,097 1,389 1,380 1,480 1,452 1,475 1,455
CWIP 316 56 10 27 9 18 126 158 160 77 94 67 101
Investments 157 248 103 133 167 353 232 47 66 113 132 477 585
1,056 1,013 951 773 817 943 1,336 863 1,092 1,713 1,929 2,339 2,237
Total Assets 2,378 2,456 2,212 2,034 2,096 2,413 2,790 2,457 2,698 3,383 3,607 4,358 4,378

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11 144 212 278 205 247 472 282 -39 330 53 400
11 -93 130 -2 11 -61 -222 -215 -113 -28 -397 -405
51 -111 -346 -270 -223 -180 -257 -40 166 -181 378 8
Net Cash Flow 51 -60 -5 6 -7 6 -8 28 13 121 35 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 95 84 63 60 50 56 61 100 66 44 57
Inventory Days 141 131 122 138 161 114 124 97 98 125 61 85
Days Payable 13 30 31 39 61 33 95 62 44 126 38 66
Cash Conversion Cycle 196 196 175 163 159 132 86 96 155 66 67 77
Working Capital Days 204 152 148 118 123 100 81 74 154 63 70 83
ROCE % 4% 2% 3% 5% 11% 22% 24% 12% 4% 5% 13% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
45.43% 45.39% 45.39% 45.38% 45.61% 44.96% 44.86% 44.79% 50.29% 50.20% 50.78% 51.56%
1.66% 1.61% 1.97% 2.38% 2.36% 2.96% 5.12% 5.39% 5.13% 5.16% 5.24% 5.15%
0.00% 0.00% 0.01% 0.50% 0.48% 0.53% 0.50% 0.63% 2.12% 2.27% 3.60% 4.24%
52.91% 53.00% 52.64% 51.74% 51.54% 51.54% 49.53% 49.18% 42.47% 42.36% 40.38% 39.05%
No. of Shareholders 3,42,9713,49,5853,08,1662,94,2342,80,9853,06,3464,40,4154,38,4144,36,7004,35,6284,47,6664,54,943

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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