Himadri Speciality Chemical Ltd
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]
- Market Cap ₹ 22,497 Cr.
- Current Price ₹ 456
- High / Low ₹ 689 / 307
- Stock P/E 40.3
- Book Value ₹ 73.9
- Dividend Yield 0.11 %
- ROCE 22.6 %
- ROE 16.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 30.9% CAGR over last 5 years
Cons
* 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 SmallCap BSE Allcap BSE Commodities BSE SmallCap Select Index BSE 250 SmallCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,362 | 1,377 | 1,150 | 1,322 | 1,971 | 2,377 | 1,804 | 1,679 | 2,791 | 4,172 | 4,185 | 4,596 | |
1,268 | 1,261 | 1,009 | 1,095 | 1,521 | 1,838 | 1,520 | 1,552 | 2,637 | 3,783 | 3,543 | 3,745 | |
Operating Profit | 94 | 116 | 142 | 227 | 450 | 538 | 284 | 128 | 154 | 388 | 642 | 851 |
OPM % | 7% | 8% | 12% | 17% | 23% | 23% | 16% | 8% | 6% | 9% | 15% | 19% |
21 | 15 | 11 | 8 | 8 | 14 | -123 | 14 | 7 | -2 | 43 | 51 | |
Interest | 117 | 102 | 110 | 80 | 70 | 71 | 55 | 33 | 35 | 66 | 64 | 45 |
Depreciation | 55 | 55 | 64 | 31 | 31 | 33 | 37 | 44 | 47 | 49 | 48 | 50 |
Profit before tax | -56 | -26 | -21 | 123 | 356 | 449 | 70 | 64 | 79 | 272 | 573 | 808 |
Tax % | -30% | -45% | -22% | 34% | 32% | 31% | -16% | 27% | 18% | 24% | 28% | 31% |
-39 | -14 | -16 | 81 | 243 | 311 | 81 | 47 | 65 | 208 | 411 | 558 | |
EPS in Rs | -1.01 | -0.37 | -0.39 | 1.94 | 5.80 | 7.44 | 1.93 | 1.11 | 1.55 | 4.80 | 8.34 | 11.30 |
Dividend Payout % | -10% | 0% | -13% | 5% | 2% | 2% | 8% | 13% | 13% | 5% | 6% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 21% |
3 Years: | 18% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 39% |
5 Years: | 31% |
3 Years: | 105% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 56% |
3 Years: | 84% |
1 Year: | 23% |
Return on Equity | |
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10 Years: | 12% |
5 Years: | 12% |
3 Years: | 15% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 39 | 39 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 43 | 49 | 49 |
Reserves | 796 | 789 | 879 | 1,036 | 1,414 | 1,639 | 1,610 | 1,666 | 1,762 | 2,172 | 2,932 | 3,598 |
1,326 | 1,089 | 858 | 754 | 660 | 476 | 505 | 724 | 582 | 838 | 602 | 310 | |
296 | 296 | 255 | 264 | 296 | 633 | 300 | 266 | 998 | 553 | 775 | 565 | |
Total Liabilities | 2,456 | 2,212 | 2,034 | 2,096 | 2,413 | 2,790 | 2,457 | 2,698 | 3,383 | 3,607 | 4,358 | 4,522 |
1,139 | 1,148 | 1,101 | 1,103 | 1,099 | 1,097 | 1,389 | 1,380 | 1,480 | 1,452 | 1,475 | 1,465 | |
CWIP | 56 | 10 | 27 | 9 | 18 | 126 | 158 | 160 | 77 | 94 | 67 | 176 |
Investments | 248 | 103 | 133 | 167 | 353 | 232 | 47 | 66 | 113 | 132 | 477 | 628 |
1,013 | 951 | 773 | 817 | 943 | 1,336 | 863 | 1,092 | 1,713 | 1,929 | 2,339 | 2,253 | |
Total Assets | 2,456 | 2,212 | 2,034 | 2,096 | 2,413 | 2,790 | 2,457 | 2,698 | 3,383 | 3,607 | 4,358 | 4,522 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
144 | 212 | 278 | 205 | 247 | 472 | 282 | -39 | 330 | 53 | 400 | 455 | |
-93 | 130 | -2 | 11 | -61 | -222 | -215 | -113 | -28 | -397 | -405 | -242 | |
-111 | -346 | -270 | -223 | -180 | -257 | -40 | 166 | -181 | 378 | 8 | -270 | |
Net Cash Flow | -60 | -5 | 6 | -7 | 6 | -8 | 28 | 13 | 121 | 35 | 3 | -56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 84 | 63 | 60 | 50 | 56 | 61 | 100 | 66 | 44 | 57 | 50 |
Inventory Days | 131 | 122 | 138 | 161 | 114 | 124 | 97 | 98 | 125 | 61 | 85 | 68 |
Days Payable | 30 | 31 | 39 | 61 | 33 | 95 | 62 | 44 | 126 | 38 | 66 | 27 |
Cash Conversion Cycle | 196 | 175 | 163 | 159 | 132 | 86 | 96 | 155 | 66 | 67 | 77 | 91 |
Working Capital Days | 152 | 148 | 118 | 123 | 100 | 81 | 74 | 154 | 63 | 70 | 83 | 92 |
ROCE % | 2% | 3% | 5% | 11% | 22% | 24% | 12% | 4% | 5% | 13% | 19% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Listing Regulations') read with Schedule III of the SEBI Listing Regulations and other applicable provisions of the SEBI Listing Regulations, we would like to inform …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copies of the Newspaper advertisement regarding extracts of the Audited Financial Results of the Company for the quarter and financial year ended 31 March 2025.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
22 Apr - Himadri acquires 100% of Elixir Carbo for INR 7.5 crore, making it a wholly owned subsidiary.
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Compliance Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 For The Half Year Ended 31 March 2025
21 Apr - Disclosure of related party transactions for half year ended March 31, 2025, per SEBI regulations.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
21 Apr - ICRA Monitoring Agency Report for Q4 FY2025 on preferential issue proceeds utilization by Himadri.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Apr 2025TranscriptNotesPPT
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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 various industries, such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals. [1]