NSE: HSCL · BSE: 500184 · ISIN INE019C01026
Himadri Speciality Chemical Limited stock analysis
Himadri Speciality Chemical Limited ranks #723 in the TickerSutra evidence-ranked universe with a score of 61/100 and 95% data confidence. The latest captured fundamentals show ROCE of 22.1%, quarterly sales growth of 28.0% and quarterly profit growth of 26.3%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 22.1%
- Low debt/equity of 0.16×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,791cr | ₹156cr | ₹39cr | 6.0% |
| 2023 | ₹4,172cr | ₹399cr | ₹216cr | 10.0% |
| 2024 | ₹4,185cr | ₹645cr | ₹411cr | 15.0% |
| 2025 | ₹4,613cr | ₹854cr | ₹555cr | 19.0% |
| 2026 | ₹4,661cr | ₹962cr | ₹755cr | 21.0% |
| TTM | ₹4,974cr | ₹1,005cr | ₹804cr | 20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Newspaper Publication(s) -Postal Ballot Notice
RoutineCopy of Newspaper PublicationNSE · 26 Sept 2026Himadri Speciality Chemical Limited has informed the Exchange about Copy of Newspaper Publication
RoutineHimadri Speciality Chemical Ltd - 500184 - Closure of Trading WindowBSE · 25 Sept 2026This is to inform you that the Trading Window to deal with Securities of the Company will remain closed for all designated persons (including their immediate relatives) from 01 October ....
RoutineNotice Of Shareholders Meetings-XBRLNSE · 25 Sept 2026 · Structured filingHimadri Speciality Chemical Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
Himadri Speciality Chemical Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot
Open original XBRL sourceHimadri Speciality Chemical Limited has informed the Exchange regarding Notice of Postal Ballot
MANAGEMENT COMMENTARY
Signals from filed documents
The facility has been specifically designed with feedstock flexibility, enabling the use of in-house developed special engineered pitch. This backward integration giv es us scalability, cost efficiency and resilience within a self-reliant value chain. On the cathode side, we are building capabilities in lithium -ion phosphate (LFP) cathode chemistry, which is fast emerging as the preferred solution for mass market EV
On the cathode side, we are building capabilities in lithium -ion phosphate (LFP) cathode chemistry, which is fast emerging as the preferred solution for mass market EVs and energy storage. Our initial 2,000 MTPA capacity is expected to be commissioned in Q3FY27, representing the first milestone under Phase 1 of our 40,000 MTPA expansion plan, which forms part of our broader long-term vision to scale capacity to 200,
How much of that can be attributed to a change in our sales mix towards higher -value products? And how much is on the account of passing over the raw material costs? Anurag Choudhary: So see, the raw material has gone up because of which the finished product prices has gone up.
So can you like tell us like what's the product margin mix from the cu rrent capex which we are doing, if you can broadly explain or in terms of pricing difference, if you can explain that, if not possible, with the margin? Anurag Choudhary: Pricing difference as we move up the ladder, we go for the niche product, all the capex we have announced yesterday has significant high margins and significantly differently pri
And on Excel sheet by seeing at few prices, you cannot determine what is the margin. But we are confident we'll work on it, and I cannot disclose my sources. Moderator: The next question is from the line of Bhavika from Niveshaay.
MANAGEMENT PROMISE LEDGER
Quantified statements on the clock
“On the cathode side, we are building capabilities in lithium -ion phosphate (LFP) cathode chemistry, which is fast emerging as the preferred solution for mass market EVs and energy storage. Our initial 2,000 MTPA capacity is expected to be commissioned in Q3FY27, representing the first milestone under Phase 1 of our 40,000 MTPA expansion plan, which forms part of our broader long-term vision to scale capacity to 200,”
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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