Himadri Speciality Chemical Ltd

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

Himadri Speciality Chemical Ltd

₹ 238 0.25%
21 Sep - 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 Co. is a prominent player in multiple specialty carbon product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, SNF, and Specialty Oils, among others. [1] [2]

Website BSE NSE
  • Market Cap ₹ 10,433 Cr.
  • Current Price ₹ 238
  • High / Low ₹ 289 / 80.2
  • Stock P/E 37.1
  • Book Value ₹ 48.8
  • Dividend Yield 0.11 %
  • ROCE 13.7 %
  • ROE 11.7 %
  • Face Value ₹ 1.00
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Pros

  • Debtor days have improved from 70.2 to 44.2 days.
  • Company's working capital requirements have reduced from 95.5 days to 70.0 days

Cons

  • Stock is trading at 4.87 times its book value
  • Promoter holding has decreased over last quarter: -0.66%
  • Company has a low return on equity of 6.33% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
258 389 467 566 540 645 772 834 1,047 1,059 1,037 1,029 951
252 349 426 526 503 614 737 785 975 969 935 904 816
Operating Profit 6 40 41 40 37 31 36 48 71 90 102 125 135
OPM % 2% 10% 9% 7% 7% 5% 5% 6% 7% 8% 10% 12% 14%
3 5 4 3 1 3 4 2 2 -22 8 11 10
Interest 10 9 7 7 8 7 9 11 13 20 20 13 13
Depreciation 11 11 11 11 11 11 11 13 12 13 12 12 12
Profit before tax -13 26 27 24 19 15 19 27 48 36 77 111 120
Tax % 27% 37% 37% 6% 16% 20% 15% 21% 19% 18% 18% 31% 27%
-9 16 17 23 16 12 16 21 39 29 63 77 88
EPS in Rs -0.23 0.39 0.41 0.54 0.38 0.28 0.39 0.51 0.93 0.69 1.50 1.77 2.00
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,123 1,299 1,362 1,377 1,150 1,322 1,971 2,377 1,804 1,679 2,791 4,172 4,076
941 1,181 1,268 1,261 1,009 1,095 1,521 1,838 1,520 1,552 2,637 3,783 3,624
Operating Profit 182 118 94 116 142 227 450 538 284 128 154 388 452
OPM % 16% 9% 7% 8% 12% 17% 23% 23% 16% 8% 6% 9% 11%
20 30 21 15 11 8 8 14 -123 14 7 -2 7
Interest 76 79 117 102 110 80 70 71 55 33 35 66 66
Depreciation 44 52 55 55 64 31 31 33 37 44 47 49 48
Profit before tax 82 17 -56 -26 -21 123 356 449 70 64 79 272 344
Tax % 22% -38% 30% 45% 22% 34% 32% 31% -16% 27% 18% 24%
63 24 -39 -14 -16 81 243 311 81 47 65 208 257
EPS in Rs 1.64 0.61 -1.01 -0.37 -0.39 1.94 5.80 7.44 1.93 1.11 1.55 4.80 5.96
Dividend Payout % 6% 16% -10% 0% -13% 5% 2% 2% 8% 13% 13% 5%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 32%
TTM: 24%
Compounded Profit Growth
10 Years: 48%
5 Years: -1%
3 Years: 17%
TTM: 219%
Stock Price CAGR
10 Years: 33%
5 Years: 15%
3 Years: 68%
1 Year: 121%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 6%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 39 39 39 42 42 42 42 42 42 42 43
Reserves 859 863 796 789 879 1,036 1,414 1,639 1,610 1,666 1,762 2,069
1,083 1,242 1,326 1,089 858 754 660 476 505 724 582 838
214 234 296 296 255 264 296 633 300 266 998 657
Total Liabilities 2,195 2,378 2,456 2,212 2,034 2,096 2,413 2,790 2,457 2,698 3,383 3,607
785 849 1,139 1,148 1,101 1,103 1,099 1,097 1,389 1,380 1,480 1,452
CWIP 272 316 56 10 27 9 18 126 158 160 77 94
Investments 271 157 248 103 133 167 353 232 47 66 113 132
866 1,056 1,013 951 773 817 943 1,336 863 1,092 1,713 1,929
Total Assets 2,195 2,378 2,456 2,212 2,034 2,096 2,413 2,790 2,457 2,698 3,383 3,607

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
96 -11 144 212 278 205 247 472 282 -39 330 53
-193 11 -93 130 -2 11 -61 -222 -215 -113 -28 -397
99 51 -111 -346 -270 -223 -180 -257 -40 166 -181 378
Net Cash Flow 1 51 -60 -5 6 -7 6 -8 28 13 121 35

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 77 68 95 84 63 60 50 56 61 100 66 44
Inventory Days 143 141 131 122 138 161 114 124 97 98 125 61
Days Payable 12 13 30 31 39 61 33 95 62 44 126 38
Cash Conversion Cycle 209 196 196 175 163 159 132 86 96 155 66 67
Working Capital Days 180 204 152 148 118 123 100 81 74 154 63 70
ROCE % 8% 4% 2% 3% 5% 11% 22% 24% 12% 4% 5% 14%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
48.90% 45.44% 45.43% 45.43% 45.43% 45.43% 45.43% 45.39% 45.39% 45.38% 45.61% 44.96%
0.68% 0.72% 0.64% 0.71% 0.84% 1.21% 1.66% 1.61% 1.97% 2.38% 2.36% 2.96%
2.52% 0.24% 0.01% 0.02% 0.01% 0.36% 0.00% 0.00% 0.01% 0.50% 0.48% 0.53%
47.89% 53.60% 53.92% 53.84% 53.73% 53.01% 52.91% 53.00% 52.64% 51.74% 51.54% 51.54%
No. of Shareholders 1,24,9811,51,4882,41,0432,67,1353,10,3543,38,6053,42,9713,49,5853,08,1662,94,2342,80,9853,06,346

* 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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