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 ₹ 14,472 Cr.
- Current Price ₹ 302
- High / Low ₹ 399 / 84.5
- Stock P/E 38.8
- Book Value ₹ 56.3
- Dividend Yield 0.08 %
- ROCE 13.7 %
- ROE 11.7 %
- Face Value ₹ 1.00
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 5.37 times its book value
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 4,037 | |
941 | 1,181 | 1,268 | 1,261 | 1,009 | 1,095 | 1,521 | 1,838 | 1,520 | 1,552 | 2,637 | 3,783 | 3,447 | |
Operating Profit | 182 | 118 | 94 | 116 | 142 | 227 | 450 | 538 | 284 | 128 | 154 | 388 | 590 |
OPM % | 16% | 9% | 7% | 8% | 12% | 17% | 23% | 23% | 16% | 8% | 6% | 9% | 15% |
20 | 30 | 21 | 15 | 11 | 8 | 8 | 14 | -123 | 14 | 7 | -2 | 41 | |
Interest | 76 | 79 | 117 | 102 | 110 | 80 | 70 | 71 | 55 | 33 | 35 | 66 | 63 |
Depreciation | 44 | 52 | 55 | 55 | 64 | 31 | 31 | 33 | 37 | 44 | 47 | 49 | 47 |
Profit before tax | 82 | 17 | -56 | -26 | -21 | 123 | 356 | 449 | 70 | 64 | 79 | 272 | 520 |
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 | 373 | |
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 | 8.51 |
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: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 48% |
5 Years: | -1% |
3 Years: | 17% |
TTM: | 111% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 21% |
3 Years: | 94% |
1 Year: | 254% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 39 | 39 | 39 | 39 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 43 | 44 |
Reserves | 859 | 863 | 796 | 789 | 879 | 1,036 | 1,414 | 1,639 | 1,610 | 1,666 | 1,762 | 2,069 | 2,438 |
1,083 | 1,242 | 1,326 | 1,089 | 858 | 754 | 660 | 476 | 505 | 724 | 582 | 838 | 1,031 | |
214 | 234 | 296 | 296 | 255 | 264 | 296 | 633 | 300 | 266 | 998 | 657 | 636 | |
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 | 4,149 |
785 | 849 | 1,139 | 1,148 | 1,101 | 1,103 | 1,099 | 1,097 | 1,389 | 1,380 | 1,480 | 1,452 | 1,479 | |
CWIP | 272 | 316 | 56 | 10 | 27 | 9 | 18 | 126 | 158 | 160 | 77 | 94 | 66 |
Investments | 271 | 157 | 248 | 103 | 133 | 167 | 353 | 232 | 47 | 66 | 113 | 132 | 272 |
866 | 1,056 | 1,013 | 951 | 773 | 817 | 943 | 1,336 | 863 | 1,092 | 1,713 | 1,929 | 2,331 | |
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 | 4,149 |
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% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Credit Rating
22 Mar - The India Ratings and Research Private Limited (Ind-Ra) has assigned the Credit Rating to Company''s Commercial Paper programme.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Mar - Newspaper Publication of Postal Ballot Notice .
- Notice Of Postal Ballot Through Electronic Voting 20 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
20 Mar - Press Release titled "Himadri Speciality Chemical allots Convertible Warrants on Preferential Basis to Promoter amounting to Rs 316.00 crores and other Non-promoters amounting to Rs …
Annual reports
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Financial Year 2023
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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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Financial Year 2011
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Concalls
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Jan 2024TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Aug 2016TranscriptPPT
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May 2016Transcript PPT
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]