Himadri Speciality Chemical Ltd

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

Himadri Speciality Chemical Ltd

₹ 562 -0.62%
13 Dec - 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 ₹ 27,745 Cr.
  • Current Price ₹ 562
  • High / Low ₹ 689 / 265
  • Stock P/E 57.6
  • Book Value ₹ 69.1
  • Dividend Yield 0.09 %
  • ROCE 18.8 %
  • ROE 15.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 8.14 times its book value
  • Company has a low return on equity of 10.7% 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 Allcap BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE 500 Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
645 772 834 1,047 1,059 1,037 1,029 951 1,005 1,053 1,177 1,200 1,137
616 728 790 975 962 932 903 817 847 879 997 1,008 929
Operating Profit 30 44 44 72 97 105 126 134 158 174 180 192 208
OPM % 5% 6% 5% 7% 9% 10% 12% 14% 16% 17% 15% 16% 18%
3 4 -23 2 -22 8 11 10 10 10 12 13 14
Interest 8 9 11 13 20 20 13 13 16 21 14 13 11
Depreciation 12 12 13 13 13 13 12 12 12 13 13 13 13
Profit before tax 12 27 -3 48 42 79 111 119 139 150 166 179 197
Tax % 24% 11% 163% 20% 15% 18% 31% 28% 28% 28% 30% 31% 31%
9 24 -9 39 36 65 76 86 101 109 115 123 136
EPS in Rs 0.22 0.58 -0.17 0.92 0.86 1.55 1.76 1.96 2.29 2.47 2.34 2.48 2.74
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,353 1,395 1,437 1,182 1,341 2,022 2,422 1,806 1,679 2,791 4,172 4,185 4,567
1,247 1,307 1,313 1,036 1,107 1,569 1,863 1,525 1,549 2,635 3,773 3,540 3,813
Operating Profit 106 88 124 146 233 452 560 280 131 156 399 645 753
OPM % 8% 6% 9% 12% 17% 22% 23% 16% 8% 6% 10% 15% 16%
31 13 13 9 6 12 8 8 14 -17 -2 43 49
Interest 80 118 103 111 82 70 71 55 33 36 66 64 59
Depreciation 55 58 59 67 33 33 34 39 47 50 51 50 51
Profit before tax 2 -75 -24 -23 125 361 462 194 65 53 280 574 692
Tax % -312% -22% -49% -19% 34% 31% 30% -6% 27% 27% 23% 28%
9 -58 -13 -19 82 248 324 205 47 39 216 411 482
EPS in Rs 0.24 -1.48 -0.32 -0.44 1.98 5.91 7.75 4.91 1.13 0.98 4.99 8.34 10.03
Dividend Payout % 41% -7% 0% -11% 5% 2% 2% 3% 13% 20% 5% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 36%
TTM: 14%
Compounded Profit Growth
10 Years: 25%
5 Years: 5%
3 Years: 106%
TTM: 47%
Stock Price CAGR
10 Years: 36%
5 Years: 58%
3 Years: 132%
1 Year: 93%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 11%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 848 757 750 837 988 1,373 1,590 1,692 1,751 1,826 2,237 2,996 3,360
1,275 1,362 1,124 887 774 660 476 505 729 587 842 605 348
256 339 329 296 308 341 680 323 269 999 555 798 720
Total Liabilities 2,418 2,497 2,242 2,062 2,112 2,416 2,788 2,562 2,791 3,454 3,678 4,449 4,477
926 1,221 1,228 1,180 1,174 1,178 1,170 1,475 1,468 1,546 1,515 1,534 1,560
CWIP 319 59 14 31 13 22 133 158 160 77 94 67 105
Investments 112 168 23 53 87 273 179 47 66 113 132 478 543
1,061 1,048 977 798 838 943 1,305 882 1,098 1,718 1,938 2,371 2,269
Total Assets 2,418 2,497 2,242 2,062 2,112 2,416 2,788 2,562 2,791 3,454 3,678 4,449 4,477

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11 149 212 296 205 258 476 283 -40 331 54 405
-6 -99 128 -6 10 -50 -224 -214 -114 -28 -397 -405
69 -109 -348 -278 -233 -200 -257 -41 165 -182 377 7
Net Cash Flow 51 -58 -7 12 -18 8 -6 28 11 121 34 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 92 82 63 60 49 55 61 100 66 44 57
Inventory Days 138 134 122 138 164 112 124 121 100 125 61 85
Days Payable 16 36 36 50 74 39 100 68 45 127 39 69
Cash Conversion Cycle 188 191 168 151 150 122 79 113 155 65 66 73
Working Capital Days 190 145 138 105 117 95 76 73 153 63 70 83
ROCE % 3% 2% 3% 5% 11% 22% 25% 11% 4% 5% 13% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.43% 45.43% 45.39% 45.39% 45.38% 45.61% 44.96% 44.86% 44.79% 50.29% 50.20% 50.78%
1.21% 1.66% 1.61% 1.97% 2.38% 2.36% 2.96% 5.12% 5.39% 5.13% 5.16% 5.24%
0.36% 0.00% 0.00% 0.01% 0.50% 0.48% 0.53% 0.50% 0.63% 2.12% 2.27% 3.59%
53.01% 52.91% 53.00% 52.64% 51.74% 51.54% 51.54% 49.53% 49.18% 42.47% 42.36% 40.39%
No. of Shareholders 3,38,6053,42,9713,49,5853,08,1662,94,2342,80,9853,06,3464,40,4154,38,4144,36,7004,35,6284,47,666

* 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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