1. India Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Himadri Speciality Chemical Limited

Himadri Speciality Chemical Limited

HSCL.NS
Himadri Speciality Chemical LimitedIN flagNational Stock Exchange of India
650.05
INR
+9.20
- -
327.98BMarket Cap
Himadri Speciality Chemical Limited
HSCL.NS
(National Stock Exchange of India)

Recent

price

650.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
18.15
29.58
35.34
36.2
36.77
30.81
32
48.74
57.89
42.84
40.1
66.61
99.12
93.33
93.19
- -
91.76
Revenue per Share
2.94
1.48
0.24
-1.48
-0.32
-0.48
1.98
5.91
7.75
4.91
1.13
0.98
5.13
9.16
11.26
- -
12.45
Basic EPS, GAAP
-7.41
-5.37
-3.8
1.76
4.78
7.27
4.8
4.67
6.49
0.85
-1.8
7.34
-0.69
7.85
5.59
- -
- -
Free Cash Flow per Basic Share
0.1
0.1
0.1
0.1
0.1
- -
0.06
0.12
0.12
0.18
0.15
0.15
0.2
0.24
0.5
- -
- -
Dividend per Share
1
9.55
9.07
7.26
7.46
6.87
8.1
13.79
21.32
25.99
26.94
27.76
32.59
39.64
46.76
- -
- -
Book Value per Share
21.88
23.23
23.02
20.64
21.26
22.74
24.61
33.75
38.93
41.37
42.76
44.5
54.1
67.85
74.76
- -
- -
Tangible Book Value per Share
386
386
386
386
386
386
418
418
418
419
419
419
421
448
494
- -
494
Basic Weighted Avg Shares
7,001
11,410
13,633
13,963
14,185
11,902
13,390
20,393
24,223
17,937
16,793
27,907
41,718
41,846
45,992
46,577
45,305
Sales/Revenue/Turnover
-1.78
15.47
4.53
8.44
5.07
7.66
17.07
20.55
21.8
14.4
5
4.06
8.82
13.99
17.22
20.13
23.98
Operating Margin (%)
332
460
553
584
592
670
328
332
344
392
470
495
508
499
550
682
567
Depreciation Expense
1,133
573
94
-570
-124
-186
828
2,475
3,243
2,055
475
409
2,160
4,108
5,556
7,513
6,147
Net Income, GAAP
20.39
24.25
- -
- -
- -
- -
33.87
31.41
29.84
- -
26.79
26.95
22.98
28.43
31.14
24.56
29.59
Effective Tax Rate (%)
16.18
5.02
0.69
-4.08
-0.88
-1.56
6.18
12.13
13.39
11.46
2.83
1.47
5.18
9.82
12.08
16.13
13.57
Profit Margin (%)
6,130
2,977
2,905
1,742
763
-42
1,074
1,951
3,170
936
2,062
2,557
6,375
11,040
15,464
15,874
- -
Working Capital
8,485
4,950
5,973
5,870
5,226
3,660
3,870
2,312
1,883
291
915
988
527
246
56
60
- -
LT Debt
8,458
8,961
8,880
7,962
8,200
8,786
10,297
14,144
16,315
17,337
17,922
18,649
22,777
30,428
37,709
47,621
- -
Total Equity
-0.7
7.26
- -
- -
- -
- -
8.48
14.81
17.7
- -
2.58
3.33
10.18
12.37
14.07
14.68
- -
Return on Invested Capital (%)
20.38
7.65
- -
- -
- -
- -
11.72
24.69
28.23
- -
4.08
3.56
12.82
19.7
23.14
24.36
89.6
Return on Capital (%)
293.6
28.15
2.63
-18.1
-4.38
-6.72
27.38
54.03
44.14
20.75
4.28
3.57
17.04
26.09
27.2
28.15
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
3,078
- -
LT Borrowings
- -
27
- -
LT Finance Leases
- -
29
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
494
- -
Market Capitalization
288,399
209,378
255,652

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
21,512
- -
Cash, Cash Equivalents & STI
- -
543
- -
Accounts Receivable, Net
- -
6,328
- -
Inventories
- -
5,852
- -
Total Current Liabilities
- -
6,049
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,078
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.95%
22%
26.28%
Free Cash Flow
-245.94%
-413.77%
-124.54%
Net Income, GAAP
14.55%
114.88%
35.22%
Sales/Revenue/Turnover
17.84%
25.43%
1.27%
Total Cash Common Dividend
- -
42.13%
20.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,509
10,045
10,525
11,767
41,846
2025
12,004
11,369
11,407
11,346
45,992
2026
11,183
11,836
12,878
- -
46,577

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.99
2.29
2.47
- -
9.16
2025
2.49
2.74
2.88
3.15
11.26
2026
3.68
3.84
3.98
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.24
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
Similar Companies
Stardust Power Inc. (SDSTW)
Mangalam Organics Limited (MANORG.NS)
Thirumalai Chemicals Limited (TIRUMALCHM.BO)
Everlight Chemical Industrial Corporation (1711.TW)
Guangzhou Jointas Chemical Co., Ltd. (002909.SZ)
CPM Group Limited (1932.HK)
Business
Himadri Speciality Chemical Ltd manufactures and markets carbon materials and chemicals with a focus on speciality products for lithium-ion batteries, aluminium, graphite electrodes and other industries. The company produces advanced anode and cathode materials for lithium-ion batteries; speciality carbon black for tyres, paints, plastics, inks and coatings; coal tar pitch including zero quinoline insoluble variants; refined naphthalene and its derivatives; sulphonated naphthalene formaldehyde (SNF) and polycarboxylate ether (PCE) for construction chemicals; speciality oils; coal tar enamel and tape for corrosion protection; and generates green power. Himadri Speciality Chemical Ltd, founded in 1987 and headquartered in Kolkata, India, operates manufacturing facilities across India and previously in China, serving domestic and international markets including the US, East Asia and Australia. In 2025, the company acquires Elixir Carbo Private Limited for INR 7.50 crore to enhance vertical integration in coal tar distillates and naphthalene derivatives; invests USD 4.43 million for a 16.24% stake in US-based International Battery Company Inc to commercialise its LFP cathode and anode materials via manufacturing in South Korea and a Bengaluru gigafactory; enters a technology licensing partnership with Sicona Battery Technologies for India's first silicon-carbon anode plant; expands carbon black capacity and enters speciality tyre manufacturing for off-highway and electric vehicles following acquisition involvement in Birla Tyres; and sees promoter group increase stake through warrant conversions in November 2025.