WEBSITE BSE:500184 NSE: HSCL Inc. Year: 1987 Industry: Carbon Black My Bucket: Add Stock
Last updated: 15:58
Himadri Speciality Chemical Ltd is a coal tar pitch manufacturing company which manufactures coal tar pitch used inside the manufacture of aluminium, that is utilized in automobiles, televisions, rockets, beverage cans, wires, cables, smartphones, fixtures and foil wraps, amongst others. It manufactures coal tar pitch, which finds downstream use inside the manufacture of graphite electrodes in electric arc furnaces; specialized coal tar pitch, that is used in long warfare head missiles; advanced carbon, that is used within the manufacture of li...Read More
Himadri Speciality Chemical Ltd is a coal tar pitch manufacturing company which manufactures coal tar pitch used inside the manufacture of aluminium, that is utilized in automobiles, televisions, rockets, beverage cans, wires, cables, smartphones, fixtures and foil wraps, amongst others. It manufactures coal tar pitch, which finds downstream use inside the manufacture of graphite electrodes in electric arc furnaces; specialized coal tar pitch, that is used in long warfare head missiles; advanced carbon, that is used within the manufacture of lithium-ion batteries; coal tar-based thermoplastic polymeric coating, that is used as an anti-corrosive material in underground and offshore pipelines; carbon black, that is used for reinforcement of elastomeric substances, and speciality carbon black with particular applications in plastics, fiber, inks and meals grade substances. It also manufactures sulfonated naphthalene formaldehyde (SNF); poly carboxylate ether (PCE), and wood preservatives and fuel oils. ...Read Less
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Market Cap ₹24902 Cr.
Stock P/E 44.9
P/B 5.4
Current Price ₹493.6
Book Value ₹ 90.9
Face Value 1
52W High ₹534.4
Dividend Yield 0.12%
52W Low ₹ 407.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1005 | 1053 | 1177 | 1200 | 1137 | 1141 | 1135 | 1118 | 1071 | 1184 |
| Other Income | 10 | 10 | 12 | 13 | 14 | 12 | 14 | 27 | 36 | 47 |
| Total Income | 1014 | 1063 | 1189 | 1213 | 1150 | 1153 | 1148 | 1145 | 1107 | 1230 |
| Total Expenditure | 847 | 879 | 997 | 1008 | 929 | 920 | 901 | 873 | 838 | 941 |
| Operating Profit | 167 | 184 | 192 | 205 | 222 | 233 | 247 | 272 | 269 | 289 |
| Interest | 16 | 21 | 14 | 13 | 11 | 12 | 9 | 16 | 15 | 16 |
| Depreciation | 12 | 13 | 13 | 13 | 13 | 15 | 14 | 15 | 17 | 18 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 139 | 150 | 166 | 179 | 197 | 206 | 224 | 241 | 237 | 255 |
| Provision for Tax | 38 | 41 | 51 | 56 | 62 | 65 | 69 | 62 | 60 | 63 |
| Profit After Tax | 101 | 109 | 115 | 123 | 136 | 141 | 155 | 179 | 176 | 192 |
| Adjustments | 0 | 0 | -0 | -0 | -0 | 1 | 0 | 2 | 1 | 0 |
| Profit After Adjustments | 101 | 109 | 115 | 123 | 135 | 142 | 156 | 182 | 177 | 192 |
| Adjusted Earnings Per Share | 2.3 | 2.5 | 2.3 | 2.5 | 2.7 | 2.9 | 3.2 | 3.7 | 3.6 | 3.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1438 | 1183 | 1343 | 2022 | 2422 | 1806 | 1679 | 2791 | 4172 | 4185 | 4613 | 4508 |
| Other Income | 13 | 9 | 6 | 12 | 8 | 8 | 14 | 7 | 28 | 52 | 59 | 124 |
| Total Income | 1451 | 1192 | 1349 | 2034 | 2430 | 1814 | 1694 | 2799 | 4200 | 4237 | 4672 | 4630 |
| Total Expenditure | 1314 | 1038 | 1110 | 1569 | 1863 | 1525 | 1549 | 2635 | 3773 | 3550 | 3766 | 3553 |
| Operating Profit | 137 | 155 | 239 | 465 | 568 | 288 | 145 | 163 | 427 | 688 | 906 | 1077 |
| Interest | 103 | 111 | 82 | 70 | 71 | 55 | 33 | 36 | 66 | 64 | 45 | 56 |
| Depreciation | 59 | 67 | 33 | 33 | 34 | 39 | 47 | 50 | 51 | 50 | 55 | 64 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25 | -30 | 0 | 0 | 0 |
| Profit Before Tax | -24 | -23 | 125 | 361 | 462 | 194 | 65 | 53 | 280 | 574 | 806 | 957 |
| Provision for Tax | -12 | -5 | 42 | 113 | 138 | -11 | 17 | 14 | 64 | 163 | 251 | 254 |
| Profit After Tax | -13 | -19 | 82 | 248 | 324 | 205 | 47 | 39 | 216 | 411 | 555 | 702 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 2 | 0 | 0 | 1 | 3 |
| Profit After Adjustments | -12 | -19 | 83 | 247 | 324 | 205 | 47 | 41 | 216 | 411 | 556 | 707 |
| Adjusted Earnings Per Share | -0.3 | -0.4 | 2 | 5.9 | 7.7 | 4.9 | 1.1 | 1 | 5 | 8.3 | 11.3 | 14.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 10% | 18% | 21% | 12% |
| Operating Profit CAGR | 32% | 77% | 26% | 21% |
| PAT CAGR | 35% | 142% | 22% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 7% | 74% | 64% | 39% |
| ROE Average | 17% | 14% | 10% | 10% |
| ROCE Average | 22% | 18% | 12% | 13% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 789 | 879 | 1030 | 1415 | 1632 | 1734 | 1793 | 1868 | 2281 | 3046 | 3722 |
| Minority's Interest | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -3 | -3 | -3 | 49 |
| Borrowings | 532 | 366 | 387 | 231 | 188 | 22 | 84 | 93 | 48 | 22 | 3 |
| Other Non-Current Liabilities | 170 | 156 | 69 | 179 | 277 | 298 | 319 | 343 | 365 | 489 | 590 |
| Total Current Liabilities | 798 | 709 | 696 | 740 | 928 | 743 | 841 | 1412 | 1295 | 1295 | 736 |
| Total Liabilities | 2289 | 2109 | 2182 | 2565 | 3025 | 2797 | 3037 | 3714 | 3986 | 4848 | 5100 |
| Fixed Assets | 1228 | 1180 | 1174 | 1178 | 1170 | 1475 | 1468 | 1546 | 1515 | 1534 | 1605 |
| Other Non-Current Assets | 185 | 225 | 205 | 452 | 610 | 485 | 522 | 500 | 538 | 915 | 1212 |
| Total Current Assets | 876 | 705 | 804 | 935 | 1245 | 836 | 1047 | 1668 | 1933 | 2399 | 2283 |
| Total Assets | 2289 | 2109 | 2182 | 2565 | 3025 | 2797 | 3037 | 3714 | 3986 | 4848 | 5100 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 25 | 17 | 30 | 12 | 20 | 14 | 42 | 53 | 173 | 208 | 215 |
| Cash Flow from Operating Activities | 212 | 296 | 205 | 258 | 476 | 283 | -40 | 331 | 54 | 405 | 447 |
| Cash Flow from Investing Activities | 128 | -5 | 18 | -50 | -224 | -214 | -114 | -28 | -397 | -405 | -235 |
| Cash Flow from Financing Activities | -348 | -278 | -233 | -200 | -257 | -41 | 165 | -182 | 377 | 7 | -271 |
| Net Cash Inflow / Outflow | -8 | 13 | -10 | 8 | -6 | 28 | 11 | 121 | 34 | 7 | -60 |
| Closing Cash & Cash Equivalent | 17 | 30 | 12 | 20 | 14 | 42 | 53 | 173 | 208 | 215 | 155 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.32 | -0.44 | 1.98 | 5.91 | 7.75 | 4.91 | 1.13 | 0.98 | 4.99 | 8.34 | 11.25 |
| CEPS(Rs) | 1.21 | 1.15 | 2.75 | 6.71 | 8.57 | 5.84 | 2.25 | 2.11 | 6.16 | 9.35 | 12.35 |
| DPS(Rs) | 0 | 0.05 | 0.1 | 0.1 | 0.15 | 0.15 | 0.15 | 0.2 | 0.25 | 0.5 | 0.6 |
| Book NAV/Share(Rs) | 20.44 | 21 | 24.61 | 33.78 | 38.92 | 41.33 | 42.71 | 44.49 | 50.25 | 61.8 | 73.65 |
| Core EBITDA Margin(%) | 7.69 | 11.03 | 15.65 | 21.84 | 23.11 | 15.52 | 7.8 | 5.59 | 9.57 | 15.18 | 18.36 |
| EBIT Margin(%) | 4.84 | 6.63 | 13.84 | 20.82 | 22.01 | 13.79 | 5.84 | 3.19 | 8.3 | 15.24 | 18.45 |
| Pre Tax Margin(%) | -1.52 | -1.78 | 8.37 | 17.42 | 19.08 | 10.75 | 3.84 | 1.92 | 6.72 | 13.71 | 17.48 |
| PAT Margin (%) | -0.77 | -1.43 | 5.53 | 11.95 | 13.39 | 11.37 | 2.81 | 1.4 | 5.17 | 9.81 | 12.03 |
| Cash Profit Margin (%) | 2.89 | 3.64 | 7.73 | 13.55 | 14.81 | 13.55 | 5.61 | 3.17 | 6.39 | 11 | 13.23 |
| ROA(%) | -0.52 | -0.86 | 3.84 | 10.43 | 11.6 | 7.06 | 1.62 | 1.16 | 5.61 | 9.3 | 11.16 |
| ROE(%) | -1.58 | -2.27 | 8.64 | 20.27 | 21.31 | 12.22 | 2.69 | 2.14 | 10.69 | 15.74 | 16.62 |
| ROCE(%) | 3.84 | 4.76 | 11.56 | 22.25 | 25.49 | 11.46 | 4.13 | 3.59 | 12.45 | 18.86 | 22.17 |
| Receivable days | 76.22 | 72.48 | 52.07 | 43.43 | 48.06 | 67.28 | 82.7 | 63.19 | 44.18 | 50.61 | 50.98 |
| Inventory Days | 85.37 | 94.83 | 87.63 | 71.88 | 72.57 | 95.85 | 80.91 | 72.63 | 57.56 | 54.37 | 50.95 |
| Payable days | 34.67 | 48.76 | 60.89 | 43.97 | 25.72 | 22.64 | 32.69 | 40.45 | 38.78 | 54.53 | 46.5 |
| PER(x) | 0 | 0 | 22.06 | 24.79 | 15.12 | 6.02 | 36.8 | 76.08 | 17.5 | 36.17 | 37.68 |
| Price/Book(x) | 0.73 | 0.75 | 1.77 | 4.34 | 3.01 | 0.72 | 0.98 | 1.67 | 1.74 | 4.88 | 5.76 |
| Dividend Yield(%) | 0 | 0.32 | 0.23 | 0.07 | 0.13 | 0.51 | 0.36 | 0.27 | 0.29 | 0.17 | 0.14 |
| EV/Net Sales(x) | 1.16 | 1.27 | 1.91 | 3.34 | 2.2 | 0.94 | 1.39 | 1.23 | 0.96 | 3.52 | 4.46 |
| EV/Core EBITDA(x) | 12.1 | 9.69 | 10.72 | 14.55 | 9.39 | 5.88 | 16.06 | 21 | 9.34 | 21.42 | 22.71 |
| Net Sales Growth(%) | 3 | -17.7 | 13.48 | 50.52 | 19.83 | -25.45 | -7 | 66.2 | 49.46 | 0.31 | 10.22 |
| EBIT Growth(%) | 82.16 | 12.13 | 135.34 | 109.18 | 23.59 | -53.29 | -60.65 | -9.09 | 288.76 | 84.14 | 33.44 |
| PAT Growth(%) | 78.41 | -51.48 | 534.88 | 200.34 | 30.95 | -36.66 | -76.98 | -17.37 | 452.71 | 90.25 | 35.17 |
| EPS Growth(%) | 78.19 | -37.86 | 545.36 | 198.96 | 30.99 | -36.67 | -76.9 | -13.76 | 410.72 | 67.07 | 34.94 |
| Debt/Equity(x) | 1.43 | 1.01 | 0.75 | 0.47 | 0.29 | 0.29 | 0.4 | 0.31 | 0.38 | 0.2 | 0.08 |
| Current Ratio(x) | 1.1 | 0.99 | 1.15 | 1.26 | 1.34 | 1.13 | 1.25 | 1.18 | 1.49 | 1.85 | 3.1 |
| Quick Ratio(x) | 0.64 | 0.54 | 0.59 | 0.7 | 0.76 | 0.58 | 0.84 | 0.63 | 1.07 | 1.31 | 2.31 |
| Interest Cover(x) | 0.76 | 0.79 | 2.53 | 6.12 | 7.5 | 4.54 | 2.93 | 2.5 | 5.24 | 9.99 | 19.01 |
| Total Debt/Mcap(x) | 1.94 | 1.35 | 0.42 | 0.11 | 0.1 | 0.41 | 0.41 | 0.19 | 0.22 | 0.04 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 44.79 | 50.29 | 50.2 | 50.78 | 51.56 | 51.61 | 51.61 | 51.57 | 52.5 | 52.5 |
| FII | 5.39 | 5.13 | 5.16 | 5.24 | 5.15 | 5.38 | 5.19 | 5.74 | 5.75 | 5.98 |
| DII | 0.64 | 2.12 | 2.27 | 3.59 | 4.23 | 4.61 | 4.82 | 3.21 | 3.08 | 3.2 |
| Public | 49.18 | 42.46 | 42.37 | 40.4 | 39.06 | 38.39 | 38.38 | 39.48 | 38.67 | 38.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 19.74 | 24.77 | 24.77 | 25.07 | 25.46 | 25.49 | 25.49 | 25.49 | 26.49 | 26.49 |
| FII | 2.38 | 2.53 | 2.55 | 2.58 | 2.54 | 2.66 | 2.56 | 2.84 | 2.9 | 3.02 |
| DII | 0.28 | 1.05 | 1.12 | 1.77 | 2.09 | 2.28 | 2.38 | 1.58 | 1.55 | 1.61 |
| Public | 21.67 | 20.91 | 20.91 | 19.94 | 19.28 | 18.96 | 18.95 | 19.51 | 19.51 | 19.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 44.07 | 49.26 | 49.35 | 49.37 | 49.37 | 49.38 | 49.38 | 49.42 | 50.45 | 50.45 |
* The pros and cons are machine generated.
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