Fin Cascade
Get Android appGet iOS app

Prices as of 8 Oct 2026 close · Not investment advice

Himadri Speciality Chemical Limited

NSE: HSCLCarbon Black

Share price

₹660.05

-1.92% close of 8 Oct 2026

Market cap ₹33,003 CrP/E 41.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

56

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹33,003 Cr

P/E ratio

41.3

P/B ratio

7.1

ROCE

22.1%

ROE

17.8%

Dividend yield

0.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹800.9052-week low ₹422.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.8% over the past year, and 15.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 5.6% to 20.3% over the last four years.

Whether it grew faster than its sector

It grew 15.3% a year against a sector median of 10.2% — 5.1 percentage points faster.

Room to re-rate, or risk of de-rating

At 41.3× earnings it costs 1.7× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 56.2×, across 5 companies. It is against its own five-year median of 41.9×, the 45th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.9 times its growth rate, on earnings growth of 47%.

Profit growthPrice per ₹1 profitPer 1% growth
Himadri Speciality Chemical Limited — this one47%/yr41.3×₹0.88
Solar Industries India Limited30%/yr89.8×₹3.0
Pidilite Industries25%/yr56.2×₹2.2
SRF Limited-4%/yr32.9×—
Linde India Limited1%/yr93.8×₹93.8
Coromandel International Limited-1%/yr26.9×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Chemicals sector, it ranks 26 of 182 on returns, 40 of 175 on growth, 26 of 182 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 22.1% on capital, ahead of 86% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1619 crore of cash from the business and spent ₹768 crore on plant and equipment, with ₹851 crore to spare; it still raised ₹521 crore from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 116 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being paid 1 days before it paid its own suppliers to waiting 57 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹33,003 Cr
Prev close
₹660.05
52w High
₹820
52w Low
₹419
Enterprise value
₹32,913 Cr
Beta
1.2
Price CAGR 1y
46.0%
Price CAGR 3y
42.0%
Price CAGR 5y
67.0%
Price CAGR 10y
32.0%

Ratios

Return on assets
12.0%
PEG ratio
0.9
P/E ratio
41.3
P/B ratio
7.1
EV / EBITDA
32.7
Industry P/E
22.1
ROCE
22.1%
ROCE 5y average
16.2%
ROE
17.8%
Debt / Equity
0.2
Interest coverage
16.6
Dividend yield
0.1%
ROE 3y average
17.0%
ROE last year
18.0%

Annual P&L

Annual revenue
₹4,661 Cr
Annual profit
₹755 Cr
Operating margin
21.0%
Net profit margin
16.2%
EBITDA margin
20.6%
Sales growth 3y
3.8%
Sales growth 5y
22.7%
Profit growth 3y
47.0%
Profit growth 5y
74.0%
EPS
₹14.9
Sales growth TTM
10.0%
Profit growth TTM
30.0%
Dividend payout
5.0%

Quarter P&L

Sales latest quarter
₹1,432 Cr
Profit latest quarter
₹228 Cr
YoY quarterly sales growth
28.0%
YoY quarterly profit growth
27.4%
OPM latest quarter
20.1%

Balance Sheet

Book Value
₹94.1
Face Value
₹1.0
Total debt
₹770 Cr
Total cash
₹735 Cr
Borrowings
₹770 Cr
Reserves / Equity
93.1

Cash Flow

Operating cash flow
₹382 Cr
Free cash flow
-₹63 Cr
FCF yield
-0.4%
Net cash flow
₹10 Cr

Shareholding

Promoter holding
52.5%
FII holding
6.8%
DII holding
3.3%
Public holding
37.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Himadri Special672.9542.533,9550.12228.426.31,431.928.022.1
PCBL Chemical326.9048.612,8621.84154.964.82,473.417.07.8
Median499.9345.523,4090.98191.745.51,952.622.514.9

Competes with: PCBL Chemical Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9511,0051,0531,1771,2001,1371,1411,1351,1181,0711,1841,2881,432
Expenses8178478799971,0089299209018738389411,0461,144
Material Cost7127267116126211,003
Change in Inventories32-22-776071-206
Purchases of Stock-in-Trade05.72286995115
Employee Cost364151534858
Other Expenses121123125147210174
Operating Profit134158174180192208221233245233243242288
OPM %14161715161819212222211920
Other Income10101012131412142736476256
Exceptional items (within Other Income)000000
Interest1316211413111291615161722
Depreciation12121313131315141517181921
Profit before tax119139150166179197206224241237255268301
Tax %28282830313131312626252324
Net Profit86101109115123136141155179176192208228
EPS in Rs1.962.292.472.342.482.742.883.153.683.573.813.984.55
Diluted EPS in Rs3.123.653.553.843.984.55

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4371,1821,3412,0222,4221,8061,6792,7914,1724,1854,6134,6614,974
Expenses1,3131,0361,1071,5691,8631,5251,5492,6353,7733,5403,7583,6993,969
Material Cost3,1522,670
Change in Inventories-5.0832
Purchases of Stock-in-Trade0198
Employee Cost139194
Other Expenses472605
Operating Profit1241462334525602801311563996458549621,005
OPM %91217222316861015192120
Other Income1396128814-17-24352171201
Exceptional items (within Other Income)00
Interest1031118270715533366664456471
Depreciation59673333343947505150556875
Profit before tax-24-2312536146219465532805748061,0011,060
Tax %-49-19343130-6272723283125
Net Profit-13-19822483242054739216411555755804
EPS in Rs-0.32-0.441.985.917.754.911.130.984.998.34111516
Diluted EPS in Rs1115
Dividend Payout %0-11522313205655

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
15%
5 years
23%
3 years
4%
TTM
10%

Compounded profit growth

10 years
44%
5 years
74%
3 years
47%
TTM
30%

Stock price CAGR

10 years
32%
5 years
67%
3 years
42%
1 year
46%

Return on equity

10 years
14%
5 years
14%
3 years
17%
Last year
18%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital394242424242424243494950
Reserves7508379881,3731,5901,6921,7511,8262,2372,9963,6724,656
Borrowings1,124887774660476505729587842605313770
Other Liabilities329296308341680323269999555798621830
Minority Interest4955
Total Liabilities2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306
Fixed Assets1,2281,1801,1741,1781,1701,4751,4681,5461,5151,5341,6051,942
CWIP14311322133158160779467185372
Investments23538727317947661131324785821,060
Other Assets9777988389431,3058821,0981,7181,9382,3712,2832,933
Total Assets2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity212296205258476283-4033154405447382
Cash from Investing Activity128-610-50-224-214-114-28-397-405-235-963
Cash from Financing Activity-348-278-233-200-257-41165-1823777-271590
Net Cash Flow-712-188-62811121347-6010
Free Cash Flow18428120119527236-76308-22352276-63

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8263604955611006644575055
Inventory Days12213816411212412110012561856896
Days Payable36507439100684512739692847
Cash Conversion Cycle1681511501227911315565667390103
Working Capital Days4-221929401015-11326957
ROCE %35112225114513192222

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters454550505152525252525252
FIIs5.125.395.135.165.245.155.385.205.745.755.986.80
DIIs0.500.632.122.273.604.244.624.833.213.093.223.33
Public504942424039383839393837
No. of Shareholders4,40,4154,38,4144,36,7004,35,6284,47,6664,54,9434,45,7684,48,3394,53,8104,29,3914,08,4084,14,141

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +45.8% (₹452.75 → ₹660.05)Brick size ₹17.94 (fixed)Bricks 40
₹500₹600₹700₹800₹660Nov '25Feb '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹660.05 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-89.77inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

1.27cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,79,42,377inr

2026-03-31

News

News and filings about Himadri Speciality Chemical Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Carbon black feedstock (CBFS)
  • Coal tar

Depends on the price of

  • Coking Coal
  • Crude Oil Brent

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Carbon Black
Classification
Chemicals › Carbon Black
ISIN
INE019C01026

Business segments

  • (a) Carbon materials and chemicals · 92%
  • (c) Others · 6%
  • (b) Power · 2%

Plants

  • Falta SEZ Unit · Falta, South 24 Parganas, West Bengal
  • Korba Unit · Korba, Chhattisgarh
  • Liluah Unit 1 · Liluah, Howrah, West Bengal
  • Liluah Unit 2 · Liluah, Howrah, West Bengal
  • Mahistikry Carbon Black & Coal Tar Plant
  • Sambalpur Unit · Sambalpur, Odisha
  • Visakhapatnam Unit · Visakhapatnam, Andhra Pradesh

News impact

Big market events that reach Himadri Speciality Chemical Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 May 2026unspecified₹0.8
23 May 2025unspecified₹0.6
7 Jun 2024unspecified₹0.5
9 Jun 2023unspecified₹0.25
20 Sep 2022unspecified₹0.2
21 Sep 2021unspecified₹0.15
18 Sep 2020unspecified₹0.15
17 Sep 2019unspecified₹0.15

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
19 Aug 2026VT CAPITAL MARKET PVT LTDBUY56,68,897₹736.65
19 Aug 2026VT CAPITAL MARKET PVT LTDSELL24,63,897₹761.99
6 May 2026VT CAPITAL MARKET PVT LTDBUY27,59,072₹631.81
6 May 2026VT CAPITAL MARKET PVT LTDSELL15,59,072₹633.14
24 Apr 2026VT CAPITAL MARKET PVT LTDSELL47,01,610₹576.21
24 Apr 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL38,77,558₹582.14
24 Apr 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY38,77,558₹581.91
24 Apr 2026VT CAPITAL MARKET PVT LTDBUY36,41,410₹578.67

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.