Himadri Speciality Chemical Ltd
NSE:HSCL
Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Ltd., an intricate player in the realm of chemical manufacturing, has carved a niche for itself with its robust portfolio of carbon-based products. This Kolkata-headquartered company, established in the late 20th century, embarked on its journey by tapping into the vast reserves of coal tar, a by-product of steel manufacturing. Through a series of sophisticated distillation processes, Himadri transformed this raw material into specialized carbon products, primarily utilized in the aluminum, graphite, and tire industries. Its ingenuity in converting coal tar into crucial industrial substances like carbon black and coal tar pitch has propelled it to a leading position in the market.
Diversifying its revenue streams, Himadri Speciality Chemical Ltd. strategically expanded its product lines to serve various sectors. Beyond its flagship offerings, the company ventured into the creation of advanced carbon materials, which find applications in lithium-ion batteries, catering to the growing demand from the electric vehicle industry. With the rise in research and development, Himadri has also ventured into specialty oils and naphthalene derivatives, supporting its growth in both domestic and international markets. By leveraging its vertical integration and commitment to innovation, the company sustains its profitability while addressing the complex needs of its clients across different sectors, thus securing its position as a versatile leader in the chemical manufacturing domain.
Himadri Speciality Chemical Ltd., an intricate player in the realm of chemical manufacturing, has carved a niche for itself with its robust portfolio of carbon-based products. This Kolkata-headquartered company, established in the late 20th century, embarked on its journey by tapping into the vast reserves of coal tar, a by-product of steel manufacturing. Through a series of sophisticated distillation processes, Himadri transformed this raw material into specialized carbon products, primarily utilized in the aluminum, graphite, and tire industries. Its ingenuity in converting coal tar into crucial industrial substances like carbon black and coal tar pitch has propelled it to a leading position in the market.
Diversifying its revenue streams, Himadri Speciality Chemical Ltd. strategically expanded its product lines to serve various sectors. Beyond its flagship offerings, the company ventured into the creation of advanced carbon materials, which find applications in lithium-ion batteries, catering to the growing demand from the electric vehicle industry. With the rise in research and development, Himadri has also ventured into specialty oils and naphthalene derivatives, supporting its growth in both domestic and international markets. By leveraging its vertical integration and commitment to innovation, the company sustains its profitability while addressing the complex needs of its clients across different sectors, thus securing its position as a versatile leader in the chemical manufacturing domain.
Strong Profit Growth: PAT for 9M FY '26 grew 41% YoY and already surpassed the FY '25 full year figure.
Revenue & EBITDA: Q3 FY '26 revenue rose both on a standalone (INR 1,133 crore) and consolidated (INR 1,184 crore) basis, with EBITDA up 12% YoY.
Speciality Carbon Black Expansion: Trial production started at the world's largest single-site facility (130,000 MTPA), marking a major milestone.
Battery Materials Ambitions: LFP cathode plant (Phase 1: 40,000 MTPA) on track for Q3 FY '27, with full ramp-up expected in FY '29.
Guidance Reiterated: Management reiterates PAT will double from FY '25 to FY '28, maintaining its earlier three-year target.
Promoter Confidence: Promoter shareholding increased to 52.5% through warrant conversion, signaling long-term commitment.
No Planned Dilution: Future growth to be funded through internal accruals, with no new equity dilution or debt planned.
