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Himadri Speciality Chemical Ltd share Price Today

Company details

358.90
372.00
125.50
398.75
6M Return 24.30%
1Y Return 179.46%
Mkt Cap.(Cr) 17,827.01
Volume 812,466
Div Yield 0.14%
OI
-
OI Chg %
-
Volume 812,466

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Speciality Chemicals company Himadri Speciality Chemical announced FY24 results:

Financial Highlights

  • Sales Volume: Achieved a sales volume of 4,75,582 metric tons (MT) in FY24, an 18% increase from the previous fiscal year.
  • Revenue: Reported stable revenues of Rs 4,185 crores, consistent with the last year's figures.
  • EBITDA: EBITDA soared by 55% to Rs 632 crores.
  • PAT: Posted a substantial 97% surge in Profit After Tax (PAT) amounting to Rs 410 crores.

Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said, " We are delighted to announce that the Company has become debt-free with positive net cash balance as a result of our relentless focus on disciplined capital deployment and working capital utilization. We also take pride in announcing that the Company has achieved highest ever Sales, EBITDA, and PAT. This performance is a direct result of our strategic initiatives and our team's tireless efforts to drive innovation and excellence in everything we do.

We are in for very exciting times with strong growth coming from our existing businesses as well as significant progress being made on new businesses. Our volumes have increased consistently with all round growth in products and launch of new product line of speciality products. Our vision to focus on speciality and high value added products over years has led to consistent and sustainable increase in profitability. Coupled with our initiatives on operational efficiency, yield improvements and competitive value proposition to customers, we have laid down a strong foundation for sustainable performance. To support the growth and increasing market demand, we are announcing a brownfield expansion of a new speciality carbon black line of 70,000 MTPA (increasing the total speciality carbon black capacity to 130,000 MTPA making it world’s largest speciality carbon black capacity at single site) at an estimated capex of Rs 220 croreswhich is scheduled to be operational within 18months.

Our research and project execution of battery materials continue as per plan. We have a strong pipeline of innovative products in development with our research team relentlessly pursuing our vision of playing a critical role in LiB value chain. Building on this momentum, we have acquired a 40% stake in Invati Creations Private Limited (Invati). Our partnership is built on a shared vision to transform the Lithium-ion battery industry by significantly enhancing its storage efficiency, charging speed, and battery lifespan. Together, we aim to make a substantial impact on meeting the world's growing energy demands."

Result PDF

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Himadri Speciality Chemical Ltd shares SWOT Analysis

Strengths (16)

  • Promoter holding increased more than 2% QoQ
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 369.6
R2 377.4
R3 382.7
Pivot

364.27

S1 356.5
S2 351.2
S3 343.4
EMA SMA
349.0
346.4
336.7
301.3
347.1
347.3
347.6
310.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Bulk Purchase 2023-09-15 241.82 2653602 NSE
VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEIF Bulk Purchase 2023-09-15 241.82 2526447 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-09-15 241.14 4195049 NSE
Name Category Shares
ANURAG CHOUDHARY PROMOTER 6.7%
AMIT CHOUDHARY PROMOTER 2.79%
SHYAM SUNDAR CHOUDHARY PROMOTER 1.67%
SHIKHA CHOUDHARY PROMOTER 0.75%
SHEELA DEVI CHOUDHARY PROMOTER 0.61%
Modern Hi-Rise Private Limited PROMOTER 37.07%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Himadri Speciality Chemical Ltd Stocks COMPARISON

Financials( in Cr) Himadri Speciality Chemical Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 361.90 3,109.80 9,262.40 2,402.00 3,266.85
% Change 0.29 1.01 -0.17 0.09 -0.73
Mcap Cr 17,827.01 158,167.23 78,993.45 71,201.29 35,886.35
Revenue TTM Cr 4,184.89 11,799.10 3,135.52 13,138.52 5,684.66
Net Profit TTM Cr 410.68 1,288.87 538.06 1,335.71 1,323.05
PE TTM 43.37 87.89 182.01 53.39 83.05
1 Year Return 179.46 15.75 110.59 2.44 3.94
ROCE 18.79 24.24 16.29 12.52 29.38
ROE 15.42 18.93 14.70 12.25 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,045.58 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79

Himadri Speciality Chemical Ltd Information

Stock PE (TTM)
43.37
Promoter Holding
50.29%
Book Value
61.8119
ROCE
18.79%
ROE
15.42%
Description
  • Headquartered in Kolkata, West Bengal, Himadri Chemical Speciality Ltd. (HSCL) is a leading name in the speciality chemical sector. This small-cap company has a market capitalisation worth Rs. 2,962 crores. The company was incorporated on 28th July 1987. Some of the key names in management are Mr S S Choudhary, Mr V K Choudhary, Mr R N Jhunjhunwala, Mr B L Choudhary, Mr M L Jalan, and Mr D P Choudhary.  The company declared a net profit of Rs. 24.33 crores as of December 31st, 2021. The shares of Himadri Chemical are traded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the scrip name HSCL. 

    This flagship company of the Himadri Group is involved in the production of speciality chemicals and carbon materials. It caters to domestic as well as foreign markets. Coal tar pitch, a key product of the company, is utilised in a variety of applications. Some of them include electric arc furnaces, lithium-ion batteries, warhead missiles, thermoplastic polymeric coatings, and aluminium production. Apart from that, the company is engaged in the manufacturing of fuel oils, wood preservatives, polycarboxylate ether, and a few others. 

    The company's revenue figure is slightly lower than the industry average over the last five years. There is also a slight dip in the company's market share over the last few years. Following the financial year 2018-2019, the company's net profit has decreased for two years in a row.  However, in terms of quarterly profit, the company picked up a little pace in the December quarter, reporting a profit of 24.33 crores, which is much more than the previous two quarters. The company also reported an Earning per Share of Rs 0.58 in the third quarter. 

    On 29th March 2022, Himadri Chemical's share price was closed at Rs. 70.70. The Himadri Speciality Chemical Ltd. share price performance saw a major fluctuation in the last twelve months.  The five years high and low of the Himadri share price were Rs.  and Rs. 90.85, respectively. The key competitors of Himadri Speciality Chemical Ltd. include Linde India Ltd., Deepak Nitrite Ltd., and Sumitomo Chemical India Ltd. 

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

23A Netaji Subhas Road, 8th Floor Suite No 15, Kolkata, West Bengal, 700001

Tel : 91-33-22104261/62/22309953/4363
Email : investors:himadri.com; monika:himadri.com; info:hi
Website : http://www.himadri.com
Registrar

S K Computers

AGM Date (Month) : Dec
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500184
NSE Code : HSCL
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE019C01026

FAQ’s on Himadri Speciality Chemical Ltd Shares

You can buy Himadri Speciality Chemical Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Himadri Speciality Chemical Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:55 PM the closing price of Himadri Speciality Chemical Ltd was Rs.361.90.

The latest PE ratio of Himadri Speciality Chemical Ltd as of Jun 14, 2024 03:55 PM is 43.37

The latest PB ratio of Himadri Speciality Chemical Ltd as of Jun 14, 2024 03:55 PM is 0.17

The 52-week high of Himadri Speciality Chemical Ltd share price is Rs. 398.75 while the 52-week low is Rs. 125.50

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:55 PM, the market cap of Himadri Speciality Chemical Ltd stood at Rs. 17,827.01.

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