Himadri Speciality Chemical Ltd. (HSCL) AI Stock Analysis

• Market Cap: ₹231.89B
• Dividend Yield: 0.13%
• Average Volume (3M): 106.67K
• Price to Earnings (P/E): 37.7
• Beta (1Y): 1.65
• Revenue Growth: 2.17%
• EPS Growth: 28.95%
• Country: IN
• Employees: 920
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Chemicals - Specialty
• EPS (TTM): 3.70
• Shares Outstanding: 493,849,500
• 10 Day Avg. Volume: 68,591
• 30 Day Avg. Volume: 106,665
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹529.00
• Price Target Upside: 12.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹529.00 ▲(12.66% Upside)

Himadri Speciality Chemical Ltd. has a strong financial foundation with impressive growth in revenue and profitability. However, technical indicators suggest a bearish trend, and the stock valuation appears high with limited dividend yield. These factors balance out to an overall moderate stock score.

Himadri Speciality Chemical Ltd. Business Overview & Revenue Model

Company Description

Himadri Speciality Chemical Ltd. (HSCL) is a leading Indian chemical company specializing in the production of carbon materials and chemicals. Established in 1987, HSCL operates in various sectors including specialty chemicals, advanced carbon materials, and power generation. The company's core products include coal tar pitch, carbon black, advanced carbon materials, and naphthalene derivatives, which are used across industries such as aluminum, graphite, lithium-ion batteries, and tires.

How the Company Makes Money

HSCL generates revenue through the manufacturing and sale of its diverse range of chemical products. The company's primary revenue streams include the sale of coal tar pitch used in aluminum and graphite electrode industries, and carbon black, which is a crucial component in tire manufacturing. Additionally, HSCL produces advanced carbon materials and naphthalene derivatives, catering to industries like lithium-ion batteries and construction. The company's strategic partnerships and long-term contracts with major industrial players, along with its focus on innovation and expanding its product applications, significantly contribute to its earnings.

Himadri Speciality Chemical Ltd. Financial Statement Overview

Summary

Himadri Speciality Chemical Ltd. has robust financial metrics with strong revenue growth, improved profit margins, and efficient cash flow management. The balance sheet shows financial stability with a solid equity base and decreased leverage. Although investing activities present a challenge, overall financial health remains solid.

Income Statement

Himadri Speciality Chemical Ltd. has demonstrated strong revenue growth, increasing from ₹41,848.9 million in 2024 to ₹46,126.3 million in 2025, marking a growth rate of 10.87%. The gross profit margin also improved significantly, reflecting efficient production and pricing strategies. The net profit margin increased to 12.04% in 2025 from 9.81% in 2024, indicating enhanced profitability. EBIT and EBITDA margins have shown an upward trajectory, suggesting better operational efficiency. Overall, the income statement reflects a robust financial performance with notable improvements in profitability and growth metrics.

Balance Sheet

The company has a strong equity foundation, with stockholders' equity increasing from ₹30,455.75 million in 2024 to ₹37,217.4 million in 2025. The debt-to-equity ratio has improved, indicating reduced financial leverage and enhanced financial stability. The equity ratio stands at 79.92% in 2025, reflecting a solid balance sheet with low reliance on debt financing. Return on equity (ROE) has improved to 14.92%, showcasing efficient use of equity. Despite these strengths, the total liabilities remain a concern, although they have decreased over the past year.

Cash Flow

Operating cash flow increased from ₹4,047.589 million in 2024 to ₹4,468.7 million in 2025, showing strong cash generation capabilities. The free cash flow grew from ₹3,520 million to ₹2,760.2 million, reflecting effective capital management despite a slight decrease. The operating cash flow to net income ratio indicates a healthy cash conversion from profits. However, investing cash flows remain negative, signaling caution in capital expenditure. Overall, the company demonstrates solid cash flow management, supporting its operational and strategic initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.13B	46.13B	41.85B	41.72B	27.91B	16.79B
Gross Profit	14.21B	14.66B	11.17B	9.17B	5.36B	4.40B
EBITDA	8.88B	9.08B	6.84B	3.84B	1.32B	1.44B
Net Income	5.56B	5.56B	4.11B	2.16B	409.46M	474.78M
Balance Sheet
Total Assets	46.56B	46.56B	44.49B	36.78B	34.54B	27.91B
Cash, Cash Equivalents and Short-Term Investments	7.00B	7.00B	2.16B	6.25B	2.63B	1.28B
Total Debt	3.13B	3.13B	6.05B	8.42B	5.87B	7.29B
Total Liabilities	8.85B	8.85B	14.06B	14.00B	15.89B	9.99B
Stockholders Equity	37.22B	37.22B	30.46B	22.80B	18.68B	17.93B
Cash Flow
Free Cash Flow	0.00	2.76B	3.52B	-291.80M	3.08B	-755.51M
Operating Cash Flow	0.00	4.47B	4.05B	539.70M	3.31B	-404.09M
Investing Cash Flow	0.00	-2.35B	-4.05B	-3.97B	-282.26M	-1.14B
Financing Cash Flow	0.00	-2.71B	71.90M	3.77B	-1.82B	1.65B

Himadri Speciality Chemical Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 469.55
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HSCL, the sentiment is Neutral. The current price of 469.55 is below the 20-day moving average (MA) of 482.73, below the 50-day MA of 483.42, and below the 200-day MA of 488.76, indicating a bearish trend. The MACD of -8.79 indicates Positive momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of 52.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HSCL.

Himadri Speciality Chemical Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HSCL	69 Neutral	₹231.89B	37.72		0.13%	2.17%	28.95%
BASF	69 Neutral	₹201.28B	50.84		0.43%	5.63%	-41.01%
VINATIORGA	67 Neutral	₹170.80B	42.15		0.42%	19.74%	15.60%
PRIVISCL	66 Neutral	₹94.99B	43.66		0.21%	21.50%	78.82%
ATUL	63 Neutral	₹189.77B	37.99		0.39%	17.95%	50.93%
AARTIIND	61 Neutral	₹134.91B	56.92		0.27%	4.09%	-51.04%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%

Himadri Speciality Chemical Ltd. Corporate Events

Himadri Speciality Chemical Ltd. Acquires 100% Stake in Birla Tyres

Himadri Speciality Chemical Ltd. has completed the acquisition of Birla Tyres Limited, making it a wholly owned subsidiary. This strategic move, finalized by converting debentures into equity shares and purchasing remaining shares, positions Himadri to potentially expand its market presence and operational capabilities.