Himadri Speciality Chemical Ltd. (HSCL) AI Stock Analysis

• Market Cap: ₹227.76B
• Dividend Yield: 0.13%
• Average Volume (3M): 58.46K
• Price to Earnings (P/E): 37.0
• Beta (1Y): 1.73
• Revenue Growth: 2.17%
• EPS Growth: 28.95%
• Country: IN
• Employees: 920
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Chemicals - Specialty
• EPS (TTM): 3.70
• Shares Outstanding: 493,849,500
• 10 Day Avg. Volume: 28,628
• 30 Day Avg. Volume: 58,463
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹519.00
• Price Target Upside: 13.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹519.00 ▲(13.52% Upside)

Himadri Speciality Chemical Ltd. has a strong financial performance, which is the most significant factor contributing to the overall score. However, the technical analysis indicates mixed signals with potential short-term weakness, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events limits additional insights into the company's future prospects.

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. showcases a strong financial position with impressive growth and profitability metrics. The company has demonstrated resilience and effective management with improving revenue, profit margins, and cash flows. The balance sheet reflects financial stability with a robust equity base and decreased leverage. Despite challenges in investing activities, the overall financial health is solid, positioning the company well for future growth and stability in the specialty chemicals industry.

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: Negative
• Last Price: 457.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 457.2 is below the 20-day moving average (MA) of 462.11, below the 50-day MA of 482.34, and below the 200-day MA of 481.68, indicating a bearish trend. The MACD of -6.26 indicates Negative momentum. The RSI at 44.08 is Neutral, neither overbought nor oversold. The STOCH value of 43.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
BASF	69 Neutral	₹200.37B	51.27		0.43%	5.63%	-41.01%
VINATIORGA	67 Neutral	₹176.98B	41.61		0.41%	14.93%	21.24%
HSCL	66 Neutral	₹227.76B	37.04		0.13%	2.17%	28.95%
ATUL	63 Neutral	₹188.42B	37.82		0.39%	17.95%	50.93%
Sector *	61 Neutral	$10.27B	6.37	0.76%	2.91%	3.10%	-36.03%
AARTIIND	61 Neutral	₹138.22B	58.94		0.26%	4.09%	-51.04%
PRIVISCL	55 Neutral	₹87.68B	40.30		0.22%	21.50%	78.82%

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.