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On 6 Nov 2026, Himadri Speciality Chemical was priced at ₹568.15, or 33.5× trailing earnings, against an industry P/E of 22.1×, and the shares are 31% below their 52-week high. It earns ROCE of 21% and ROE of 19%, and sales and net profit grew 3.7% and 52% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.22× equity. It is a small-cap company with a market cap of ₹28,667 Cr, ranked 8th of 204 Specialty Chemicals companies by market cap; the shares rose 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹565.00
Day high
₹571.45
Day low
₹552.30
Prev. close
₹568.55
Volume
8.4 L

Health check

3 fair · 3 to check
  • ReturnsIn line

    +22.9% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 33.5 vs industry 22.1.

  • GrowthSteady

    Sales +3.7%, profit +51.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 21.0% vs peer median 24.4%.

  • Balance sheetStretched

    Debt 0.22× equity, interest covered 17.0×, Piotroski 3 of 9.

  • Red flags2 to check

    P/E of 33.5 against an industry P/E of 22.1.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹28,667 Cr, #8 of 204 in its industry by size.

Defensive

Beta 0.34 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹5,595 Cr · profit ₹855 Cr
Market cap
₹28,667 Cr
Small cap
P/E
33.5
Industry 22.1
Price to book
5.58
Peers 13.33
Dividend yield
0.14%
ROE
18.5%
Peers 23.0%
ROCE
21.0%
Peers 24.4%
Debt to equity
0.22
Debt ₹1,160 Cr
EPS (TTM)
₹16.97
Face value ₹1
OPM (TTM)
21.8%
Net margin 15.3%
Sales growth
+57.9%
Latest quarter vs a year ago
Profit growth
+29.6%
Latest quarter vs a year ago
Price to sales
5.12
EV/EBITDA 25.7

Strengths and risks

Strengths

  • Return on equity of 18.5%.
  • Return on capital employed of 21.0%.
  • Quarterly profit up 29.6% on a year ago.
  • Quarterly sales up 57.9% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 33.5 against an industry P/E of 22.1.
  • 31% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Himadri Speciality Chemical

Himadri Speciality Chemical Limited manufactures and sells carbon materials and chemicals in India and internationally. The company operates through Carbon Materials and Chemicals and Power segments. It offers anode materials, LFP cathodes, and recycling materials. The company also provides SDS, TDS, ASTM, lithium mining and refining, and carbon black; tyre, MRG, plastics, ink, and coatings; refined naphthalene, coal tar pitch, specialty oils, clean…

Headquarters
Kolkata
Employees
1,161
Sector
Basic Materials
ISIN
INE019C01026
Website
himadri.com

Price range

52 weeks

₹418.50₹819.50

Today

₹552.30₹571.45
Avg volume (3M)
42.2 L
1-year return
plus 22.9%
From 52-week high
minus 30.7%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
HSCLHimadri Speciality Chemical568.15minus 0.07%28,66733.529.021.0%21.8%0.223.7%plus 22.9%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
1,118–1,1841,2881,4321,691
847–8949841,1191,376
272215289304313315
24.3%–24.4%23.6%21.9%18.6%
0–0031.141.7
15.8–16.417.422.427.7
14.6–17.618.621.321.7
241–255268301307
25.6%–24.8%22.5%24.0%24.7%
182–192201230232
3.65–3.843.984.554.60

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.7%
Profit CAGR 3Y
+51.5%
EPS CAGR 3Y
+43.0%
ROE
18.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,1724,1854,5994,658
–+0.3%+9.9%+1.3%
3,7533,5493,7523,652
4196358471,006
10.0%15.2%18.4%21.6%
−13.942.951.423
4957.840.862.6
50.849.95568.2
−25.13.23.8103
2805748061,001
23.0%28.4%31.1%24.6%
216411556751
–+90.2%+35.3%+35.2%
5.139.1611.1715.02

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
43.349.349.450.5
2,2372,9963,6724,656
842605313770
556798621830
3,6784,4494,6566,306
1,6111,6141,7402,290
96.980.8216432
132477593951
20021654.3290
1,6382,0622,0532,344
3,6784,4494,6566,306

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
54405447382
−397−405−235−964
3777.2−271590
34.47.1−59.88.5
−83.2−52.7−171−450
−29.2352276−67.7
−8.4−10.8−24.7−29.6

Shareholding pattern

Source: NSE filings
52.5%
promoters
  • Promoters52.49%
  • Public47.51%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202652.49%47.51%minus 0.01
30 Jun 202652.50%47.50%0.00
31 Mar 202652.50%47.50%0.00
31 Dec 202552.50%47.50%0.00
7 Nov 202552.50%47.50%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you