Himadri Speciality Chemical Ltd.
•₹ 654.4-7.07%
2026-08-21
PROS
- Company has delivered good profit growth of 74.1% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 21.1%
- Promoters have been increasing their shareholding - up 2.3pp over 2 years
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 22.6% CAGR over last 5 years
- Operating margins have improved to 20.6% from 10.2%
CONS
- Total debt has risen sharply - up 148.3% year on year
- Equity base is being diluted - shares outstanding up 16.6%
- Growth is decelerating - 3Y profit CAGR (51.8%) trails the 5Y trend (74.1%)
- Though reporting repeated profits, the company pays out little dividend (5.4%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HSCL | 750.25 | 47.37 | 37855.68 | 0.11 | 228.43 | 27.36 | 1431.88 | 28.04 | 22.42 | 20.11 |
| 2. | PCBL | 326.85 | 49.69 | 12860.33 | 1.84 | 154.93 | 64.64 | 2473.37 | 17.00 | 12.11 | 15.99 |
| 3. | GOACARBON | 356.80 | 35.85 | 326.51 | 0.00 | -6.58 | 17.18 | 65.70 | -67.02 | -4.49 | -6.71 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 951 | 1,005 | 1,053 | 1,177 | 1,200 | 1,137 | 1,141 | 1,135 | 1,118 | 1,071 | 1,184 | 1,288 | 1,432 | |
| 817 | 847 | 879 | 997 | 1,008 | 929 | 920 | 901 | 873 | 838 | 941 | 1,046 | 1,188 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 10 | 10 | 10 | 12 | 13 | 14 | 12 | 14 | 27 | 36 | 47 | 62 | 56 |
| Interest | 13 | 16 | 21 | 14 | 13 | 11 | 12 | 9 | 16 | 15 | 16 | 17 | 22 |
| Depreciation | 12 | 12 | 13 | 13 | 13 | 13 | 15 | 14 | 15 | 17 | 18 | 19 | 21 |
| 119 | 139 | 150 | 166 | 179 | 197 | 206 | 224 | 241 | 237 | 255 | 268 | 301 | |
| Tax % | 27.57% | 27.66% | 27.55% | 30.50% | 31.28% | 31.22% | 31.43% | 30.71% | 25.64% | 25.53% | 24.76% | 22.53% | 23.99% |
| Net Profit | 0 | 0 | 0 | 0 | 123 | 136 | 141 | 155 | 179 | 176 | 192 | 208 | 228 |
| 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 0 | |
| Equity Capital | 44 | 44 | 44 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 50 | 50 | 50 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 44 | 44 | 44 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 50 | 50 | 50 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 951
- 817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 13
- Depreciation
- 12
- 119
- Tax %
- 27.57%
- Net Profit
- 0
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,005
- 847
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 16
- Depreciation
- 12
- 139
- Tax %
- 27.66%
- Net Profit
- 0
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,053
- 879
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 21
- Depreciation
- 13
- 150
- Tax %
- 27.55%
- Net Profit
- 0
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,177
- 997
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 14
- Depreciation
- 13
- 166
- Tax %
- 30.50%
- Net Profit
- 0
- 2
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,200
- 1,008
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 13
- Depreciation
- 13
- 179
- Tax %
- 31.28%
- Net Profit
- 123
- 2
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,137
- 929
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 11
- Depreciation
- 13
- 197
- Tax %
- 31.22%
- Net Profit
- 136
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,141
- 920
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 12
- Depreciation
- 15
- 206
- Tax %
- 31.43%
- Net Profit
- 141
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,135
- 901
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 9
- Depreciation
- 14
- 224
- Tax %
- 30.71%
- Net Profit
- 155
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,118
- 873
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 16
- Depreciation
- 15
- 241
- Tax %
- 25.64%
- Net Profit
- 179
- 4
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,071
- 838
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 15
- Depreciation
- 17
- 237
- Tax %
- 25.53%
- Net Profit
- 176
- 4
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,184
- 941
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 16
- Depreciation
- 18
- 255
- Tax %
- 24.76%
- Net Profit
- 192
- 4
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,288
- 1,046
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 17
- Depreciation
- 19
- 268
- Tax %
- 22.53%
- Net Profit
- 208
- 4
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,432
- 1,188
- Operating Profit
- —
- OPM %
- —
- Other Income
- 56
- Interest
- 22
- Depreciation
- 21
- 301
- Tax %
- 23.99%
- Net Profit
- 228
- 0
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,343 | 2,022 | 2,422 | 1,806 | 1,679 | 2,791 | 4,172 | 4,185 | 4,613 | 4,661 | 4,974 | |
| 1,110 | 1,569 | 1,863 | 1,525 | 1,549 | 2,635 | 3,773 | 3,550 | 3,766 | 3,699 | 4,013 | |
| Operating Profit | 239 | 465 | 568 | 288 | 145 | 163 | 427 | 688 | 906 | 1,133 | — |
| OPM % | 18 | 23 | 23 | 16 | 9 | 6 | 10 | 16 | 20 | 24 | — |
| Other Income | 6 | 12 | 8 | 8 | 14 | 7 | 28 | 52 | 59 | 171 | 201 |
| Interest | 82 | 70 | 71 | 55 | 33 | 36 | 66 | 64 | 45 | 64 | 71 |
| Depreciation | 33 | 33 | 34 | 39 | 47 | 50 | 51 | 50 | 55 | 68 | 75 |
| 125 | 361 | 462 | 194 | 65 | 53 | 280 | 574 | 806 | 1,001 | 1,060 | |
| Tax % | 34 | 31 | 30 | -6 | 27 | 27 | 23 | 28 | 31 | 25 | 24 |
| Net Profit | 82 | 248 | 324 | 205 | 47 | 39 | 216 | 411 | 555 | 755 | 804 |
| EPS | 2 | 6 | 8 | 5 | 1 | 1 | 5 | 8 | 11 | 15 | — |
| Dividend Payout % | 5 | 2 | 2 | 3 | 13 | 20 | 5 | 6 | 5 | 5 | — |
| Minority Interest | 0 | -0 | 0 | 0 | 0 | 2 | 0 | 0 | 1 | -4 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 6 | 8 | 5 | 1 | 1 | 5 | 8 | 11 | 15 | — |
| Minority Interest | 0 | -0 | 0 | 0 | 0 | 2 | 0 | 0 | 1 | -4 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 6 | 8 | 5 | 1 | 1 | 5 | 8 | 11 | 15 | — |
Mar 2017
- 1,343
- 1,110
- Operating Profit
- 239
- OPM %
- 18
- Other Income
- 6
- Interest
- 82
- Depreciation
- 33
- 125
- Tax %
- 34
- Net Profit
- 82
- EPS
- 2
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 2,022
- 1,569
- Operating Profit
- 465
- OPM %
- 23
- Other Income
- 12
- Interest
- 70
- Depreciation
- 33
- 361
- Tax %
- 31
- Net Profit
- 248
- EPS
- 6
- Dividend Payout %
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2019
- 2,422
- 1,863
- Operating Profit
- 568
- OPM %
- 23
- Other Income
- 8
- Interest
- 71
- Depreciation
- 34
- 462
- Tax %
- 30
- Net Profit
- 324
- EPS
- 8
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2020
- 1,806
- 1,525
- Operating Profit
- 288
- OPM %
- 16
- Other Income
- 8
- Interest
- 55
- Depreciation
- 39
- 194
- Tax %
- -6
- Net Profit
- 205
- EPS
- 5
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 1,679
- 1,549
- Operating Profit
- 145
- OPM %
- 9
- Other Income
- 14
- Interest
- 33
- Depreciation
- 47
- 65
- Tax %
- 27
- Net Profit
- 47
- EPS
- 1
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 2,791
- 2,635
- Operating Profit
- 163
- OPM %
- 6
- Other Income
- 7
- Interest
- 36
- Depreciation
- 50
- 53
- Tax %
- 27
- Net Profit
- 39
- EPS
- 1
- Dividend Payout %
- 20
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 4,172
- 3,773
- Operating Profit
- 427
- OPM %
- 10
- Other Income
- 28
- Interest
- 66
- Depreciation
- 51
- 280
- Tax %
- 23
- Net Profit
- 216
- EPS
- 5
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 4,185
- 3,550
- Operating Profit
- 688
- OPM %
- 16
- Other Income
- 52
- Interest
- 64
- Depreciation
- 50
- 574
- Tax %
- 28
- Net Profit
- 411
- EPS
- 8
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 4,613
- 3,766
- Operating Profit
- 906
- OPM %
- 20
- Other Income
- 59
- Interest
- 45
- Depreciation
- 55
- 806
- Tax %
- 31
- Net Profit
- 555
- EPS
- 11
- Dividend Payout %
- 5
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2026
- 4,661
- 3,699
- Operating Profit
- 1,133
- OPM %
- 24
- Other Income
- 171
- Interest
- 64
- Depreciation
- 68
- 1,001
- Tax %
- 25
- Net Profit
- 755
- EPS
- 15
- Dividend Payout %
- 5
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 15
TTM
- 4,974
- 4,013
- Operating Profit
- —
- OPM %
- —
- Other Income
- 201
- Interest
- 71
- Depreciation
- 75
- 1,060
- Tax %
- 24
- Net Profit
- 804
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 23%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 74%
- 3 Years:
- 52%
STOCK PRICE CAGR
- 10 Years:
- 34%
- 5 Years:
- 74%
- 3 Years:
- 57%
- 1 Year:
- 47%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 13%
- 3 Years:
- 17%
- Last Year:
- 18%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 43 | 49 | 49 | 50 |
| 988 | 1,372 | 1,587 | 1,689 | 1,747 | 1,822 | 2,131 | 2,995 | 3,587 | 4,656 | |
| 387 | 429 | 288 | 482 | 635 | 485 | 788 | 566 | 305 | 760 | |
| Trade Payables | 178 | 146 | 441 | 229 | 153 | 779 | 346 | 570 | 239 | 375 |
| 588 | 577 | 667 | 354 | 460 | 586 | 678 | 668 | 919 | 681 | |
| Total Liabilities | 2,182 | 2,565 | 3,025 | 2,797 | 3,037 | 3,714 | 3,986 | 4,848 | 5,100 | 6,523 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,174 | 1,178 | 1,170 | 1,475 | 1,468 | 1,546 | 1,515 | 1,534 | 1,605 | 1,942 | |
| Capital Work in Progress | 13 | 22 | 133 | 158 | 160 | 77 | 94 | 67 | 185 | 372 |
| 87 | 273 | 179 | 47 | 66 | 113 | 132 | 478 | 582 | 1,060 | |
| 396 | 420 | 543 | 405 | 339 | 772 | 544 | 703 | 585 | 763 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656 | 633 | 696 | |
| Cash & Bank | 37 | 34 | 51 | 47 | 138 | 265 | 625 | 731 | 672 | 735 |
| 476 | 638 | 947 | 665 | 867 | 942 | 1,076 | 681 | 838 | 955 | |
| Total Assets | 2,182 | 2,565 | 3,025 | 2,797 | 3,037 | 3,714 | 3,986 | 4,848 | 5,100 | 6,523 |
| Total Debt | 774 | 660 | 476 | 505 | 719 | 578 | 836 | 600 | 309 | 767 |
| Net Working Capital | 107 | 195 | 317 | 94 | 206 | 256 | 637 | 1,104 | 1,546 | 1,587 |
| Contingent Liabilities | 108 | 134 | 177 | 167 | 151 | 152 | 135 | 56 | 51 | 34 |
| Book Value per Share | 24.61 | 33.78 | 38.92 | 41.33 | 42.71 | 44.49 | 50.24 | 61.80 | 73.65 | 93.28 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 774 | 660 | 476 | 505 | 719 | 578 | 836 | 600 | 309 | 767 |
| Net Working Capital | 107 | 195 | 317 | 94 | 206 | 256 | 637 | 1,104 | 1,546 | 1,587 |
| Contingent Liabilities | 108 | 134 | 177 | 167 | 151 | 152 | 135 | 56 | 51 | 34 |
| Book Value per Share | 24.61 | 33.78 | 38.92 | 41.33 | 42.71 | 44.49 | 50.24 | 61.80 | 73.65 | 93.28 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 42
- 988
- 387
- Trade Payables
- 178
- 588
- Total Liabilities
- 2,182
- 1,174
- Capital Work in Progress
- 13
- 87
- 396
- 0
- Cash & Bank
- 37
- 476
- Total Assets
- 2,182
- Total Debt
- 774
- Net Working Capital
- 107
- Contingent Liabilities
- 108
- Book Value per Share
- 24.61
- Face Value
- 1.00
- Total Debt
- 774
- Net Working Capital
- 107
- Contingent Liabilities
- 108
- Book Value per Share
- 24.61
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 42
- 1,372
- 429
- Trade Payables
- 146
- 577
- Total Liabilities
- 2,565
- 1,178
- Capital Work in Progress
- 22
- 273
- 420
- 0
- Cash & Bank
- 34
- 638
- Total Assets
- 2,565
- Total Debt
- 660
- Net Working Capital
- 195
- Contingent Liabilities
- 134
- Book Value per Share
- 33.78
- Face Value
- 1.00
- Total Debt
- 660
- Net Working Capital
- 195
- Contingent Liabilities
- 134
- Book Value per Share
- 33.78
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 42
- 1,587
- 288
- Trade Payables
- 441
- 667
- Total Liabilities
- 3,025
- 1,170
- Capital Work in Progress
- 133
- 179
- 543
- 0
- Cash & Bank
- 51
- 947
- Total Assets
- 3,025
- Total Debt
- 476
- Net Working Capital
- 317
- Contingent Liabilities
- 177
- Book Value per Share
- 38.92
- Face Value
- 1.00
- Total Debt
- 476
- Net Working Capital
- 317
- Contingent Liabilities
- 177
- Book Value per Share
- 38.92
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 42
- 1,689
- 482
- Trade Payables
- 229
- 354
- Total Liabilities
- 2,797
- 1,475
- Capital Work in Progress
- 158
- 47
- 405
- 0
- Cash & Bank
- 47
- 665
- Total Assets
- 2,797
- Total Debt
- 505
- Net Working Capital
- 94
- Contingent Liabilities
- 167
- Book Value per Share
- 41.33
- Face Value
- 1.00
- Total Debt
- 505
- Net Working Capital
- 94
- Contingent Liabilities
- 167
- Book Value per Share
- 41.33
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 42
- 1,747
- 635
- Trade Payables
- 153
- 460
- Total Liabilities
- 3,037
- 1,468
- Capital Work in Progress
- 160
- 66
- 339
- 0
- Cash & Bank
- 138
- 867
- Total Assets
- 3,037
- Total Debt
- 719
- Net Working Capital
- 206
- Contingent Liabilities
- 151
- Book Value per Share
- 42.71
- Face Value
- 1.00
- Total Debt
- 719
- Net Working Capital
- 206
- Contingent Liabilities
- 151
- Book Value per Share
- 42.71
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 42
- 1,822
- 485
- Trade Payables
- 779
- 586
- Total Liabilities
- 3,714
- 1,546
- Capital Work in Progress
- 77
- 113
- 772
- 0
- Cash & Bank
- 265
- 942
- Total Assets
- 3,714
- Total Debt
- 578
- Net Working Capital
- 256
- Contingent Liabilities
- 152
- Book Value per Share
- 44.49
- Face Value
- 1.00
- Total Debt
- 578
- Net Working Capital
- 256
- Contingent Liabilities
- 152
- Book Value per Share
- 44.49
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 43
- 2,131
- 788
- Trade Payables
- 346
- 678
- Total Liabilities
- 3,986
- 1,515
- Capital Work in Progress
- 94
- 132
- 544
- 0
- Cash & Bank
- 625
- 1,076
- Total Assets
- 3,986
- Total Debt
- 836
- Net Working Capital
- 637
- Contingent Liabilities
- 135
- Book Value per Share
- 50.24
- Face Value
- 1.00
- Total Debt
- 836
- Net Working Capital
- 637
- Contingent Liabilities
- 135
- Book Value per Share
- 50.24
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 49
- 2,995
- 566
- Trade Payables
- 570
- 668
- Total Liabilities
- 4,848
- 1,534
- Capital Work in Progress
- 67
- 478
- 703
- 656
- Cash & Bank
- 731
- 681
- Total Assets
- 4,848
- Total Debt
- 600
- Net Working Capital
- 1,104
- Contingent Liabilities
- 56
- Book Value per Share
- 61.80
- Face Value
- 1.00
- Total Debt
- 600
- Net Working Capital
- 1,104
- Contingent Liabilities
- 56
- Book Value per Share
- 61.80
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 49
- 3,587
- 305
- Trade Payables
- 239
- 919
- Total Liabilities
- 5,100
- 1,605
- Capital Work in Progress
- 185
- 582
- 585
- 633
- Cash & Bank
- 672
- 838
- Total Assets
- 5,100
- Total Debt
- 309
- Net Working Capital
- 1,546
- Contingent Liabilities
- 51
- Book Value per Share
- 73.65
- Face Value
- 1.00
- Total Debt
- 309
- Net Working Capital
- 1,546
- Contingent Liabilities
- 51
- Book Value per Share
- 73.65
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 50
- 4,656
- 760
- Trade Payables
- 375
- 681
- Total Liabilities
- 6,523
- 1,942
- Capital Work in Progress
- 372
- 1,060
- 763
- 696
- Cash & Bank
- 735
- 955
- Total Assets
- 6,523
- Total Debt
- 767
- Net Working Capital
- 1,587
- Contingent Liabilities
- 34
- Book Value per Share
- 93.28
- Face Value
- 1.00
- Total Debt
- 767
- Net Working Capital
- 1,587
- Contingent Liabilities
- 34
- Book Value per Share
- 93.28
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 205 | 258 | 476 | 283 | -40 | 331 | 54 | 405 | 447 | 382 | |
| Cash from Investing | 18 | -50 | -224 | -214 | -114 | -28 | -397 | -405 | -235 | -964 |
| Cash from Financing | -233 | -200 | -257 | -41 | 165 | -182 | 377 | 7 | -271 | 590 |
| -10 | 8 | -6 | 28 | 11 | 121 | 34 | 7 | -60 | 8 | |
| Free Cash Flow | 199 | 210 | 338 | -87 | -82 | 261 | 33 | 367 | 201 | -221 |
| OCF / Net Profit | 2.49 | 1.04 | 1.47 | 1.38 | -0.85 | 8.47 | 0.25 | 0.99 | 0.81 | 0.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 577 | 639 | 463 | 491 | 779 | 640 |
| OCF / Net Profit | 2.49 | 1.04 | 1.47 | 1.38 | -0.85 | 8.47 | 0.25 | 0.99 | 0.81 | 0.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 577 | 639 | 463 | 491 | 779 | 640 |
Mar 2017
- 205
- Cash from Investing
- 18
- Cash from Financing
- -233
- -10
- Free Cash Flow
- 199
- OCF / Net Profit
- 2.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.49
- Cumulative 5-Year FCF
- 0
Mar 2018
- 258
- Cash from Investing
- -50
- Cash from Financing
- -200
- 8
- Free Cash Flow
- 210
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 0
Mar 2019
- 476
- Cash from Investing
- -224
- Cash from Financing
- -257
- -6
- Free Cash Flow
- 338
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- 0
Mar 2020
- 283
- Cash from Investing
- -214
- Cash from Financing
- -41
- 28
- Free Cash Flow
- -87
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- 0
Mar 2021
- -40
- Cash from Investing
- -114
- Cash from Financing
- 165
- 11
- Free Cash Flow
- -82
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 577
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- 577
Mar 2022
- 331
- Cash from Investing
- -28
- Cash from Financing
- -182
- 121
- Free Cash Flow
- 261
- OCF / Net Profit
- 8.47
- Cumulative 5-Year FCF
- 639
- OCF / Net Profit
- 8.47
- Cumulative 5-Year FCF
- 639
Mar 2023
- 54
- Cash from Investing
- -397
- Cash from Financing
- 377
- 34
- Free Cash Flow
- 33
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 463
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 463
Mar 2024
- 405
- Cash from Investing
- -405
- Cash from Financing
- 7
- 7
- Free Cash Flow
- 367
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 491
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 491
Mar 2025
- 447
- Cash from Investing
- -235
- Cash from Financing
- -271
- -60
- Free Cash Flow
- 201
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 779
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 779
Mar 2026
- 382
- Cash from Investing
- -964
- Cash from Financing
- 590
- 8
- Free Cash Flow
- -221
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 640
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 640
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.98 | 5.91 | 7.75 | 4.91 | 1.13 | 0.98 | 4.99 | 8.34 | 11.25 | 14.89 |
| Book Value (₹) | 24.61 | 33.78 | 38.92 | 41.33 | 42.71 | 44.49 | 50.24 | 61.80 | 73.65 | 93.28 |
| Dividend per Share (₹) | 0.10 | 0.10 | 0.15 | 0.15 | 0.15 | 0.20 | 0.25 | 0.50 | 0.60 | 0.80 |
| Cash EPS (₹) | 2.75 | 6.71 | 8.57 | 5.84 | 2.25 | 2.11 | 6.16 | 9.35 | 12.35 | 16.32 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.04% | 22.43% | 23.43% | 15.97% | 8.63% | 5.85% | 10.24% | 15.18% | 18.36% | 20.64% |
| Net Margin % | 5.53% | 11.95% | 13.38% | 11.37% | 2.81% | 1.40% | 5.17% | 9.81% | 12.03% | 16.20% |
| ROE % | 8.64% | 20.27% | 21.31% | 12.22% | 2.69% | 2.14% | 10.69% | 15.74% | 16.62% | 18.10% |
| ROCE % | 11.56% | 22.25% | 25.49% | 11.46% | 4.13% | 3.59% | 12.45% | 18.86% | 22.17% | 22.42% |
| 3.84% | 10.43% | 11.60% | 7.06% | 1.62% | 1.16% | 5.61% | 9.30% | 11.16% | 12.99% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 52 | 43 | 48 | 67 | 83 | 63 | 44 | 51 | 51 | 52 |
| Inventory Days | 88 | 72 | 73 | 96 | 81 | 73 | 58 | 54 | 51 | 53 |
| Payable Days | 61 | 44 | 26 | 23 | 33 | 40 | 39 | 55 | 46 | 39 |
| 79 | 71 | 95 | 140 | 131 | 95 | 63 | 50 | 55 | 66 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.75x | 0.47x | 0.29x | 0.29x | 0.40x | 0.31x | 0.38x | 0.20x | 0.08x | 0.16x |
| Interest Coverage (x) | 2.53x | 6.12x | 7.50x | 4.54x | 2.93x | 2.50x | 5.24x | 9.99x | 19.01x | 16.55x |
| 1.15x | 1.26x | 1.34x | 1.13x | 1.25x | 1.18x | 1.49x | 1.85x | 3.10x | 2.09x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 13.48% | 50.52% | 19.83% | -25.45% | -7.00% | 66.20% | 49.46% | 0.31% | 10.22% | 1.04% |
| Operating Profit Growth % | 54.53% | 94.39% | 22.16% | -49.21% | -49.72% | 12.63% | 161.61% | 60.96% | 31.75% | 25.11% |
| Net Profit Growth % | 534.88% | 200.34% | 30.95% | -36.66% | -76.98% | -17.37% | 452.71% | 90.25% | 35.17% | 36.02% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 67.07% | 34.94% | 32.34% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 36.17x | 37.68x | 29.64x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.88x | 5.76x | 4.73x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.14% | 0.18% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 21.42x | 22.71x | 19.68x |
Mar 2017
- EPS (₹)
- 1.98
- Book Value (₹)
- 24.61
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 2.75
- Operating Margin %
- 16.04%
- Net Margin %
- 5.53%
- ROE %
- 8.64%
- ROCE %
- 11.56%
- 3.84%
- Debtor Days
- 52
- Inventory Days
- 88
- Payable Days
- 61
- 79
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 2.53x
- 1.15x
- Revenue Growth %
- 13.48%
- Operating Profit Growth %
- 54.53%
- Net Profit Growth %
- 534.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 5.91
- Book Value (₹)
- 33.78
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 6.71
- Operating Margin %
- 22.43%
- Net Margin %
- 11.95%
- ROE %
- 20.27%
- ROCE %
- 22.25%
- 10.43%
- Debtor Days
- 43
- Inventory Days
- 72
- Payable Days
- 44
- 71
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 6.12x
- 1.26x
- Revenue Growth %
- 50.52%
- Operating Profit Growth %
- 94.39%
- Net Profit Growth %
- 200.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.75
- Book Value (₹)
- 38.92
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 8.57
- Operating Margin %
- 23.43%
- Net Margin %
- 13.38%
- ROE %
- 21.31%
- ROCE %
- 25.49%
- 11.60%
- Debtor Days
- 48
- Inventory Days
- 73
- Payable Days
- 26
- 95
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 7.50x
- 1.34x
- Revenue Growth %
- 19.83%
- Operating Profit Growth %
- 22.16%
- Net Profit Growth %
- 30.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 4.91
- Book Value (₹)
- 41.33
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 5.84
- Operating Margin %
- 15.97%
- Net Margin %
- 11.37%
- ROE %
- 12.22%
- ROCE %
- 11.46%
- 7.06%
- Debtor Days
- 67
- Inventory Days
- 96
- Payable Days
- 23
- 140
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 4.54x
- 1.13x
- Revenue Growth %
- -25.45%
- Operating Profit Growth %
- -49.21%
- Net Profit Growth %
- -36.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.13
- Book Value (₹)
- 42.71
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 2.25
- Operating Margin %
- 8.63%
- Net Margin %
- 2.81%
- ROE %
- 2.69%
- ROCE %
- 4.13%
- 1.62%
- Debtor Days
- 83
- Inventory Days
- 81
- Payable Days
- 33
- 131
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 2.93x
- 1.25x
- Revenue Growth %
- -7.00%
- Operating Profit Growth %
- -49.72%
- Net Profit Growth %
- -76.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.98
- Book Value (₹)
- 44.49
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 2.11
- Operating Margin %
- 5.85%
- Net Margin %
- 1.40%
- ROE %
- 2.14%
- ROCE %
- 3.59%
- 1.16%
- Debtor Days
- 63
- Inventory Days
- 73
- Payable Days
- 40
- 95
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 2.50x
- 1.18x
- Revenue Growth %
- 66.20%
- Operating Profit Growth %
- 12.63%
- Net Profit Growth %
- -17.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.99
- Book Value (₹)
- 50.24
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 6.16
- Operating Margin %
- 10.24%
- Net Margin %
- 5.17%
- ROE %
- 10.69%
- ROCE %
- 12.45%
- 5.61%
- Debtor Days
- 44
- Inventory Days
- 58
- Payable Days
- 39
- 63
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 5.24x
- 1.49x
- Revenue Growth %
- 49.46%
- Operating Profit Growth %
- 161.61%
- Net Profit Growth %
- 452.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 8.34
- Book Value (₹)
- 61.80
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 9.35
- Operating Margin %
- 15.18%
- Net Margin %
- 9.81%
- ROE %
- 15.74%
- ROCE %
- 18.86%
- 9.30%
- Debtor Days
- 51
- Inventory Days
- 54
- Payable Days
- 55
- 50
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 9.99x
- 1.85x
- Revenue Growth %
- 0.31%
- Operating Profit Growth %
- 60.96%
- Net Profit Growth %
- 90.25%
- 67.07%
- P/E (x)
- 36.17x
- P/B (x)
- 4.88x
- Dividend Yield %
- 0.17%
- 21.42x
Mar 2025
- EPS (₹)
- 11.25
- Book Value (₹)
- 73.65
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 12.35
- Operating Margin %
- 18.36%
- Net Margin %
- 12.03%
- ROE %
- 16.62%
- ROCE %
- 22.17%
- 11.16%
- Debtor Days
- 51
- Inventory Days
- 51
- Payable Days
- 46
- 55
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 19.01x
- 3.10x
- Revenue Growth %
- 10.22%
- Operating Profit Growth %
- 31.75%
- Net Profit Growth %
- 35.17%
- 34.94%
- P/E (x)
- 37.68x
- P/B (x)
- 5.76x
- Dividend Yield %
- 0.14%
- 22.71x
Mar 2026
- EPS (₹)
- 14.89
- Book Value (₹)
- 93.28
- Dividend per Share (₹)
- 0.80
- Cash EPS (₹)
- 16.32
- Operating Margin %
- 20.64%
- Net Margin %
- 16.20%
- ROE %
- 18.10%
- ROCE %
- 22.42%
- 12.99%
- Debtor Days
- 52
- Inventory Days
- 53
- Payable Days
- 39
- 66
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 16.55x
- 2.09x
- Revenue Growth %
- 1.04%
- Operating Profit Growth %
- 25.11%
- Net Profit Growth %
- 36.02%
- 32.34%
- P/E (x)
- 29.64x
- P/B (x)
- 4.73x
- Dividend Yield %
- 0.18%
- 19.68x
Documents
Announcements
- ESOP/ESOS/ESPS
2026-08-10 - Himadri Speciality Chemical Limited has informed the Exchange regarding Allotment of 13576 Shares.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-21 - Himadri Speciality Chemical Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2026-07-10 - Himadri Speciality Chemical Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-05-13 - Himadri Speciality Chemical Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-03-20 - Himadri Speciality Chemical Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Apr 2026