Himadri Speciality Chemical Ltd.
•₹ 654.4-7.07%
2026-08-21
PROS
- Company has delivered good profit growth of 74.2% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 21.5%
- Promoters have been increasing their shareholding - up 2.3pp over 2 years
- Operating margins have improved to 21.2% from 10.0%
- Company has delivered good sales growth of 21.3% CAGR over last 5 years
CONS
- Receivables are growing faster than sales - a possible quality concern
- Total debt has risen sharply - up 134.5% year on year
- Equity base is being diluted - shares outstanding up 16.6%
- Growth is decelerating - 3Y profit CAGR (53.4%) trails the 5Y trend (74.2%)
- 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 | 703.65 | 44.43 | 35504.36 | 0.11 | 228.43 | 27.36 | 1431.88 | 28.04 | 22.42 | 20.11 |
| 2. | PCBL | 319.75 | 48.61 | 12580.97 | 1.88 | 154.93 | 64.64 | 2473.37 | 17.00 | 12.11 | 15.99 |
| 3. | GOACARBON | 356.05 | 35.78 | 325.82 | 0.00 | -6.58 | 17.18 | 65.70 | -67.02 | -4.49 | -6.71 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 1,135 | 1,132 | 1,129 | 1,100 | 1,070 | 1,133 | 1,101 | 1,274 | |
| 816 | 847 | 880 | 1,000 | 1,008 | 929 | 913 | 895 | 857 | 833 | 894 | 887 | 1,039 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 10 | 10 | 10 | 12 | 13 | 13 | 12 | 13 | 28 | 38 | 48 | 62 | 58 |
| Interest | 13 | 16 | 21 | 14 | 13 | 11 | 12 | 9 | 14 | 13 | 15 | 16 | 21 |
| Depreciation | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 16 | 16 | 17 | 19 |
| 120 | 139 | 149 | 164 | 179 | 196 | 206 | 227 | 244 | 247 | 257 | 243 | 294 | |
| Tax % | 27.22% | 27.57% | 27.72% | 30.21% | 31.13% | 31.35% | 31.03% | 30.26% | 25.21% | 24.40% | 24.24% | 23.67% | 24.02% |
| Net Profit | 88 | 101 | 108 | 115 | 123 | 134 | 142 | 158 | 183 | 187 | 195 | 186 | 223 |
| 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
- 816
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 13
- Depreciation
- 12
- 120
- Tax %
- 27.22%
- Net Profit
- 88
- 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 %
- 27.57%
- Net Profit
- 101
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,053
- 880
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 21
- Depreciation
- 12
- 149
- Tax %
- 27.72%
- Net Profit
- 108
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,177
- 1,000
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 14
- Depreciation
- 12
- 164
- Tax %
- 30.21%
- Net Profit
- 115
- 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
- 12
- 179
- Tax %
- 31.13%
- Net Profit
- 123
- 2
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,135
- 929
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 11
- Depreciation
- 12
- 196
- Tax %
- 31.35%
- Net Profit
- 134
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,132
- 913
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 12
- Depreciation
- 12
- 206
- Tax %
- 31.03%
- Net Profit
- 142
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,129
- 895
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 9
- Depreciation
- 12
- 227
- Tax %
- 30.26%
- Net Profit
- 158
- 3
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,100
- 857
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 14
- Depreciation
- 13
- 244
- Tax %
- 25.21%
- Net Profit
- 183
- 4
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,070
- 833
- Operating Profit
- —
- OPM %
- —
- Other Income
- 38
- Interest
- 13
- Depreciation
- 16
- 247
- Tax %
- 24.40%
- Net Profit
- 187
- 4
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 49
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,133
- 894
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 15
- Depreciation
- 16
- 257
- Tax %
- 24.24%
- Net Profit
- 195
- 4
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,101
- 887
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 16
- Depreciation
- 17
- 243
- Tax %
- 23.67%
- Net Profit
- 186
- 4
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,274
- 1,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 21
- Depreciation
- 19
- 294
- Tax %
- 24.02%
- Net Profit
- 223
- 0
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 50
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,324 | 1,971 | 2,377 | 1,803 | 1,679 | 2,791 | 4,172 | 4,185 | 4,596 | 4,405 | 4,579 | |
| 1,097 | 1,521 | 1,838 | 1,520 | 1,552 | 2,637 | 3,783 | 3,553 | 3,752 | 3,471 | 3,653 | |
| Operating Profit | 235 | 458 | 552 | 289 | 141 | 161 | 416 | 685 | 902 | 1,111 | — |
| OPM % | 18 | 23 | 23 | 16 | 8 | 6 | 10 | 16 | 20 | 25 | — |
| Other Income | 8 | 8 | 14 | 5 | 14 | 7 | 28 | 52 | 58 | 176 | 207 |
| Interest | 80 | 70 | 71 | 55 | 33 | 35 | 66 | 64 | 45 | 58 | 65 |
| Depreciation | 31 | 31 | 33 | 37 | 44 | 47 | 49 | 48 | 50 | 61 | 67 |
| 123 | 356 | 449 | 70 | 64 | 79 | 272 | 573 | 808 | 991 | 1,041 | |
| Tax % | 34 | 32 | 31 | -16 | 27 | 18 | 24 | 28 | 31 | 24 | 24 |
| Net Profit | 81 | 243 | 311 | 81 | 47 | 65 | 208 | 411 | 558 | 750 | 791 |
| EPS | 2 | 6 | 7 | 2 | 1 | 2 | 5 | 8 | 11 | 15 | — |
| Dividend Payout % | 5 | 2 | 2 | 8 | 13 | 13 | 5 | 6 | 5 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 6 | 7 | 2 | 1 | 2 | 5 | 8 | 11 | 15 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 6 | 7 | 2 | 1 | 2 | 5 | 8 | 11 | 15 | — |
Mar 2017
- 1,324
- 1,097
- Operating Profit
- 235
- OPM %
- 18
- Other Income
- 8
- Interest
- 80
- Depreciation
- 31
- 123
- Tax %
- 34
- Net Profit
- 81
- 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
- 1,971
- 1,521
- Operating Profit
- 458
- OPM %
- 23
- Other Income
- 8
- Interest
- 70
- Depreciation
- 31
- 356
- Tax %
- 32
- Net Profit
- 243
- 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
- 2,377
- 1,838
- Operating Profit
- 552
- OPM %
- 23
- Other Income
- 14
- Interest
- 71
- Depreciation
- 33
- 449
- Tax %
- 31
- Net Profit
- 311
- EPS
- 7
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2020
- 1,803
- 1,520
- Operating Profit
- 289
- OPM %
- 16
- Other Income
- 5
- Interest
- 55
- Depreciation
- 37
- 70
- Tax %
- -16
- Net Profit
- 81
- EPS
- 2
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 1,679
- 1,552
- Operating Profit
- 141
- OPM %
- 8
- Other Income
- 14
- Interest
- 33
- Depreciation
- 44
- 64
- 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
- 2,637
- Operating Profit
- 161
- OPM %
- 6
- Other Income
- 7
- Interest
- 35
- Depreciation
- 47
- 79
- Tax %
- 18
- Net Profit
- 65
- EPS
- 2
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 4,172
- 3,783
- Operating Profit
- 416
- OPM %
- 10
- Other Income
- 28
- Interest
- 66
- Depreciation
- 49
- 272
- Tax %
- 24
- Net Profit
- 208
- 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
- 3,553
- Operating Profit
- 685
- OPM %
- 16
- Other Income
- 52
- Interest
- 64
- Depreciation
- 48
- 573
- 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
- 4,596
- 3,752
- Operating Profit
- 902
- OPM %
- 20
- Other Income
- 58
- Interest
- 45
- Depreciation
- 50
- 808
- Tax %
- 31
- Net Profit
- 558
- EPS
- 11
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2026
- 4,405
- 3,471
- Operating Profit
- 1,111
- OPM %
- 25
- Other Income
- 176
- Interest
- 58
- Depreciation
- 61
- 991
- Tax %
- 24
- Net Profit
- 750
- EPS
- 15
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
TTM
- 4,579
- 3,653
- Operating Profit
- —
- OPM %
- —
- Other Income
- 207
- Interest
- 65
- Depreciation
- 67
- 1,041
- Tax %
- 24
- Net Profit
- 791
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 21%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 74%
- 3 Years:
- 53%
STOCK PRICE CAGR
- 10 Years:
- 34%
- 5 Years:
- 71%
- 3 Years:
- 53%
- 1 Year:
- 37%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 13%
- 3 Years:
- 17%
- Last Year:
- 18%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,036 | 1,413 | 1,636 | 1,606 | 1,663 | 1,758 | 2,066 | 2,931 | 3,513 | 4,572 | |
| 367 | 429 | 288 | 482 | 635 | 485 | 788 | 566 | 305 | 718 | |
| Trade Payables | 149 | 118 | 411 | 212 | 149 | 774 | 341 | 545 | 235 | 361 |
| 572 | 560 | 649 | 349 | 455 | 584 | 676 | 667 | 863 | 601 | |
| Total Liabilities | 2,166 | 2,562 | 3,027 | 2,691 | 2,944 | 3,643 | 3,914 | 4,757 | 4,965 | 6,302 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,103 | 1,099 | 1,097 | 1,389 | 1,380 | 1,480 | 1,452 | 1,475 | 1,465 | 1,768 | |
| Capital Work in Progress | 9 | 18 | 126 | 158 | 160 | 77 | 94 | 67 | 176 | 234 |
| 167 | 353 | 232 | 47 | 66 | 113 | 132 | 477 | 628 | 1,247 | |
| 392 | 415 | 539 | 331 | 335 | 772 | 545 | 706 | 586 | 695 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656 | 628 | 752 | |
| Cash & Bank | 36 | 31 | 47 | 42 | 135 | 263 | 623 | 726 | 670 | 711 |
| 459 | 645 | 986 | 724 | 868 | 938 | 1,068 | 651 | 812 | 895 | |
| Total Assets | 2,166 | 2,562 | 3,027 | 2,691 | 2,944 | 3,643 | 3,914 | 4,757 | 4,965 | 6,302 |
| Total Debt | 754 | 660 | 476 | 505 | 719 | 578 | 836 | 600 | 308 | 722 |
| Net Working Capital | 144 | 210 | 332 | 93 | 205 | 256 | 635 | 1,098 | 1,525 | 1,437 |
| Contingent Liabilities | 108 | 134 | 177 | 167 | 151 | 152 | 135 | 56 | 51 | 34 |
| Book Value per Share | 25.76 | 34.78 | 40.09 | 39.35 | 40.69 | 42.96 | 48.75 | 60.50 | 72.15 | 91.61 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 754 | 660 | 476 | 505 | 719 | 578 | 836 | 600 | 308 | 722 |
| Net Working Capital | 144 | 210 | 332 | 93 | 205 | 256 | 635 | 1,098 | 1,525 | 1,437 |
| Contingent Liabilities | 108 | 134 | 177 | 167 | 151 | 152 | 135 | 56 | 51 | 34 |
| Book Value per Share | 25.76 | 34.78 | 40.09 | 39.35 | 40.69 | 42.96 | 48.75 | 60.50 | 72.15 | 91.61 |
| 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
- 1,036
- 367
- Trade Payables
- 149
- 572
- Total Liabilities
- 2,166
- 1,103
- Capital Work in Progress
- 9
- 167
- 392
- 0
- Cash & Bank
- 36
- 459
- Total Assets
- 2,166
- Total Debt
- 754
- Net Working Capital
- 144
- Contingent Liabilities
- 108
- Book Value per Share
- 25.76
- Face Value
- 1.00
- Total Debt
- 754
- Net Working Capital
- 144
- Contingent Liabilities
- 108
- Book Value per Share
- 25.76
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 42
- 1,413
- 429
- Trade Payables
- 118
- 560
- Total Liabilities
- 2,562
- 1,099
- Capital Work in Progress
- 18
- 353
- 415
- 0
- Cash & Bank
- 31
- 645
- Total Assets
- 2,562
- Total Debt
- 660
- Net Working Capital
- 210
- Contingent Liabilities
- 134
- Book Value per Share
- 34.78
- Face Value
- 1.00
- Total Debt
- 660
- Net Working Capital
- 210
- Contingent Liabilities
- 134
- Book Value per Share
- 34.78
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 42
- 1,636
- 288
- Trade Payables
- 411
- 649
- Total Liabilities
- 3,027
- 1,097
- Capital Work in Progress
- 126
- 232
- 539
- 0
- Cash & Bank
- 47
- 986
- Total Assets
- 3,027
- Total Debt
- 476
- Net Working Capital
- 332
- Contingent Liabilities
- 177
- Book Value per Share
- 40.09
- Face Value
- 1.00
- Total Debt
- 476
- Net Working Capital
- 332
- Contingent Liabilities
- 177
- Book Value per Share
- 40.09
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 42
- 1,606
- 482
- Trade Payables
- 212
- 349
- Total Liabilities
- 2,691
- 1,389
- Capital Work in Progress
- 158
- 47
- 331
- 0
- Cash & Bank
- 42
- 724
- Total Assets
- 2,691
- Total Debt
- 505
- Net Working Capital
- 93
- Contingent Liabilities
- 167
- Book Value per Share
- 39.35
- Face Value
- 1.00
- Total Debt
- 505
- Net Working Capital
- 93
- Contingent Liabilities
- 167
- Book Value per Share
- 39.35
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 42
- 1,663
- 635
- Trade Payables
- 149
- 455
- Total Liabilities
- 2,944
- 1,380
- Capital Work in Progress
- 160
- 66
- 335
- 0
- Cash & Bank
- 135
- 868
- Total Assets
- 2,944
- Total Debt
- 719
- Net Working Capital
- 205
- Contingent Liabilities
- 151
- Book Value per Share
- 40.69
- Face Value
- 1.00
- Total Debt
- 719
- Net Working Capital
- 205
- Contingent Liabilities
- 151
- Book Value per Share
- 40.69
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 42
- 1,758
- 485
- Trade Payables
- 774
- 584
- Total Liabilities
- 3,643
- 1,480
- Capital Work in Progress
- 77
- 113
- 772
- 0
- Cash & Bank
- 263
- 938
- Total Assets
- 3,643
- Total Debt
- 578
- Net Working Capital
- 256
- Contingent Liabilities
- 152
- Book Value per Share
- 42.96
- Face Value
- 1.00
- Total Debt
- 578
- Net Working Capital
- 256
- Contingent Liabilities
- 152
- Book Value per Share
- 42.96
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 43
- 2,066
- 788
- Trade Payables
- 341
- 676
- Total Liabilities
- 3,914
- 1,452
- Capital Work in Progress
- 94
- 132
- 545
- 0
- Cash & Bank
- 623
- 1,068
- Total Assets
- 3,914
- Total Debt
- 836
- Net Working Capital
- 635
- Contingent Liabilities
- 135
- Book Value per Share
- 48.75
- Face Value
- 1.00
- Total Debt
- 836
- Net Working Capital
- 635
- Contingent Liabilities
- 135
- Book Value per Share
- 48.75
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 49
- 2,931
- 566
- Trade Payables
- 545
- 667
- Total Liabilities
- 4,757
- 1,475
- Capital Work in Progress
- 67
- 477
- 706
- 656
- Cash & Bank
- 726
- 651
- Total Assets
- 4,757
- Total Debt
- 600
- Net Working Capital
- 1,098
- Contingent Liabilities
- 56
- Book Value per Share
- 60.50
- Face Value
- 1.00
- Total Debt
- 600
- Net Working Capital
- 1,098
- Contingent Liabilities
- 56
- Book Value per Share
- 60.50
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 49
- 3,513
- 305
- Trade Payables
- 235
- 863
- Total Liabilities
- 4,965
- 1,465
- Capital Work in Progress
- 176
- 628
- 586
- 628
- Cash & Bank
- 670
- 812
- Total Assets
- 4,965
- Total Debt
- 308
- Net Working Capital
- 1,525
- Contingent Liabilities
- 51
- Book Value per Share
- 72.15
- Face Value
- 1.00
- Total Debt
- 308
- Net Working Capital
- 1,525
- Contingent Liabilities
- 51
- Book Value per Share
- 72.15
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 50
- 4,572
- 718
- Trade Payables
- 361
- 601
- Total Liabilities
- 6,302
- 1,768
- Capital Work in Progress
- 234
- 1,247
- 695
- 752
- Cash & Bank
- 711
- 895
- Total Assets
- 6,302
- Total Debt
- 722
- Net Working Capital
- 1,437
- Contingent Liabilities
- 34
- Book Value per Share
- 91.61
- Face Value
- 1.00
- Total Debt
- 722
- Net Working Capital
- 1,437
- Contingent Liabilities
- 34
- Book Value per Share
- 91.61
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 205 | 247 | 472 | 282 | -39 | 330 | 53 | 400 | 455 | 466 | |
| Cash from Investing | 11 | -61 | -223 | -215 | -113 | -28 | -397 | -405 | -242 | -1,051 |
| Cash from Financing | -223 | -180 | -257 | -40 | 166 | -181 | 378 | 8 | -270 | 576 |
| -7 | 6 | -8 | 28 | 13 | 121 | 35 | 3 | -56 | -9 | |
| Free Cash Flow | 190 | 211 | 333 | -79 | -76 | 267 | 34 | 357 | 306 | 45 |
| OCF / Net Profit | 2.52 | 1.02 | 1.51 | 3.48 | -0.84 | 5.07 | 0.26 | 0.97 | 0.82 | 0.62 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 579 | 656 | 479 | 503 | 888 | 1,009 |
| OCF / Net Profit | 2.52 | 1.02 | 1.51 | 3.48 | -0.84 | 5.07 | 0.26 | 0.97 | 0.82 | 0.62 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 579 | 656 | 479 | 503 | 888 | 1,009 |
Mar 2017
- 205
- Cash from Investing
- 11
- Cash from Financing
- -223
- -7
- Free Cash Flow
- 190
- OCF / Net Profit
- 2.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.52
- Cumulative 5-Year FCF
- 0
Mar 2018
- 247
- Cash from Investing
- -61
- Cash from Financing
- -180
- 6
- Free Cash Flow
- 211
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.02
- Cumulative 5-Year FCF
- 0
Mar 2019
- 472
- Cash from Investing
- -223
- Cash from Financing
- -257
- -8
- Free Cash Flow
- 333
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- 0
Mar 2020
- 282
- Cash from Investing
- -215
- Cash from Financing
- -40
- 28
- Free Cash Flow
- -79
- OCF / Net Profit
- 3.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.48
- Cumulative 5-Year FCF
- 0
Mar 2021
- -39
- Cash from Investing
- -113
- Cash from Financing
- 166
- 13
- Free Cash Flow
- -76
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- 579
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- 579
Mar 2022
- 330
- Cash from Investing
- -28
- Cash from Financing
- -181
- 121
- Free Cash Flow
- 267
- OCF / Net Profit
- 5.07
- Cumulative 5-Year FCF
- 656
- OCF / Net Profit
- 5.07
- Cumulative 5-Year FCF
- 656
Mar 2023
- 53
- Cash from Investing
- -397
- Cash from Financing
- 378
- 35
- Free Cash Flow
- 34
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 479
- OCF / Net Profit
- 0.26
- Cumulative 5-Year FCF
- 479
Mar 2024
- 400
- Cash from Investing
- -405
- Cash from Financing
- 8
- 3
- Free Cash Flow
- 357
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 503
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 503
Mar 2025
- 455
- Cash from Investing
- -242
- Cash from Financing
- -270
- -56
- Free Cash Flow
- 306
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 888
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 888
Mar 2026
- 466
- Cash from Investing
- -1,051
- Cash from Financing
- 576
- -9
- Free Cash Flow
- 45
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 1,009
- OCF / Net Profit
- 0.62
- Cumulative 5-Year FCF
- 1,009
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 1.94 | 5.80 | 7.44 | 1.93 | 1.11 | 1.55 | 4.80 | 8.34 | 11.30 | 14.86 |
| Book Value (₹) | 25.76 | 34.78 | 40.09 | 39.35 | 40.69 | 42.96 | 48.75 | 60.50 | 72.15 | 91.61 |
| 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 (₹) | 2.68 | 6.55 | 8.22 | 2.81 | 2.17 | 2.67 | 5.93 | 9.31 | 12.31 | 16.06 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 15.96% | 22.64% | 23.24% | 16.02% | 8.42% | 5.77% | 9.98% | 15.11% | 18.35% | 21.21% |
| Net Margin % | 5.52% | 12.00% | 13.10% | 4.49% | 2.78% | 2.33% | 4.98% | 9.82% | 12.14% | 17.02% |
| ROE % | 8.12% | 19.15% | 19.88% | 4.87% | 2.78% | 3.71% | 10.63% | 16.15% | 17.06% | 18.32% |
| ROCE % | 11.29% | 21.59% | 24.33% | 5.76% | 4.24% | 4.76% | 12.43% | 19.20% | 22.62% | 22.58% |
| 3.82% | 10.26% | 11.14% | 2.83% | 1.66% | 1.98% | 5.50% | 9.48% | 11.48% | 13.31% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 52 | 44 | 49 | 67 | 83 | 63 | 44 | 51 | 51 | 57 |
| Inventory Days | 88 | 73 | 73 | 88 | 72 | 72 | 58 | 55 | 51 | 53 |
| Payable Days | 49 | 37 | 19 | 16 | 29 | 40 | 38 | 53 | 45 | 39 |
| 90 | 79 | 103 | 140 | 126 | 96 | 64 | 53 | 58 | 71 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.70x | 0.45x | 0.28x | 0.31x | 0.42x | 0.32x | 0.40x | 0.20x | 0.09x | 0.16x |
| Interest Coverage (x) | 2.53x | 6.05x | 7.37x | 2.28x | 2.93x | 3.27x | 5.13x | 9.99x | 19.12x | 17.97x |
| 1.23x | 1.30x | 1.38x | 1.13x | 1.25x | 1.18x | 1.49x | 1.87x | 3.09x | 2.04x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.96% | 48.86% | 20.57% | -24.11% | -6.88% | 66.20% | 49.46% | 0.31% | 9.82% | -4.15% |
| Operating Profit Growth % | 53.68% | 94.92% | 20.67% | -47.69% | -51.06% | 13.96% | 158.38% | 64.43% | 31.74% | 23.14% |
| Net Profit Growth % | 596.05% | 198.83% | 28.37% | -74.00% | -42.36% | 39.40% | 219.40% | 97.78% | 35.79% | 34.34% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 73.73% | 35.46% | 31.47% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 36.15x | 37.51x | 29.71x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.99x | 5.88x | 4.82x |
| 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 | 21.52x | 22.81x | 20.06x |
Mar 2017
- EPS (₹)
- 1.94
- Book Value (₹)
- 25.76
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 2.68
- Operating Margin %
- 15.96%
- Net Margin %
- 5.52%
- ROE %
- 8.12%
- ROCE %
- 11.29%
- 3.82%
- Debtor Days
- 52
- Inventory Days
- 88
- Payable Days
- 49
- 90
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 2.53x
- 1.23x
- Revenue Growth %
- 14.96%
- Operating Profit Growth %
- 53.68%
- Net Profit Growth %
- 596.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 5.80
- Book Value (₹)
- 34.78
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 6.55
- Operating Margin %
- 22.64%
- Net Margin %
- 12.00%
- ROE %
- 19.15%
- ROCE %
- 21.59%
- 10.26%
- Debtor Days
- 44
- Inventory Days
- 73
- Payable Days
- 37
- 79
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 6.05x
- 1.30x
- Revenue Growth %
- 48.86%
- Operating Profit Growth %
- 94.92%
- Net Profit Growth %
- 198.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 7.44
- Book Value (₹)
- 40.09
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 8.22
- Operating Margin %
- 23.24%
- Net Margin %
- 13.10%
- ROE %
- 19.88%
- ROCE %
- 24.33%
- 11.14%
- Debtor Days
- 49
- Inventory Days
- 73
- Payable Days
- 19
- 103
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 7.37x
- 1.38x
- Revenue Growth %
- 20.57%
- Operating Profit Growth %
- 20.67%
- Net Profit Growth %
- 28.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.93
- Book Value (₹)
- 39.35
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 2.81
- Operating Margin %
- 16.02%
- Net Margin %
- 4.49%
- ROE %
- 4.87%
- ROCE %
- 5.76%
- 2.83%
- Debtor Days
- 67
- Inventory Days
- 88
- Payable Days
- 16
- 140
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 2.28x
- 1.13x
- Revenue Growth %
- -24.11%
- Operating Profit Growth %
- -47.69%
- Net Profit Growth %
- -74.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.11
- Book Value (₹)
- 40.69
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 2.17
- Operating Margin %
- 8.42%
- Net Margin %
- 2.78%
- ROE %
- 2.78%
- ROCE %
- 4.24%
- 1.66%
- Debtor Days
- 83
- Inventory Days
- 72
- Payable Days
- 29
- 126
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 2.93x
- 1.25x
- Revenue Growth %
- -6.88%
- Operating Profit Growth %
- -51.06%
- Net Profit Growth %
- -42.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.55
- Book Value (₹)
- 42.96
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 2.67
- Operating Margin %
- 5.77%
- Net Margin %
- 2.33%
- ROE %
- 3.71%
- ROCE %
- 4.76%
- 1.98%
- Debtor Days
- 63
- Inventory Days
- 72
- Payable Days
- 40
- 96
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 3.27x
- 1.18x
- Revenue Growth %
- 66.20%
- Operating Profit Growth %
- 13.96%
- Net Profit Growth %
- 39.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.80
- Book Value (₹)
- 48.75
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 5.93
- Operating Margin %
- 9.98%
- Net Margin %
- 4.98%
- ROE %
- 10.63%
- ROCE %
- 12.43%
- 5.50%
- Debtor Days
- 44
- Inventory Days
- 58
- Payable Days
- 38
- 64
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 5.13x
- 1.49x
- Revenue Growth %
- 49.46%
- Operating Profit Growth %
- 158.38%
- Net Profit Growth %
- 219.40%
- 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 (₹)
- 60.50
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 9.31
- Operating Margin %
- 15.11%
- Net Margin %
- 9.82%
- ROE %
- 16.15%
- ROCE %
- 19.20%
- 9.48%
- Debtor Days
- 51
- Inventory Days
- 55
- Payable Days
- 53
- 53
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 9.99x
- 1.87x
- Revenue Growth %
- 0.31%
- Operating Profit Growth %
- 64.43%
- Net Profit Growth %
- 97.78%
- 73.73%
- P/E (x)
- 36.15x
- P/B (x)
- 4.99x
- Dividend Yield %
- 0.17%
- 21.52x
Mar 2025
- EPS (₹)
- 11.30
- Book Value (₹)
- 72.15
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 12.31
- Operating Margin %
- 18.35%
- Net Margin %
- 12.14%
- ROE %
- 17.06%
- ROCE %
- 22.62%
- 11.48%
- Debtor Days
- 51
- Inventory Days
- 51
- Payable Days
- 45
- 58
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 19.12x
- 3.09x
- Revenue Growth %
- 9.82%
- Operating Profit Growth %
- 31.74%
- Net Profit Growth %
- 35.79%
- 35.46%
- P/E (x)
- 37.51x
- P/B (x)
- 5.88x
- Dividend Yield %
- 0.14%
- 22.81x
Mar 2026
- EPS (₹)
- 14.86
- Book Value (₹)
- 91.61
- Dividend per Share (₹)
- 0.80
- Cash EPS (₹)
- 16.06
- Operating Margin %
- 21.21%
- Net Margin %
- 17.02%
- ROE %
- 18.32%
- ROCE %
- 22.58%
- 13.31%
- Debtor Days
- 57
- Inventory Days
- 53
- Payable Days
- 39
- 71
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 17.97x
- 2.04x
- Revenue Growth %
- -4.15%
- Operating Profit Growth %
- 23.14%
- Net Profit Growth %
- 34.34%
- 31.47%
- P/E (x)
- 29.71x
- P/B (x)
- 4.82x
- Dividend Yield %
- 0.18%
- 20.06x
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