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HSCL · NSE · Carbon Black

Himadri Speciality Chemical Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Basic Materials
fair low confidence No valuation within 120 days; P/E 41.4 vs peers 37.9 (15th of 24); P/B 4.8 vs peers 4.3 (16th of 25).
Statements through FY2026Prices adjusted for 1 corporate actionNot yet reviewed by the adversarial model

What is Himadri Speciality Chemical's share price today?

Himadri Speciality Chemical last traded at ₹661.40 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.2% on the day, up 41.0% over a year. Its 52-week range is ₹418 to ₹820. The live price is in the app.

₹661.40 +0.2% today
+41.0% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Jul 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range61% of the way up
Low ₹418High ₹820

What is Himadri Speciality Chemical's market cap?

Himadri Speciality Chemical's market capitalisation is about ₹33,299 crore: what it would cost to buy every share at today's price. That makes it the 19th largest small cap company we cover.

₹33,299 Cr Small Cap19th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: HSCL
ISIN
INE019C01026
Cap bucket
Small Cap, 19th largest by market cap
Industry (NSE)
Commodities › Chemicals › Chemicals & Petrochemicals › Carbon Black
Listed since
2007
Futures and options
Not traded

Is Himadri Speciality Chemical overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 41.4 vs peers 37.9 (15th of 24); P/B 4.8 vs peers 4.3 (16th of 25).

Valuation

Latest price and trailing 12 months
P/E 41.38
vs peers 37.9 · 15th of 24
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 4.82
vs peers 4.3 · 16th of 25
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹33,299 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.2%
vs peers 0.6% · 17th of 21
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 11.82
vs peers 2.0 · 17th of 21
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.95
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Himadri Speciality Chemical a quality business?

Quality score 53.5, 14th of 25 in its peer set; WATCH on 30 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 53.5
vs peers 54.1 · 14th of 25
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 18.1%
vs peers 10.7% · 2nd of 25
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 22.5%
vs peers 13.3% · 2nd of 25
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 15.4%
vs peers 11.5% · 8th of 25
Profit after everything, as a share of revenue. Learn more →
EPS ₹14.97
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

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Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Himadri Speciality Chemical made money for shareholders?

Yes: +41.0% over one year and +67.4% a year over five years.

Shareholder returns

1-year return +41.0%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +67.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+0.0%
1M
+3.6%
3M
−0.5%
6M
+40.2%
1Y
+41.0%
3Y
+41.6%
5Y
+67.4%

Does Himadri Speciality Chemical pay a dividend?

Yes. Himadri Speciality Chemical's dividend yield is 0.18% at the latest price; the last payout was ₹0.80 a share, ex-dividend 22 May 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.18%
The past 12 months' dividends as a share of today's price.
22 May 2026 · Final₹0.80
23 May 2025 · Final₹0.60
7 Jun 2024 · Final₹0.50
9 Jun 2023 · Final₹0.25
20 Sep 2022 · Final₹0.20
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Himadri Speciality Chemical growing?

Revenue 3 years 4.8% a year; profit 3 years 51.5% a year; revenue 5 years 13.1% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 4.8% a year
vs peers 3.9% · 12th of 23
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 51.5% a year
vs peers -5.3% · 2nd of 22
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 13.1% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 81.2% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 43.7% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 67.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -3.7%
vs peers 9.6% · 9th of 20
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Himadri Speciality Chemical do last quarter?

Himadri Speciality Chemical reported revenue of ₹1,432 Cr, up 1.0% on a year earlier and a net profit of ₹228 Cr, up 36.0% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹1,432 Cr
+1.0% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹228 Cr
+36.0% on a year earlier
What was left for shareholders after every cost and tax.

How does Himadri Speciality Chemical compare with its peers?

Compared with 24 Chemicals & Petrochemicals (the industry, as the basic industry was too small); 15th of 24 on P/E; 14th of 25 on quality score.

Compared with 24 Chemicals & Petrochemicals (the industry, as the basic industry was too small)

24 companies
  • Himadri Speciality Chemical Ltd (this page)
  • SRF Ltd
  • Linde India Ltd
  • Gujarat Fluorochemicals Ltd
  • Navin Fluorine International Ltd
  • Aether Industries Ltd
  • Deepak Nitrite Ltd
  • Deepak Fertilisers & Petrochemicals Corp Ltd
  • Atul Ltd
  • Aarti Industries Ltd
  • Fine Organic Industries Ltd
  • Tata Chemicals Ltd
  • Supreme Petrochem Ltd
  • BASF India Ltd
  • Privi Speciality Chemicals Ltd
  • Anupam Rasayan India Ltd
  • PCBL Chemical Ltd
  • Sudeep Pharma Ltd
  • Vinati Organics Ltd
  • Elantas Beck India Ltd
  • Jubilant Ingrevia Ltd
  • Sudarshan Chemical Industries Ltd
  • Alkyl Amines Chemicals Ltd
  • Galaxy Surfactants Ltd
  • Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Himadri Speciality Chemical against its peers

Largest 10 of 24 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Himadri Speciality Chemical Ltd₹33,299 Cr41.44.818.1%22.5%+41.0%
SRF Ltd₹74,684 Cr34.55.714.2%15.1%−17.3%
Linde India Ltd₹51,134 Cr93.613.713.8%17.8%−2.9%
Gujarat Fluorochemicals Ltd₹49,178 Cr80.44.710.0%12.0%+21.6%
Navin Fluorine International Ltd₹42,861 Cr54.28.615.8%20.9%+73.7%
Aether Industries Ltd₹23,202 Cr98.46.07.5%9.6%+133.8%
Deepak Nitrite Ltd₹22,122 Cr28.25.56.0%7.1%−8.5%
Deepak Fertilisers & Petrochemicals Corp Ltd₹17,580 Cr17.93.17.5%8.3%−6.2%
Atul Ltd₹17,319 Cr21.83.110.3%13.1%−1.9%
Aarti Industries Ltd₹16,692 Cr31.42.47.3%6.8%+20.5%
Fine Organic Industries Ltd₹16,589 Cr37.94.814.6%20.1%+18.7%
Peer median—37.94.310.7%13.3%−0.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Himadri Speciality Chemical?

Himadri Speciality Chemical is held by promoters 52.5%, foreign institutions 6.8%, domestic institutions 3.3%.

Shareholding pattern

Latest filing, percent of shares
Promoters52.5%
The founders and controlling group.
Foreign institutions6.8%
Overseas funds investing through the FPI route.
Domestic institutions3.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds1.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others16.2%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Himadri Speciality Chemical?

1 analyst cover Himadri Speciality Chemical, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

1 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Himadri Speciality Chemical do and what is it sensitive to?

Himadri Speciality Chemical Ltd sells speciality carbon products such as Coal Tar Pitch, Carbon Black, Naphthalene and SNF to industries including steel, aluminium, graphite, tyres and lithium-ion batteries. Sensitive to: interest rates.

Business-model card

FY2025 · 38 verified
2Revenue
4Channels
2Regulators
4Reg. dependencies
4Sensitivities
4Costs
3Geographies

Himadri Speciality Chemical Ltd sells speciality carbon products such as Coal Tar Pitch, Carbon Black, Naphthalene and SNF to industries including steel, aluminium, graphite, tyres and lithium-ion batteries. It earns mainly from sale of products, with carbon materials and chemicals at INR 4,56,890.66 lakhs of FY2025 standalone sales and 73.19% of sales domestic.

Revenue by segment

year ended 31 March 2025 (consolidated)
Carbon materials and chemicals97.8%
Power2.2%

Revenue engine

2 verified
Carbon materials and chemicals (99.5%)
Sale of speciality carbon products. Interpretation: this is the main revenue line; FY2025 standalone sale of products in this line was INR 4,56,890.66 lakhs.
Power generation and distribution segment
Consolidated reportable segment for power, described as generation and distribution. Interpretation: the segment is operated within the group.

Customers & channels

4 verified
Top five customers (41.0%)
Concentration of revenue: top five customers accounted for 41% of revenue in FY2025 versus 42% in FY2024.
Export customers (26.8%)
Export share of turnover; exports are sold to customers outside India. Interpretation: export revenue is more exposed to foreign demand and FX.
Long-term client agreements
Long-term agreements cover part of sales, which the company says supports stable client relationships. Interpretation: a third of sales is not covered by these agreements.
1 more statement
Customer credit terms
Maximum payment period for customers is three months. Interpretation: this caps the working-capital tied up in trade receivables.

Regulators

2 verified
Foreign Exchange Management Act, 1999
Governs foreign direct investment, overseas direct investment and external commercial borrowings, which affects how the company funds and invests abroad.
Petroleum Act, 1934
Listed among Acts the company has specifically complied with. Interpretation: the excerpt does not state how this Act applies to the company's products.

Regulatory dependencies

4 verified
Countervailing duties on Chinese tyres
Trade measure cited as supporting India's competitive position in tyres. Interpretation: a removal or reduction would weaken demand for carbon black used in tyres.
Export incentive
Export incentive is booked as a separate revenue item. Interpretation: a change in export incentive rules would move reported revenue by this amount.
Board borrowing and loan limits
Committee powers cap long-term borrowing at INR 1,000 crores. Interpretation: this limit caps the debt capacity for capital expansion without further approval.
1 more statement
RBI repo rate cut
Repo rate cut to 6.25% in February 2025 is cited as reducing borrowing costs. Interpretation: lower policy rates reduce the cost of floating-rate debt.

Sensitivities

4 verified
Interest rates
Fluctuations in interest rates affect borrowing costs and financial performance. Interpretation: higher rates raise finance costs on floating-rate debt; the company uses interest rate swaps to hedge these loans.
Foreign exchange rates
FX moves affect borrowings, imports, capital expenditure and exports. Interpretation: the direction of impact depends on the currency position, which the excerpt does not state.
Aluminium and graphite demand
High reliance on aluminium and graphite can impact margins during industry downturns. Interpretation: demand falls in those industries lower volumes sold into them.
1 more statement
Cost and availability of funds
Timely availability and cost of funds impact capital expansion and working capital efficiency. Interpretation: tighter funding slows planned capacity additions.

Cost inputs

4 verified
Coal tar
Coal tar, a by-product of steel plants, is the key raw material. Interpretation: its availability and price depend on steel plant output.
Raw material cost pass-through
Pricing policies allow raw material cost fluctuations to be passed to customers through an established formula in most cases.
Cost of materials consumed
Standalone cost of materials consumed was INR 3,15,698.98 lakhs in FY2025 from raw material purchases of INR 3,02,965.90 lakhs.
1 more statement
Borrowing cost
Interest expense on financial liabilities at amortised cost was INR 4,047.73 lakhs in FY2025 standalone.

Geographies

3 verified
India (73.2%)
Domestic sales; the company states 73.19% of its sales are domestic.
Export markets (26.8%)
Exports as a share of turnover. Interpretation: outside India revenue rose to INR 1,23,218.42 lakhs in FY2025 from INR 78,741.11 lakhs in FY2024.
Global presence
Products are available in 56 countries, per the company.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (15 Jul 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Re 0.80 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionDividend - Rs 0.60 Per Share.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 30 of 30 flags judged; 2 red.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓181 months of month-end prices, adjusted for bonuses and splits (1 corporate action)○no valuation of ours yet✓business-model card FY2025 · 38 verified

Questions people ask

What is Himadri Speciality Chemical's share price today?

Himadri Speciality Chemical last traded at ₹661.40 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.2% on the day, up 41.0% over a year. Its 52-week range is ₹418 to ₹820. The live price is in the app.

What is Himadri Speciality Chemical's market cap?

Himadri Speciality Chemical's market capitalisation is about ₹33,299 crore: what it would cost to buy every share at today's price. That makes it the 19th largest small cap company we cover.

Is Himadri Speciality Chemical Ltd a large cap, mid cap or small cap?

Himadri Speciality Chemical Ltd (HSCL) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Himadri Speciality Chemical Ltd's P/E ratio?

41.38, vs peers 37.9 · 15th of 24. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Himadri Speciality Chemical Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 41.4 vs peers 37.9 (15th of 24); P/B 4.8 vs peers 4.3 (16th of 25).

How does Himadri Speciality Chemical Ltd make money?

Himadri Speciality Chemical Ltd sells speciality carbon products such as Coal Tar Pitch, Carbon Black, Naphthalene and SNF to industries including steel, aluminium, graphite, tyres and lithium-ion batteries. It earns mainly from sale of products, with carbon materials and chemicals at INR 4,56,890.66 lakhs of FY2025 standalone sales and 73.19% of sales domestic.

Who are Himadri Speciality Chemical Ltd's peers?

Compared with 24 Chemicals & Petrochemicals (the industry, as the basic industry was too small): SRF Ltd, Linde India Ltd, Gujarat Fluorochemicals Ltd, Navin Fluorine International Ltd, Aether Industries Ltd and 19 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Himadri Speciality Chemical do last quarter?

Himadri Speciality Chemical reported revenue of ₹1,432 Cr, up 1.0% on a year earlier and a net profit of ₹228 Cr, up 36.0% in the Jun 2026 quarter.

Who owns Himadri Speciality Chemical?

Himadri Speciality Chemical is held by promoters 52.5%, foreign institutions 6.8%, domestic institutions 3.3%.

Does Himadri Speciality Chemical pay a dividend?

Yes. Himadri Speciality Chemical's dividend yield is 0.18% at the latest price; the last payout was ₹0.80 a share, ex-dividend 22 May 2026.

What do analysts say about Himadri Speciality Chemical?

1 analyst cover Himadri Speciality Chemical, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Himadri Speciality Chemical, and 6,621 other companies, with 212 filters and the full peer tables

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