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Himadri Speciality Chemical Limited (HSCL.NS)

INR681.55 +10.15 (+1.51%)
IN NSE Basic Materials Chemicals - Specialty
Address Ruby House 8 700001
Kolkata, IN
CEO Anurag Choudhary
IPO 2007-03-02
ISIN INE019C01026

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HSCL.BO (INR) National Stock Exchange of India · HSCL.NS (INR)
Description

Himadri Speciality Chemical Limited (HSCL) is an India-based company with an international presence, engaged in the production and distribution of an extensive portfolio of carbon materials and specialized chemicals. Its diverse product line features various coal tar pitches, including those specifically designed as binders for aluminum and graphite applications, impregnated pitches, mesophase and refractory grades, ultramarine blue pitches, and pitch creosote mixtures. Additionally, it supplies pitches tailored for industrial crucibles and blocks. The company also manufactures carbon materials such as coke in granular and powdered forms, along with synthetic and natural graphite powder crucial for power battery manufacturing. Other core offerings include carbon black, and refined naphthalene, which serves as a key ingredient for dyes, intermediates, and mothballs. For the construction and industrial sectors, HSCL provides sulphonated naphthalene formaldehyde and polycarboxylate ether, vital components for concrete, agrochemical products, rubber, and gypsum board production. Furthermore, it develops anti-corrosion solutions for a wide array of applications, including chemical factories, industrial vessels, water treatment facilities, breweries, and milk chilling plants. A range of specialty oils is also marketed, encompassing light creosote, wash/gas scrubbing oils, phenyl grade oils, wood preservative/creosote oils, anthracene oil, carbon black oils, and fuel oils. Its catalog extends to include coal flow and bulk density enhancers, BTX products, and various industrial solvents. The firm also generates power through the utilization of fuel gas. These materials are integral to numerous industries, finding utility in areas such as lithium-ion batteries, aluminum smelting, graphite manufacturing, infrastructure development, tire production, mechanical rubber goods, plastics, and the creation of dyes and intermediates. Established in 1987, the company is headquartered in Kolkata, India. It was formerly known as Himadri Chemicals & Industries Limited before adopting its current name in July 2016.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR681.55 +10.15 (+1.51%)
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Volume Profile
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Liquidity & share structure
Average Volume
12M
Beta
0.32
Float Shares
185.40M
Free Float %
36.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.07% +0.07% +9.99% +55.06% +46.17% +39.49% +44.96% +425.48% +1,168.41% +2,666.26% +2,166.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
681.55
DCF (Unlevered) 1,294.59 +89.9%
DCF (Levered) 213.63 -68.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
14.92
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +1.0% Q1'26: +13.5% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +34.5% Q1'26: +27.6% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +8.3% Q1'26: -21.4% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +22.9% Q1'26: +22.2% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +17.2% Q1'26: +18.9% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.6% Q1'26: +1.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.68× Q1'26: 0.63× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 98% × Ke + 2% × Kd (8.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,272.71 Current price: 681.55
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2008
actual
Mar 2010
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
3.63B
est: 4.59B (-20.9%)
5.06B
est: 5.07B (-0.2%)
20.22B
est: 19.57B (+3.3%)
24.24B
est: 19.57B (+23.9%)
18.06B
est: 23.97B (-24.7%)
16.79B
est: 19.46B (-13.7%)
27.91B
est: 14.90B (+87.3%)
41.72B
est: 19.36B (+115.5%)
41.85B
est: 22.92B (+82.6%)
46.13B
est: 48.24B (-4.4%)
47.37B
47.37B – 47.37B
-1.8% YoY
61.42B
61.42B – 61.42B
+29.6% YoY
77.75B
77.75B – 77.75B
+26.6% YoY
EBITDA
1.30B
est: 520.02M (+150.5%)
1.98B
est: 1.26B (+57.5%)
4.52B
est: 4.87B (-7.2%)
5.64B
est: 4.16B (+35.5%)
2.91B
est: 3.65B (-20.1%)
1.28B
est: 2.06B (-38.1%)
1.58B
est: 2.68B (-40.9%)
4.15B
est: 2.87B (+44.6%)
6.32B
est: 7.20B (-12.2%)
8.43B
est: 20.34B (-58.6%)
19.97B
19.97B – 19.97B
-1.8% YoY
25.89B
25.89B – 25.89B
+29.6% YoY
32.78B
32.78B – 32.78B
+26.6% YoY
EBIT
1.17B
est: 451.68M (+159.2%)
1.73B
est: 1.20B (+44.2%)
4.19B
est: 4.66B (-10.0%)
5.30B
est: 5.20B (+1.9%)
2.56B
est: 4.44B (-42.4%)
848.17M
est: 2.25B (-62.3%)
1.14B
est: 2.92B (-60.9%)
3.69B
est: 3.13B (+18.0%)
5.86B
est: 7.24B (-19.0%)
7.92B
est: 19.71B (-59.8%)
19.35B
19.35B – 19.35B
-1.8% YoY
25.09B
25.09B – 25.09B
+29.6% YoY
31.76B
31.76B – 31.76B
+26.6% YoY
Net Income
829.13M
est: 1.17B (-28.9%)
1.07B
est: 915.07M (+17.3%)
2.47B
est: 3.55B (-30.2%)
3.24B
est: 3.07B (+5.6%)
2.05B
est: 2.74B (-24.9%)
474.78M
est: 1.81B (-73.7%)
409.47M
est: 2.35B (-82.5%)
2.16B
est: 2.51B (-14.1%)
4.11B
est: 2.89B (+42.4%)
5.56B
est: 6.35B (-12.5%)
6.95B
6.95B – 6.95B
+9.4% YoY
8.88B
8.88B – 8.88B
+27.7% YoY
10.53B
10.53B – 10.53B
+18.6% YoY
SGA
est: 154.12M (-100.0%)
est: 40.84M (-100.0%)
531.59M
est: 158.34M (+235.7%)
649.48M
est: 2.04B (-68.1%)
798.91M
est: 1.83B (-56.3%)
801.95M
est: 2.10B (-61.8%)
841.91M
est: 2.73B (-69.1%)
969.90M
est: 2.92B (-66.8%)
1.27B
est: 768.75M (+65.4%)
1.67B
est: 2.33B (-28.4%)
2.29B
2.29B – 2.29B
-1.8% YoY
2.97B
2.97B – 2.97B
+29.6% YoY
3.76B
3.76B – 3.76B
+26.6% YoY
EPS
2.63
est: 2.35 (+12.1%)
3.23
est: 3.10 (+4.0%)
5.91
est: 5.77 (+2.5%)
7.75
est: 5.77 (+34.4%)
4.91
est: 7.80 (-37.1%)
1.13
est: 4.40 (-74.3%)
0.98
est: 0.90 (+8.9%)
5.13
est: 3.70 (+38.6%)
9.16
est: 6.00 (+52.7%)
11.26
est: 12.70 (-11.3%)
13.90
13.90 – 13.90
+9.4% YoY
17.75
17.75 – 17.75
+27.7% YoY
21.05
21.05 – 21.05
+18.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-11 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-10 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-09 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-08 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-05 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-04 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-03 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-02 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-06-01 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-29 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-27 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-26 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-25 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-22 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-21 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-20 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-19 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-18 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-15 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-14 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-13 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-12 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-11 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-08 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
643.12M
OE per share TTM
1.36
Owner's Yield
0.19%
Maintenance CapEx ratio
22.73%
Maint CapEx / Avg PPE
50.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 16 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.03% 4.45M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 162.0K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 365.4K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.01% 18.03M 0.06%
5 Vanguard ESG International Stock ETF VSGX 0.00% 232.8K 0.10%
6 Vanguard Total International Stock ETF VXUS 0.00% 18.66M 0.05%
7 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 21.4K 0.24%
8 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 21.4K 0.24%
9 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 29.0K 0.22%
10 Vanguard Total World Stock ETF VT 0.00% 930.1K 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.58M
Shares Outstanding
504.54M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Anurag Choudhary Chief Executive Officer, MD & Chairman 44M male
Shyam Sundar Choudhary Whole-Time Director 38M male
Amit Kumar Choudhary Whole-Time Director 38M male
Monojit Mukherjee Business President of Carbon Black Division 17M male
Monika Saraswat Company Secretary & Compliance Officer female
Somesh Satnalika Executive Vice President -Tyre & Strategy male
Soumen Chakraborty President of Carbon Black Division
Avijit Sasmal Chief Sustainability Officer
Kamlesh Kumar Agarwal Chief Financial Officer male
Kunal Mukherjee Vice President of Human Resources male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits