Heubach Colorants India Limited (formerly known as Clariant Chemicals India Ltd) was incorporated in 1956. Initially established with technical and financial collaboration from Hoechst and Bayer AG, along with three Indian business groups, the company changed its name to Heubach Colorants India Limited in October 2022. It is headquartered in Navi Mumbai, India, with its registered office located at Reliable Tech Park, Gut No 31, Village Elthan Airoli, Navi Mumbai, Maharashtra, 400708.
The company is a part of the Heubach group and is a leading manufacturer and seller of specialty chemicals, both in India and internationally. Heubach Colorants India Limited operates primarily through two segments: Plastics and Coatings, and Specialty Chemicals. The company specializes in producing organic and inorganic high-performance pigments and pigment preparations for a diverse range of applications.
Heubach Colorants India Limited offers an extensive product portfolio, including organic and inorganic pigments and pigment preparations used in various applications such as paints, plastics, coatings, printing inks, non-impact printing inks, rubber, and other specialized uses. Additionally, the company provides specialty and aluminum dyes, corrosion protection pigments, and optical brighteners.
Key segments and their offerings:
- Plastics and Coatings segment: Provides organic pigments, pigment preparations, additives, and masterbatches. These are critical components used in the automotive industry, for industrial and architectural coatings, in the plastics industry, for coloring home and fabric care products, and for various other applications, including seed coloration, traditional, and digital printing.
- Specialty Chemicals segment: Includes dyestuff, synthetic resins, functional effects and coating, auxiliaries, and chemicals with applications in the textile, paper, emulsion, and leather industries.
Currently, the company boasts a product range of over 2,000 items and operates 10 Technical Centers. Its global reach is significant, exporting products to approximately 75 countries, underscoring its strong international presence and market penetration in the specialty chemicals sector.
Heubach Colorants India Ltd currently holds a market capitalization of ₹1,355 crore. As of recent data, the company's current PE ratio is 29.00, and the current PB ratio is 2.73. The company's 52-week high share price stood at ₹733.25, while its 52-week low was ₹355.15.
The company's financial performance has demonstrated positive momentum in recent quarters. In Q3 FY2024-25, Heubach Colorants India Ltd reported a revenue of ₹217.04 crore, marking a 22.55% increase year-over-year. Net profit for the same quarter surged by 169.48% year-over-year to ₹17.22 crore. The net profit margin also improved significantly, jumping 119.89% to 7.93% in Q3 FY2024-25 compared to the previous year.
- Market Capitalization: ₹1,355 crore
- Current PE Ratio: 29.00
- Current PB Ratio: 2.73
- 52-Week High Share Price: ₹733.25
- 52-Week Low Share Price: ₹355.15
- Q3 FY2024-25 Revenue (December 2024): ₹217.04 crore
- Q3 FY2024-25 Net Profit (December 2024): ₹17.22 crore
- Q3 FY2024-25 Net Profit Margin: 7.93%
- Trailing Twelve Months (TTM) Revenue: ₹810 crore
- Trailing Twelve Months (TTM) Net Profit: ₹46.6 crore
- Return on Equity (ROE): 9.09%
- Return on Capital Employed (ROCE): 12.5%
Heubach Colorants India Ltd's share price has shown strong performance, moving up by 52.25% on the BSE over the last 12 months. In the last 3 months, the share price increased by 6.04% on the BSE. The company's market capitalization has grown by 48.7% in the past year.
The company maintains a robust financial position, being almost debt-free, which enables it to report stable earnings growth across various business cycles. The stock is currently trading at 2.74 times its book value.
Promoter holding in Heubach Colorants India Ltd has increased to 54.37% as of March 2025. The company is primarily owned by EBITO Chemiebeteiligungen AG Switzerland, a subsidiary of Clariant International AG, which holds a 70.1% equity stake. Ravi Brijmohan Kapoor serves as the Chairman and Company Secretary for Heubach Colorants India Ltd.
Heubach Colorants India Ltd operates in the Dyes And Pigments industry, falling under the Materials sector and Specialty Chemicals sub-sector. Despite its strong market position and global reach, the company faces certain operational challenges. These include a relatively poor sales growth of 1.93% over the past five years and a low return on equity of 8.01% over the last three years. Additionally, while the company consistently reports profits, it has not been paying out dividends.
Despite these challenges, the company has successfully maintained profitability and continues its efforts to expand its product portfolio and global presence. Its strong balance sheet and debt-free status provide a solid foundation for future growth and continued expansion in the competitive specialty chemicals market.
