Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. It is the No.1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of Naphthalene and SNF in India. Himadri Speciality Chemical Limited was formerly known as Himadri Chemicals & Industries Limited and changed its name to Himadri Speciality Chemical Limited in July 2016. The company was incorporated in 1987 and is based in Kolkata, India.
The company operates as a leading specialty chemicals manufacturer with a strong focus on carbon materials and advanced chemical products. The company is a key player across various product segments, including battery materials, coal tar pitch, carbon black, naphthalene, refined naphthalene, SNF, and specialty oils. It serves various industries, such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals.
Himadri Speciality Chemical has diversified its product portfolio to cater to multiple industrial sectors. Himadri Speciality Chemical Limited manufactures and sells carbon materials and chemicals in India and internationally. The company operates through Carbon Materials and Chemicals, and Power segments. It also offers anode materials, LFP cathode materials, lithium mining and refining, and recycling materials. In addition, the company offers SDS, TDS, ASTM, and carbon black; tyre, plastics, ink, and coatings; refined naphthalene, coal tar pitch, specialty oils, clean energy, and anti-corrosion products.
The company has established itself as a key supplier to the emerging lithium-ion battery industry, positioning itself strategically in the clean energy transition. With two subsidiaries, one in Hong Kong (AAT Global Limited) and one in China (Shandong Dawn Himadri Chemical Industry Ltd), Himadri Speciality Chemical Ltd is a rapidly expanding and respected industry leader.
The market cap of Himadri Speciality Chemical Ltd (HSCL) is ₹24835.69 Cr as of 1st July 2025. The company has demonstrated strong financial performance in recent years, with consistent growth across key metrics.
- For the full financial year 2024-25, Himadri reported a revenue of ₹4,612.63 crore, an increase from ₹4,184.89 crore in FY24. Net profit for the year stood at ₹555.09 crore, up from ₹410.68 crore in the previous fiscal, reflecting a year-on-year growth of over 35%.
- Earnings per share (EPS) for FY25 improved, with basic EPS at ₹11.26 compared to ₹9.16 in FY24.
- For the full year FY25, our sales volumes grew by 16%, reaching 5, 52,206 metric tonnes, compared to 4, 75,582 metric tonnes in the previous year.
- The company, a pioneer in the production of lithium-ion battery materials, reported a 26% increase in revenue, reaching Rs. 1,200 crores in Q1 FY25, up from Rs. 951 crores in the same quarter last year.
- Net Profit: ₹142 crore, up 30.5% YoY from ₹108.8 crore. Revenue: ₹1,140.7 crore, reflecting an 8.4% YoY increase from ₹1,052.5 crore. for Q3 FY25.
Company has reduced debt. Company is almost debt free. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical, highlighted the company's achievement of becoming debt-free with a positive net cash balance. He attributed this to disciplined capital deployment and efficient working capital utilization, resulting in a sustainable Return on Capital Employed (ROCE) of 28%.
The company has maintained strong cash flow generation capabilities. In terms of cash flow, Himadri Special has generated the highest operating cash flow of Rs 404.76 crore in the last three years, indicating a strong financial position and higher cash revenues from business operations.
Himadri Speciality Chemical has announced a strategic investment of $4.43 million to acquire a 16.24% stake in International Battery Company, marking a significant step in its clean-tech strategy and en. Himadri Speciality Chemical Ltd has invested AUD 41.71 million in Sicona Battery Technologies as part of a larger AUD 150 million investment plan.
The LFP cathode material facility remains on track, with Phase 1 expected to be operational by Q3 FY27. Our new speciality carbon black line is advancing as scheduled and is set to commence operations in Q3 FY26. Meanwhile, the high value-added speciality products line is scheduled to go live in Q2 FY27.
Himadri Speciality Chemical's CMD, Anurag Choudhary, asserts the company is unaffected by China's market behavior. With competitive pricing and a focus on exports, especially to the UK and US, the company anticipates growth from recent trade agreements. Currently exporting to 56 countries, Himadri aims to leverage operational efficiencies for profitability.
The chairman of the company is Anurag Choudhary, and the managing director is Anurag Choudhary. There is no promoter pledging in Himadri Speciality Chemical Ltd. Promoter holding in Himadri Speciality Chemical Ltd has gone up to 51.61 per cent as of Mar 2025 from 50.20 per cent as of Jun 2024.
The current dividend yield of Himadri Speciality Chemical Ltd (HSCL) is 0.12. In the quarter ending March 2025, Himadri Speciality Chemical Ltd has declared dividend of ₹0.60 - translating a dividend yield of 0.23%.
Current Price ₹ 499 · High / Low ₹ 689 / 351 · Stock P/E 44.4 · Book Value ₹ 75.4 · Dividend Yield 0.12 % ROCE 22.0 % ROE 16.4 % Face Value ₹ 1.00 The company has shown consistent improvement in operational efficiency and return metrics, making it an attractive investment proposition in the specialty chemicals sector.
The company's strategic focus on battery materials, carbon products, and specialty chemicals positions it well to capitalize on the growing demand in clean energy, electric vehicles, and industrial applications. With its debt-free status, strong cash generation, and planned capacity expansions, Himadri Speciality Chemical appears well-positioned for sustained growth in the evolving chemical industry landscape.
