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Earnings Call

Himadri Speciality Chemical Earnings Call: Key Takeaways

Himadri transitions from traditional chemicals to an integrated battery material platform, reporting record profitability while aggressively scaling anode and cathode capacities to leverage global supply chain shifts.

Highlights
Revenue growthConsolidated revenue at ₹4,661cr; 14% growth in Q4 FY26.
MarginsEBITDA margins expanded; structural focus on high-value speciality products.
Demand visibilityStrong engagement with global EV OEMs for anode and cathode materials.
Management confidenceExtremely high, focused on R&D and proprietary battery technology platforms.

Growth

FY26 Consolidated PAT grew 36% YoY to ₹755cr; EBITDA surged 19% despite flat top-line growth.

Outlook

Guidance to double PAT to ₹1,100cr+ by FY28; anode material scaling with LFP capacity targets.

Risks

Currency volatility caused significant forex losses; Middle East geopolitical tension impacts logistics and energy costs.

Source

Earnings Call filed with NSE, NSE: HSCL. Summary written with AI assistance from the document.

Read the document ↗

Himadri Speciality Chemical Ltd: key numbers

Share price
₹678.75
Market cap
₹34,248 Cr
Revenue (annual)
₹4,661 Cr
Net profit (annual)
₹751.3 Cr
P/E (TTM)
42.9×Sector 37.5×
Promoter holding
52.50%+0.00% QoQ
FII holding
6.80%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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