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Earnings Call

Himadri Speciality Chemical Earnings Call: Key Takeaways

Himadri reports record Q1FY27 performance, transitioning from coal tar derivatives to a global advanced materials and battery chemicals powerhouse.

Highlights
Revenue growth28.04% YoY in Q1FY27
MarginsEBITDA margin expansion mentioned as 'margin-accretive shift'
Demand visibilityStrong, driven by global battery material and energy transition
Management confidenceHigh; citing 'significant sustainable growth' over next 2 years

Growth

Q1FY27 Revenue grew 28.04% YoY to Rs. 1,432 Cr; EBITDA rose 33.10% to Rs. 313 Cr.

Outlook

Strategic roadmap through 2028 includes Rs. 1,613 Cr total capex for LFP, CNT, and Specialty Chemicals.

Risks

Exposure to global energy transition cycles and competitive entry barriers in specialty chemical segments.

Last quarter's promises, checked

Delivered

  • Expand specialty carbon black capacity → Delivered 130,000 MTPA (= BEAT)
  • Debottleneck coal tar distillation → Delivered 600,000 MTPA (= BEAT)
  • Commission anode material facility → Delivered 200 MTPA in April 2026 (= BEAT)

Partly delivered

  • FY26 Revenue growth → Delivered flat YoY performance (= PARTIAL)
Source

Earnings Call filed with BSE, 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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Himadri Speciality Chemical Ltd will hold a board meeting on 21 September 2026 to consider a proposed scheme of arrangement regarding the demerger of DBRL's Tyre Business.

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Himadri Speciality Chemical Board Meeting Outcome

Himadri Speciality Chemical Ltd's Board approved altering the Memorandum of Association to align with the Companies Act, 2013 and enable new business activities, subject to shareholder approval.