Is Himadri Speciality Chemical a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Himadri Speciality Chemical Ltd is a average quality company .

Is Himadri Speciality Chemical undervalued or overvalued?

The key valuation ratios of Himadri Speciality Chemical Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Himadri Speciality Chemical share price return in the past 10 years?

Himadri Speciality Chemical Ltd share price has appreciated 30% annually (CAGR) over the past ten years.

Is Himadri Speciality Chemical a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Himadri Speciality Chemical Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Himadri Speciality Chemical?

The latest standalone P/E ratio of Himadri Speciality Chemical as of 30-May-2024 is 39.76.

What is the P/B ratio of Himadri Speciality Chemical?

The latest standalone P/B ratio of Himadri Speciality Chemical as of 30-May-2024 is 5.44.

What is the 52-week high and low of Himadri Speciality Chemical?

The 52-week high of Himadri Speciality Chemical is Rs. 399.00 and the 52-week low is Rs. 122.95.

Himadri Speciality Chemical Ltd - Stock Valuation and Financial Performance

Name: Himadri Speciality Chemical
Brand: Himadri Speciality Chemical

BSE: 500184 | NSE: HSCL | Chemicals | Small Cap

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Himadri Speciality Share Price

₹331.10 -10.20 -2.99%
as on 30-May'24 16:01

DeciZen - make an informed investing decision on Himadri Speciality

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Himadri Speciality Chemical stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

39.76

Market Cap:

16,340.3 Cr.

52-wk low:

123

52-wk high:

399

Is Himadri Speciality Chemical Ltd an attractive stock to invest in?

10 Year X-Ray of Himadri Speciality: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3%	3.7%	8.4%	14.7%	16.7%	10.1%	2.9%	3.9%	10.5%	13.5%	-
Value Creation Index ⓘ	-0.8	-0.7	-0.4	0.1	0.2	-0.3	-0.8	-0.7	-0.3	0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,378	1,152	1,324	1,971	2,377	1,804	1,679	2,791	4,172	4,185	4,185
Sales YoY Gr.	-	-16.4%	15%	48.9%	20.6%	-24.1%	-6.9%	66.2%	49.5%	0.3%	-
Adj EPS ⓘ	-0.3	-0.2	2.3	5.8	7.4	4.3	1	1.7	5.6	8.2	8.3
YoY Gr.	-	NA	NA	155.3%	27.6%	-41.6%	-76.5%	64.4%	234.3%	47.6%	-
BVPS (₹) ⓘ	21.4	22	25.8	34.8	40.1	39.4	40.7	43	48.8	60.5	60.9
Adj Net Profit ⓘ	-9.6	-9.1	94.7	242	308	180	42.3	69.7	240	403	411
Cash Flow from Ops. ⓘ	212	278	205	247	472	282	-39.3	330	53.3	400	-
Debt/CF from Ops. ⓘ	5.1	3.1	3.7	2.7	1	1.8	-18.3	1.8	15.7	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.1%	12%	35.6%	0.3%
Adj EPS ⓘ	NA	2.2%	100.9%	47.6%
BVPSⓘ	12.2%	8.6%	14.1%	24.1%
Share Price	30%	26.8%	86.7%	159.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-1.2	-1	9.5	19.1	19.7	10.8	2.5	4	12	15.5	13.7
Op. Profit Mgn % ⓘ	8.9	13.3	18.7	22.8	22.7	16.5	7.6	5.8	9.8	15.1	15.3
Net Profit Mgn % ⓘ	-0.7	-0.8	7.2	12.3	13	10	2.5	2.5	5.8	9.6	9.8
Debt to Equity ⓘ	1.3	0.9	0.7	0.5	0.3	0.3	0.4	0.3	0.4	0.2	0
Working Cap Days ⓘ	232	247	203	173	199	261	245	190	145	158	89
Cash Conv. Cycle ⓘ	141	134	98	84	105	142	131	102	69	59	33

Recent Performance Summary

Latest Financials - Himadri Speciality Chemical Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.3	8.3
TTM Sales (₹ Cr.)	4,185	4,185
BVPS (₹.) ⓘ	60.9	62.2
Reserves (₹ Cr.) ⓘ	2,956	3,020
P/BV ⓘ	5.44	5.32
PE ⓘ	39.76	39.78

From the Market
52 Week Low / High (₹)	122.95 / 399.00
All Time Low / High (₹)	0.12 / 399.00
Market Cap (₹ Cr.)	16,340
Equity (₹ Cr.)	49.4
Face Value (₹)	1
Industry PE ⓘ	49.4

Management X-Ray of Himadri Speciality:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Himadri Speciality

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Himadri Speciality

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,377	1,152	1,324	1,971	2,377	1,803	1,679	2,791	4,172	4,185
Operating Expenses ⓘ	1,262	1,010	1,097	1,521	1,838	1,520	1,552	2,637	3,783	3,553
Manufacturing Costs	32	27	34	36	39	38	40	57	57	53
Material Costs	1,091	823	885	1,307	1,588	1,222	1,240	2,250	3,267	3,035
Employee Cost	29	30	36	47	58	73	76	80	91	110
Other Costs ⓘ	110	130	142	132	153	186	196	251	368	354
Operating Profit ⓘ	116	142	227	450	538	284	128	154	388	632
Operating Profit Margin (%)	8.4%	12.3%	17.1%	22.8%	22.6%	15.7%	7.6%	5.5%	9.3%	15.1%
Other Income ⓘ	15	11	8	8	14	5	14	7	28	52
Interest ⓘ	102	110	80	70	71	55	33	35	66	64
Depreciation ⓘ	55	64	31	31	33	37	44	47	49	48
Exceptional Items ⓘ	0	0	0	0	0	-128	0	0	-30	0
Profit Before Tax ⓘ	-26	-21	123	356	449	70	64	79	272	573
Tax ⓘ	-12	-5	42	113	138	-11	17	14	64	162
Profit After Tax	-14	-16	81	243	311	81	47	65	208	411
PAT Margin (%)	-1.0%	-1.4%	6.1%	12.3%	13.1%	4.5%	2.8%	2.3%	5.0%	9.8%
Adjusted EPS (₹)	-0.4	-0.4	1.9	5.8	7.4	1.9	1.1	1.6	4.8	8.3
Dividend Payout Ratio (%)	0%	-13%	5%	2%	2%	8%	13%	13%	5%	6%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	827	921	1,078	1,455	1,678	1,648	1,705	1,800	2,109	2,980
Share Capital ⓘ	39	42	42	42	42	42	42	42	43	49
Reserves ⓘ	789	879	1,036	1,413	1,636	1,606	1,663	1,758	2,066	2,931
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,031	758	726	595	430	337	678	539	791	587
Long Term Debt	524	366	387	231	188	22	84	93	48	22
Short Term Debt	508	392	339	364	242	315	594	446	743	566
Trade Payables	92	89	149	118	411	212	149	774	341	545
Others Liabilities ⓘ	309	314	214	393	508	494	412	530	673	645
Total Liabilities ⓘ	2,259	2,081	2,166	2,562	3,027	2,691	2,944	3,643	3,914	4,757
Fixed Assets
Gross Block	1,477	1,493	1,526	1,554	1,584	1,912	1,948	2,094	2,096	2,166
Accumulated Depreciation	329	392	423	455	487	524	568	613	644	691
Net Fixed Assetsⓘ	1,148	1,101	1,103	1,099	1,097	1,389	1,380	1,480	1,452	1,475
CWIP ⓘ	10	27	9	18	126	158	160	77	94	67
Investmentsⓘ	103	133	167	353	232	47	66	113	132	477
Inventories	359	315	392	415	539	331	335	772	545	706
Trade Receivables	316	200	216	270	366	300	461	505	505	656
Cash Equivalents	37	35	36	31	47	42	135	263	623	726
Others Assetsⓘ	287	270	244	375	620	424	406	433	564	651
Total Assets ⓘ	2,259	2,081	2,166	2,562	3,027	2,691	2,944	3,643	3,914	4,757

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	212	278	205	247	472	282	-39	330	53	400
PBT ⓘ	-26	-21	123	356	449	70	64	79	272	573
Adjustment ⓘ	156	181	123	105	86	230	83	99	104	71
Changes in Working Capital ⓘ	80	118	-19	-135	32	16	-172	169	-275	-152
Tax Paid ⓘ	2	0	-23	-79	-95	-34	-14	-17	-47	-92
Cash Flow From Investing Activity ⓘ	129	-2	11	-61	-223	-215	-113	-28	-397	-405
Capex	-24	-13	-11	-52	-203	-248	-35	-23	-76	-53
Net Investments	153	7	20	11	-23	33	-80	-7	-323	-383
Others ⓘ	0	3	2	-19	3	1	2	1	3	30
Cash Flow From Financing Activityⓘ	-346	-270	-223	-180	-257	-40	166	-181	378	8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	1	8
Net Proceeds from Borrowing ⓘ	-177	-60	-59	-21	-62	-45	-66	7	-39	-59
Interest Paid ⓘ	-81	-84	-103	-65	-65	-57	-36	-31	-49	-63
Dividend Paid ⓘ	-4	0	-2	-4	-4	-6	-6	-6	-8	-11
Others ⓘ	-84	-125	-59	-90	-126	68	273	-151	474	133
Net Cash Flow ⓘ	-5	5	-7	6	-8	28	13	121	35	3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-1.73	-1.87	8.12	19.15	19.88	4.87	2.78	3.71	10.63	16.15
ROCE (%)	3.69	4.82	11.29	21.59	24.33	5.76	4.24	4.76	12.43	19.2
Asset Turnover Ratio	0.65	0.59	0.69	0.86	0.85	0.63	0.6	0.85	1.1	0.97
PAT to CFO Conversion(x)	N/A	N/A	2.53	1.02	1.52	3.48	-0.83	5.08	0.25	0.97
Working Capital Days
Receivable Days	78	73	52	44	49	67	83	63	44	51
Inventory Days	86	95	88	73	73	88	72	72	58	55
Payable Days	29	40	49	37	19	16	29	40	38	53

Himadri Speciality Chemical Ltd Stock News

Himadri Speciality Chemical Ltd FAQs

What is the share price of Himadri Speciality?

Company share prices are keep on changing according to the market conditions. The closing price of Himadri Speciality on 30-May-2024 16:01 is ₹331.1.

What is the market cap of Himadri Speciality?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-May-2024 16:01 the market cap of Himadri Speciality stood at ₹16,340.3.

What is the P/E ratio of Himadri Speciality?

The latest P/E ratio of Himadri Speciality as of 30-May-2024 16:01 is 39.76.

What is the P/B ratio of Himadri Speciality?

The latest P/B ratio of Himadri Speciality as of 30-May-2024 16:01 is 5.44.

What is the 52-week high and low of Himadri Speciality?

The 52-week high of Himadri Speciality is ₹399.0 and the 52-week low is ₹123.0.

What is the TTM revenue of Himadri Speciality?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Himadri Speciality is ₹4,185 ( Cr.) .

About Himadri Speciality Chemical Ltd

Established in 1990, Himadri Speciality Chemical is one of India’s largest integrated speciality carbon companies. Over the years, the Company has undergone massive transformation from a Coal Tar Pitch manufacturing company to being one of the world’s most extensive value chains in the Carbon segment.
The Company is a market leader and a significant player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, Sulphonated Naphthalene Formaldehyde (SNF), and Speciality Oils, among others. The Company has diversified its product portfolio using the power of forward integration. This has empowered the Company to develop advance carbon material and other value-added speciality products. Himadri Speciality Chemical Limited is a public company domiciled and headquartered in India. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Business area of the company

Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.

Products and Industries

Products

Advanced Carbon Materials
Carbon Black
Coal Tar Pitch
Naphthalene Derivatives
SNF
PCE
Corrosion Protection
Speciality Oils
Power

Industries

Lithium - Ion Battery
Aluminium
Graphite
Infrastructure / Construction
Tyres
Mechanical Rubber Goods
Plastics
Dyes And Intermediaries
Others

Awards

3rd Prize in Best Practices in Industrial Relations by Hoogly Chamber of Commerce and Industries (HCCI)
2nd Prize in Best Practices in Industrial Relations by Hoogly Chamber of Commerce and Industries (HCCI)
ET Bengal Corporate Award 2013 as Best Company in West Bengal In Large Corporate Sector with Turnover Exceeding Rs 1000 crore
ET Bengal Corporate Award 2014 as Highest Job Creator In Large Corporate Sector with Turnover Exceeding Rs 1000 crore
16th Annual Greentech Safety Silver Award- 2017 by Greentech Foundation, New Delhi
Platinum Award & Top 100 in International Annual Report Competition 2018 by League of American Communications Professionals LLC (LACP)
India's Best Company of the Year Award 2017 by IBC InfoMedia in collaboration with Media Research Group (MRG)
Recognized as Star Export House 2018 by Ministry of Commerce, Govt. of India
Mr. Anurag Choudhary, CEO, receives Asia Pacific Entrepreneurship Awards (APEA) India 2018 by Enterprise Asia
Mr. Anurag Choudhary, CEO, recognized as 'World's 100 Greatest Leaders 2017-2018, At the Fourth edition of India-UAE Business and Social Forum 2018 & WGBL 4th Edition Summit Organized by AsiaOne Magazine & URS-United Research Services Media Consulting PL and having PricewaterhouseCoopers PL as the process reviewer of the Award.
World's 100 Greatest Brands 2017-18 Asia & GCC 2018, At the Fourth edition of India-UAE Business and Social Forum 2018 & WGBL 4th Edition Summit Organized by AsiaOne Magazine & URS-United Research Services Media Consulting PL and having PricewaterhouseCoopers PL as the process reviewer of the Award.
18th Annual Greentech Environment Award 2018 by Greentech Foundation, New Delhi
Wealth Creator Award among the Next 500 Companies by 'Fortune India' Selected by CII as Winner “Within the Fence” Category at its National Competition for Excellence 2018 in Water Management
Gold Award & Top 100 in International Annual Report Competition 2019 by League of American Communications Professionals LLC (LACP)
Gold Award for the Year, 2018 in Safety Practices by Greentech Foundation Identified as Growth Champions(Ranked 76) in Economic times-Statista inaugural edition of India's Growth Champions 2020 by Economic Times (2020)
Recognized as the Fastest Growing Company in ET Bengal Corporate Awards 2020

Milestones

1990- Commissioned coal tar distillation plant in Liluha, Howrah, West Bengal
1993- Commissioned distillation plant in Howrah and a manufacturing unit at Vishakhapatnam
2000- Merged Himadri ispat coal tar distillation facility with the company
2005- Commissioned coal tar distillation plant in Liluha, Howrah, West Bengal
2006- Commissioned byproduct refining plant at Mahistrikry, Hooghly
2007- Established pitch melting plant at Kobra
2008- Started production of advanced carbon material
2009- Acquired SNF plant in Vapi
2009- Commissioned a carbon black plant and power plant at Mahistikry
2010- Completed capacity addition at the coal tar pitch in Mahistikry
2010- Completed capacity addition for SNF plant in Vapi
2011- Completed capacity addition for carbon black plant at Mahistikry
2011- Established 100% export oriented unit in Falta SEZ for advanced carbon materials
2011- Established a coal tar pitch plant in China
2012- Completed Brownfield expansion of the power plant
2013- Initiated a Brownfield project to enhance the company’s coal tar distillation capacity in India by 60%
2014- Commenced expanded coal tar distillation capacity at Mahistikry
2015- Initiated setting up a pitch melting plant at Sambalpur, Odisha
2016- Transformed identity to Himadri Speciality Chemical to faithfully reflect the depth and distinctiveness of the business
2019- Himadri Speciality Chemical allots commercial papers worth Rs 60 crore
2020- Himadri Speciality Chemical starts operations of Carbon Black manufacturing at Mahistikry Plant