Chemicals · NIFTY 500
Himadri Speciality Chemical Limited
NSEHSCL
BSE500184 ISININE019C01026 SeriesEQ Listed on NSE · BSE
₹562.55 -12.15 (-2.11%) Updated 12 Nov, 7:17 pm IST
Price, daily close+22.83% in a year
Today
- Open
- ₹574.50
- Prev close
- ₹574.70
- Day high
- ₹580.50
- Day low
- ₹560.60
- Volume
- 12.28 L
- Value traded
- ₹69.81 Cr
- Upper circuit
- ₹689.60
- Lower circuit
- ₹459.80
- 52W high
- ₹819.50
- 52W low
- ₹418.50
- 1 month
- -13.92%
- 6 months
- -7.76%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹28,386 Cr
P/E (TTM)33.15
P/B5.53
Book value / share₹101.77
EPS (TTM)₹16.97
ROE16.6%
Dividend yield0.14%
Dividend (12m)₹0.80 / share
Net margin (TTM)15.3%
Operating margin18.6%
Debt / equity0.23
Current ratio2.07
EV / EBITDA27.08
Sales growth (YoY qtr)+57.93%
Profit growth (YoY qtr)+31.51%
Sales CAGR 3Y+3.76%
Profit CAGR 3Y+51.52%
Shares50.46 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+12%+2.0%-5.3%+0.3%-0.5%-1.4%-4.2%+11%+8.8%+11%+18%
Revenue · YoY (vs a year ago)
————+8.4%-3.6%-6.8%-5.8%+3.8%+13%+28%+58%
Net profit · QoQ (vs last quarter)
—+5.8%+6.5%+10%+4.9%+9.5%+17%-2.8%+8.8%+4.5%+14%+1.2%
Net profit · YoY (vs a year ago)
————+31%+35%+48%+31%+35%+29%+26%+32%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+15%+29%+47%+31%+35%+28%+25%+30%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,053 | 1,177 | 1,200 | 1,137 | 1,141 | 1,135 | 1,118 | 1,071 | 1,184 | 1,288 | 1,432 | 1,691 |
| Other income | 10.2 | 12.4 | 12.6 | 13.6 | 12.0 | 13.5 | 26.7 | 35.9 | 46.6 | 62.1 | 56.3 | 41.8 |
| Total income | 1,063 | 1,189 | 1,213 | 1,150 | 1,153 | 1,148 | 1,145 | 1,107 | 1,230 | 1,350 | 1,488 | 1,733 |
| Raw material | 788 | 834 | 829 | 830 | 781 | 712 | 726 | 711 | 612 | 621 | 1,003 | 1,144 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7 | 28.2 | 69.0 | 94.8 | 115 | 152 |
| Employee cost | 26.9 | 29.6 | 31.5 | 34.8 | 37.4 | 35.7 | 41.1 | 51.4 | 53.1 | 48.3 | 58.3 | 60.7 |
| Other expenses | 97.3 | 117 | 127 | 104 | 119 | 121 | 123 | 125 | 147 | 210 | 174 | 145 |
| Total expenses | 913 | 1,024 | 1,034 | 953 | 947 | 924 | 904 | 870 | 975 | 1,082 | 1,188 | 1,426 |
| Operating profit | 174 | 180 | 192 | 208 | 221 | 233 | 245 | 233 | 243 | 242 | 288 | 315 |
| OPM % | 16.5% | 15.3% | 16.0% | 18.3% | 19.4% | 20.6% | 21.9% | 21.7% | 20.5% | 18.8% | 20.1% | 18.6% |
| Finance cost | 21.2 | 13.6 | 13.0 | 11.3 | 11.8 | 8.8 | 15.8 | 14.8 | 16.4 | 17.4 | 22.4 | 27.7 |
| Depreciation | 12.7 | 12.6 | 12.9 | 13.1 | 15.2 | 13.7 | 14.6 | 17.4 | 17.6 | 18.6 | 21.3 | 21.7 |
| Profit before tax | 150 | 166 | 179 | 197 | 206 | 224 | 241 | 237 | 255 | 268 | 301 | 307 |
| Tax | 41.4 | 50.6 | 55.9 | 61.6 | 64.7 | 68.9 | 61.9 | 60.4 | 63.2 | 60.4 | 72.1 | 76.0 |
| Net profit | 109 | 115 | 123 | 136 | 141 | 155 | 179 | 176 | 192 | 208 | 228 | 231 |
| Profit to shareholders | 109 | 115 | 123 | 135 | 142 | 156 | 182 | 177 | 192 | 201 | 230 | 232 |
| EPS (₹) | 2.47 | 2.41 | 2.48 | 2.72 | 2.85 | 3.12 | 3.65 | 3.55 | 3.84 | 3.98 | 4.55 | 4.60 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-25%-7.0%+66%+49%+0.3%+10%+1.0%
Net profit · YoY (vs a year ago)
—-37%-77%-14%+428%+90%+35%+35%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,422 | 1,806 | 1,679 | 2,791 | 4,172 | 4,185 | 4,613 | 4,661 |
| Other income | 7.8 | 8.0 | 14.1 | 7.2 | 28.0 | 42.5 | 51.7 | 171 |
| Total expenses | 1,968 | 1,620 | 1,629 | 2,720 | 3,890 | 3,654 | 3,858 | 3,831 |
| Employee cost | 59.6 | 74.3 | 76.1 | 80.8 | 91.5 | 110 | 139 | 194 |
| Operating profit | 560 | 280 | 131 | 131 | 369 | 645 | 854 | 962 |
| OPM % | 23.1% | 15.5% | 7.8% | 4.7% | 8.8% | 15.4% | 18.5% | 20.6% |
| Finance cost | 71.1 | 54.9 | 33.4 | 35.6 | 66.1 | 63.9 | 44.8 | 64.4 |
| Depreciation | 34.4 | 39.2 | 47.0 | 49.6 | 50.9 | 49.9 | 55.0 | 68.2 |
| Profit before tax | 462 | 194 | 64.6 | 53.5 | 280 | 574 | 806 | 1,001 |
| Tax | 138 | -11.2 | 17.3 | 14.4 | 64.4 | 163 | 251 | 246 |
| Tax rate % | 29.8% | -5.8% | 26.8% | 27.0% | 23.0% | 28.4% | 31.1% | 24.6% |
| Net profit | 324 | 205 | 47.3 | 39.1 | 216 | 411 | 555 | 755 |
| Profit to shareholders | 324 | 205 | 47.5 | 40.9 | 216 | 411 | 556 | 751 |
| Net margin % | 13.4% | 11.4% | 2.8% | 1.5% | 5.2% | 9.8% | 12.0% | 16.1% |
| EPS (₹) | 7.74 | 4.91 | 1.13 | 0.98 | 5.13 | 9.16 | 11.17 | 15.02 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 22
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+22%+34%+22%+26%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 22 | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|---|
| Shareholders' equity | 1,868 | 2,281 | 3,046 | 3,722 | 4,707 | 5,135 |
| Long-term borrowings | 93.2 | 48.3 | 21.5 | 2.7 | 4.5 | 3.6 |
| Short-term borrowings | 485 | 788 | 579 | 306 | 762 | 1,152 |
| Total borrowings | 578 | 836 | 600 | 309 | 767 | 1,156 |
| Current liabilities | 1,412 | 1,248 | 1,203 | 605 | 1,236 | 1,462 |
| Fixed assets (PPE) | 1,514 | 1,488 | 1,510 | 1,502 | 1,812 | 1,893 |
| Inventories | 772 | 544 | 703 | 585 | 763 | 806 |
| Trade receivables | 505 | 505 | 656 | 633 | 696 | 1,026 |
| Cash & equivalents | 173 | 208 | 215 | 155 | 165 | 95.9 |
| Current assets | 1,668 | 1,885 | 2,307 | 2,151 | 2,824 | 3,029 |
| Total assets | 3,454 | 3,678 | 4,449 | 4,656 | 6,306 | 6,977 |
| Debt / equity | 0.31 | 0.37 | 0.20 | 0.08 | 0.16 | 0.23 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-84%+650%+10%-15%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 331 | 54.0 | 405 | 447 | 382 |
| Cash from investing | -28.2 | -397 | -405 | -235 | -964 |
| Cash from financing | -182 | 377 | 7.2 | -271 | 591 |
| Spent on fixed assets | -23.2 | -82.5 | -52.4 | -171 | -450 |
| Free cash flow | 308 | -28.6 | 352 | 276 | -67.7 |
| Net cash flow | 121 | 34.4 | 7.1 | -59.8 | 9.7 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
52.5%promoter
- Promoter & group
- 52.49%
- Public (FIIs, mutual funds, retail…)
- 47.51%
- Promoter change, last quarter
- -0.01 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Re 0.80 Per Share
- Dividend - Rs 0.60 Per Share
- Annual General Meeting/Dividend - Re 0.50 Per Share
- Annual General Meeting/Dividend - Re 0.25 Per Share
- Annual General Meeting/Dividend - Re 0.20 Per Share
- Annual General Meeting/Dividend - Rs 0.15 Per Share
- Annual General Meeting/Dividend - Rs 0.15 Per Sharee
- Annual General Meeting/Dividend - Rs 0.15 Per Share
Board meetings
- HIMADRI SPECIALITY CHEMICAL LIMITED has informed the Exchange about Board Meeting to be held on 16-Oct-2026 to inter-alia consider and approve the Un…
- the financial results for the period ended September 30, 2026
- the financial results for the period ended Jun 30, 2026
- HIMADRI SPECIALITY CHEMICAL LIMITED has informed the Exchange about Board Meeting to be held on 15-Jul-2026 to inter-alia consider and approve the Un…
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.
Filings with NSE
- Outcome of Board Meeting
- Copy of Newspaper Publication
- Change in Management
- Amendment to AOA/MOA
- Analysts/Institutional Investor Meet/Con. Call Updates
- Shareholders meeting
- Analysts/Institutional Investor Meet/Con. Call Updates
Latest news
Himadri Speciality Chemical share price: Why did this multibagger stock suffer its biggest weekly fall since 2008?Livemint · 23 Oct, 12:30 pmHimadri Specialty Chemical shares fall nearly 7% as margin pressures overshadow Q2 revenue, profit growthCNBC TV18 · 19 Oct, 12:30 pmHimadri Speciality Chemical shares slip as large-cap stock hits rule-based decline screenIndiatimes · 25 Aug, 12:30 pmEarnings call transcript: Himadri Speciality Chemical Q2 2026 stock falls on marginsInvesting.com · 22 Oct, 12:30 pmHimadri Speciality Chemicals shares jump 3% as board approves tyre business demerger from Dalmia Bharat RefractoriesUpstox · 21 Sep, 12:30 pmWhy Himadri Speciality Chemical Share Price is RisingEquitymaster · 24 Apr, 12:30 pmHimadri Speciality up 51% in 2 months; hits new high; what's driving stock?Business Standard · 10 Jun, 12:30 pmStock Crash: This specialty chemical stock has seen its worst weekly fall in nearly two decadesCNBC TV18 · 23 Oct, 12:30 pmAbout
About Himadri Speciality Chemical Limited
Himadri Speciality Chemical Limited is listed on the NSE under the symbol HSCL and belongs to the Chemicals sector.
Company details
- Company name
- Himadri Speciality Chemical Limited
- NSE symbol
- HSCL
- BSE scrip code
- 500184
- ISIN
- INE019C01026
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 2 Mar 2007
- Face value
- ₹1 per share
- Market lot
- 1 share
- Shares issued
- 50.46 crore
- Index
- NIFTY 500
- Sector (NSE)
- Chemicals
- Industry
- Industrial Specialties
- Managing director / CEO
- Anurag Choudhary
- Chair
- Anurag Choudhary
- Headquarters
- Kolkata, West Bengal, India
- Registered address
- Ruby House 8, India Exchange Place, 2nd Floor, Kolkata -700001
- Founded
- 1990
- Employees
- 3,193
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- himadri.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.