Himadri Speciality Chemical Ltd.

BSE: HSCL500184ISIN INE019C01026

Commodities
Carbon Black
BSE 500

Share price

₹562.35+33.45 (+6.32%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹819.50
52W low: ₹420.00
Off 52W high: -31.38%
1M return: -14.77%
3M return: -24.90%
6M return: -11.84%
1Y return: +21.56%
20D avg volume: 1,76,687
50 DMA: ₹634.20
200 DMA: ₹594.36

Key ratios Consolidated

Market cap: ₹28,375 Cr
Current price: ₹562.35
52W high / low: ₹819.50 / ₹420.00
Face value: ₹1.00
P/E: 33.02
P/B: 5.53
EPS (TTM): ₹17.03
Book value / share: ₹101.77
ROE: —
ROCE: 21.00%
Operating margin: —
Net margin: —
Debt / equity: 0.16
Net debt: ₹601.80 Cr
Interest cover: 16.55
Dividend yield: 0.14%
Dividend / share (TTM): ₹0.80
Payout: 4.70%
Cash conversion cycle: 84.9 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,691	1,432	1,288	1,184	1,071	1,118	1,135	1,141	1,137	1,200	1,177	1,053
	41.79	56.31	62.09	46.59	35.93	26.68	13.52	11.96	13.57	12.64	12.39	10.19
	1,733	1,488	1,350	1,230	1,107	1,145	1,148	1,153	1,150	1,213	1,189	1,063
	1,426	1,188	1,082	974.96	870.42	903.75	923.81	946.78	953.19	1,034	1,024	912.55
	1,144	1,003	621.48	611.92	710.76	725.68	712.47	780.57	830.35	828.72	833.66	787.68
	152.43	114.64	94.77	68.99	28.18	5.72	0.00	—	—	—	—	—
	60.68	58.27	48.30	53.06	51.38	41.12	35.68	37.43	34.82	31.46	29.59	26.89
	27.72	22.41	17.39	16.37	14.78	15.83	8.76	11.76	11.30	12.95	13.55	21.22
	21.69	21.30	18.55	17.58	17.39	14.64	13.72	15.22	13.10	12.93	12.61	12.72
	144.78	173.59	210.33	146.86	124.92	122.71	121.09	119.43	104.21	127.26	117.49	97.27
	307.34	300.51	267.89	255.25	236.54	241.22	224.35	205.84	197.30	178.68	165.73	150.15
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	307.34	300.51	267.89	255.25	236.54	241.22	224.35	205.84	197.30	178.68	165.73	150.15
	76.02	72.08	60.36	63.21	60.40	61.86	68.89	64.69	61.60	55.90	50.55	41.37
	231.32	228.43	207.53	192.04	176.14	179.36	155.46	141.15	135.70	122.78	115.18	108.78
	4.60	4.55	3.98	3.84	3.58	3.68	3.15	2.88	2.74	2.49	2.41	2.47
Key metrics
	356.75	344.22	303.83	289.20	268.71	271.69	246.83	232.82	221.70	204.56	191.89	184.09
	21.10%	24.00%	23.60%	24.40%	25.10%	24.30%	21.80%	20.40%	19.50%	17.00%	16.30%	17.50%
	13.70%	16.00%	16.10%	16.20%	16.40%	16.00%	13.70%	12.40%	11.90%	10.20%	9.80%	10.30%
	6.10%	—	5.60%	—	5.70%	—	5.80%	—	—	—	—	—
	57.90%	28.00%	13.50%	3.80%	-5.80%	-6.80%	-3.60%	8.40%	—	—	—	—
	31.30%	27.40%	33.50%	36.10%	29.80%	46.10%	35.00%	29.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	5,595	4,661	4,613	4,185	4,172	2,791	1,679	1,806	2,422	2,072
	206.78	171.29	51.69	42.52	27.97	7.22	14.05	7.99	7.76	5.49
	5,801	4,832	4,664	4,227	4,200	2,799	1,694	1,814	2,430	2,077
	4,670	3,831	3,858	3,654	3,890	2,720	1,629	1,620	1,968	1,716
	3,381	2,670	3,152	3,067	3,285	2,385	1,082	1,273	1,618	1,374
	430.83	197.66	0.00	—	—	—	—	—	—	—
	220.31	193.86	139.39	110.48	91.51	80.77	76.11	74.33	59.56	48.39
	83.89	64.37	44.77	63.87	66.07	35.62	33.43	54.91	71.05	70.45
	79.12	68.16	54.97	49.86	50.85	49.55	46.97	39.24	34.43	33.23
	675.56	604.82	471.99	399.07	426.73	309.62	238.51	227.39	202.56	155.47
	1,131	1,001	806.17	573.86	310.25	78.12	64.57	194.13	462.14	360.96
	0.00	0.00	0.00	0.00	-30.00	-24.65	0.00	0.00	0.00	0.00
	1,131	1,001	806.17	573.86	280.25	53.47	64.57	194.13	462.14	360.96
	271.67	245.83	251.08	163.18	64.39	14.42	17.30	11.22	137.90	113.37
	859.32	755.07	555.09	410.68	215.86	39.05	47.27	205.35	324.24	247.59
	16.97	15.08	11.26	9.16	5.13	0.98	1.13	4.91	7.75	—
Key metrics
	1,294	1,133	905.91	687.59	397.17	138.64	144.97	288.28	567.62	464.64
	23.13%	24.30%	19.60%	16.40%	9.50%	5.00%	8.60%	16.00%	23.40%	22.40%
	15.36%	16.20%	12.00%	9.80%	5.20%	1.40%	2.80%	11.40%	13.40%	12.00%
	—	21.00%	21.00%	—	—	—	—	—	—	—
	25.31%	1.00%	10.20%	0.30%	49.50%	66.20%	-7.00%	-25.50%	16.90%	—
	31.78%	36.00%	35.20%	90.30%	452.80%	-17.40%	-77.00%	-36.70%	31.00%	—
	—	-67.71	276.27	—	—	—	—	—	—	—
	—	0.51	0.81	—	—	—	—	—	—	—
	—	0.16	0.08	—	—	—	—	—	—	—
	—	601.80	153.60	—	—	—	—	—	—	—
	—	84.9	77.5	—	—	—	—	—	—	—
Balance sheet
	—	6,306	4,656	—	—	—	—	—	—	—
	—	2,824	2,151	—	—	—	—	—	—	—
	—	164.76	155.11	—	—	—	—	—	—	—
	—	696.42	632.82	—	—	—	—	—	—	—
	—	762.96	585.20	—	—	—	—	—	—	—
	—	462.49	230.96	—	—	—	—	—	—	—
	—	1,812	1,502	—	—	—	—	—	—	—
	—	375.42	239.30	—	—	—	—	—	—	—
	—	1,236	604.84	—	—	—	—	—	—	—
	—	766.56	308.71	—	—	—	—	—	—	—
	—	762.11	305.98	—	—	—	—	—	—	—
	—	4.45	2.73	—	—	—	—	—	—	—
	—	4,762	3,771	—	—	—	—	—	—	—
Cash flow
	—	382.00	446.87	—	—	—	—	—	—	—
	—	-963.81	-235.21	—	—	—	—	—	—	—
	—	591.46	-271.42	—	—	—	—	—	—	—
	—	449.71	170.60	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,543	1,274	1,101	1,133	1,070	1,100	1,129	1,132	1,135	1,200	1,177	1,053
	44.33	58.45	61.91	48.50	38.29	27.60	13.37	11.67	13.31	12.55	12.40	10.20
	1,587	1,333	1,163	1,181	1,109	1,128	1,142	1,143	1,149	1,212	1,189	1,063
	1,269	1,039	919.93	924.64	861.56	883.92	915.50	937.69	952.70	1,033	1,025	913.45
	1,144	1,002	621.60	613.33	714.18	724.82	712.48	780.79	833.45	830.27	835.97	789.57
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	42.94	42.09	35.60	41.49	40.14	33.73	30.30	31.39	32.94	29.74	29.49	26.80
	26.55	21.22	15.99	14.87	13.17	14.37	8.71	11.71	11.25	12.90	13.52	21.17
	19.69	19.25	16.64	15.69	15.59	12.90	12.26	12.50	12.49	12.37	12.08	12.19
	131.12	151.91	176.63	139.77	117.06	118.87	119.68	118.84	103.16	126.75	117.36	96.95
	317.87	294.07	243.29	256.83	247.14	244.10	226.88	205.79	195.82	179.24	164.22	149.26
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	317.87	294.07	243.29	256.83	247.14	244.10	226.88	205.79	195.82	179.24	164.22	149.26
	78.10	70.65	57.59	62.25	60.29	61.53	68.65	63.85	61.38	55.79	49.61	41.37
	239.77	223.42	185.70	194.58	186.85	182.57	158.23	141.94	134.44	123.45	114.61	107.89
	4.75	4.43	3.68	3.89	3.78	3.70	3.21	2.87	2.73	2.50	2.40	2.45
Key metrics
	364.11	334.54	275.92	287.39	275.90	271.37	247.85	230.00	219.56	204.51	189.82	182.62
	23.60%	26.30%	25.10%	25.40%	25.80%	24.70%	22.00%	20.30%	19.30%	17.00%	16.10%	17.40%
	15.50%	17.50%	16.90%	17.20%	17.50%	16.60%	14.00%	12.50%	11.80%	10.30%	9.70%	10.30%
	6.40%	—	5.30%	—	6.10%	—	6.00%	—	—	—	—	—
	44.10%	15.80%	-2.50%	0.10%	-5.70%	-8.30%	-4.10%	7.50%	—	—	—	—
	28.30%	22.40%	17.40%	37.10%	39.00%	47.90%	38.10%	31.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	5,051	4,405	4,596	4,185	4,172	2,791	1,679	1,804	2,377	2,022
	213.19	176.30	50.90	42.55	27.97	7.22	13.83	4.97	10.69	7.49
	5,264	4,581	4,647	4,227	4,200	2,799	1,693	1,808	2,387	2,029
	4,152	3,590	3,839	3,654	3,898	2,719	1,629	1,611	1,942	1,673
	3,381	2,674	3,157	3,072	3,297	2,392	1,156	1,208	1,604	1,332
	0.00	0.00	0.00	—	—	—	—	—	—	—
	162.12	150.96	124.37	109.96	90.95	80.16	75.51	73.25	58.12	46.63
	78.63	58.40	44.57	63.72	65.87	35.04	33.21	54.52	70.57	70.43
	71.27	60.82	49.62	47.75	48.66	46.63	44.22	36.68	32.53	31.41
	599.43	552.33	468.43	397.72	425.38	307.21	236.29	223.87	193.26	149.77
	1,112	991.36	807.73	573.14	301.81	79.47	63.98	197.75	445.02	355.93
	0.00	0.00	0.00	—	-30.00	—	—	-127.99	—	—
	1,112	991.36	807.73	573.14	271.81	79.47	63.98	69.76	445.02	355.93
	268.59	241.66	249.67	162.14	64.00	14.41	17.30	11.22	137.72	113.35
	843.47	749.70	558.06	411.00	207.81	65.06	46.68	80.98	307.30	242.58
	16.75	15.05	11.31	9.17	4.94	1.55	1.11	1.93	7.34	—
Key metrics
	1,262	1,111	901.92	684.61	386.34	161.14	141.41	160.96	548.12	457.77
	24.98%	25.20%	19.60%	16.40%	9.30%	5.80%	8.40%	8.90%	23.10%	22.60%
	16.70%	17.00%	12.10%	9.80%	5.00%	2.30%	2.80%	4.50%	12.90%	12.00%
	—	21.30%	21.70%	—	—	—	—	—	—	—
	13.98%	-4.10%	9.80%	0.30%	49.50%	66.20%	-6.90%	-24.10%	17.60%	—
	25.97%	34.30%	35.80%	97.80%	219.40%	39.40%	-42.40%	-73.60%	26.70%	—
	—	47.64	293.38	—	—	—	—	—	—	—
	—	0.62	0.82	—	—	—	—	—	—	—
	—	0.16	0.08	—	—	—	—	—	—	—
	—	577.78	154.77	—	—	—	—	—	—	—
	—	90.0	77.8	—	—	—	—	—	—	—
Balance sheet
	—	6,087	4,522	—	—	—	—	—	—	—
	—	2,599	2,121	—	—	—	—	—	—	—
	—	143.97	153.03	—	—	—	—	—	—	—
	—	751.76	627.70	—	—	—	—	—	—	—
	—	695.21	585.92	—	—	—	—	—	—	—
	—	302.05	212.62	—	—	—	—	—	—	—
	—	1,727	1,448	—	—	—	—	—	—	—
	—	360.82	234.78	—	—	—	—	—	—	—
	—	1,162	596.42	—	—	—	—	—	—	—
	—	721.75	307.80	—	—	—	—	—	—	—
	—	719.24	305.60	—	—	—	—	—	—	—
	—	2.51	2.20	—	—	—	—	—	—	—
	—	4,623	3,648	—	—	—	—	—	—	—
Cash flow
	—	465.81	455.03	—	—	—	—	—	—	—
	—	-1,051	-241.54	—	—	—	—	—	—	—
	—	576.22	-269.85	—	—	—	—	—	—	—
	—	418.17	161.65	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +1.83%
Sales CAGR 5Y: +21.27%
Profit CAGR 3Y: +53.37%
Profit CAGR 5Y: +74.24%
Sales YoY (TTM): +13.98%
Profit YoY (TTM): +25.97%

Consolidated

Sales CAGR 3Y: +3.76%
Sales CAGR 5Y: +22.65%
Profit CAGR 3Y: +51.80%
Profit CAGR 5Y: +74.05%
Sales YoY (TTM): +25.31%
Profit YoY (TTM): +31.78%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 52.49%

Quarter	September 2026	June 2026
Promoter %	52.49%	52.50%

Holder	Type	Holding	Previous	Change
MODERN HI-RISE PRIVATE LIMITED	Promoter Group	36.75%	36.75%	0.00%
ANURAG CHOUDHARY	Promoter	8.58%	8.59%	-0.01%
AMIT CHOUDHARY	Promoter	3.52%	3.52%	0.00%
NARANTAK DEALCOMM LIMITED	Public	2.17%	2.56%	-0.39%
SHYAM SUNDAR CHOUDHARY	Promoter	1.64%	1.64%	0.00%
STOCK BROKER	Public	1.41%	1.25%	+0.16%
VT CAPITAL MARKET PRIVATE LIMITED	Public	1.30%	—	—
PENGUIN TRADING & AGENCIES LTD	Public	1.18%	1.68%	-0.50%
LIFE INSURANCE CORPORATION OF INDIA	Public	1.14%	1.10%	+0.04%
SHIKHA CHOUDHARY	Promoter Group	0.73%	0.73%	0.00%
SHEELA DEVI CHOUDHARY	Promoter Group	0.59%	0.59%	0.00%
HIMADRI CREDIT AND FINANCE LTD	Promoter Group	0.29%	0.29%	0.00%
CLIENT MARGING TRADING /CLIEN COLLAATERAL ACCOUNT	Public	0.22%	0.28%	-0.06%
ANOOSHKA C BATHWAL	Promoter Group	0.22%	0.22%	0.00%
RINKU CHOUDHARY	Promoter Group	0.17%	0.17%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Himadri Speciality Chemical Ltd.	28,375	562.35	33.02	21.00%	+25.31% TTM	+31.78% TTM	+21.56%
PCBL Chemical Limited	10,962	278.60	40.40	8.90%	+5.78% TTM	-22.28% TTM	-21.75%

Filings & corporate actions

Recent announcements

Newspaper Publication regarding loss of share certificates2 Nov 2026 · Company Update / Newspaper Publication
Revision of list of Senior Management Personnel of the Company30 Oct 2026 · Company Update / Change in Management
Alteration of Memorandum of Association ("MOA") and adoption of New set of MOA as per Companies Act, 201328 Oct 2026 · Company Update / Amendments to Memorandum & Articles of Association
Transcript of Earnings Conference Call for Financial Performance for the 2nd Quarter and half year ended 30 September 202628 Oct 2026 · Company Update / Earnings Call Transcript
Scrutinizer''s Report28 Oct 2026 · AGM/EGM / Postal Ballot
Proceedings of Postal Ballot and Voting Results along with Scrutinizer''s Report28 Oct 2026 · AGM/EGM / Postal Ballot
Audio recording of Earnings Conference Call for Financial Performance for the 2nd Quarter ended 30 September 2026 held on Thursday, 22 October 202622 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication17 Oct 2026 · Company Update / Newspaper Publication
Press Release17 Oct 2026 · Company Update / Press Release / Media Release
Investor Presentation17 Oct 2026 · Company Update / Investor Presentation
We would like to inform you that the Earnings Conference Call ('Earnings Call') of the Company to discuss the financial results for Q2 & H1 FY27 has been scheduled on Thursday, 22 October ....16 Oct 2026 · Company Update / Analyst / Investor Meet
Monitoring Agency Report for the quarter ended 30 September 2026.16 Oct 2026 · Company Update / Monitoring Agency Report
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we would like to inform you that the Board of the ....16 Oct 2026 · Board Meeting / Outcome of Board Meeting
Un-audited Financial Results for the quarter and six months ended 30 September 202616 Oct 2026 · Result / Financial Results
Intimation regarding Issuance and Allotment of Commercial Paper amounting to Rs. 150 Crores9 Oct 2026 · Company Update / General
Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 20269 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Himadri Speciality Chemical Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve Notice pursuant ....9 Oct 2026 · Board Meeting / Board Meeting
Press Release titled "Himadri Speciality Chemical Ltd Wins Golden Peacock Award for Sustainability 2026"8 Oct 2026 · Company Update / Press Release / Media Release
Redemption of Commercial paper7 Oct 2026 · Others / Intimation of Repayment of Commercial Paper (CP)
Newspaper Publication(s) -Postal Ballot Notice26 Sep 2026 · Company Update / Newspaper Publication
This is to inform you that the Trading Window to deal with Securities of the Company will remain closed for all designated persons (including their immediate relatives) from 01 October ....25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Notice of Postal Ballot through Electronic Voting25 Sep 2026 · AGM/EGM / Postal Ballot
Divestment of stake in Sturdy Niketan Private Limited, Step-down Subsidiary by Trancemarine and Confreight Logistics Private Limited, a Subsidiary of the Company.24 Sep 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we would like to inform you that the officials of ....23 Sep 2026 · Company Update / Analyst / Investor Meet
Scheme of Arrangement between Dalmia Bharat Refractories Limited(Demerged Company) and Himadri Speciality Chemical Ltd (Resulting Company)21 Sep 2026 · Company Update / Scheme of Arrangement
Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), ....21 Sep 2026 · Others / Outcome without intimation
This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on 21 September 2026 inter-alia to consider and approve the proposed Scheme of Arrangement ....18 Sep 2026 · Company Update / General
This is to inform you that the Board of Directors of Himadri Speciality Chemical Ltd at its meeting held today i.e., on 18 September 2026, inter-alia has considered and approved the alteration ....18 Sep 2026 · Others / Outcome without intimation
This is to inform you that the Board of Directors at its meeting held on 18.09.2026 inter-alia has considered and approved alteration of existing Memorandum of Association, subject to approval ....18 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we would like to inform you that the officials of ....16 Sep 2026 · Company Update / Analyst / Investor Meet
Newspaper publication regarding Loss of Share Certificates15 Sep 2026 · Company Update / Newspaper Publication
Incorporation of foreign Wholly Owned Subsidiary in Dubai, UAE31 Aug 2026 · Company Update / Acquisition
Update on investment in Sicona Battery Technologies Pty Ltd25 Aug 2026 · Company Update / Acquisition
Allotment of Equity Shares pursuant to Himadri Employee Stock Option Plan 201610 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Transcript of Earnings Conference Call21 Jul 2026 · Company Update / Earnings Call Transcript
Audio recording of Earnings Conference Call for Financial Performance for the 1st Quarter ended 30 June 2026 held on Thursday, 16 July 202616 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Unaudited Financial Results of the Company for the quarter ended 30 June 202616 Jul 2026 · Company Update / Newspaper Publication
Press Release15 Jul 2026 · Company Update / Press Release / Media Release
Investor Presentation15 Jul 2026 · Company Update / Investor Presentation
Monitoring Agency Report for the quarter ended 30 June 202615 Jul 2026 · Company Update / Monitoring Agency Report

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.8000	22 May 2026	22 May 2026	—
Dividend - Rs. - 0.6000	23 May 2025	23 May 2025	—

Board meetings

16 Oct 2026 Board Meeting - Financial Results