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Himadri Speciality Chemical share price & results

Himadri Speciality Chemical Limited· Chemicals· Commodities

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Kolkata coal-tar-pitch and speciality carbon black maker, now expanding into EV battery materials and tyres.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,543 ₹ crore+44.2% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin21.0 %−1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit240 ₹ crore+28.3% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity16.63 %+1.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-1.35 %−7.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)25.31 %−9.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

6 of 9 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Himadri Speciality Chemical Limited management guidance track record on Inve: 24 targets tracked across analysed earnings calls (6 achieved, 3 missed, 15 open).

TargetOriginal wordingSaidLatest callVerdict
Minimum Quarterly Gross SalesMinimum topline of ~₹500 Crores per quarterQ1 FY18Q1 FY27:Q1 FY27 revenue was ₹1,432 crores, continuing to significantly exceed the original floor set in FY18.
Call transcript, Q1 FY27 · 16 Jul 2026		Achieved
Advanced Carbon Material Capacity20,000 MT capacity to be operational by exit FY20Q4 FY18Q1 FY27:The original 20,000 MT target from FY18 remains unaddressed. The company's focus is firmly on its new anode and LFP cathode material strategy, making this old promise obsolete.
Call transcript, Q1 FY27 · 16 Jul 2026		Ghosted
Net Profit DoublingDouble Net Profit from FY24 to FY27 (from ~₹411 Cr to ~₹822 Cr)
Call transcript, Q1 FY26 · 18 Jul 2025		Q1 FY26Q1 FY27:Management reiterated the PAT target of ₹1,100 crores, but pulled the timeline forward from FY28 to FY27, representing a significant acceleration. Q1 FY27 PAT was ₹228 crores, an annualized run rate of ₹912 crores.
Call transcript, Q1 FY27 · 16 Jul 2026		Revised Up

Source: Inve Guidance Tracker for Himadri Speciality Chemical Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Himadri Speciality Chemical Limited's 24 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.

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Price

₹541.5 +3.69% · +₹19.25

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +14.7% 1Y

₹400₹500₹600₹700₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 21 Jan 2026Q3 FY26 — 28 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 16 Jul 2026

1Y: ₹471.9 on 24 Oct 2025 → ₹541.5. High ₹800.9 (21 Jul 2026), low ₹422 (24 Nov 2025).

Previous close
₹522.25
Market cap
₹27.3k Cr
52-week range
₹422 – ₹800.9
One year
+14.22%
Price to earnings (TTM to Sept 2026)
32.02×
Return on equity (TTM to Sept 2026)
16.63%

Overview

Symbol
NSE:HSCL
Sector
Chemicals
Industry
Commodities
Exchange
NSE
Currency
INR

What Himadri Speciality Chemical Limited does

Based on the company's own presentations, annual report and earnings calls.

Himadri Speciality Chemical is a coal-tar-pitch and carbon-black producer that has forward-integrated its coal-tar value chain into speciality carbon black, naphthalene-based consumer products, and advanced battery materials (anode material and LFP cathode active material) for EVs and energy storage. It also owns Birla Tyres, which manufactures off-highway, commercial-vehicle and speciality tyres. Its integrated Mahistikry (West Bengal) complex houses what the company describes as the world's largest single-location speciality carbon black facility, and it exports its coal-tar-pitch and carbon-black portfolio to customers across 61 countries through dedicated liquid-pitch terminals at Haldia and Mangalore ports.

Segments

  • Coal Tar Distillation and Pitch
  • Carbon Black
  • New Energy Materials
  • Tyres
Total carbon black capacity
250,000 MTPA
Speciality carbon black capacity
130,000 MTPA
Mahistikry (West Bengal) plant
World's largest single-location speciality carbon black facility
Export footprint
Products sold across 61 countries
Speciality carbon black product range
9 speciality black series, 70+ grades
Anode material production capacity
200 MTPA (first facility, Mahistikry, West Bengal)
Founded 1987Headquarters Kolkata, West Bengal, India Company website

How the price took the results

close before → close after

Q1 FY27
+6.0%
16 Jul
Q4 FY26
+0.8%
27 Apr
Q3 FY26
+0.5%
21 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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