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    Himadri Speciality Chemical Limited

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

    Chemicals
    Commodities
    View HSCL earnings calls
    ₹741.55
    +14.93% from avg

    Overview

    Price

    ₹741.55

    Market Cap

    ₹38.7k Cr

    Sector

    Chemicals

    Commodities

    Rank

    3

    Performance

    Explore HSCL

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4242424349494950
    Reserves1.6k1.7k1.8k2.2k2.9k3.6k4.0k4.6k
    Borrowings505724582838602310864723
    Other Liabilities300266998553775565585741
    Total Liabilities2.5k2.7k3.4k3.6k4.4k4.5k5.5k6.1k
    AssetsFixed Assets1.4k1.4k1.5k1.5k1.5k1.5k1.7k1.8k
    CWIP158160779467176443234
    Investments47661131324776287231.2k
    Other Assets8631.1k1.7k1.9k2.3k2.3k2.7k2.8k
    Total Assets2.5k2.7k3.4k3.6k4.4k4.5k5.5k6.1k

    Valuation

    Assumptions

    Current — HSCL
    Price
    ₹742
    EPS (TTM)
    ₹12.61
    PE (TTM)
    58.8
    Profit growth
    43.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (36.5×) and current (58.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹742
    vs
    Fair value · 15% return
    ₹1,400
    89%Undervalued

    At 43.3% growth and a 37× exit, ₹742 only delivers your return if you pay ₹1,400. The price is currently baking in 28% growth.

    EPS grows 43.3%/yr for 5 years, then fades to 6% over 2, exits at 37×.

    YearGrowthEPS (₹)
    FY2743.3%18.07
    FY2843.3%25.89
    FY2943.3%37.11
    FY3043.3%53.17
    FY3143.3%76.20
    FY3224.6% ·fade94.98
    FY336.0% ·fade100.68

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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