In , Himadri Speciality Chemical Ltd (Carbon Black) is outperforming Nifty 500 with +41.4% relative strength. Fundamentals: Average. On a 4-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: World's largest single-site specialty carbon black plant now in trial production, driving volume growth and margin expansion
Impact: +₹350 Cr revenue
“Commencement of trial production for the speciality carbon black expansion project, making Himadri the owner of the world's largest single-site speciality carbon black plant with a capacity of 130,000 metric tons per annum”
What: New export corridor established with first 3,600 MT delivery to Middle East, enhancing global market access
Impact: +₹125 Cr revenue
“Commissioned a Mangalore port terminal for coal tar pitch, successfully delivering 3,600 metric tons to the Middle East, establishing a second export corridor alongside Haldia”
What: Entry into high-growth battery materials market with targeted 30%+ ROCE
Impact: +₹500 Cr revenue
“The company is on track for its LFP Cathode Active Material plant by Q3 FY27”
Earnings deceleration risks from management commentary
Trigger: Continued sequential margin pressure
Impact: -200 bps margin impact
Management view: Not explicitly addressed in call, but noted as decline in EBITDA per tonne on sequential basis raising questions about operational efficiency
Monitor: EBITDA per tonne trend
Key quotes from recent conference calls
“The company achieved a significant milestone by commissioning a Mangalore port terminal, enhancing its logistics flexibility and opening access to new global markets. — Management”
“EBITDA per Metric Tonne (9M FY26): INR 16,934, 15% improvement YoY. — Management”
“Anurag Choudhary, CEO, stated that the company aims to double its PAT from FY25 to FY28, leveraging new capacities and value-added products. The company is confident in achieving this target, having already approached its FY26 goals. — Anurag Choudhary, CEO”
Forward-looking targets from management for FY25 to FY28
Implied PAT Growth
100%
Key Milestones
• LFP Cathode plant commissioning by Q3 FY27
• PAT doubling from FY25 to FY28
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +14% | +4% | Inflection Up |
| PAT (Net Profit) | +34% | +52% | Stable |
| OPM | 19.0% | -200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Himadri Speciality Chemical Ltd's latest quarterly results (Mar 2026) show
Himadri Speciality Chemical Ltd's profit is growing with an stable trend.
Himadri Speciality Chemical Ltd's revenue growth trend is turning around (inflection up).
Himadri Speciality Chemical Ltd's operating margin is volatile.
Himadri Speciality Chemical Ltd's long-term compounding rates
Himadri Speciality Chemical Ltd's earnings growth is stable with mixed signals on a sequential basis.
Himadri Speciality Chemical Ltd's trailing twelve month (TTM) performance
Himadri Speciality Chemical Ltd appears undervalued based on our fair value analysis.
Himadri Speciality Chemical Ltd's current PE ratio is 42.8x.
Himadri Speciality Chemical Ltd's current PE is 42.8x.
Himadri Speciality Chemical Ltd's price-to-book ratio is 6.8x.
Himadri Speciality Chemical Ltd is rated Average with a fundamental score of 46.45/100. This score is calculated from objective financial metrics
Himadri Speciality Chemical Ltd has a debt-to-equity ratio of N/A.
Himadri Speciality Chemical Ltd's return ratios over recent years
Himadri Speciality Chemical Ltd's operating cash flow is positive (FY2026).
Himadri Speciality Chemical Ltd's current dividend yield is 0.09%.
Himadri Speciality Chemical Ltd's shareholding pattern (Mar 2026)
Himadri Speciality Chemical Ltd's promoter holding has remained stable recently.
Himadri Speciality Chemical Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
Himadri Speciality Chemical Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.
Himadri Speciality Chemical Ltd has 3 key growth catalysts identified from recent earnings analysis
Himadri Speciality Chemical Ltd has 1 key risk worth monitoring
In Q3 FY26, Himadri Speciality Chemical Ltd's management highlighted
Himadri Speciality Chemical Ltd's management has provided the following forward guidance for FY25 to FY28
Based on quantitative research signals, here is why Himadri Speciality Chemical Ltd may be worth studying
Himadri Speciality Chemical Ltd investment thesis summary:
Himadri Speciality Chemical Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
