Himadri Speciality Chemical Ltd (Carbon Black) — fundamental analysis, earnings data, and key metrics. PE: 31.7. ROE: 16.4%. This stock is not currently in the Nifty 500 momentum outperformers list.
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
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 (Dec 2025) show
Himadri Speciality Chemical Ltd's current PE ratio is 31.7x.
Himadri Speciality Chemical Ltd's price-to-book ratio is 5.5x.
Himadri Speciality Chemical Ltd's fundamental strength based on key financial ratios
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 (FY2025).
Himadri Speciality Chemical Ltd's current dividend yield is 0.14%.
Himadri Speciality Chemical Ltd's shareholding pattern (Dec 2025)
Himadri Speciality Chemical Ltd's promoter holding has increased recently.
Himadri Speciality Chemical Ltd is an established outperformer with 1 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.
