Himadri Share Price Target 2024-2030 Fundamentals & Quarterly Results

Himadri Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Carbon materials and chemicals are made by Himadri Specialty Chemical. Best coal pitch producer of the country is this company and it remains the sole manufacturer of sophisticated carbon material. Additionally largest stakeholder in Naphthalene and Sodium Naphthalene Formaldehyde (SNF) in the nation is this company. They have 8 plants out of which 7 are in India and 1 is in China.

The company has now shifted its attention to the lithium-ion batteries sector where it seeks to manufacture battery materials. In light of this, a production unit costing Rs 48 billion is to be established for two lakh metric tonnes of Lithium-ion Battery components.Himadri Share Price Target

Himadri Speciality Chemical Ltd Overview

Himadri Speciality Chemicals main operation is engagement in manufacturing of carbon materials and chemicals. The number one manufacturer of coal pitch in India as well as the single manufacturer of advanced carbon material is Himadri Speciality Chemicals. With regard to Naphthalene and SNF in India, Himadri Speciality Chemicals stands as the biggest player.

Company NameHimadri Speciality Chemical Ltd
Listed atNSE & BSE
Head OfficeFortuna Tower 23-A, Netaji Subhas Road,
8th Floor, Suite No: 8,
Kolkata- 700 001
Board Of Directors
  • Mr.Anurag Choudhary Chairman & M.D & CEO
  • Mr.Shyam Sundar Choudhary Executive Director
  • Mr.Amit Choudhary Executive Director
  • Mr.Girish Paman Vanvari Independent Director
  • Mr.Sakti Kumar Banerjee Independent Director
  • Mr.Santosh Kumar Agrawala Independent Director
  • Mr.Santimoy Dey Independent Director
  • Mr.Gopal Ajay Malpani Independent Director
  • Ms.Rita Bhattacharya Independent Director
Official Websitehimadri.com

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Himadri Business Profile

Among other specialties, the firm operates in sectors containing Coal tar pitch, carbon black, naphthalene and refined naphthalene, SNF, and specialty oils.

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Manufacturing Capabilities

Out of 7 manufacturing facilities in India that belong to the company, 4 are found in West Bengal, with each of the remaining two being in Chhattisgarh and Odisha. There is also one in Andhra Pradesh, besides one in China. As at March 31, 2021, the Company had a Coal Tar Distillation (CTD) capacity of 500,000 MTPA, Carbon Black (CB) capacity of 180,000 MTPA, SNF capacity of 68,000 MTPA, Advanced Carbon of 600 MTPA and captive power plant (CPP) of 20 MW.

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Industrial Application

In a lot of industries like – Paints, Plastic & Fibre, Anti Corrosive Material, Defence, Aluminium, Housing, Rubber industries, Power, etc, they utilise items from this company.

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Marquee Clients

The company is widely known for its clients such as Vedanta, MRF tyres, Apollo tyres, Pidilite, Hindalco, Cooper Standard, Birla Tyres, CEAT, Goodyear etc.

The focus of The Co. now is on the manufacture of raw materials used in the production of lithium-ion batteries . It is on course with the shift to Electric vehicle and is in the process of coming up with a very strong differentiators for the two.

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Himadri Fundamentals & Quarterly Results

Market Cap₹ 17,245 Cr.
Current Price₹ 350
High / Low₹ 399 / 117
Stock P/E42.0
Book Value₹ 61.8
Dividend Yield0.07 %
ROCE19.1 %
ROE15.7 %
Face Value₹ 1.00
Debt to equity0.20
Debt Capacity0.07
Debt preceding year₹ 842 Cr.
Debt₹ 605 Cr.
Reserves₹ 2,996 Cr.
EPS₹ 8.34
EPS last year₹ 8.34
Pledged percentage0.00 %
FCF Prev Ann₹ -22.3 Cr.
EVEBITDA24.9
Industry PE36.2
PEG Ratio8.68
Piotroski score6.00
Earnings yield3.69 %
Sales growth 5Years11.6 %

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Himadri Quarterly Results

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales8341,0471,0591,0371,0299511,0051,0531,177
Expenses790975962932903817847879997
Operating Profit447297105126134158174180
OPM %5%7%9%10%12%14%16%17%15%
Other Income-232-2281110101012
Interest111320201313162114
Depreciation131313131212121313
Profit before tax-3484279111119139150166
Tax %-163%20%15%18%31%28%28%28%30%
Net Profit-93936657686101109115
EPS in Rs-0.170.920.861.551.761.962.292.472.34

CAGR Report

Metric10 Years5 Years3 YearsTTM (Trailing Twelve Months)
Compounded Sales Growth12%12%36%0%
Compounded Profit Growth25%5%106%73%
Stock Price CAGR28%28%92%196%
Return on Equity (ROE)10%10%11%11%

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Himadri Shareholding Pattern

ShareholderMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters (%)48.95%48.95%48.93%48.90%45.43%45.43%45.61%50.29%
FIIs (%)0.73%2.16%2.43%1.69%0.64%1.66%2.36%5.13%
DIIs (%)0.09%0.62%1.64%2.76%0.01%0.00%0.48%2.12%
Public (%)50.23%48.27%47.00%46.65%53.92%52.91%51.54%42.47%
No. of Shareholders22,76470,03882,7781,06,0312,41,0433,42,9712,80,9854,36,700

Government Policies

One of the swiftest-growing economies globally is India. The primary objective of India Chem-2021 is to place India at the forefront of global chemicals and petrochemicals by taking advantage of prevailing trends. To this end, twelve PLI schemes have been initiated by the Government across various segments that will have eventual and immediate positive repercussions on its chemical industry. The Government has earmarked Rs. 8 trillion for the chemical industry by 2025.

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Naphthalene is a white crystalline organic compound obtained either from crude oil or coal tar. The concrete industry widely employs naphthalene in making high-strength concrete. During the making of concrete naphthalene reduces water usage and improves mechanical properties of concrete.

The demand for Naphtalene is expected to grow with the market demand of Naphthalene derivatives in the production of construction chemicals. Basically, this is because of the rising need for concrete plasticizers to enhance malleability and strength.

Himadri Share Price Target 2024-2030

YearShare Price Target
2024₹459
2025₹527
2026₹596
2027₹664
2028₹732
2029₹798
2030₹868

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Himadri Share Price Target 2025

MonthShare Price Target
January₹464
February₹474
March₹461
April₹468
May₹473
June₹482
July₹488
August₹500
September₹508
October₹516
November₹521
December₹527

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Himadri Share Price Target 2026

MonthShare Price Target
January₹532
February₹538
March₹530
April₹537
May₹542
June₹550
July₹556
August₹569
September₹578
October₹585
November₹589
December₹596

Himadri Share Price Target 2027

MonthsTarget Prices
January618
February627
March618
April613
May619
June625
July640
August645
September652
October649
November658
December664

Himadri Share Price Target 2028

MonthsTarget Prices
January672
February668
March660
April665
May670
June676
July684
August693
September700
October715
November726
December732

Himadri Share Price Target 2029

MonthsTarget Prices
January740
February733
March726
April729
May733
June738
July745
August760
September779
October789
November794
December798

Himadri Share Price Target 2030

MonthsTarget Prices
January807
February801
March794
April802
May808
June814
July820
August832
September840
October848
November858
December868

Official Website –himadri.com

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