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.

Latest Update – Himadri Specialty Chemical announced a substantial growth of 26.24% in its topline revenues and a year-on-year increase of 42.33% in profit for the first quarter.

Himadri Speciality Chemical Ltd Overview

Contents

1 Himadri Speciality Chemical Ltd Overview
2 Himadri Business Profile
3 Himadri Fundamentals & Quarterly Results
4 Government Policies
5 Himadri Share Price Target 2024-2030

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 Name	Himadri Speciality Chemical Ltd
Listed at	NSE & BSE
Head Office	Fortuna 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 Website	himadri.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/E	42.0
Book Value	₹ 61.8
Dividend Yield	0.07 %
ROCE	19.1 %
ROE	15.7 %
Face Value	₹ 1.00
Debt to equity	0.20
Debt Capacity	0.07
Debt preceding year	₹ 842 Cr.
Debt	₹ 605 Cr.
Reserves	₹ 2,996 Cr.
EPS	₹ 8.34
EPS last year	₹ 8.34
Pledged percentage	0.00 %
FCF Prev Ann	₹ -22.3 Cr.
EVEBITDA	24.9
Industry PE	36.2
PEG Ratio	8.68
Piotroski score	6.00
Earnings yield	3.69 %
Sales growth 5Years	11.6 %

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Himadri Quarterly Results

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	834	1,047	1,059	1,037	1,029	951	1,005	1,053	1,177
Expenses	790	975	962	932	903	817	847	879	997
Operating Profit	44	72	97	105	126	134	158	174	180
OPM %	5%	7%	9%	10%	12%	14%	16%	17%	15%
Other Income	-23	2	-22	8	11	10	10	10	12
Interest	11	13	20	20	13	13	16	21	14
Depreciation	13	13	13	13	12	12	12	13	13
Profit before tax	-3	48	42	79	111	119	139	150	166
Tax %	-163%	20%	15%	18%	31%	28%	28%	28%	30%
Net Profit	-9	39	36	65	76	86	101	109	115
EPS in Rs	-0.17	0.92	0.86	1.55	1.76	1.96	2.29	2.47	2.34

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM (Trailing Twelve Months)
Compounded Sales Growth	12%	12%	36%	0%
Compounded Profit Growth	25%	5%	106%	73%
Stock Price CAGR	28%	28%	92%	196%
Return on Equity (ROE)	10%	10%	11%	11%

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Himadri Shareholding Pattern

Shareholder	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 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 Shareholders	22,764	70,038	82,778	1,06,031	2,41,043	3,42,971	2,80,985	4,36,700

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.