Himadri Speciality Chemical Ltd.

NSE: HSCL · Chemicals

₹568.15-0.07%06 Nov 2026

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Instant answers about Himadri Speciality Chemical Ltd. — computed from its filings, no language model

Market cap₹28,669 cr

Current price₹568.15

High / Low₹801 / ₹422

P/E33.5

P/B5.58

Book value₹101.8

ROE16.6%

ROCE19.3%

Debt / equity0.23

Dividend yield0.10%

EPS (TTM)₹16.94

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY23	FY24	FY26
Revenue	1,679	4,172	4,185	4,661
EBITDA	131	399	645	962
Operating margin	7.8%	9.6%	15.4%	20.6%
Interest	33	66	64	64
Depreciation	47	51	50	68
Profit before tax	65	280	574	1,001
Tax	17	64	163	246
Net profit	47	216	411	751
EPS ₹	1.13	5.13	9.16	15.08
Operating cash flow	—	54	405	382
Capex	—	83	53	450
Dividend paid	—	8	11	30
Total assets	2,791	3,678	4,449	6,306
Equity	1,793	2,280	3,046	4,707

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	JUN '19	SEP '19	DEC '19	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	524	487	430	258	389	467	566	540	645	772	1,047	1,059	1,037	1,029	951	1,005	1,053	1,177	1,200	1,137	1,141	1,118	1,071	1,184	1,288	1,432	1,691
Operating profit	122	86	35	3	46	41	40	36	30	44	72	97	105	126	134	158	174	180	192	208	221	245	233	243	242	288	315
Operating margin	23.3%	17.6%	8.2%	1.2%	11.8%	8.7%	7.1%	6.7%	4.6%	5.7%	6.8%	9.2%	10.1%	12.2%	14.1%	15.7%	16.5%	15.3%	16.0%	18.3%	19.4%	21.9%	21.7%	20.5%	18.8%	20.1%	18.6%
Other income	6	1	3	3	5	4	3	1	3	4	2	8	8	11	10	10	10	12	13	14	12	27	36	47	62	56	42
Interest	16	14	12	11	9	7	7	8	8	9	13	20	20	13	13	16	21	14	13	11	12	16	15	16	17	22	28
Depreciation	9	9	9	12	12	12	12	12	12	12	13	13	13	12	12	12	13	13	13	13	15	15	17	18	19	21	22
Profit before tax	104	64	17	-16	30	26	24	17	12	27	48	42	79	111	119	139	150	166	179	197	206	241	237	255	268	301	307
Tax	31	19	1	-4	9	10	2	3	3	3	9	6	14	34	33	38	41	51	56	62	65	62	60	63	60	72	76
Net profit	73	45	16	-13	21	16	23	15	9	24	39	36	65	76	86	101	109	115	123	135	142	182	177	192	201	230	232
EPS ₹	1.76	1.08	0.38	-0.30	0.49	0.39	0.55	0.35	0.22	0.58	0.92	0.86	1.55	1.80	1.99	2.29	2.47	2.41	2.49	2.74	2.88	3.68	3.58	3.84	3.98	4.55	4.60
Revenue YoY	—	—	—	-50.8%	-20.1%	8.6%	—	109.3%	65.8%	65.5%	93.9%	64.1%	34.3%	—	-9.1%	-5.1%	1.5%	14.4%	26.2%	13.2%	8.4%	-6.8%	-5.8%	3.8%	—	28.0%	57.9%
Profit YoY	—	—	—	-117.1%	-54.1%	3.5%	—	—	-54.6%	47.6%	166.0%	281.8%	167.9%	—	123.2%	180.1%	66.9%	51.0%	42.3%	34.5%	30.5%	48.2%	30.5%	35.3%	—	26.3%	31.5%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Himadri Speciality Chemical Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	512	735	1,123	1,299	1,363	1,378	1,152	1,444	2,022	2,377
Operating profit	183	201	225	129	172	123	155	247	447	522
Operating margin	35.7%	27.4%	20.0%	9.9%	12.6%	8.9%	13.5%	17.1%	22.1%	21.9%
Other income	10	12	21	58	-64	8	-6	-12	7	27
Interest	28	30	76	79	117	102	102	80	70	71
Depreciation	25	33	44	52	55	55	64	31	31	33
Profit before tax	145	143	82	17	-56	-26	-17	123	356	445
Tax	38	29	18	-6	-17	-12	-4	42	113	138
Net profit	107	114	63	24	-39	-14	-12	81	243	307

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	83	90	114	92	114	86	85	125	145	157	154	183	196	202	211	281	301	329	346	314	337	302	310	347	335	372	351	357	327	342	276	310	306	260	255	382	391	415	503	468	500	551	605	602	587	583
Operating profit	30	34	36	35	38	37	37	51	51	44	46	48	52	56	56	67	58	43	49	28	28	24	33	41	54	45	45	42	29	6	17	36	54	49	51	56	68	72	100	103	120	124	136	130	133	123
Operating margin	36.8%	37.2%	31.1%	37.7%	33.6%	42.3%	43.8%	40.5%	34.8%	28.2%	29.6%	26.1%	26.6%	27.6%	26.5%	23.8%	19.4%	13.1%	14.1%	8.8%	8.4%	8.0%	10.6%	11.7%	16.1%	12.0%	12.9%	11.7%	8.9%	1.9%	6.1%	11.6%	17.5%	18.8%	20.1%	14.6%	17.3%	17.4%	19.9%	21.9%	24.1%	22.6%	22.4%	21.6%	22.6%	21.1%
Other income	1	0	1	0	1	2	0	0	1	9	2	5	3	3	3	12	2	4	4	41	-16	29	-63	-33	17	15	11	-4	1	-1	-3	-4	-2	4	-2	0	-5	-5	1	2	2	3	3	2	15	6
Interest	2	2	5	4	5	4	5	8	8	7	7	6	7	9	9	13	14	40	27	12	25	15	28	30	29	30	26	29	30	16	28	30	25	19	24	19	24	14	19	21	12	19	19	18	17	17
Depreciation	3	3	5	4	4	4	4	6	7	7	8	8	8	8	9	11	12	13	13	13	13	13	13	14	13	14	14	14	14	13	16	16	16	16	8	8	8	8	8	8	8	8	8	8	8	8
Profit before tax	26	28	27	27	30	30	31	37	39	39	24	39	39	41	41	31	-17	27	-26	43	-26	25	-64	-36	29	16	17	-5	-14	-24	-30	-14	10	18	18	29	31	46	75	76	105	100	112	106	122	105
Tax	6	7	4	6	7	7	8	9	10	12	6	10	10	3	10	8	-4	5	-6	11	-10	-1	-13	-7	7	-4	3	-2	-5	-8	-10	-4	4	6	6	10	11	15	24	25	35	29	35	32	38	33
Net profit	20	22	23	21	23	23	23	28	29	27	18	29	29	38	31	23	-13	22	-20	33	-16	27	-52	-29	22	20	14	-3	-9	-16	-20	-10	6	12	12	19	20	30	50	51	70	71	77	74	84	72
EPS ₹	6.32	6.92	7.20	6.63	7.23	7.23	7.11	8.77	9.03	7.48	4.74	7.52	0.76	0.98	0.79	0.60	-0.32	0.58	-0.52	0.85	-0.41	0.70	-1.34	-0.74	0.56	0.51	0.37	-0.09	-0.25	-0.41	-0.52	-0.25	0.15	0.30	0.28	0.45	0.48	0.73	1.20	1.22	1.68	1.70	1.83	1.77	2.02	1.73
Revenue YoY	—	—	—	—	37.3%	-4.1%	-7.2%	9.9%	68.1%	—	81.5%	46.8%	34.8%	28.5%	37.2%	53.3%	53.8%	63.3%	63.7%	11.8%	11.9%	-8.4%	-10.6%	10.2%	-0.6%	23.3%	13.6%	3.1%	-2.4%	-8.1%	-21.5%	-13.2%	-6.6%	-23.9%	-7.6%	23.3%	28.1%	59.6%	97.1%	22.4%	27.8%	32.6%	20.3%	28.6%	17.3%	5.9%
Profit YoY	—	—	—	—	15.6%	5.6%	7.9%	22.9%	26.4%	—	-19.3%	2.5%	1.1%	38.2%	67.4%	-20.9%	-142.5%	-40.9%	-165.6%	42.7%	—	20.8%	—	-187.6%	—	-26.6%	—	—	-143.5%	-180.9%	-239.7%	—	—	—	—	—	238.0%	158.5%	330.2%	168.7%	248.8%	134.4%	53.2%	44.8%	20.3%	1.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 15 periods

	MAR '21	JUN '21	SEP '21	DEC '21	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	2.6%	4.2%	3.5%	4.0%	9.5%	11.6%	12.9%	14.6%	13.5%	14.7%	14.1%	15.1%	16.0%	17.0%	16.6%
ROCE	3.9%	5.1%	4.4%	4.5%	11.1%	13.4%	14.3%	16.3%	17.5%	19.1%	20.0%	21.2%	19.5%	20.7%	19.3%
Net margin	2.8%	3.8%	2.9%	2.8%	5.2%	6.5%	8.2%	9.2%	9.8%	10.1%	10.6%	11.1%	16.1%	16.1%	15.3%
EBITDA margin	7.8%	8.3%	6.6%	5.9%	9.6%	11.3%	13.0%	14.6%	15.4%	15.9%	16.5%	17.2%	20.6%	20.2%	19.4%
Debt / equity	0.40	0.40	0.40	0.40	0.37	0.37	0.40	0.40	0.20	0.20	0.10	0.10	0.16	0.16	0.23
Interest coverage	2.93	4.19	3.72	3.57	5.24	6.28	8.16	9.17	9.98	10.95	12.72	16.08	16.55	15.94	14.48
Asset turnover	0.60	0.70	0.79	0.90	1.13	1.11	0.95	0.95	0.94	1.00	1.02	1.04	0.74	0.79	0.80

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	39	39	42	42	42	42	42	42	42	42	43	44	49	49	49	50	50
Other equity / reserves	757	750	837	988	1,373	1,590	1,692	1,751	1,826	2,038	2,237	2,500	2,996	3,360	4,020	4,656	5,085
Total equity	796	789	879	1,030	1,415	1,632	1,734	1,793	1,868	2,080	2,280	2,544	3,046	3,410	4,069	4,707	5,135
Borrowings	1,185	1,058	778	745	595	430	337	719	578	1,311	836	1,029	600	342	860	767	1,156
Current liabilities	—	—	709	673	665	834	743	841	1,412	1,703	1,248	1,524	1,203	806	1,078	1,236	1,462
Non-current liabilities	—	—	474	488	337	322	86	158	177	163	153	171	203	250	344	308	327
Total assets	2,497	2,242	2,062	2,190	2,416	2,788	2,562	2,791	3,454	3,943	3,678	4,236	4,449	4,477	5,518	6,306	6,977
Property, plant & equipment	1,221	1,228	1,180	1,174	1,175	1,168	1,439	1,432	1,514	1,491	1,488	1,513	1,510	1,492	1,526	1,812	1,893
Capital work-in-progress	59	14	31	13	22	133	158	160	77	86	94	66	67	105	443	372	370
Investments	168	23	53	87	273	179	47	66	113	149	132	272	478	543	723	1,060	1,250
Inventories	388	368	320	396	420	543	405	339	772	737	544	842	703	620	741	763	806
Receivables	354	321	212	229	280	374	307	471	515	626	515	584	666	669	612	707	1,036
Cash & equivalents	49	41	30	12	20	14	—	53	173	276	208	44	215	56	69	165	96

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY23	FY24	FY26
Cash from operations	149	212	296	205	258	476	283	54	405	382
Cash from investing	-99	128	-5	18	-50	-224	-214	-397	-405	-964
Cash from financing	-109	-348	-278	-233	-200	-257	-41	377	7	591
Capex	81	28	15	5	63	204	247	83	53	450
Free cash flow	68	184	281	201	195	272	36	-29	352	-68
Dividends paid	4	4	0	3	5	5	8	8	11	30

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,893 cr27%

CWIP

₹370 cr5%

Investments

₹1,250 cr18%

Inventories

₹806 cr12%

Receivables

₹1,036 cr15%

Cash & equivalents

₹96 cr1%

Other assets

₹1,526 cr22%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-15.6%

6 months-7.6%

1 year+17.0%

3Y CAGR+31.7%

5Y CAGR+61.3%

10Y CAGR+29.0%

50-day avg₹630.55

200-day avg₹595.29

RSI (14)36

Compare Himadri Speciality Chemical Ltd. with

UPL vs Himadri Speciality Chemical Himadri Speciality Chemical vs PI Industries Himadri Speciality Chemical vs Deepak Nitrite Himadri Speciality Chemical vs Aether Industries

FAQs

What is the share price of Himadri Speciality Chemical Ltd.?

Himadri Speciality Chemical Ltd. (HSCL) closed at ₹568.15 on NSE on 06 Nov 2026.

What is the market cap of Himadri Speciality Chemical Ltd.?

₹28,669 crore at the latest close.

What is the P/E ratio of Himadri Speciality Chemical Ltd.?

33.5, on trailing-twelve-month earnings from its filings.

How fast is Himadri Speciality Chemical Ltd. growing?

Himadri Speciality Chemical Ltd.: revenue has compounded at 40.5% a year over three years; net profit at 151.1% a year. Latest-quarter revenue is up 57.9% year on year, profit up 31.5%.

How profitable is Himadri Speciality Chemical Ltd.?

On a trailing-twelve-month basis return on equity is 16.6%, return on capital employed 19.3%, operating margin 19.4%, net margin 15.3%.

How much debt does Himadri Speciality Chemical Ltd. have?

Himadri Speciality Chemical Ltd. is lightly geared: debt to equity is 0.23 with borrowings of ₹1,156 cr against cash of ₹96 cr (balance sheet of 2026-09-30). Operating profit covers interest 14.5 times.

Financials parsed from Himadri Speciality Chemical Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY21, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.