Himadri Speciality Chemical Limited
NSE: HSCL | BSE: 500184 | Sector: Chemicals – Carbon Materials | Small-Cap
Business Overview
Himadri Speciality Chemical Limited is one of India’s largest integrated speciality carbon companies, headquartered in Kolkata and incorporated in 1987. It is the No.1 coal tar pitch manufacturer in India and the only company in the country producing advanced carbon materials, and is also the largest player in Naphthalene and SNF. The portfolio spans carbon black and speciality carbon black, coal tar pitch, high-purity naphthalene, carbazole, anthraquinone, speciality oils, SNF/PCE, and new-age battery materials (LFP cathode active material, anode materials and silicon carbon). Himadri has delivered strong growth, with a 5-year sales CAGR of 23% and profit CAGR of 74%; Q2 FY27 consolidated revenue was ₹1,691 Cr (vs ₹1,071 Cr a year ago) and PAT ₹231 Cr (vs ₹176 Cr). It reported TTM revenue of around ₹5,595 Cr and TTM PAT of ₹859 Cr, with promoter holding at 52.49% and FII holding up to 7.33% (Sep 2026). Borrowings have risen to ₹1,160 Cr (Sep 2026) from ₹313 Cr (Mar 2025) with CWIP at ₹370 Cr, and other income of ₹171 Cr made up roughly 17% of FY26 PBT, which is worth keeping in mind when reading headline earnings growth.
Financial Summary
Technical Snapshot
Himadri Speciality Chemical has been in a sharp corrective phase, falling from ₹662 to ₹509 (30 Oct close), with single-day declines of 8.3% on 19 Oct, 5.9% on 23 Oct and 5.0% on 30 Oct. The stock is about 38% below its 52-week high of ₹820 but still 22% above its 52-week low of ₹418. The ₹490 zone (23 Oct intraday low) is the nearest support, with ₹418 as the major base below it. On the upside, ₹536 (30 Oct high) is the first resistance, followed by the ₹605 level A bounce from the ₹500–510 zone may move towards the first target of ₹570, and a sustained move above ₹570 could push the stock towards ₹600. This is a counter-trend bounce setup over a 2–3 weeks horizon based on recent price action; levels should be confirmed on the live chart and the stop loss respected strictly.
