Himadri Speciality Chemical Ltd Stock Analysis

BSE: 500184 | NSE: HSCL | Chemicals | Small Cap

BSE Share Price 29-Nov-2022 14:29
100.85 -1.50 (-1.47%)

DeciZen - Make an Informed Decision on Himadri Speciality

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Himadri Speciality Price Chart

P/E Ratio (SA) :
40.61
Market Cap :
4,291.9 Cr.
52-wk low :
41.6
52-wk high :
108.9
Bole Toh?

1. Is Himadri Speciality Chemical Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Himadri Speciality Chemical Ltd is a average quality company.

2. Is Himadri Speciality Chemical Ltd undervalued or overvalued?

The key valuation ratios of Himadri Speciality Chemical Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Himadri Speciality Chemical Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Himadri Speciality Chemical Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Himadri Speciality:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Himadri Speciality Chemical Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.2%4.3%3%3.6%8.3%14.7%16.7%10.1%2.9%3.9%-
Value Creation Index -0.7-0.7-0.8-0.7-0.40.10.2-0.3-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2991,3631,3781,1521,3241,9712,3771,8041,6792,7913,712
YoY Gr. Rt. %-4.9%1%-16.4%15%48.9%20.6%-24.1%-6.9%66.2%-
Adj EPS 0.80.3-0.3-0.32.35.87.44.311.72.5
YoY Gr. Rt. %--67.5%-196.2%NANA156.4%27.6%-41.6%-76.5%64.4%-
BVPS (₹) 23.421.621.42225.834.840.139.440.74348.2
Adj Net Profit 3110.1-9.6-10.594.124230818042.369.7106
Cash Flow from Ops. -10.9144212278205247472282-39.3330-
Debt/CF from Ops. -1149.25.13.13.72.711.8-18.31.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.9%16.1%5.5%66.2%
Adj EPS 8.5%-5.9%-39.1%64.4%
BVPS 710.82.35.6
Share Price 14.5% -9.2% 13.8% 125.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.41.2-1.2-1.29.419.119.710.82.545.5
Op. Profit Mgn % 9.912.68.913.318.722.822.716.57.65.86.8
Net Profit Mgn % 2.40.7-0.7-0.97.112.313102.52.52.9
Debt to Equity 1.41.61.30.90.70.50.30.30.40.30
Working Cap Days 230241232247203173199261245190181
Cash Conv. Cycle 138144141134988410514213110237

Recent Performance Summary

Sales growth is good in last 4 quarters at 67.73%

Return on Equity has declined versus last 3 years average to 5.50%

Sales growth has been subdued in last 3 years 5.51%

Net Profit has been subdued in last 3 years -39.13%

Latest Financials - Himadri Speciality Chemical Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 2.2
TTM Sales (₹ Cr.) 3,712 3,712
BVPS (₹.) 48.2 49.6
Reserves (₹ Cr.) 1,977 2,038
P/BV 2.13 2.06
PE 40.61 46.88
From the Market
52 Week Low / High (₹) 41.60 / 108.85
All Time Low / High (₹) 0.12 / 197.00
Market Cap (₹ Cr.) 4,292
Equity (₹ Cr.) 41.9
Face Value (₹) 1
Industry PE 33.6

Management X-Ray of Himadri Speciality :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Himadri Speciality

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Himadri Speciality Chemical Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Himadri Speciality on 29-Nov-2022 14:29 is : 100.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Nov-2022 14:29 the market cap of Himadri Speciality stood at ₹ 4,291.9.
The latest PE ratio of Himadri Speciality as of 29-Nov-2022 14:29 is 40.61.
The latest PB ratio of Himadri Speciality as of 29-Nov-2022 14:29 is 2.13
The 52-week high of Himadri Speciality is ₹ 108.8 and the 52-week low is ₹ 41.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Himadri Speciality is ₹ 3,712 ( Cr.) .

About Himadri Speciality Chemical Ltd

Established in 1990, Himadri Speciality Chemical is one of India’s largest integrated speciality carbon companies. Over the years, the Company has undergone massive transformation from a Coal Tar Pitch manufacturing company to being one of the world’s most extensive value chains in the Carbon segment.
The Company is a market leader and a significant player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, Sulphonated Naphthalene Formaldehyde (SNF), and Speciality Oils, among others. The Company has diversified its product portfolio using the power of forward integration. This has empowered the Company to develop advance carbon material and other value-added speciality products. Himadri Speciality Chemical Limited is a public company domiciled and headquartered in India. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Business area of the company

Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.

Products and Industries

Products

  • Advanced Carbon Materials
  • Carbon Black
  • Coal Tar Pitch
  • Naphthalene Derivatives
  • SNF
  • PCE
  • Corrosion Protection
  • Speciality Oils
  • Power

Industries

  • Lithium - Ion Battery
  • Aluminium
  • Graphite
  • Infrastructure / Construction
  • Tyres
  • Mechanical Rubber Goods
  • Plastics
  • Dyes And Intermediaries
  • Others

Awards

  • 3rd Prize in Best Practices in Industrial Relations by Hoogly Chamber of Commerce and Industries (HCCI)
  • 2nd Prize in Best Practices in Industrial Relations by Hoogly Chamber of Commerce and Industries (HCCI)
  • ET Bengal Corporate Award 2013 as Best Company in West Bengal In Large Corporate Sector with Turnover Exceeding Rs 1000 crore
  • ET Bengal Corporate Award 2014 as Highest Job Creator In Large Corporate Sector with Turnover Exceeding Rs 1000 crore
  • 16th Annual Greentech Safety Silver Award- 2017 by Greentech Foundation, New Delhi
  • Platinum Award & Top 100 in International Annual Report Competition 2018 by League of American Communications Professionals LLC (LACP)
  • India's Best Company of the Year Award 2017 by IBC InfoMedia in collaboration with Media Research Group (MRG)
  • Recognized as Star Export House 2018 by Ministry of Commerce, Govt. of India
  • Mr. Anurag Choudhary, CEO, receives Asia Pacific Entrepreneurship Awards (APEA) India 2018 by Enterprise Asia
  • Mr. Anurag Choudhary, CEO, recognized as 'World's 100 Greatest Leaders 2017-2018, At the Fourth edition of India-UAE Business and Social Forum 2018 & WGBL 4th Edition Summit Organized by AsiaOne Magazine & URS-United Research Services Media Consulting PL and having PricewaterhouseCoopers PL as the process reviewer of the Award.
  • World's 100 Greatest Brands 2017-18 Asia & GCC 2018, At the Fourth edition of India-UAE Business and Social Forum 2018 & WGBL 4th Edition Summit Organized by AsiaOne Magazine & URS-United Research Services Media Consulting PL and having PricewaterhouseCoopers PL as the process reviewer of the Award.
  • 18th Annual Greentech Environment Award 2018 by Greentech Foundation, New Delhi
  • Wealth Creator Award among the Next 500 Companies by 'Fortune India' Selected by CII as Winner “Within the Fence” Category at its National Competition for Excellence 2018 in Water Management
  • Gold Award & Top 100 in International Annual Report Competition 2019 by League of American Communications Professionals LLC (LACP)
  • Gold Award for the Year, 2018 in Safety Practices by Greentech Foundation Identified as Growth Champions(Ranked 76) in Economic times-Statista inaugural edition of India's Growth Champions 2020 by Economic Times (2020)
  • Recognized as the Fastest Growing Company in ET Bengal Corporate Awards 2020

Milestones

  • 1990- Commissioned coal tar distillation plant in Liluha, Howrah, West Bengal
  • 1993- Commissioned distillation plant in Howrah and a manufacturing unit at Vishakhapatnam
  • 2000- Merged Himadri ispat coal tar distillation facility with the company
  • 2005- Commissioned coal tar distillation plant in Liluha, Howrah, West Bengal
  • 2006- Commissioned byproduct refining plant at Mahistrikry, Hooghly
  • 2007- Established pitch melting plant at Kobra
  • 2008- Started production of advanced carbon material
  • 2009- Acquired SNF plant in Vapi
  • 2009- Commissioned a carbon black plant and power plant at Mahistikry
  • 2010- Completed capacity addition at the coal tar pitch in Mahistikry
  • 2010- Completed capacity addition for SNF plant in Vapi
  • 2011- Completed capacity addition for carbon black plant at Mahistikry
  • 2011- Established 100% export oriented unit in Falta SEZ for advanced carbon materials 
  • 2011- Established a coal tar pitch plant in China
  • 2012- Completed Brownfield expansion of the power plant 
  • 2013- Initiated a Brownfield project to enhance the company’s coal tar distillation capacity in India by 60%
  • 2014- Commenced expanded coal tar distillation capacity at Mahistikry
  • 2015- Initiated setting up a pitch melting plant at Sambalpur, Odisha
  • 2016- Transformed identity to Himadri Speciality Chemical to faithfully reflect the depth and distinctiveness of the business
  • 2019- Himadri Speciality Chemical allots commercial papers worth Rs 60 crore
  • 2020- Himadri Speciality Chemical starts operations of Carbon Black manufacturing at Mahistikry Plant
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