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Himadri Speciality Chemical Ltd Stock Analysis

Small Cap
Evaluated by 1779 users | BSE: 500184 | NSE: HSCL |
Chemicals

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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.2%7.95%4.19%4.26%3.01%3.6%8.33%14.73%16.74%10.11%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7001,1231,2991,3631,3781,1521,3241,9712,3771,804
Y-o-Y Gr. Rt.-60.5%15.7%4.9%1%-16.4%15%48.9%20.6%-24.1%
Adjusted EPS (Rs.) 2.842.410.80.26-0.25-0.252.255.777.364.3
Y-o-Y Gr. Rt.--15.1%-66.8%-67.5%-196.2%NANA156.4%27.6%-41.6%
Book Value per Share (Rs.) 21.9323.2823.3721.6321.4422.0125.7634.7840.0939.35
Adjusted Net Profit 11093.13110.1-9.6-10.594.1242308180
Net Op. Cash Flow (Rs. Cr.) -1.595.8-10.9144212278205247472282
Debt to Cash Flow from Ops -552.411.3-1149.25.133.093.682.681.011.79
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Himadri Speciality Chemical Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.1%5.5%10.9%-24.1%
Adjusted EPS 4.7%NA24.1%-41.6%
Book Value per Share 6.712.915.2-1.9
Share Price 2.4% 19.6% -33.1% -9.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.8610.683.441.16-1.16-1.29.4119.0619.6510.8
Operating Profit Margin (%) 27.5219.999.9112.628.9113.2818.6522.8322.6516.53
Net Profit Margin (%) 15.668.292.380.74-0.7-0.917.112.2512.979.98
Debt to Equity 11.211.381.591.320.930.70.450.280.31
Working Capital Days 258220230241232247203173199261
Cash Conversion Cycle 1501301381441411349884105142
Entity Percentage Holding
Promoters 45.44%
Institutions 0.96%
Non-Institutions 53.60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Himadri Speciality Chemical Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Himadri Speciality Chemical Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Himadri Speciality Chemical Ltd's performance infers:

Himadri Speciality Chemical Ltd earnings have grown by 0%, whereas share price has appreciated 19.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Himadri Speciality Chemical Ltd share prices over the last 10 years. Here is what we found out:

Himadri Speciality Chemical Ltd share price has appreciated 1% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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