Himadri Speciality Chemical Ltd - Stock Valuation and Financial Performance

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

Himadri Speciality Share Price

305 -3.95 -1.28%
as on 28-Mar'24 13:52

DeciZen - make an informed investing decision on Himadri Speciality

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Himadri Speciality Chemical stock performance -

mw4me loader
P/E Ratio (SA):
40.79
Market Cap:
15,218.7 Cr.
52-wk low:
80.3
52-wk high:
399

Is Himadri Speciality Chemical Ltd an attractive stock to invest in?

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 Overvalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Himadri Speciality Chemical Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.3%3%3.7%8.4%14.7%16.7%10.1%2.9%3.9%10.5%-
Value Creation
Index
-0.7-0.8-0.7-0.40.10.2-0.3-0.8-0.7-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3631,3781,1521,3241,9712,3771,8041,6792,7914,1724,037
Sales YoY Gr.-1%-16.4%15%48.9%20.6%-24.1%-6.9%66.2%49.5%-
Adj EPS 0.3-0.3-0.22.35.87.44.311.75.67.6
YoY Gr.--196.2%NANA155.3%27.6%-41.6%-76.5%64.4%234.3%-
BVPS (₹) 21.621.42225.834.840.139.440.74348.852.8
Adj Net
Profit
10.1-9.6-9.194.724230818042.369.7240373
Cash Flow from Ops. 144212278205247472282-39.333053.3-
Debt/CF from Ops. 9.25.13.13.72.711.8-18.31.815.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.2%16.2%32.3%49.5%
Adj EPS 40.5%-0.8%8.9%234.3%
BVPS9.5%7%7.4%13.5%
Share Price 31% 21.3% 94.4% 273.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.2-1.2-19.519.119.710.82.541214.9
Op. Profit
Mgn %
12.68.913.318.722.822.716.57.65.89.814.6
Net Profit
Mgn %
0.7-0.7-0.87.212.313102.52.55.89.2
Debt to
Equity
1.61.30.90.70.50.30.30.40.30.4-
Working Cap
Days
24123224720317319926124519014587
Cash Conv.
Cycle
14414113498841051421311026926

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.90%

Sales growth is growing at healthy rate in last 3 years 32.25%

Net Profit has been subdued in last 3 years 8.88%

Sales growth is not so good in last 4 quarters at 2.64%

Latest Financials - Himadri Speciality Chemical Ltd.

Standalone Consolidated
TTM EPS (₹) 7.6 7.6
TTM Sales (₹ Cr.) 4,037 4,037
BVPS (₹.) 52.8 54.1
Reserves (₹ Cr.) 2,551 2,613
P/BV 5.85 5.72
PE 40.79 40.92
From the Market
52 Week Low / High (₹) 80.31 / 399.00
All Time Low / High (₹) 0.12 / 399.00
Market Cap (₹ Cr.) 15,219
Equity (₹ Cr.) 49.3
Face Value (₹) 1
Industry PE 47

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,3631,3771,1521,3241,9712,3771,8031,6792,7914,172
Operating Expenses 1,2691,2621,0101,0971,5211,8381,5201,5522,6373,783
Manufacturing Costs22322734363938405757
Material Costs1,0391,0918238851,3071,5881,2221,2402,2503,267
Employee Cost 24293036475873768091
Other Costs 183110130142132153186196251368
Operating Profit 94116142227450538284128154388
Operating Profit Margin (%) 6.9%8.4%12.3%17.1%22.8%22.6%15.7%7.6%5.5%9.3%
Other Income 1415118814514728
Interest 11710211080707155333566
Depreciation 55556431313337444749
Exceptional Items 700000-12800-30
Profit Before Tax -56-26-21123356449706479272
Tax -17-12-542113138-11171464
Profit After Tax -39-14-1681243311814765208
PAT Margin (%) -2.9%-1.0%-1.4%6.1%12.3%13.1%4.5%2.8%2.3%5.0%
Adjusted EPS (₹)-1.0-0.4-0.41.95.87.41.91.11.64.8
Dividend Payout Ratio (%)-10%0%-13%5%2%2%8%13%13%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8348279211,0781,4551,6781,6481,7051,8002,109
Share Capital 39394242424242424243
Reserves 7967898791,0361,4131,6361,6061,6631,7582,066
Minority Interest0000000000
Debt1,1481,031758726595430337678539791
Long Term Debt57152436638723118822849348
Short Term Debt578508392339364242315594446743
Trade Payables849289149118411212149774341
Others Liabilities 437309314214393508494412530673
Total Liabilities 2,5032,2592,0812,1662,5623,0272,6912,9443,6433,914

Fixed Assets

Gross Block1,4101,4771,4931,5261,5541,5841,9121,9482,0942,096
Accumulated Depreciation271329392423455487524568613644
Net Fixed Assets1,1391,1481,1011,1031,0991,0971,3891,3801,4801,452
CWIP 5610279181261581607794
Investments 2481031331673532324766113132
Inventories372359315392415539331335772545
Trade Receivables353316200216270366300461505505
Cash Equivalents 41373536314742135263623
Others Assets294287270244375620424406433564
Total Assets 2,5032,2592,0812,1662,5623,0272,6912,9443,6433,914

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 144212278205247472282-3933053
PBT -56-26-21123356449706479272
Adjustment 224156181123105862308399104
Changes in Working Capital -2480118-19-1353216-172169-275
Tax Paid 020-23-79-95-34-14-17-47
Cash Flow From Investing Activity -93129-211-61-223-215-113-28-397
Capex -70-24-13-11-52-203-248-35-23-76
Net Investments -2115372011-2333-80-7-323
Others -2032-1931213
Cash Flow From Financing Activity -111-346-270-223-180-257-40166-181378
Net Proceeds from Shares 0000000001
Net Proceeds from Borrowing 28-177-60-59-21-62-45-667-39
Interest Paid -72-81-84-103-65-65-57-36-31-49
Dividend Paid -4-40-2-4-4-6-6-6-8
Others -63-84-125-59-90-12668273-151474
Net Cash Flow -60-55-76-8281312135
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-4.51-1.73-1.878.1219.1519.884.872.783.7110.63
ROCE (%)2.823.694.8211.2921.5924.335.764.244.7612.43
Asset Turnover Ratio0.620.650.590.690.860.850.630.60.851.1
PAT to CFO Conversion(x)N/AN/AN/A2.531.021.523.48-0.835.080.25
Working Capital Days
Receivable Days71787352444967836344
Inventory Days92869588737388727258
Payable Days21294049371916294038

Himadri Speciality Chemical Ltd Stock 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 28-Mar-2024 13:52 is ₹305.0.
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 28-Mar-2024 13:52 the market cap of Himadri Speciality stood at ₹15,218.7.
The latest P/E ratio of Himadri Speciality as of 28-Mar-2024 13:52 is 40.79.
The latest P/B ratio of Himadri Speciality as of 28-Mar-2024 13:52 is 5.85.
The 52-week high of Himadri Speciality is ₹399.0 and the 52-week low is ₹80.31.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Himadri Speciality is ₹4,037 ( 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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