Valuation Update With 7 Day Price Move • 9h
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹654, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 244% over the past three years. Reported Earnings • Jul 17
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: EPS: ₹4.55 (up from ₹3.68 in 1Q 2026). Revenue: ₹14.3b (up 28% from 1Q 2026). Net income: ₹2.30b (up 26% from 1Q 2026). Profit margin: 16% (in line with 1Q 2026). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 08
Himadri Speciality Chemical Limited to Report Q1, 2027 Results on Jul 15, 2026 Himadri Speciality Chemical Limited announced that they will report Q1, 2027 results on Jul 15, 2026 Announcement • Jun 11
Himadri Speciality Chemical Limited Approves Dividend for the Financial Year Ended March 31, 2026 Himadri Speciality Chemical Limited at its AGM held on June 11, 2026 approved dividend of INR 0.80 per share for the financial year ended March 31, 2026. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹693, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 439% over the past three years. Declared Dividend • May 16
Dividend increased to ₹0.80 Dividend of ₹0.80 is 33% higher than last year. Ex-date: 22nd May 2026 Payment date: 11th July 2026 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (5% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 15
Himadri Speciality Chemical Limited, Annual General Meeting, Jun 11, 2026 Himadri Speciality Chemical Limited, Annual General Meeting, Jun 11, 2026, at 11:00 Indian Standard Time. Price Target Changed • Apr 30
Price target increased by 10% to ₹550 Up from ₹500, the current price target is provided by 1 analyst. New target price is 9.5% below last closing price of ₹608. Stock is up 39% over the past year. The company is forecast to post earnings per share of ₹18.60 for next year compared to ₹15.08 last year. Reported Earnings • Apr 24
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: ₹15.08 (up from ₹11.26 in FY 2025). Revenue: ₹48.3b (up 4.8% from FY 2025). Net income: ₹7.51b (up 35% from FY 2025). Profit margin: 16% (up from 12% in FY 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 23
Himadri Speciality Chemical Limited Recommends Final Dividend for the Financial Year 2025-26 Himadri Speciality Chemical Limited at Board Meeting held on 23 April 2026, the board has recommended a final dividend of INR 0.80 per equity share of INR 1 each face value of equity share) for the financial year 2025-26 subject to the approval of the shareholders of the Company. Announcement • Apr 16
Himadri Speciality Chemical Limited to Report Q4, 2026 Results on Apr 23, 2026 Himadri Speciality Chemical Limited announced that they will report Q4, 2026 results on Apr 23, 2026 Announcement • Feb 17
Jindal Power, Vedanta and Havells Reportedly Among 22 Bidders for Gupta Power Jindal Power Limited, Vedanta Limited (NSEI:VEDL) and Havells India Limited (NSEI:HAVELLS) are among 22 prospective bidders that have submitted expressions of interest (EoIs) to acquire debt-laden Gupta Power Infrastructure Limited, which has admitted debtor claims of INR 42,400 million and is undergoing insolvency proceedings, people aware of the development told ET. The company, which is a manufacturer of cables, wire rods, and conductors, is being resolved under the corporate insolvency resolution process (CIRP). Other interested bidders include UltraTech Cement Limited (NSEI:ULTRACEMCO), Waaree Energies Limited (NSEI:WAAREEENER), Torrent Electricals (TCL Cables Private Limited) and Himadri Speciality Chemical Limited (BSE:500184), Orissa Metaliks Private Limited and Abci Infrastructures Private Limited. The deadline for submission of resolution plans is February 20. Some bidders have come as consortium partners. Engineering and manufacturing companies including Karamtara Engineering Limited, Cabcon India Limited, Transrail Lighting Limited (NSEI:TRANSRAILL), Titagarh Rail Systems Limited (NSEI:TITAGARH) and Jsk Industries Private Limited have submitted EoIs. Non-banking finance company Authum Investment & Infrastructure Limited (BSE:539177) is also among the applicants. Two investors have filed bids in their individual capacities, the people added. The National Company Law Tribunal (NCLT), Kolkata Bench, admitted the insolvency petition filed by a consortium of banks led by Canara Bank on September 26, 2025, appointing Pradeep Kumar Kabra as the interim resolution professional (IRP). Announcement • Feb 05
Himadri Speciality Chemical Limited (BSE:500184) executed a share purchase agreement to acquire Himadri Power Limited for INR 0.25 million. Himadri Speciality Chemical Limited (BSE:500184) executed a share purchase agreement to acquire Himadri Power Limited for INR 0.25 million on February 4, 2026. A cash consideration of INR 0.25 million will be paid by Himadri Speciality Chemical Limited. As part of consideration, INR 0.25 million is paid towards common equity of Himadri Power Limited. Upon completion, Himadri Speciality Chemical Limited will own 100% of Himadri Power Limited.
For the period ending March 31, 2025, Himadri Power Limited reported total revenue of INR 0.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of Himadri Speciality Chemical Limited. The expected completion of the transaction is within 60 days. Reported Earnings • Jan 17
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹3.84 (up from ₹2.88 in 3Q 2025). Revenue: ₹12.3b (up 7.9% from 3Q 2025). Net income: ₹1.92b (up 35% from 3Q 2025). Profit margin: 16% (up from 13% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 08
Himadri Speciality Chemical Limited to Report Q3, 2026 Results on Jan 16, 2026 Himadri Speciality Chemical Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 16, 2026 Reported Earnings • Oct 19
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹3.58 (up from ₹2.74 in 2Q 2025). Revenue: ₹10.7b (down 5.8% from 2Q 2025). Net income: ₹1.77b (up 31% from 2Q 2025). Profit margin: 17% (up from 12% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Himadri Speciality Chemical Limited to Report Q2, 2026 Results on Oct 17, 2025 Himadri Speciality Chemical Limited announced that they will report Q2, 2026 results on Oct 17, 2025 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Amitabh Srivastava was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 16
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: ₹3.68 (up from ₹2.49 in 1Q 2025). Revenue: ₹11.2b (down 6.8% from 1Q 2025). Net income: ₹1.82b (up 48% from 1Q 2025). Profit margin: 16% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 08
Himadri Speciality Chemical Limited to Report Q1, 2026 Results on Jul 15, 2025 Himadri Speciality Chemical Limited announced that they will report Q1, 2026 results on Jul 15, 2025 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹518, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 749% over the past three years. Announcement • Jun 25
Himadri Speciality Chemical Limited (BSE:500184) completed the acquisition of 16.24% stake in International Battery Company, Inc. Himadri Speciality Chemical Limited (BSE:500184) agreed to acquire 16.24% stake in International Battery Company, Inc. for $4.4 million on May 22, 2025. The transactions includes the purchase of 0.6 million common stock from an existing shareholder, (ii) the subscription of 2.1 million common stock, and the subscription of 379,175 Series A Preferred Stock, for a total purchase consideration of USD 4.43 Million in cash.
For the period ending December 31, 2024, International Battery Company, Inc. reported total revenue of $6,189.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The Board has also approved the execution of (i) Common Stock Transfer Agreement between the Company and the Seller (ii) Common Stock Subscription Agreement between the Company and the Target Company (iii) Series A Preferred Stock Purchase Agreement and any other agreements, documents relating to the Transaction. The acquisition is expected to be completed within 30 days from the execution of each transaction document or such date as may be mutually agreed between the Parties.
Himadri Speciality Chemical Limited (BSE:500184) completed the acquisition of 16.24% stake in International Battery Company, Inc. on June 24, 2025. Reported Earnings • May 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹11.26 (up from ₹9.16 in FY 2024). Revenue: ₹46.1b (up 10% from FY 2024). Net income: ₹5.56b (up 35% from FY 2024). Profit margin: 12% (up from 9.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Himadri Speciality Chemical Limited (BSE:500184) agreed to acquire 16.24% stake in International Battery Company, Inc. for $4.4 million. Himadri Speciality Chemical Limited (BSE:500184) agreed to acquire 16.24% stake in International Battery Company, Inc. for $4.4 million on May 22, 2025. The transactions includes the purchase of 0.6 million common stock from an existing shareholder, (ii) the subscription of 2.1 million common stock, and the subscription of 379,175 Series A Preferred Stock, for a total purchase consideration of USD 4.43 Million in cash.
For the period ending December 31, 2024, International Battery Company, Inc. reported total revenue of $6189.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The Board has also approved the execution of (i) Common Stock Transfer Agreement between the Company and the Seller (ii) Common Stock Subscription Agreement between the Company and the Target Company (iii) Series A Preferred Stock Purchase Agreement and any other agreements, documents relating to the Transaction. The acquisition is expected to be completed within 30 days from the execution of each transaction document or such date as may be mutually agreed between the Parties. Announcement • May 19
Himadri Speciality Chemical Limited, Annual General Meeting, Jun 12, 2025 Himadri Speciality Chemical Limited, Annual General Meeting, Jun 12, 2025. Announcement • May 13
Himadri Chem Reportedly in Talks to Buy 10%-12% in US Battery Co Kolkata-headquartered Himadri Speciality Chemical Limited (BSE:500184) is in advanced talks to buy a 10% - 12% stake in International Battery Company, Inc. (IBC), a US-based lithium-ion battery cell technology firm, said people familiar with the matter. The potential deal, estimated at $10 million - $12 million, is likely to be announced later this month, the people said. A strategic investment in IBC would help Himadri enter newer markets and strengthen its position in the new energy ecosystem, the people cited above said, adding it would also enable Himadri to gain from IBC's simulation know how and R&D setup. IBC, currently valued at about $100 million, currently has operations in the US and South Korea, with a 35,000 sq ft facility in the latter for producing lithium-ion cells. Himadri and IBC did not respond to email queries. IBC already has an Indian stakeholder, with state-run Mahanagar Gas Ltd. (MGL) taking a 44% stake for INR 3.85 billion earlier this year. Reported Earnings • Apr 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹11.26 (up from ₹9.16 in FY 2024). Revenue: ₹46.6b (up 12% from FY 2024). Net income: ₹5.56b (up 35% from FY 2024). Profit margin: 12% (up from 9.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Himadri Speciality Chemical Limited Recommends Final Dividend for the Financial Year 2024-25 This is to inform that the Board of the Directors of Himadri Speciality Chemicals Limited at its' meeting held on 21 April 2025, has recommended to the shareholders a final dividend of INR 0.60 per equity share of INR 1 each (60% of face value of equity share) for the financial year 2024-25, subject to the approval of the shareholders at the upcoming Annual General Meeting ("AGM"). The above dividend, if declared by the shareholders at the upcoming AGM, will be paid within 30 days from the date of declaration. The record date for determining entitlement of the Members to final dividend shall be intimated in due course. Announcement • Apr 14
Himadri Speciality Chemical Limited to Report Q4, 2025 Results on Apr 21, 2025 Himadri Speciality Chemical Limited announced that they will report Q4, 2025 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹434, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 657% over the past three years. Reported Earnings • Jan 14
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹2.88 (up from ₹2.47 in 3Q 2024). Revenue: ₹11.5b (up 9.5% from 3Q 2024). Net income: ₹1.42b (up 31% from 3Q 2024). Profit margin: 12% (up from 10% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 06
Himadri Speciality Chemical Limited to Report Q3, 2025 Results on Jan 13, 2025 Himadri Speciality Chemical Limited announced that they will report Q3, 2025 results on Jan 13, 2025 Reported Earnings • Oct 19
Second quarter 2025 earnings released: EPS: ₹2.74 (vs ₹2.29 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.74 (up from ₹2.29 in 2Q 2024). Revenue: ₹11.4b (up 13% from 2Q 2024). Net income: ₹1.35b (up 35% from 2Q 2024). Profit margin: 12% (up from 10.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Himadri Speciality Chemical Limited to Report Q2, 2025 Results on Oct 16, 2024 Himadri Speciality Chemical Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 16, 2024 Announcement • Sep 23
Himadri Speciality Chemical Announces Cessation of Santimoy Dey as Independent Director Himadri Speciality Chemical Limited informed that Mr. Santimoy Dey (DIN: 06875452) shall cease to be an Independent Director of the Company upo completion of his second and final term as an Independent Director and consequently ceased to be Director of the Company w.e.f. the close of business hours on 23 September 2024. The Board o Directors and the Management of the Company express their deep appreciation and gratitude to Mr. Santimoy Dey for his extensive contribution and stewardship. Cessation due to completion of his second and final term as an Independent Director w.e.f. the close of business hours on 23 September 2024. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹662, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 1,136% over the past three years. Announcement • Sep 10
Himadri Speciality Chemical Limited announced that it has received INR 8.058 million in funding On September 9, 2024, Himadri Speciality Chemical Limited closed the transaction. The company issued up to 34,000 equity shares of face value of INR 1 each at an issue price of INR 237 for the gross proceeds of up to INR 8,058,000. The transaction included participation from Dinesh Kumar Verma for 9,000 shares and Satish Kumar Chhabra for 25,000 shares. The transaction has been approved by the board of directors of the company. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Rita Bhattacharya was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 17
First quarter 2025 earnings released: EPS: ₹2.49 (vs ₹1.99 in 1Q 2024) First quarter 2025 results: EPS: ₹2.49 (up from ₹1.99 in 1Q 2024). Revenue: ₹12.0b (up 26% from 1Q 2024). Net income: ₹1.23b (up 42% from 1Q 2024). Profit margin: 10% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 10
Himadri Speciality Chemical Limited to Report Q1, 2025 Results on Jul 16, 2024 Himadri Speciality Chemical Limited announced that they will report Q1, 2025 results on Jul 16, 2024 Declared Dividend • May 25
Dividend increased to ₹0.50 Dividend of ₹0.50 is 100% higher than last year. Ex-date: 7th June 2024 Payment date: 20th July 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 25
Himadri Speciality Chemical Limited, Annual General Meeting, Jun 20, 2024 Himadri Speciality Chemical Limited, Annual General Meeting, Jun 20, 2024, at 11:00 Indian Standard Time. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: ₹9.16 (vs ₹5.13 in FY 2023) Full year 2024 results: EPS: ₹9.16 (up from ₹5.13 in FY 2023). Revenue: ₹41.8b (flat on FY 2023). Net income: ₹4.11b (up 90% from FY 2023). Profit margin: 9.8% (up from 5.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Himadri Speciality Chemical Limited Recommend Final Dividend for the Financial Year 2023-24 Himadri Speciality Chemical Limited at its board meeting held on April 25, 2024 recommended final dividend INR 0.50 per share for the financial year 2023-24. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹368, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 723% over the past three years. Announcement • Apr 20
Himadri Speciality Chemical Limited to Report Q4, 2024 Results on Apr 25, 2024 Himadri Speciality Chemical Limited announced that they will report Q4, 2024 results on Apr 25, 2024 Announcement • Mar 21
Himadri Speciality Chemical Limited (BSE:500184) agreed to acquire 22.29% stake in Invati Creations Pvt. Ltd for INR 253.70 million. Himadri Speciality Chemical Limited (BSE:500184) agreed to acquire 22.29% stake in Invati Creations Pvt. Ltd. from Mr. Mukeshh Agarwal, Ms. Nitika Agarwal, Dr. Nilanjan Deb, Mr. Mohammad Fahad Shaikh for INR 253.70 million on March 20, 2024. Himadri Speciality Chemical Limited to issue 0.79644 million shares to acquire 0.002709 million shares of Invati Creations. The board of Himadri Speciality Chemical Limited has approved the acquisition. Invati Creations Pvt. Ltd reported revenue of INR 37.5999 million for FY 2022-23. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹286, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 569% over the past three years. Reported Earnings • Jan 17
Third quarter 2024 earnings released: EPS: ₹2.47 (vs ₹1.55 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.47 (up from ₹1.55 in 3Q 2023). Revenue: ₹10.5b (up 1.5% from 3Q 2023). Net income: ₹1.09b (up 67% from 3Q 2023). Profit margin: 10% (up from 6.3% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 10
Himadri Speciality Chemical Limited to Report Q3, 2024 Results on Jan 16, 2024 Himadri Speciality Chemical Limited announced that they will report Q3, 2024 results on Jan 16, 2024 Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹331, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 635% over the past three years. Reported Earnings • Oct 18
Second quarter 2024 earnings released: EPS: ₹2.29 (vs ₹0.86 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.29 (up from ₹0.86 in 2Q 2023). Revenue: ₹10.1b (down 4.2% from 2Q 2023). Net income: ₹1.01b (up 180% from 2Q 2023). Profit margin: 9.9% (up from 3.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
Himadri Speciality Chemical Limited to Report Q2, 2024 Results on Oct 17, 2023 Himadri Speciality Chemical Limited announced that they will report Q2, 2024 results on Oct 17, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹275, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 444% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹161, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 250% over the past three years. Announcement • Aug 08
Himadri Speciality Chemical Limited Announces Resignation of Santosh Kumar Agrawala as Non-Executive Independent Director Himadri Speciality Chemical Limited announced that Mr. Santosh Kumar Agrawala has tendered his resignation as Non-Executive Independent Director of the Company with effect from 07 August 2023 due to personal and health reasons. Consequently, he shall also cease to be a Member of the Audit Committee, Nomination & Remuneration Committee, ESG Committee, Share Issue & Allotment Committee of the Company. Reported Earnings • Jul 19
First quarter 2024 earnings released: EPS: ₹1.99 (vs ₹0.92 in 1Q 2023) First quarter 2024 results: EPS: ₹1.99 (up from ₹0.92 in 1Q 2023). Revenue: ₹9.61b (down 8.2% from 1Q 2023). Net income: ₹861.5m (up 123% from 1Q 2023). Profit margin: 9.0% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Himadri Speciality Chemical Limited to Report Q1, 2024 Results on Jul 18, 2023 Himadri Speciality Chemical Limited announced that they will report Q1, 2024 results on Jul 18, 2023 Announcement • Jun 23
Himadri Speciality Chemical Limited Approves Dividend for the Financial Year Ended 31 March 2023 Himadri Speciality Chemical Limited approves dividend at INR 0.25 (25%) per equity share of face value of Re. 1 each for the financial year ended 31 March 2023. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹5.13 (vs ₹0.98 in FY 2022) Full year 2023 results: EPS: ₹5.13 (up from ₹0.98 in FY 2022). Revenue: ₹41.7b (up 50% from FY 2022). Net income: ₹2.16b (up 428% from FY 2022). Profit margin: 5.2% (up from 1.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 02
Upcoming dividend of ₹0.25 per share at 0.2% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 22 July 2023. Payout ratio is a comfortable 4.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.9%). Announcement • May 25
Himadri Speciality Chemical Limited, Annual General Meeting, Jun 22, 2023 Himadri Speciality Chemical Limited, Annual General Meeting, Jun 22, 2023, at 11:00 Indian Standard Time. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: ₹5.13 (vs ₹0.98 in FY 2022) Full year 2023 results: EPS: ₹5.13 (up from ₹0.98 in FY 2022). Revenue: ₹42.0b (up 51% from FY 2022). Net income: ₹2.16b (up 428% from FY 2022). Profit margin: 5.1% (up from 1.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹1.55 (vs ₹0.58 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.55 (up from ₹0.58 in 3Q 2022). Revenue: ₹10.5b (up 35% from 3Q 2022). Net income: ₹651.9m (up 168% from 3Q 2022). Profit margin: 6.2% (up from 3.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Feb 04
Himadri Speciality Chemical Limited to Report Q3, 2023 Results on Feb 10, 2023 Himadri Speciality Chemical Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 10, 2023 
