āagman

Not investment advice. Data and computed figures, for information only.

Himadri Speciality Chemical Ltd

NSE: HSCL
₹662.85
−₹1.10 (−0.17%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹33,299 Cr
CMP
₹662.85
52-wk High / Low
₹820 / 419
P/E
41.7
P/B
7.1
Book Value
₹93.3
Div Yield
0.12%
ROCE
22.0%
ROE
17.8%
Face Value
₹1
D/E
0.16

Price+45.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹177
√(22.5 × EPS × book value per share)
ROIC
12.3%
vs 7.5% sector median
Cash flow to profit
0.51
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−180
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.9%
ROE × earnings retention ratio
ROE stability
5.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.82DII +0.11
Latest quarter vs the previous one
Cash-accrual divergence
6.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+Promoter holding rose by 6.9pp over the last year
+FII holding rose by 4.4pp over the last year
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9511,0051,0531,1771,2001,1371,1411,1351,1181,0711,1841,2881,432
Expenses8178478799971,0089299209018738389411,0461,144
Operating Profit134158174180192208221233245233243242288
OPM %14.1%15.7%16.5%15.3%16.0%18.3%19.4%20.5%21.9%21.8%20.5%18.8%20.1%
Other Income10101012131412142736476256
Interest1316211413111291615161722
Depreciation12121313131315141517181921
Profit before tax119139150166179197206224241237255268301
Net Profit86101109115123136141155179176192208228
EPS (₹)1.962.292.472.342.482.742.883.153.683.573.813.984.55

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4371,1821,3412,0222,4221,8061,6792,7914,1724,1854,6134,6614,974
Expenses1,3131,0361,1071,5691,8631,5251,5492,6353,7733,5403,7583,6993,969
Operating Profit1241462334525602801311563996458549621,005
OPM %8.6%12.4%17.4%22.4%23.1%15.5%7.8%5.6%9.6%15.4%18.5%20.6%20.2%
Other Income1396128814−17−24352171201
Interest1031118270715533366664456471
Depreciation59673333343947505150556875
Profit before tax−24−2312536146219465532805748061,0011,060
Net Profit−13−19822483242054739216411555755804
EPS (₹)−0.32−0.441.985.917.754.911.130.984.998.3411.2514.8915.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital394242424242424243494950—
Reserves7508379881,3731,5901,6921,7511,8262,2372,9963,6724,656—
Borrowings1,124887774660476505729587842605313770—
Other Liabilities329296308341680323269999555798621830—
Total Liabilities2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306—
Fixed Assets1,2281,1801,1741,1781,1701,4751,4681,5461,5151,5341,6051,942—
CWIP14311322133158160779467185372—
Investments23538727317947661131324785821,060—
Other Assets9777988389431,3058821,0981,7181,9382,3712,2832,933—
Total Assets2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity212296205258476283−4033154405447382
Cash from Investing Activity128−610−50−224−214−114−28−397−405−235−963
Cash from Financing Activity−348−278−233−200−257−41165−1823777−271590
Net Cash Flow−712−188−62811121347−6010

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.05.011.022.025.011.04.05.013.019.022.022.0
ROE %———————————17.8
EPS (₹)−0.32−0.441.985.917.754.911.130.984.998.3411.2514.89
Book Value (₹)———————————93.3
Face Value (₹)———————————1
P/E———————————41.7
Div Yield %———————————0.12
NPM %−0.9−1.66.112.213.311.32.81.45.29.711.915.6
OPM %9.012.017.022.023.016.08.06.010.015.019.021.0
D/E1.421.010.750.470.290.290.410.310.370.200.080.16
P/B———————————7.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+15.0%
5 years+23.0%
3 years+4.0%
TTM+10.0%
Compounded profit growth
10 years+44.0%
5 years+74.0%
3 years+47.0%
TTM+30.0%
Stock price CAGR
10 years+31.0%
5 years+67.0%
3 years+37.0%
Last year+45.0%
Return on equity
10 years14.0%
5 years14.0%
3 years17.0%
Last year18.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.95%48.95%48.95%48.93%48.90%45.43%45.43%45.61%50.29%51.61%52.49%52.49%
FIIs0.73%0.73%2.16%2.43%1.69%0.64%1.66%2.36%5.13%5.38%5.98%6.80%
DIIs0.09%0.09%0.62%1.64%2.76%0.01%0.00%0.48%2.12%4.62%3.22%3.33%
Government————————————
Public50.23%50.23%48.27%47.00%46.65%53.92%52.91%51.54%42.47%38.38%38.32%37.38%
No. of shareholders22,76422,76470,03882,7781,06,0312,41,0433,42,9712,80,9854,36,7004,45,7684,08,4084,14,141
Change since Jun 2023 (pp)
Promoters +3.54FIIs +6.07DIIs +3.24Public −12.85

Documents

As of 11 Oct 2026
Announcements
Intimation Regarding Issuance And Allotment Of Commercial Paper Amounting To Rs. 150 CroresCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Notice Of Board MeetingAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseIntimation of Repayment of Commercial Paper (CP)
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025RecordingOct 2025PPTOct 2025Recording

Corporate actions

As of 22 May 2026
22 May 2026DIVIDENDDividend - Re 0.80 Per Share—
23 May 2025DIVIDENDDividend - Rs 0.60 Per Share—
7 Jun 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.50 Per Share—
9 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Re 0.25 Per Share—
20 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Re 0.20 Per Share—
21 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 0.15 Per Share—
18 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.15 Per Sharee—
17 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.15 Per Share—
23 Aug 2018DIVIDEND Annual General Meeting/Dividend Re - 0.10 Per Share—
13 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 0.10 Per Share—
15 Sep 2016DIVIDEND Annual General Meeting And Dividend Re.0.05 Per Share—
12 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.10/- Per Share—
13 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Re 0.10/- Per Share—
10 Sep 2012DIVIDENDAnnual General Meeting And Dividend Re.0.10 Per Share—
19 Sep 2011DIVIDENDAnnual General Meeting/Dividend Re 0.10 Per Share—
8 Nov 2010SPLITFace Value Split From Rs.10/- To Re.1/-10 : 1
20 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman