Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. It is the No.1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of Naphthalene and SNF in India.
Product Portfolio
The company is a key player across various product segments, including battery materials, coal tar pitch, carbon black, naphthalene, refined naphthalene, SNF, and specialty oils. It serves a diverse range of industries, such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals.
Fundamental analysis
Comoany have registered highest Ever sales with OPM% of solid 16% highest in last 4 year.
EPS are at highest ever.
Expanding its production capacity with current year CWIP of 105 cr.
Debt is reducing , current Debt to Equity stand as low as 0.10.
ROCE is 19% , highest in last 4 years.
Promoter and institution investor have increased their share holding in recent quaters.
Cons
Stock is trading at 8.52 times its book value and PE of 60.3.
Technical analysis
After taking support from fib.50% level , formed a cup and handle and given breakout with increasing volume , shows bullish momentum with potential to cross all time high in long run.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.