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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Himadri Speciality Chemical Ltd

About the Company - Himadri Speciality Chemical Ltd

Himadri Speciality Chemical Ltd. is a Public Limited Listed company incorporated on 28/07/1987 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27106WB1987PLC042756 and registration number is 042756. Currently Company is involved in the business activities of Manufacture of other non-metallic mineral products (includes asbestos yarn and fabric, and articles of asbestos yarn and fabric such as clothing, headgear, footwear, cord, string, paper o felt; friction material with a basis of asbestos or other mineral substances or of cellulose including unmounted articles such as friction material; mineral insulating material (slag wool, rockwool and similar mineral wools, exfoliated vermiculite, expanded clays and similar insulating material); products of glass wool for heat-insulating; articles of asphalt or of similar material (e.g. coal tar pitch), gypsum and articles of other mineral substances). Company’s Total Operating Revenue is Rs. 2791.31 Cr. and Equity Capital is Rs. 41.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersFortuna Tower, 23-A, Netaji Subhas Road, Kolkata West Bengal 700001info@himadri.com
http://www.himadri.com
Management
NamePosition Held
Mr. Anurag ChoudharyChairman & M.D & CEO
Mr. Shyam Sundar ChoudharyExecutive Director
Ms. Rita BhattacharyaIndependent Director
Mr. Santimoy DeyIndependent Director
Mr. Girish Paman VanvariIndependent Director
Mr. Gopal Ajay MalpaniIndependent Director

Basic Stock Data of Himadri Speciality Chemical Ltd

Last Updated: July 20, 2024, 11:04 pm

Market Cap 19,778 Cr.
Current Price 401
High / Low443/133
Stock P/E44.2
Book Value 61.8
Dividend Yield0.12 %
ROCE19.1 %
ROE15.7 %
Face Value 1.00
PEG Ratio4.90

Data Source: screener.in

Himadri Speciality Chemical Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4675665406457728341,0471,0591,0371,0299511,0051,053
Expenses426525504616728790975962932903817847879
Operating Profit4140363044447297105126134158174
OPM %9%7%7%5%6%5%7%9%10%12%14%16%17%
Other Income43134-232-22811101010
Interest778891113202013131621
Depreciation12121212121313131312121213
Profit before tax2624171227-3484279111119139150
Tax %38%6%17%24%11%-163%20%15%18%31%28%28%28%
Net Profit162314924-93936657686101109
EPS in Rs0.390.550.350.220.58-0.170.920.861.551.761.962.292.47

Last Updated: July 16, 2024, 2:37 pm

Himadri Speciality Chemical Ltd Quarterly Chart

Himadri Speciality Chemical Ltd Profit & Loss

Last Updated: July 10, 2024, 5:50 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1441,3531,3951,4371,1821,3412,0222,4221,8061,6792,7914,1724,022
Expenses9651,2471,3071,3131,0361,1071,5691,8631,5251,5492,6353,7733,500
Operating Profit17910688124146233452560280131156399522
OPM %16%8%6%9%12%17%22%23%16%8%6%10%13%
Other Income1831131396128814-17-238
Interest76801181031118270715533366663
Depreciation46555859673333343947505150
Profit before tax752-75-24-231253614621946553280448
Tax %24%-312%22%49%19%34%31%30%-6%27%27%23%
Net Profit579-58-13-19822483242054739216328
EPS in Rs1.480.24-1.48-0.32-0.441.985.917.754.911.130.984.997.56
Dividend Payout %7%41%-7%0%-11%5%2%2%3%13%20%5%

Himadri Speciality Chemical Ltd Profit & Loss Yearly Chart

Himadri Speciality Chemical Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:12%
3 Years:36%
TTM:9%
Compounded Profit Growth
10 Years:25%
5 Years:5%
3 Years:106%
TTM:55%
Stock Price CAGR
10 Years:30%
5 Years:38%
3 Years:101%
1 Year:206%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:11%
Last Year:16%

Last Updated: July 17, 2024, 5:38 pm

Himadri Speciality Chemical Ltd Balance Sheet

Last Updated: July 10, 2024, 5:50 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital39393939424242424242424344
Reserves8558487577508379881,3731,5901,6921,7511,8262,1342,500
Borrowings1,0981,2751,3621,1248877746604765057295878421,035
Other Liabilities237256339329296308341680323269999659658
Total Liabilities2,2292,4182,4972,2422,0622,1122,4162,7882,5622,7913,4543,6784,236
Fixed Assets8439261,2211,2281,1801,1741,1781,1701,4751,4681,5461,5151,538
CWIP2723195914311322133158160779466
Investments2261121682353872731794766113132272
Other Assets8871,0611,0489777988389431,3058821,0981,7181,9382,359
Total Assets2,2292,4182,4972,2422,0622,1122,4162,7882,5622,7913,4543,6784,236

Himadri Speciality Chemical Ltd Reserves and Borrowings Chart

Himadri Speciality Chemical Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -11149212296205258476283-4033154405
Cash from Investing Activity -6-99128-610-50-224-214-114-28-397-405
Cash from Financing Activity 69-109-348-278-233-200-257-41165-1823777
Net Cash Flow51-58-712-188-62811121347

Himadri Speciality Chemical Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6692826360495561100664457
Inventory Days1381341221381641121241211001256185
Days Payable16363650743910068451273969
Cash Conversion Cycle18819116815115012279113155656673
Working Capital Days190145138105117957673153637083
ROCE %3%2%3%5%11%22%25%11%4%5%14%19%

Himadri Speciality Chemical Ltd Financial Efficiency Indicators Chart

Himadri Speciality Chemical Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters45.44%45.43%45.43%45.43%45.43%45.43%45.39%45.39%45.38%45.61%44.96%44.86%
FIIs0.72%0.64%0.71%0.84%1.21%1.66%1.61%1.97%2.38%2.36%2.96%5.12%
DIIs0.24%0.01%0.02%0.01%0.36%0.00%0.00%0.01%0.50%0.48%0.53%0.50%
Public53.60%53.92%53.84%53.73%53.01%52.91%53.00%52.64%51.74%51.54%51.54%49.53%
No. of Shareholders1,51,4882,41,0432,67,1353,10,3543,38,6053,42,9713,49,5853,08,1662,94,2342,80,9853,06,3464,40,415

Himadri Speciality Chemical Ltd Shareholding Pattern Chart

No. of Himadri Speciality Chemical Ltd Shareholders

Himadri Speciality Chemical Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund230,9831.25.515392024-07-1942753.99%
Groww Nifty Total Market Index Fund5390.040.015392024-07-190%

Himadri Speciality Chemical Ltd ROCE Trend

Himadri Speciality Chemical Ltd EPS Trend

Himadri Speciality Chemical Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)9.165.130.981.134.91
Diluted EPS (Rs.)9.165.130.981.134.91
Cash EPS (Rs.)9.356.162.112.255.84
Book Value[Excl.RevalReserv]/Share (Rs.)61.7752.6444.5142.7841.40
Book Value[Incl.RevalReserv]/Share (Rs.)61.7752.6444.5142.7841.40
Revenue From Operations / Share (Rs.)84.9696.4166.6240.0943.12
PBDIT / Share (Rs.)13.969.873.903.466.88
PBIT / Share (Rs.)12.958.702.712.345.95
PBT / Share (Rs.)11.656.481.281.544.64
Net Profit / Share (Rs.)8.344.990.931.134.90
NP After MI And SOA / Share (Rs.)8.344.990.971.134.91
PBDIT Margin (%)16.4310.235.848.6315.96
PBIT Margin (%)15.239.024.075.8313.79
PBT Margin (%)13.716.711.913.8410.75
Net Profit Margin (%)9.815.171.392.8111.37
NP After MI And SOA Margin (%)9.815.171.462.8211.37
Return on Networth / Equity (%)13.489.472.192.6411.84
Return on Capital Employeed (%)19.6415.485.575.0213.68
Return On Assets (%)9.235.871.181.708.01
Long Term Debt / Equity (X)0.010.020.040.040.01
Total Debt / Equity (X)0.190.360.300.370.19
Asset Turnover Ratio (%)1.031.180.900.630.68
Current Ratio (X)1.921.511.181.251.13
Quick Ratio (X)1.331.070.630.840.58
Inventory Turnover Ratio (X)4.925.014.303.132.76
Dividend Payout Ratio (NP) (%)0.003.8815.3413.230.00
Dividend Payout Ratio (CP) (%)0.003.146.946.650.00
Earning Retention Ratio (%)0.0096.1284.6686.770.00
Cash Earning Retention Ratio (%)0.0096.8693.0693.350.00
Interest Coverage Ratio (X)10.776.474.584.345.25
Interest Coverage Ratio (Post Tax) (X)7.434.722.792.414.74
Enterprise Value (Cr.)14725.503988.713425.682287.011527.52
EV / Net Operating Revenue (X)3.520.951.231.360.84
EV / EBITDA (X)21.429.3420.9815.785.30
MarketCap / Net Operating Revenue (X)3.550.901.121.040.68
Retention Ratios (%)0.0096.1184.6586.760.00
Price / BV (X)4.881.661.670.970.71
Price / Net Operating Revenue (X)3.550.901.121.040.68
EarningsYield0.020.050.010.020.16

Himadri Speciality Chemical Ltd Profitability Ratios (%)

Himadri Speciality Chemical Ltd Liquidity Ratios

Himadri Speciality Chemical Ltd Liquidity Ratios (%)

Himadri Speciality Chemical Ltd Interest Coverage Ratios (%)

Himadri Speciality Chemical Ltd Valuation Ratios

Fair Value

Fair Value: 429.37

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.07% compared to the current price 401

Intrinsic Value: 468.08

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.73% compared to the current price 401

Last 5 Year EPS CAGR: 9.02%

*Investments are subject to market risks

Strength and Weakness of Himadri Speciality Chemical Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,461.83 cr) compared to borrowings (818.83 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.69 cr) and profit (149.46 cr) over the years.
  1. The stock has a low average ROCE of 10.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 109.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 126.75, which may not be favorable.

FAQ

What is the latest fair value of Himadri Speciality Chemical Ltd?

The latest fair value of Himadri Speciality Chemical Ltd is ₹429.37.

What is the Market Cap of Himadri Speciality Chemical Ltd?

The Market Cap of Himadri Speciality Chemical Ltd is 19,778 Cr..

What is the current Stock Price of Himadri Speciality Chemical Ltd as on 21 July 2024?

The current stock price of Himadri Speciality Chemical Ltd as on 21 July 2024 is 401.

What is the High / Low of Himadri Speciality Chemical Ltd stocks in FY 2024?

In FY 2024, the High / Low of Himadri Speciality Chemical Ltd stocks is 443/133.

What is the Stock P/E of Himadri Speciality Chemical Ltd?

The Stock P/E of Himadri Speciality Chemical Ltd is 44.2.

What is the Book Value of Himadri Speciality Chemical Ltd?

The Book Value of Himadri Speciality Chemical Ltd is 61.8.

What is the Dividend Yield of Himadri Speciality Chemical Ltd?

The Dividend Yield of Himadri Speciality Chemical Ltd is 0.12 %.

What is the ROCE of Himadri Speciality Chemical Ltd?

The ROCE of Himadri Speciality Chemical Ltd is 19.1 %.

What is the ROE of Himadri Speciality Chemical Ltd?

The ROE of Himadri Speciality Chemical Ltd is 15.7 %.

What is the Face Value of Himadri Speciality Chemical Ltd?

The Face Value of Himadri Speciality Chemical Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Himadri Speciality Chemical Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE