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Himadri Speciality Chemical Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹545.27Overvalued by 10.61%vs CMP ₹610.00

P/E (41.0) × ROE (17.8%) × BV (₹93.30) × DY (0.10%)

₹330.44Overvalued by 45.83%vs CMP ₹610.00
MoS: -84.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹930.8623%Under (+52.6%)
Graham NumberEarnings₹172.7117%Over (-71.7%)
Earnings PowerEarnings₹51.2411%Over (-91.6%)
DCFCash Flow₹326.5411%Over (-46.5%)
Net Asset ValueAssets₹93.257%Over (-84.7%)
EV/EBITDAEnterprise₹164.909%Over (-73%)
Earnings YieldEarnings₹142.107%Over (-76.7%)
ROCE CapitalReturns₹45.387%Over (-92.6%)
Revenue MultipleRevenue₹91.416%Over (-85%)
Consensus (9 models)₹330.44100%Overvalued
Key Drivers: EPS CAGR 70.7% lifts DCF — verify sustainability. | Wide model spread (₹45–₹931) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 70.7%

*Investments are subject to market risks

Analyst Summary

Himadri Speciality Chemical Ltd operates in the Chemicals - Speciality - Others segment, current market price is ₹610.00, market cap is 30,785 Cr.. At a glance, stock P/E is 41.0, ROE is 17.8 %, ROCE is 22.2 %, book value is 93.3, dividend yield is 0.10 %. The latest intrinsic value estimate is ₹330.44, around 45.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,613 Cr versus the prior period change of 10.2%, while latest net profit is about ₹555 Cr with a prior-period change of 35.0%. The 52-week range shown on this page is 643/407, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHimadri 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 Numb…

This summary is generated from the stock page data available for Himadri Speciality Chemical Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

72
Himadri Speciality Chemical Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health78/100 · Strong
ROCE 22.2% ExcellentROE 17.8% GoodD/E 0.37 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.37% (6mo) Slight increaseDII holding down 1.53% MF sellingPromoter increased by 0.92% Positive
Earnings Quality65/100 · Strong
OPM expanding (8% → 17%) Improving
Quarterly Momentum70/100 · Strong
Revenue (4Q): -3% YoY FlatProfit (4Q): +36% YoY Strong
Industry Rank80/100 · Strong
P/E 41.0 vs industry 79.7 Cheaper than peersROCE 22.2% vs industry 13.0% Above peers3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:15 am

Market Cap 30,785 Cr.
Current Price 610
Intrinsic Value₹330.44
High / Low 643/407
Stock P/E41.0
Book Value 93.3
Dividend Yield0.10 %
ROCE22.2 %
ROE17.8 %
Face Value 1.00
PEG Ratio0.58

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Himadri Speciality Chemical Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Himadri Speciality Chemical Ltd 30,785 Cr. 610 643/40741.0 93.30.10 %22.2 %17.8 % 1.00
Gujarat Fluorochemicals Ltd 41,215 Cr. 3,751 4,054/2,91761.8 6930.08 %9.89 %8.29 % 1.00
Aarti Industries Ltd 18,616 Cr. 513 523/33845.2 1640.19 %6.85 %7.13 % 5.00
Aether Industries Ltd 16,597 Cr. 1,252 1,275/72389.1 1740.00 %9.92 %7.49 % 10.0
Anupam Rasayan India Ltd 15,456 Cr. 1,348 1,407/85189.8 2810.06 %7.33 %3.32 % 10.0
Industry Average14,305.79 Cr862.7379.73183.930.46%12.97%25.46%6.41

All Competitor Stocks of Himadri Speciality Chemical Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,0371,0299511,0051,0531,1771,2001,1371,1411,1351,1181,0711,184
Expenses 9329038178478799971,008929920901873838941
Operating Profit 105126134158174180192208221233245233243
OPM % 10%12%14%16%17%15%16%18%19%21%22%22%20%
Other Income 8111010101213141214273647
Interest 2013131621141311129161516
Depreciation 13121212131313131514151718
Profit before tax 79111119139150166179197206224241237255
Tax % 18%31%28%28%28%30%31%31%31%31%26%26%25%
Net Profit 657686101109115123136141155179176192
EPS in Rs 1.551.761.962.292.472.342.482.742.883.153.683.573.81

Last Updated: February 5, 2026, 5:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3951,4371,1821,3412,0222,4221,8061,6792,7914,1724,1854,6134,508
Expenses 1,3071,3131,0361,1071,5691,8631,5251,5492,6353,7733,5403,7583,554
Operating Profit 88124146233452560280131156399645854954
OPM % 6%9%12%17%22%23%16%8%6%10%15%19%21%
Other Income 131396128814-17-24352123
Interest 11810311182707155333666644556
Depreciation 58596733333439475051505563
Profit before tax -75-24-231253614621946553280574806957
Tax % -22%-49%-19%34%31%30%-6%27%27%23%28%31%
Net Profit -58-13-19822483242054739216411555703
EPS in Rs -1.48-0.32-0.441.985.917.754.911.130.984.998.3411.2514.21
Dividend Payout % -7%0%-11%5%2%2%3%13%20%5%6%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)77.59%-46.15%531.58%202.44%30.65%-36.73%-77.07%-17.02%453.85%90.28%35.04%
Change in YoY Net Profit Growth (%)0.00%-123.74%577.73%-329.14%-171.79%-67.37%-40.34%60.05%470.87%-363.57%-55.24%

Himadri Speciality Chemical Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:21%
3 Years:18%
TTM:2%
Compounded Profit Growth
10 Years:40%
5 Years:22%
3 Years:111%
TTM:37%
Stock Price CAGR
10 Years:41%
5 Years:53%
3 Years:65%
1 Year:-15%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 6:10 am

Balance Sheet

Last Updated: April 27, 2026, 6:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 394242424242424243494950
Reserves 7508379881,3731,5901,6921,7511,8262,2372,9963,6724,656
Borrowings 1,124887774660476505729587842605313768
Other Liabilities 329296308341680323269999555798621831
Total Liabilities 2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306
Fixed Assets 1,2281,1801,1741,1781,1701,4751,4681,5461,5151,5341,6051,942
CWIP 14311322133158160779467185372
Investments 23538727317947661131324785821,060
Other Assets 9777988389431,3058821,0981,7181,9382,3712,2832,933
Total Assets 2,2422,0622,1122,4162,7882,5622,7913,4543,6784,4494,6566,306

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 212296205258476283-4033154405447382
Cash from Investing Activity + 128-610-50-224-214-114-28-397-405-235-964
Cash from Financing Activity + -348-278-233-200-257-41165-1823777-271590
Net Cash Flow -712-188-62811121347-608
Free Cash Flow 18428120119527236-76308-22352276-63
CFO/OP 169%203%98%75%102%113%-20%223%25%77%69%64%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow88.00123.00-741.00-541.00-208.0084.00-225.00-598.00-431.00-443.0040.00541.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9282636049556110066445750
Inventory Days 134122138164112124121100125618568
Days Payable 36365074391006845127396928
Cash Conversion Cycle 1911681511501227911315565667390
Working Capital Days -114-221929401015-113269
ROCE %2%3%5%11%22%25%11%4%5%13%19%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 45.61%44.96%44.86%44.79%50.29%50.20%50.78%51.56%51.61%51.60%51.57%52.49%
FIIs 2.36%2.96%5.12%5.39%5.13%5.16%5.24%5.15%5.38%5.20%5.74%5.75%
DIIs 0.48%0.53%0.50%0.63%2.12%2.27%3.60%4.24%4.62%4.83%3.21%3.09%
Public 51.54%51.54%49.53%49.18%42.47%42.36%40.38%39.05%38.38%38.36%39.46%38.66%
No. of Shareholders 2,80,9853,06,3464,40,4154,38,4144,36,7004,35,6284,47,6664,54,9434,45,7684,48,3394,53,8104,29,391

Shareholding Pattern Chart

No. of Shareholders

Himadri Speciality Chemical Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant ELSS Tax Saver Fund 2,362,973 0.93 108.87N/AN/AN/A
Quant Small Cap Fund 1,143,581 0.19 52.69674,4782026-01-25 04:54:4569.55%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 11.269.165.130.981.13
Diluted EPS (Rs.) 11.179.165.130.981.13
Cash EPS (Rs.) 12.359.356.162.112.25
Book Value[Excl.RevalReserv]/Share (Rs.) 75.3761.7752.6444.5142.78
Book Value[Incl.RevalReserv]/Share (Rs.) 75.3761.7752.6444.5142.78
Revenue From Operations / Share (Rs.) 93.4184.9696.4166.6240.09
PBDIT / Share (Rs.) 18.3513.969.873.903.46
PBIT / Share (Rs.) 17.2312.958.702.712.34
PBT / Share (Rs.) 16.3311.656.481.281.54
Net Profit / Share (Rs.) 11.248.344.990.931.13
NP After MI And SOA / Share (Rs.) 11.258.344.990.971.13
PBDIT Margin (%) 19.6316.4310.235.848.63
PBIT Margin (%) 18.4415.239.024.075.83
PBT Margin (%) 17.4713.716.711.913.84
Net Profit Margin (%) 12.039.815.171.392.81
NP After MI And SOA Margin (%) 12.049.815.171.462.82
Return on Networth / Equity (%) 14.9213.489.472.192.64
Return on Capital Employeed (%) 21.0019.6415.485.575.02
Return On Assets (%) 11.939.235.871.181.70
Long Term Debt / Equity (X) 0.000.010.020.040.04
Total Debt / Equity (X) 0.080.190.360.300.37
Asset Turnover Ratio (%) 1.011.031.170.900.63
Current Ratio (X) 3.561.921.511.181.25
Quick Ratio (X) 2.591.331.070.630.84
Inventory Turnover Ratio (X) 7.164.924.994.303.13
Dividend Payout Ratio (NP) (%) 4.442.633.8815.3413.23
Dividend Payout Ratio (CP) (%) 4.042.343.146.946.65
Earning Retention Ratio (%) 95.5697.3796.1284.6686.77
Cash Earning Retention Ratio (%) 95.9697.6696.8693.0693.35
Interest Coverage Ratio (X) 20.2310.776.474.584.34
Interest Coverage Ratio (Post Tax) (X) 13.407.434.722.792.41
Enterprise Value (Cr.) 20619.9714725.343988.713425.682287.01
EV / Net Operating Revenue (X) 4.473.520.951.231.36
EV / EBITDA (X) 22.7621.429.3420.9815.78
MarketCap / Net Operating Revenue (X) 4.543.550.901.121.04
Retention Ratios (%) 95.5597.3696.1184.6586.76
Price / BV (X) 5.624.881.661.670.97
Price / Net Operating Revenue (X) 4.543.550.901.121.04
EarningsYield 0.020.020.050.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 4405.11 Cr. and Equity Capital is Rs. 50.45 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Carbon BlackFortuna Tower, 23-A, Netaji Subhas Road, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Anurag ChoudharyChairman & M.D & CEO
Mr. Shyam Sundar ChoudharyExecutive Director
Mr. Amit ChoudharyExecutive Director
Mr. Girish Paman VanvariIndependent Director
Mr. Gopal Ajay MalpaniIndependent Director
Ms. Rita BhattacharyaIndependent Director
Mr. Amitabh SrivastavaIndependent Director

FAQ

What is the intrinsic value of Himadri Speciality Chemical Ltd and is it undervalued?

As of 05 May 2026, Himadri Speciality Chemical Ltd's intrinsic value is ₹330.44, which is 45.83% lower than the current market price of ₹610.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.8 %), book value (₹93.3), dividend yield (0.10 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Himadri Speciality Chemical Ltd?

Himadri Speciality Chemical Ltd is trading at ₹610.00 as of 05 May 2026, with a FY2026-2027 high of ₹643 and low of ₹407. The stock is currently near its 52-week high. Market cap stands at ₹30,785 Cr..

How does Himadri Speciality Chemical Ltd's P/E ratio compare to its industry?

Himadri Speciality Chemical Ltd has a P/E ratio of 41.0, which is below the industry average of 79.73. This is broadly in line with or below the industry average.

Is Himadri Speciality Chemical Ltd financially healthy?

Key indicators for Himadri Speciality Chemical Ltd: ROCE of 22.2 % indicates efficient capital utilization; ROE of 17.8 % shows strong shareholder returns. Dividend yield is 0.10 %.

Is Himadri Speciality Chemical Ltd profitable and how is the profit trend?

Himadri Speciality Chemical Ltd reported a net profit of ₹555 Cr in Mar 2025 on revenue of ₹4,613 Cr. Compared to ₹39 Cr in Mar 2022, the net profit shows an improving trend.

Does Himadri Speciality Chemical Ltd pay dividends?

Himadri Speciality Chemical Ltd has a dividend yield of 0.10 % at the current price of ₹610.00. The company pays dividends, though the yield is modest.

Last Updated: May 5, 2026, 12:15 am
Author: Getaka|Social: XLinkedIn
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
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