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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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
Mr. Amit ChoudharyExecutive Director
Mr. Sakti Kumar BanerjeeIndependent Director
Ms. Rita BhattacharyaIndependent Director
Mr. Santosh Kumar AgrawalaIndependent Director
Mr. Gopal Ajay MalpaniIndependent Director
Mr. Santimoy DeyIndependent Director
Mr. Girish Paman VanvariIndependent Director

Himadri Speciality Chemical Ltd. Share Price Update

Share PriceValue
Today₹368.30
Previous Day₹371.95

Basic Stock Data of Himadri Speciality Chemical Ltd

Market Cap 15,949 Cr.
Current Price 362
High / Low399/80.3
Stock P/E42.9
Book Value 57.7
Dividend Yield0.07 %
ROCE13.7 %
ROE11.8 %
Face Value 1.00

Data Source: screener.in

Himadri Speciality Chemical Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3894675665406457728341,0471,0591,0371,0299511,005
Expenses344426525504616728790975962932903817847
Operating Profit464140363044447297105126134158
OPM %12%9%7%7%5%6%5%7%9%10%12%14%16%
Other Income543134-232-228111010
Interest97788911132020131316
Depreciation12121212121213131313121212
Profit before tax302624171227-3484279111119139
Tax %31%38%6%17%24%11%-163%20%15%18%31%28%28%
Net Profit21162314924-93936657686101
EPS in Rs0.490.390.550.350.220.58-0.170.920.861.551.761.962.29

Himadri Speciality Chemical Ltd Quarterly Chart

Himadri Speciality Chemical Ltd Profit & Loss

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:16%
3 Years:32%
TTM:2%
Compounded Profit Growth
10 Years:38%
5 Years:-1%
3 Years:5%
TTM:115%
Stock Price CAGR
10 Years:34%
5 Years:27%
3 Years:98%
1 Year:325%
Return on Equity
10 Years:8%
5 Years:10%
3 Years:6%
Last Year:12%

Himadri Speciality Chemical Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 95-11149212296205258476283-4033154
Cash from Investing Activity -208-6-99128-610-50-224-214-114-28-397
Cash from Financing Activity 11469-109-348-278-233-200-257-41165-182377
Net Cash Flow051-58-712-188-6281112134

Himadri Speciality Chemical Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7866928263604955611006644
Inventory Days14713813412213816411212412110012561
Days Payable20163636507439100684512739
Cash Conversion Cycle205188191168151150122791131556566
Working Capital Days1801901451381051179576731536370
ROCE %7%3%2%3%5%11%22%25%11%4%5%14%

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)
Motilal Oswal Nifty Microcap 250 Index Fund2309831.25.51
Groww Nifty Total Market Index Fund5390.040.01

Himadri Speciality Chemical Ltd ROCE Trend

Himadri Speciality Chemical Ltd EPS Trend

Himadri Speciality Chemical Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.130.981.134.917.75
Diluted EPS (Rs.)5.130.981.134.917.74
Cash EPS (Rs.)6.162.112.255.848.57
Book Value[Excl.RevalReserv]/Share (Rs.)52.6444.5142.7841.4038.98
Book Value[Incl.RevalReserv]/Share (Rs.)52.6444.5142.7841.4038.98
Revenue From Operations / Share (Rs.)96.4166.6240.0943.1257.87
PBDIT / Share (Rs.)9.873.903.466.8813.56
PBIT / Share (Rs.)8.702.712.345.9512.74
PBT / Share (Rs.)6.481.281.544.6411.04
Net Profit / Share (Rs.)4.990.931.134.907.75
NP After MI And SOA / Share (Rs.)4.990.971.134.917.75
PBDIT Margin (%)10.235.848.6315.9623.43
PBIT Margin (%)9.024.075.8313.7922.01
PBT Margin (%)6.711.913.8410.7519.07
Net Profit Margin (%)5.171.392.8111.3713.38
NP After MI And SOA Margin (%)5.171.462.8211.3713.38
Return on Networth / Equity (%)9.472.192.6411.8419.87
Return on Capital Employeed (%)15.485.575.0213.6827.28
Return On Assets (%)5.871.181.708.0111.63
Long Term Debt / Equity (X)0.020.040.040.010.11
Total Debt / Equity (X)0.360.300.370.190.26
Asset Turnover Ratio (%)1.180.900.630.680.91
Current Ratio (X)1.511.181.251.131.38
Quick Ratio (X)1.070.630.840.580.72
Inventory Turnover Ratio (X)5.014.303.132.763.34
Dividend Payout Ratio (NP) (%)3.8815.3413.230.001.55
Dividend Payout Ratio (CP) (%)3.146.946.650.001.40
Earning Retention Ratio (%)96.1284.6686.770.0098.45
Cash Earning Retention Ratio (%)96.8693.0693.350.0098.60
Interest Coverage Ratio (X)6.474.584.345.257.99
Interest Coverage Ratio (Post Tax) (X)4.722.792.414.745.56
Enterprise Value (Cr.)3988.713425.682287.011527.525282.18
EV / Net Operating Revenue (X)0.951.231.360.842.18
EV / EBITDA (X)9.3420.9815.785.309.31
MarketCap / Net Operating Revenue (X)0.901.121.040.682.02
Retention Ratios (%)96.1184.6586.760.0098.44
Price / BV (X)1.661.670.970.713.00
Price / Net Operating Revenue (X)0.901.121.040.682.02
EarningsYield0.050.010.020.160.06

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 of Himadri Speciality Chemical Ltd Stock

Fair Value: ₹292.29

The stock is overvalued by 19.26% compared to the current price ₹362

*Investments are subject to market risks

Strength and Weakness of Himadri Speciality Chemical Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,377.00 cr) compared to borrowings (873.38 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 is trading at a high valuation with an average P/B ratio of 6.49 and average Dividend Yield of 10.94%.
  2. The stock has a low average ROCE of 9.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 117.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 137.75, which may not be favorable.

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