Himadri Speciality Chemical Ltd, headquartered in Kolkata, India, is a leading global specialty chemical company with a strong focus on research and development, innovation, and sustainability. The company is renowned for being a pioneer in producing lithium-ion battery anode materials in India. Their diverse product portfolio includes specialty carbon black, coal tar pitch, refined naphthalene, and new energy materials, catering to various industries such as lithium-ion batteries, paints, plastics, tires, aluminum, graphite electrodes, agrochemicals, defense, and construction chemicals.
Himadri Speciality Chemical Ltd has recently garnered significant attention for establishing India’s first commercial lithium iron phosphate (LFP) cathode plant in Odisha. This development underscores their commitment to advancing the new energy materials sector and contributing to the growth of sustainable technologies. By continuously innovating and expanding their product offerings, Himadri Speciality Chemical Ltd aims to play a pivotal role in the evolving global specialty chemicals market.
History of Himadri Speciality Chemical Ltd
Established in 1987, Himadri Speciality Chemical Ltd has evolved into a leading global entity in the specialty chemical industry. The company’s journey began with a focus on coal tar distillation, which laid the foundation for its future growth. In the 1990s, Himadri expanded into producing coal tar pitch, a vital material for the aluminum and graphite industries. The 2000s marked a period of diversification as the company ventured into advanced carbon materials, including specialty carbon black and refined naphthalene.
In the 2010s, Himadri made significant strides in the lithium-ion battery market by developing anode materials, establishing itself as a pioneer in this sector within India. The 2020s saw further innovation with the establishment of India’s first commercial lithium iron phosphate cathode plant in Odisha. Throughout its history, Himadri Speciality Chemical Ltd has prioritized research and development, sustainability, and innovation, enabling it to cater to diverse industries such as batteries, paints, plastics, tires, aluminum, and more.
Shareholding Patterns of Himadri Speciality Chemical Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 44.96% | 44.86% | 44.79% | 50.29% | 50.20% |
| FIIs + | 2.96% | 5.12% | 5.39% | 5.13% | 5.16% |
| DIIs + | 0.53% | 0.50% | 0.63% | 2.12% | 2.27% |
| Public + | 51.54% | 49.53% | 49.18% | 42.47% | 42.36% |
| No. of Shareholders | 3,06,346 | 4,40,415 | 4,38,414 | 4,36,700 | 4,35,628 |
The shareholding pattern of Himadri Speciality Chemical Ltd has undergone significant changes from June 2023 to June 2024. Here is a detailed analysis of the key trends:
Promoters: The promoters’ shareholding witnessed a notable increase over the period. Starting at 44.96% in June 2023, there was a slight decrease to 44.86% in September 2023 and 44.79% in December 2023. However, a substantial rise occurred by March 2024, reaching 50.29%, and slightly dipping to 50.20% in June 2024. This increase indicates a growing confidence and control of the promoters over the company.
Foreign Institutional Investors (FIIs): The FIIs’ shareholding showed an upward trend initially, increasing from 2.96% in June 2023 to 5.12% in September 2023 and 5.39% in December 2023. However, a slight decline to 5.13% was observed in March 2024, with a marginal recovery to 5.16% by June 2024, reflecting consistent interest from foreign investors.
Domestic Institutional Investors (DIIs): The DIIs’ shareholding displayed a gradual upward trajectory. Starting at 0.53% in June 2023, it slightly decreased to 0.50% in September 2023 but subsequently increased to 0.63% in December 2023. A significant jump occurred in March 2024, reaching 2.12%, and further increased to 2.27% in June 2024, indicating growing domestic institutional interest.
Public: The public shareholding experienced a decline over the period. It began at 51.54% in June 2023, dropping to 49.53% in September 2023 and 49.18% in December 2023. A more pronounced decrease was observed by March 2024, falling to 42.47%, and a slight dip to 42.36% by June 2024. This reduction suggests a shift in shareholding from the public to other categories, particularly the promoters.
Number of Shareholders: The number of shareholders saw a substantial increase from 3,06,346 in June 2023 to 4,40,415 in September 2023, followed by a slight decline to 4,38,414 in December 2023. The numbers further decreased to 4,36,700 in March 2024 and 4,35,628 in June 2024, indicating fluctuations in shareholder engagement.
In summary, the shareholding pattern of Himadri Speciality Chemical Ltd reflects increased promoter control, consistent foreign institutional interest, growing domestic institutional investment, and a decrease in public shareholding, with fluctuations in the total number of shareholders over the period from June 2023 to June 2024.
How to Purchase Himadri Speciality Chemical Ltd Shares in India?
Below are the trading platforms that you can use to purchase Himadri Speciality Chemical Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Himadri Speciality Chemical Ltd Share Price Prediction: 2024 - 2030
Himadri Speciality Chemical Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 432.45 | 376.05 |
| September 2024 | 449.75 | 391.09 |
| October 2024 | 440.93 | 383.42 |
| November 2024 | 458.57 | 398.76 |
| December 2024 | 463.16 | 402.74 |
In 2024, the maximum and minimum prices for Himadri Speciality Chemical Ltd are projected to vary throughout the year. Specifically, in August 2024, the maximum price is anticipated to reach ₹432.45, while the minimum price is expected to be ₹376.05. As we progress towards December 2024, the maximum price is predicted to increase to ₹463.16, with the minimum price reaching ₹402.74. These projections reflect the expected market performance and investor sentiment towards Himadri Speciality Chemical Ltd during the year.
Himadri Speciality Chemical Ltd Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 467.79 | 359.84 |
| February 2025 | 472.51 | 363.47 |
| March 2025 | 482.44 | 371.10 |
| April 2025 | 477.66 | 367.43 |
| May 2025 | 463.75 | 356.73 |
| June 2025 | 484.62 | 372.78 |
| July 2025 | 475.11 | 365.47 |
| August 2025 | 489.81 | 376.78 |
| September 2025 | 495.69 | 381.30 |
| October 2025 | 508.57 | 391.21 |
| November 2025 | 521.29 | 400.99 |
| December 2025 | 544.75 | 419.03 |
In 2025, the projected prices for Himadri Speciality Chemical Ltd are expected to show a trend of growth and fluctuation throughout the year. As we step into January 2025, the maximum price is anticipated to be ₹467.79, while the minimum price is expected to be ₹359.84. Moving forward, by August 2025, the maximum price is projected to rise to ₹489.81, with the minimum price reaching ₹376.78. By the end of the year in December 2025, the maximum price for Himadri Speciality Chemical Ltd is expected to reach ₹544.75, and the minimum price is projected to be ₹419.03
Himadri Speciality Chemical Ltd Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 561.09 | 431.61 |
| February 2026 | 547.06 | 420.82 |
| March 2026 | 558.00 | 429.23 |
| April 2026 | 569.39 | 437.99 |
| May 2026 | 563.75 | 433.66 |
| June 2026 | 577.85 | 444.50 |
| July 2026 | 566.52 | 435.78 |
| August 2026 | 584.04 | 449.26 |
| September 2026 | 595.72 | 458.24 |
| October 2026 | 611.21 | 470.16 |
| November 2026 | 626.49 | 481.91 |
| December 2026 | 642.15 | 493.96 |
Himadri Speciality Chemical Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 648.57 | 498.90 |
| February 2027 | 665.20 | 511.69 |
| March 2027 | 691.14 | 531.65 |
| April 2027 | 677.59 | 521.22 |
| May 2027 | 657.86 | 506.04 |
| June 2027 | 687.46 | 528.81 |
| July 2027 | 673.98 | 518.45 |
| August 2027 | 694.82 | 534.48 |
| September 2027 | 719.14 | 553.19 |
| October 2027 | 737.84 | 567.57 |
| November 2027 | 756.29 | 581.76 |
| December 2027 | 775.19 | 596.30 |
Himadri Speciality Chemical Ltd Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 790.70 | 608.23 |
| February 2028 | 810.97 | 623.82 |
| March 2028 | 842.60 | 648.15 |
| April 2028 | 826.08 | 635.44 |
| May 2028 | 802.02 | 616.94 |
| June 2028 | 838.11 | 644.70 |
| July 2028 | 821.67 | 632.06 |
| August 2028 | 847.09 | 651.61 |
| September 2028 | 876.74 | 674.41 |
| October 2028 | 899.53 | 691.95 |
| November 2028 | 922.02 | 709.25 |
| December 2028 | 945.07 | 726.98 |
Himadri Speciality Chemical Ltd Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 963.97 | 741.52 |
| February 2029 | 988.69 | 760.53 |
| March 2029 | 1,027.25 | 790.19 |
| April 2029 | 1,007.10 | 774.70 |
| May 2029 | 977.77 | 752.13 |
| June 2029 | 1,021.77 | 785.98 |
| July 2029 | 1,001.74 | 770.57 |
| August 2029 | 1,032.72 | 794.40 |
| September 2029 | 1,068.86 | 822.20 |
| October 2029 | 1,096.65 | 843.58 |
| November 2029 | 1,124.07 | 864.67 |
| December 2029 | 1,152.17 | 886.29 |
Himadri Speciality Chemical Ltd Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,175.21 | 904.01 |
| February 2030 | 1,205.35 | 927.19 |
| March 2030 | 1,252.36 | 963.35 |
| April 2030 | 1,227.80 | 944.46 |
| May 2030 | 1,192.04 | 916.95 |
| June 2030 | 1,245.68 | 958.22 |
| July 2030 | 1,221.26 | 939.43 |
| August 2030 | 1,259.03 | 968.48 |
| September 2030 | 1,303.09 | 1,002.38 |
| October 2030 | 1,336.97 | 1,028.44 |
| November 2030 | 1,370.40 | 1,054.15 |
| December 2030 | 1,404.66 | 1,080.51 |
In 2030, Himadri Speciality Chemical Ltd is expected to experience a notable rise in its stock prices throughout the year. As we step into January 2030, the maximum price is anticipated to be ₹1,175.21, with a minimum price of ₹904.01. Moving forward, by August 2030, the maximum price is projected to rise to ₹1,259.03, while the minimum price is expected to be ₹968.48. By the end of the year in December 2030, the maximum price for Himadri Speciality Chemical Ltd is forecasted to reach ₹1,404.66, and the minimum price is projected to be ₹1,080.51. These projections highlight the anticipated Strong performance and increased market value of Himadri Speciality Chemical Ltd throughout 2030.
Financial Condition of Himadri Speciality Chemical Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,806 | 1,679 | 2,791 | 4,172 | 4,185 | 4,434 |
| Expenses + | 1,525 | 1,549 | 2,635 | 3,773 | 3,540 | 3,731 |
| Operating Profit | 280 | 131 | 156 | 399 | 645 | 703 |
| OPM % | 16% | 8% | 6% | 10% | 15% | 16% |
| Other Income + | 8 | 14 | -17 | -2 | 43 | 45 |
| Interest | 55 | 33 | 36 | 66 | 64 | 64 |
| Depreciation | 39 | 47 | 50 | 51 | 50 | 51 |
| Profit before tax | 194 | 65 | 53 | 280 | 574 | 634 |
| Tax % | -6% | 27% | 27% | 23% | 28% | |
| Net Profit + | 205 | 47 | 39 | 216 | 411 | 447 |
| EPS in Rs | 4.91 | 1.13 | 0.98 | 4.99 | 8.34 | 9.58 |
| Dividend Payout % | 3% | 13% | 20% | 5% | 6% |
Himadri Speciality Chemical Ltd has experienced significant financial growth from March 2020 to the trailing twelve months (TTM) ending in March 2024. Sales have surged from ₹1,806 crores to ₹4,434 crores, reflecting the company’s expanding market presence and increasing demand. Despite rising expenses, from ₹1,525 crores to ₹3,731 crores, the company has managed to enhance its operational efficiency, resulting in an operating profit increase from ₹280 crores to ₹703 crores. The Operating Profit Margin (OPM) improved notably to 16% in the TTM, indicating effective cost management. The company has also seen substantial improvements in its profit before tax, which rose from ₹194 crores to ₹634 crores, and in its net profit, which increased from ₹205 crores to ₹447 crores.
The earnings per share (EPS) have more than doubled, from ₹4.91 in March 2020 to ₹9.58 in the TTM, demonstrating better returns for shareholders. Interest and depreciation expenses have remained relatively stable, while other income showed variability but recovered to ₹45 crores in the TTM. The company’s effective tax rate has stabilized around 23-28% in recent years. Dividend payouts have fluctuated but stabilized around 5-6%. Overall, Himadri Speciality Chemical Ltd’s financial performance indicates strong growth and improved profitability, driven by strategic expansion and enhanced operational efficiencies.
FAQs
What is Himadri Speciality Chemical Ltd current market capitalization?
Himadri Speciality Chemical Ltd currently boasts a market capitalization of ₹21,024 crore
What is Himadri Speciality Chemical Ltd highest share price target in 2025?
Himadri Speciality Chemical Ltd share price soared to an impressive peak of ₹544.75 in December 2025, signaling strong investor confidence and market optimism.
What is the projected share price target for Himadri Speciality Chemical Ltd in 2030?
Looking ahead, Himadri Speciality Chemical Ltd share price is anticipated to reach impressive heights, ranging from ₹904.01 to ₹1,404.66 by 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
In conclusion, Himadri Speciality Chemical Ltd has exhibited a strong financial trajectory over the past five years, with substantial growth in sales from ₹1,806 crores to ₹4,434 crores by March 2024. The company’s ability to enhance operational efficiency is evident in the increase in operating profit from ₹280 crores to ₹703 crores and an improved Operating Profit Margin (OPM) of 16%. Profit Before Tax (PBT) and net profit have also significantly risen, reaching ₹634 crores and ₹447 crores, respectively. The doubling of earnings per share (EPS) from ₹4.91 to ₹9.58 underscores the company’s effective financial management and profitability. With stable interest and depreciation expenses, a consistent tax rate, and controlled dividend payouts, Himadri Speciality Chemical Ltd is well-positioned for continued success and growth.
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