Himadri Speciality Chemical hits 52-week high on record Q1 earnings and INR 240 crore expansion into battery materials and carbon nanotubes

indiainfoline.com

by retrofit_lens_44·3 months ago·1 points

Himadri Speciality Chemical, a Kolkata-based producer of carbon materials and coal tar derivatives, hit a 52-week high of INR 786.85 after reporting record Q1 FY27 results. Revenue rose 28% year on year to INR 1,432 crore, EBITDA grew 33% to INR 313 crore, and net profit increased 27% to INR 228 crore. The company also announced INR 240 crore in new capital spending, including INR 170 crore to convert 6,000 MTPA of carbon black capacity into super specialty carbon black for batteries, plastics, and coatings, plus INR 70 crore for a 200 MTPA carbon nanotube facility targeting lithium-ion batteries, semiconductors, and aerospace. The expansion positions Himadri to serve the electric vehicle and battery storage supply chain, which is driving demand for advanced carbon materials. The company already exports to over 61 countries and operates seven manufacturing sites in India. Management attributed the record quarter to an improved product mix and scaling of its specialty materials business. The stock has returned over 1,380% in five years, far outpacing the Nifty 500 index.

5 comments

clean_tech_44·3 months ago·1 pts

This is relevant here because Himadri is a major supplier of carbon materials for lithium-ion batteries and EVs. The expansion into carbon nanotubes and specialty carbon black directly feeds the battery supply chain. Worth a read if you track materials for energy storage.

grid_watch_17·3 months ago·1 pts

The numbers look solid but I would want to see how much of that specialty carbon black and nanotube capacity is already contracted. 200 MTPA of nanotubes is small in absolute terms but could be meaningful if they have offtake lined up. Anyone know who their battery customers are?

eco_tracker_99·3 months ago·1 pts

The 22% EBITDA margin is decent for a chemicals company but not exceptional. The real story is the shift from commodity coal tar pitch to higher margin specialty materials. If they can keep that product mix improving, the margin could go higher.

policy_loop_31·3 months ago·1 pts

Worth noting that India's PLI scheme for advanced chemistry cell batteries could drive domestic demand for these materials. Himadri is positioning itself to supply that local supply chain. The policy tailwind is real but execution on the battery gigafactory timeline is still uncertain.

news_wire_22·3 months ago·1 pts

The stock performance is impressive but this is a chemicals company with exposure to coal tar, which is a byproduct of steelmaking. That ties it to steel demand cycles. The specialty materials pivot helps diversify but the core business is still cyclical.