Himadri Speciality Chemical Ltd
About
Himadri Specialty Chemicals is a global chemical conglomerate focused on extensive carbon value chains. Having pioneered the manufacturing of lithium-ion battery anode material, Himadri has diversified its product portfolio to include specialty carbon black, refined naphthalene, coal tar pitch, specialty oils, and more. Through these products, the company is able to cater to industries like paints, tires, aluminium, agrochemicals, plastics, defence, and more. Himadri Specialty Chemicals prides itself on 8 zero-discharge plants, out of which 1 is in China and the rest are in West Bengal, Odisha, Chhattisgarh, and Andhra Pradesh. The company exports its products to 54 countries around the world, including Australia, France, Chile, Bahrain, and Finland.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4264 0.8% | 4230 44.0% | 2938 90.6% | 1542 -17.3% | 1863 -23.9% | 2447 19.8% | 2042 52.2% | 1342 18.0% | 1137 -24.7% | 1510 3.2% | 1463 4.3% | 1404 18.0% | 1189 61.9% | 735 35.9% | 541 38.6% | 390 - |
| Net Operating Income (INR Cr) | 4185 0.31% | 4172 49.46% | 2791 66.20% | 1679 -7.00% | 1806 -25.45% | 2422 19.83% | 2022 50.52% | 1343 13.48% | 1183 -17.70% | 1438 3.00% | 1396 3.16% | 1353 18.22% | 1145 63.52% | 700 48.51% | 471 24.60% | 378 4.71% |
| Profit (INR Cr) | 411 90.2% | 216 427.4% | 41 -13.8% | 47 -76.9% | 205 -36.6% | 324 31.1% | 247 198.9% | 83 - | -19 - | -12 - | -57 - | 9 -83.5% | 57 -49.5% | 113 5.5% | 107 129.6% | 47 - |
| Assets (INR Cr) | 3657 17.0% | 3126 27.3% | 2456 -2.8% | 2526 12.3% | 2250 6.4% | 2115 1.5% | 2083 14.8% | 1814 -0.7% | 1827 -7.9% | 1984 -12.6% | 2269 1.5% | 2235 9.9% | 2034 19.6% | 1700 47.5% | 1152 58.2% | 728 - |
| Net Worth (INR Cr) | 3046 33.6% | 2281 22.1% | 1868 4.2% | 1793 3.4% | 1734 6.3% | 1632 15.4% | 1415 37.3% | 1030 17.2% | 879 11.4% | 789 -0.9% | 796 -10.3% | 887 -0.8% | 894 5.7% | 846 14.9% | 736 91.8% | 384 12.6% |
| Employee Cost (INR Cr) | 110 20.7% | 92 13.3% | 81 6.1% | 76 2.4% | 74 24.8% | 60 23.1% | 48 29.7% | 37 16.7% | 32 -1.9% | 33 17.4% | 28 4.7% | 27 39.6% | 19 52.0% | 12 50.3% | 8 69.3% | 5 - |
| Interest Cost (INR Cr) | 64 | 66 | 36 | 33 | 55 | 71 | 70 | 82 | 111 | 103 | 118 | 80 | 76 | 30 | 28 | 19 |
| Cash & Bank Balance (INR Cr) | 731 | 625 | 265 | 138 | 47 | 51 | 34 | 37 | 47 | 41 | 49 | 102 | 73 | 105 | 33 | 10 |
| Total Debt (INR Cr) | 605 | 842 | 587 | 729 | 505 | 476 | 660 | 774 | 887 | 1124 | 1362 | 1275 | 1098 | 849 | 414 | 345 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.6% | 5.1% | 1.4% | 3.1% | 11.0% | 13.3% | 12.1% | 6.2% | - | - | - | 0.7% | 4.8% | 15.4% | 19.9% | 12.0% |
| Profit As % Of Assets | 11.2% | 6.9% | 1.7% | 1.9% | 9.1% | 15.3% | 11.9% | 4.6% | - | - | - | 0.4% | 2.8% | 6.7% | 9.3% | 6.4% |
| Profit As % Of Networth | 13.5% | 9.5% | 2.2% | 2.7% | 11.9% | 19.9% | 17.5% | 8.0% | - | - | - | 1.1% | 6.4% | 13.4% | 14.6% | 12.2% |
| Interest Cost to EBITDA % | 9.9% | 17.9% | 27.1% | 25.5% | 19.6% | 12.7% | 15.6% | 35.0% | 76.2% | 82.6% | 132.9% | 74.9% | 42.5% | 15.2% | 15.3% | 20.2% |
| Debt to Equity Ratio | 0.20 | 0.37 | 0.31 | 0.41 | 0.29 | 0.29 | 0.47 | 0.75 | 1.01 | 1.43 | 1.71 | 1.44 | 1.23 | 1.00 | 0.56 | 0.90 |
| RONW | 15.4% | 11.5% | 3.1% | 2.7% | 12.2% | 21.3% | 20.3% | 8.6% | - | - | - | -1.2% | 5.1% | 14.3% | 19.1% | 12.9% |
| ROCE | 18.8% | 13.4% | 4.6% | 4.1% | 11.4% | 25.4% | 22.1% | 11.3% | 4.6% | 3.3% | 1.9% | 2.8% | 7.4% | 12.1% | 18.4% | 12.8% |