Himadri Speciality Chemicals shares jumped 6% to reach their 52-week high of ₹642.40 during intraday trading on Monday, 4 May, marking the ninth consecutive session of gains. According to reports from Livemint, the stock opened at ₹620.25 against its previous close of ₹607.50, demonstrating strong momentum in the chemical sector. The stock has gained over 30% in three months and is up 24% year-to-date, with longer-term performance showing gains of 412% over three years and 1,227% over five years.
The company recently reported robust financial results with consolidated revenue increasing 13.5% year-on-year to ₹1,288 crore. As reported by Livemint, EBITDA rose 21.15% YoY to ₹280 crore, with operating margin expanding to 21.74%. Net profit surged 33.5% YoY to ₹207.53 crore, with the company achieving a net profit of ₹750 crore for FY26. The strong performance has been driven by the company's diversification strategy across specialty chemicals, advanced carbon materials, and EV battery components.
According to reports from Livemint, the company aims to double its profit by FY28 through focus on high-value growth, diversification to drive business resilience, and significant sustainable growth in profitability. Chairman and CEO Anurag Choudhary emphasized that growth continues to be shaped by purposeful innovation with R&D embedded at the core of strategy. The company plans to ramp up Birla Tyres capacity and enter high-margin off-highway tyres (OHT) and commercial vehicle (CV) segment for FY27. In core chemicals, forward integration to produce anthraquinone and carbazone is expected to be completed by Q2FY27.
As reported by Livemint, the Mahistikry expansion makes Himadri the world's largest single-location speciality carbon black plant, scaling total carbon black capacity to 250,000 MTPA. The maiden 200 MTPA anode material facility at Mahistikry marks entry into the lithium-ion battery value chain, with the LFP cathode active material plant planned for Q3FY27. According to Master Capital Services Chief Research Officer Ravi Singh, the company's transformation from coal tar pitch and carbon black story to a layered play across specialty chemicals and EV battery components offers meaningful long-term appreciation opportunities.
According to Livemint reports, the commencement of anthraquinone and carbazole facility is on track and will meaningfully reduce India's dependence on imports across dyes and pigments. The company has decided to remain firmly focused on disciplined capital allocation to drive sustainable returns and maintain a robust ROCE profile. This strategic focus aligns with India's active push for import substitution in key chemical sectors, positioning Himadri Speciality Chemicals as a meaningful domestic supplier for EV batteries and energy storage applications.
