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Himadri Shares Rise 50% Amid Battery Materials Expansion Plans
Himadri makes special chemicals and materials used in industries such as batteries.
Its shares have risen strongly over the past six months.
Investors are encouraged because the company’s latest profits and sales grew compared with last year.
Himadri is moving toward more advanced products that can potentially earn higher margins.
It wants to build a large battery-materials business.
The company plans to spend ₹1,300 crore this financial year and about ₹1,500 crore the next year.
It has also expanded partnerships with battery companies in the United States and Australia.
Investors appear hopeful about Himadri’s plans, although the article does not guarantee that the targets will be achieved.
Himadri Speciality Chemical shares have risen about 50% in six months, while the Sensex declined 4%.
The company reported Q1FY27 revenue of ₹1,432 crore, EBITDA of ₹313 crore and PAT of ₹228 crore.
Himadri is shifting toward higher-value speciality, advanced and battery materials from more commodity-linked products.
It plans to invest about ₹1,300 crore in advanced products in FY27 and another ₹1,500 crore the following year.
The company is targeting ₹30,000 crore in battery-materials revenue within six years and expanding its global partnerships and presence.
- Who
- Himadri Speciality Chemical, its management and investors.
- What
- The company’s shares have risen about 50% in six months amid strong quarterly results and expansion plans.
- Where
- Himadri operates in the advanced-materials sector and is expanding through Dubai, the United States and Australia.
- When
- The six-month period and Q1FY27; the article also cites the stock’s 52-week high on 21 July and low on 24 November last year.
- Why
- Experts attribute the rise to stronger earnings, a shift toward higher-value products, battery-materials ambitions and planned investments.
Key facts
- Six-month share performance
- About 50% rise, compared with a 4% decline in the Sensex.
- Q1FY27 revenue
- ₹1,432 crore, up 28% year over year.
- Q1FY27 EBITDA
- ₹313 crore, up 33% year over year, with a 22% margin.
- Q1FY27 PAT
- ₹228 crore, up 27% year over year.
- FY27 planned investment
- About ₹1,300 crore in LFP, Carbon Nano Tube, Super Speciality Carbon Black and other advanced products.
- Following-year investment
- The company is preparing for another investment cycle of around ₹1,500 crore.
- Battery-materials target
- ₹30,000 crore in revenue within six years.
- Share-price range
- The stock reached a 52-week high of ₹819.50 on 21 July and a low of ₹420 on 24 November last year.
Quotes
Seema Srivastava
Senior Research Analyst at SMC Global Securities
“Q1FY27 consolidated revenue grew 28% YoY to ₹1,432 crore, EBITDA rose 33% to ₹313 crore with a healthy 22% margin, while PAT increased 27% to ₹228 crore. More importantly, management highlighted a continued shift towards higher-value products, supporting the market’s expectation of structurally improving margins and return ratios. The bigger trigger, however, is Himadri’s transformation from a traditional carbon-materials player into an advanced materials and battery-materials company.”
livemint.com
“The focus now is on high-value-added and speciality products, which pave the way for the future growth of the company. If you look at our product profile, we are now into fully speciality chemicals. And every quarter on quarter, year on year, we are adding more products, which is changing the entire dynamics of the company.”
livemint.com
Sources
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