Himadri Speciality Chemical Ltd (NSE:HSCL)

Q4 2026 Himadri Speciality Chemical Ltd Earnings Call Transcript

Apr 27, 2026 / 10:30 AM GMT

Release Date Price: ₹570.65 (+0.79%)

Transcript

Key Points

Positve

Himadri Speciality Chemical Ltd (BOM:500184) successfully commissioned its first anode material manufacturing facility, marking a significant milestone in its entry into the lithium-ion battery material value chain.
The company reported strong financial performance with a consolidated EBITDA of 1,006 crores and a profit after tax of 755 crores, reflecting a 36% year-on-year growth.
Himadri's research and development capabilities are robust, with over 180 scientists and technologists, enabling the company to innovate and develop high-value specialty chemicals and advanced materials.
The company has expanded its specialty carbon black capacity, making its Mahesh Dikri facility the world's single largest location for specialty carbon black production.
Himadri's strategic investments and collaborations, such as with Shikuna Battery Technologies and IBC, position it well for future growth in the lithium-ion battery ecosystem.

Negative

Geopolitical developments in West Asia have introduced volatility in energy prices and logistics, although the company claims to be structurally insulated from these impacts.
The anode business is still in its early stages, with no significant revenue expected from the initial 200 metric tons capacity in FY27.
The company faces competition in Southeast Asia, although it claims its quality and cost advantages over Chinese competitors.
Himadri's financials show a decline in net cash from 392 crores to 122 crores, and an increase in standalone current borrowings, raising concerns about cash flow management.
The company has not provided specific guidance on revenue growth rates or margin expansion, leaving some uncertainty about future financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HIMD.NS - Himadri Speciality Chemical Ltd
Q4 2026 Himadri Speciality Chemical Ltd Earnings Call
Apr 27, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Himanshri Specialty Chemical Limited Q4 and FY26 conference call hosted by MUFG.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Chirag Bhatia from MUFG.

Thank you, and over to you, sir.

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Unidentified_2 [2]

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