Himadri Speciality Chemical (NSE:HSCL) EBIT: ₹10,653 Mil (TTM As of Mar. 2026)

What is Himadri Speciality Chemical EBIT?

Himadri Speciality Chemical NSE:HSCL +2.28% 79 EBIT is ₹10,653 Mil as of Mar. 2026. GuruFocus rates NSE:HSCL with a GF Score™ of 79/100 and a GF Value™ of ₹488.45 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Himadri Speciality Chemical's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹2,853 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹10,653 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Himadri Speciality Chemical's annualized ROC % for the quarter that ended in Mar. 2026 was 23.89%. Himadri Speciality Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Himadri Speciality Chemical's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.07%.

Himadri Speciality Chemical (NSE:HSCL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Himadri Speciality Chemical's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	17340.8 * ( 1 - 22.53% )	/	( (0	+	56232.699)	/ 1 )
=	13433.91776	/	56232.699
=	23.89 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	63063.854	-	3935.862	-	( 2895.293	-	max(0, 12361.338	-	28235.141	+	2895.293	))
=	56232.699

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Himadri Speciality Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	11411.2	/	( ( (0 + max(0, 0))	+	(22896.463 + max(19041.387, 0)) )	/	1 )
=	11411.2	/	( ( 0	+	41937.85 )	/	1 )
=	11411.2	/	41937.85
=	27.21 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6964.209	+	7629.612	+	9168.693)	-	(3935.862	+	0	+	785.265)
=	19041.387

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Himadri Speciality Chemical's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	10652.7	/	347437.759
	=	3.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Himadri Speciality Chemical EBIT Related Terms

Himadri Speciality Chemical EBIT Historical Data

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The historical data trend for Himadri Speciality Chemical's EBIT can be seen below:

Himadri Speciality Chemical EBIT Chart

Himadri Speciality Chemical Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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827.22

3,292.30

6,316.55

8,470.10

10,635.13

Himadri Speciality Chemical Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															2,331.10	2,570.50	2,513.20	2,716.20	2,852.80

NSE:HSCL vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Himadri Speciality Chemical's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Himadri Speciality Chemical EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Himadri Speciality Chemical's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Himadri Speciality Chemical's EV-to-EBIT falls into.

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79GF Score

Himadri Speciality Chemical Ltd NSE:HSCL

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Himadri Speciality Chemical EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹10,653 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₹10,653 Mil mean?

Himadri Speciality Chemical (NSE:HSCL) has a EBIT of ₹10,653 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Himadri Speciality Chemical.

Is Himadri Speciality Chemical's EBIT too high?

Himadri Speciality Chemical's current EBIT is ₹10,653 Mil. Overall, Himadri Speciality Chemical has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Himadri Speciality Chemical's EBIT compare to LIN and SHW?

Himadri Speciality Chemical's EBIT of ₹10,653 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Chemicals company?

A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Himadri Speciality Chemical. Himadri Speciality Chemical's current EBIT is ₹10,653 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Himadri Speciality Chemical stock overvalued right now?

Based on GuruFocus' analysis, Himadri Speciality Chemical (NSE:HSCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹488.45, compared to a current price of ₹678.10 — trading 38.8% above its estimated fair value. The current EBIT is ₹10,653 Mil. Himadri Speciality Chemical's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Himadri Speciality Chemical (NSE:HSCL), the current EBIT is ₹10,653 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Himadri Speciality Chemical (NSE:HSCL) Overvalued in 2026?

Based on GuruFocus' analysis, Himadri Speciality Chemical stock appears to be overvalued. The current stock price of ₹678.10 is trading 38.8% above its estimated GF Value™ of ₹488.45. GuruFocus considers Himadri Speciality Chemical to be Significantly Overvalued.

Key valuation signals for NSE:HSCL:

EBIT: ₹10,653 Mil
GF Value™: ₹488.45 vs. price of ₹678.10 (38.8% above fair value)
GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the NSE:HSCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Himadri Speciality Chemical Business Description

Industry Basic Materials Chemicals

Comparable Companies BOM:543349 BOM:542812 NSE:ATUL BOM:500165 BOM:524208 BOM:500042 BOM:543275 BOM:543534 BOM:500710 BOM:500655 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Other Exchanges 500184:India

Address India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001

Website https://www.himadri.com

Himadri Speciality Chemical Ltd is an Indian Coal Tar Pitch manufacturer with supplies to aluminium and graphite manufacturers. The company operates its business through two segments, which include Carbon Materials and chemicals; Power; and Others. Through its operating segments, the company serves coal tar pitch to various industries to help manufacture aluminum, graphite electrodes, warhead missiles, lithium-ion batteries, and sulfonated naphthalene formaldehyde. Himadri also generates power through the windmills, which are marketed to the state electricity grid. The majority of its revenue is derived from the Carbon materials and chemicals segment. The group has a business presence in India, where it generates maximum revenue; and Outside India.

79GF Score

Get the complete analysis for NSE:HSCL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹678.10

Price

₹488.45

GF Value

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