Himadri Speciality Chemical (NSE:HSCL) Gross Margin %: 38.86% (As of Mar. 2026) — 23% Above Median


NSE:HSCL Himadri Speciality Chemical Ltd NSE:HSCL
77 GF Score
Price ₹678.10
GF Value ₹488.72
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Himadri Speciality Chemical Gross Margin %?

Himadri Speciality Chemical NSE:HSCL +2.28% 77 Gross Margin % is 38.86% as of Mar. 2026, which is 23% above its 10-year median of 31.48. GuruFocus rates NSE:HSCL with a GF Score™ of 77/100 and a GF Value™ of ₹488.72 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,561 Chemicals companies, Himadri Speciality Chemical ranks better than 79.69% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Himadri Speciality Chemical's Gross Profit for the three months ended in Mar. 2026 was ₹5,004 Mil. Himadri Speciality Chemical's Revenue for the three months ended in Mar. 2026 was ₹12,878 Mil. Therefore, Himadri Speciality Chemical's Gross Margin % for the quarter that ended in Mar. 2026 was 38.86%.


The historical rank and industry rank for Himadri Speciality Chemical's Gross Margin % or its related term are showing as below:

NSE:HSCL' s Gross Margin % Range Over the Past 10 Years
Min: 19.2   Med: 31.48   Max: 37.78
Current: 37.78


During the past 13 years, the highest Gross Margin % of Himadri Speciality Chemical was 37.78%. The lowest was 19.20%. And the median was 31.48%.

NSE:HSCL's Gross Margin % is ranked better than
79.69% of 1561 companies
in the Chemicals industry
Industry Median: 23.35 vs NSE:HSCL: 37.78

Himadri Speciality Chemical had a gross margin of 38.86% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Himadri Speciality Chemical was 10.50% per year.


Himadri Speciality Chemical  (NSE:HSCL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Himadri Speciality Chemical had a gross margin of 38.86% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Himadri Speciality Chemical Gross Margin % Related Terms


Himadri Speciality Chemical Gross Margin % Historical Data

* Premium members only.

The historical data trend for Himadri Speciality Chemical's Gross Margin % can be seen below:

* 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 Gross Margin % Chart

Himadri Speciality Chemical Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.20 21.84 27.37 31.38 37.43

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
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.38 36.56 38.20 37.39 38.86

NSE:HSCL vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Himadri Speciality Chemical's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Himadri Speciality Chemical's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Himadri Speciality Chemical's Gross Margin % falls into.


NSE:HSCL
77GF Score
Himadri Speciality Chemical Ltd NSE:HSCL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Himadri Speciality Chemical Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Himadri Speciality Chemical's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=17432.2 / 46576.641
=(Revenue - Cost of Goods Sold) / Revenue
=(46576.641 - 29144.423) / 46576.641
=37.43 %

Himadri Speciality Chemical's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=5003.7 / 12877.6
=(Revenue - Cost of Goods Sold) / Revenue
=(12877.6 - 7873.9) / 12877.6
=38.86 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 38.86% mean?
Himadri Speciality Chemical (NSE:HSCL) has a Gross Margin % of 38.86% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Himadri Speciality Chemical and its competitors. This is 23% above median its historical median of 31.48. Over the past decade, Himadri Speciality Chemical's Gross Margin % has ranged from 19.20 to 37.78. According to the industry distribution chart, Himadri Speciality Chemical ranks #317 out of 1561 companies in the Chemicals industry, placing it in the top 20.3%.
Is Himadri Speciality Chemical's Gross Margin % too high?
Himadri Speciality Chemical's current Gross Margin % of 38.86% is 23% above median its 10-year median of 31.48. Over the past 10 years, this metric has ranged from a low of 19.20 to a high of 37.78. The Chemicals industry median Gross Margin % is 23.35. Himadri Speciality Chemical's value of 38.86% is 66.4% above this industry median. Based on the distribution chart, Himadri Speciality Chemical ranks #317 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Himadri Speciality Chemical has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himadri Speciality Chemical's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Himadri Speciality Chemical ranks #317 out of 1561 companies for Gross Margin %. This places Himadri Speciality Chemical in the top 20% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.35. Himadri Speciality Chemical's value of 38.86% is 66.4% above this benchmark. Historically, Himadri Speciality Chemical's own Gross Margin % has ranged from 19.20 to 37.78 over the past decade. While the company's 10-year median is 31.48 vs. the industry median of 23.35, Himadri Speciality Chemical has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.35, based on 1,561 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Himadri Speciality Chemical's current Gross Margin % of 38.86% is 66.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Himadri Speciality Chemical and its competitors. For the Chemicals industry, the median Gross Margin % is 23.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Himadri Speciality Chemical's current Gross Margin % is 38.86%, which is 23% above median its own 10-year median of 31.48. 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 ₹488.72, compared to a current price of ₹678.10 — trading 38.8% above its estimated fair value. The current Gross Margin % is 38.86%, which is 23% above median its 10-year median of 31.48 and 66.4% above the Chemicals industry median of 23.35. Himadri Speciality Chemical's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Himadri Speciality Chemical (NSE:HSCL), the current Gross Margin % is 38.86% 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 ₹488.72. GuruFocus considers Himadri Speciality Chemical to be Significantly Overvalued.

Key valuation signals for NSE:HSCL:

  • Gross Margin %: 38.86% (23% above median its 10-year median of 31.48)
  • GF Value™: ₹488.72 vs. price of ₹678.10 (38.8% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 66.4% above the Chemicals median (#317 of 1561)

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

Other Exchanges 500184:India
Address India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001
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.
77GF Score

Get the complete analysis for NSE:HSCL

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

₹678.10
Price
₹488.72
GF Value