Himadri Speciality Chemical (NSE:HSCL) Operating Income: ₹13,075 Mil (TTM As of Jun. 2026)

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NSE:HSCL Himadri Speciality Chemical Ltd NSE:HSCL
80 GF Score
Price ₹768.25
GF Value ₹505.14
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Himadri Speciality Chemical Operating Income?

Himadri Speciality Chemical NSE:HSCL -4.08% 80 Operating Income is ₹13,075 Mil as of Jun. 2026. GuruFocus rates NSE:HSCL with a GF Score™ of 80/100 and a GF Value™ of ₹505.14 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Himadri Speciality Chemical's Operating Income for the three months ended in Jun. 2026 was ₹2,918 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹13,075 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Himadri Speciality Chemical's Operating Income for the three months ended in Jun. 2026 was ₹2,918 Mil. Himadri Speciality Chemical's Revenue for the three months ended in Jun. 2026 was ₹14,319 Mil. Therefore, Himadri Speciality Chemical's Operating Margin % for the quarter that ended in Jun. 2026 was 20.38%.

Good Sign:

Himadri Speciality Chemical Ltd operating margin is expanding. Margin expansion is usually a good sign.

Himadri Speciality Chemical's 5-Year average Growth Rate for Operating Margin % was 39.90% per year.

Operating Income or EBIT 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 Jun. 2026 was 15.78%. Himadri Speciality Chemical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 30.80%.


Himadri Speciality Chemical  (NSE:HSCL) Operating Income Explanation

1. Operating Income or EBIT 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 Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=11672.4 * ( 1 - 23.99% )/( (56232.699 + 0)/ 1 )
=8872.19124/56232.699
=15.78 %

where

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 (Jun. 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 Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12916.8/( ( (22896.463 + max(19041.387, 0)) + (0 + max(0, 0)) )/ 1 )
=12916.8/( ( 41937.85 + 0 )/ 1 )
=12916.8/41937.85
=30.80 %

where Working Capital is:

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

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

Himadri Speciality Chemical's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=2918.1/14318.8
=20.38 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Himadri Speciality Chemical Operating Income Related Terms


Himadri Speciality Chemical Operating Income Historical Data

* Premium members only.

The historical data trend for Himadri Speciality Chemical's Operating Income 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 Operating Income Chart

Himadri Speciality Chemical Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,133.24 3,681.46 5,855.17 7,917.82 9,375.44

Himadri Speciality Chemical Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 2,206.10 2,103.20 3,718.90 4,335.20 2,918.10
NSE:HSCL
80GF Score
Himadri Speciality Chemical Ltd NSE:HSCL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Himadri Speciality Chemical Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹13,075 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹13,075 Mil mean?
Himadri Speciality Chemical (NSE:HSCL) has a Operating Income of ₹13,075 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Himadri Speciality Chemical and its competitors.
Is Himadri Speciality Chemical's Operating Income too high?
Himadri Speciality Chemical's current Operating Income is ₹13,075 Mil. Overall, Himadri Speciality Chemical has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himadri Speciality Chemical's Operating Income compare to LIN and SHW?
Himadri Speciality Chemical's Operating Income of ₹13,075 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 Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Himadri Speciality Chemical and its competitors. Himadri Speciality Chemical's current Operating Income is ₹13,075 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 ₹505.14, compared to a current price of ₹768.25 — trading 52.1% above its estimated fair value. The current Operating Income is ₹13,075 Mil. Himadri Speciality Chemical's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Himadri Speciality Chemical (NSE:HSCL), the current Operating Income is ₹13,075 Mil as of Jun. 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 ₹768.25 is trading 52.1% above its estimated GF Value™ of ₹505.14. GuruFocus considers Himadri Speciality Chemical to be Significantly Overvalued.

Key valuation signals for NSE:HSCL:

  • Operating Income: ₹13,075 Mil
  • GF Value™: ₹505.14 vs. price of ₹768.25 (52.1% above fair value)
  • GF Score™: 80/100 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

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.
80GF Score

Get the complete analysis for NSE:HSCL

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

₹768.25
Price
₹505.14
GF Value