Himadri Speciality Chemicals has seen its share price tumble recently, but analysts think a comeback could be on the horizon thanks to big new growth plans.
Why the Stock Might Bounce Back
Over the past five years the share has jumped more than 800%, and 393% in three years. In the last twelve months it fell about 18%, leaving room for a rebound.
New Business Moves
The company, already the biggest Indian maker of coal‑tar derivatives and specialty carbon black, is moving into lithium‑ion battery materials and advanced chemicals. This shift could make Himadri a major supplier for global electric‑vehicle and energy‑storage chains.
- Coal‑tar pitch capacity: rising from 500,000 to 600,000 metric tonnes per year.
- Carbon‑black capacity: more than doubling to 130,000 tonnes annually, backed by a ₹220 crore investment.
Analyst Outlook and Price Targets
Market experts expect a sharp price rise. Some see the stock reaching around ₹630 by FY26.
- Rajesh Agarwal (AUM Capital) notes the company’s recent acquisition of Birla Tyres and entry into the fast‑growing EV and tyre replacement markets.
- Ambareesh Baliga projects FY27 earnings per share of ₹18 and targets a ₹630 share price.
- Jigar S. Patel (Anand Rathi) points to a strong support level near the 200‑day moving average. A close above ₹486 could spark a move toward ₹520; a break below could pull the price toward ₹435.
Recent Financial Performance
In FY25 the company posted its highest ever EBITDA of ₹844 crore and a profit after tax of ₹558 crore. The December‑quarter (Q3FY26) results are slated for release on January 16.
Key Takeaways
- Strong historic growth but recent dip creates a buying opportunity.
- Expansion into EV battery materials and a massive carbon‑black capacity boost are the main growth catalysts.
- Analysts are bullish, with several setting price targets near ₹630.
Remember, this is just an overview, not a guarantee of future performance. Do your own research or talk to a certified financial adviser before making any investment decisions.