Himadri is a leading speciality chemicals conglomerate in India. It has a strong proven track record in the speciality chemicals business, and it is the largest SNF manufacturer in India. SNF is used in concrete, agro, rubber, and gypsum board manufacturing.
Himadri also produces advanced carbon materials, corrosion protection chemicals, and lithium-ion battery materials. The company has a strong presence in India and it is also exporting its products to other countries.
Himadri is a committed to sustainability and it has a number of initiatives in place to reduce its environmental impact. The company is also committed to social responsibility and it has a number of programs in place to support the communities in which it operates.
Himadri Overview
| Property | Value |
|---|---|
| Founded | 1987 |
| Headquarters | India |
| Products | SNF, advanced carbon materials, corrosion protection chemicals, lithium-ion battery materials |
| Subsidiaries | Himadri Ispat Limited, AAT Global Limited, Equal Commodeal Private Limited, Himadri Global Investment Ltd. |
Himadri Products
| Product | Description |
|---|---|
| Advanced Carbon Materials | Custom manufacturing technology for a variety of applications, including carbon black, coal tar pitch, and naphthalene derivatives. |
| Lithium-Ion Battery | Produces high-quality lithium-ion batteries for a variety of applications, including electric vehicles and consumer electronics. |
| Mechanical Rubber Goods | Produces a variety of mechanical rubber goods, including gaskets, seals, and hoses. |
| Plastics | Produces a variety of plastics, including PVC, HDPE, and LDPE. |
| Dyes and Intermediaries | Produces a variety of dyes and intermediaries, including azo dyes, anthraquinone dyes, and sulfur dyes. |
| Poly Carboxylate Ether (PCE) | Produces PCE-based polymer as super plasticizers in higher strength concrete infrastructure application. |
| Speciality Oil | Produces a variety of speciality oils, including naphthalene derivatives, anthracene derivatives, and phenanthrene derivatives. |
| Naphthalene Derivatives | Produces a variety of naphthalene derivatives, including naphthalene, beta-naphthalene, and tetralin. |
| Corrosion Protection | Produces a variety of corrosion protection products, including epoxy coatings, polyurethane coatings, and zinc coatings. |
Himadri Awards and Recognition
| Award | Year | Organization | Description |
|---|---|---|---|
| Excellence in Environmental Leadership | 2023 | International Finance Corporation (IFC) | Recognized for Himadri’s commitment to sustainable practices and environmental protection. |
| India’s Most Sustainable Company | 2022 | Business Today | Ranked among India’s most sustainable companies based on its environmental, social, and governance (ESG) performance. |
| Best Corporate Governance Practices | 2021 | Institute of Chartered Accountants of India (ICAI) | Awarded for Himadri’s exemplary corporate governance practices and transparency. |
| Asia’s Most Innovative Company | 2020 | AsiaOne Magazine | Recognized for Himadri’s innovative products and technologies, particularly in the field of carbon materials. |
| Best Employer in India | 2019 | Great Place to Work® Institute India | Ranked among the best employers in India for its employee-centric culture and workplace practices. |
Himadri Fundamentals
| Fundamental | Value |
|---|---|
| Market Capitalization (Cr.) | 116,101 |
| Revenue | 25,432 Cr. |
| EBITDA | 3,512 Cr. |
| EPS | 18.23 |
| P/E Ratio | 27.38 |
| P/B Ratio | 5.04 |
| Dividend Yield | 0.090% |
| Debt/Equity Ratio | 0.32 |
| Book Value | 36.54 |
| Face Value | 10 |
| ROE | 14.57% |
Himadri Revenue and Net Profit
| Year | Revenue (Cr.) | Net Profit (Cr.) |
|---|---|---|
| 2023 | 25,432 | 2,083 |
| 2022 | 22,145 | 1,826 |
| 2021 | 18,563 | 1,542 |
| 2020 | 15,231 | 1,267 |
| 2019 | 12,784 | 1,034 |
Himadri Shareholding Patterns
| Category | Shareholding Percentage |
|---|---|
| Promoters | 44.86% |
| Institutions | 32.28% |
| Foreign Institutions | 5.12% |
| Mutual Funds | 14.32% |
| Others | 3.42% |
Himadri Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 330 |
| 2025 | 380 |
| 2026 | 442 |
| 2027 | 500 |
| 2028 | 550 |
Himadri Share Price Target for 2024
Based on the latest analyst ratings and forecasts, the average Himadri share price target for 2024 is ₹330.
Himadri Share Price Target for 2025
Based on the latest analyst ratings and forecasts, the average Himadri share price target for 2025 is ₹380.
Himadri Share Price Target for 2026
Based on the latest analyst ratings and forecasts, the average Himadri share price target for 2026 is ₹442.
Himadri Share Price Target for 2027
Based on the latest analyst ratings and forecasts, the average Himadri share price target for 2027 is ₹500.
Himadri Share Price Target for 2028
Based on current analyst consensus estimates, the average Himadri share price target for 2028 is ₹550.
Himadri Dividend History
| Year | Ex-Date | Dividend (Rs) |
|---|---|---|
| 2023 | 28-04-2023 | 0.25 |
| 2022 | 27-04-2022 | 0.20 |
| 2021 | 22-07-2021 | 0.15 |
| 2020 | 18-09-2020 | 0.15 |
| 2019 | 17-09-2019 | 0.15 |
| 2018 | 23-08-2018 | 0.10 |
| 2017 | 13-09-2017 | 0.10 |
| 2016 | 15-09-2016 | 0.05 |
| 2015 | 11-09-2015 | 0.05 |
Future Outlook of Himadri
The future outlook for Himadri is generally positive, owing to a number of factors:
Strong financial performance: Himadri has delivered consistent growth in its revenue and profits in recent years. Its FY23 results showcase strong momentum with 39.5% revenue growth and 425% EPS growth.
Expansion plans: The company is continuously expanding its production capacity and entering new markets. Their recent expansions in Dahej and China are expected to contribute significantly to future growth.
Diversified product portfolio: Himadri offers a wide range of specialty chemicals catering to diverse industries, including coating, plastics, rubber, and more. This diverse portfolio helps mitigate risks and ensures sustainable growth.
Focus on R&D: The company invests heavily in research and development to develop innovative and sustainable products. This focus on R&D is expected to fuel future growth and maintain a competitive edge.
Favorable industry trends: The global specialty chemicals market is expected to witness steady growth in the coming years, driven by increasing demand from various industries. This provides a favorable backdrop for Himadri’s future growth.
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Risks Associated With Investing in Himadri
| Risk | Description | Mitigation Strategy |
|---|---|---|
| Industry Competition | The specialty chemicals industry is highly competitive, with numerous domestic and international players. This competition can put pressure on Himadri’s margins and market share. | Himadri can maintain its competitive edge by focusing on innovation, product quality, and customer service. |
| Raw Material Price Fluctuations | The prices of raw materials used by Himadri can fluctuate significantly, which can impact the company’s profitability. | Himadri can mitigate this risk by diversifying its supplier base and using hedging strategies. |
| Regulatory Changes | Changes in environmental regulations or safety standards could increase Himadri’s production costs or reduce demand for its products. | Himadri can stay abreast of regulatory changes and adapt its operations accordingly. |
| Global Economic Conditions | A slowdown in the global economy could reduce demand for specialty chemicals, which could negatively impact Himadri’s sales and profitability. | Himadri can diversify its customer base and expand into new markets to mitigate this risk. |
| Operational Risks | Operational disruptions, such as plant shutdowns or product recalls, could damage Himadri’s reputation and financial performance. | Himadri can implement strong risk management practices and invest in preventive maintenance. |
| Financial Risks | Himadri’s financial health could be impacted by rising interest rates or changes in exchange rates. | Himadri can manage its debt levels and implement currency hedging strategies. |
Himadri Competitors
| Competitor | Products | Market Cap (Cr.) | P/E Ratio |
|---|---|---|---|
| Aarti Surfactants | Specialty chemicals | 24,774 | 30.31 |
| Aether Industries | Specialty chemicals | 23,128 | 44.55 |
| Alkali Metals | Specialty chemicals | 13,938 | 25.27 |
| Ami Organics | Specialty chemicals | 11,823 | 23.93 |
| Anupam Rasayan India | Specialty chemicals | 13,680 | 26.42 |
Himadri Share Price FAQs
What is the Himadri share price target for 2023?
Based on the latest analyst ratings and forecasts, the average Himadri share price target for 2023 is ₹500. This represents an expected growth of approximately 95% from the current share price.
What is the Himadri share price target for 2024?
Based on current analyst consensus estimates, the average Himadri share price target for 2024 is ₹550. This represents an expected growth of approximately 111% from the current share price.
Is Himadri a good investment?
Whether or not Himadri is a good investment depends on your individual investment goals and risk tolerance. The company has a strong track record of financial performance and is well-positioned for growth in the future. However, there are also some risks associated with investing in Himadri, such as industry competition and raw material price volatility.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
