Himadri Speciality Shares Surge 6%, Reach 52-Week High as Revenue Growth Focus Boosts April Gains

Himadri Speciality Chemical Hits 52-Week High, Extends Gains for Ninth Consecutive Session

On Monday, May 4, Himadri Speciality Chemical's stock price reached a 52-week high of ₹642.40 in intraday trade, setting the stage for further gains. The company's share price opened at ₹620.25, a significant increase from its previous close of ₹607.50, and jumped 6% to its 52-week high.

Himadri Speciality Chemical's recent financial performance has been impressive, with a 13.5% year-on-year (YoY) increase in consolidated revenue to ₹1,288 crore. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 21.15% YoY to ₹280 crore, with operating margin expanding to 21.74%. Net profit surged 33.5% YoY to ₹207.53 crore.

Financial Performance Comparison

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The company's stock has been on a remarkable run, gaining over 30% in three months and 24% year-to-date. In April, it jumped 38%, and on a longer timeframe of three to five years, the stock has jumped 412% and 1,227%, respectively. Over the last year, it has clocked a gain of 39%.

Ravi Singh, Chief Research Officer at Master Capital Services, highlighted the company's business model, which has reinvented itself over the past few years. "The company, once seen largely as a coal tar pitch and carbon black story, is now a layered play across speciality chemicals, advanced carbon materials, and EV battery components," he said.

The company's expansion at Mahistikry makes it the world's largest single-location speciality carbon black plant, scaling total carbon black capacity to 250,000 MTPA and placing it among the top global producers. The company's strong growth prospects across speciality chemicals and battery materials offer a meaningful appreciation opportunity over a long-term horizon.

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According to Singh, the current valuations appear to largely price in the recent developments. Himadri aims for significant revenue growth, with a net profit of ₹750 crore in FY26. The company plans to double its profit by FY28, focusing on high-value growth, diversification to drive business resilience, and significant sustainable growth in profitability.

As the company looks ahead, growth continues to be shaped by purposeful innovation, with R&D embedded at the core of its strategy, business model, and culture. This integrated approach is driving steady progress across its strategic pillars.