Himadri Speciality Chemical Limited has informed the Exchange about Investor Presentation
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Himadri Speciality Chemical shared its Q1 FY26 investor presentation highlighting a strong profitability story despite lower revenue. Q1 FY26 PAT jumped 48% YoY to Rs. 183 Cr and EBITDA rose 25% to Rs. 234 Cr, even as revenue declined 8% to Rs. 1,100 Cr due to raw material price corrections. Sales volumes were stable at 1,40,090 MT, with ROCE at 32% and net debt of just Rs. 107 Cr, reflecting strong balance sheet health. The company outlined a 2026-2028 roadmap involving Rs. 1,450 Cr capex for speciality carbon black expansion, Birla Tyres turnaround, anthraquinene/carbazole plant, and its first commercial LFP cathode active material plant ex-China. Strategic stakes have been taken in Sicona Battery Technologies (~15%), Invati Creations (40%), and IBC USA (16.24%), positioning Himadri as a key player in the lithium-ion battery value chain.
The sharp PAT growth on the back of a shift to high-value speciality products signals improving margins and earnings quality, which is positive for shareholders. The large capex pipeline and battery material foray offer long-term growth optionality, though execution and capex absorption remain key things to watch in coming quarters.