chemicals

Himadri Speciality Chemical

HSCL · Nifty 50

701.1

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positionchemicals sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score65/100 (ADEQUATE). 2 positive flags, 3 concerns.
Historical Context36 similar technical setups. Average outcome: -11.0% decline. 0% positive.

Fundamental

65/100

ADEQUATE

Trust

95/100

Verification

Coverage

44/100

LIMITED

Quick Take

Himadri Speciality Chemical scores 65/100 on fundamentals (adequate). Himadri Speciality Chemical: BROAD EXPANSION regime.

Fundamental Score: 65/100 · ADEQUATE · 2 signals detected

DuPont Analysis

ROE 15.5% broken into three drivers. Each shows how efficiently the company generates returns.

ROE15.5%=
15.5%Net Margin
×
0.8xTurnover
×
1.3xLeverage

ROE of 15.52% is moderate margin-driven and stable. Net margin of 15.5% × asset turnover of 0.75x × leverage of 1.3x.

What This Means

Net margin of 15.5% means the company keeps ₹15.5 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.75x means the company efficiently uses its assets to generate revenue. Leverage of 1.3x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

36.9%

Operating

22.2%

Net

15.5%

declining

Gross margin 36.9% → operating margin 22.2% → net margin 15.5%. Margins are DECLINING. Check if input costs are rising or competition is pressuring pricing.

Financial Health

Earnings Quality

WEAK

Cash flow only covers 0.5x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.

Debt Sustainability

COMFORTABLE

Interest covered 17.9x — very comfortable. Debt service is not a concern. Debt/EBITDA at 0.7x is low — balance sheet has capacity.

Free Cash Flow

MODERATE

FCF margin negative at -1.4% — spending more than earning. Check capex cycle.

Peer Comparison

Himadri Speciality Chemical is compared against 10 peers in the chemicals sector.

Key Watchpoints

🟢

Breaks above ₹736 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹666 (-5%)

Further downside risk

🟢

Chemicals sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (145.7%) than equity (26.5%)
⚠️ Low Earnings Quality: Cash flow only 0.5x earnings — weak cash conversion

Risk Flags

🔴 1 Critical⚠️ 2 Warning2 Positive5 total flags
🔴Cash covers only 13% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️99% of debt is short-term
Balance Sheet

High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.

⚠️Working capital changes are 97% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

Assets relatively new (28% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

High promoter holding: 60%
Governance

Strong insider alignment. Promoters have significant skin in the game.

⚠️ 1 critical + 2 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
Our margin analysis (declining) matches news reports of cost/margin pressure

50 articles scanned for fundamental themes

Facts

P/E Ratio
45.2UNAVAILABLE
P/B Ratio
7.3HIGH
Market Cap
₹3433405.5L CrHIGH
From 52W High
99% of high
Sector Peers
10