Himadri Speciality Chemical Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹38,016 Cr
- Book Value
- ₹93.3
- Stock P/E
- 47.6
- Dividend Yield
- 0.11%
- ROE
- 17.8%
- ROCE
- 22.1%
- PEG Ratio
- 0.65
- EV/EBITDA
- 31.6
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Himadri Speciality Chemical share price today
Himadri Speciality Chemical (NSE: HIMADRI) is India’s coal-tar pitch leader — the unglamorous chemistry that aluminium smelters and graphite-electrode makers cannot run without — executing one of the more credible commodity-to-specialty pivots on the exchange: into battery anode and cathode materials, carbon black for tyres, and advanced carbon products. Five-year profit CAGR: 73.7%.
The market has noticed — 47.6× earnings — but the PEG of 0.65 says the growth, if it persists, is not fully priced. Our universe keeps it on watch: the base business funds the pivot, and the pivot carries genuine execution risk the flags note plainly.
From distillation to electrochemistry
Himadri’s edge is feedstock integration: coal-tar distillation scale feeds everything downstream, from pitch to specialty carbon black to the precursor chemistry for battery materials. The battery bet — anode materials domestically, LFP cathode ambitions — rides India’s cell-manufacturing buildout, where localisation mandates will favour domestic chemistry suppliers who moved early. If the capex lands on spec and on time, today’s specialty mix becomes tomorrow’s majority.
Watch-items: battery-materials capex execution (the flagged risk), aluminium-industry health (pitch demand), carbon black pricing against Chinese imports, and customer qualification cycles for battery chemistry — they are slow, binary and everything.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹38,016 Cr |
| P/E (TTM) | 47.6 |
| EV/EBITDA | 31.6 |
| Operating margin | 20.2% |
| ROE / ROCE | 17.8% / 22.1% |
| Debt to equity | 0.16 |
| Sales CAGR (5y) | 22.7% |
| Profit CAGR (5y) | 73.7% |
| Promoter holding | 52.5% |
| EPS (TTM) | ₹15.80 |
Himadri Speciality share price target 2026 to 2030
EPS base ₹15.80 (TTM). The 74% CAGR is recovery-flattered; scenarios normalise hard. Bear: battery capex disappoints, base business only — 8% growth, multiple at 26×. Base: specialty mix keeps enriching — 16% growth at 38×. Bull: battery materials scale commercially — 24% growth at 50×.
| Year | Bear (26×, +8%) | Base (38×, +16%) | Bull (50×, +24%) |
|---|---|---|---|
| 2026 | ₹444 | ₹696 | ₹980 |
| 2027 | ₹479 | ₹808 | ₹1,215 |
| 2028 | ₹517 | ₹937 | ₹1,505 |
| 2029 | ₹559 | ₹1,085 | ₹1,870 |
| 2030 | ₹604 | ₹1,260 | ₹2,315 |
From ₹752, the base case is ≈ +68% over four and a half years; the bear is −20%. The spread is wide because the pivot is binary-ish — which is exactly what the entry range below is for: paying watch-list prices for accumulate-list outcomes.
Reasons to own Himadri (at the right price)
- Feedstock-integrated chemistry — the coal-tar base funds and feeds the specialty pivot.
- Battery-materials localisation is policy-backed and supplier-scarce in India.
- PEG 0.65: even normalised growth is cheaply priced relative to the multiple.
- The base pitch/carbon-black business is an oligopoly with import protection.
- Promoter skin at 52.5% with negligible pledge.
The risks: battery-materials capex is the flagged make-or-break, chemistry qualification cycles can slip years, and a 48× multiple punishes any stumble in the specialty narrative.
Should you buy at the current price?
The live buy range below is for members — where the pivot’s risk is priced in your favour.
FAQ
What is the Himadri Speciality share price target for 2030? Base case ≈ ₹1,260 (38× on 16% compounded growth), bear ≈ ₹604, bull ≈ ₹2,315. Arithmetic above.
What does Himadri actually make? Coal-tar pitch (for aluminium smelting and graphite electrodes), specialty carbon black, naphthalene derivatives — and increasingly, anode/cathode materials for lithium-ion batteries.
Why is the PEG so low at a 48× P/E? Because trailing profit growth has been extreme (73.7% five-year CAGR). The question the scenarios answer is what happens when growth normalises — the base case still clears the market comfortably.
When are Himadri’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.