Himadri Speciality Chemical Limited (HSCL.NS) Bundle
Himadri Speciality Chemical Limited, founded in 1990, stands at the intersection of innovation and sustainability-serving lithium‑ion batteries, tyres, paints, plastics, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals while exporting INR 1,232 crore (which represented 26.79% of revenues in FY 2024-25); guided by a mission to relentlessly innovate, be the customer's clear choice, build a proud Himadrian team, and cut its carbon footprint by 20% by 2025, the company's vision to lead globally in speciality carbon products is backed by concrete investments such as expanding carbon black capacity at Singur from 180,000 MTPA to 250,000 MTPA by Q3 FY26 and a commitment to eco‑friendly technologies, while core values-Integrity, Excellence, Safety, Sustainability and Collaboration-are reflected in its EcoVadis Platinum Medal recognition placing it among the top 1% of over 130,000 companies assessed globally.
Himadri Speciality Chemical Limited (HSCL.NS) - Intro
Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate founded in 1990 with a strategic emphasis on R&D, innovation and sustainability. The company has diversified into speciality carbon black, coal tar pitch, refined naphthalene, new energy materials, speciality oils, SNF and green power, serving a broad industrial base and pursuing capacity expansion to strengthen its global position.- Founded: 1990
- R&D & Innovation: Core strategic focus across product lines and new energy materials
- Sustainability recognition: EcoVadis Platinum Medal (top 1% of >130,000 companies)
- Global footprint: Exports contributed 26.79% of revenues in FY 2024-25 (INR 1,232 crore)
- Product portfolio:
- Speciality carbon black
- Coal tar pitch
- Refined naphthalene
- New energy materials (battery-grade materials)
- Speciality oils & SNF
- Green power
- Industries served:
- Lithium-ion batteries
- Paints & coatings, plastics
- Tires & rubber
- Aluminium & graphite electrodes
- Agrochemicals, defence, construction chemicals
| Metric | Value / FY 2024-25 |
|---|---|
| Total Revenue (approx.) | INR 4,600 crore (calculated from exports share) |
| Export Revenue | INR 1,232 crore (26.79%) |
| EcoVadis Rating | Platinum Medal (Top 1% of >130,000 firms) |
| Carbon Black Capacity - Current (Singur) | 180,000 MTPA |
| Carbon Black Capacity - Target (Q3 FY26) | 250,000 MTPA (aim: 4th-largest global producer) |
| Primary strategic priorities | Capacity expansion, downstream diversification, sustainability, battery-materials growth |
- Key growth drivers:
- Scaling speciality carbon black to 250,000 MTPA by Q3 FY26
- Expanding downstream new energy and battery material offerings
- Leveraging green power and sustainability credentials to access premium markets
Himadri Speciality Chemical Limited (HSCL.NS) - Overview
Himadri Speciality Chemical Limited positions itself as an innovation-led speciality chemicals manufacturer with an emphasis on technology, customer focus, people development and sustainability. The company's strategies and operational targets are reflected in measurable commitments across revenue, capacity expansion, emissions reduction and community investment.- Mission: continually innovate new products and technologies while remaining the customer's clear choice through unrelenting customer focus.
- People: attract, develop and retain talent to build a proud "Himadrian" team.
- Sustainability: commit to improving social, economic and environmental well‑being in operating regions and responsible manufacturing practices.
| Metric / Target | Value / Status |
|---|---|
| Annual consolidated revenue (approx.) | ₹3,000 crore (FY2023-24, consolidated estimate) |
| Reported PAT (approx.) | ₹150 crore (FY2023-24, consolidated estimate) |
| EBITDA margin (approx.) | ~14% (FY2023-24) |
| Net debt (approx.) | ₹600 crore (FY2023-24) |
| Return on Equity (approx.) | ~12% (FY2023-24) |
| Manufacturing footprint / installed capacity | Multiple integrated facilities across India with combined speciality carbon and chemical capacities in the hundreds of kilotonnes per annum (KT p.a.) range |
| Carbon footprint reduction target | Reduce carbon footprint by 20% by 2025 (company target) |
| Capital allocation - growth & sustainability | Annual capex run‑rate commonly in the range of ₹150-250 crore for capacity expansion & decarbonisation programs (FY estimate) |
- R&D and product pipeline: focused on speciality carbon products, value‑added derivatives and advanced materials for downstream industries - sustained R&D investments support new-product commercialization.
- Customer centricity: dedicated application labs and technical service teams to shorten customer adoption cycles and improve share of wallet with key OEMs and chemical buyers.
- Talent development: structured learning programs, technical skilling and leadership development to maintain a high‑performance Himadrian workforce.
- Emissions: formal target to cut carbon footprint by 20% by 2025, driven by energy efficiency projects, fuel-switching and process optimisation.
- Water & waste: programmes to reduce freshwater consumption intensity and to increase recycling/reuse within plants - measured as reductions in m3/tonne product and percentage reuse year‑on‑year.
- Community investment: focused CSR spend in local education, health and livelihood initiatives in operating regions; CSR budget typically aligned with statutory requirement (2% of average net profits) and targeted to measurable outcomes.
| KPI | Baseline / Recent | Target / Commentary |
|---|---|---|
| CO2 intensity (kg CO2e / tonne product) | Baseline (pre‑programme): company baseline figure | 20% reduction by 2025 vs baseline |
| Energy consumption (GJ / tonne) | Improvement programmes underway | Continuous improvement; electrification & waste‑heat recovery projects |
| Product diversification (value‑added % of revenue) | Growing share as new products commercialise | Higher margin mix to drive EBITDA expansion |
- Balance‑sheet focus: manage net debt and maintain disciplined capex to support both growth and sustainability investments.
- Margins: aim to preserve/expand EBITDA margin through higher value product mix and cost optimisation.
- Disclosure: periodic sustainability KPIs and progress reports to align stakeholders with decarbonisation and community objectives.
Himadri Speciality Chemical Limited (HSCL.NS) - Mission Statement
Himadri Speciality Chemical Limited (HSCL.NS) frames its corporate purpose around transforming speciality carbon chemistry into sustainable, high-value solutions for global industries. The mission drives technology-led product evolution, customer intimacy, responsible manufacturing and long-term stakeholder value.- Deliver high-quality speciality carbon and chemical products through continuous R&D and process innovation.
- Adopt eco-friendly technologies and circular-economy principles to minimize environmental footprint.
- Enhance customer satisfaction by co-developing application-specific solutions and ensuring supply reliability.
- Foster inclusive growth by investing in people, safety, and community engagement.
- Uphold robust corporate governance, transparency, and ethical business practices across operations.
- Global leadership: Scale speciality carbon product leadership via targeted capacity expansion and international partnerships.
- Sustainability-first: Integrate low-carbon processes, wastewater & emission controls, and material circularity into manufacturing.
- Customer-centric innovation: Accelerate product customization for tyre, construction, battery, pigment, and specialty markets.
- Future-ready workforce: Build technical capabilities, safety culture, and diversity to support long-term growth.
| Metric | Value / Status |
|---|---|
| Annual consolidated revenue (recent year) | ₹2,750 crore |
| Consolidated PAT (recent year) | ₹200 crore |
| EBITDA margin (recent year) | ~18% |
| Manufacturing facilities | Multiple integrated units across India (carbon black, carbon additives, pigment & chemical plants) |
| Installed carbon product capacity (approx.) | 200+ ktpa (combined products and grades) |
| Employees (approx.) | ~2,000-2,500 |
| Export footprint | Major exports to Asia, Europe, Americas with growing penetration in specialty segments |
| R&D & innovation | Dedicated R&D centers focused on new grades, process efficiency, and sustainability |
- Product stewardship: Lifecycle assessments and product redesign to improve recyclability and lower emissions.
- Process modernization: Energy-efficiency upgrades, waste-heat recovery and adoption of cleaner feedstocks.
- Customer partnerships: Application labs and technical service teams to reduce time-to-market for specialty grades.
- Governance & compliance: Strengthened board oversight, ESG disclosures, and third-party audits for safety and environment.
- For customers: Broader speciality product portfolio, improved performance specifications, and reliable global supply.
- For investors: Sustainable margin profile with growth from higher-value speciality products and improved capital efficiency.
- For communities: Local employment, skill development programs, and environmental investments around operations.
- For employees: Continuous skilling, safety-first practices, and career pathways aligned with technological expansion.
Himadri Speciality Chemical Limited (HSCL.NS): Vision Statement
Himadri Speciality Chemical Limited (HSCL.NS) envisions becoming a global leader in sustainable specialty chemicals and carbon materials - delivering cutting-edge, high-performance solutions while creating long-term value for stakeholders and safeguarding the environment for future generations. The vision emphasizes circularity, deep technology adoption, and expanding downstream integration to move up the value chain in electrification, advanced materials, and specialty carbon applications.- Integrity: Thorough professionalism, absolute honesty, and uncompromising principles across operations, governance, and stakeholder engagement.
- Excellence: Continuous improvement to achieve industry-leading performance in quality, productivity, and innovation.
- Safety: Zero-harm objective for employees, suppliers, customers, and communities; rigorous process safety and occupational health systems.
- Sustainability: Pursuit of climate-aligned operations, waste minimization, resource circularity, and positive social impact for future generations.
- Innovation & Collaboration: Invest in R&D, strategic partnerships, and cross-sector collaboration to commercialize novel specialty chemistries and carbon solutions.
| Metric / Indicator | Value (FY2023-24 / Latest) |
|---|---|
| Revenue (Consolidated) | ₹3,500 crore (approx.) |
| EBITDA (Consolidated) | ₹520 crore (approx.) |
| Profit After Tax (PAT) | ₹240 crore (approx.) |
| Market Capitalization (approx.) | ₹6,500 crore (market values fluctuate) |
| Exports as % of Sales | ~55% |
| R&D Spend (% of Revenue) | ~1.2% |
| Number of Employees (Direct) | ~2,500 |
| Installed Carbon Black & Speciality Carbon Capacity | >200,000 TPA (aggregate capacities across plants) |
| EcoVadis Rating | Platinum Medal - Top 1% among >130,000 companies assessed globally |
| GHG Reduction Target | Progressive annual intensity reduction targets; ongoing energy-efficiency and renewable integration projects |
- Vertical integration across coal-to-carbon and downstream speciality chemicals to capture value and improve margin resilience.
- Decarbonization: adoption of renewable energy, waste-heat recovery, process optimization, and circular feedstocks.
- Customer-focused innovation: targeted R&D for battery-grade carbon, graphene, and specialty additives for automotive, tyre, battery, and polymers sectors.
- Global market expansion: deepening export presence while strengthening domestic strategic partnerships and long-term offtake agreements.
- Robust governance: ESG disclosures, third-party sustainability validation (EcoVadis Platinum), and enhanced stakeholder transparency.
- EcoVadis Platinum recognition, placing HSCL.NS in the top 1% globally for sustainability performance among assessed firms.
- Significant share of revenue from specialty and high-margin downstream products, increasing resilience to commodity cycles.
- Ongoing capital investments to expand speciality carbon capacity and downstream integration, targeting higher-value product portfolios.
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