Durability score
75/100
Valuation score
26/100
Momentum score
78.3/100
Market Capitalizati...
7550.2
AVG Broker Target
241.5
PE TTM Price to Ear...
49.8
180.45
3.77%
Lithium Ion battery industry to drive growth for Himadri Chemicals: Axis Direct click to expand

The lithium ion battery space is heating up worldwide as the race to build the next generation of electric vehicles, which rely on these batteries, heats up. Suppliers to this space - in copper and copper components, as well as carbon components - are set to see growth, as the industry builds more mature, accessible products.

Himadri Chemicals has been gaining traction among analysts over recent moves to supply the lithium ion battery industry. HSCL - currently a market leader in the coal tar pitch space with a 70% market share - has focused typically on specialty chemicals that are used in the electronics, paints and construction space. 

HSCL has now turned to the Advanced Carbon Material space. This area, according to analysts is growing rapidly - the material is now being used for nodes in lithium ion batteries. Lithium ion batteries are the key energy source for mobile phones, laptops and other battery electronic devices. They are also seeing a new boom thanks to the electric vehicle segment, where lithium battery cars are the focus of innovation and investment. The take on HSCL is that the company is set to see a significant uptake for its new product. The company has received approvals for production, and is now planning to increase the production capacity of advance carbon material from 600 tpa to 3,000 tpa by FY19. 

Himadri Chemicals an.. has an average target of 241.50 from 4 brokers.
180.45
3.77%
buy
Buy: HSCL
ICICI Securities Limited
Himadri Speciality Chemical (HSCL) is an integrated manufacturer of speciality carbon chemicals with coal tar distillation capacity of 4 lakh tonne annually. HSCL is the industry leader in manufacturing coal tar pitch (CTP, market share of ~70%) that finds application in aluminium production. It is the third largest manufacturer of carbon black domestically that is used as a reinforcement material in tyre production. On the innovation side, HSCL through a decade long indigenous research has also developed advance carbon material with intended use in...
Number of FIIs/FPIs holding stock rose by 14 to 56 in Dec 2017 qtr.
180.45
3.77%
buy
Buy: HSCL
Axis Direct
CTP market leader, vying to take the leadership to the complete carbon chain, Foray into Speciality product to add value, Single process chains, multiple products, diversified revenue source, Entry barriers in form of technology and experience
Himadri Chemicals and Industries Limited has gained 319.54% in the last 1 Year
180.45
3.77%
Business Standard
HSCL employees alleged that in case HSCL's corporate office is transferred to Delhi, the firm will be vulnerable to closure
Number of FIIs/FPIs holding stock rose by 14 to 56 in Dec 2017 qtr.
180.45
3.77%
Steel ministry to transfer stake in HSCL to housing ministry
Steel ministry to transfer stake in HSCL to housing ministry
livemint
Consequent upon taking over of HSCL by NBCC, the steel ministry would transfer its 49% HSCL shareholding to ministry of housing and urban affairs (MoHUA), NBCC said in a statement
default
Himadri Chemicals and Industries Limited is trading above it's 200 day SMA of 111.93
180.45
3.77%
Prabhudas Lilladhar
We met Himadri Speciality Chemical's (HSC) management to get an update on company'sgrowthprospects.HSCisafullyintegratedspecialitycarboncompany and manufactures coal tar pitch (CTP), carbon black and naphthalene. The companyhas70%domesticmarketshareinCTPand17%shareincarbonblack. Strong momentum in core business along with limited capex will help HSC to deleverage its balance sheet further and open up growth opportunities. Also, their decade old effort on advanced carbon material is set to take off going...
Himadri Chemicals and Industries Limited has gained 109.52% in the last 6 Months
180.45
3.77%
IDBI Capital
Himadri is India's leading producer of coal tar pitch (70% market share) and carbon black (17% market share). It also produces small quantities of advanced carbon materials. Management expects its volume growth to be in line with aluminium production growth in India, which is expected to increase to 4.0 mn tonnes from 2.8 mn tonnes during FY17-FY19....
Himadri Chemicals and Industries Limited is trading above it's 200 day SMA of 111.93
180.45
3.77%
Business Line
Himadri Chemicals and Industries Ltd has informed the NSE that the company had redeemed foreign currency convertible bonds issued to International Finance Corporation on April 4. Himadri Chemical...
Himadri Chemicals and Industries Limited has gained 109.52% in the last 6 Months
180.45
3.77%
Business Line
Himadri Chemicals & Industries Ltd has sought shareholders' approval for conversion of 12,300 deep discount debentures into equity shares of the company. In a filing to the stock exchanges, th...
180.45
3.77%
Business Standard
Replacement of faulty airbags will be carried out free of cost at HCIL dealerships across India
Himadri Chemicals and Industries Limited is trading above it's 200 day SMA of 111.93
  • ICICI Securities Limited released a Buy report for Himadri Chemicals and Industries Limited with a price target of 245.0 on 12 Jan, 2018.
  • Month Change by 22.58% (Crossed threshold 20%) on 11 January, 2018
  • Day volume (1465050) was 598% of the Month Average Volume (244958.0) on 02 January, 2018
  • Stock Price (168.65) crossed above 30 Day SMA (159.69) on 02 January, 2018
  • Stock Price (168.65) crossed above 50 Day SMA (161.97) on 02 January, 2018
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Sept. 13, 20170.10--
Sept. 15, 20160.05--
Sept. 12, 20140.10--
Sept. 13, 20130.10--
Sept. 10, 20120.10--
All dividends by HSCL
Ex-Date Dividend Old FVNew FV Record Date
Nov. 8, 2010101Nov. 9, 2010
All splits by HSCL