Himadri Speciality Chemical's stock has seen remarkable growth, surging by 312% from ₹87.30 in March 2023 to ₹360 per share presently.
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Over the past four years, the stock has delivered an impressive return of 1120%, and over the last decade, it has soared by over 1630%.
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After a period of subdued performance from 2018 to 2021, the stock rebounded strongly in the subsequent years, recording multibagger gains.
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In CY23, the stock saw a gain of 207%, and in the current year, it has surged nearly 29%, reaching an all-time high of ₹398.75.
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Himadri Speciality Chemical is a global conglomerate focusing on research, innovation, and sustainability in specialty chemical production.
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Its product range includes specialty carbon black, coal tar pitch, advanced materials, and lithium iron phosphate cathode active material, catering to various industries.
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The company operates in both domestic and international markets, exporting to 49 countries worldwide.
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Himadri announced India's first commercial plant for lithium iron phosphate cathode active material, targeting the growing demand for lithium-ion batteries in electric vehicles.
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Over the next 5–6 years, it plans to ramp up production to 200,000 MTPA, serving 100 GWh of li-ion battery demand, aligning with India's carbon reduction goals.
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The company's robust financial performance, marked by consistent growth in net profit and revenue, is anticipated to continue, with the announcement of its financial results for FY24 imminent.