Himadri Speciality Share Price Hit Record High, Rally 51% in 2 Months: What's Driving the Stock?

Himadri Speciality Chemical shareprice (NSE: HSCL) climbed nearly 4% during Wednesday's trade to hit a new all-time high of ₹707.75 on the BSE. The stock surpassed its previous record of ₹697.95 touched on June 5, 2026.

The rally has been impressive, with the stock gaining around 51% over the last 2 months despite weakness in the broader market.

Himadri Speciality FY26 Performance Boosts Investor Confidence

The company's strong financial performance has been a key driver behind the recent rally.

For FY26, Himadri reported its highest-ever annual earnings, with:

• EBITDA crossing ₹1,006 crore
• Profit After Tax (PAT) reaching ₹755 crore 

The company said stable sales volumes and improved profit margins helped drive the record performance.

Himadri SpecialityQ4 Earnings Remain Strong

The momentum continued in the March quarter (Q4FY26).

The strong quarterly numbers further strengthened investor sentiment toward the stock.

Company Targets Profit Growth by FY28

After reporting a PAT of about ₹555 crore in FY25 and ₹755 crore in FY26, the company is aiming to nearly double its profit by FY28.

Management expects growth to come from:

• Better product mix
• Higher operating efficiency
• Expansion into high-value specialty products
• Growth in new-age businesses 

Focus on EVs, Battery Materials and Advanced Products

Himadri believes its future growth will be supported by emerging sectors such as:

• Electric mobility
• Battery materials
• Advanced carbon products
• Circular economy solutions 

The company operates one of the world's largest integrated coal-chemical complexes and supplies products used in aluminium, graphite, lithium-ion batteries, specialty carbon applications, and energy systems.

Expansion Plans and Global Growth Strategy

The company has outlined ambitious medium-term goals, including:

• Becoming one of the top three global Coal Tar Pitch suppliers outside China
• Doubling revenues over the coming years
• Increasing export contribution from 20% to 50%
• Commercialising advanced specialty chemicals such as carbazole, anthracene, and anthraquinone 

Management also plans to launch around 400 new product variants and expand its presence across international markets.

Management Outlook Remains Positive

According to the company, capacity utilisation will gradually improve over the next 12 to 24 months. This growth is expected to be supported by new product launches and increasing demand from sectors such as agriculture, mining, commercial vehicles, EVs, and advanced materials.

The company also expects to maintain a Return on Capital Employed (RoCE) of above 30% over the medium term despite ongoing expansion initiatives.

Read More: Bharat Forge Announces ₹6.50 Final Dividend; Record Date Fixed for July 3!

Conclusion

Himadri Speciality Chemical's record-high stock price reflects investor confidence in its strong earnings growth, expanding margins, and long-term opportunities in EVs, battery materials, specialty chemicals, and exports. 

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