Himadri Speciality Stock Surges to 52-Week Peak as Profits Leap Amid Rs 240 Crore Mega Capex Plans

Himadri Speciality Stock Surges to 52-Week Peak as Profits Leap Amid Rs 240 Crore Mega Capex Plans​

Himadri Speciality Chemical shares reached a 52-week high on Monday, climbing by up to 6.11% before paring gains. The stock traded at ₹771.25 at the time of writing, with investors reacting strongly to the company's strong Q1 results and ambitious future investments.

The rally was fueled by the announcement of a significant capital expenditure plan amounting to approximately Rs 240 crore across two major speciality materials projects. This move signals Himadri’s commitment to expanding into high-growth, advanced material markets.

Stellar Quarterly Results Drive Stock Ascent​

Himadri reported robust financial performance for the quarter ending June 2026. The consolidated net profit saw a substantial year-on-year increase of 27%, reaching ₹228 crore. This impressive growth was attributed to an improved product mix and successful ramp-up in its speciality materials segment.

The company also reported that revenue from operations rose 28% YoY, growing to ₹1,432 crore from ₹1,118 crore the previous year. EBITDA increased by 33%, hitting ₹313 crore compared to ₹235 crore in Q1 FY26. With an EBITDA margin of 22% and a profit-after-tax margin of 16%, all key metrics achieved their highest-ever quarterly levels.

Anurag Choudhary, chairman, managing director and chief executive officer of Himadri Speciality Chemical, stated that the performance reflects improved product mix across the core business despite the geopolitical backdrop. He attributed success to the continuous ramp-up in speciality materials production.

Strategic Investment Focuses on Advanced Materials​

Beyond sharing positive results, Himadri unveiled a strategic capex plan totaling Rs 240 crore focused entirely on advanced material development. This investment underscores the company’s aggressive stance in scaling up niche, high-value products.

One key project involves setting up a 200-metric-tonne-per-annum carbon nanotube manufacturing facility, which is slated for commissioning in Q4 FY27. This capacity build-up is backed by indigenous technology successfully developed through the company’s in-house R&D efforts.

The newly planned facility holds significance as it aims to position Himadri among a select group of global manufacturers in the carbon nanotube segment. Carbon nanotubes have vital applications spanning lithium-ion batteries, electronics, aerospace, and coatings.

Super Speciality Carbon Black Conversion Project​

The remaining part of the investment focuses on converting existing capacity into higher-value products. Around Rs 170 crore is allocated to transform 6,000 MTPA of current carbon black capacity. This conversion project has a target commissioning date in Q4 FY28.

This strategic shift will allow Himadri to produce super speciality carbon black. The advanced material will serve demanding industries, including batteries, engineered plastics, fabrics, coatings and conductive materials.