Himadri Speciality Chemical Ltd. · NSE:HSCL
Himadri Speciality Chemical — Q2 FY27 Earnings Presentation
60 slides from Himadri Speciality Chemical's earnings presentation, Oct 17, 2026
Slide 1: Exchange filing cover letter
Ref. No: HSCL / Stock-Ex/2026-27/75 Date: 17/10/2026 E-mail: monika@himadri.com Ref: Listing Code: 500184 Ref: Listing Code: HSCL BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, C-1, Block-G P. J. Towers, 25th Floor, Bandra Kurla Complex, Dalal Stree
Slide 2: Investor Presentation | Oct 2026
Investor Presentation | Oct 2026
Slide 3: Safe Harbor
Safe Habor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Himadri Speciality Chemical Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Starting with our journey of transformation
Starting with our journey of transformation Himadri operates at the intersection of materials science, energy transition, and high-performance applications. In a world undergoing a structural transformation, Himadri’s portfolio aligns across multiple emerging realities. The Company expects to compre
Slide 5: New Vision and Mission for our company
We have charted a New Vision and Mission for our company “The future will belong to the companies that can continuously reload themselves - execute, reinvest, and scale again” ANURAG CHOUDHARY CMD & CEO Vision Mission To build a pioneering institution that transforms dreams into reality To responsib
Slide 6: Quarterly Highlights
Quarterly Highlights
Slide 7: Q2 FY27 – Result highlights
Q2 FY27 – Result highlights Sales Volume (MT)* Revenue (Rs. in Cr) Moving to high value addition products 1,52,968 1,46,806 1,432 1,691 1,35,513 1,35,634 1,31,844 1,288 1,184 1,071 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 * Sales volume figures are reported on a standalo
Slide 8: Integrating capabilities to build a stronger tyre value chain
Integrating capabilities to build a stronger and more scalable tyre value chain KEY RATIONALE & BENEFITS Leverage Capabilities Leverage HSCL’s R&D, manufacturing and network to accelerate tyre business growth Strategic & financial flexibility Greater control on investment, funding, capacity expansio
Slide 9: Expanding presence - New energy platform, Advanced materials and Global markets
Expanding presence - New energy platform, Advanced materials and Global markets Investment Update Incorporation of WoS in Dubai, UAE Sicona Battery Technologies Pty Ltd ARDENT IMPEX FZCO Strengthening our presence in advanced battery materials with further Access to strategic global markets investme
Slide 10: Deepening customer relationships, accelerating product validation
Deepening customer relationships, accelerating product validation and advancing innovation-led growth Strategic Customer Engagement Product Validation Market Development Signed NDA with Indian & global customers for Approved ENERGEX grades for high-voltage Demonstrated products at American Coatings
Slide 11: Enhancing Climate Resilience through TCFD Report FY 2025-26
Enhancing Climate Resilience and Disclosure through TCFD Report FY 2025-26 The TCFD Report FY2025-26 marks a significant step forward in Himadri’s climate disclosure journey, with alignment to the IFRS S2 framework and reasonable assurance from TÜV SÜD. The Report assesses resilience across five cli
Slide 12: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation Himadri named winner of the Mr. Anurag Choudhary, CMD & Himadri honoured at the National Himadri honoured with the Golden Peacock Award for CEO, honoured with the Hurun Award of Excellence for Legend (Emerging) Award in Sustainability 2026 in the India Ne
Slide 13: Enabling tomorrow's energy and advanced materials ecosystem
Enabling tomorrow’s energy and advanced materials ecosystem OUR EVOLUTION OUR FUTURE IS COMPOUNDED WITH From Where We Started Where We Are Headed Global advanced materials & Coal tar processor application-driven solution Domestic focus Global opportunity CAPACITY GROWTH MARGIN POTENTIAL PROFIT ACCEL
Slide 14: Transforming to address the new world
Transforming to address the new world The world is rapidly transforming Driven by energy transition, technological innovation and evolving global demand Expanding a diversified Establishing a trusted Enhancing global portfolio of advanced global presence in leadership in high- speciality materials b
Slide 15: Strategic roadmap to grow and accelerate towards 2028
With a strategic roadmap to grow and accelerate towards 2028 FY26 FY27 FY28 o Growth : Core Business o Growth : Core Business o Growth : Core Business o Speciality Carbon Black Expansion full o Speciality Carbon Black -Full Year Shifting Gears Towards o Commercial production in Speciality year of op
Slide 16: Self funded investments; unlocking new opportunities
Self funded investments; unlocking new opportunities Super Speciality LFP Speciality Chemicals Carbon Nano Tube Carbon Black Capex Rs. 1,125 Cr Rs. 248 Cr Rs. 70 Cr Rs. 170 Cr Capacity 40,000 MTPA 5,300 MTPA 200 MTPA 6,000 MTPA Operational 2,000 MTPA Commencement Q4FY27 Q4FY27 Q4FY28 Q3FY27 Expansio
Slide 17: Scaling through R&D, integration, innovation & value addition
Scaling through R&D, integration, innovation & value addition Carbon Rich Integrated Processing Multiple Intermediate Feedstock Access & Recovery Streams Reinvestment Into New Evolving from carbon chemistry to global speciality Platforms solutions powerhouse Higher Realisations Application Led Downs
Slide 18: Investments structured to value driven offerings
Investments structured to value driven offerings Anode Material LFP Cathode Material Silicon Carbon Anode Scale Up Capacity Future Outlook New Energy 200 MTPA facility First Milestone Phase 1 Capacity of (Silicon Gen 4) Ramp up to Global leader in Material operational in capacity of 2,000 40,000 MTP
Slide 19: Building a strong investment proposition
Building a strong investment proposition World’s Largest Fully Capital allocation on Value Integrated Carbon accretion, Technology and Complex strong ROCE We are creating a resilient foundation for transformational growth, underpinned by Market Leader in High Strong Cash Generation financial strengt
Slide 20: Plants, Products, Partnerships
Plants Products Partnerships
Slide 21: World's largest fully integrated carbon complex
Fully operating world’s largest fully integrated carbon complex Vizag Sambalpur Falta SEZ Unit China Mahistikry Liluah I Liluah II Korba Ancillary Industrial Hooghly (W.B.) Liluah, Howrah (W.B.) Liluah, Howrah (W.B.) Korba (C.G.) Estate, Visakhapatnam Plant Falta Special Economic Longkou, Shandong,
Slide 22: R&D led innovative product portfolio driving growth
R&D led innovative product portfolio driving growth Diversified Products Basket Super Speciality High Purity Naphthalene Natural Anthraquinone Clean Power Speciality Carbon Black Naphthalene balls synthetic, Coal Tar Pitch Speciality Oils Agrochemical hybrid & silicon Solutions Anode Material Carbon
Slide 23: Unlocking value across industries
Unlocking value across industries Lithium – Ion Batteries EVs and ESS Infrastructure Renewable/Green Fuels Automotive & Aviation Semiconductors Renewable Energy Defence Materials Paints, Plastic & Fibre Aluminium Speciality Chemicals Tyre 22
Slide 24: Reliability and distinction are catalysts for client retention
Reliability and distinction are catalysts for client retention Strong client relationships, with long-term agreements Scale, efficiency and quality represent a competitive advantage that is difficult to replicate The brand names/logos mentioned are the property of their respective owners and are use
Slide 25: Catering to global customers seeking reliable, diversified supply
Catering to global customers seeking reliable, diversified supply alternatives 24
Slide 26: Core Business
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Slide 27: Speciality Carbon Black - from commodity scale to technology-led value
Speciality Carbon Black - from commodity scale to technology-led value OVERVIEW Fully integrated value chain from feedstock to customized speciality grades - full control over chemistry, purity, and quality Scaled operations: GROWTH LEVERS ~250,000 MTPA carbon black capacity; ~130,000 MTPA specialit
Slide 28: Building brands in Speciality Carbon Black (1/2)
Building brands in the Speciality Carbon Black business (1/2) 9 Speciality Black Series ENERGEX ONYX JETEX KLAREX ELECTRA ENERGEX plays a crucial role by A premium high-performance A specialised conductive Carbon A high-purity Carbon Black range An advanced portfolio of Role creating a conductive pa
Slide 29: Building brands in Speciality Carbon Black (2/2)
Building brands in the Speciality Carbon Black business (2/2) 9 Speciality Black Series COLORX BARONX VIRTEX TERVION A pigment-grade Carbon Black A Speciality Carbon Black range High-performance speciality Speciality additive engineered to Role brand delivering deep blackness, offering enhanced surf
Slide 30: Driving sustainable growth through core business of Coal Tar Pitch
Driving sustainable growth through core business of Coal Tar Pitch OVERVIEW GROWTH LEVERS World’s largest single location fully integrated Haldia & Mangalore port terminals - commissioned to meet carbon complex rising international demand 65% domestic market share Anthraquinone & Carbazole - high-va
Slide 31: Advancing the value chain with value added products
Advancing the value chain with value added products • ~67% domestic market share; used in phthalic • High-performance concrete admixtures — SNF for anhydride, dyes, resins, and agrochemical workability, PCE for water reduction and flow intermediates • Positions Himadri across both traditional TM • D
Slide 32: New Energy Material
New Energy Material
Slide 33: Lithium-ion Batteries: Evolved. Proven. Essential.
Lithium-ion Batteries: Evolved. Proven. Essential. Market relevance Product Application Industry landscape Competitive Edge Strong Future LiBs are the cornerstone Powers electric vehicles, Global battery Higher energy density, Ongoing innovation in LFP of the global energy renewable energy storage,
Slide 34: Anode Material: Powering the future of energy storage
Anode Material: Powering the future of energy storage Overview • Established a 200 MTPA anode material facility at Mahistikry, West Bengal • Backed by 10+ years of in-house R&D across the full anode technology stack • Covers the entire value chain - raw material processing to finished products, ensu
Slide 35: LFP Cathode Materials: Powering safer and sustainable tomorrow
LFP Cathode Materials: Powering safer and sustainable tomorrow Overview • Entering advanced battery materials with high-quality LFP cathode active materials • Building capabilities across the full scale-up chain — lab, pilot, demo, commercial • Strengthening Himadri's presence in the next-gen batter
Slide 36: Strategic advantages in New Energy Business
Strategic advantages in New Energy Business FIRST-MOVER ADVANTAGE STRONG DEMAND OUTLOOK Early entry into both LFP Cathode and Anode active materials LFP cathodes offer high safety, thermal stability, cost efficiency, strengthen Himadri’s brand visibility and position it as a trusted and mass-market
Slide 37: Carbon Nano Tube (CNT)
Carbon Nano Tube (CNT) Key Highlights • First commercial CNT production in India • Graphene rolled into a seamless cylinder, forms CNT • 100 times stronger than steel with conductivity of copper • Breakthrough enabled by Himdari’s relentless in-house innovation and R&D • New generation material - ap
Slide 38: Super Speciality Carbon Black (SSCB)
Super Speciality Carbon Black (SSCB) Existing carbon black will be converted to produce high value SSCB Key Characteristic • Superior and different morphology with high purity • Niche application & premium pricing Benefits • Entry into high-value SSCB segment • Premium realisation & higher margins •
Slide 39: Strategic Investments
Strategic Investments
Slide 40: Creating long term value through all strategic investments
Creating long term value through all strategic investments Invati Creations Sicona Growth backed by rising EV adoption, demand for high-energy- Holds multiple patents; continues advancing patentable novel density/fast-charging batteries, supply chain localisation, and molecule synthesis expanding cu
Slide 41: International Battery Company (IBC)
International Battery Company (IBC) OVERVIEW • Himadri made a strategic investment in IBC to strengthen its participation in the global battery value chain (19.44% stake) • As a part of this partnership, Himadri holds a Nominee Director’s USA position on IBC’s Board, enabling active governance parti
Slide 42: Sicona Battery Technologies
Sicona Battery Technologies Sicona secures up to AUD 45 million ARENA funding to accelerate next-generation technology Sicona is developing a next-generation silicon-carbon (SiCx®) anode platform for lithium-ion batteries Our strategic investment in a next-generation battery materials platform Progr
Slide 43: Invati Creations
Invati Creations About Invati Creations Shared vision to develop high-performance electrode R&D extends beyond batteries into energy storage, life materials via nanotech-enabled formulation platforms, sciences, and other high-value applications — reinforcing advancing patented novel molecules for hi
Slide 44: Birla Tyres - Driving Growth. Expanding Horizons.
Birla Tyres - Driving Growth. Expanding Horizons. Overview • Strategic partnership: Himadri, along with Resolution Applicant DBRL, acquired Birla Tyres Limited (Oct 2023) • Plant recommissioned; integration on track - asset revival, aligned operations, team structuring • Building a robust network an
Slide 45: Product portfolio expanded with new tyre sizes
Product portfolio continues to expanded with the successful launch of new tyre sizes across strategic segments 160+ SKUs SEGMENT AGRICULTURE OFF THE ROAD TRUCK BUS BIAS COUNT of SKU 60+ 30+ 70+ 44
Slide 46: Strengthening brand visibility, customer engagement and market reach
Strengthening brand visibility, customer engagement and market reach across key touch points WAPL 2026: Title Sponsor Mining Indonesia 2026 Bauma CONEXPO India 2026 Title Sponsor of Women's Andhra Premier Showcased OTR and industrial tyre portfolio at Showcased tyre solutions and technological Leagu
Slide 47: ESG
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Slide 48: Roadmap to Net Zero
Roadmap to Net Zero Achieve (2023 to 2030) Accelerate (2030 to 2040) Scale (2040 to 2050) Our ambition Reduction in packaging emissions Elimination of virgin plastics in packaging by 100% Assumption: India will be a regulated carbon Scope 3: Baseline Year 2023 (FY 2023-24) market with high tax impos
Slide 49: Sustainability Objective
Sustainability Objective Objectives Measures Target FY27 Target FY26 Result FY26 Main Domain UNGC–SDGs By 2026, Lost Time Injury Frequency Rate below 1 (vs Vision Zero Accident <1 <1 0 People 2021) By 2026, Reduce energy intensity per metric tonne of Energy consumption -20% -20% -19.31% Planet produ
Slide 50: Recognized ESG leadership
Recognized ESG leadership EcoVadis Platinum Medal CDP Supplier (Consecutive years) Engagement Top 1% of companies globally Rating: A TRUSTED BY GLOBAL ESG INSTITUTIONS CDP Climate Change ESG Practices ICRA ESG Rating B Award Combined (Leadership Level) Year 2026 Rating of 82 International safety and
Slide 51: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation Environment Protection Award 2026 Industrial Review 2026 Golden Globe Tiger Awards 2026, Kuala International Safety Award (ISA) 2026 Mahistikry Unit, Singur; received at the 25th Excellence in Specialty Chemicals & Advanced Lumpur Merit, conferred by the
Slide 52: Financial Highlights
Financial Highlights
Slide 53: Standalone Statement
Standalone Statement Particulars (Rs. in Cr) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Net Revenue From Operations 1,542.67 1,070.41 44.12% 1,274.26 21.06% 2,816.93 2,170.83 29.76% Cost of Materials Consumed 1,048.83 675.60 804.17 1,853.00 1,379.65 Gross Profit 493.84 394.81 25.08% 470.09
Slide 54: Consolidated Statement
Consolidated Statement Particulars (Rs. in Cr) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Net Revenue From Operations 1,691.43 1,071.03 57.93% 1,431.88 18.13% 3,123.31 2,189.32 42.66% Cost of Materials Consumed 1,171.01 661.95 912.11 2,083.12 1,371.40 Gross Profit 520.42 409.08 27.22% 519.
Slide 55: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. in Cr) Sep'26 Mar' 26 Particulars (Rs. in Cr) Sep'26 Mar' 26 ASSETS EQUITY AND LIABILITIES Non-Current Assets 3,960.90 3,488.50 Equity 5,049.26 4,622.76 Property, Plant and Equipment 1,808.36 1,726.79 Equity Share Capital 50.46 50.45 Capital work-in-progress
Slide 56: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in Cr) Sep'26 Mar' 26 Particulars (Rs. in Cr) Sep'26 Mar' 26 ASSETS EQUITY AND LIABILITIES Non-Current Assets 3,947.58 3,482.87 Equity 5,188.39 4,762.08 Property, Plant and Equipment 1,892.83 1,811.51 Equity Share Capital 50.46 50.45 Capital work-in-progre
Slide 57: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. in Cr) Sep-26 Sep-25 Sep-26 Sep-25 Profit Before Tax 611.94 491.24 607.85 477.76 Adjustments for: Non-Cash Items / Other Investment or Financial Items (25.14) 5.18 (13.20) 5.27 Operating profit before working capital changes 586.80 496.42
Slide 58: Sustainable growth in performance
Sustainable growth in performance Revenue from Operations (Rs. in Cr) EBITDA (Rs. in Cr)* PAT (Rs. in Cr) +14% 4,613 4,661 1,006 755 4,172 4,185 847 +58% 555 +110% 635 2,791 411 419 216 163 39 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 *Earnings before interest, tax,
Slide 59: Progressive returns on capital
Progressive returns on capital Sales Volume (MT)* ROCE (%)** Cash Rich Company (Rs. in Cr) 392 +11% 5,52,206 5,64,206 33% 32% 4,75,582 27% 4,03,826 148 3,71,974 121 17% 6% -198 -313 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 * Sales volume figures are reported on a st
Slide 60: Company contact details
Company : CIN: L27106WB1987PLC042756 Ms. Monika Saraswat Company Secretary monika@himadri.com Email: monika@himadri.com www.himadri.com Email: corporatestrategy@himadri.com
Himadri Speciality Chemical — Q2 FY27 Earnings Presentation on 6ix