Himadri Speciality Chemical Ltd. · NSE:HSCL
Himadri Speciality Chemical — Q4 FY2026 Earnings Presentation
60 slides from Himadri Speciality Chemical's earnings presentation, Apr 23, 2026
Slide 1: Exchange filing cover letter
Ref. No: HSCL / Stock-Ex/2026-27/13 Date: 23/04/2026 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: Himadri Reloaded: The Next Chapter
Himadri Reloaded The Next Chapter Investor Presentation | April 2026 Marked by Innovation, Resilience and a Commitment to Sustainable Growth
Slide 3: Safe Harbor
Safe Harbor 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 a
Slide 4: Q4 & FY26 Highlights
Q4 & FY26 Highlights Himadri The Next Chapter
Slide 5: FY26: We delivered what we said
FY26 : We delivered what we said Record EBITDA Record PBT Record PAT Net Cash Company Rs. 1,006 Crores Rs. 1001 Crores Rs. 755 Crores Cash of Rs. 121 Crores FY26 Milestones Growth in Core Business Commenced Birla Tyres commenced Launched retail offering commercial operations and ramping up of Naphth
Slide 6: Strategic roadmap to grow and accelerate towards 2028
Strategic roadmap to grow and accelerate towards 2028 FY26 FY27 FY28 Shifting Gears Towards High-Value Growth o Growth : Core Business o Growth : Core Business o Growth : Core Business o Speciality Carbon Black Expansion full o Trial production in speciality carbon year of operations o Speciality Ca
Slide 7: Record results delivered
Record results delivered EBITDA (Rs. in Cr) PBT (Rs. in Cr) PAT (Rs. in Cr) 1,006 1001 755 847 Q4 280 806 268 208 555 231 224 155 Q3 253 255 192 225 206 141 238 237 176 Q2 203 197 136 188 235 241 179 Q1 179 123 FY25 FY26 FY25 FY26 FY25 FY26 EBITDA, PBT & PAT at all-time highs, reinforcing Himadri’s
Slide 8: Sustainable increase in financial performance
Sustainable increase in financial performance Revenue from Operation (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 inte
Slide 9: 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 **Excludes Investment & CWIP * Sales volume
Slide 10: 200 MTPA Anode material facility at Mahistikry commenced
200 MTPA Anode material facility at Mahistikry – commenced in April 2026 Successfully commenced operations at our first anode material production facility (200 MTPA) at Mahistikry, West Bengal in April 2026. Built on 10+ years of in-house R&D across the entire anode technology stack; from raw materi
Slide 11: World's largest single location speciality carbon black facility
Our Mahistikry plant – crowned the World’s largest single location speciality carbon black facility Commenced commercial operations of 70,000 MTPA Speciality Carbon Black Line at Mahistikry, West Bengal Himadri’s total carbon black capacity now stands at 250,000 MTPA, including 130,000 MTPA of speci
Slide 12: CMD & CEO conferred Best CEO Awards 2026
Our CMD & CEO Conferred with “Best CEO Awards 2026 (Chemicals)” Mr. Anurag Choudhary (CMD & CEO), conferred Business Today India's Best CEO Award 2026 (Chemicals) at BT MindRush 2026 recognizing his leadership in driving Himadri's transformation into a diversified speciality chemicals and advanced m
Slide 13: Company Overview
Himadri Company Overview The Next Chapter 12
Slide 14: Unlocking new opportunities with focused investments
Unlocking new opportunities with focused investments through internal accruals Birla Tyres* Speciality Carbon Black LFP Speciality Chemicals Turnaround + Strategy Forward Integration Pioneer in India Vertical Integration Gain Market Share Capex Rs. 306 Cr Rs. 220 Cr Rs. 1,125 Cr Rs. 120 Cr Operation
Slide 15: Each acquisition made with a strategic purpose
Each acquisition made with a strategic purpose Collaborations poised to accelerate the development Investment in Sicona Battery Technologies and deployment of next-generation EVs and Energy Himadri has invested a total of ~Rs. 138.34 crores in Sicona to date, storage solutions entitling it to approx
Slide 16: R&D innovations for tomorrow's market
R&D innovations for tomorrow’s market Excelling while innovating Advanced R&D facilities are accredited by Global Techno- World class Consistent An innovative the National Accreditation Board for knowledge bank commercial team laboratory R&D mindset Testing and Calibration Laboratories (NABL), ensur
Slide 17: R&D led innovative product portfolio driving growth
R&D led innovative product portfolio driving growth Diversified Products Basket SNF/PCE High Purity Naphthalene Anthraquinone Natural Speciality Coal Tar Pitch Speciality Oils Naphthalene balls synthetic, Agrochemical hybrid & silicon Solutions Anode Material OHT, PCR, EV, CV & Carbazole LFP Cathode
Slide 18: Products serving the high growth sunrise sectors
Products serving the high growth sunrise sectors Lithium – Ion Batteries Tyre Defence Aluminium Graphite Electrodes Paints, Plastic & Fibre Construction Chemical Infrastructure Anti Corrosive Material Wood Preservative Oils Power Specialized Products 17
Slide 19: 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 20: Core Business
Himadri Core Business The Next Chapter 19
Slide 21: Marking an exciting new chapter in the growing global market
Marking an exciting new chapter in the growing global market Himadri’s plan to strengthen its footprint in the liquid coal tar pitch export Liquid Coal Tar Pitch market Commissioned high temperature liquid coal tar pitch terminal at Haldia and Mangalore port Planned to expand its operation in the li
Slide 22: Advancing speciality value chain
Advancing speciality value chain Coal Tar Pitch Positioned among the few global manufacturers of specialized pitches; consistently improved anode lifespan via process optimization. Speciality Carbon Black Launched a series of application-specific speciality blacks with superior performance parameter
Slide 23: New speciality carbon black grades
New speciality carbon black grades New Speciality Carbon Black Grades applications 9 Speciality Black Series with more than 70 Grades • Synthetic fibres • High-performance plastics • U.S. FDA-compliant applications ONYX COLORX VIRTEX Offer excellent Color and UV protection applications • Pressure pi
Slide 24: Durofresh: Unlocking value in B2C naphthalene balls market
DurofreshTM: Unlocking value in B2C naphthalene balls market Backed by decades of expertise and a strong legacy in naphthalene manufacturing, we possess the technical capability and quality assurance required to excel in consumer-facing markets. Capture greater value within its existing value chain
Slide 25: Leveraging existing infrastructure and expertise in coal tar derivatives
Leveraging the existing infrastructure and expertise in coal tar derivatives Future Plans Target Market Expected capex of Rs. 120 crores, plant to be commissioned by Q2FY27 Target markets : Domestic and global sectors Setting up facility to extract high value-added speciality products namely Forward
Slide 26: Advancing into LiB Components
Advancing into LiB Components 25
Slide 27: Anode and cathode represent close to 65% of Li-ion cell cost
Together anode and cathode - represent Our LFP Cathode Active Material Vision close to 65% of the total Li-ion cell cost • To produce 200,000 MTPA of Lithium Iron Phosphate (LFP) Cathode Active Material, catering to 100 GWh of Li-ion Battery, in a phased manner over the next 5-6 years • 1st Commerci
Slide 28: Demand is surging toward higher-performance chemistries
Demand is surging and migrating toward higher-performance chemistries Cathode Material Landscape India is emerging as a strategic and trusted alternative for global battery supply chains • Market Projection : Cathode Material demand to reach 9.4 Mn tons annually by 2030 for global LiB cell productio
Slide 29: Advancing our work with LFP cathode active material
Advancing our work with LFP cathode active material To produce 200,000 MTPA of Lithium Iron Phosphate (LFP) Cathode Active Material, catering to 100 GWh of Li-ion Battery, in phases in 5-6 years 1st Commercial plant for LFP Cathode Active Material globally ex- China, for catering to the domestic & i
Slide 30: Where we play a role
Where we play a role HIMADRI’S PRESENCE Upstream Downstream Exploration & Mining Lithium Chemicals Cathode Active Material Refining of Lithium Concentrate to Lithium Carbonate Best in Class & Sustainable Cathode Active and Lithium Hydroxide Material Production Upstream Cell Manufacturing Coal Tar Pi
Slide 31: Primary cathode active material used now – NMC & LFP
Primary cathode active material used now – NMC & LFP Working of LFP battery LFP batteries use lithium iron phosphate as the Safety cathode material alongside a graphite electrode Safety with a metallic backing as the anode. fast fast charging Spec. charging Spec. capabilities energy capabilities ene
Slide 32: Well poised to cater to global demand for LiB raw materials
Well poised to cater to global demand for LiB raw materials LiB Growth Potential EV penetration in India rose to 7.3% in FY25, up from 6.8% in FY24, indicating a India Battery Energy Storage Demand rapid shift toward cleaner mobility Li-ion battery demand is expected to grow by about 27% annually to
Slide 33: Powering the future through circular energy systems
Powering the future through circular energy systems We are the only Indian company selected The Global Availability of EV batteries for recycling is expected to increase 25% YoY till 2040 resulting in a huge volume influx. by the Indo German Science and Himadri is keen to play a significant role in
Slide 34: Strategic Acquisitions
Himadri Strategic Acquisitions The Next Chapter 33
Slide 35: Strategic stake in Sicona Battery Technologies
Strategic stake in Sicona Battery Technologies Exclusive technology licensing partnership with Sicona that grants Himadri the rights to access, localize and commercialize Sicona’s proprietary Silicon-Carbon (SiCx®) anode technology in India Sicona's Transformative Year: Innovative Technologies at Si
Slide 36: Strategic investment in IBC: Catalyzing global growth
Strategic investment in IBC: Catalyzing global growth Industry outreach Collaborating with global giants from South Korea, Japan and USA International Battery Company, Inc (IBC) is a USA silicon valley based full-service lithium-ion cell manufacturing company New product related developments special
Slide 37: Partnership driven by shared vision of LiB materials and innovation
Partnership is driven by a shared vision of producing LiB materials & innovative technologies About Invati Creations Strong focus on engineering Lithium-ion Engages in R&D of various molecules and Invati holds multiple patented and electrode materials for efficient energy nanotech solutions, address
Slide 38: Birla Tyres
Himadri Birla Tyres The Next Chapter 37
Slide 39: Birla Tyres - turnaround opportunity
Birla Tyres - turnaround opportunity Future Plans Link: https://birlatyre.com/ Focusing on building a comprehensive product portfolio of speciality tyres to service Off-Highway tyres (OHT), The Case for Acquisition Commercial Vehicles (CV), Agri, Industrial and EV segments ▪ Strategic fit with the C
Slide 40: Strong Domestic and Global Presence
Strong Domestic and Global Presence Birla Tyres is building a trusted reputation across India and several key international markets through its consistent focus on quality, reliability and customer satisfaction. Currently we have total 43 Distributors (36 Domestic + 7 Global) & 1000+ Dealers. Domest
Slide 41: A glimpse of our Tyre Portfolio
Classic Strength, Reimagined for Now : A glimpse of our Tyre Portfolio Latest Offering 40
Slide 42: Sustainability Goals
Himadri Sustainability Goals The Next Chapter a
Slide 43: Power the Future
Where sustainability meets innovation POWER THE FUTURE Transformation Unfolds: From Growing Carbon Value Chain to Promising Mobility and Energy Storage Opportunity We will address substantial part of the critical raw material requirements of Lithium-Ion Batteries 42
Slide 44: Net Zero Ambition
Scope 3 – Baseline Year 2023 (FY23-24) OUR NET ZERO Scope 1 – Baseline Year 2021 (FY 21-22) Scope 2 = 0, Baseline Year 2021 (FY 21-22) AMBITION Reduce Packaging Emission. Elimination of virgin plastic in Assumption: India will be regulated carbon Reduction of Upstream and down packaging by 100% mark
Slide 45: Sustainability Objectives 2026–27
Sustainability Objectives 2026 – 27 Objectives Measures Target FY 2027 Target FY 2026 Result FY 2026 Main Domain UNGC -SDGs Vision Zero Accident / Incident By 2026, Loss Time Injury Frequency Rate below 1(Vs 2021) <1 <1 0 People By 2026, Reduce Energy Intensity per metric ton of product sold (Vs Ene
Slide 46: EcoVadis Platinum medal for second consecutive year
ESG Exellence reaffirmed by EcoVadis with Platinum medal for the second consecutive year Himadri has secured the EcoVadis Platinum Medal for the second consecutive cycle (January 2026), placing the company in the top 1% of more than 1,50,000 companies assessed worldwide for its performance across Su
Slide 47: Recognition in maiden CDP assessment
Commendable recognition in maiden CDP assessment Achieved a commendable ‘B’ rating in its maiden CDP evaluation in 2024 for both Climate Change and Water Security This achievement places Himadri alongside over 24,700 organizations worldwide that are utilizing data-driven insights to promote environm
Slide 48: Setting Standard, Winning Recognition
Setting Standard, Winning Recognition Himadri Speciality Chemical Ltd has been awarded at Himadri Speciality Chemical Ltd has been recognized prestigious 4th Edition of Chemconnect 2026, for the among the Top 100 Fastest, Most Consistent and All- International Supply Chain excellence in speciality R
Slide 49: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation Honoured to have received Himadri honoured with Top four prestigious awards, Recognised with six prestigious Global Recognition at LACP recognising our efforts as awards at the 13th The Golden Honoured with the Golden Spotlight Awards 2024/25 Winners in:
Slide 50: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation We are proud to be recognized as a Recognised as India’s Top Himadri marks a milestone in Himadri achieved a milestone Great Place to Work®—a reflection Value Creator 2025 – its sustainability journey by in its sustainability journey by of our people’s tr
Slide 51: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation Recognised as India’s Leading ESG Entity 2026 by Dun & Bradstreet India in its prestige report “ESG Horizons: Now and Next 2026”, a curated listing of leading Indian companies evaluated under D&B's proprietary ESG Intelligence Framework Rating, reflecting
Slide 52: Working sustainably progressing responsibly
Working sustainably progressing responsibly Achieved ‘Merit’ in International CDP- Supplier Engagement Safety Award by British Safety Council during 2024 Assessment: A rating Joined the United Nations Global Awarded with [ICRA ESG] Compact (UNGC) as a direct Combined Rating 80, Exceptional signatory
Slide 53: ESG our focus on sustainability
ESG our focus on sustainability Himadri’s had released its TCFD Report for FY 2024 – Himadri’s Sustainability Report FY 2024-25 outlines its 25, demonstrating a strong commitment to climate integrated approach to ESG performance and long- risk transparency and strategic resilience. term value creati
Slide 54: Financials
Financials Himadri The Next Chapter
Slide 55: Standalone Profit & Loss Statement – Q4 & FY26
Standalone Profit & Loss Statement – Q4 & FY26 Particulars (Rs. in Cr) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Net Revenue From Operations 1,101.31 1,129.01 (2.45%) 1,132.97 (2.79%) 4,405.11 4,595.80 (4.15%) Cost of Materials Consumed 675.07 744.55 712.82 2,767.54 3,151.98 Gross Profit 426.
Slide 56: Consolidated Profit & Loss Statement – Q4 & FY26
Consolidated Profit & Loss Statement – Q4 & FY26 Particulars (Rs. in Cr) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Net Revenue From Operations 1,287.76 1,134.64 13.50% 1,183.62 8.80% 4,660.70 4,612.63 1.04% Cost of Materials Consumed 787.39 744.56 741.09 2,899.88 3,147.03 Gross Profit 500.37
Slide 57: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. in Cr) Mar'26 Mar' 25 Particulars (Rs. in Cr) Mar'26 Mar' 25 ASSETS EQUITY AND LIABILITIES Non-Current Assets 3,488.50 2,401.07 Equity 4,622.76 3,647.53 Property, Plant and Equipment 1,726.79 1,448.23 Equity Share Capital 50.45 49.38 Capital work-in-progress
Slide 58: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. in Cr) Mar'26 Mar' 25 Particulars (Rs. in Cr) Mar'26 Mar' 25 ASSETS EQUITY AND LIABILITIES Non-Current Assets 3,482.87 2,504.76 Equity 4,762.08 3,770.94 Property, Plant and Equipment 1,811.51 1,502.43 Equity Share Capital 50.45 49.38 Capital work-in-progre
Slide 59: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. in Cr) Mar-26 Mar-25 Mar-26 Mar-25 Profit Before Tax 991.36 807.73 1,000.90 806.17 Adjustments for: Non-Cash Items / Other Investment or Financial Items (43.63) 47.71 (17.97) 56.47 Operating profit before working capital changes 947.73 855
Slide 60: Contact
Company : CIN: L27106WB1987PLC042756 Ms. Monika Saraswat Company Secretary & Compliance Officer Email: monika@himadri.com www.himadri.com Mr. Sahil Sawalkar AGM - Strategy Email: sahil.sawalkar@himadri.com Investor Relations Advisors : Effort Efficiency MUFG Intime India Private Limited A part of MU
Himadri Speciality Chemical — Q4 FY2026 Earnings Presentation on 6ix