Himadri Speciality Chemical Ltd. · NSE:HSCL
Himadri Speciality Chemical — Q1 FY2026 Earnings Presentation
51 slides from Himadri Speciality Chemical's earnings presentation, Jul 15, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
No: HSCL / Stock-Ex/2025-26/55 Date: 15/07/2025 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 Street, Ba
Slide 2: Himadri Reloaded: The Next Chapter
Himadri Reloaded The Next Chapter Investor Presentation | July 2025 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: Himadri's strategic roadmap to grow and accelerate towards 2028
Himadri’s strategic roadmap to grow and accelerate towards 2028 FY2026 FY2027 FY2028 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 Speciality Carbon Black Expansion year of operations o S
Slide 5: Unlocking new opportunities with focused investments through internal accrual
Unlocking new opportunities with focused investments through internal accrual Birla Tyres* LFP Speciality Carbon Black Speciality Chemicals Turnaround + Strategy Pioneer in India Forward Integration Vertical Integration Gain Market Share Capex Rs. 306 Cr Rs. 1,125 Cr Rs. 220 Cr Rs. 120 Cr Operationa
Slide 6: Each acquisition made with a strategic purpose
Each acquisition made with a strategic purpose Collaborations poised to accelerate the development and deployment of next-generation EVs and Energy Investment in Sicona Battery Technologies storage solutions Secured a ~15% post-conversion equity interest in Sicona Battery Technologies Pvt. Ltd. with
Slide 7: 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 8: R&D led innovative product portfolio driving growth
R&D led innovative product portfolio driving growth Diversified Products Basket Carbazole Clean Power Natural Speciality Speciality Resource synthetic, Coal Tar Pitch Speciality Oils Agrochemical Carbon black Extraction hybrid & silicon Solutions Anode Material LFP Cathode OHT, PCR, EV, CV & Recycli
Slide 9: 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 8
Slide 10: 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 11: Core Business
Himadri Core Business The Next Chapter 10
Slide 12: Marking an exciting new chapter in the growing global market
Marking an exciting new chapter in the growing global market Planned to expand its operation in the liquid coal tar pitch market and establish a strong market presence for export of liquid pitch. Liquid Coal Tar Pitch Commissioned high temperature liquid coal tar pitch terminal at Haldia and Mangalo
Slide 13: 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 14: 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 15: Speciality Carbon Black
Himadri Speciality Carbon Black The Next Chapter 14
Slide 16: Capex to more than double speciality carbon black capacity
Capex to more than double speciality carbon black capacity Brownfield expansion of a new speciality carbon black line of 70,000 MTPA Increasing the total speciality carbon black capacity to 1,30,000 MTPA making it world’s largest speciality carbon black capacity at single site Estimated capex of Rs.
Slide 17: New speciality carbon black grades
New speciality carbon black grades 8 Speciality Black Series with more than 60 Grades New Speciality Carbon Black Grades applications • Synthetic fibres • High-performance plastics ONYX COLORX • U.S. FDA-compliant applications Offer excellent Color and UV protection applications ELECTRA VIRTEX • Pre
Slide 18: Speciality Chemicals
Himadri Speciality Chemicals The Next Chapter 17
Slide 19: Leveraging the 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 Cr, plant to be commissioned by Q2 FY27 Target markets : Domestic and global sectors Setting up facility to extract high value-added speciality products namely Forward In
Slide 20: Entry into LiB Components
Himadri Entry into LiB Components The Next Chapter 19
Slide 21: Anode and cathode represent close to 65% of Li-ion cell cost
Together anode and cathode - represent close to 65% of the total Li-ion cell cost Our LFP Cathode Active Material Vision • To produce 2,00,000 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 Commerc
Slide 22: Demand is surging, and migrating 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 tonnes annually by 2030 for global LiB cell produc
Slide 23: Advancing our work with LFP cathode active material
Advancing our work with LFP cathode active material To produce 2,00,000 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 &
Slide 24: Where we play a role
Where we play a role HIMADRI’S PRESENCE Upstream Downstream Exploration & Mining Cell Manufacturing Lithium Chemicals Cathode Active Material Refining of Lithium Concentrate to Lithium Best in Class & Sustainable Cathode Carbonate and Lithium Hydroxide Active Material Production Critical player in B
Slide 25: 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 26: 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 FY 2025, up from 6.8% in FY 2024, indicating India Battery Energy Storage Demand a rapid shift toward cleaner mobility. Li-ion battery demand is expected to grow by about 27% annu
Slide 27: 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 28: Strategic Acquisitions
Himadri Strategic Acquisitions The Next Chapter 27
Slide 29: 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, localise, and commercialise Sicona’s proprietary Silicon-Carbon (SiCx®) anode technology in India Sicona's Transformative Year: Innovative Technologies at S
Slide 30: Strategic investment in IBC: Catalyzing global growth
Strategic investment in IBC: Catalyzing global growth New product International Battery Company, Inc (IBC) is IBC is developing its LFP-based Prabal 2000 using Himadri’s LFP Cathode active and a full-service lithium-ion cell anode materials, backed by a strong joint product roadmap manufacturing com
Slide 31: Partnership with Invati Creations
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 32: Birla Tyres
Himadri Birla Tyres The Next Chapter 31
Slide 33: Birla Tyres - turnaround opportunity
Birla Tyres - turnaround opportunity Future Plans Link: https://birlatyre.com/ Focusing on building a comprehensive product portfolio The Case for Acquisition of speciality tyres to service Off-Highway tyres (OHT), Commercial Vehicles (CV), Agri, Industrial and EV ▪ Strategic fit with the Company’s
Slide 34: Sustainability Goals
Himadri Sustainability Goals The Next Chapter 33
Slide 35: 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 34
Slide 36: 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 37: Sustainability Objectives 2025–26
Sustainability Objectives 2025 – 26 Objectives Measures Target FY 2026 Target FY 2025 Result FY 2025 Main Domain UNGC -SDGs Vision Zero Accident / Incident By 2025, Loss Time Injury Frequency Rate below 1(Vs 2021) <1 <1 0 People By 2025, Reduce Energy Intensity per metric tonne of product sold (Vs E
Slide 38: Leading ESG practices globally
Leading ESG practices globally Recognition with the EcoVadis Platinum Medal, placing the company among the top 1% of over 1,30,000 companies assessed globally for sustainability practices 37
Slide 39: Commendable 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 40: 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 41: Latest triumphs in excellence and innovation
Latest triumphs in excellence and innovation Honoured to have received Recognised with six Honoured with the Himadri honoured with Top Honoured with Silver four prestigious awards, prestigious awards at the Golden Peacock Award Global Recognition at LACP Recognition for its recognising our efforts a
Slide 42: Financials
Himadri Financials The Next Chapter 41
Slide 43: Driving profitable growth with capital efficiency
Driving profitable growth with capital efficiency Financial Capital Sources of Capital Output of Investments Efficient growth Robust cash flows and high liquidity Strategic investments are Strategic capital is deployed for Sustained focus on low leverage and enable disciplined investments aligned co
Slide 44: Q1FY26 – Result highlights
Q1FY26 – Result highlights SALES VOLUMES IN Q1FY26 REVENUE SALES IN Q1FY26 VOLUMES IN Q1FY26 EBITDA SALES IN VOLUMES SALES Q1FY26 VOLUMES IN Q1FY26 IN Q1FY26 Sales Volumes increased by 1% Revenue decreased by 8% to EBITDA increased by 25% to yoy to 1,40,090 MT in Q1FY26 Rs. 1,100 Cr yoy in Q1FY26 Rs
Slide 45: Q1FY26 – Result highlights
Q1FY26 – Result highlights Sales Volume (MT) Revenue (Rs. in Cr) 1,39,175 1,39,057 1,37,447 1,36,527 1,40,090 1,200 1,135 1,132 1,129 1,100 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 EBITDA (Rs. in Cr) PAT (Rs. in Cr) 222 232 234 183 188 201 158 134 142 123 Q1FY25 Q2FY25 Q
Slide 46: Standalone Profit & Loss Statement – Q1 FY26
Standalone Profit & Loss Statement – Q1 FY26 Particulars (Rs. in Cr) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q FY25 Net Revenue From Operations 1,100.42 1,199.77 -8.28% 1,129.01 -2.53% 4,595.80 Cost of Materials Consumed 704.05 851.32 744.55 3,151.98 Gross Profit 396.37 348.45 13.75% 384.46 3.10% 1443.82 Emp
Slide 47: Consolidated Profit & Loss Statement – Q1 FY26
Consolidated Profit & Loss Statement – Q1 FY26 Particulars (Rs. in Cr) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q FY25 Net Revenue From Operations 1,118.29 1,200.41 -6.84% 1,134.64 -1.44% 4,612.63 Cost of Materials Consumed 709.45 849.77 744.56 3,147.03 Gross Profit 408.84 350.64 16.60% 390.08 4.81% 1,465.60
Slide 48: Sustainable increase in financial performance
Sustainable increase in financial performance Revenue (Rs. in Cr) EBITDA (Rs. in Cr)* PAT (Rs. in Cr) +29% 4,596 844 558 4,172 4,185 632 411 +60% +86% 2,791 408 1,679 208 162 128 65 47 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 *Earnings before interest, tax, deprecia
Slide 49: Progressive returns on capital
Progressive returns on capital Sales Volume (MT) ROCE (%)* Cash Rich Company (Rs. in Cr) 371 5,52,206 34% +13% 4,75,582 28% 142 4,03,826 3,71,974 3,41,931 17% -200 -315 6% 5% -583 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 *Excludes Investment & CWIP On Standalone Bas
Slide 50: Growing present, promising future
Growing present, promising future Unparalleled access to growth opportunities Global speciality Pioneer in Lithium Quality-led Sustainability chemical ion battery production focused conglomerate materials Transformation Unfolds…. Innovating today, Products catering to Expansive global Strong custome
Slide 51: Contact details
Company : CIN: L27106WB1987PLC042756 Ms. Monika Saraswat Company Secretary 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 MUFG Corporate Markets,
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