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Himadri Speciality Chemical Ltd.

BSE: 500184 | NSE: HSCL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE019C01026 | SECTOR: Chemicals

BSE Live

Apr 03, 16:00
42.00 7.00 (20.00%)
Volume
AVERAGE VOLUME
5-Day
125,547
10-Day
96,592
30-Day
100,146
462,143
  • Prev. Close

    35.00

  • Open Price

    37.95

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 03, 15:59
41.90 6.95 (19.89%)
Volume
AVERAGE VOLUME
5-Day
1,051,434
10-Day
859,257
30-Day
897,512
5,053,043
  • Prev. Close

    34.95

  • Open Price

    37.90

  • Bid Price (Qty.)

    41.90 (76564)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2017 2016 2014 2013 2012 2011 2010 2008

Chairman's Speech

Dear Shareholders, We commissioned our projects on time in the earlier years. We now expect our carbon black, power, SNF, advanced carbon and China plants to start in the current year. These developments will establish the foundation for significant growth in the years to come. For years we were a coal tar pitch Company. Today, we are a leading specialty carbon corporation. For years we were an India-centric organisation. Today, we are an organisation with a global footprint. We created a sound financial foundation to drive our growth: A gearing of 1.0 corresponding to a net worth of Rs. 845.78 cr and a cash profit of Rs. 159.93 cr at the close of FY 2010-11. What gives me pleasure is that we achieved several significant milestones over the last few years: We integrated our capacities and captured value across an entire chain starting from one input (coal tar) We successfully scaled new products from pilot to commercial capacities We translated our potential into tangible results We attracted globally respected institutions to invest in our Company We extended our presence from one region to several across the world This foundation makes me optimistic about our prospects. Industry overview Himadri is the largest manufacturer of coal tar pitch (CTP) and by-products in India; it is an example of a globally unique and vertically integrated specialty carbon corporation. The principal users of CTP are aluminium and graphite manufacturers, who cumulatively consume 91% of the total CTP produced. Asia''s CTP consumption is expected to increase significantly due to a shift in aluminium production from Europe to the Middle East, China and India, owing to cost and demand considerations. The Indian aluminum industry is likely to emerge as a powerful player in this evolving industry environment, given its rapid consumption growth, increasing downstream applications, competitive production costs, vast captive bauxite reserves and access to economically attractive coal mines for generating captive power. Per capita consumption numbers are indicative of the potential: India''s per capita metal consumption is a mere 1.3 kgs compared with 25 kgs in the US, 19 kgs in Japan and 10 kgs in Europe. As India continues to develop, incomes will grow, resulting in higher living standards. Given this, more aluminum will be consumed as happened in the western world. The graphite industry accounts for about 13% of the country''s CTP production. CTP is required to make graphite electrodes, which, in turn, are used to make steel through the electric arc furnace (EAF) route. The increasing deployment of EAF-based steel production and favourable industry outlook are expected to strengthen graphite electrode demand. This, in turn, will catalyse demand for Himadri''s Binder and Zero QI impregnating coal tar pitch. This holds true for India''s steel sector as well. The Indian steel sector is expected to increase its production capacity from 75.463 million TPA presently to 110 million TPA by 2012-13. Himadri Chemicals will capitalise on India''s large growth opportunity by expanding its coal tar distillation capacity in locations closer to key customers. By doing this, we expect to retain and grow our share of the Indian CTP market. Beyond India Himadri is also positioned to benefit from the large and growing Chinese market. China''s aluminium consumption is expected to grow rapidly, driven by two key reasons. First, the infrastructure growth of the country, and second, the country''s growing emphasis on becoming a consumption-driven economy. China''s abundant coal tar availability will help fuel this growth in coal tar pitch demand. Himadri''s cutting-edge technology and infrastructure in China (e.g. large liquid pitch terminal at port) will allow us to build a large presence in that geography. Additionally, it will serve as a base that will allow us to serve other key global consumption centers. We also plan to replicate our India strategy in China to drive margins and volumes. The big message at Himadri is that a lot of good has happened at Himadri but the best is yet to come. Mr. D. P. Choudhary Chairman