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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 08, 16:00
50.80 4.60 (9.96%)
Volume
AVERAGE VOLUME
5-Day
192,693
10-Day
132,193
30-Day
113,201
414,380
  • Prev. Close

    46.20

  • Open Price

    50.80

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 08, 15:58
50.65 4.60 (9.99%)
Volume
No Data Available
2,765,673
  • Prev. Close

    46.05

  • Open Price

    50.65

  • Bid Price (Qty.)

    50.65 (7587)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

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

Chairman's Speech

Dear Shareholder''s Over the years, we selected to grow methodically: we would not engage in considerable investments in unrelated growth areas; on the contrary, we would invest in adjacent business spaces so that the end-product of one business would represent the raw material of the other. We would not stretch our Balance Sheet through large investments; instead we would leverage our accruals combined with debt to grow our business. Over the years, the combination of scale and integration has translated into a competitive advantage reflected in our margins and revenue growth which are higher than the industry average. More than just an enhanced viability, we are now a reference point in our sector the world over. We have successfully expanded from a couple of products to nearly a dozen through the prudent leverage of our carbon management competence on the one hand and have become one of the few companies to have successful multi- product industrial complexes at a single facility. The advantage This progressive integration has strengthened our de-risking. Over the years, Himadri Chemicals widened its risk from an excessive dependence on a couple of products to a number of products.The Company leveraged the growth coming out of a handful of sectors to a point where its growth is being driven by the downstream potential of a number of sectors. What enhances our prospects is that we are not dependent on conventional products; our prospects are linked to an enhanced life quality. For instance, automobiles represent a superior lifestyle proposition for most people across the world; a majority of carbon black is used in the manufacture of tyres used in the production of automobiles and aircraft. The higher the standard of living, the stronger the consumption of carbon black. This rationale extends to the manufacture of coal tar pitch used in the aluminium sector. Aluminium is a new-age metal; it is replacing a conventional material like steel on account of its lightness, durability and receptivity for diverse applications. A similar logic underlies our presence in the manufacture of carbon material used in the manufacture of lithium ion batteries. These lithium ion batteries represent a fitting proxy for a modernising world, reflected in their consumption in laptops and mobile handsets. This prudent selection of products and spaces represents the basis of our success story. The Company is more than just a producer of industrial products; it is a proxy of a modernising world. The Company is more than a manufacturer of commodity products; it is a proxy for an enhanced lifestyle quality. Process advantage At Himadri, we do not just enjoy an advantage of a greater market share; we are also advantageously placed, which provides us with a cost edge one end-product represents the raw material for another product. This integration makes it possible for us to manufacture products at a cost that is lower than if these products were conventionally manufactured. Enhanced investment Given this optimistic background application and cost - we at Himadri are confident that there is an optimistic future ahead for coal tar pitch and distillation byproducts. Given this reality, there could have been two ways of addressing the marketplace opportunity. One, to wait for the markets to rebound and then embark on the investment to manufacture those products, thereby missing out on the most lucrative part of the recovery cycle. Two, to invest slightly ahead of the recovery cycle so that one would have the incremental capacity ready for the marketplace as soon as the recovery transpired, making it possible for the Company to enter into new and enduring customer relationships, translating into revenues for the moment and for the foreseeable future. Outlook It is with this perspective that we selected to strengthen our core, invest in additional capacities and create a stronger Company even as shareholders may question our foresight in a particularly weak industry environment. For all those shareholders who may be apprehensive, I have a comforting thought: as an organisation, Himadri Chemicals has invested a number of times during downtrends. While these decisions may have been questioned for their timing, they inevitably generated high returns during market recoveries and resulted in high returns on invested capital, enhancing value in the hands of those invested in our company. Sincerely, D. P. Choudhary Chairman, Himadri Chemicals & Industries Limited