Himadri Speciality Chemical Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Lakshit Sharma
- Category: Market
Himadri Speciality Chemical share price Rs 651.85 (9 October 2026). Base target Rs 792, bull Rs 949, downside risk Rs 528. PE 41.41. 52W range Rs 418.50 to Rs 819.50.
Quick Answer
The Himadri Speciality Chemical share price target for 2027 is Rs 792, about 21.5% above the current price of Rs 651.85. The bull case is Rs 949, and the downside risk level, which is not a target, is Rs 528. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 28.1%, with the stock holding its PE of 41.41. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Himadri Speciality Chemical target price for 2027 should start with where the stock sits today. At Rs 651.85 on 9 October 2026, it is 20.5% below its 52-week high of Rs 819.50 and 55.8% above its 52-week low of Rs 418.50. That range spans 96% from low to high, so the entry point matters as much as the Himadri Speciality Chemical price forecast itself.
This article builds the Himadri Speciality Chemical share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 792 base case and the Rs 949 bull case were reached, along with a downside risk level of Rs 528.
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Himadri Speciality Chemical Stock Analysis: Company Overview and Key Stats
Himadri Speciality Chemical (NSE: HSCL) has a market capitalisation of Rs 33,302 crore. In FY26 it reported revenue of Rs 4,832 crore and net profit of Rs 755.07 crore. The table collects the figures the Himadri Speciality Chemical share price target is built on.
| Metric | Value |
|---|---|
| Company | Himadri Speciality Chemical |
| NSE Ticker | HSCL |
| CMP (9 October 2026) | Rs 651.85 |
| 52-Week High | Rs 819.50 |
| 52-Week Low | Rs 418.50 |
| Market Cap | Rs 33,302 crore |
| PE Ratio (TTM) | 41.41 |
| Industry PE | 36.60 |
| Price to Book | 7.08 |
| Return on Equity | 15.96% |
| Debt to Equity | 0.16 |
| EPS (TTM) | Rs 15.94 |
| Dividend Yield | 0.12% |
| 12-Month Base Target | Rs 792 |
| Bull Case | Rs 949 |
| Downside Risk Level (not a target) | Rs 528 |
Why Is Himadri Speciality Chemical Share Price Target Set at Rs 792 for 2027?
The base-case Himadri Speciality Chemical stock target of Rs 792 applies a PE multiple of 41.41 to a forward EPS estimate of Rs 19.13. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 21.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Himadri Speciality Chemical Target Price: Five Years of Results
Himadri Speciality Chemical grew revenue from Rs 2,799 crore in FY22 to Rs 4,832 crore in FY26, a compound annual growth rate of 14.6%. Net profit grew faster, from Rs 39.05 crore to Rs 755.07 crore (109.7% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 2,798.54 | 39.05 | 0.98 | 0.20 |
| FY23 | 4,199.82 | 215.86 | 5.13 | 0.25 |
| FY24 | 4,227.41 | 410.68 | 9.16 | 0.50 |
| FY25 | 4,664.32 | 555.10 | 11.17 | 0.60 |
| FY26 | 4,831.99 | 755.07 | 15.02 | 0.80 |
FY26 revenue growth was 3.6%, slower than the four-year average of 14.6%, and net profit moved up 36.0%. EPS rose from Rs 9.16 in FY24 to Rs 15.02 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Himadri Speciality Chemical converted 15.6% of FY26 revenue into net profit, against 11.9% in FY25, within a five-year range of 1.4% to 15.6%. EBITDA margin was 23.5% in FY26 versus 19.4% in FY25.
In the June 2026 quarter, revenue was Rs 1,488 crore, up 30.0% from the same quarter a year earlier, while net profit of Rs 228.43 crore was up 27.4%. EBITDA came in at Rs 344.22 crore, up 26.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.16, and shareholders’ equity grew from Rs 1,865 crore in FY22 to Rs 4,762 crore in FY26. Operating cash flow in FY26 was Rs 382.01 crore against capital expenditure of Rs 449.74 crore, leaving negative free cash flow of Rs 67.73 crore. In FY25 free cash flow was Rs 276.01 crore, so cash generation has not been steady year to year.
Valuation Check for the Himadri Speciality Chemical Stock Target: PE, Price to Book and ROE
At a PE of 41.41 against an industry PE of 36.60, Himadri Speciality Chemical trades at a premium to its industry. Price to book is 7.08 on a book value of Rs 93.28 per share, and return on equity is 15.96%. A PE of 41.41 equals an earnings yield of 2.4%, and the FY26 dividend of Rs 0.80 per share gives a yield of 0.12%.
Shareholding Pattern and Institutional Holding
Promoters held 52.49% of Himadri Speciality Chemical in June 2026, and promoter holding rose from 51.57% in September 2025 to 52.49% in June 2026. Foreign institutional investors (FII) held 6.80% and domestic institutions (DII) held 3.33%, which puts total institutional holding at 10.13%. FII holding rose from 5.74% in September 2025 to 6.80% in June 2026. Public shareholders own the remaining 37.37%.
Himadri Speciality Chemical Share Price Targets for the Short Term and 12 Months
Short Term Himadri Speciality Chemical Stock Target Levels: Technical Setup
At Rs 651.85 on 9 October 2026, Himadri Speciality Chemical trades below its 50-day simple moving average of Rs 695.76 and above its 200-day exponential moving average of Rs 611.68. The 14-day RSI reads 37.5, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 695.76 (50-day simple moving average) and the nearest support is Rs 611.68 (200-day exponential moving average). A sustained move above Rs 695.76 would improve the short-term setup, while a close below Rs 611.68 would shift attention to the next support.
12 Month Himadri Speciality Chemical Target Price for 2027
The 12-month target for Himadri Speciality Chemical is Rs 792: forward EPS of Rs 19.13 at a PE of 41.41. That is 21.5% above Rs 651.85. It would still leave the stock 3.4% below its 52-week high of Rs 819.50.
How EPS Growth and PE Multiple Change the Himadri Speciality Chemical Target Price
| EPS Growth | PE 33.13 | PE 41.41 | PE 47.62 |
|---|---|---|---|
| 0.0% (EPS Rs 15.94) | Rs 528 | Rs 660 | Rs 759 |
| 20.0% (EPS Rs 19.13) | Rs 634 | Rs 792 | Rs 911 |
| 25.0% (EPS Rs 19.93) | Rs 660 | Rs 825 | Rs 949 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Himadri Speciality Chemical price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Himadri Speciality Chemical Stock Target in 2027
Bull Case Rs 949
The bull case Himadri Speciality Chemical price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 19.93, and a PE multiple that rises 15% to 47.62. That gives Rs 949, 45.6% above the current price and above the 52-week high of Rs 819.50, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 528
The downside risk level is not a target. It assumes EPS stays flat at Rs 15.94 and the PE falls 20% to 33.13. That gives Rs 528, 19.0% below the current price and above the 52-week low of Rs 418.50.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 47.62 | Rs 949 | +45.6% |
| Base Case | 20.0% | 41.41 | Rs 792 | +21.5% |
| Downside Risk | 0.0% | 33.13 | Rs 528 | -19.0% |
Key Risks to the Himadri Speciality Chemical Target Price for 2027
Growth Slowdown Risk for the Himadri Speciality Chemical Price Target
Revenue in the June 2026 quarter was up 30.0% year on year, and FY26 revenue growth was 3.6%. If growth slows from here, the EPS estimate behind the Himadri Speciality Chemical stock target will need revising.
Liquidity and Size Risk
Himadri Speciality Chemical has a market capitalisation of Rs 33,302 crore. Institutional holding is 10.13%, and promoters hold 52.49%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 15.6% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 41.41 versus an industry PE of 36.60, a de-rating toward the downside-risk PE of 33.13 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 20.5% below its 52-week high, with an RSI of 37.5 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Himadri Speciality Chemical
Start with the live price and volume. Any Himadri Speciality Chemical share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 651.85 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Himadri Speciality Chemical’s PE, ROE, debt and shareholding in one place.
Check Himadri Speciality Chemical fundamentals on the Univest Screener
Then compare the three Himadri Speciality Chemical target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Himadri Speciality Chemical live price and get daily stock recommendations.
Conclusion
The Himadri Speciality Chemical share price target for 2027 is Rs 792 in the base case, with Rs 949 as the bull case. The support for that view is arithmetic you can check: EPS grew 28.1% a year over FY24 to FY26, and the stock trades at a PE of 41.41. The risks are equally concrete, including a stock that sits 20.5% below its 52-week high and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Himadri Speciality Chemical Share Price Target 2027
What is the Himadri Speciality Chemical share price target for 2027?
Ans. The base-case Himadri Speciality Chemical share price target for 2027 is Rs 792, with Rs 949 as the bull case. The downside risk level, which is not a target, is Rs 528. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Himadri Speciality Chemical share price today?
Ans. As of 9 October 2026, 1:18 PM IST, Himadri Speciality Chemical trades at Rs 651.85, down 1.24% on the day. The 52-week range is Rs 418.50 to Rs 819.50.
Is Himadri Speciality Chemical a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 28.1% a year over FY24 to FY26, but the stock is 20.5% below its 52-week high. Whether Himadri Speciality Chemical fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Himadri Speciality Chemical shares?
Ans. The bull case target is Rs 949, which assumes 25.0% EPS growth and a PE of 47.62. The downside risk level is Rs 528, which assumes flat EPS and a PE of 33.13. It marks a risk, not a target.
What are the main risks to the Himadri Speciality Chemical price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 33,302 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Himadri Speciality Chemical and how does it compare with the industry?
Ans. The PE ratio of Himadri Speciality Chemical is 41.41 against an industry PE of 36.60. Price to book is 7.08 and return on equity is 15.96%. The base case in the Himadri Speciality Chemical price target holds this PE constant.
Who owns Himadri Speciality Chemical, and what is the promoter holding?
Ans. Promoters held 52.49% of Himadri Speciality Chemical in June 2026. FII held 6.80%, DII held 3.33% and the public held 37.37%.
What were Himadri Speciality Chemical’s latest quarterly results?
Ans. In the June 2026 quarter, Himadri Speciality Chemical reported revenue of Rs 1,488 crore (up 30.0% year on year) and net profit of Rs 228.43 crore (up 27.4%).