{"id":308021,"date":"2026-10-14T15:03:17","date_gmt":"2026-10-14T09:33:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=308021"},"modified":"2026-10-14T15:03:17","modified_gmt":"2026-10-14T09:33:17","slug":"multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/","title":{"rendered":"Multibagger Chemical Stock Himadri Speciality Up 40% in Last 6 Months: Should Investors Buy or Hold? Experts Decode"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Himadri Speciality Chemical: Rs 662.55 on 14 Oct 2026 (12:44 pm), up about 40.8% in six months. 52-week range Rs 418.50 to Rs 819.50, so the stock is about 19% below its high (my calculation). P\/E about 42, P\/B about 7.2, market cap about Rs 33,302 crore. Plans a 100 GWh battery materials facility; capex not disclosed.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Himadri Speciality Chemical has gained about 40% in six months and still trades about 19% below its 52-week high of Rs 819.50, so the stock has had a sharp correction inside a strong run. The company is shifting from coal tar pitch and carbon black toward advanced materials and plans a 100 GWh battery materials facility that it says could add about Rs 30,000 crore of revenue over five years. At about 42 times earnings and 7.2 times book value, the market already prices in much of that plan, and the capex and location are not yet disclosed. Holding makes sense for long term investors who accept the execution risk, while fresh buyers may prefer to wait for details and a better entry.<\/p>\n<\/p><\/div>\n<p>Himadri Speciality Chemical is a carbon materials company that makes coal tar pitch, carbon black and, increasingly, battery materials such as LFP cathode and anode. The stock has been one of the strong chemical performers of 2026.<\/p>\n<p>This guide explains the six month rise in Himadri Speciality shares, the 100 GWh plan, the valuation, the key levels and the risks, so you can judge buy or hold for yourself. Where I calculate a figure myself, I label it.<\/p>\n<p>A multibagger label looks backward, so the question for Himadri Speciality now is whether the battery plan can justify today&#8217;s price.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Himadri_Speciality_Chemical_Share_Price_and_Valuation_Today\" title=\"Himadri Speciality Chemical Share Price and Valuation Today\">Himadri Speciality Chemical Share Price and Valuation Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#The_100_GWh_Battery_Materials_Plan_at_Himadri_Speciality_Chemical\" title=\"The 100 GWh Battery Materials Plan at Himadri Speciality Chemical\">The 100 GWh Battery Materials Plan at Himadri Speciality Chemical<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Himadri_Speciality_Chemical_Financials_What_the_Numbers_Show\" title=\"Himadri Speciality Chemical Financials: What the Numbers Show\">Himadri Speciality Chemical Financials: What the Numbers Show<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Buy_or_Hold_What_Experts_and_Levels_Say\" title=\"Buy or Hold: What Experts and Levels Say\">Buy or Hold: What Experts and Levels Say<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#What_to_Watch_Next_for_Himadri_Speciality_Chemical\" title=\"What to Watch Next for Himadri Speciality Chemical\">What to Watch Next for Himadri Speciality Chemical<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Is_Himadri_Speciality_Chemical_a_buy_or_hold\" title=\"Is Himadri Speciality Chemical a buy or hold?\">Is Himadri Speciality Chemical a buy or hold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#How_much_has_Himadri_Speciality_shares_risen_in_six_months\" title=\"How much has Himadri Speciality shares risen in six months?\">How much has Himadri Speciality shares risen in six months?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#What_is_the_100_GWh_battery_materials_plan\" title=\"What is the 100 GWh battery materials plan?\">What is the 100 GWh battery materials plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#What_is_the_valuation_of_Himadri_Speciality_Chemical\" title=\"What is the valuation of Himadri Speciality Chemical?\">What is the valuation of Himadri Speciality Chemical?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#What_are_the_key_levels_for_Himadri_Speciality_shares\" title=\"What are the key levels for Himadri Speciality shares?\">What are the key levels for Himadri Speciality shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Is_Himadri_Speciality_Chemical_debt_free\" title=\"Is Himadri Speciality Chemical debt free?\">Is Himadri Speciality Chemical debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#What_are_the_risks_for_Himadri_Speciality_shares\" title=\"What are the risks for Himadri Speciality shares?\">What are the risks for Himadri Speciality shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-chemical-stock-himadri-speciality-up-40-percent-in-last-6-months-should-investors-buy-or-hold-experts-decode\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Himadri_Speciality_Chemical_Share_Price_and_Valuation_Today\"><\/span><strong>Himadri Speciality Chemical Share Price and Valuation Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Share price (14 Oct, 12:44 pm)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 662.55<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE quote; BSE shown as Rs 660.80 in one place<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 418.50 to Rs 819.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 19% below the high (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Six month return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 40.8%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Matches the headline of about 40%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One month return<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About minus 0.35%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Flat in the last month<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 33,302 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 42<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book (P\/B)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 7.2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One rating service calls it very expensive<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter holding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">September 2026; FII holding 7.3%<\/td>\n<\/tr>\n<\/table>\n<p>The stock fell about 19% from its high and then held near Rs 660, which is the kind of correction the headline refers to. Himadri Speciality has a PEG ratio of about 1.6 and an ROE of about 16%, so the price asks investors to pay for growth that is still to arrive.<\/p>\n<p><strong>Risk:<\/strong> At 7.2 times book value, Himadri Speciality leaves little room for a delay in the battery projects or a fall in earnings.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen chemical and small-cap stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_100_GWh_Battery_Materials_Plan_at_Himadri_Speciality_Chemical\"><\/span><strong>The 100 GWh Battery Materials Plan at Himadri Speciality Chemical<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What is reported<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Scale<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100 GWh of cathode and anode materials for lithium-ion batteries<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One report writes 100 GW, so the unit needs checking<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue potential<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 30,000 crore of extra revenue over five years<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company estimate; about 6.5 times FY25 sales of Rs 4,596 crore (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capex and location<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not disclosed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Formal announcement expected in the coming weeks<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LFP cathode<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Phase 1 of 40,000 tonnes a year at Rs 1,125 crore capex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Initial 2,000 tonnes targeted for Q3 FY27, full year from FY29<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pilot<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">400 tonne pilot plant commissioned<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Validates the process before scale up<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Anode<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First plant in Mahistikry, Hooghly, with 200 tonnes a year initially<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Launch date not given<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return hurdle<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Invests only where return on capital employed is at least 30%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management statement<\/td>\n<\/tr>\n<\/table>\n<p>The plan builds on an earlier stake in International Battery Company, which gives Himadri Speciality access to battery technology, though the commercial terms were not disclosed. LFP capacity has been reported as 40,000 tonnes, 60,000 tonnes and a long term goal of 200,000 tonnes in different reports.<\/p>\n<p>The Rs 30,000 crore figure is a company estimate for a full build out, not a forecast for FY27 or FY28, so it should not be added to near term earnings.<\/p>\n<p><strong>Risk:<\/strong> Without a disclosed capex and funding plan, the 100 GWh plan at Himadri Speciality remains an intention, not a financial commitment.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Himadri Speciality and get stock alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Himadri_Speciality_Chemical_Financials_What_the_Numbers_Show\"><\/span><strong>Himadri Speciality Chemical Financials: What the Numbers Show<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY26 EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,006 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Highest ever, per a June report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY26 profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 755 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Highest ever<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27 revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,432 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another page shows Rs 1,488 crore for the same quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27 net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 228 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another page shows Rs 230 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.05<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Almost debt free<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Financial trend rating<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Flat<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One rating service; Hold with a score of 58<\/td>\n<\/tr>\n<\/table>\n<p>Profit has grown about 30% over the past year, and the balance sheet carries very little debt, which is a strength. The flat financial trend rating suggests that cost or margin pressure and cash flow need to be watched, since the battery build out will need large spending.<\/p>\n<p><strong>Risk:<\/strong> A large capex programme can weigh on free cash flow, so Himadri Speciality may need to borrow or raise funds for the 100 GWh plan.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buy_or_Hold_What_Experts_and_Levels_Say\"><\/span><strong>Buy or Hold: What Experts and Levels Say<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Source<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rating service, 7 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Overall rating Hold; quality good, valuation very expensive, technicals mildly bullish<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy on dips<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unnamed technical comment, 30 Jun<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support Rs 650 and target Rs 725; the target is now stale<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price above support<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 662.55 is only about 2% above Rs 650<\/td>\n<\/tr>\n<\/table>\n<p>I could not find the names of the experts quoted in the original headline, so I use the ratings and levels I could verify. The Rs 650 area is the nearest support, and a close below it would put the six month gain at risk.<\/p>\n<p>For a holder, a Hold view fits the data: the business is strong and debt is low, but the price already reflects a lot of the battery story. A new buyer could wait for the formal capex announcement or for a pullback toward the Rs 600 area, which is my illustration and not an analyst level.<\/p>\n<p><strong>Risk:<\/strong> Chemical and battery stocks are volatile, and a fall in global EV demand or lithium prices can hurt Himadri Speciality shares quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_Himadri_Speciality_Chemical\"><\/span><strong>What to Watch Next for Himadri Speciality Chemical<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The formal announcement of capex, location and funding for the 100 GWh plan<\/li>\n<li>Progress on the LFP cathode plant and the 2,000 tonne start in Q3 FY27<\/li>\n<li>Q2 FY27 results for revenue, margins and cash flow<\/li>\n<li>A close below Rs 650 or above the recent highs near Rs 700<\/li>\n<li>Changes in promoter holding of 52.5% or FII holding of 7.3%<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Himadri Speciality Chemical has a strong balance sheet, record profit and a large battery plan, but the stock is priced at about 42 times earnings after a 40% six month gain. Holders can stay invested with a watch on capex, while new buyers should wait for clarity.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Is_Himadri_Speciality_Chemical_a_buy_or_hold\"><\/span><strong>Is Himadri Speciality Chemical a buy or hold?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data supports a hold for existing investors, since valuation is high at about 42 times earnings and the 100 GWh capex is not yet disclosed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_Himadri_Speciality_shares_risen_in_six_months\"><\/span><strong>How much has Himadri Speciality shares risen in six months?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About 40.8% to Rs 662.55 on 14 October 2026, though the stock is about 19% below its 52-week high of Rs 819.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_100_GWh_battery_materials_plan\"><\/span><strong>What is the 100 GWh battery materials plan?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is a plan for cathode and anode materials that the company says could add about Rs 30,000 crore of revenue over five years. Capex and location are not disclosed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_Himadri_Speciality_Chemical\"><\/span><strong>What is the valuation of Himadri Speciality Chemical?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> P\/E is about 42 and P\/B about 7.2, with a market cap of about Rs 33,302 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_levels_for_Himadri_Speciality_shares\"><\/span><strong>What are the key levels for Himadri Speciality shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Support is near Rs 650 and the 52-week high is Rs 819.50. An earlier technical target of Rs 725 is stale.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Himadri_Speciality_Chemical_debt_free\"><\/span><strong>Is Himadri Speciality Chemical debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Almost. The debt to equity ratio is about 0.05 according to a rating service.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_for_Himadri_Speciality_shares\"><\/span><strong>What are the risks for Himadri Speciality shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A high valuation, delays or cost overruns in the battery projects, cash flow strain from capex and volatile EV demand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Is Himadri Speciality Chemical a buy or hold?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data supports a hold for existing investors, since valuation is high at about 42 times earnings and the 100 GWh capex is not yet disclosed.\"}},{\"@type\":\"Question\",\"name\":\"How much has Himadri Speciality shares risen in six months?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About 40.8% to Rs 662.55 on 14 October 2026, though the stock is about 19% below its 52-week high of Rs 819.50.\"}},{\"@type\":\"Question\",\"name\":\"What is the 100 GWh battery materials plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is a plan for cathode and anode materials that the company says could add about Rs 30,000 crore of revenue over five years. Capex and location are not disclosed.\"}},{\"@type\":\"Question\",\"name\":\"What is the valuation of Himadri Speciality Chemical?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"P\/E is about 42 and P\/B about 7.2, with a market cap of about Rs 33,302 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the key levels for Himadri Speciality shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Support is near Rs 650 and the 52-week high is Rs 819.50. An earlier technical target of Rs 725 is stale.\"}},{\"@type\":\"Question\",\"name\":\"Is Himadri Speciality Chemical debt free?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Almost. The debt to equity ratio is about 0.05 according to a rating service.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks for Himadri Speciality shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A high valuation, delays or cost overruns in the battery projects, cash flow strain from capex and volatile EV demand.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Himadri Speciality Chemical is up about 40% in six months. See the 100 GWh battery plan, valuation, key levels, risks and whether to buy or hold.<\/p>\n","protected":false},"author":36,"featured_media":308020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[12141,1151,9023,12140,3992],"class_list":["post-308021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-battery-materials","tag-chemical-stocks","tag-himadri-speciality-chemical","tag-himadri-speciality-share-price","tag-multibagger"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["308020"],"rank_math_title":["Himadri Speciality Up 40% in 6 Months: Buy or Hold? Risks"],"rank_math_description":["Himadri Speciality Chemical is up about 40% in six months after a 19% fall from its high. See the 100 GWh battery plan, 42 times earnings, levels, risks and buy or hold."],"rank_math_focus_keyword":["Himadri Speciality"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/multibagger-chemical-stock-himadri-speciality-up-40-in-last-6-months-should.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/308021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=308021"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/308021\/revisions"}],"predecessor-version":[{"id":308022,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/308021\/revisions\/308022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/308020"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=308021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=308021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=308021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}