{"id":325626,"date":"2026-10-23T16:20:36","date_gmt":"2026-10-23T10:50:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=325626"},"modified":"2026-10-23T16:20:36","modified_gmt":"2026-10-23T10:50:36","slug":"himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/","title":{"rendered":"Himadri Speciality Share Price Posts Its Biggest Weekly Fall Since 2008: What Q2 FY27 Margins, Valuation and Guidance Say"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Himadri Speciality share price closed near Rs 492 on NSE on 23 Oct 2026, down 5.91% on the day, which extended a losing streak to six sessions. The headline report puts the weekly decline at 27.4%, the biggest weekly fall since 2008, and my close-to-close calculation from weekly candles gives about 25%. The fall followed Q2 FY27 results in which profit rose 31% but the EBITDA margin slipped.<\/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 share price has fallen sharply because the Q2 FY27 results showed strong growth in revenue and profit but a lower margin. Consolidated revenue rose 57.9% to Rs 1,691 crore and net profit rose 31.3% to Rs 231 crore, yet EBITDA per tonne slipped to about Rs 21,000 from Rs 22,700 in the previous quarter. Management blamed higher container freight costs, a lag in passing on raw material prices and a larger share of exports. This is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>Himadri Speciality share price had been a favourite of long-term holders after a strong run in 2026, so a weekly drop of this size has caught many investors off guard. The company makes carbon black, speciality chemicals and advanced battery materials, and it reported results that look healthy on the surface.<\/p>\n<p>This article on Himadri Speciality share price covers today&#8217;s close, the weekly fall, the Q2 FY27 numbers, why margins slipped, the guidance, the valuation and the risks. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\">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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Himadri_Speciality_Share_Price_Today\" title=\"Himadri Speciality Share Price Today\">Himadri Speciality Share Price 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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#How_Big_Is_the_Fall_in_Himadri_Speciality_Share_Price\" title=\"How Big Is the Fall in Himadri Speciality Share Price?\">How Big Is the Fall in Himadri Speciality Share Price?<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Q2_FY27_Results_Behind_the_Himadri_Speciality_Share_Price\" title=\"Q2 FY27 Results Behind the Himadri Speciality Share Price\">Q2 FY27 Results Behind the Himadri Speciality Share Price<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Why_Margins_Slipped_EBITDA_Per_Tonne\" title=\"Why Margins Slipped: EBITDA Per Tonne\">Why Margins Slipped: EBITDA Per Tonne<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Guidance_Capex_and_Projects\" title=\"Guidance, Capex and Projects\">Guidance, Capex and Projects<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Himadri_Speciality_Share_Price_Valuation\" title=\"Himadri Speciality Share Price Valuation\">Himadri Speciality Share Price Valuation<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Risks_for_the_Himadri_Speciality_Share_Price\" title=\"Risks for the Himadri Speciality Share Price\">Risks for the Himadri Speciality Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Himadri_Speciality_Share_Price_Investor_Views\" title=\"Himadri Speciality Share Price: Investor Views\">Himadri Speciality Share Price: Investor Views<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#What_to_Watch_Next_on_the_Himadri_Speciality_Share_Price\" title=\"What to Watch Next on the Himadri Speciality Share Price\">What to Watch Next on the Himadri Speciality Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#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-11\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#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-12\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Why_is_Himadri_Speciality_share_price_falling\" title=\"Why is Himadri Speciality share price falling?\">Why is Himadri Speciality share price falling?<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#How_much_has_Himadri_Speciality_share_price_fallen_this_week\" title=\"How much has Himadri Speciality share price fallen this week?\">How much has Himadri Speciality share price fallen this week?<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#What_were_Himadri_Specialitys_Q2_FY27_results\" title=\"What were Himadri Speciality&#8217;s Q2 FY27 results?\">What were Himadri Speciality&#8217;s Q2 FY27 results?<\/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\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#Is_Himadri_Speciality_share_price_attractive_at_current_levels\" title=\"Is Himadri Speciality share price attractive at current levels?\">Is Himadri Speciality share price attractive at current levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#What_is_Himadri_Specialitys_profit_guidance\" title=\"What is Himadri Speciality&#8217;s profit guidance?\">What is Himadri Speciality&#8217;s profit guidance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#What_are_the_risks_to_Himadri_Speciality_share_price\" title=\"What are the risks to Himadri Speciality share price?\">What are the risks to Himadri Speciality share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#What_should_investors_watch_next_for_Himadri_Speciality\" title=\"What should investors watch next for Himadri Speciality?\">What should investors watch next for Himadri Speciality?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/himadri-speciality-share-price-biggest-weekly-fall-since-2008-q2-fy27-ebitda-per-tonne-margin-valuation-guidance\/#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_Share_Price_Today\"><\/span><strong>Himadri Speciality Share Price 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;\">Himadri Speciality share price: point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level on 23 Oct 2026 (NSE, about 4:12 PM)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 522.90<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 520.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 521.55<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 490.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last traded price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 492.00, down 5.91%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 36.1 lakh shares<\/td>\n<\/tr>\n<\/table>\n<p>The stock opened close to the previous close and sold off steadily, with the day low about 6.3% below the previous close (my calculation). Himadri Speciality share price is now at the level it traded at in mid April 2026, before a strong rally began. That means much of the rise since April has been given up in a single week.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Himadri Speciality share price and set alerts on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Big_Is_the_Fall_in_Himadri_Speciality_Share_Price\"><\/span><strong>How Big Is the Fall in Himadri Speciality Share Price?<\/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;\">Himadri Speciality share price: reference<\/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;\">Gap from Rs 492 (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weekly close before the fall (week of 12 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 660.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 25.5% lower<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High of 2026 so far (week of 20 Jul)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 819.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 40.0% lower<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weekly close in mid April (week of 13 Apr)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 493.55<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About level<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low of the past year (week of 24 Nov 2025)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 418.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 17.6% higher<\/td>\n<\/tr>\n<\/table>\n<p>The headline reports a weekly decline of 27.4%, which may be measured from a different reference price than my weekly-candle calculation of about 25%. Either way, Himadri Speciality share price has lost about two fifths of its value from the July high. The weekly volume of about 2.3 crore shares was about four times the previous week&#8217;s volume (my calculation), which shows heavy selling during the weekly fall.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_Himadri_Speciality_Share_Price\"><\/span><strong>Q2 FY27 Results Behind the Himadri Speciality Share Price<\/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;\">Himadri Speciality share price: consolidated Q2 FY27 (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,691<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,071<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 57.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">303<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">238<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 27.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 17.9%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22.2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 4.3 points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">231<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">176<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 31.3%<\/td>\n<\/tr>\n<\/table>\n<p>Revenue grew much faster than EBITDA, which is why the margin fell. For the first half of FY27, revenue was Rs 3,123 crore, up 43%, EBITDA was Rs 616 crore, up 30%, and net profit was Rs 460 crore, up 29%. Management said all three were above its own guidance of Rs 3,000 crore, Rs 600 crore and Rs 450 crore, so the results were not a miss on profit.<\/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 get stock alerts and track results and brokerage calls.<\/em><\/p>\n<p><strong>Data note:<\/strong> Quarterly figures are from the company&#8217;s Q2 FY27 press release and earnings call report. Data providers may show slightly different totals because of how other income is treated.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Margins_Slipped_EBITDA_Per_Tonne\"><\/span><strong>Why Margins Slipped: EBITDA Per Tonne<\/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;\">Himadri Speciality share price: EBITDA per tonne<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 17,900<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 22,700<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 21,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management&#8217;s stated range over time<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 20,000 to Rs 24,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Export share of sales, Q2 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33%, against 26% a year earlier<\/td>\n<\/tr>\n<\/table>\n<p>EBITDA per tonne is up from a year ago but fell from the previous quarter, and the market reacted to the sequential fall. Management gave three reasons: higher container freight costs, a lag in passing on higher raw material prices to customers and a bigger export mix. Since the Himadri Speciality share price had priced in strong margins, even a small fall hurt.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Guidance_Capex_and_Projects\"><\/span><strong>Guidance, Capex and Projects<\/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;\">Himadri Speciality share price: management plan<\/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;\">Profit target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit above Rs 1,100 crore by FY28, reiterated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Carbon black capacity use<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">88% in Q2, guided at 88% to 95%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 250 crore in Q2; Rs 800 crore to Rs 900 crore planned for FY27 out of about Rs 1,500 crore, funded by internal accruals<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Carbon nanotubes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">200 tonnes expected in Q4 FY27<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">LFP cathode material<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,000 tonnes trial production in Q3 FY27; the 40,000 tonne plant is deferred to the end of FY28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Birla Tyres<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Proposed demerger from Dalmia Bharat Refractories into Himadri, subject to approvals; breakeven targeted in FY27<\/td>\n<\/tr>\n<\/table>\n<p>The deferral of the large LFP cathode plant to the end of FY28 is a detail that investors in the Himadri Speciality share price should note, since battery materials are a key part of the long-term story. On the other hand, funding the capex from internal accruals keeps the balance sheet light, with debt to equity at about 0.23 according to data provider figures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Himadri_Speciality_Share_Price_Valuation\"><\/span><strong>Himadri Speciality Share Price Valuation<\/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;\">Himadri Speciality share price: valuation measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 17.03<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E at Rs 492 (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 28.9 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.92 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 101.77<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 492 (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4.8 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.65%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.15%<\/td>\n<\/tr>\n<\/table>\n<p>At about 28.9 times trailing earnings, Himadri Speciality share price now trades below the industry multiple of 33.92, which was not the case at the July high. Net profit has grown from Rs 39.05 crore in FY22 to Rs 755.07 crore in FY26, about 19 times in four years (my calculation). A lower price does not make a stock safe, so the quality of future earnings matters more than the multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_for_the_Himadri_Speciality_Share_Price\"><\/span><strong>Risks for the Himadri Speciality Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Margin pressure.<\/strong> A further fall in EBITDA per tonne below Rs 20,000 would hurt earnings and sentiment.<\/li>\n<li><strong>Freight and raw material costs.<\/strong> Delays in passing on costs reduce margins when prices rise quickly.<\/li>\n<li><strong>Export dependence.<\/strong> A 33% export share raises exposure to freight rates and global demand.<\/li>\n<li><strong>Project execution.<\/strong> The battery materials and carbon nanotube projects need to start on time and win customers.<\/li>\n<li><strong>Birla Tyres.<\/strong> The tyre business is near breakeven and the demerger needs approvals.<\/li>\n<li><strong>Sentiment.<\/strong> Stocks that fall this fast can stay volatile until the selling is exhausted.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Himadri_Speciality_Share_Price_Investor_Views\"><\/span><strong>Himadri Speciality Share Price: Investor Views<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Long-term investors can check whether the growth plan for battery materials and speciality products is intact, since a market reaction to one quarter does not change that on its own. Short-term traders may watch whether the stock holds the Rs 490 zone, the day low, and whether volumes fall as the selling slows. Cautious investors may prefer to wait for the Q3 FY27 numbers and the EBITDA per tonne trend. This is an educational view and not advice.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_the_Himadri_Speciality_Share_Price\"><\/span><strong>What to Watch Next on the Himadri Speciality Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The closing price against Rs 490 and the mid April level of about Rs 493<\/li>\n<li>EBITDA per tonne in Q3 FY27 against the Rs 20,000 to Rs 24,000 range<\/li>\n<li>Container freight and raw material cost trends<\/li>\n<li>Progress on the LFP cathode trial and carbon nanotube projects<\/li>\n<li>Approvals for the Birla Tyres demerger<\/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 share price fell 5.91% to about Rs 492, capping a weekly drop reported at 27.4%, even though Q2 FY27 profit rose 31% to Rs 231 crore. The market is reacting to a lower margin and EBITDA per tonne of about Rs 21,000. Read the filings and decide on your own horizon.<\/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=\"Why_is_Himadri_Speciality_share_price_falling\"><\/span><strong>Why is Himadri Speciality share price falling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock is reacting to Q2 FY27 results in which EBITDA per tonne slipped to about Rs 21,000 from Rs 22,700 in the previous quarter, so the margin fell. Management cited higher container freight costs, a lag in passing on raw material prices and a larger export share of 33%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_has_Himadri_Speciality_share_price_fallen_this_week\"><\/span><strong>How much has Himadri Speciality share price fallen this week?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline reports a weekly decline of 27.4%, the biggest since 2008. My close-to-close calculation from weekly candles gives about 25%, from Rs 660.70 to about Rs 492, and the stock is about 40% below its July high of Rs 819.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Himadri_Specialitys_Q2_FY27_results\"><\/span><strong>What were Himadri Speciality&#8217;s Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated revenue was Rs 1,691 crore, up 57.9%, EBITDA was Rs 303 crore, up 27.5%, and net profit was Rs 231 crore, up 31.3% from a year earlier. For H1 FY27, net profit was Rs 460 crore, up 29%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Himadri_Speciality_share_price_attractive_at_current_levels\"><\/span><strong>Is Himadri Speciality share price attractive at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At about 28.9 times trailing earnings, it trades below the industry P\/E of 33.92 and at about 4.8 times book value. A lower multiple does not mean the stock is good value, so check whether margins stabilise after the weekly fall.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Himadri_Specialitys_profit_guidance\"><\/span><strong>What is Himadri Speciality&#8217;s profit guidance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Management reiterated net profit above Rs 1,100 crore by FY28 and EBITDA per tonne in the range of Rs 20,000 to Rs 24,000 over time. It guided carbon black capacity utilisation at 88% to 95%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_to_Himadri_Speciality_share_price\"><\/span><strong>What are the risks to Himadri Speciality share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Risks include further pressure on EBITDA per tonne, freight and raw material cost swings, export dependence, project execution on battery materials and the Birla Tyres demerger approvals. Check each against company filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_investors_watch_next_for_Himadri_Speciality\"><\/span><strong>What should investors watch next for Himadri Speciality?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Watch the Rs 490 support zone, EBITDA per tonne in Q3 FY27, cost trends, project updates and the demerger approvals. This is educational and not investment advice.<\/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 to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Himadri Speciality share price falling?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock is reacting to Q2 FY27 results in which EBITDA per tonne slipped to about Rs 21,000 from Rs 22,700 in the previous quarter, so the margin fell. Management cited higher container freight costs, a lag in passing on raw material prices and a larger export share of 33%.\"}},{\"@type\":\"Question\",\"name\":\"How much has Himadri Speciality share price fallen this week?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline reports a weekly decline of 27.4%, the biggest since 2008. My close-to-close calculation from weekly candles gives about 25%, from Rs 660.70 to about Rs 492, and the stock is about 40% below its July high of Rs 819.50.\"}},{\"@type\":\"Question\",\"name\":\"What were Himadri Speciality's Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Consolidated revenue was Rs 1,691 crore, up 57.9%, EBITDA was Rs 303 crore, up 27.5%, and net profit was Rs 231 crore, up 31.3% from a year earlier. 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It guided carbon black capacity utilisation at 88% to 95%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks to Himadri Speciality share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Risks include further pressure on EBITDA per tonne, freight and raw material cost swings, export dependence, project execution on battery materials and the Birla Tyres demerger approvals. Check each against company filings.\"}},{\"@type\":\"Question\",\"name\":\"What should investors watch next for Himadri Speciality?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Watch the Rs 490 support zone, EBITDA per tonne in Q3 FY27, cost trends, project updates and the demerger approvals. This is educational and not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Himadri Speciality share price fell 6% to Rs 492, a weekly drop reported at 27.4%. Q2 FY27 profit rose 31% but margin slipped. EBITDA per tonne, valuation, guidance and risks explained.<\/p>\n","protected":false},"author":28,"featured_media":325625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[15536,15535,15533,15534,9023,15531,12140,15537,15532,15538],"class_list":["post-325626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-himadri-battery-materials","tag-himadri-birla-tyres","tag-himadri-carbon-black","tag-himadri-ebitda-per-tonne","tag-himadri-speciality-chemical","tag-himadri-speciality-q2-results","tag-himadri-speciality-share-price","tag-himadri-speciality-valuation","tag-himadri-speciality-weekly-fall","tag-hscl-share-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["325625"],"rank_math_title":["Himadri Speciality Share Price: Biggest Weekly Fall Since 2008"],"rank_math_description":["Himadri Speciality share price fell 6% on 23 Oct, extending a six-session losing streak. See Q2 FY27 profit, the EBITDA per tonne dip, valuation, guidance and key risks."],"rank_math_focus_keyword":["Himadri Speciality share price"],"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\/himadri-speciality-share-price-posts-its-biggest-weekly-fall-since-2008-what-q2.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325626","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\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=325626"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325626\/revisions"}],"predecessor-version":[{"id":325627,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/325626\/revisions\/325627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/325625"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=325626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=325626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=325626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}