, a leading company in the chemicals sector, will be exploring the global market and high value added products to achieve ₹30,000 crore revenue from the battery materials business in the next six years,
The company’s speciality chemical is an integrated carbon and specialty chemical play with a full-stack value chain, ranging from coal tar distillation to high-margin downstream products like carbon black and specialty oils.
The company has shifted focus toward value-added products and derives about 30 per cent of its revenue from exports. It remains relatively insulated from the Iran war due to domestic sourcing of raw materials. With ₹371 crore net cash, 34 per cent ROCE, and diversified end markets, it offers downside protection. The company estimates an EPS of ₹21 for FY28.
Himadri plans to launch new high value added products every quarter with global ambitions in mind.
“The focus now is on high-value-added and specialty products, which is the paving way for the future growth of the company. If you look at our product profile, we are now into fully specialty chemicals. And every quarter we are adding more products, which is changing the entire dynamics of the company,” said Anurag Choudhary, Managing Director and CEO, Himadri Speciality Chemicals.
As part of its global foray, Himadri has taken an overseas base in Dubai to widen the playbook beyond domestic manufacturing. The new company, Ardent Impex FZCO, will give Himadri a foothold in one of the world’s busiest commercial corridors, with the focus now shifting to industrial chemicals and petrochemicals trading.
Himadri Speciality Chemicals will invest ₹1,300 crore in capital expenditure in FY27 in Lithium Iron Phosphate, Carbon Nano Tube, Super Speciality Carbon Black and other advanced high-value products. The company is also preparing for another investment cycle of about Rs 1,500 crore in the following year.
The company, which posted its highest ever revenue, EBITDA and profit in the first quarter of FY27, expects the trend to continue. “Our margins have grown steadily in the last three years,” said Choudhary.
Himadri recently increased its stake in the US-based battery technology company International Battery Company, Inc to 20.47 per cent with an additional investment of $0.66 million. It had also increased its investment in Australia-based Sicona Battery Technologies in May this year to further fuel its global footprint.