DSIJ Mindshare

The stock has delivered a multibagger return of 620.7 per cent over the last three years and a 27.88 per cent return in the past year.

For the nine-month period ending December 2024, Himadri recorded a 24 per cent increase in sales volumes, reaching 415,679 metric tons (MT), up from 335,265 MT during the same period last year.

The company's meticulous expansion plan includes Phase I, where a capacity of 40,000 MTPA will come to life at an estimated cost of Rs. 1,125 Crores, operational in 27 to 36 months at Odisha. Importantly, the capital expenditure for this phase will be predominantly sourced from internal accruals, supplemented by debt financing. At full utilization of this capacity, Himadri anticipates generating a revenue that is four times the initial capital expenditure, underlining a robust profitability and returns profile.

With a strong move on Wednesday, the stock has registered a fresh 4-month high, leaving investors eager to know what's next. 

Overall, we have noted a surge in the demand for all our products and are optimistic about steady growth in the upcoming quarters, believes Anurag Choudhary, Chairman and Managing Director of Himadri Speciality Chemical Ltd