Blab Business
Himadri Speciality Chemical Targets 30,000-Crore Battery-Materials Business Amid Global Expansion
On September 7, 2026, Himadri Speciality Chemical Ltd. set a new course for the next six years, announcing a ₹30,000‑crore revenue goal from battery‑materials sales. The company said it will hit the target by blending high‑margin lithium‑iron‑phosphate (LFP), carbon‑nanotube, and super‑specialty carbon‑black products.
The declaration came on the heels of a record first‑quarter FY27. Himadri posted revenue of ₹1,432 crore, EBITDA of ₹313 crore and a 16 % profit margin. Net cash stood at ₹371 crore and return on capital employed (ROCE) reached 34 %. Exports, which account for roughly 30 % of revenue, provide a buffer against regional geopolitical risks.
“Shifting to high‑value‑added and specialty products is the engine for future growth,” said Managing Director and CEO Anurag Choudhary. He added that the firm will launch a new product each quarter, a strategy he believes will reshape its competitive dynamics.
To underpin the expansion, Himadri plans a ₹1,300 crore capital‑expenditure (CAPEX) outlay in FY27 for LFP, carbon‑nanotube, and other advanced materials. The corporate plan calls for an additional ₹1,500 crore in FY28, aimed at scaling production capacity and securing supply chains for battery‑grade materials.
The company is also widening its global footprint with the creation of Ardent Impex FZCO in Dubai. The new entity will act as a trading hub for industrial chemicals and petrochemicals, positioning Himadri in one of the world’s busiest commercial corridors.
Himadri’s battery‑materials strategy is reinforced by recent equity stakes in international battery‑technology firms. The company increased its holding in International Battery Company, Inc. to 20.47 % with a $0.66 million investment and raised its stake in Australia‑based Sicona Battery Technologies earlier in May 2026.
Financial analysts note that the company’s earnings per share (EPS) is projected to reach ₹21 by FY28, a figure that aligns with the revenue target. Diversified end markets—automotive, consumer goods, and industrial applications—provide downside protection.
The push into battery materials comes as India’s electric‑vehicle (EV) market accelerates. LFP batteries are gaining traction for their safety and cost advantages, and Himadri’s focus on this chemistry positions it to capture a share of the growing domestic and export demand.
Beyond batteries, Himadri continues to develop specialty chemicals derived from coal‑tar distillation. The firm’s integrated value chain—from raw‑material processing to high‑margin downstream products such as carbon black and specialty oils—remains a core strength.
The company’s latest quarterly results, released in April 2026, showed a modest 1.27 % year‑over‑year revenue growth in Q2, driven by steady demand in core segments. Analysts highlighted Himadri’s ability to maintain margins amid commodity price volatility.
Looking ahead, Himadri’s management has outlined a roadmap that includes quarterly product launches, significant CAPEX, and strategic international investments. The FY27 earnings report is expected to confirm whether the planned expansion translates into the projected revenue growth.
In summary, Himadri Speciality Chemical is positioning itself as a global player in battery‑materials and specialty chemicals. With a clear capital‑investment plan, a growing international presence, and a focus on high‑margin products, the company aims to achieve a ₹30,000‑crore revenue target by FY30. Investors will watch the upcoming FY27 earnings release for indications of progress toward this goal.
The declaration came on the heels of a record first‑quarter FY27. Himadri posted revenue of ₹1,432 crore, EBITDA of ₹313 crore and a 16 % profit margin. Net cash stood at ₹371 crore and return on capital employed (ROCE) reached 34 %. Exports, which account for roughly 30 % of revenue, provide a buffer against regional geopolitical risks.
“Shifting to high‑value‑added and specialty products is the engine for future growth,” said Managing Director and CEO Anurag Choudhary. He added that the firm will launch a new product each quarter, a strategy he believes will reshape its competitive dynamics.
To underpin the expansion, Himadri plans a ₹1,300 crore capital‑expenditure (CAPEX) outlay in FY27 for LFP, carbon‑nanotube, and other advanced materials. The corporate plan calls for an additional ₹1,500 crore in FY28, aimed at scaling production capacity and securing supply chains for battery‑grade materials.
The company is also widening its global footprint with the creation of Ardent Impex FZCO in Dubai. The new entity will act as a trading hub for industrial chemicals and petrochemicals, positioning Himadri in one of the world’s busiest commercial corridors.
Himadri’s battery‑materials strategy is reinforced by recent equity stakes in international battery‑technology firms. The company increased its holding in International Battery Company, Inc. to 20.47 % with a $0.66 million investment and raised its stake in Australia‑based Sicona Battery Technologies earlier in May 2026.
Financial analysts note that the company’s earnings per share (EPS) is projected to reach ₹21 by FY28, a figure that aligns with the revenue target. Diversified end markets—automotive, consumer goods, and industrial applications—provide downside protection.
The push into battery materials comes as India’s electric‑vehicle (EV) market accelerates. LFP batteries are gaining traction for their safety and cost advantages, and Himadri’s focus on this chemistry positions it to capture a share of the growing domestic and export demand.
Beyond batteries, Himadri continues to develop specialty chemicals derived from coal‑tar distillation. The firm’s integrated value chain—from raw‑material processing to high‑margin downstream products such as carbon black and specialty oils—remains a core strength.
The company’s latest quarterly results, released in April 2026, showed a modest 1.27 % year‑over‑year revenue growth in Q2, driven by steady demand in core segments. Analysts highlighted Himadri’s ability to maintain margins amid commodity price volatility.
Looking ahead, Himadri’s management has outlined a roadmap that includes quarterly product launches, significant CAPEX, and strategic international investments. The FY27 earnings report is expected to confirm whether the planned expansion translates into the projected revenue growth.
In summary, Himadri Speciality Chemical is positioning itself as a global player in battery‑materials and specialty chemicals. With a clear capital‑investment plan, a growing international presence, and a focus on high‑margin products, the company aims to achieve a ₹30,000‑crore revenue target by FY30. Investors will watch the upcoming FY27 earnings release for indications of progress toward this goal.
