Himadri Speciality Chemical Limited (HSCL) - Net Assets

Latest as of September 2025: Rs40.96 Billion INR ≈ $443.01 Million USD

Based on the latest financial reports, Himadri Speciality Chemical Limited (HSCL) has net assets worth Rs40.96 Billion INR (≈ $443.01 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs55.18 Billion ≈ $596.72 Million USD) and total liabilities (Rs14.21 Billion ≈ $153.70 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HSCL financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs40.96 Billion
% of Total Assets	74.24%
Annual Growth Rate	26.01%
5-Year Change	110.41%
10-Year Change	345.27%
Growth Volatility	67.58

Himadri Speciality Chemical Limited - Net Assets Trend (2005–2025)

This chart illustrates how Himadri Speciality Chemical Limited's net assets have evolved over time, based on quarterly financial data. Also explore HSCL current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Himadri Speciality Chemical Limited (2005–2025)

The table below shows the annual net assets of Himadri Speciality Chemical Limited from 2005 to 2025. For live valuation and market cap data, see HSCL market cap.

Year	Net Assets	Change
2025-03-31	Rs37.71 Billion ≈ $407.81 Million	+23.93%
2024-03-31	Rs30.43 Billion ≈ $329.07 Million	+33.59%
2023-03-31	Rs22.78 Billion ≈ $246.32 Million	+22.13%
2022-03-31	Rs18.65 Billion ≈ $201.69 Million	+4.06%
2021-03-31	Rs17.92 Billion ≈ $193.82 Million	+3.38%
2020-03-31	Rs17.34 Billion ≈ $187.49 Million	+6.27%
2019-03-31	Rs16.31 Billion ≈ $176.44 Million	+15.35%
2018-03-31	Rs14.14 Billion ≈ $152.96 Million	+37.36%
2017-03-31	Rs10.30 Billion ≈ $111.36 Million	+21.59%
2016-03-31	Rs8.47 Billion ≈ $91.59 Million	+7.36%
2015-03-31	Rs7.89 Billion ≈ $85.31 Million	-0.92%
2014-03-31	Rs7.96 Billion ≈ $86.10 Million	-10.34%
2013-03-31	Rs8.88 Billion ≈ $96.03 Million	-0.90%
2012-03-31	Rs8.96 Billion ≈ $96.91 Million	+5.94%
2011-03-31	Rs8.46 Billion ≈ $91.47 Million	+14.88%
2010-03-31	Rs7.36 Billion ≈ $79.62 Million	+91.82%
2009-03-31	Rs3.84 Billion ≈ $41.51 Million	+12.57%
2008-03-31	Rs3.41 Billion ≈ $36.87 Million	+42.31%
2007-03-31	Rs2.40 Billion ≈ $25.91 Million	+312.08%
2006-03-31	Rs581.42 Million ≈ $6.29 Million	+57.10%
2005-03-31	Rs370.10 Million ≈ $4.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Himadri Speciality Chemical Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 368319.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs22.58 Billion	60.68%
Common Stock	Rs493.80 Million	1.33%
Other Comprehensive Income	Rs4.05 Billion	10.87%
Other Components	Rs10.09 Billion	27.12%
Total Equity	Rs37.22 Billion	100.00%

Himadri Speciality Chemical Limited Competitors by Market Cap

The table below lists competitors of Himadri Speciality Chemical Limited ranked by their market capitalization.

Company	Market Cap
Joincare Pharmaceutical Group Industry Co Ltd SHG:600380	$2.93 Billion
Vapores SN:VAPORES	$2.93 Billion
Western Union Co NYSE:WU	$2.93 Billion
Kennametal Inc NYSE:KMT	$2.93 Billion
Shanghai Bairun Flavor & Fragrance Co Ltd SHE:002568	$2.92 Billion
Becle S.A.B. de C.V MX:CUERVO	$2.92 Billion
Provident Financial Services Inc NYSE:PFS	$2.92 Billion
Solusi Tunas Pratama Tbk JK:SUPR	$2.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Himadri Speciality Chemical Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 30,455,752,000 to 37,217,400,000, a change of 6,761,648,000 (22.2%).
Net income of 5,556,336,000 contributed positively to equity growth.
Dividend payments of 246,800,000 reduced retained earnings.
Share repurchases of 924,427,000 reduced equity.
New share issuances of 924,500,000 increased equity.
Other comprehensive income increased equity by 1,040,849,000.
Other factors increased equity by 411,190,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs5.56 Billion	+14.93%
Dividends Paid	Rs246.80 Million	-0.66%
Share Repurchases	Rs924.43 Million	-2.48%
Share Issuances	Rs924.50 Million	+2.48%
Other Comprehensive Income	Rs1.04 Billion	+2.8%
Other Changes	Rs411.19 Million	+1.1%
Total Change	Rs-	22.20%

Book Value vs Market Value Analysis

This analysis compares Himadri Speciality Chemical Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 7.16x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 369.61x to 7.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs1.45	Rs536.20	x
2006-03-31	Rs2.28	Rs536.20	x
2007-03-31	Rs8.68	Rs536.20	x
2008-03-31	Rs10.45	Rs536.20	x
2009-03-31	Rs11.09	Rs536.20	x
2010-03-31	Rs21.19	Rs536.20	x
2011-03-31	Rs21.87	Rs536.20	x
2012-03-31	Rs22.09	Rs536.20	x
2013-03-31	Rs22.99	Rs536.20	x
2014-03-31	Rs20.63	Rs536.20	x
2015-03-31	Rs20.44	Rs536.20	x
2016-03-31	Rs21.92	Rs536.20	x
2017-03-31	Rs24.62	Rs536.20	x
2018-03-31	Rs33.81	Rs536.20	x
2019-03-31	Rs38.96	Rs536.20	x
2020-03-31	Rs41.42	Rs536.20	x
2021-03-31	Rs42.81	Rs536.20	x
2022-03-31	Rs44.58	Rs536.20	x
2023-03-31	Rs54.18	Rs536.20	x
2024-03-31	Rs67.89	Rs536.20	x
2025-03-31	Rs74.85	Rs536.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Himadri Speciality Chemical Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 14.93%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.05%
• Asset Turnover: 0.99x
• Equity Multiplier: 1.25x
Recent ROE (14.93%) is above the historical average (11.60%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	15.54%	4.62%	0.95x	3.52x	Rs20.49 Million
2006	41.35%	13.95%	0.70x	4.21x	Rs182.26 Million
2007	25.70%	18.89%	0.68x	2.00x	Rs376.11 Million
2008	24.32%	22.82%	0.59x	1.80x	Rs488.17 Million
2009	12.18%	12.45%	0.46x	2.13x	Rs83.66 Million
2010	14.62%	21.21%	0.39x	1.76x	Rs338.99 Million
2011	13.42%	16.18%	0.37x	2.22x	Rs288.74 Million
2012	6.40%	5.00%	0.51x	2.51x	Rs-321.50 Million
2013	1.06%	0.70%	0.56x	2.73x	Rs-792.31 Million
2014	-7.16%	-4.08%	0.56x	3.14x	Rs-1.37 Billion
2015	-1.58%	-0.86%	0.64x	2.84x	Rs-912.81 Million
2016	-2.19%	-1.57%	0.58x	2.40x	Rs-1.03 Billion
2017	8.04%	6.16%	0.61x	2.13x	Rs-202.35 Million
2018	17.49%	12.24%	0.79x	1.82x	Rs1.06 Billion
2019	19.87%	13.38%	0.87x	1.71x	Rs1.61 Billion
2020	11.85%	11.38%	0.70x	1.48x	Rs320.61 Million
2021	2.65%	2.83%	0.60x	1.56x	Rs-1.32 Billion
2022	2.19%	1.47%	0.81x	1.85x	Rs-1.46 Billion
2023	9.47%	5.18%	1.13x	1.61x	Rs-120.73 Million
2024	13.49%	9.82%	0.94x	1.46x	Rs1.06 Billion
2025	14.93%	12.05%	0.99x	1.25x	Rs1.83 Billion

Industry Comparison

This section compares Himadri Speciality Chemical Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $8,233,598,031
Average return on equity (ROE) among peers: 14.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Himadri Speciality Chemical Limited (HSCL)	Rs40.96 Billion	15.54%	0.35x	$2.93 Billion
Aarti Industries Limited (AARTIIND)	$16.55 Billion	20.11%	1.65x	$1.99 Billion
Aarti Surfactants Limited (AARTISURF)	$1.11 Billion	1.88%	1.36x	$37.34 Million
ABM International Limited (ABMINTLLTD)	$161.33 Million	4.08%	2.02x	$4.23 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$1.66 Billion	30.02%	1.39x	$420.87 Million
Aether Industries Limited (AETHER)	$22.26 Billion	7.12%	0.19x	$1.68 Billion
Akzo Nobel India Limited (AKZOINDIA)	$9.20 Billion	20.25%	0.96x	$1.45 Billion
Alkali Metals Limited (ALKALI)	$528.67 Million	5.51%	1.00x	$7.38 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$980.47 Million	17.95%	1.88x	$838.56 Million
Ami Organics Limited (AMIORG)	$576.82 Million	32.06%	1.70x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$29.31 Billion	4.39%	0.57x	$1.65 Billion

About Himadri Speciality Chemical Limited

NSE:HSCL India Specialty Chemicals

Market Cap

$2.93 Billion

Rs270.52 Billion INR

Market Cap Rank

#5009 Global

#219 in India

Share Price

Rs536.20

Change (1 day)

+2.50%

52-Week Range

Rs414.35 - Rs536.20

All Time High

Rs667.60