What is Himadri Speciality Chemical Financial Strength?
Himadri Speciality Chemical has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Himadri Speciality Chemical Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Himadri Speciality Chemical's Interest Coverage for the quarter that ended in Mar. 2024 was 9.76.
Himadri Speciality Chemical's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.13.
As of today, Himadri Speciality Chemical's Altman Z-Score is 9.19.
Competitive Comparison of Himadri Speciality Chemical's Financial Strength
For the Specialty Chemicals subindustry, Himadri Speciality Chemical's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Himadri Speciality Chemical's Financial Strength Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Himadri Speciality Chemical's Financial Strength distribution charts can be found below:
* The bar in red indicates where Himadri Speciality Chemical's Financial Strength falls into.
Himadri Speciality Chemical Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Himadri Speciality Chemical's Interest Expense for the
months ended in Mar. 2024 was ₹-162 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹1,579 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹246 Mil.
Himadri Speciality Chemical's Interest Coverage for the quarter that ended in Mar. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Himadri Speciality Chemical's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Himadri Speciality Chemical has a Z-score of 9.19, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 9.19 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Himadri Speciality Chemical (BOM:500184) Business Description
Traded in Other Exchanges
Address
India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001
Himadri Speciality Chemical Ltd is an Indian Coal Tar Pitch manufacturer with supplies to aluminium and graphite manufacturers. The company operates its business through two segments, which include Carbon Materials and chemicals; and Power. Through its operating segments, the company serves coal tar pitch to various industries to help manufacture aluminum, graphite electrodes, warhead missiles, lithium-ion batteries, and sulphonated naphthalene formaldehyde. Himadri also generates power through the windmills, which is marketed to the state electricity grid. Most of its revenue gets derived from the Carbon materials and chemicals segment. The group has a business presence in India and Outside India.
Himadri Speciality Chemical (BOM:500184) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:500184 has been successfully added to your