{"id":103634,"date":"2023-05-31T16:00:00","date_gmt":"2023-05-31T10:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103634"},"modified":"2023-05-31T19:28:51","modified_gmt":"2023-05-31T13:58:51","slug":"stock-in-green-as-the-company-plans-to-enter-ev-battery-segment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-in-green-as-the-company-plans-to-enter-ev-battery-segment\/","title":{"rendered":"Stock in green as the company plans to enter EV battery segment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4205186590\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of \u20b9 5,541&nbsp; crores, Himadri Speciality Chemical Ltd. shares surged 3 % on Wednesday to reach an intraday high of \u20b9 129.20&nbsp; apiece from the previous close price of&nbsp; \u20b9 125.50.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-515277255\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This followed after the company acquired a 12.8% stake in&nbsp;Australian firm Sicona Battery Technologies (Sicona) for&nbsp; $10.32 million (Rs 58 crore).<\/p><p>Sicona specializes in lithium-ion battery high-capacity silicon anode technology. Himadri&#8217;s collaboration with Sicona Technology will help the firm to gain orders from battery manufacturers, and the company can cater to about 250 GWH (gigawatt hours) of cell manufacturing in India by 2030. As a result, the investment will accelerate Sicona&#8217;s development of unique products and technology, enabling it to support global battery clients.<\/p><p>Himadri Chemicals &amp; Industries Ltd (HCIL) manufactures coal tar by-products and their derivatives. It is India&#8217;s leading coal pitch producer and the country&#8217;s only manufacturer of complex carbon material. It is a major player in Naphthalene and SNF in India. The acquisition comes as the company plans to enter the EV battery segment.<\/p><div class=\"trade-content_5\" id=\"trade-640958476\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the company&#8217;s financials, its net profit increased by 23 % to&nbsp; Rs&nbsp; 1,028 crore in Q4FY23 from Rs 833 crore in Q4FY22. Further, revenue from operations increased by 944 % to Rs 76&nbsp; crore from a loss of&nbsp; Rs 9 crore in the corresponding quarter last year.<\/p><p>On a YoY comparison of the metrics, the revenues significantly improved from \u20b9 2,791 &nbsp; crores during FY 21-22 to \u20b9 4,171&nbsp; crores in FY 22-23. The PAT numbers have shifted upwards within the same timeframe, from \u20b9 39&nbsp; crores to 215&nbsp; crores.&nbsp;<\/p><p>Profitability ratios have improved in recent years. The ROE has increased from 2.19 percent in FY 21-22 to 9.47 percent in FY 22-23, while ROCE has increased from 5.57 percent to 15.48 percent during the same time period, and the debt-equity ratio is 0.37.<\/p><p>In the previous three months, the stock rose from \u20b9 83.50 to current levels with a return of 53.35 percent, and in the last year, the stock has gained from&nbsp; \u20b9 67.05 to current levels with a return of 90.98 percent.&nbsp;&nbsp;<\/p><p>According to the latest shareholding pattern, promoters of the company hold a 45.62 &nbsp; percent stake, and Foreign&nbsp; institutional investors (FIIs) hold a 2.36&nbsp; percent stake in the company for FY 22-23<\/p><p><strong>Written by Omkar C<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2037616310\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-956967805\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of \u20b9 5,541&nbsp; crores, Himadri Speciality Chemical Ltd. shares surged 3 % on Wednesday to reach an intraday high of \u20b9 129.20&nbsp; apiece from the previous close price of&nbsp; \u20b9 125.50. This followed after the company acquired a 12.8% stake in&nbsp;Australian firm Sicona Battery Technologies (Sicona) for&nbsp; $10.32 million (Rs 58 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock in green as the company plans to enter EV battery segment - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of \u20b9 5,541\u00a0 crores, Himadri Speciality Chemical Ltd. shares surged 3 % on Wednesday to reach an intraday high of \u20b9 129.20\u00a0 apiece from the previous close price of\u00a0 \u20b9 125.50.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-in-green-as-the-company-plans-to-enter-ev-battery-segment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock in green as the company plans to enter EV battery segment\" \/>\n<meta property=\"og:description\" content=\"With a market capitalization of \u20b9 5,541\u00a0 crores, Himadri Speciality Chemical Ltd. shares surged 3 % on Wednesday to reach an intraday high of \u20b9 129.20\u00a0 apiece from the previous close price of\u00a0 \u20b9 125.50.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-in-green-as-the-company-plans-to-enter-ev-battery-segment\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T10:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-31T13:58:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/chemical-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/chemical-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stock-in-green-as-the-company-plans-to-enter-ev-battery-segment\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-in-green-as-the-company-plans-to-enter-ev-battery-segment\/\",\"name\":\"Stock in green as the company plans to enter EV battery segment - 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