They are talking of improving working capital cycle which would increase the cashflows which is a positive news.
Himadri's core is currently Coal Tar Pitch (CTP) which constitues around 73% of the revenues.
There is a lot of dicussion going around electric vehicles (EV) and Li-ion batteries they would use along with
Li-ion application in other products like phones, laptops, power banks, etc.
This segment would not have much impact on FY2018 revenues.
From FY2019 onward, the game changer and new core for Himadri could be this advanced chemical space where they are talking of big expansion once 50 tonne / month is achieved.
This would become a significant contributor to both the top line as well as bottom line considering the
high margins this commands.
Since this is an evolving space, this seems to be a good stock for next 3-4 years.
Disclaimer: Invested around Rs 80 and constitutes around 8% of my portfolio.
This is not a stock recommendation, please do your due diligence before investing.