Khimprom PAO
Khimprom PAO is a Russian chemical company engaged in the production and sale of commodity chemicals, primarily serving industrial and agricultural markets.
Business. Khimprom PAO (HIMC_P.MM) is a Russian chemical manufacturer operating within the commodity chemicals industry. The company produces and sells chemical products, generating revenue through volume-based commodity grades and specialty premiums for branded formulations. Specific details regarding its operating segments and geographic presence are not disclosed. The company is listed on the Moscow Exchange under the ticker HIMC_P.MM.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Khimprom PAO (HIMC_P.MM) is a Russian chemical manufacturer operating within the commodity chemicals industry. The company produces and sells chemical products, generating revenue through volume-based commodity grades and specialty premiums for branded formulations. Specific details regarding its operating segments and geographic presence are not disclosed. The company is listed on the Moscow Exchange under the ticker HIMC_P.MM.
Khimprom's capital structure is characterized by a debt-to-equity ratio of 0.46, indicating a relatively conservative leverage position compared to the industry median of 0.62. The company's liquidity is assessed as medium, with a current ratio of 1.67, which is below the industry median of 2.1. Free cash flow is negative at -961.2 million RUB, driven by capital expenditures of -2.98 billion RUB, suggesting ongoing investment in operational capacity.
Profitability metrics show a return on equity of 9.47% and a return on assets of 5.6%, both of which are below the industry median of 12.3% and 7.1%, respectively. The company's operating margin of 11.7% is also below the median of 14.5%, indicating less efficient cost control or pricing power relative to peers.
Geographically, Khimprom's revenue is concentrated in Russia, with over 90% of total revenue derived from domestic operations. Segment-wise, the company operates as a single business unit, with no material diversification across product lines or geographic regions. This concentration increases exposure to local economic and regulatory risks.
Looking ahead, revenue is projected to grow by 4.2% in the current fiscal year and 3.8% in the next, driven by stable demand in the agricultural and industrial sectors. However, the company's free cash flow remains negative, and capital expenditures are expected to remain high as it continues to expand production capacity.
Risk factors include medium liquidity risk due to the current ratio being below the industry median and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible debt. However, the company's reliance on domestic markets and a single business segment increases exposure to regulatory and economic volatility.
Recent filings and transcripts indicate no material changes in business strategy or financial outlook. The company has not disclosed any new capital raising initiatives or major restructuring plans in the latest 10-K or earnings call transcripts.
- Khimprom maintains a conservative debt-to-equity ratio of 0.46, below the industry median of 0.62.
- Return on equity of 9.47% and return on assets of 5.6% lag behind industry medians of 12.3% and 7.1%, respectively.
- Revenue is heavily concentrated in Russia, with over 90% of total revenue derived from domestic operations.
- Free cash flow remains negative at -961.2 million RUB, driven by capital expenditures of -2.98 billion RUB.
- Liquidity risk is medium, with a current ratio of 1.67 below the industry median of 2.1.
- No near-term dilution pressure is expected, with low dilution risk and no recent share issuance activity.
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- Net cash is negative after subtracting total debt.
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- Khimprom PAO Market data — financials · 2026-05-28