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Hindustan Adhesives Ltd
HINDUSTANADHESIVESLTD NSE
Hindustan Adhesives Ltd
Industrial ProductsNSE: HINDUSTANADHESIVESLTD BSE: HINDADH Plastic Products - Industrial
Key Fundamentals
MicrocapPlastic Products - IndustrialIndustrial ProductsMarket Cap
₹137 Cr
Volatility
Moderate
P/E Ratio
9.1
EBITDA
₹34.59 Cr
Return on Equity
16.89%
Debt to Equity
1.12
Book Value
₹212.6
EPS
₹32.05
52W High
₹359
52W Low
₹247.6
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hindustan Adhesives Ltd insights
57 extracted metrics + investor summaries across FY13–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.41.7 Cr.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
-11.66% ↗
Net Income Growth
-11.17% ↗
Cash Flow Change
45.83% ↗
ROE
-22.09% ↗
ROCE
-27.83% ↗
EBITDA Margin (Avg.)
-0.75% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 54.2 | 81.1 | 81.11 | 70.34 | 71.61 | 64.06 | 84.44 | 72.55 | 63.77 | 66.39 | 64.65 | 66.89 | 57.64 |
| Expenses | 50.75 | 73.74 | 72.89 | 60.72 | 63.96 | 58.98 | 74.42 | 63.74 | 53.46 | 57.73 | 54.29 | 56.54 | 50.9 |
| Operating Profit | 3.45 | 7.36 | 8.22 | 9.62 | 7.65 | 5.08 | 10.02 | 8.81 | 10.31 | 8.66 | 10.36 | 10.35 | 6.74 |
| OPM % | 6.37% | 9.08% | 10.13% | 13.68% | 10.68% | 7.93% | 11.87% | 12.14% | 16.17% | 13.04% | 16.02% | 15.47% | 11.69% |
| Other Income | 0.68 | 1.03 | 0.82 | 0.82 | 0.33 | 1.12 | 0.87 | 1.43 | 1.09 | 0.84 | 1.17 | 1.09 | 0.17 |
| Interest | 1.38 | 1.42 | 1.35 | 1.18 | 1.31 | 1.19 | 1.48 | 1.57 | 1.91 | 1.89 | 1.43 | 1.72 | 2.46 |
| Depreciation | 2.18 | 2.06 | 2.07 | 2.12 | 2.49 | 2.17 | 2.22 | 2.48 | 4.25 | 2.48 | 2.55 | 2.93 | 3.99 |
| PBT | 0.57 | 4.91 | 5.62 | 7.14 | 4.18 | 2.84 | 7.19 | 6.19 | 5.24 | 5.13 | 7.55 | 6.79 | 0.46 |
| Tax % | -80.7% | 13.85% | 31.14% | 36.27% | 10.05% | 25% | 25.31% | 25.85% | 37.02% | 26.9% | 24.37% | 33.58% | -102.17% |
| Net Profit | 1.03 | 4.23 | 3.87 | 4.55 | 3.76 | 2.13 | 5.37 | 4.59 | 3.3 | 3.75 | 5.71 | 4.51 | 0.93 |
| EPS in Rs | 2.01 | 8.27 | 7.56 | 8.89 | 7.35 | 4.16 | 10.5 | 8.97 | 6.45 | 7.33 | 11.16 | 8.81 | 1.82 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 70 | 76 | 449 | 321 | 303 | 285 | 256 |
| Expenses | 61 | 65 | 416 | 301 | 271 | 250 | 219 |
| Operating Profit | 10 | 11 | 33 | 20 | 33 | 34 | 36 |
| OPM % | 14% | 15% | 7% | 6% | 11% | 12% | 14% |
| Other Income | 0 | 1 | 4 | 3 | 3 | 5 | 3 |
| Interest | 3 | 3 | 8 | 7 | 5 | 6 | 8 |
| Depreciation | 3 | 4 | 11 | 11 | 9 | 11 | 12 |
| PBT | 3 | 5 | 18 | 6 | 22 | 21 | 20 |
| Tax % | 39% | 8% | 31% | 16% | 25% | 28% | 25% |
| Net Profit | 2 | 5 | 13 | 5 | 16 | 15 | 15 |
| EPS in Rs | 3.44 | 9.32 | 24.47 | 9.5 | 32.07 | 30.08 | 29.12 |
| Div. Payout % | 0% | 11% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 14 | 19 | 50 | 55 | 71 | 86 | 104 |
| Borrowings | 21 | 21 | 80 | 66 | 69 | 109 | 122 |
| Other Liabilities | 13 | 13 | 66 | 42 | 51 | 59 | 57 |
| Total Liabilities | 53 | 58 | 201 | 168 | 195 | 259 | 288 |
| Fixed Assets | 23 | 23 | 80 | 77 | 73 | 71 | 114 |
| CWIP | 0 | 1 | 0 | 0 | 6 | 59 | 44 |
| Investments | 2 | 2 | 5 | 3 | 2 | 3 | 6 |
| Other Assets | 29 | 32 | 116 | 88 | 114 | 126 | 124 |
| Total Assets | 53 | 58 | 201 | 168 | 195 | 259 | 288 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 8 | 8 | 25 | 27 | 13 | 18 | 31 |
| Investing | -3 | -5 | -15 | -10 | -9 | -49 | -19 |
| Financing | -5 | -3 | -10 | -20 | -2 | 35 | -11 |
| Net Cash Flow | 0 | -1 | 0 | -2 | 1 | 4 | 0 |
| Free Cash Flow | 7 | 3 | 10 | 19 | 2 | -41 | 10 |
| CFO/OP | 94 | 81 | 94 | 146 | 60 | 66 | 99 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 68 | 38 | 29 | 48 | 35 | 44 |
| Inventory Days | 126 | 120 | 56 | 86 | 72 | 148 | 168 |
| Days Payable | 73 | 86 | 47 | 42 | 48 | 87 | 95 |
| Cash Conversion Cycle | 113 | 102 | 47 | 74 | 72 | 96 | 117 |
| Working Capital Days | -6 | 0 | 2 | -1 | -6 | -7 | -29 |
| ROCE % | — | 19% | — | 10% | 20% | 16% | 13% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company disclosed it is not identified as a Large Corporate under SEBI circular. 30 Apr - Company disclosed it is not identified as a Large Corporate under SEBI circular.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company disclosed it is not identified as a Large Corporate under SEBI circular. 30 Apr - Company disclosed it is not identified as a Large Corporate under SEBI circular.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31/03/2026 8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31/03/2026
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Mar - Of Newspaper Advertisement of Publication of Notice of the Special Window for Re-lodgement of Transfer Requests of Physical Shares 20 Mar - Of Newspaper Advertisement of Publication of Notice of the Special Window for Re-lodgement of Transfer Requests of Physical Shares
Frequently Asked Questions about Hindustan Adhesives Ltd
What does Hindustan Adhesives Ltd do?
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
Where is Hindustan Adhesives Ltd (514428) listed?
Hindustan Adhesives Ltd is listed on the Indian stock exchanges. It is listed on NSE: HINDUSTANADHESIVESLTD and BSE: HINDADH. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Adhesives Ltd belong to?
Hindustan Adhesives Ltd operates in the Industrial Products sector within the Plastic Products - Industrial industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd has a market capitalisation of approximately ₹137.10 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Hindustan Adhesives Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Adhesives Ltd is 9.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hindustan Adhesives Ltd?
Over the past 52 weeks, Hindustan Adhesives Ltd has traded between a low of ₹247.6 and a high of ₹359. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd has a Return on Equity (ROE) of 16.89%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Adhesives Ltd on Tapetide?
On Tapetide, you can view Hindustan Adhesives Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, Hindustan Adhesive Ltd manufactures and supplies Carton Sealing Tapes and Adhesive Coated products[1]
Website bagla-group.com
Face Value ₹ 10