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Nikhil Adhesives Ltd
NIKHILADHESIVESLTD NSE
Nikhil Adhesives Ltd
ChemicalsNSE: NIKHILADHESIVESLTD BSE: NIKHILAD Specialty Chemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹370 Cr
Volatility
Moderate
P/E Ratio
17.4
EBITDA
₹35.18 Cr
Return on Equity
12.99%
Debt to Equity
0.47
Book Value
₹31.7
EPS
₹3.21
52W High
₹122
52W Low
₹56.78
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nikhil Adhesives Ltd insights
63 extracted metrics + investor summaries across FY08–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
4- The company has delivered a poor sales growth of 2.43% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Dividend payout has been low at 6.26% of profits over last 3 years
- Debtor days have increased from 80.3 to 105 days.
Growth Rate
Revenue Growth
-5.41% ↘
Net Income Growth
6.04% ↘
Cash Flow Change
-51.54% ↘
ROE
11.79% ↗
ROCE
10.49% ↗
EBITDA Margin (Avg.)
-1.56% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 144 | 130 | 148 | 161 | 148 | 134 | 149 | 125 | 131 | 133 | 166 | 189 |
| Expenses | 135 | 136 | 123 | 139 | 151 | 138 | 126 | 140 | 115 | 123 | 125 | 155 | 176 |
| Operating Profit | 6.79 | 7.54 | 7.56 | 8.89 | 9.97 | 9.4 | 8.54 | 9.44 | 10.15 | 8.25 | 7.68 | 11.24 | 12.85 |
| OPM % | 4.78% | 5.24% | 5.8% | 6.01% | 6.19% | 6.36% | 6.36% | 6.33% | 8.1% | 6.3% | 5.77% | 6.77% | 6.81% |
| Other Income | 0.13 | 0.07 | 0.05 | 0.1 | 0.12 | 0.12 | 0.19 | 0.13 | 0.11 | 1.11 | 0.43 | 0.25 | 0.19 |
| Interest | 1.51 | 1.6 | 1.77 | 2.09 | 1.9 | 2.05 | 2.13 | 2.04 | 1.81 | 1.62 | 1.51 | 1.41 | 1.58 |
| Depreciation | 1.31 | 1.49 | 1.67 | 1.76 | 1.68 | 1.71 | 1.92 | 1.77 | 2 | 1.87 | 1.87 | 1.79 | 1.88 |
| PBT | 4.1 | 4.52 | 4.17 | 5.14 | 6.51 | 5.76 | 4.68 | 5.76 | 6.45 | 5.87 | 4.73 | 8.29 | 9.58 |
| Tax % | 25.12% | 23.45% | 29.02% | 26.85% | 22.58% | 20.31% | 26.07% | 27.43% | 17.05% | 32.03% | 25.79% | 24.25% | 23.49% |
| Net Profit | 3.07 | 3.45 | 2.96 | 3.76 | 5.04 | 4.59 | 3.47 | 4.18 | 5.34 | 3.99 | 3.52 | 6.28 | 7.32 |
| EPS in Rs | 0.67 | 0.75 | 0.64 | 0.82 | 1.1 | 1 | 0.76 | 0.91 | 1.16 | 0.87 | 0.77 | 1.37 | 1.59 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 251 | 266 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 | 585 | 554 | 619 |
| Expenses | 242 | 255 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 533 | 548 | 518 | 579 |
| Operating Profit | 8 | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 35 | 31 | 37 | 36 | 40 |
| OPM % | 3.2% | 4.2% | 4.3% | 3.9% | 3.7% | 4.5% | 6% | 5% | 4.7% | 5% | 6% | 6% | 6% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 2 | 2 |
| Interest | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 | 8 | 6 | 6 |
| Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 | 8 | 7 |
| PBT | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 | 22 | 24 | 28 |
| Tax % | 30% | 12% | 33% | 34% | 30% | 23% | 26% | 26% | 28% | 26% | 25% | 26% | — |
| Net Profit | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | 17 | 17 | 21 |
| EPS in Rs | 0.1 | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.5 | 3.71 | 2.88 | 3.67 | 3.78 | 4.6 |
| Div. Payout % | 0% | 0% | 0% | 16% | 9% | 7% | 4% | 4% | 5% | 7% | 6% | 6% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 10 | 12 | 14 | 30 | 35 | 41 | 56 | 81 | 97 | 109 | 125 | 141 |
| Borrowings | 36 | 35 | 46 | 32 | 34 | 34 | 28 | 28 | 35 | 54 | 59 | 68 |
| Other Liabilities | 61 | 68 | 67 | 89 | 113 | 111 | 202 | 203 | 159 | 128 | 134 | 121 |
| Total Liabilities | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 323 | 334 |
| Fixed Assets | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 76 | 94 | 96 | 92 |
| CWIP | 1 | 0 | 1 | 0 | 0 | 6 | 0 | 1 | 4 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 86 | 94 | 106 | 127 | 149 | 141 | 236 | 250 | 215 | 202 | 227 | 242 |
| Total Assets | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 323 | 334 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | 21 | 14 | 7 | 0 |
| Investing | 0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | -19 | -17 | -10 | -3 |
| Financing | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | -3 | 10 | -3 | 1 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 0 | -1 | 1 | 3 | -1 | 7 | -7 | -2 |
| Free Cash Flow | 14 | 12 | -7 | 5 | 6 | 7 | 16 | 10 | 2 | -3 | -4 | -4 |
| CFO/OP | 195 | 115 | -31 | 93 | 105 | 122 | 84 | 81 | 76 | 59 | 32 | 14 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 61 | 91 | 86 | 79 | 82 | 112 | 65 | 54 | 65 | 71 | 105 |
| Inventory Days | 44 | 41 | 36 | 45 | 39 | 40 | 66 | 41 | 52 | 65 | 75 | 48 |
| Days Payable | 93 | 95 | 98 | 106 | 95 | 94 | 148 | 87 | 74 | 79 | 75 | 61 |
| Cash Conversion Cycle | 13 | 7 | 28 | 25 | 23 | 28 | 31 | 19 | 32 | 51 | 71 | 92 |
| Working Capital Days | 4 | 2 | 22 | 18 | 13 | 12 | 21 | 17 | 19 | 27 | 40 | 46 |
| ROCE % | 13% | 20% | 17% | 18% | 22% | 22% | 33% | 39% | 24% | 16% | 17% | 15% |
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
3
Closure of Trading Window
27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited Q4 FY2026 results declaration. 27 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited Q4 FY2026 results declaration.
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper Advertisement for Unaudited Financial Results for the quarter ended on 31st December, 2025 16 Feb - Newspaper Advertisement for Unaudited Financial Results for the quarter ended on 31st December, 2025
5
Board Meeting Outcome for Disclosure Of Outcome Of Board Meeting Held On Friday, 13Th February, 2026
13 Feb - Board approved unaudited Q3 results (quarter ended 31-Dec-2025) and internal audit report on 13-Feb-2026. 13 Feb - Board approved unaudited Q3 results (quarter ended 31-Dec-2025) and internal audit report on 13-Feb-2026.
3
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements)Regulations 2015 1 Sept 2026
General_Announcements
4
Notice Of The 40Th Annual General Meeting Of Nikhil Adhesives Limited For The Financial Year 2025-26. 31 Aug 2026
Intimation
5
Intimation Of Book Closure/Record Date/E-Voting Period For The 40Th Annual General Meeting. 31 Aug 2026
Intimation
Frequently Asked Questions about Nikhil Adhesives Ltd
What does Nikhil Adhesives Ltd do?
Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]
Where is Nikhil Adhesives Ltd (526159) listed?
Nikhil Adhesives Ltd is listed on the Indian stock exchanges. It is listed on NSE: NIKHILADHESIVESLTD and BSE: NIKHILAD. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nikhil Adhesives Ltd belong to?
Nikhil Adhesives Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd has a market capitalisation of approximately ₹370.28 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Nikhil Adhesives Ltd?
The Price-to-Earnings (PE) ratio of Nikhil Adhesives Ltd is 17.40. 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 Nikhil Adhesives Ltd?
Over the past 52 weeks, Nikhil Adhesives Ltd has traded between a low of ₹56.78 and a high of ₹122. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nikhil Adhesives Ltd pay dividends?
Yes, Nikhil Adhesives Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd has a Return on Equity (ROE) of 12.99%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nikhil Adhesives Ltd on Tapetide?
On Tapetide, you can view Nikhil 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 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]
Website nikhiladhesives.com
Face Value ₹ 1
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