HP Adhesives
HP Adhesives (HPAL) share price was ₹32.99 at the 28 Oct 2026 close; market capitalisation ₹303 Cr; P/E (TTM) 164.95; sector Chemicals. The share price fell 28.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 4.2% year on year to ₹63.34 Cr and net profit was −₹0.84 Cr, against ₹4.22 Cr a year earlier (compared with Jun 2025). Promoters held 71.35% of HP Adhesives in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures as of 29 Oct 2026, 10:34 IST · EPS basis: Standalone · TTM
Peer Comparison
Commodities › Chemicals › Specialty Chemicals
| ₹1,377.40 | 52.94 | 1,40,203 Cr | 12.95 | 1.48% | 22.36% | 28.48% | 15,689 Cr | 2,677 Cr | |
| ₹4,241.30 | 77.00 | 46,591 Cr | 5.96 | 0.07% | 7.25% | 10.13% | 5,334 Cr | 600 Cr | |
| ₹8,385.00 | 54.43 | 43,009 Cr | 10.83 | 0.18% | 16.70% | 18.66% | 3,734 Cr | 789 Cr | |
| ₹1,584.50 | 89.37 | 21,031 Cr | 8.56 | 0.00% | 8.94% | 12.15% | 1,257 Cr | 235 Cr | |
| ₹1,484.50 | 25.85 | 20,248 Cr | 3.47 | 0.52% | 9.38% | 10.85% | 8,624 Cr | 784 Cr | |
| ₹452.20 | 30.89 | 16,397 Cr | 2.75 | 0.23% | 7.04% | 8.53% | 9,040 Cr | 531 Cr | |
| ₹5,166.00 | 19.70 | 15,210 Cr | 2.31 | 0.55% | 10.95% | 13.54% | 7,185 Cr | 788 Cr | |
| HP Adhesives (this company) | ₹33.24 | 166.20 | 305 Cr | 1.63 | 1.23% | 3.72% | 5.31% | 252 Cr | 2 Cr |
| Median 8 companies | ₹1,534.50 | 53.69 | 20,639 Cr | 4.72 | 0.38% | 9.16% | 11.50% | 6,260 Cr | 692 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.1%
Weaknesses
5- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 8.70% over last 3 years.
- Earnings include an other income of Rs.2.60 Cr.
- Company's cost of borrowing seems high
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -0.32% · Jun 2026
Quarterly Results
| Particulars | 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 | 59.32 | 62.6 | 54.75 | 59.31 | 60.52 | 58.87 | 65.72 | 65.44 | 66.13 | 65.13 | 61.39 | 57.7 | 63.34 |
| Expenses | 53.18 | 55.26 | 46.97 | 50.5 | 52.95 | 52.39 | 59.77 | 59.92 | 59.52 | 58.73 | 57.58 | 61.42 | 63.54 |
| Operating Profit | 6.14 | 7.34 | 7.78 | 8.81 | 7.57 | 6.48 | 5.95 | 5.52 | 6.61 | 6.4 | 3.81 | -3.72 | -0.2 |
| OPM % | 10.35% | 11.73% | 14.21% | 14.85% | 12.51% | 11.01% | 9.05% | 8.44% | 10% | 9.83% | 6.21% | -6.45% | -0.32% |
| Other Income | 0.98 | 1.04 | 0.62 | 0.88 | 1.48 | 0.17 | 1.29 | 1.58 | 1.05 | 0.47 | 0.44 | 0.67 | 1.02 |
| Interest | 0.23 | 0.21 | 0.18 | 0.56 | 0.47 | 0.51 | 0.58 | 0.59 | 0.64 | 0.63 | 0.64 | 0.75 | 0.81 |
| Depreciation | 1.03 | 1.08 | 1.11 | 1.08 | 1.13 | 1.15 | 1.17 | 1.25 | 1.41 | 1.45 | 1.5 | 1.45 | 1.27 |
| PBT | 5.86 | 7.09 | 7.11 | 8.05 | 7.45 | 4.99 | 5.49 | 5.26 | 5.61 | 4.79 | 2.11 | -5.25 | -1.26 |
| Tax % | 22.87% | 26.09% | 26.72% | 30.43% | 24.3% | 17.23% | 27.87% | 21.86% | 24.78% | 25.89% | 28.91% | -54.48% | -33.33% |
| Net Profit | 4.51 | 5.24 | 5.21 | 5.61 | 5.63 | 4.12 | 3.96 | 4.12 | 4.22 | 3.55 | 1.5 | -2.39 | -0.84 |
| EPS (₹) | 0.49 | 0.57 | 0.57 | 0.61 | 0.61 | 0.45 | 0.43 | 0.45 | 0.46 | 0.39 | 0.16 | -0.26 | -0.09 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 85 | 118 | 165 | 233 | 236 | 248 | 249 | 248 |
| Expenses | 80 | 106 | 153 | 214 | 205 | 223 | 236 | 241 |
| Operating Profit | 4 | 12 | 11 | 19 | 31 | 26 | 13 | 6 |
| OPM % | 5% | 10% | 7% | 8% | 13% | 10% | 5% | 2.5% |
| Other Income | -5 | 6 | 3 | 2 | 4 | 4 | 3 | 3 |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 6 |
| PBT | -5 | 13 | 8 | 15 | 28 | 23 | 7 | 0 |
| Tax % | -13% | 24% | 26% | 28% | 27% | 23% | 5% | — |
| Net Profit | -5 | 10 | 6 | 11 | 21 | 18 | 7 | 2 |
| EPS (₹) | -0.73 | 1.55 | 0.65 | 1.18 | 2.24 | 1.94 | 0.75 | 0.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 13% | 21% | 53% | — |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 18 | 18 | 18 | 18 | 18 |
| Reserves | -11 | 0 | 119 | 130 | 151 | 166 | 169 |
| Borrowings | 36 | 43 | 19 | 9 | 3 | 8 | 4 |
| Other Liabilities | 19 | 35 | 40 | 28 | 26 | 36 | 40 |
| Total Liabilities | 57 | 90 | 195 | 185 | 198 | 228 | 232 |
| Fixed Assets | 11 | 19 | 26 | 39 | 52 | 73 | 72 |
| CWIP | 1 | 7 | 18 | 17 | 16 | 4 | 5 |
| Investments | 0 | 0 | 0 | 0 | 18 | 25 | 22 |
| Other Assets | 45 | 64 | 152 | 129 | 111 | 126 | 132 |
| Total Assets | 57 | 90 | 195 | 185 | 198 | 228 | 232 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 1 | 11 | -10 | -5 | 22 | 17 | 7 |
| Investing | -5 | -16 | -67 | 8 | -15 | -16 | -2 |
| Financing | 4 | 5 | 86 | -12 | -6 | 2 | -8 |
| Net Cash Flow | -1 | 0 | 9 | -10 | 0 | 2 | -2 |
| Free Cash Flow | -4 | -5 | -26 | -21 | 5 | 3 | -6 |
| CFO/OP | 19 | 114 | -71 | -9 | 94 | 93 | 82 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 71 | 71 | 58 | 56 | 61 | 55 |
| Inventory Days | 125 | 146 | 124 | 97 | 118 | 132 | 119 |
| Days Payable | 103 | 116 | 95 | 44 | 40 | 54 | 66 |
| Cash Conversion Cycle | 107 | 100 | 100 | 112 | 134 | 140 | 108 |
| Working Capital Days | -48 | -19 | 84 | 102 | 106 | 98 | 118 |
| ROCE % | — | 34% | 11% | 12% | 18% | 14% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view HP Adhesives insights
67 extracted metrics + investor summaries across FY19–FY27.
Documents
Frequently Asked Questions about HP Adhesives
What does HP Adhesives Ltd do?
Where is HP Adhesives Ltd (HPAL) listed?
Which sector does HP Adhesives Ltd belong to?
What is the market capitalisation of HP Adhesives Ltd?
What is the PE ratio of HP Adhesives Ltd?
What is the 52-week high and low of HP Adhesives Ltd?
Does HP Adhesives Ltd pay dividends?
What is the Return on Equity (ROE) of HP Adhesives Ltd?
Company Information
Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives and sealants along with other ancillary products[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/HPAL.md for HP Adhesives Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.