---
title: "SPEB Adhesives Ltd (SPEB) — Share Price, Financials & Analysis"
symbol: "SPEB"
company: "SPEB Adhesives Ltd"
canonical: "https://tapetide.com/stocks/SPEB"
isin: "INE1CW901027"
nse_symbol: "SPEB"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
market_cap_cr: 209.03
generated_at: "2026-09-13T19:57:03.501Z"
---

# SPEB Adhesives Ltd (SPEB)

Canonical page: https://tapetide.com/stocks/SPEB

## Company

- **NSE Symbol:** SPEB
- **ISIN:** INE1CW901027
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** speb7.com

## About

Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.[1]

## Latest Price

- **Price:** ₹93.05
- **Change:** +0.05 (+0.05%)
- **Open:** ₹93.05
- **Day High:** ₹93.05
- **Day Low:** ₹93.05
- **Previous Close:** ₹93
- **Volume:** 4000
- **As Of:** 2026-09-09T06:44:23+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:58.364936Z.

- **Market Cap:** ₹209.03 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹23.39
- **Price to Book:** 3.98
- **Dividend Yield:** 0%
- **ROE:** 23.24%
- **ROCE:** 32%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹50.57 Cr
- **Net Income:** ₹6.86 Cr
- **EBITDA:** ₹9.04 Cr
- **52-Week High:** ₹98.25
- **52-Week Low:** ₹46.55
- **RSI (14):** 58.64

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -351.35% | 16.96% | -0.93% |
| ebitda margin growth | -6.64% | 6.55% | 24.26% |
| net income growth | 16.27% | 57% | 163.85% |
| revenue growth | 11.14% | 10% | 12.31% |
| roce | -6.19% | 153.57% | 24.83% |
| roe | -8.36% | 19.28% | 151.79% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 23.07 | 24.77 | 25.8 |
| Expenses | 18.87 | 19.87 | 21.67 |
| Operating Profit | 4.2 | 4.9 | 4.13 |
| OPM % | 18.21 | 19.78 | 16.01 |
| Other Income | 0.68 | 0.27 | 0.61 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0.2 | 0.26 | 0.36 |
| Profit before tax | 4.68 | 4.91 | 4.38 |
| Tax % | 30.56 | 25.46 | 26.71 |
| Net Profit | 3.25 | 3.65 | 3.21 |
| EPS in Rs | 1.85 | 2.07 | 1.43 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 27.88 | 38.35 | 42.56 | 44.78 | 50.57 |
| Expenses | 24.25 | 35.96 | 36.02 | 36.77 | 41.53 |
| Operating Profit | 3.63 | 2.39 | 6.54 | 8.01 | 9.04 |
| OPM % | 13.02 | 6.23 | 15.37 | 17.89 | 17.88 |
| Other Income | 0.38 | 0.42 | 0.6 | 0.58 | 0.87 |
| Interest | 0.22 | 0.02 | 0.02 | 0.02 | 0 |
| Depreciation | 0.35 | 0.32 | 0.48 | 0.44 | 0.62 |
| Profit before tax | 3.44 | 2.47 | 6.64 | 8.13 | 9.29 |
| Tax % | 24.71 | 27.53 | 25.75 | 27.55 | 26.16 |
| Net Profit | 2.6 | 1.79 | 4.94 | 5.89 | 6.87 |
| EPS in Rs | — | — | 2940.48 | 3.34 | 3.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.18 | 0.18 | 0.17 | 17.61 | 22.46 |
| Reserves | 17.37 | 19.15 | 19.3 | 7.75 | 33.29 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.25 | 1.14 | 1.23 | 1.91 | 2.22 |
| Total Liabilities | 18.8 | 20.47 | 20.7 | 27.27 | 57.97 |
| Fixed Assets | 2.03 | 1.71 | 2.56 | 2.3 | 3.5 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 3.26 | 3.13 | 0 | 0 | 0 |
| Other Assets | 13.51 | 15.63 | 18.14 | 24.97 | 54.47 |
| Total Assets | 18.8 | 20.47 | 20.7 | 27.27 | 57.97 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.12 | 0.37 | 3.91 | -0.93 | 4.74 |
| Cash from Investing Activity | 3.26 | 0.42 | 2.31 | 0.31 | -10.51 |
| Cash from Financing Activity | -2.76 | 0 | -4.93 | 0.52 | 24.03 |
| Net Cash Flow | -0.62 | 0.78 | 1.29 | -0.1 | 18.27 |
| Free Cash Flow | -1.47 | 0.37 | 2.62 | -1.29 | 2.92 |
| CFO/OP | -1 | 52 | 85 | 13 | 80 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 84.44 | 72.43 | 53.09 | 55.92 | 58.03 |
| Inventory Days | 52.89 | 39.59 | 36.22 | 28.38 | 35.11 |
| Days Payable | 0 | 0 | 9.67 | 10.83 | 17.56 |
| Cash Conversion Cycle | 137.33 | 112.02 | 79.63 | 73.46 | 75.59 |
| Working Capital Days | 115.21 | 98.98 | 72.64 | 67.65 | 68.93 |
| ROCE % | — | 13.5 | 34.12 | 37.12 | 22.91 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 100% | 73.18% |
| FIIs | 0% | 0% | 0.4% |
| DIIs | 0% | 0% | 8.26% |
| Government | 0% | 0% | 0% |
| Public | 0% | 0% | 14.25% |
| Others | 0% | 0% | 3.9% |
| No. of Shareholders | 8 | 8 | 291 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 9 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 92.29 | Buy |
| EMA (10) | 92.17 | Buy |
| SMA (20) | 89.89 | Buy |
| EMA (20) | 90.83 | Buy |
| SMA (50) | 89.3 | Buy |
| EMA (50) | 87.17 | Buy |
| SMA (100) | 77.16 | Buy |
| EMA (100) | 77.91 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.64 | Neutral |
| MACD (12,26,9) | 1.64 | Buy |
| Stochastic (14,3,3) | 68.93 | Neutral |
| ADX (14) | 18.24 | Neutral |
| Williams %R (14) | -26.53 | Neutral |
| ATR (14) | 1.58 | Neutral |
| ROC (12) | 6.16 | Buy |
| Stoch RSI (14) | 49.83 | Neutral |
| UO (7,14,28) | 55.9 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Sep - Newspaper publication filed for 36th AGM on 28 September 2026 via VC/OAVM; annual report dispatched. | [Copy of Newspaper Publication 6 Sep - Newspaper publication filed for 36th AGM on 28 September 2026 via VC/OAVM; annual report dispatched.](https://nsearchives.nseindia.com/corporate/SPEB_06092026123525_newspaper.pdf) |
| 6 Sep - 36th AGM on 28 September 2026 via VC/OAVM; annual report 2025-26 link shared. | [General Updates 6 Sep - 36th AGM on 28 September 2026 via VC/OAVM; annual report 2025-26 link shared.](https://nsearchives.nseindia.com/corporate/SPEB_06092026125843_Letter_to_Shareholders_s.pdf) |
| 6 March 2026 - SPEB participated in Bharat Connect Conference on March 6, 2026; investor presentation attached covering business, capacity expansion, finances. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 March 2026 - SPEB participated in Bharat Connect Conference on March 6, 2026; investor presentation attached covering business, capacity expansion, finances.](https://nsearchives.nseindia.com/corporate/SPEB_06032026182005_outcome.pdf) |
| 6 February 2026 - Appointed Merlin Capital Advisors as Investor Relations Agency effective Feb 1, 2026; designated IR email ir@merlincapital.co.in. | [Updates 6 February 2026 - Appointed Merlin Capital Advisors as Investor Relations Agency effective Feb 1, 2026; designated IR email ir@merlincapital.co.in.](https://nsearchives.nseindia.com/corporate/SPEB_06022026140423_SPEB_Adhesives_Limited_IR_Intimation_signed.pdf) |
| 5 Sep - SPEB Adhesives schedules 36th AGM on 28 September 2026 via VC/OAVM; seeks approval of FY26 accounts and director reappointment. | [Shareholders meeting 5 Sep - SPEB Adhesives schedules 36th AGM on 28 September 2026 via VC/OAVM; seeks approval of FY26 accounts and director reappointment.](https://nsearchives.nseindia.com/corporate/SPEB_05092026201816_AGM_signed.pdf) |
| 5 March 2026 - Filed presentation for investor group meet (to be held March 6, 2026); presentation posted on company website. | [Investor Presentation 5 March 2026 - Filed presentation for investor group meet (to be held March 6, 2026); presentation posted on company website.](https://nsearchives.nseindia.com/corporate/SPEB_05032026205831_Investor_meet_presentationsigned.pdf) |
| 5 Jun - Promoter disclosed no share encumbrance during FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 5 Jun - Promoter disclosed no share encumbrance during FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_22042026155722_SPEB.pdf) |
| 27 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results. | [Trading Window 27 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results.](https://nsearchives.nseindia.com/corporate/SPEB_27032026163346_twss.pdf) |
| 27 March 2026 - SPEB Adhesives to attend virtual group investor meeting Apr 2, 2026, 11:00–12:00 with AG Capital. | [Analysts/Institutional Investor Meet/Con. Call Updates 27 March 2026 - SPEB Adhesives to attend virtual group investor meeting Apr 2, 2026, 11:00–12:00 with AG Capital.](https://nsearchives.nseindia.com/corporate/SPEB_27032026190537_ints.pdf) |
| 27 Aug - Mr. Dileep Pandita appointed Chief Strategy & Sales Officer and Senior Management Personnel from August 26, 2026. | [Change in Management 27 Aug - Mr. Dileep Pandita appointed Chief Strategy & Sales Officer and Senior Management Personnel from August 26, 2026.](https://nsearchives.nseindia.com/corporate/SPEB_27082026213143_BM_signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31611_SPEB_2025_2026_A_2933152_05092026202700.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:03.501Z.