Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 163 Cr.
- Current Price ₹ 318
- High / Low ₹ 477 / 281
- Stock P/E 10.6
- Book Value ₹ 180
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 18.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 76 | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 285 | |
| 69 | 67 | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 251 | |
| Operating Profit | 8 | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 34 |
| OPM % | 11% | 12% | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 12% |
| 0 | 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 5 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 |
| Depreciation | 2 | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 11 |
| Profit before tax | 3 | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 21 |
| Tax % | 25% | 38% | 35% | 8% | 26% | 33% | -15% | 36% | 31% | 16% | 25% | 28% |
| 2 | 2 | 2 | 5 | 2 | 2 | 7 | 9 | 13 | 5 | 16 | 15 | |
| EPS in Rs | 4.67 | 3.07 | 4.14 | 9.60 | 4.87 | 4.63 | 12.86 | 17.10 | 24.47 | 9.50 | 32.07 | 30.08 |
| Dividend Payout % | 0% | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | -14% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 19% |
| 3 Years: | 7% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 35% |
| 3 Years: | -10% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 11 | 12 | 14 | 19 | 22 | 24 | 30 | 38 | 50 | 55 | 71 | 87 |
| 24 | 22 | 21 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 | 87 | |
| 14 | 15 | 12 | 13 | 20 | 28 | 21 | 37 | 66 | 42 | 44 | 60 | |
| Total Liabilities | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 180 | 239 |
| 22 | 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 | 70 | |
| CWIP | 0 | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 | 23 |
| Investments | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 | 20 |
| 32 | 30 | 29 | 32 | 42 | 54 | 52 | 86 | 120 | 88 | 93 | 125 | |
| Total Assets | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 180 | 239 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 10 | 8 | 7 | 5 | 11 | 10 | 6 | 25 | 27 | 27 | 15 | |
| -2 | -6 | -3 | -5 | -31 | -10 | -23 | -12 | -15 | -10 | -15 | -37 | |
| -0 | -4 | -5 | -3 | 26 | -1 | 12 | 8 | -10 | -20 | -10 | 22 | |
| Net Cash Flow | 1 | -0 | 0 | -1 | 1 | 1 | -1 | 2 | -0 | -2 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 63 | 62 | 70 | 74 | 59 | 43 | 55 | 38 | 29 | 48 | 35 |
| Inventory Days | 79 | 99 | 126 | 120 | 162 | 88 | 75 | 68 | 56 | 86 | 72 | 141 |
| Days Payable | 76 | 78 | 72 | 79 | 122 | 80 | 41 | 55 | 47 | 42 | 47 | 84 |
| Cash Conversion Cycle | 69 | 84 | 115 | 110 | 114 | 67 | 77 | 68 | 47 | 74 | 72 | 92 |
| Working Capital Days | 2 | -1 | -5 | 13 | 16 | 4 | 14 | 12 | 2 | -1 | -6 | 2 |
| ROCE % | 18% | 15% | 17% | 19% | 10% | 11% | 12% | 17% | 20% | 10% | 21% | 18% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 18 Jul
-
Submission Of Audited Standalone And Consolidated Financial Result For Quarter And Financial Year Ended On 31St March, 2025 Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.
15 Jul - Audited FY25 results with qualified opinion due to Rs 212.85L fire insurance claim receivable at Roorkee plant.
- Submission Of Audited Standalone And Consolidated Financial Result For Quarter And Financial Year Ended On 31St March, 2025 Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015. 4 Jul
-
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
3 Jul - Approved FY25 audited results; qualified opinion on Rs 212.85L fire insurance claim receivable.
-
Submission Of Audited Standalone And Consolidated Financial Result For Quarter And Financial Year Ended On 31St March, 2025 Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.
3 Jul - Audited FY25 results with qualified opinion on Rs 212.85L fire loss insurance claim receivable.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
HAL is a part of Bagla Group. It is an integrated producer of Carton Sealing Tapes, BOPP Adhesive Tapes with both Acrylic and Hot-Melt technology. It also
has its own adhesive making facility along with facilities for making paper cores and cartons in-house, besides multiple printing equipments, slitting and spooling facilities to make many value added import substitute products for domestic and international markets. Company also produces specialty tapes like Filament Tapes, Carry Handle Tapes, Tear Tapes, Tamper evident Tapes, etc.