Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 155 Cr.
- Current Price ₹ 304
- High / Low ₹ 369 / 248
- Stock P/E 8.10
- Book Value ₹ 200
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 18.0 %
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 76 | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 285 | 263 | |
| 69 | 67 | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 250 | 221 | |
| Operating Profit | 8 | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 34 | 41 |
| OPM % | 11% | 12% | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 12% | 16% |
| 0 | 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 5 | 4 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 | 7 |
| Depreciation | 2 | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 11 | 12 |
| Profit before tax | 3 | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 21 | 27 |
| 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 | 19 | |
| 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 | 37.41 |
| 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: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 18% |
| 3 Years: | 6% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| 1 Year: | -14% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 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 | 97 |
| 24 | 22 | 21 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 | 87 | 84 | |
| 14 | 15 | 12 | 13 | 20 | 28 | 21 | 37 | 66 | 42 | 50 | 60 | 70 | |
| Total Liabilities | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 239 | 256 |
| 22 | 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 | 70 | 66 | |
| CWIP | 0 | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 | 23 | 26 |
| Investments | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 | 20 | 23 |
| 32 | 30 | 29 | 32 | 42 | 54 | 52 | 86 | 120 | 88 | 99 | 125 | 141 | |
| Total Assets | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 239 | 256 |
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 |
| Free Cash Flow | 1 | 5 | 7 | 2 | -26 | 1 | -13 | -6 | 10 | 19 | 23 | -14 |
| CFO/OP | 40% | 121% | 93% | 80% | 75% | 106% | 94% | 40% | 94% | 146% | 103% | 61% |
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% | 17% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Annual R&D Expenditure INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Intimation For Rescheduling Of Board Meeting
1d - Board meeting rescheduled to June 25, 2026 for FY26 audited standalone and consolidated results; trading window opens June 29.
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Disclosure Of Reason For Delay In Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended On March 31, 2026 Pursuant To The SEBI ('SEBI') Circular CIR/CFD/CMD-1/142/2018 Dated November 19, 2018
1d - Board meeting deferred to June 25, 2026 for audited Q4 and FY26 results due to subsidiary audit finalization.
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Board Meeting Intimation for Intimation For Rescheduling Of Board Meeting
1 Jun - Board meeting rescheduled to June 15, 2026; audited FY26 results to be considered, trading window opens June 18.
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Disclosure Of Reason For Delay In Submission Of Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended On March 31, 2026 Pursuant To The SEBI ('SEBI') Circular CIR/CFD/CMD-1/142/2018 Dated November 19, 2018.
1 Jun - Delayed FY26 audited results; extension sought till 15 June 2026.
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Board Meeting Intimation for Notice Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015
25 May - Board to meet on 30 May 2026 to approve audited FY26 standalone and consolidated results; trading window closed.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2011
from bse
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.