Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 166 Cr.
- Current Price ₹ 324
- High / Low ₹ 488 / 281
- Stock P/E 10.5
- Book Value ₹ 163
- Dividend Yield 0.00 %
- ROCE 20.6 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 47.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 38.6 to 48.0 days.
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76 | 78 | 76 | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 293 | |
| 68 | 69 | 67 | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 261 | |
| Operating Profit | 8 | 8 | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 32 |
| OPM % | 10% | 11% | 12% | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 11% |
| 0 | 0 | 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 4 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 |
| Depreciation | 2 | 2 | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 9 |
| Profit before tax | 2 | 3 | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 20 |
| Tax % | 35% | 25% | 38% | 35% | 8% | 26% | 33% | -15% | 36% | 31% | 16% | 25% | |
| 2 | 2 | 2 | 2 | 5 | 2 | 2 | 7 | 9 | 13 | 5 | 16 | 16 | |
| EPS in Rs | 3.09 | 4.67 | 3.07 | 4.14 | 9.60 | 4.87 | 4.63 | 12.86 | 17.10 | 24.47 | 9.50 | 32.07 | 30.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 17% |
| 3 Years: | 12% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 47% |
| 3 Years: | 23% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 30% |
| 3 Years: | -8% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 8 | 11 | 12 | 14 | 19 | 22 | 24 | 30 | 38 | 50 | 55 | 71 | 78 |
| 21 | 24 | 22 | 21 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 | 71 | |
| 12 | 14 | 15 | 12 | 13 | 20 | 28 | 21 | 37 | 66 | 42 | 44 | 49 | |
| Total Liabilities | 46 | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 180 | 204 |
| 23 | 22 | 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 | 72 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 | 17 |
| 24 | 32 | 30 | 29 | 32 | 42 | 54 | 52 | 86 | 120 | 88 | 93 | 111 | |
| Total Assets | 46 | 54 | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 180 | 204 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 3 | 10 | 8 | 7 | 5 | 11 | 10 | 6 | 25 | 27 | 27 | |
| -1 | -2 | -6 | -3 | -5 | -31 | -10 | -23 | -12 | -15 | -10 | -15 | |
| -4 | -0 | -4 | -5 | -3 | 26 | -1 | 12 | 8 | -10 | -20 | -10 | |
| Net Cash Flow | 0 | 1 | -0 | 0 | -1 | 1 | 1 | -1 | 2 | -0 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 67 | 63 | 62 | 70 | 74 | 59 | 43 | 55 | 38 | 29 | 48 |
| Inventory Days | 65 | 79 | 99 | 126 | 120 | 162 | 88 | 75 | 68 | 56 | 86 | 72 |
| Days Payable | 59 | 76 | 78 | 72 | 79 | 122 | 80 | 41 | 55 | 47 | 42 | 47 |
| Cash Conversion Cycle | 61 | 69 | 84 | 115 | 110 | 114 | 67 | 77 | 68 | 47 | 74 | 72 |
| Working Capital Days | 61 | 74 | 79 | 87 | 99 | 107 | 69 | 75 | 76 | 41 | 53 | 56 |
| ROCE % | 17% | 18% | 15% | 17% | 19% | 10% | 11% | 12% | 17% | 20% | 10% | 21% |
Documents
Announcements
- 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.
-
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 due to Rs 212.85L fire loss insurance claim recognition.
-
Disclosure Of Reason For Delay In Submission Of Audited Financial Results For The Quarter And Financial Year Ended On March 31, 2025 Pursuant To The SEBI ('SEBI') Circular CIR/CFD/CMD-1/142/2018 Dated November 19, 2018.
30 Jun - Delay in audited results due to ERP transition; board meeting rescheduled to 3 July 2025.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
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.