Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 181 Cr.
- Current Price ₹ 354
- High / Low ₹ 403 / 248
- Stock P/E 6.66
- Book Value ₹ 216
- Dividend Yield 0.00 %
- ROCE 15.5 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.74% over past five years.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76 | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 285 | 257 | 267 | |
| 67 | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 250 | 219 | 215 | |
| Operating Profit | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 34 | 38 | 52 |
| OPM % | 12% | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 12% | 15% | 20% |
| 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 5 | 3 | 3 | |
| Interest | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 | 7 | 8 |
| Depreciation | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 11 | 12 | 13 |
| Profit before tax | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 21 | 22 | 35 |
| Tax % | 38% | 35% | 8% | 26% | 33% | -15% | 36% | 31% | 16% | 25% | 28% | 25% | |
| 2 | 2 | 5 | 2 | 2 | 7 | 9 | 13 | 5 | 16 | 15 | 17 | 26 | |
| EPS in Rs | 3.07 | 4.14 | 9.60 | 4.87 | 4.63 | 12.86 | 17.10 | 24.47 | 9.50 | 32.07 | 30.08 | 32.31 | 51.46 |
| Dividend Payout % | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 4% |
| 3 Years: | -7% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 15% |
| 3 Years: | 54% |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 5% |
| 3 Years: | 7% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 12 | 14 | 19 | 22 | 24 | 30 | 38 | 50 | 55 | 71 | 87 | 105 |
| 22 | 21 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 | 87 | 110 | |
| 15 | 12 | 13 | 20 | 28 | 21 | 37 | 66 | 42 | 50 | 60 | 55 | |
| Total Liabilities | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 239 | 276 |
| 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 | 70 | 111 | |
| CWIP | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 | 23 | 0 |
| Investments | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 | 20 | 53 |
| 30 | 29 | 32 | 42 | 54 | 52 | 86 | 120 | 88 | 99 | 125 | 111 | |
| Total Assets | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 239 | 276 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 8 | 7 | 5 | 11 | 10 | 6 | 25 | 27 | 27 | 15 | 42 | |
| -6 | -3 | -5 | -31 | -10 | -23 | -12 | -15 | -10 | -15 | -37 | -40 | |
| -4 | -5 | -3 | 26 | -1 | 12 | 8 | -10 | -20 | -10 | 22 | -2 | |
| Net Cash Flow | -0 | 0 | -1 | 1 | 1 | -1 | 2 | -0 | -2 | 1 | -1 | -0 |
| Free Cash Flow | 5 | 7 | 2 | -26 | 1 | -13 | -6 | 10 | 19 | 23 | -14 | 31 |
| CFO/OP | 121% | 93% | 80% | 75% | 106% | 94% | 40% | 94% | 146% | 103% | 61% | 123% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 62 | 70 | 74 | 59 | 43 | 55 | 38 | 29 | 48 | 35 | 48 |
| Inventory Days | 99 | 126 | 120 | 162 | 88 | 75 | 68 | 56 | 86 | 72 | 141 | 148 |
| Days Payable | 78 | 72 | 79 | 122 | 80 | 41 | 55 | 47 | 42 | 47 | 84 | 93 |
| Cash Conversion Cycle | 84 | 115 | 110 | 114 | 67 | 77 | 68 | 47 | 74 | 72 | 92 | 104 |
| Working Capital Days | -1 | -5 | 13 | 16 | 4 | 14 | 12 | 2 | -1 | -6 | 2 | -24 |
| ROCE % | 15% | 17% | 19% | 10% | 11% | 12% | 17% | 20% | 10% | 21% | 17% | 15% |
Insights
In beta| Oct 1989 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Share of Total Revenue % |
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| Domestic Sale ₹ Lakhs |
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| Number of Permanent Employees count |
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| Number of Manufacturing Plants count |
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| Installed Capacity - Self Adhesive Tape million sq. meters |
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Extracted by Screener AI
Documents
Announcements
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Outcome Of The Board Meeting -Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Board approved reappointment of internal and cost auditors for FY 2026-27 on 14 August 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board approved reappointment of Ravi Kumar Aggarwal and Urmila Goenka, subject to shareholder approval.
-
Submission Of Unaudited Standalone And Consolidated Financial Result For The Quarter Ended On 30Th June, 2026 Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015
- Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
-
Board Meeting Outcome for Outcome Of The Board Meeting - Regulation 33 Read With Regulation 30 Of The SEBI (LODR) Regulations, 2015
- Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
-
Board Meeting Intimation for Notice Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015.
- Board meeting on 14 Aug 2026 to approve Q1 FY27 unaudited financial results; trading window closed.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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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.