Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 135 Cr.
- Current Price ₹ 263
- High / Low ₹ 359 / 248
- Stock P/E 7.66
- 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.
- Contingent liabilities of Rs.42.4 Cr.
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76 | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 285 | 257 | |
| 67 | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 250 | 219 | |
| Operating Profit | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 34 | 38 |
| OPM % | 12% | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 12% | 15% |
| 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 5 | 3 | |
| Interest | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 | 7 |
| Depreciation | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 11 | 12 |
| Profit before tax | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 21 | 22 |
| 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 | |
| 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 |
| 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: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 15% |
| 3 Years: | 54% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 1% |
| 3 Years: | 14% |
| 1 Year: | -20% |
| 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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| Export Turnover ₹ Lakhs |
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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
- Closure of Trading Window 27 Jun
-
Submission Of Audited Standalone And Consolidated Financial Result For Quarter And Financial Year Ended On 31St March, 2026 Pursuant To Regulation 33 Of SEBI (LODR) Regulations 2015.
25 Jun - Audited standalone and consolidated FY26 results approved on 25 June 2026; auditors issued unmodified opinion.
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
25 Jun - Board approved audited standalone and consolidated results for FY2026 ended 31 March; auditors issued unmodified opinion.
-
Board Meeting Intimation for Intimation For Rescheduling Of Board Meeting
15 Jun - 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
15 Jun - Board meeting deferred to June 25, 2026 for audited Q4 and FY26 results due to subsidiary audit finalization.
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
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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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.