Hindustan Adhesives Ltd

₹ 425 1.02%
18 Aug - close price
About

Incorporated in 1988, Hindustan Adhesives Ltd is engaged in manufacturing of special adhesive tapes and polyolefin shrink films. It is a part of Bagla Group.[1]

Key Points

Products
The Co provides tapes for all types of carton sealing application ensuring high sealability of packaging in storage and transportation. Different offerings of the Co include:
Acrylic Packaging Tapes, Hot Melt Packaging Tapes, Natural Rubber Packaging Tapes, Kraft Paper Tapes, Polyolefin Shrink Films etc.
The Co also produces many types of specialty tapes like Filament Tapes, Carry Handle Tapes, Tear Tapes, Tamper evident Tapes and many more. [1][2]

  • Market Cap 218 Cr.
  • Current Price 425
  • High / Low 658 / 209
  • Stock P/E 17.2
  • Book Value 107
  • Dividend Yield 0.00 %
  • ROCE 20.2 %
  • ROE 25.5 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.6% CAGR over last 5 years

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

Sector: Packaging Industry: Packaging

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
40.31 40.67 39.88 32.17 42.36 43.33 51.80 76.16 84.24 103.36 135.37 126.11 118.04
36.25 37.30 36.83 30.32 39.35 37.83 47.85 67.31 76.49 97.83 125.13 116.54 110.93
Operating Profit 4.06 3.37 3.05 1.85 3.01 5.50 3.95 8.85 7.75 5.53 10.24 9.57 7.11
OPM % 10.07% 8.29% 7.65% 5.75% 7.11% 12.69% 7.63% 11.62% 9.20% 5.35% 7.56% 7.59% 6.02%
1.05 1.23 1.86 1.55 2.83 1.17 1.56 1.12 0.78 2.01 1.77 -0.24 1.89
Interest 1.51 1.60 1.16 1.13 1.52 1.41 1.30 1.83 1.88 1.87 1.74 2.86 1.85
Depreciation 1.45 1.47 1.41 2.55 1.64 1.63 1.65 3.34 2.61 2.72 2.80 2.80 2.88
Profit before tax 2.15 1.53 2.34 -0.28 2.68 3.63 2.56 4.80 4.04 2.95 7.47 3.67 4.27
Tax % 0.00% 0.00% 0.00% 300.00% 0.00% 52.62% 60.55% 30.42% 26.49% 34.24% 31.86% 31.34% 27.87%
Net Profit 2.15 1.53 2.34 0.56 2.68 1.72 1.01 3.34 2.97 1.94 5.09 2.52 3.08
EPS in Rs 4.20 2.99 4.57 1.09 5.24 3.36 1.97 6.53 5.80 3.79 9.95 4.93 6.02

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
63 67 76 78 76 69 74 76 140 153 214 449 483
57 61 68 69 67 59 63 68 129 141 192 416 450
Operating Profit 6 6 8 8 9 10 11 8 11 12 21 33 32
OPM % 10% 9% 10% 11% 12% 14% 15% 11% 8% 8% 10% 7% 7%
-0 0 0 0 0 0 1 1 4 6 7 4 5
Interest 2 2 3 3 3 3 3 3 5 5 6 8 8
Depreciation 2 2 2 2 4 3 3 3 6 7 8 11 11
Profit before tax 3 2 2 3 3 3 5 3 4 6 14 18 18
Tax % 33% 30% 35% 25% 38% 35% 8% 26% 33% -15% 36% 31%
Net Profit 2 2 2 2 2 2 5 2 2 7 9 13 13
EPS in Rs 3.46 3.07 3.09 4.67 3.07 4.14 9.60 4.87 4.63 12.86 17.10 24.47 24.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 10% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 43%
3 Years: 48%
TTM: 89%
Compounded Profit Growth
10 Years: 23%
5 Years: 21%
3 Years: 74%
TTM: 40%
Stock Price CAGR
10 Years: 41%
5 Years: 42%
3 Years: 72%
1 Year: 40%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 23%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5 5 5 5 5 5 5 5 5 5 5 5
Reserves 5 7 8 11 12 14 19 22 24 30 38 50
17 24 21 24 22 21 21 49 54 70 84 80
11 9 12 14 15 12 13 20 28 21 37 66
Total Liabilities 38 44 46 54 54 53 58 96 111 126 164 201
10 23 23 22 24 22 23 21 56 62 76 80
CWIP 5 1 0 0 0 0 1 32 0 11 0 0
Investments 0 0 0 0 0 2 2 2 1 1 1 5
22 20 24 32 30 29 32 42 54 52 86 116
Total Assets 38 44 46 54 54 53 58 96 111 126 164 201

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3 5 6 3 10 8 7 5 11 10 6 25
-6 -10 -1 -2 -6 -3 -5 -31 -10 -23 -12 -15
3 5 -4 -0 -4 -5 -3 26 -1 12 8 -10
Net Cash Flow 1 -1 0 1 -0 0 -1 1 1 -1 2 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 59 50 55 67 63 62 70 74 59 43 55 38
Inventory Days 66 66 65 79 99 126 120 162 88 75 68 56
Days Payable 57 42 59 76 78 72 79 122 80 41 55 47
Cash Conversion Cycle 67 74 61 69 84 115 110 114 67 77 68 47
Working Capital Days 77 71 61 74 79 87 99 107 69 75 84 41
ROCE % 20% 14% 17% 18% 15% 17% 19% 10% 11% 12% 17% 20%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48
0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
31.52 31.52 31.51 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.52

Documents