Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 160 Cr.
- Current Price ₹ 313
- High / Low ₹ 477 / 281
- Stock P/E 9.43
- Book Value ₹ 178
- Dividend Yield 0.00 %
- ROCE 15.8 %
- ROE 18.1 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 70 | 76 | 449 | 321 | 303 | 285 | 287 | |
| 61 | 65 | 416 | 301 | 271 | 250 | 249 | |
| Operating Profit | 10 | 11 | 33 | 20 | 33 | 34 | 38 |
| OPM % | 14% | 15% | 7% | 6% | 11% | 12% | 13% |
| 0 | 1 | 4 | 3 | 3 | 5 | 4 | |
| Interest | 3 | 3 | 8 | 7 | 5 | 6 | 7 |
| Depreciation | 3 | 4 | 11 | 11 | 9 | 11 | 11 |
| Profit before tax | 3 | 5 | 18 | 6 | 22 | 21 | 24 |
| Tax % | 39% | 8% | 31% | 16% | 25% | 28% | |
| 2 | 5 | 13 | 5 | 16 | 15 | 17 | |
| EPS in Rs | 3.44 | 9.32 | 24.47 | 9.50 | 32.07 | 30.08 | 33.25 |
| Dividend Payout % | 0% | 11% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 28% |
| 3 Years: | -9% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 14 | 19 | 50 | 55 | 71 | 86 |
| 21 | 21 | 80 | 66 | 69 | 109 | |
| 13 | 13 | 66 | 42 | 51 | 59 | |
| Total Liabilities | 53 | 58 | 201 | 168 | 195 | 259 |
| 23 | 23 | 80 | 77 | 73 | 71 | |
| CWIP | 0 | 1 | 0 | 0 | 6 | 59 |
| Investments | 2 | 2 | 5 | 3 | 2 | 3 |
| 29 | 32 | 116 | 88 | 114 | 126 | |
| Total Assets | 53 | 58 | 201 | 168 | 195 | 259 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 8 | 8 | 25 | 27 | 13 | 18 | |
| -3 | -5 | -15 | -10 | -9 | -49 | |
| -5 | -3 | -10 | -20 | -2 | 35 | |
| Net Cash Flow | 0 | -1 | -0 | -2 | 1 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 60 | 68 | 38 | 29 | 48 | 35 |
| Inventory Days | 126 | 120 | 56 | 86 | 72 | 148 |
| Days Payable | 73 | 86 | 47 | 42 | 48 | 87 |
| Cash Conversion Cycle | 113 | 102 | 47 | 74 | 72 | 96 |
| Working Capital Days | -6 | -0 | 2 | -1 | -6 | -7 |
| ROCE % | 19% | 10% | 20% | 16% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
-
Appointment Of Secretarial Auditor For Period Of 5 Years
30 Sep - Appointment of Mr. Puneet Kumar Pandey as secretarial auditor for FY2025-26 to FY2029-30, approved 30 Sep 2025.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
30 Sep - Amit Sharma appointed Independent Director at Hindustan Adhesives from 04.09.2025 for five-year term.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep
-
Closure of Trading Window
26 Sep - Trading window closed for Designated Persons until 48 hours after Sep 30, 2025 quarter results.
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
from bse
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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.