Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 168 Cr.
- Current Price ₹ 328
- High / Low ₹ 488 / 281
- Stock P/E 10.9
- Book Value ₹ 178
- Dividend Yield 0.00 %
- ROCE 16.0 %
- ROE 18.4 %
- 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 | |
|---|---|---|---|---|---|---|
| 70 | 76 | 449 | 321 | 303 | 285 | |
| 61 | 65 | 416 | 301 | 271 | 251 | |
| Operating Profit | 10 | 11 | 33 | 20 | 33 | 34 |
| OPM % | 14% | 15% | 7% | 6% | 11% | 12% |
| 0 | 1 | 4 | 3 | 3 | 5 | |
| Interest | 3 | 3 | 8 | 7 | 5 | 6 |
| Depreciation | 3 | 4 | 11 | 11 | 9 | 11 |
| Profit before tax | 3 | 5 | 18 | 6 | 22 | 21 |
| Tax % | 39% | 8% | 31% | 16% | 25% | 28% |
| 2 | 5 | 13 | 5 | 16 | 15 | |
| EPS in Rs | 3.44 | 9.32 | 24.47 | 9.50 | 32.07 | 30.08 |
| Dividend Payout % | 0% | 11% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 30% |
| 3 Years: | -10% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| 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 | 44 | 59 | |
| Total Liabilities | 53 | 58 | 201 | 168 | 189 | 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 | 107 | 126 | |
| Total Assets | 53 | 58 | 201 | 168 | 189 | 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 | 84 | 84 | 41 | 53 | 56 | 78 |
| ROCE % | 19% | 10% | 20% | 16% |
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. 56m
-
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
20h - 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.
20h - 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.
20h - 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
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Financial Year 2024
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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.