Nikhil Adhesives Ltd

Nikhil Adhesives Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Nikhil Adhesives Ltd

₹ 118 3.69%
11 Jul - close price
nikhiladhesives.com BSE: 526159
About

Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]

Key Points

Business Vertical **
a) Adhesives and Specialty Chemicals[1]
Product Portfolio - B2B **
- Emulsions (Paint Emulsions and Textile Emulsions & Binders)- 71+ products,
- Industrial Adhesives- 42+ products,
- Construction Chemicals- 6+ products,
RDP (100% import substitute)- 1 product ppt

Website BSE
  • Market Cap ₹ 542 Cr.
  • Current Price ₹ 118
  • High / Low ₹ 149 / 79.0
  • Stock P/E 32.1
  • Book Value ₹ 28.2
  • Dividend Yield 0.17 %
  • ROCE 17.1 %
  • ROE 13.8 %
  • Face Value ₹ 1.00
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Pros

Cons

  • The company has delivered a poor sales growth of 6.75% over past five years.
  • Dividend payout has been low at 6.12% of profits over last 3 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
217.98 224.28 196.69 161.81 160.68 142.08 143.81 130.29 148.02 161.17 147.69 134.21 141.52
207.08 213.69 188.58 154.61 152.00 135.29 136.27 122.73 139.13 151.59 138.29 125.62 132.03
Operating Profit 10.90 10.59 8.11 7.20 8.68 6.79 7.54 7.56 8.89 9.58 9.40 8.59 9.49
OPM % 5.00% 4.72% 4.12% 4.45% 5.40% 4.78% 5.24% 5.80% 6.01% 5.94% 6.36% 6.40% 6.71%
0.25 0.14 0.15 0.09 0.10 0.13 0.07 0.05 0.10 0.12 0.12 0.19 0.13
Interest 1.58 1.24 1.45 1.74 1.88 1.51 1.60 1.77 2.09 1.90 2.05 2.13 2.04
Depreciation 1.11 1.11 1.16 1.56 1.38 1.31 1.49 1.67 1.76 1.68 1.71 1.92 1.77
Profit before tax 8.46 8.38 5.65 3.99 5.52 4.10 4.52 4.17 5.14 6.12 5.76 4.73 5.81
Tax % 27.54% 25.06% 25.13% 27.57% 34.24% 25.12% 23.45% 29.02% 26.85% 25.65% 20.31% 26.00% 27.37%
6.13 6.28 4.23 2.90 3.63 3.07 3.45 2.96 3.76 4.55 4.59 3.50 4.22
EPS in Rs 1.34 1.37 0.92 0.63 0.79 0.67 0.75 0.64 0.82 0.99 1.00 0.76 0.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
232 251 266 260 330 446 422 491 814 743 564 585
220 242 255 248 317 430 403 460 770 709 533 548
Operating Profit 13 8 11 11 13 17 19 31 43 35 31 37
OPM % 5% 3% 4% 4% 4% 4% 5% 6% 5% 5% 5% 6%
-4 1 0 0 -0 1 1 0 1 0 0 1
Interest 6 6 8 7 7 8 8 7 6 6 7 8
Depreciation 2 2 2 1 2 2 3 3 4 5 6 7
Profit before tax 0 1 2 3 4 7 9 21 34 24 18 22
Tax % 30% 30% 12% 33% 34% 30% 23% 26% 26% 28% 26% 25%
0 0 2 2 3 5 7 16 25 17 13 17
EPS in Rs 0.07 0.10 0.41 0.52 0.62 1.14 1.53 3.41 5.50 3.71 2.88 3.67
Dividend Payout % 0% 0% 0% 0% 16% 9% 7% 4% 4% 5% 7% 6%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: -10%
TTM: 4%
Compounded Profit Growth
10 Years: 46%
5 Years: 19%
3 Years: -13%
TTM: 27%
Stock Price CAGR
10 Years: 42%
5 Years: 59%
3 Years: 13%
1 Year: -12%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 15%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 4 4 4 5 5 5 5 5 5 5 5
Reserves 10 10 12 14 30 35 41 56 81 97 109 125
44 36 35 46 32 34 34 28 28 35 54 59
58 61 68 67 89 113 111 202 203 159 128 134
Total Liabilities 116 112 119 130 157 186 191 291 316 295 295 323
25 25 24 23 30 37 44 54 64 76 94 96
CWIP 1 1 0 1 0 0 6 0 1 4 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
91 86 94 106 127 149 141 236 250 215 202 227
Total Assets 116 112 119 130 157 186 191 291 316 295 295 323

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2 16 13 -4 11 16 21 23 25 21 14 7
-3 -0 -2 -1 -6 -10 -12 -7 -15 -19 -17 -10
5 -15 -9 4 -5 -7 -9 -15 -6 -3 10 -3
Net Cash Flow -0 0 1 -0 -0 -0 -1 1 3 -1 7 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 75 62 61 91 86 79 82 112 65 54 65 71
Inventory Days 45 44 41 36 45 39 40 66 41 52 65 70
Days Payable 95 93 95 98 106 95 94 148 87 74 79 69
Cash Conversion Cycle 26 13 7 28 25 23 28 31 19 32 51 71
Working Capital Days 36 27 24 45 36 24 21 22 21 27 44 60
ROCE % 21% 13% 20% 17% 18% 22% 22% 33% 39% 24% 16% 17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44% 54.44%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04%
45.56% 45.56% 45.58% 45.56% 45.57% 45.57% 45.56% 45.56% 45.57% 45.56% 45.56% 45.52%
No. of Shareholders 4,8277,88416,12417,74518,48318,63517,67616,05215,14414,25813,68813,389

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2025
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  • Feb 2025
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  • Nov 2024
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