Nikhil Adhesives Ltd

₹ 90.8 -2.18%

11 Jun - close price

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 ₹ 417 Cr.
Current Price ₹ 90.8
High / Low ₹ 153 / 79.0
Stock P/E 118
Book Value ₹ 3.58
Dividend Yield 0.22 %
ROCE 20.0 %
ROE 25.6 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 25.3 times its book value
Company has low interest coverage ratio.

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2010	Sep 2010	Dec 2010	Mar 2011	Jun 2011	Sep 2011	Dec 2011	Mar 2012
	28.84	31.73	34.09	35.70	40.70	42.29	36.74	46.70
	26.65	29.63	32.07	34.94	38.26	40.54	36.96	44.31
Operating Profit	2.19	2.10	2.02	0.76	2.44	1.75	-0.22	2.39
OPM %	7.59%	6.62%	5.93%	2.13%	6.00%	4.14%	-0.60%	5.12%
	0.00	0.01	0.03	0.39	0.01	0.01	0.00	-1.85
Interest	0.62	0.63	0.76	0.62	0.66	0.65	0.41	0.51
Depreciation	0.27	0.28	0.28	0.28	0.29	0.29	0.29	0.29
Profit before tax	1.30	1.20	1.01	0.25	1.50	0.82	-0.92	-0.26
Tax %	30.77%	29.17%	24.75%	116.00%	30.00%	42.68%	-36.96%	19.23%
	0.90	0.85	0.76	-0.04	1.05	0.47	-0.58	-0.31
EPS in Rs	0.23	0.22	0.20	-0.01	0.27	0.12	-0.15	-0.08
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014
	121	130	165	181	232
	114	123	157	172	220
Operating Profit	7	7	8	9	13
OPM %	6%	5%	5%	5%	5%
	0	1	-3	-2	-4
Interest	3	3	2	4	5
Depreciation	1	1	1	2	2
Profit before tax	4	4	1	1	0
Tax %	39%	34%	33%	62%	30%
	2	2	1	1	0
EPS in Rs	0.58	0.63	0.20	0.15	0.07
Dividend Payout %	21%	19%	41%	55%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	21%
TTM:	28%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	13%
TTM:	190%

Stock Price CAGR
10 Years:	37%
5 Years:	53%
3 Years:	9%
1 Year:	-22%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	19%
Last Year:	26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014
Equity Capital	4	4	4	4	4
Reserves	7	9	10	10	10
	20	16	27	32	44
	22	32	40	44	58
Total Liabilities	53	61	81	90	116
	9	10	9	22	25
CWIP	0	0	11	3	1
Investments	0	0	0	0	0
	44	51	61	65	91
Total Assets	53	61	81	90	116

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014
	4	10	2	8	-2
	-2	-2	-10	-9	-3
	-4	-7	8	1	5
Net Cash Flow	-1	1	-0	-0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014
Debtor Days	82	67	76	64	75
Inventory Days	40	65	38	42	45
Days Payable	65	88	85	88	95
Cash Conversion Cycle	56	44	29	18	26
Working Capital Days	63	44	34	26	36
ROCE %		21%	21%	16%	20%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 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	4,827	7,884	16,124	17,745	18,483	18,635	17,676	16,052	15,144	14,258	13,688	13,389

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	64.22%	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%	0.04%
	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	35.75%	45.54%	45.56%	45.56%	45.56%	45.56%	45.56%	45.56%	45.52%
No. of Shareholders	1,520	1,672	1,487	1,476	1,783	4,773	17,745	16,052	13,389

* 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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Nikhil Adhesives Ltd

Nikhil Adhesives Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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