HP Adhesives Ltd
Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives
and sealants along with other ancillary
products[1]
- Market Cap ₹ 469 Cr.
- Current Price ₹ 51.0
- High / Low ₹ 108 / 42.6
- Stock P/E 26.2
- Book Value ₹ 20.0
- Dividend Yield 0.57 %
- ROCE 13.9 %
- ROE 10.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 45.8% CAGR over last 5 years
Cons
- Stock is trading at 2.55 times its book value
- Company has a low return on equity of 10.4% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
85 | 118 | 165 | 233 | 236 | 251 | |
80 | 106 | 153 | 214 | 205 | 226 | |
Operating Profit | 4 | 12 | 11 | 19 | 31 | 26 |
OPM % | 5% | 10% | 7% | 8% | 13% | 10% |
-5 | 6 | 3 | 2 | 3 | 4 | |
Interest | 3 | 3 | 3 | 2 | 2 | 2 |
Depreciation | 2 | 2 | 3 | 3 | 4 | 5 |
Profit before tax | -5 | 13 | 8 | 15 | 28 | 23 |
Tax % | -13% | 24% | 26% | 28% | 27% | 23% |
-5 | 10 | 6 | 11 | 21 | 18 | |
EPS in Rs | -0.73 | 1.55 | 0.65 | 1.18 | 2.24 | 1.94 |
Dividend Payout % | -0% | -0% | -0% | -0% | 13% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 15% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 46% |
3 Years: | 44% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -11% |
1 Year: | -49% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 18 | 18 | 18 | 18 |
Reserves | -11 | -0 | 119 | 130 | 151 | 166 |
36 | 43 | 19 | 9 | 3 | 8 | |
19 | 35 | 40 | 28 | 26 | 36 | |
Total Liabilities | 57 | 90 | 195 | 185 | 198 | 228 |
11 | 19 | 26 | 39 | 52 | 73 | |
CWIP | 1 | 7 | 18 | 17 | 16 | 4 |
Investments | -0 | -0 | -0 | -0 | 18 | 25 |
45 | 64 | 152 | 129 | 111 | 126 | |
Total Assets | 57 | 90 | 195 | 185 | 198 | 228 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
1 | 11 | -10 | -5 | 23 | 10 | |
-5 | -16 | -67 | 8 | -15 | -9 | |
4 | 5 | 86 | -12 | -7 | 2 | |
Net Cash Flow | -1 | 0 | 9 | -10 | 0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 86 | 71 | 71 | 58 | 56 | 61 |
Inventory Days | 125 | 146 | 124 | 97 | 118 | 130 |
Days Payable | 103 | 116 | 95 | 44 | 40 | 53 |
Cash Conversion Cycle | 107 | 100 | 100 | 112 | 134 | 137 |
Working Capital Days | 97 | 85 | 107 | 107 | 109 | 155 |
ROCE % | 34% | 11% | 12% | 18% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Newspaper Publication of Audit Financial Results for the quarter and year ended 31st March, 2025
-
Statement Of Deviation And Variation In The Use Of Proceed For The Quarter Ended Q4FY25
14 May - No deviation in IPO fund usage for quarter ended March 2025; funds used as per original allocation.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Monitoring Agency Report on IPO proceeds utilization for Q4 FY2025 submitted.
-
Corporate Action-Board to consider Dividend
13 May - HP Adhesives reports FY25 audited results; recommends ₹0.40/share dividend, subject to AGM approval.
-
Results For The Quarter And Year Ended 31.03.2025
13 May - HP Adhesives reports FY25 audited results; recommends ₹0.40/share dividend, revenue ₹25,287 lakh, PAT ₹1,824 lakh.
Annual reports
Concalls
-
Sep 2023TranscriptNotesPPT
Business Overview:[1]
HPAL manufactures solvent cements, synthetic rubber adhesives and PVA adhesives, silicone sealants and gasket shellac & also trades in Ball Valves, PTFE and Masking Tape