HP Adhesives Ltd

₹ 439 0.17%
18 Aug - close price
About

HP Adhesives Limited is an adhesives and sealants company. The company manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricants. Apart from the above products, the company also sells ancillary products like ball valves, thread seals, and other tapes and FRP products for drainage and architectural solutions.[1]

Key Points

Leading Adhesive company[1]
HP Adhesives Ltd. is a fast-growing multi-product, multi-category consumer adhesives, and sealants company, for PVC solvent cement products the company is amongst the leading manufacturing companies in India in the consumer segment of the adhesive industry.

  • Market Cap 807 Cr.
  • Current Price 439
  • High / Low 505 / 315
  • Stock P/E 105
  • Book Value 74.7
  • Dividend Yield 0.00 %
  • ROCE 10.9 %
  • ROE 8.01 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.4.77 Cr.
  • Company's cost of borrowing seems high

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
34.65 38.59 23.92 46.59 43.66 50.42 61.64
30.86 34.66 22.27 43.12 39.42 48.49 59.58
Operating Profit 3.79 3.93 1.65 3.47 4.24 1.93 2.06
OPM % 10.94% 10.18% 6.90% 7.45% 9.71% 3.83% 3.34%
1.16 2.73 -0.80 3.02 0.21 0.40 1.14
Interest 0.54 0.90 0.68 1.04 0.80 0.61 0.56
Depreciation 0.41 0.45 0.69 0.72 0.74 0.69 0.77
Profit before tax 4.00 5.31 -0.52 4.73 2.91 1.03 1.87
Tax % 21.50% 24.86% 21.15% 25.79% 26.12% 33.01% 26.74%
Net Profit 3.13 4.00 -0.41 3.51 2.15 0.69 1.37
EPS in Rs 2.41 3.08 -0.29 2.47 1.17 0.38 0.75

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 TTM
85 118 165 202
80 106 153 191
Operating Profit 4 12 11 12
OPM % 5% 10% 7% 6%
-5 6 3 5
Interest 3 3 3 3
Depreciation 2 2 3 3
Profit before tax -5 13 8 11
Tax % 13% 24% 26%
Net Profit -5 10 6 8
EPS in Rs -3.64 7.74 3.27 4.77
Dividend Payout % -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022
13 13 18
Reserves -11 -0 119
36 43 15
19 35 43
Total Liabilities 57 90 195
11 19 26
CWIP 1 7 18
Investments -0 -0 -0
45 64 152
Total Assets 57 90 195

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022
1 22 -10
-5 -16 -29
4 -5 86
Net Cash Flow -1 0 47

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022
Debtor Days 86 71 71
Inventory Days 125 146 124
Days Payable 103 116 96
Cash Conversion Cycle 107 100 100
Working Capital Days 97 52 98
ROCE % 34% 11%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2021 Mar 2022 Jun 2022
71.35 71.35 71.35
11.79 5.43 5.01
16.87 23.22 23.64

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