HP Adhesives Ltd

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

₹ 33.5 -0.89%
01 Oct 12:50 p.m.
hpadhesives.com BSE: 543433 NSE: HPAL
About

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives
and sealants along with other ancillary
products[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 308 Cr.
  • Current Price ₹ 33.5
  • High / Low ₹ 53.0 / 26.3
  • Stock P/E 128
  • Book Value ₹ 20.4
  • Dividend Yield 1.18 %
  • ROCE 5.52 %
  • ROE 3.97 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.7%

Cons

  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 8.42% over last 3 years.
  • Earnings include an other income of Rs.2.75 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
59.32 62.60 54.75 59.31 60.52 58.93 66.65 66.16 66.10 65.06 61.97 57.82 63.42
53.04 55.26 46.97 50.50 52.98 52.40 60.40 61.06 59.58 58.69 58.02 61.58 63.75
Operating Profit 6.28 7.34 7.78 8.81 7.54 6.53 6.25 5.10 6.52 6.37 3.95 -3.76 -0.33
OPM % 10.59% 11.73% 14.21% 14.85% 12.46% 11.08% 9.38% 7.71% 9.86% 9.79% 6.37% -6.50% -0.52%
0.98 1.04 0.62 0.88 1.48 0.19 1.32 1.53 1.10 0.52 0.44 0.73 1.06
Interest 0.37 0.21 0.18 0.56 0.47 0.51 0.58 0.59 0.64 0.63 0.64 0.75 0.81
Depreciation 1.03 1.08 1.11 1.08 1.13 1.16 1.18 1.25 1.41 1.45 1.51 1.46 1.27
Profit before tax 5.86 7.09 7.11 8.05 7.42 5.05 5.81 4.79 5.57 4.81 2.24 -5.24 -1.35
Tax % 22.87% 26.09% 26.72% 30.43% 24.26% 17.43% 27.71% 25.05% 24.60% 26.20% 27.68% -54.58% -33.33%
4.51 5.24 5.21 5.61 5.61 4.17 4.21 3.59 4.19 3.53 1.62 -2.37 -0.91
EPS in Rs 0.49 0.57 0.57 0.61 0.61 0.45 0.46 0.39 0.46 0.38 0.18 -0.26 -0.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026 TTM
236 250 249 248
205 224 236 242
Operating Profit 31 26 13 6
OPM % 13% 10% 5% 2.5%
4 5 3 3
Interest 2 2 3 3
Depreciation 4 5 6 6
Profit before tax 28 24 7 0
Tax % 27% 23% 5%
21 18 7 2
EPS in Rs 2.24 1.99 0.76 0.20
Dividend Payout % 13% 20% 53%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -85%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -29%
1 Year: -30%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Equity Capital 18 18 18
Reserves 151 166 169
3 8 4
26 36 40
Total Liabilities 198 228 232
52 73 73
CWIP 16 4 5
Investments 18 25 22
111 126 133
Total Assets 198 228 232

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
22 17 7
-15 -16 -2
-6 2 -8
Net Cash Flow 0 2 -2
Free Cash Flow 5 3 -6
CFO/OP 94% 92% 82%

Ratios

Consolidated / View Standalone

Mar 2024 Mar 2025 Mar 2026
Debtor Days 56 61 55
Inventory Days 118 132 120
Days Payable 40 54 66
Cash Conversion Cycle 134 139 109
Working Capital Days 106 97 118
ROCE % 14% 6%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Domestic Distributors
count ・Standalone data

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Number of Export Countries
count ・Standalone data
Silicone Sealants Share of Revenue
% ・Standalone data
Solvent Cement Share of Revenue
% ・Standalone data
Installed Capacity
MTPA ・Standalone data
Number of Permanent Employees
count ・Standalone data
Number of Sales Depots
count ・Standalone data
Solvent Cement SKUs
count ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35% 71.35%
2.81% 0.71% 0.25% 0.08% 0.10% 0.03% 0.16% 0.04% 0.02% 0.01% 0.02% 0.01%
3.72% 3.72% 3.72% 3.72% 3.28% 2.86% 2.82% 1.34% 0.00% 0.00% 0.00% 0.00%
22.12% 24.22% 24.68% 24.86% 25.28% 25.76% 25.66% 27.27% 28.63% 28.64% 28.63% 28.64%
No. of Shareholders 26,75743,68049,90952,08156,36956,88157,83557,43057,13455,42653,66252,585

* 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.

Click on the line-items to see the names of individual entities.

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  • Sep 2023
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