SPEB Adhesives Ltd
Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.[1]
- Market Cap ₹ 129 Cr.
- Current Price ₹ 57.4
- High / Low ₹ 60.0 / 54.0
- Stock P/E 21.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 37.1 %
- ROE 26.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
* 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
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 27.88 | 38.35 | 42.56 | 44.78 | |
| 24.25 | 35.96 | 36.02 | 36.77 | |
| Operating Profit | 3.63 | 2.39 | 6.54 | 8.01 |
| OPM % | 13.02% | 6.23% | 15.37% | 17.89% |
| 0.38 | 0.42 | 0.60 | 0.58 | |
| Interest | 0.22 | 0.02 | 0.02 | 0.02 |
| Depreciation | 0.35 | 0.32 | 0.48 | 0.44 |
| Profit before tax | 3.44 | 2.47 | 6.64 | 8.13 |
| Tax % | 24.71% | 27.53% | 25.75% | 27.55% |
| 2.60 | 1.79 | 4.94 | 5.89 | |
| EPS in Rs | 2,940.48 | 3.34 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 27% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.18 | 0.18 | 0.17 | 17.61 |
| Reserves | 17.37 | 19.15 | 19.30 | 7.75 |
| 0.00 | 0.00 | 0.00 | 0.00 | |
| 1.25 | 1.14 | 1.23 | 1.91 | |
| Total Liabilities | 18.80 | 20.47 | 20.70 | 27.27 |
| 2.03 | 1.71 | 2.56 | 2.30 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.26 | 3.13 | 0.00 | 0.00 |
| 13.51 | 15.63 | 18.14 | 24.97 | |
| Total Assets | 18.80 | 20.47 | 20.70 | 27.27 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -1.12 | 0.37 | 3.91 | -0.93 | |
| 3.26 | 0.42 | 2.31 | 0.31 | |
| -2.76 | 0.00 | -4.93 | 0.52 | |
| Net Cash Flow | -0.62 | 0.78 | 1.29 | -0.10 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 84.44 | 72.43 | 53.09 | 55.92 |
| Inventory Days | 52.89 | 39.59 | 36.22 | 28.38 |
| Days Payable | 0.00 | 0.00 | 9.67 | 10.83 |
| Cash Conversion Cycle | 137.33 | 112.02 | 79.63 | 73.46 |
| Working Capital Days | 115.21 | 98.98 | 72.64 | 67.65 |
| ROCE % | 13.50% | 34.12% | 37.12% |
Documents
Announcements
-
Updates
10 December 2025 - SPEB Adhesives adopted and filed Code for fair disclosure of UPSI, posted on website, dated 10 December 2025.
-
Updates
10 December 2025 - Ms. Monika Dhawan appointed Company Secretary & Compliance Officer w.e.f. May 15, 2025 at SPEB Adhesives.
-
Updates
10 December 2025 - Board authorized MD and WTD as KMPs for materiality; published UPSI fair disclosure code; dated 10 Dec 2025.
Business Profile[1]
SPEB Adhesives manufactures solvent-based synthetic rubber adhesives, specializing in polychloroprene-based and SBS-based products. Water-based adhesives are offered through contract manufacturing.