SPEB Adhesives Ltd
Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives.[1]
- Market Cap ₹ 193 Cr.
- Current Price ₹ 86.0
- High / Low ₹ 98.2 / 46.6
- Stock P/E 28.1
- Book Value ₹ 24.8
- Dividend Yield 0.00 %
- ROCE 23.0 %
- ROE 16.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 27.88 | 38.35 | 42.56 | 44.86 | 50.57 | |
| 24.25 | 35.96 | 36.02 | 36.84 | 41.48 | |
| Operating Profit | 3.63 | 2.39 | 6.54 | 8.02 | 9.09 |
| OPM % | 13.02% | 6.23% | 15.37% | 17.88% | 17.98% |
| 0.38 | 0.42 | 0.60 | 0.90 | 0.87 | |
| Interest | 0.22 | 0.02 | 0.02 | 0.02 | 0.05 |
| Depreciation | 0.35 | 0.32 | 0.48 | 0.44 | 0.62 |
| Profit before tax | 3.44 | 2.47 | 6.64 | 8.46 | 9.29 |
| Tax % | 24.71% | 27.53% | 25.75% | 28.49% | 26.16% |
| 2.60 | 1.79 | 4.94 | 6.05 | 6.87 | |
| EPS in Rs | 2,940.48 | 3.44 | 3.06 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 22% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.18 | 0.18 | 0.17 | 17.61 | 22.46 |
| Reserves | 17.37 | 19.15 | 19.30 | 7.75 | 33.29 |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | |
| 1.25 | 1.14 | 1.23 | 1.91 | 2.23 | |
| Total Liabilities | 18.80 | 20.47 | 20.70 | 27.27 | 57.97 |
| 2.03 | 1.71 | 2.56 | 2.30 | 3.50 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.26 | 3.13 | 0.00 | 0.00 | 0.00 |
| 13.51 | 15.63 | 18.14 | 24.97 | 54.47 | |
| Total Assets | 18.80 | 20.47 | 20.70 | 27.27 | 57.97 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -1.12 | 0.37 | 3.91 | 6.56 | 4.74 | |
| 3.26 | 0.42 | 2.31 | -6.14 | -10.51 | |
| -2.76 | 0.00 | -4.93 | -0.52 | 24.03 | |
| Net Cash Flow | -0.62 | 0.78 | 1.29 | -0.10 | 18.27 |
| Free Cash Flow | -1.47 | 0.37 | 2.62 | 6.20 | -10.01 |
| CFO/OP | -1% | 52% | 85% | 110% | 80% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 84.44 | 72.43 | 53.09 | 55.82 | 58.03 |
| Inventory Days | 52.89 | 39.59 | 36.22 | 28.31 | 35.11 |
| Days Payable | 0.00 | 0.00 | 9.67 | 10.81 | 17.56 |
| Cash Conversion Cycle | 137.33 | 112.02 | 79.63 | 73.32 | 75.59 |
| Working Capital Days | 115.21 | 98.98 | 72.64 | 67.53 | 68.93 |
| ROCE % | 13.50% | 34.12% | 38.59% | 23.03% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
- Company held a plant visit and analyst interaction with Phillip Capital, You First Capital, and Eklavya Invesco on 9 October 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
- Investor meet and plant visit with buy-side funds on 9 October 2026 in Taloja.
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Trading Window
- Trading window closed from 1 Oct 2026 till 48 hours after Q2/H1 FY2026 results.
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Shareholders meeting
- 36th AGM held on 28 Sep 2026; all resolutions passed with requisite majority.
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Shareholders meeting
- SPEB Adhesives held its 36th AGM on 28 September 2026; shareholders approved audited financials and director reappointment.
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.