Hindustan Adhesives Limited
NSE: HINDADHPlastic Products - Industrial
Share price
₹386.75
+0.51% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
60
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹193 Cr
P/E ratio
8.1
P/B ratio
1.8
ROCE
13.5%
ROE
16.0%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Mar 2022 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Mar 2022 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
At 8.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 26.9×, across 5 companies. It is against its own five-year median of 11.7×, the 9th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 49%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Hindustan Adhesives Limited — this one | 49%/yr | 8.1× | ₹0.16 |
| Garware Hi-Tech Films Limited | 27%/yr | 41.1× | ₹1.5 |
| Finolex Industries Limited | 33%/yr | 15.1× | ₹0.46 |
| Kingfa Science & Technology (India) Limited | 32%/yr | 42.3× | ₹1.3 |
| Time Technoplast Limited | 28%/yr | 18.0× | ₹0.64 |
| Prince Pipes And Fittings Limited | -15%/yr | 26.9× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Plastic Products - Industrial), it ranks 11 of 24 on returns, 21 of 22 on growth, 11 of 24 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 13.5% on capital, ahead of 54% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Roughly — Over the last five years it made ₹110 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 7 years, about 177 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 2 days for its cash to paid 29 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 14 Aug 2026 · Consolidated · Unaudited
Revenue
₹80 Cr
Revenue vs last year
+20.3%
Revenue vs last quarter
+38.5%
Net profit
₹11 Cr
Profit vs last year
+166.0%
Profit vs last quarter
+964.0%
Net margin
13.3%
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹193 Cr
- Prev close
- ₹386.75
- 52w High
- ₹403
- 52w Low
- ₹248
- Enterprise value
- ₹318 Cr
- Beta
- 0.9
- Price CAGR 1y
- 17.0%
- Price CAGR 3y
- 12.0%
- Price CAGR 5y
- 6.0%
- Price CAGR 10y
- 21.0%
Ratios
- Return on assets
- 5.2%
- PEG ratio
- 0.2
- P/E ratio
- 8.1
- P/B ratio
- 1.8
- EV / EBITDA
- 8.9
- Industry P/E
- 23.1
- ROCE
- 13.5%
- ROCE 5y average
- 14.8%
- ROE
- 16.0%
- Debt / Equity
- 1.1
- Interest coverage
- 3.5
- Dividend yield
- 0.0%
- ROE 3y average
- 19.0%
- ROE last year
- 16.0%
Annual P&L
- Annual revenue
- ₹255 Cr
- Annual profit
- ₹15 Cr
- Operating margin
- 14.0%
- Net profit margin
- 5.9%
- EBITDA margin
- 14.1%
- Sales growth 3y
- -7.4%
- Sales growth 5y
- 27.4%
- Profit growth 3y
- 49.0%
- Profit growth 5y
- —
- EPS
- ₹29.1
- Sales growth TTM
- -6.0%
- Profit growth TTM
- 32.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹80 Cr
- Profit latest quarter
- ₹11 Cr
- YoY quarterly sales growth
- 20.3%
- YoY quarterly profit growth
- 175.0%
- OPM latest quarter
- 26.8%
Balance Sheet
- Book Value
- ₹218
- Face Value
- ₹10.0
- Total debt
- ₹122 Cr
- Total cash
- ₹2 Cr
- Borrowings
- ₹122 Cr
- Reserves / Equity
- 20.8
Cash Flow
- Operating cash flow
- ₹31 Cr
- Free cash flow
- ₹10 Cr
- FCF yield
- 1.0%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 68.5%
- FII holding
- —
- DII holding
- —
- Public holding
- 31.5%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Supreme Inds. | 3,380.15 | 41.6 | 42,937 | 1.07 | 280.7 | 38.8 | 2,717.7 | 4.2 | 20.7 |
| Astral | 1,350.15 | 61.2 | 36,272 | 0.30 | 120.2 | 48.2 | 1,578.0 | 15.9 | 19.2 |
| Garware Hi Tech | 6,731.05 | 40.3 | 15,638 | 0.17 | 132.7 | 59.8 | 633.1 | 27.9 | 18.1 |
| Finolex Inds. | 148.80 | 14.9 | 9,233 | 1.32 | 114.5 | 16.7 | 883.6 | -15.3 | 11.8 |
| Kingfa Science | 6,574.35 | 39.5 | 8,909 | 0.30 | 80.2 | 101.6 | 688.6 | 49.1 | 23.2 |
| Time Technoplast | 178.35 | 17.9 | 8,804 | 0.82 | 117.9 | 22.2 | 1,692.7 | 25.1 | 16.5 |
| Prince Pipes | 244.95 | 26.0 | 2,708 | 0.41 | 33.8 | 600.2 | 609.4 | 5.0 | 6.0 |
| Hind.Adhesive | 387.00 | 8.8 | 198 | 0.00 | 10.6 | 183.7 | 79.8 | 20.3 | 13.5 |
| Median | 163.57 | 22.2 | 313 | 0.00 | 5.2 | 21.4 | 95.2 | 16.2 | 13.9 |
Competes with: Astral Limited, Finolex Industries Limited, Garware Hi-Tech Films Limited, Kingfa Science & Technology (India) Limited, Prince Pipes And Fittings Limited, Supreme Industries Limited, Time Technoplast Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81 | 81 | 70 | 72 | 64 | 84 | 73 | 64 | 66 | 65 | 67 | 58 | 80 |
| Expenses | 74 | 73 | 61 | 64 | 59 | 74 | 64 | 53 | 58 | 54 | 57 | 51 | 58 |
| Material Cost | 38 | ||||||||||||
| Change in Inventories | -3.46 | ||||||||||||
| Purchases of Stock-in-Trade | 0.78 | ||||||||||||
| Employee Cost | 6.63 | ||||||||||||
| Other Expenses | 16 | ||||||||||||
| Operating Profit | 7 | 8 | 10 | 8 | 5 | 10 | 9 | 10 | 9 | 10 | 10 | 7 | 21 |
| OPM % | 9.08 | 10 | 14 | 11 | 7.93 | 12 | 12 | 16 | 13 | 16 | 15 | 12 | 27 |
| Other Income | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 2 | 3 | 3 | 4 | 4 |
| Profit before tax | 5 | 6 | 7 | 4 | 3 | 7 | 6 | 5 | 5 | 8 | 7 | 0 | 15 |
| Tax % | 14 | 31 | 36 | 10 | 25 | 25 | 26 | 37 | 27 | 24 | 34 | -102 | 29 |
| Net Profit | 4 | 4 | 5 | 4 | 2 | 5 | 5 | 3 | 4 | 6 | 5 | 1 | 11 |
| EPS in Rs | 8.27 | 7.56 | 8.89 | 7.35 | 4.16 | 11 | 8.97 | 6.45 | 7.33 | 11 | 8.81 | 1.82 | 21 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 70 | 76 | 449 | 321 | 303 | 285 | 255 | 269 |
| Expenses | 61 | 65 | 416 | 301 | 271 | 250 | 219 | 220 |
| Operating Profit | 10 | 11 | 33 | 20 | 33 | 34 | 36 | 49 |
| OPM % | 14 | 15 | 7 | 6 | 11 | 12 | 14 | 18 |
| Other Income | 0 | 1 | 4 | 3 | 3 | 5 | 3 | 3 |
| Interest | 3 | 3 | 8 | 7 | 5 | 6 | 8 | 8 |
| Depreciation | 3 | 4 | 11 | 11 | 9 | 11 | 12 | 14 |
| Profit before tax | 3 | 5 | 18 | 6 | 22 | 21 | 20 | 30 |
| Tax % | 39 | 8 | 31 | 16 | 25 | 28 | 25 | |
| Net Profit | 2 | 5 | 13 | 5 | 16 | 15 | 15 | 22 |
| EPS in Rs | 3.44 | 9.32 | 24 | 9.50 | 32 | 30 | 29 | 43 |
| Dividend Payout % | 0 | 11 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 27%
- 3 years
- -7%
- TTM
- -6%
Compounded profit growth
- 10 years
- 25%
- 5 years
- —
- 3 years
- 49%
- TTM
- 32%
Stock price CAGR
- 10 years
- 21%
- 5 years
- 6%
- 3 years
- 12%
- 1 year
- 17%
Return on equity
- 10 years
- —
- 5 years
- 18%
- 3 years
- 19%
- Last year
- 16%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 14 | 19 | 50 | 55 | 71 | 86 | 104 |
| Borrowings | 21 | 21 | 80 | 66 | 69 | 109 | 122 |
| Other Liabilities | 13 | 13 | 66 | 42 | 51 | 54 | 57 |
| Total Liabilities | 53 | 58 | 201 | 168 | 195 | 253 | 288 |
| Fixed Assets | 23 | 23 | 80 | 77 | 73 | 71 | 114 |
| CWIP | 0 | 1 | 0 | 0 | 6 | 59 | 44 |
| Investments | 2 | 2 | 5 | 3 | 2 | 3 | 6 |
| Other Assets | 29 | 32 | 116 | 88 | 114 | 121 | 124 |
| Total Assets | 53 | 58 | 201 | 168 | 195 | 253 | 288 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8 | 8 | 25 | 27 | 13 | 14 | 31 |
| Cash from Investing Activity | -3 | -5 | -15 | -10 | -9 | -49 | -19 |
| Cash from Financing Activity | -5 | -3 | -10 | -20 | -2 | 35 | -11 |
| Net Cash Flow | 0 | -1 | -0 | -2 | 1 | 0 | 0 |
| Free Cash Flow | 7 | 3 | 10 | 19 | 2 | -45 | 10 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 68 | 38 | 29 | 48 | 35 | 44 |
| Inventory Days | 126 | 120 | 56 | 86 | 72 | 148 | 168 |
| Days Payable | 73 | 86 | 47 | 42 | 48 | 87 | 95 |
| Cash Conversion Cycle | 113 | 102 | 47 | 74 | 72 | 96 | 117 |
| Working Capital Days | -6 | -0 | 2 | -1 | -6 | -7 | -29 |
| ROCE % | 19 | 10 | 20 | 16 | 13 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
News
News and filings about Hindustan Adhesives Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Plastic Products - Industrial
- Classification
- Capital Goods › Plastic Products - Industrial
- ISIN
- INE074C01013
News impact
Big market events that reach Hindustan Adhesives Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
No dividends, splits or big trades on record.
Documents
Annual reports, results presentations and earnings calls, straight from the source.
No documents on record yet.
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.