Price
Financials
Standalone, Rs crore| 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 | 143.81 | 130.29 | 148.02 | 161.17 | 147.69 | 134.21 | 149.11 | 125.25 | 131.05 | 133.07 | 165.96 | 188.59 |
| Expenses | 136.27 | 122.73 | 139.13 | 151.20 | 138.29 | 125.67 | 139.67 | 115.10 | 122.80 | 125.39 | 154.72 | 175.74 |
| Operating Profit | 7.54 | 7.56 | 8.89 | 9.97 | 9.40 | 8.54 | 9.44 | 10.15 | 8.25 | 7.68 | 11.24 | 12.85 |
| OPM % | 5.24% | 5.80% | 6.01% | 6.19% | 6.36% | 6.36% | 6.33% | 8.10% | 6.30% | 5.77% | 6.77% | 6.81% |
| Other Income | 0.07 | 0.05 | 0.10 | 0.12 | 0.12 | 0.19 | 0.13 | 0.11 | 1.11 | 0.43 | 0.25 | 0.19 |
| Interest | 1.60 | 1.77 | 2.09 | 1.90 | 2.05 | 2.13 | 2.04 | 1.81 | 1.62 | 1.51 | 1.41 | 1.58 |
| Depreciation | 1.49 | 1.67 | 1.76 | 1.68 | 1.71 | 1.92 | 1.77 | 2.00 | 1.87 | 1.87 | 1.79 | 1.88 |
| Profit before tax | 4.52 | 4.17 | 5.14 | 6.51 | 5.76 | 4.68 | 5.76 | 6.45 | 5.87 | 4.73 | 8.29 | 9.58 |
| Tax % | 23.45% | 29.02% | 26.85% | 22.58% | 20.31% | 26.07% | 27.43% | 17.05% | 32.03% | 25.79% | 24.25% | 23.49% |
| Net Profit | 3.45 | 2.96 | 3.76 | 5.04 | 4.59 | 3.47 | 4.18 | 5.34 | 3.99 | 3.52 | 6.28 | 7.32 |
| EPS in Rs | 0.75 | 0.64 | 0.82 | 1.10 | 1.00 | 0.76 | 0.91 | 1.16 | 0.87 | 0.77 | 1.37 | 1.59 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 266 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 | 592 | 553 | 619 |
| Expenses | 255 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 533 | 555 | 518 | 579 |
| Operating Profit | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 35 | 31 | 37 | 35 | 40 |
| OPM % | 4.2% | 4.3% | 3.9% | 3.7% | 4.5% | 6% | 5% | 4.7% | 5% | 6% | 6% | 6% |
| Other Income | 0 | 0 | -0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 2 | 2 |
| Interest | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 | 8 | 6 | 6 |
| Depreciation | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 | 8 | 7 |
| Profit before tax | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 | 22 | 24 | 28 |
| Tax % | 12% | 33% | 34% | 30% | 23% | 26% | 26% | 28% | 26% | 25% | 26% | |
| Net Profit | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | 17 | 17 | 21 |
| EPS in Rs | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.50 | 3.71 | 2.88 | 3.62 | 3.78 | 4.60 |
| Dividend Payout % | 0% | 0% | 16% | 9% | 7% | 4% | 4% | 5% | 7% | 6% | 6% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 8% | 2% | -9% | 11% | ||
| Compounded Profit Growth | 27% | 2% | 1% | 22% | ||
| Stock Price CAGR | 33% | 2% | -11% | -17% | ||
| Return on Equity | 17% | 17% | 13% | 13% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 10 | 12 | 14 | 30 | 35 | 41 | 56 | 81 | 97 | 109 | 125 | 141 |
| Borrowings | 36 | 35 | 46 | 32 | 34 | 34 | 28 | 28 | 35 | 54 | 59 | 68 |
| Other Liabilities | 61 | 68 | 67 | 89 | 113 | 111 | 202 | 203 | 159 | 128 | 134 | 123 |
| Total Liabilities | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 322 | 337 |
| Fixed Assets | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 76 | 94 | 96 | 92 |
| CWIP | 1 | 0 | 1 | 0 | 0 | 6 | 0 | 1 | 4 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 86 | 94 | 106 | 127 | 149 | 141 | 236 | 250 | 215 | 202 | 226 | 244 |
| Total Assets | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 322 | 337 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | 21 | 14 | 7 | -0 |
| Cash from Investing Activity | -0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | -19 | -17 | -10 | -3 |
| Cash from Financing Activity | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | -3 | 10 | -4 | 2 |
| Net Cash Flow | 0 | 1 | -0 | -0 | -0 | -1 | 1 | 3 | -1 | 7 | -7 | -2 |
| Free Cash Flow | 14 | 12 | -7 | 5 | 6 | 7 | 16 | 10 | 2 | -3 | -4 | -4 |
| CFO/OP | 195% | 115% | -31% | 93% | 105% | 122% | 84% | 81% | 76% | 59% | 32% | 13% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 61 | 91 | 86 | 79 | 82 | 112 | 65 | 54 | 65 | 70 | 105 |
| Inventory Days | 44 | 41 | 36 | 45 | 39 | 40 | 66 | 41 | 52 | 65 | 74 | 52 |
| Days Payable | 93 | 95 | 98 | 106 | 95 | 94 | 148 | 87 | 74 | 79 | 72 | 65 |
| Cash Conversion Cycle | 13 | 7 | 28 | 25 | 23 | 28 | 31 | 19 | 32 | 51 | 72 | 92 |
| Working Capital Days | 4 | 2 | 22 | 18 | 13 | 12 | 21 | 17 | 19 | 27 | 38 | 45 |
| ROCE % | 13% | 20% | 17% | 18% | 22% | 22% | 33% | 39% | 24% | 16% | 17% | 15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.44% | 54.46% | 54.46% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.34% | 0.34% | 0.38% | 0.38% |
| Public | 45.57% | 45.56% | 45.56% | 45.57% | 45.56% | 45.56% | 45.52% | 45.32% | 45.19% | 45.22% | 45.17% | 45.17% |
| No. of Shareholders | 18,635 | 17,676 | 16,052 | 15,144 | 14,258 | 13,688 | 13,389 | 13,165 | 12,774 | 12,932 | 12,634 | 12,375 |
Fundamentals
Market Cap₹ 376 Cr.
Current Price₹ 81.9
Stock P/E17.6
Book Value₹ 31.7
ROCE15.1 %
ROE12.8 %
Dividend Yield0.27 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)22%
Standalone figures.
Valuation
Market capRs 373 Cr
Enterprise valueRs 438 Cr
P/E (TTM)17.68x
Price to book2.56x
Price to sales0.60x
EV / EBITDA10.42x
EV / EBIT12.65x
EV / sales0.71x
Earnings yield5.66%
Dividend yield0.27%
P/E, 3-year average27.90x
P/B, 3-year average3.36x
P/E, 5-year average22.25x
P/B, 5-year average2.97x
Profitability
Operating margin (excl. other income)6.40%
Operating margin (incl. other income)6.77%
EBITDA margin6.79%
Pre-tax margin4.60%
Net profit margin3.41%
Net margin, latest quarter3.88%
ROE12.64%
ROCE14.92%
ROA5.27%
ROE, 3-year average12.87%
ROCE, 3-year average16.10%
ROA, 3-year average5.05%
ROE, 5-year average18.27%
ROCE, 5-year average22.33%
ROA, 5-year average5.81%
ROIC (approx.)12.13%
Tax rate26.35%
Other income / net worth1.39%
Growth
Sales growth (latest year)-6.52%
Profit growth (latest year)4.26%
Sales CAGR, 3 years-9.37%
Sales CAGR, 5 years2.42%
Profit CAGR, 3 years0.62%
Profit CAGR, 5 years2.10%
Sales growth QoQ13.64%
Profit growth QoQ16.56%
Sales growth YoY (latest quarter)50.57%
Profit growth YoY (latest quarter)37.08%
Per share
EPS (TTM)Rs 4.59
EPS (latest year)Rs 3.78
EPS (latest quarter)Rs 1.59
EPS, 3-year averageRs 3.43
EPS, 5-year averageRs 13.79
Book value per shareRs 31.70
Sales per shareRs 134.66
Cash flow per shareRs -0.10
Free cash flow per shareRs -0.87
Dividend per share (latest year)Rs 0.22
Dividend per share, 3-year averageRs 0.21
Dividend per share, 5-year averageRs 0.57
Dividends
Dividend payout5.82%
Dividend payout, 3-year average6.28%
Dividend payout, 5-year average5.57%
Efficiency
Asset turnover1.64x
Fixed asset turnover6.05x
Inventory turnover8.30x
Inventory days44 days
Debtor days105 days
Debtors turnover3.48x
Creditor days65 days
Cash conversion cycle92 days
Working capital days45 days
Leverage
Total debtRs 68 Cr
Cash and bankRs 3 Cr
Net debtRs 64 Cr
Debt to equity0.46x
Net debt / EBITDA1.53x
Interest coverage5.65x
Owners' fund to total sources43.26%
Debt to assets20.10%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years0.75x
Statement figures
Net sales (TTM)Rs 619 Cr
Net sales (latest year)Rs 553 Cr
Sales (latest quarter)Rs 189 Cr
Operating profit excl. other income (latest year)Rs 35 Cr
Operating profit (latest quarter)Rs 13 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 42 Cr
PBDT (TTM)Rs 36 Cr
Profit before tax (TTM)Rs 28 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 21 Cr
Net profit (latest year)Rs 17 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 451 Cr
Total expenditure (latest year)Rs 518 Cr
Total income (latest year)Rs 555 Cr
Share capitalRs 5 Cr
ReservesRs 141 Cr
Shareholders' fundsRs 146 Cr
Total assetsRs 337 Cr
Net blockRs 92 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 159 Cr
InventoryRs 54 Cr
Other liabilitiesRs 123 Cr
Shares outstanding (crore)4.59
Ownership
Promoter holding54.46% (+0.02 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 17.7 is at the 23th percentile of its own 9.4-year range
(median 23.8, low 7.0, high 58.8).
P/B 2.56 is at the 34th percentile (median 3.78).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 526159 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.0% | -2.8% | +0.8 pts |
| 1 month | -3.3% | -6.8% | +3.5 pts |
| 3 months | +6.2% | -7.6% | +13.8 pts |
| 3 years | -30.0% | +14.2% | -44.1 pts |
| 5 years | +16.7% | +27.9% | -11.2 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was 44% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 40% vs sales -7% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹189 Cr +50.6% vs Jun 2025.
Net profit ₹7 Cr +37.1%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd (526159) has a market capitalisation of Rs 376 Cr. at the 2026-10-01 close.
What is the P/E ratio of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd trades at a P/E of 17.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Nikhil Adhesives Ltd's latest quarterly results?
In the Jun 2026 quarter, Nikhil Adhesives Ltd sales was Rs 189 Cr (+50.6% vs Jun 2025) and net profit was Rs 7 Cr.