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 | 81 | 70 | 72 | 64 | 84 | 73 | 64 | 66 | 66 | 67 | 58 | 77 |
| Expenses | 73 | 61 | 64 | 59 | 74 | 64 | 53 | 58 | 55 | 55 | 50 | 55 |
| Operating Profit | 8 | 10 | 8 | 5 | 10 | 9 | 10 | 9 | 11 | 11 | 8 | 22 |
| OPM % | 10% | 14% | 11% | 8% | 12% | 12% | 16% | 13% | 17% | 17% | 14% | 28% |
| Other Income | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 2 | 2 | 3 | 4 | 3 |
| Profit before tax | 6 | 7 | 4 | 3 | 7 | 6 | 5 | 5 | 8 | 8 | 2 | 17 |
| Tax % | 31% | 36% | 10% | 25% | 25% | 26% | 37% | 27% | 22% | 29% | -1% | 26% |
| Net Profit | 4 | 5 | 4 | 2 | 5 | 5 | 3 | 4 | 7 | 6 | 2 | 12 |
| EPS in Rs | 7.56 | 8.89 | 7.35 | 4.16 | 10.50 | 8.97 | 6.45 | 7.33 | 12.74 | 10.89 | 3.81 | 24.02 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 69 | 74 | 76 | 140 | 153 | 214 | 449 | 321 | 303 | 285 | 256 | 267 |
| Expenses | 59 | 63 | 68 | 129 | 141 | 192 | 416 | 301 | 271 | 250 | 218 | 215 |
| Operating Profit | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 | 34 | 38 | 52 |
| OPM % | 14% | 15% | 11% | 8% | 8% | 10% | 7% | 6% | 11% | 12% | 15% | 20% |
| Other Income | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 | 5 | 3 | 3 |
| Interest | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 | 6 | 7 | 8 |
| Depreciation | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 | 11 | 12 | 13 |
| Profit before tax | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 | 21 | 22 | 35 |
| Tax % | 35% | 8% | 26% | 33% | -15% | 36% | 31% | 16% | 25% | 28% | 25% | |
| Net Profit | 2 | 5 | 2 | 2 | 7 | 9 | 13 | 5 | 16 | 15 | 17 | 26 |
| EPS in Rs | 4.14 | 9.60 | 4.87 | 4.63 | 12.86 | 17.10 | 24.47 | 9.50 | 32.07 | 30.08 | 32.29 | 51.46 |
| Dividend Payout % | 0% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 4% | -7% | -7% | ||
| Compounded Profit Growth | 24% | 15% | 54% | 60% | ||
| Stock Price CAGR | 25% | 8% | 12% | 16% | ||
| Return on Equity | 18% | 18% | 19% | 17% |
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 12 | 14 | 19 | 22 | 24 | 30 | 38 | 50 | 55 | 71 | 87 | 105 |
| Borrowings | 22 | 21 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 | 87 | 110 |
| Other Liabilities | 15 | 12 | 13 | 20 | 28 | 21 | 37 | 66 | 42 | 50 | 54 | 55 |
| Total Liabilities | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 233 | 276 |
| Fixed Assets | 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 | 70 | 111 |
| CWIP | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 | 23 | 0 |
| Investments | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 | 20 | 53 |
| Other Assets | 30 | 29 | 32 | 42 | 54 | 52 | 86 | 120 | 88 | 99 | 120 | 111 |
| Total Assets | 54 | 53 | 58 | 96 | 111 | 126 | 164 | 201 | 168 | 186 | 233 | 276 |
| 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 | 10 | 8 | 7 | 5 | 11 | 10 | 6 | 25 | 27 | 27 | 16 | 42 |
| Cash from Investing Activity | -6 | -3 | -5 | -31 | -10 | -23 | -12 | -15 | -10 | -15 | -37 | -40 |
| Cash from Financing Activity | -4 | -5 | -3 | 26 | -1 | 12 | 8 | -10 | -20 | -10 | 22 | -2 |
| Net Cash Flow | -0 | 0 | -1 | 1 | 1 | -1 | 2 | -0 | -2 | 1 | 0 | -0 |
| Free Cash Flow | 5 | 7 | 2 | -26 | 1 | -13 | -6 | 10 | 19 | 23 | -17 | 31 |
| CFO/OP | 121% | 93% | 80% | 75% | 106% | 94% | 40% | 94% | 146% | 103% | 63% | 122% |
| 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 | 63 | 62 | 70 | 74 | 59 | 43 | 55 | 38 | 29 | 48 | 35 | 48 |
| Inventory Days | 99 | 126 | 120 | 162 | 88 | 75 | 68 | 56 | 86 | 72 | 141 | 148 |
| Days Payable | 78 | 72 | 79 | 122 | 80 | 41 | 55 | 47 | 42 | 47 | 84 | 93 |
| Cash Conversion Cycle | 84 | 115 | 110 | 114 | 67 | 77 | 68 | 47 | 74 | 72 | 92 | 104 |
| Working Capital Days | -1 | -5 | 13 | 16 | 4 | 14 | 12 | 2 | -1 | -6 | 2 | -25 |
| ROCE % | 15% | 17% | 19% | 10% | 11% | 12% | 17% | 20% | 10% | 21% | 17% | 16% |
| 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 | 68.48% | 68.48% | 68.54% | 68.55% | 68.55% | 68.58% | 68.58% | 68.58% | 68.48% | 68.48% | 68.48% | 68.48% |
| Public | 31.51% | 31.52% | 31.46% | 31.46% | 31.46% | 31.42% | 31.43% | 31.41% | 31.52% | 31.52% | 31.52% | 31.52% |
| No. of Shareholders | 9,719 | 9,598 | 7,999 | 8,039 | 8,079 | 7,780 | 7,651 | 7,581 | 7,397 | 7,208 | 7,047 | 7,017 |
Fundamentals
Market Cap₹ 202 Cr.
Current Price₹ 385
Stock P/E7.40
Book Value₹ 216
ROCE15.5 %
ROE17.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-7%
Compounded Profit Growth (TTM)60%
Standalone figures.
Valuation
Market capRs 196 Cr
Enterprise valueRs 305 Cr
P/E (TTM)7.46x
Price to book1.78x
Price to sales0.73x
EV / EBITDA5.51x
EV / EBIT7.12x
EV / sales1.14x
Price to cash flow4.67x
Earnings yield13.40%
P/E, 3-year average10.40x
P/B, 3-year average1.88x
P/E, 5-year average14.72x
P/B, 5-year average2.46x
Profitability
Operating margin (excl. other income)14.86%
Operating margin (incl. other income)16.08%
EBITDA margin20.71%
Pre-tax margin13.01%
Net profit margin9.85%
Net margin, latest quarter15.92%
ROE16.32%
ROCE14.73%
ROA6.49%
ROE, 3-year average19.62%
ROCE, 3-year average17.63%
ROA, 3-year average7.69%
ROE, 5-year average18.57%
ROCE, 5-year average16.55%
ROA, 5-year average6.51%
ROIC (approx.)14.68%
Tax rate24.91%
Other income / net worth2.85%
Growth
Sales growth (latest year)-9.91%
Profit growth (latest year)7.34%
Sales CAGR, 3 years-7.24%
Sales CAGR, 5 years3.72%
Profit CAGR, 3 years50.36%
Profit CAGR, 5 years13.55%
Sales growth QoQ33.72%
Profit growth QoQ530.26%
Sales growth YoY (latest quarter)16.30%
Profit growth YoY (latest quarter)227.73%
Per share
EPS (TTM)Rs 51.46
EPS (latest year)Rs 32.29
EPS (latest quarter)Rs 24.02
EPS, 3-year averageRs 31.48
EPS, 5-year averageRs 25.68
Book value per shareRs 216.03
Sales per shareRs 522.64
Cash flow per shareRs 82.15
Free cash flow per shareRs 60.59
Efficiency
Asset turnover0.93x
Fixed asset turnover2.30x
Inventory turnover2.97x
Inventory days123 days
Debtor days48 days
Debtors turnover7.57x
Creditor days93 days
Cash conversion cycle104 days
Working capital days-25 days
Leverage
Total debtRs 110 Cr
Cash and bankRs 2 Cr
Net debtRs 109 Cr
Debt to equity1.00x
Net debt / EBITDA1.96x
Interest coverage5.32x
Owners' fund to total sources40.04%
Debt to assets39.99%
Cash flow
Cash from Operating Activity (latest year)Rs 42 Cr
Cash from Investing Activity (latest year)Rs -40 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 31 Cr
FCFE (approx.: FCF + change in debt)Rs 54 Cr
Cash from ops / profit, 5 years2.08x
Sales to cash flow6.10x
Statement figures
Net sales (TTM)Rs 267 Cr
Net sales (latest year)Rs 256 Cr
Sales (latest quarter)Rs 77 Cr
Operating profit excl. other income (latest year)Rs 38 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 47 Cr
Profit before tax (TTM)Rs 35 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 26 Cr
Net profit (latest year)Rs 17 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 170 Cr
Total expenditure (latest year)Rs 218 Cr
Total income (latest year)Rs 259 Cr
Share capitalRs 5 Cr
ReservesRs 105 Cr
Shareholders' fundsRs 111 Cr
Total assetsRs 276 Cr
Net blockRs 111 Cr
InvestmentsRs 53 Cr
ReceivablesRs 34 Cr
InventoryRs 57 Cr
Other liabilitiesRs 55 Cr
Shares outstanding (crore)0.51
Ownership
Promoter holding68.48% (-0.10 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 7.5 is at the 6th percentile of its own 9.4-year range
(median 12.4, low 5.5, high 48.1).
P/B 1.78 is at the 45th percentile (median 1.82).
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 | HINDADH | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.4% | -2.8% | +1.4 pts |
| 1 month | +11.0% | -6.8% | +17.7 pts |
| 3 years | +41.1% | +14.2% | +26.9 pts |
| 5 years | +39.7% | +27.9% | +11.8 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 24% vs sales -10% 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 ₹77 Cr +16.7% vs Jun 2025.
Net profit ₹12 Cr +200.0%.
Against our estimate for Jun 2026: sales +27.9%, profit +165.5% big beat. Our estimate for Sep 2026: sales Rs 68 Cr, profit Rs 7 Cr (how).
Activity
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|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
| Astral Ltd | 36,939 | 62.4 | 19.2 % |
| Garware Hi Tech Films Ltd | 16,301 | 42.0 | 18.1 % |
| Finolex Industries Ltd | 9,379 | 15.2 | 11.8 % |
| Time Technoplast Ltd | 9,079 | 18.5 | 16.5 % |
| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
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.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd (HINDADH) has a market capitalisation of Rs 202 Cr. at the 2026-10-01 close.
What is the P/E ratio of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd trades at a P/E of 7.40 on trailing twelve-month profit, at the 2026-10-01 close.
What were Hindustan Adhesives Ltd's latest quarterly results?
In the Jun 2026 quarter, Hindustan Adhesives Ltd sales was Rs 77 Cr (+16.7% vs Jun 2025) and net profit was Rs 12 Cr.
What is the 52-week high and low of Hindustan Adhesives Ltd?
The 52-week high is Rs 402.65 and the 52-week low is Rs 335.55.