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Hindustan Adhesives

HINDADH NSE
₹371.70 −1.10 (−0.30%)
P/E
8.73
View as Markdown
MCP
Close 4 Nov 2026 ₹371.70 +77.40 +26.3% 1Y
Start ₹294.30

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.50%
Debt to Equity
1.12
EPS (TTM)
₹42.59
Book Value
₹212.60
Market Cap
—
P/E (TTM)
8.73
P/B
1.75
ROE
16.00%
Dividend Yield
0.00%
EBITDA
₹40.90 Cr
52W High
₹402.65
52W Low
₹247.60
Day Range
₹369.05 – ₹376.00
Volume
892

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Hindustan Adhesives peer comparison
Supreme Industries
₹3,353.5041.26₹42,083 Cr6.660.36%15.80%20.70%₹11,326 Cr₹1,033 Cr
Astral
₹1,423.7066.43₹37,224 Cr9.430.29%13.80%19.20%₹6,785 Cr₹576 Cr
Garware Hi-Tech Films
₹7,544.5045.19₹17,078 Cr6.030.16%13.50%18.10%₹2,258 Cr₹388 Cr
Kingfa Science & Technology
₹6,816.5040.93₹9,153 Cr6.600.30%17.40%23.20%₹2,222 Cr₹225 Cr
Finolex Industries
₹143.9514.51₹8,730 Cr1.181.99%8.57%11.80%₹3,954 Cr₹616 Cr
Time Technoplast
₹171.4216.94₹8,407 Cr2.070.90%13.10%16.50%₹6,445 Cr₹498 Cr
Prince Pipes & Fittings
₹297.7532.26₹3,136 Cr2.000.36%4.60%6.03%₹2,627 Cr₹103 Cr
Hindustan Adhesives (this company)
₹371.708.73₹192 Cr1.750.00%16.00%13.50%₹269 Cr₹23 Cr
Median 8 companies₹897.7036.60₹8,942 Cr4.050.33%13.65%17.30%₹3,291 Cr₹443 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

60 Good

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
67
Strong
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
34
Poor
Solvency, leverage, coverage 9% weight
Momentum
87
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish766
OscillatorsBearish261
Moving AveragesNeutral505

Key readings

RSI (14)
45.42
Neutral
MACD (12,26,9)
−0.21
Bearish
SMA (50)
375.34
Bearish
SMA (200)
315.87
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.80%
5YIrregular period
3Y−7.39%
1Y−10.53%
TTM−5.92%

Net profit

Net profit growth by window
10Y+22.32%
5YIrregular period
3Y+44.22%
1Y0.00%
TTM+35.29%

Operating cash flow

Operating cash flow growth by window
10Y+14.51%
5YIrregular period
3Y+4.71%
1Y+121.43%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−0.17 pp
5YIrregular period
3Y+7.89 pp
1Y+2.19 pp
TTM+4.54 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹70.00 Cr
Mar 2017₹76.00 Cr
Mar 2022₹449 Cr
Mar 2023₹321 Cr
Mar 2024₹303 Cr
Mar 2025₹285 Cr
Mar 2026₹255 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016₹2.00 Cr
Mar 2017₹5.00 Cr
Mar 2022₹13.00 Cr
Mar 2023₹5.00 Cr
Mar 2024₹16.00 Cr
Mar 2025₹15.00 Cr
Mar 2026₹15.00 Cr

Quarterly Results

₹ Cr
514428 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Operating Profit
7
8
10
8
5
10
9
10
9
10
10
7
21
OPM %
9%
10%
14%
11%
8%
12%
12%
16%
13%
16%
15%
12%
27%
Other Income
1
1
1
0
1
1
1
1
1
1
1
0
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
PBT
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 (₹)
8.27
7.56
8.89
7.35
4.16
10.5
8.97
6.45
7.33
11.16
8.81
1.82
20.8

Profit & Loss

₹ Cr
514428 profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
PBT
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 (₹)
3.44
9.32
24.47
9.5
32.07
30.08
29.1
42.59
Div. Payout %
0%
11%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
514428 balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2022Mar 2023Mar 2024Mar 2025Mar 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 Flow

₹ Cr
514428 cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
8
8
25
27
13
14
31
Investing
−3
−5
−15
−10
−9
−49
−19
Financing
−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
CFO/EBITDA
94
81
94
146
60
55
99

Ratios

514428 financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Hindustan Adhesives insights

62 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.48%
  • Public 18.02%
  • Others 13.50%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Hindustan Adhesives

What does Hindustan Adhesives Ltd do?
Incorporated in 1988, Hindustan Adhesive Ltd manufactures and supplies Carton Sealing Tapes and Adhesive Coated products
Where is Hindustan Adhesives Ltd (HINDADH) listed?
Hindustan Adhesives Ltd trades as HINDADH on the NSE and under code 514428 on the BSE.
Which sector does Hindustan Adhesives Ltd belong to?
Hindustan Adhesives Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd trades at a PE ratio of 8.73 as of 4 Nov 2026, on earnings per share of ₹42.59, against a book value of ₹212.6 per share.
What is the 52-week high and low of Hindustan Adhesives Ltd?
Over the last 52 weeks Hindustan Adhesives Ltd has traded between ₹247.6 and ₹402.65 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Hindustan Adhesives Ltd?
Hindustan Adhesives Ltd reported a return on equity of 16.00%. Its debt-to-equity ratio is 1.12.

Company Information

Incorporated in 1988, Hindustan Adhesive Ltd manufactures and supplies Carton Sealing Tapes and Adhesive Coated products

Website bagla-group.com
Listed 17 Aug 2026
Face Value ₹10

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