Nikhil Adhesives
Chemicals
526159 BSE
₹63.46
Close ·
- P/E
- 13.80
Close 4 Nov 2026 ₹63.46 −48.64 −43.4% 1Y
Start ₹112.10
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 15.10%
- Debt to Equity
- 0.47
- EPS (TTM)
- ₹4.60
- Book Value
- ₹31.70
- Market Cap
- —
- P/E (TTM)
- 13.80
- P/B
- 2.00
- ROE
- 12.80%
- Dividend Yield
- 0.34%
- EBITDA
- ₹37.80 Cr
- 52W High
- ₹114.00
- 52W Low
- ₹56.78
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
48 Average
Data confidence 98/100
Category scores
- Quality
- 56
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 51
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 50
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 31
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 25
- Poor
- 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
4- The company has delivered a poor sales growth of 2.42% over past five years.
- Company has a low return on equity of 12.9% over last 3 years.
- Dividend payout has been low at 6.28% of profits over last 3 years
- Debtor days have increased from 80.0 to 105 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 3 | 4 |
| Oscillators | Bullish | 2 | 3 | 4 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
2
Neutral
3
Bullish
4
Overall
Strong Bearish
Bearish
12
Neutral
3
Bullish
4
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 28.11
- Bullish
- MACD (12,26,9)
- −3.88
- Bearish
- SMA (50)
- 76.72
- Bearish
- SMA (200)
- 76.20
- Bearish
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
| 10Y | +7.59% |
|---|---|
| 5Y | +2.41% |
| 3Y | −9.38% |
| 1Y | −6.59% |
| TTM | +11.22% |
Net profit
| 10Y | +23.86% |
|---|---|
| 5Y | +1.22% |
| 3Y | 0.00% |
| 1Y | 0.00% |
| TTM | +20.08% |
Operating cash flow
| 10Y | −100.00% |
|---|---|
| 5Y | −100.00% |
| 3Y | −100.00% |
| 1Y | −100.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +2.19 pp |
|---|---|
| 5Y | +0.02 pp |
| 3Y | +1.62 pp |
| 1Y | +0.08 pp |
| TTM | −0.28 pp |
Revenue by year
| Mar 2017 | ₹260 Cr |
|---|---|
| Mar 2018 | ₹330 Cr |
| Mar 2019 | ₹446 Cr |
| Mar 2020 | ₹422 Cr |
| Mar 2021 | ₹491 Cr |
| Mar 2022 | ₹814 Cr |
| Mar 2023 | ₹743 Cr |
| Mar 2024 | ₹564 Cr |
| Mar 2025 | ₹592 Cr |
| Mar 2026 | ₹553 Cr |
Net profit by year
| Mar 2017 | ₹2.00 Cr |
|---|---|
| Mar 2018 | ₹3.00 Cr |
| Mar 2019 | ₹5.00 Cr |
| Mar 2020 | ₹7.00 Cr |
| Mar 2021 | ₹16.00 Cr |
| Mar 2022 | ₹25.00 Cr |
| Mar 2023 | ₹17.00 Cr |
| Mar 2024 | ₹13.00 Cr |
| Mar 2025 | ₹17.00 Cr |
| Mar 2026 | ₹17.00 Cr |
Quarterly Results
₹ Cr| Particulars | 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 | 142 | 144 | 130 | 148 | 161 | 148 | 134 | 149 | 125 | 131 | 133 | 166 | 189 |
| Expenses | 135 | 136 | 123 | 139 | 151 | 138 | 126 | 140 | 115 | 123 | 125 | 155 | 176 |
| Operating Profit | 6.79 | 7.54 | 7.56 | 8.89 | 9.97 | 9.4 | 8.54 | 9.44 | 10.15 | 8.25 | 7.68 | 11.24 | 12.85 |
| OPM % | 4.78% | 5.24% | 5.8% | 6.01% | 6.19% | 6.36% | 6.36% | 6.33% | 8.1% | 6.3% | 5.77% | 6.77% | 6.81% |
| Other Income | 0.13 | 0.07 | 0.05 | 0.1 | 0.12 | 0.12 | 0.19 | 0.13 | 0.11 | 1.11 | 0.43 | 0.25 | 0.19 |
| Interest | 1.51 | 1.6 | 1.77 | 2.09 | 1.9 | 2.05 | 2.13 | 2.04 | 1.81 | 1.62 | 1.51 | 1.41 | 1.58 |
| Depreciation | 1.31 | 1.49 | 1.67 | 1.76 | 1.68 | 1.71 | 1.92 | 1.77 | 2 | 1.87 | 1.87 | 1.79 | 1.88 |
| PBT | 4.1 | 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 % | 25.12% | 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 | 3.07 | 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 (₹) | 0.67 | 0.75 | 0.64 | 0.82 | 1.1 | 1 | 0.76 | 0.91 | 1.16 | 0.87 | 0.77 | 1.37 | 1.59 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 251 | 266 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 | 592 | 553 | 619 |
| Expenses | 242 | 255 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 533 | 555 | 518 | 579 |
| Operating Profit | 8 | 11 | 11 | 13 | 17 | 19 | 31 | 43 | 35 | 31 | 37 | 35 | 40 |
| OPM % | 3.2% | 4.2% | 4.3% | 3.9% | 3.7% | 4.5% | 6% | 5% | 4.7% | 5% | 6% | 6% | 6% |
| Other Income | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 2 | 2 |
| Interest | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 | 8 | 6 | 6 |
| Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 | 8 | 7 |
| PBT | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 | 22 | 24 | 28 |
| Tax % | 30% | 12% | 33% | 34% | 30% | 23% | 26% | 26% | 28% | 26% | 25% | 26% | — |
| Net Profit | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | 17 | 17 | 21 |
| EPS (₹) | 0.1 | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.5 | 3.71 | 2.88 | 3.62 | 3.78 | 4.6 |
| Div. Payout % | 0% | 0% | 0% | 16% | 9% | 7% | 4% | 4% | 5% | 7% | 6% | 6% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 16 | 13 | −4 | 11 | 16 | 21 | 23 | 25 | 21 | 14 | 7 | 0 |
| Investing | 0 | −2 | −1 | −6 | −10 | −12 | −7 | −15 | −19 | −17 | −10 | −3 |
| Financing | −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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nikhil Adhesives insights
64 extracted metrics across FY09–FY27.
Documents
- 30 Sep 2026
- 21 Jul 2026
- 20 Jul 2026
- 30 Sep 2025
- 17 Jun 2025
- General announcements 9 Oct 2026
Frequently Asked Questions about Nikhil Adhesives
What does Nikhil Adhesives Ltd do?
Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals
Where is Nikhil Adhesives Ltd (NIKHILAD) listed?
Nikhil Adhesives Ltd trades under code 526159 on the BSE.
Which sector does Nikhil Adhesives Ltd belong to?
Nikhil Adhesives Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the PE ratio of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd trades at a PE ratio of 13.80 as of 4 Nov 2026, on earnings per share of ₹4.6, against a book value of ₹31.7 per share.
What is the 52-week high and low of Nikhil Adhesives Ltd?
Over the last 52 weeks Nikhil Adhesives Ltd has traded between ₹56.78 and ₹114 as of 4 Nov 2026.
Does Nikhil Adhesives Ltd pay dividends?
Nikhil Adhesives Ltd has a dividend yield of 0.34%.
What is the Return on Equity (ROE) of Nikhil Adhesives Ltd?
Nikhil Adhesives Ltd reported a return on equity of 12.80%. Its debt-to-equity ratio is 0.47.
Company Information
Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals
Website nikhiladhesives.com
Face Value ₹1
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