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As of 6 Nov 2026, Hindustan Adhesives trades at 7.7× trailing earnings, below the industry P/E of 22.1×. It earns ROCE of 18% and ROE of 15%, and sales fell 7.2% a year over 3 years while net profit grew 45%. Debt is 1.12× equity. It is a small-cap company with a market cap of ₹191 Cr, ranked 132nd of 204 Specialty Chemicals companies by market cap; the shares fell 3.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹379.00
Day high
₹379.00
Day low
₹370.05
Prev. close
₹370.50
Volume
1.7K

Health check

2 good · 3 fair · 1 to check
  • ReturnsBehind

    −3.0% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 7.7 vs industry 22.1.

  • GrowthSteady

    Sales −7.2%, profit +45.2% a year over 3 years.

  • ProfitabilityAverage

    ROCE 17.6% vs peer median 24.4%.

  • Balance sheetFair

    Debt 1.12× equity, interest covered 4.0×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹191 Cr, #132 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹269 Cr · profit ₹22 Cr
Market cap
₹191 Cr
Small cap
P/E
7.7
Industry 22.1
Price to book
1.76
Peers 13.33
Dividend yield
0.00%
ROE
14.9%
Peers 23.0%
ROCE
17.6%
Peers 24.4%
Debt to equity
1.12
Debt ₹122 Cr
EPS (TTM)
₹48.75
Face value ₹10
OPM (TTM)
18.5%
Net margin 8.1%
Sales growth
+20.3%
Latest quarter vs a year ago
Profit growth
+183.7%
Latest quarter vs a year ago
Price to sales
0.71
EV/EBITDA 6.8

Strengths and risks

Strengths

  • Quarterly profit up 183.7% on a year ago.
  • Quarterly sales up 20.3% on a year ago.
  • P/E of 7.7 against an industry P/E of 22.1.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hindustan Adhesives

Hindustan Adhesives Limited, a specialty adhesive coating company, manufactures and sells self-adhesive tapes in India and internationally. It offers packaging tapes, which includes BOPP acrylic, BOPP hot melt, BOPP solvent, semi-crepe paper, water activated paper, recycled PET tapes, water activated, kraft paper, cellophane, and flexo printable tapes; industrial tapes, including double sided, filament, duct, aluminium foil, and masking tapes; tear tapes,…

Headquarters
New Delhi
Employees
266
Sector
Basic Materials
ISIN
INE074C01013
Website
bagla-group.com

Price range

52 weeks

₹342.00₹402.65

Today

₹370.05₹379.00
Avg volume (3M)
7.2K
1-year return
minus 3.0%
From 52-week high
minus 7.1%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
HINDADHHindustan Adhesives373.95plus 0.93%1917.78.317.6%18.5%1.12−7.2%minus 3.0%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
66.464.766.657.679.8
57.754.355.250.958.5
8.710.411.46.721.4
13.0%16.0%17.1%11.7%26.8%
0.91.21.21.70.5
1.91.41.72.52.8
2.52.62.944.1
––−0.1−1.5–
5.17.67.90.515
26.7%24.4%29.0%−102.2%28.8%
3.85.75.60.910.6
7.3311.1510.885.9420.78

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−7.2%
Profit CAGR 3Y
+45.2%
EPS CAGR 3Y
+45.2%
ROE
14.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
319303284255
–minus 5.1%minus 6.2%minus 10.3%
298268249217
20.834.435.237.5
6.5%11.4%12.4%14.7%
2.11.42.12.6
5.64.45.16.5
118.711.111.9
−0.5−0.90.4−1.7
5.821.921.519.9
16.6%24.9%28.3%25.2%
4.916.415.414.9
–+237.5%minus 6.2%minus 3.2%
9.5032.0730.0829.11

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5.15.15.15.1
54.670.686.6104
66.468.8109122
41.950.653.156.6
168195253288
77.179129158
0.36.358.743.8
22.43.15.5
1.22.36.22.3
87.61055678.3
168195253288

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2712.614.431.1
−9.6−9.3−49.1−19.4
−19.6−2.234.7−11.2
−2.31.100.5
−8.1−10.9−62−21.1
18.91.7−47.610

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you