HP Adhesives share price, P/E, ROE & financials

As of 6 Nov 2026, HP Adhesives trades at 158.7× trailing earnings, above the industry P/E of 22.1×, and the shares are 38% below their 52-week high. Sales grew 2.3% a year over 3 years while net profit fell 14%; its ROCE of 4.3% is the lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹292 Cr, ranked 114th of 204 Specialty Chemicals companies by market cap; the shares fell 34% 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: ₹33.89
Day high: ₹33.89
Day low: ₹30.51
Prev. close: ₹33.48
Volume: 51.7K

Health check

1 good · 5 to check

ReturnsBehind
−33.8% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 158.7 vs industry 22.1.
GrowthSlow
Sales +2.3%, profit −13.7% a year over 3 years.
ProfitabilityWeak
ROCE 4.3% vs peer median 24.4%.
Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
Red flags5 to check
Return on equity is low at 3.8%.

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

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹292 Cr, #114 of 204 in its industry by size.

Defensive

Beta 0.56 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹247 Cr · profit ₹2 Cr

Market cap: ₹292 Cr; Small cap
P/E: 158.7; Industry 22.1
Price to book: 1.55; Peers 13.33
Dividend yield: 1.19%
ROE: 3.8%; Peers 23.0%
ROCE: 4.3%; Peers 24.4%
Debt to equity: 0.02; Debt ₹4.23 Cr
EPS (TTM): ₹0.20; Face value ₹2
OPM (TTM): 2.5%; Net margin 0.8%
Sales growth: −4.1%; Latest quarter vs a year ago
Profit growth: −121.6%; Latest quarter vs a year ago
Price to sales: 1.18; EV/EBITDA 37.8

Strengths

Practically debt-free.

Risks to check

Return on equity is low at 3.8%.
Quarterly profit down 121.6% on a year ago.
Quarterly sales down 4.1% on a year ago.
P/E of 158.7 against an industry P/E of 22.1.
38% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About HP Adhesives

HP Adhesives Limited manufactures and distributes adhesives and sealants in India and internationally. Its products include solvent cement, contact adhesives, white glue/PVA, epoxy putty and adhesives, spray paints, and plumbing accessories, as well as cyanoacrylates, synthetic rubber adhesives, black and white sealants, pipe lubricant, and gasket shellacs. The company also offers ancillary products, such as ball valves, teflon tapes, and masking tapes.…

Headquarters: Mumbai
Employees: 705
Sector: Basic Materials
ISIN: INE0GSL01024
Website: hpadhesives.com

Price range

52 weeks

₹26.52₹51.49

Today

₹30.51₹33.89

Avg volume (3M): 84.8K
1-year return: minus 33.8%
From 52-week high: minus 38.4%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASIANPAINTAsian Paints	2,546.00	plus 0.88%	2,44,025	50.5	35.0	24.4%	18.9%	0.21	1.1%	plus 1.5%
SOLARINDSSolar Industries India	18,608.00	plus 0.48%	1,68,384	74.4	64.1	29.5%	27.8%	0.22	12.4%	plus 35.9%
PIDILITINDPidilite Industries	1,579.00	plus 1.63%	1,60,827	60.0	44.4	28.5%	23.5%	0.03	7.4%	plus 6.8%
LINDEINDIALinde India	6,859.00	plus 8.73%	58,496	118.4	64.2	16.3%	31.5%	0.23	–	plus 5.4%
BERGEPAINTBerger Paints India	478.35	minus 5.28%	55,776	45.4	29.4	20.6%	15.3%	0.15	4.2%	minus 6.0%
FLUOROCHEMGujarat Fluorochemicals	4,665.50	minus 0.94%	51,251	75.9	44.0	9.6%	24.1%	0.26	−4.5%	plus 28.0%
ACUTAASAcutaas Chemicals	3,786.60	plus 0.42%	31,001	70.9	64.1	27.7%	39.4%	0.01	29.4%	plus 105.6%
HPALHP Adhesives	31.74	minus 5.20%	292	158.7	16.8	4.3%	2.5%	0.02	2.3%	minus 33.8%
Median of 7 peers	–	0.48%	58,496	70.9	44.4	24.4%	24.1%	0.21	5.8%	6.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
66.1	65.1	65.4	57.8	63.4
59.6	58.7	61.4	61.6	63.8
6.5	6.4	3.9	−3.8	−0.3
9.9%	9.8%	6.0%	−6.5%	−0.5%
1.1	0.8	0.9	0.7	1.1
0.6	0.6	0.6	0.7	0.8
1.4	1.5	1.5	1.5	1.3
–	−0.3	−0.5	–	–
5.6	4.8	2.2	−5.2	−1.4
24.7%	26.4%	27.6%	54.7%	33.1%
4.2	3.5	1.6	−2.4	−0.9
0.46	0.38	0.18	-0.26	-0.10

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +2.3%
Profit CAGR 3Y: −13.7%
EPS CAGR 3Y: −13.6%
ROE: 3.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
233	236	250	249
–	+1.2%	+5.9%	minus 0.2%
215	205	224	235
17.7	30.7	26.3	14.2
7.6%	13.0%	10.5%	5.7%
2.6	1.6	1.3	1.1
2	0.8	0.3	0.7
1.9	4.3	4.7	5.8
−1.4	0.9	1.1	−1.4
15	28.1	23.7	7.4
27.8%	26.8%	23.1%	5.4%
10.9	20.6	18.2	7
–	+89.4%	minus 11.3%	minus 61.8%
1.18	2.24	1.99	0.76

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
18.4	18.4	18.4	18.4
130	151	166	169
8.5	3.2	7.7	4.2
27.8	25.6	36.1	40.1
185	198	228	232
55.9	68	77.1	77.2
17.3	16.2	4.4	4.7
29.4	4.9	2.9	–
2.9	30.3	39.6	56.9
79.2	78.3	104	93.2
185	198	228	232

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−5	21.6	17.1	7.1
7.5	−15.1	−16.3	−1.5
−12.3	−6.1	1.5	−7.8
−9.8	0.4	2.4	−2.2
−16	−16.5	−14	−12.8
−21.1	5.2	3.1	−5.8
–	–	−2.8	−3.7

Shareholding pattern

Source: NSE filings

71.3%

promoters

Promoters71.35%
Public28.65%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	71.35%	28.65%	0.00
30 Jun 2026	71.35%	28.65%	0.00
31 Mar 2026	71.35%	28.65%	0.00
31 Dec 2025	71.35%	28.65%	0.00
30 Sep 2025	71.35%	28.65%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you