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On 6 Nov 2026, Nikhil Adhesives was priced at ₹67.66, or 15.3× trailing earnings, against an industry P/E of 22.1×, and the shares are 39% below their 52-week high. It earns ROCE of 17% and ROE of 13%, and sales fell 9.2% a year over 3 years while net profit grew 0.6%. Its dividend yield is 0.3%, and debt is 0.46× equity. It is a small-cap company with a market cap of ₹311 Cr, ranked 112th of 204 Specialty Chemicals companies by market cap; the shares fell 39% 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
₹69.00
Day high
₹69.60
Day low
₹65.56
Prev. close
₹69.12
Volume
11.4K

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −38.9% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 15.3 vs industry 22.1.

  • GrowthSlow

    Sales −9.2%, profit +0.6% a year over 3 years.

  • ProfitabilityAverage

    ROCE 17.4% vs peer median 24.4%.

  • Balance sheetFair

    Debt 0.46× equity, interest covered 5.5×, Piotroski 4 of 9.

  • Red flags1 to check

    39% below its 52-week high.

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

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹311 Cr, #112 of 204 in its industry by size.

Defensive

Beta 0.36 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹617 Cr · profit ₹19 Cr
Market cap
₹311 Cr
Small cap
P/E
15.3
Industry 22.1
Price to book
2.13
Peers 13.33
Dividend yield
0.33%
ROE
12.6%
Peers 23.0%
ROCE
17.4%
Peers 24.4%
Debt to equity
0.46
Debt ₹68 Cr
EPS (TTM)
₹4.41
OPM (TTM)
6.5%
Net margin 3.1%
Sales growth
+50.6%
Latest quarter vs a year ago
Profit growth
+37.0%
Latest quarter vs a year ago
Price to sales
0.50
EV/EBITDA 9.8

Strengths and risks

Strengths

  • Quarterly profit up 37.0% on a year ago.
  • Quarterly sales up 50.6% on a year ago.
  • P/E of 15.3 against an industry P/E of 22.1.

Risks to check

  • 39% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Nikhil Adhesives

Nikhil Adhesives Limited manufactures and sells polymer emulsions and adhesives in India. It offers rubber, lamination, contact, tile, packaging, sticker, putty, tape, wood, and other adhesives; sealants; and polymer waterproofing and bonding agents, water repellents, integral waterproofing compounds, repairs and restorations, grouts and anchors, surface treatments, admixtures/plasticizers, floor coatings and hardeners, tile grouts and adhesives,…

Headquarters
Mumbai
Employees
365
Sector
Basic Materials
ISIN
INE926C01022
Website
nikhiladhesives.com

Price range

52 weeks

₹56.78₹110.70

Today

₹65.56₹69.60
Avg volume (3M)
17.3K
1-year return
minus 38.9%
From 52-week high
minus 38.9%

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%
NIKHILADNikhil Adhesives67.66minus 2.11%31115.39.317.4%6.5%0.46−9.2%minus 38.9%
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
125131133166189
115123125155176
10.28.37.711.212.9
8.1%6.3%5.8%6.8%6.8%
0.11.10.80.30.2
1.81.61.51.41.6
21.91.91.81.9
––−0.4––
6.45.94.78.39.6
17.1%46.0%25.7%24.3%23.5%
5.33.23.56.37.3
1.160.690.761.371.59

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−9.2%
Profit CAGR 3Y
+0.6%
EPS CAGR 3Y
+0.6%
ROE
12.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
730556583547
–minus 23.8%+4.7%minus 6.0%
692526545507
38.730.837.240.7
5.3%5.5%6.4%7.4%
−5.7−1−1.4−3.1
4.15.76.95.2
5.26.27.17.5
−0.1–0.3−1.2
23.517.922.123.6
27.6%26.1%24.8%26.4%
1713.316.617.4
–minus 22.2%+25.6%+4.3%
3.712.883.623.78

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
4.64.64.64.6
97.1109125141
34.753.258.567.7
159128134123
295295322337
82.593.796.292.1
6.100.21
00.50.40
3.912.15.72.5
203188220241
295295322337

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
20.614.26.9−0.5
−19.1−17.1−9.9−3.1
−2.810.2−3.71.7
−1.37.4−6.7−1.9
−19.1−17.2−10.9−3.7
1.4−3−4−4.2
−0.9−0.9−0.9−1

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you