What does Hind.Adhesive do?

Hindustan Adhesives Ltd is a micro-cap specialty adhesive coating company established in 1988, reporting net sales of ₹73 Cr and a net profit of ₹5 Cr for December 2024. Key metrics include a P/E ratio of 11.00 and a market cap of ₹177 Cr.

Overview:<BR>Hindustan Adhesives Ltd is a Specialty Adhesive Coating Company operating in the Plastic Products - Industrial industry, categorized as a micro-cap company.<BR><BR>History:<BR>Hindustan Adhesives Ltd was established in April 1988 and has progressively expanded its operations. The latest quarterly results reported net sales and profit for December 2024.<BR><BR>Financial Snapshot:<BR>- Net Sales: 73 Cr (Quarterly Results - Dec 2024)<BR>- Net Profit: 5 Cr (Quarterly Results - Dec 2024)<BR>- Market-cap: Rs 177 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 41<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 1.03<BR>- Return on Equity: 19.00%<BR>- Price to Book: 2.11<BR><BR>Contact Details:<BR>Address: B-2/8 Safdarjung Enclave, New Delhi, New Delhi: 110029<BR>Website: http://www.hindustanadhesives.net

Who are in the management team of Hind.Adhesive?

As of March 2023, the management team of Hind.Adhesive includes M S Bagla (Managing Director), Suresh Sridhar Ajila (Whole-time Director), Urmia Goenka (Executive Director), Ashok Kumar Pathak (Whole-time Director), and several Non-Executive & Independent Directors, along with the Company Secretary Amit Kumar Jha. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Hind.Adhesive includes the following individuals:<BR><BR>1. M S Bagla - Managing Director<BR>2. Suresh Sridhar Ajila - Whole-time Director<BR>3. Urmia Goenka - Executive Director<BR>4. Ashok Kumar Pathak - Whole-time Director<BR>5. Amit Kumar - Non-Executive & Independent Director<BR>6. Sudeep Pande - Non-Executive & Independent Director<BR>7. Pawan Kumar Gupta - Non-Executive & Independent Director<BR>8. Ravi Kumar Aggarwal - Independent Director<BR>9. Amit Kumar Jha - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Has Hind.Adhesive declared dividend?

Hindustan Adhesives Ltd declared a 10% dividend, amounting to 1.0000 per share, but currently has a dividend yield of 0%. Total returns have varied significantly, with notable long-term gains despite recent negative price returns.

Hindustan Adhesives Ltd has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1.0000<BR>- Ex-date: Nov-21-2016<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -20.74%, the dividend return was 0%, resulting in a total return of -20.74%.<BR><BR>In the 1-year period, the price return was -9.9%, the dividend return was 0%, leading to a total return of -9.9%.<BR><BR>Over the 2-year period, the price return was 81.21%, the dividend return was 0%, which culminated in a total return of 81.21%.<BR><BR>In the 3-year period, the price return was -23.99%, the dividend return was 0%, resulting in a total return of -23.99%.<BR><BR>For the 4-year period, the price return was 81.97%, the dividend return was 0%, leading to a total return of 81.97%.<BR><BR>In the 5-year period, the price return was 409.58%, the dividend return was 0%, culminating in a total return of 409.58%.<BR><BR>Overall, while Hindustan Adhesives Ltd declared a dividend in the past, the current dividend yield is 0%. The total returns have varied significantly over different periods, with notable gains over the longer term despite recent negative price returns.

Who are the peers of the Hind.Adhesive?

Hind.Adhesive's peers include Supreme Inds., Astral, Finolex Inds., and Garware Hi Tech, among others. While Garware Hi Tech leads in 1-year returns at 156.95%, Hind.Adhesive's return is -12.06%, better than G M Polyplast's -48.79%.

Peers: The peers of Hind.Adhesive are Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Candour Techtex, National Plastic, Rungta Irrigatn., and G M Polyplast.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds. and the rest have either Good, Average, or Below Average management risk. Growth is Average at Garware Hi Tech and National Plastic, while Good growth is seen at Astral, Shaily Engineer., and Rungta Irrigatn., with the rest showing Below Average or Average growth. Capital Structure is Excellent at Supreme Inds., while Good is noted at Shaily Engineer., Average at Garware Hi Tech and National Plastic, and Below Average at Hind.Adhesive, Candour Techtex, and Rungta Irrigatn.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Garware Hi Tech at 156.95%, while the lowest is G M Polyplast at -48.79%. Hind.Adhesive's 1-year return of -12.06% is better than G M Polyplast but worse than Garware Hi Tech. Additionally, the six-month return is negative for Supreme Inds., Astral, Finolex Inds., National Plastic, G M Polyplast, and Hind.Adhesive.

What is the technical trend for Hind.Adhesive?

As of May 15, 2025, Hind.Adhesive's technical trend is mildly bearish, influenced by bearish Bollinger Bands and daily moving averages, despite some mildly bullish signals from the weekly MACD and KST.

As of 15 May 2025, the technical trend for Hind.Adhesive has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish trend. The Bollinger Bands are bearish on both weekly and monthly time frames, and the daily moving averages are also bearish. The KST reflects a mildly bullish trend on the weekly chart but is mildly bearish on the monthly. The Dow Theory shows a mildly bullish trend on the weekly chart, with no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the bearish signals from the Bollinger Bands and daily moving averages, despite some mildly bullish indicators on the weekly MACD and KST.

Is Hind.Adhesive overvalued or undervalued?

As of July 4, 2025, Hind.Adhesive is considered an attractive investment opportunity due to its undervalued status with a PE ratio of 10.90 and strong financial metrics, despite recent underperformance compared to the Sensex.

As of 4 July 2025, Hind.Adhesive's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered undervalued, with a PE ratio of 10.90, an EV to EBITDA ratio of 7.41, and a ROE of 19.00%. In comparison to its peers, Hind.Adhesive's valuation metrics stand out, especially when contrasted with Supreme Industries and Astral, which are deemed very expensive with PE ratios of 56.34 and 76.13, respectively.<BR><BR>Despite recent underperformance relative to the Sensex—with a year-to-date return of -20.20% compared to the Sensex's 6.77%—Hind.Adhesive's financial ratios suggest it remains a compelling investment opportunity within the plastic products industry. The company's solid ROCE of 13.84% further supports its undervalued status, making it an attractive option for investors looking for value in a challenging market environment.

Who are the top shareholders of the Hind.Adhesive?

The top shareholders of Hind.Adhesive include Madhusudan Bagla with 15.9%, Saphire Hospitality Management Pvt Limited at 4.99%, and individual investors holding 18.68%. There are no pledged promoter holdings, and the company has no mutual funds or foreign institutional investors as shareholders.

The top shareholders of Hind.Adhesive include the promoters, with Madhusudan Bagla holding the highest stake at 15.9%. Additionally, Saphire Hospitality Management Pvt Limited is the highest public shareholder, owning 4.99% of the company. Individual investors collectively hold 18.68% of the shares. Notably, there are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors holding shares.

How big is Hind.Adhesive?

As of 24th July, Hindustan Adhesives Ltd has a market capitalization of 169.00 Cr, with recent net sales of 284.82 Cr and a net profit of 15.39 Cr. Shareholder's funds are 75.69 Cr, and total assets amount to 188.72 Cr.

As of 24th July, Hindustan Adhesives Ltd has a market capitalization of 169.00 Cr, classifying it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 284.82 Cr and a Net Profit of 15.39 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 75.69 Cr and Total Assets of 188.72 Cr.

Are Hind.Adhesive latest results good or bad?

Hindustan Adhesives' latest results show a decline in net sales by 6.8% year-over-year, with rising interest expenses and a higher debt-equity ratio indicating financial pressure. While there was a slight quarter-over-quarter profit growth, the overall performance is more negative than positive.

Hindustan Adhesives' latest results indicate a challenging financial performance. For the quarter ending June 2025, the company reported net sales of Rs 66.39 crore, which is a decline of 6.8% compared to the average sales over the previous four quarters. While there was a slight improvement in the company's overall score, moving from -10 to -7, the financial metrics reveal several concerns.<BR><BR>Interest expenses have increased significantly, reaching Rs 3.80 crore, which is a 24.59% rise from the previous half-year. This suggests that the company is increasingly relying on borrowings to support its operations. Additionally, the debt-equity ratio has risen to 1.19 times, the highest it has been in the last five half-year periods, indicating potential liquidity challenges.<BR><BR>On a more positive note, there was a quarter-over-quarter growth in net profit of 13.64%, and net sales showed a slight improvement of 4.11% compared to the previous quarter. However, the overall decline in net sales year-over-year and the rising interest expenses overshadow these gains.<BR><BR>In summary, while there are some signs of improvement in specific areas, the overall financial health of Hindustan Adhesives appears to be under pressure, making the latest results more negative than positive.

When is the next results date for Hind.Adhesive?

Hind.Adhesive will declare its results on 14 November 2025.

Hind.Adhesive will declare its results on 14 November 2025.

How has been the historical performance of Hind.Adhesive?

Hind.Adhesive's historical performance shows declining net sales and operating income from Mar'22 to Mar'25, while operating profit increased and total assets grew significantly. However, profit after tax decreased, and cash flow from investing activities turned negative due to substantial investments.

Answer:<BR>The historical performance of Hind.Adhesive shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Hind.Adhesive's net sales have decreased from 449.08 Cr in Mar'22 to 284.82 Cr in Mar'25, reflecting a downward trend. The total operating income followed a similar pattern, declining from 449.08 Cr in Mar'22 to 284.82 Cr in Mar'25. Raw material costs peaked at 322.86 Cr in Mar'22 but reduced to 160.15 Cr by Mar'25. The operating profit (PBDIT) has shown some volatility, with a notable increase to 38.73 Cr in Mar'25 from 23.61 Cr in Mar'23, while the profit before tax remained relatively stable around 21.46 Cr in Mar'25 compared to 21.85 Cr in Mar'24. Profit after tax also saw a decrease from 16.41 Cr in Mar'24 to 15.39 Cr in Mar'25. The company's total assets grew significantly from 168.05 Cr in Mar'23 to 258.67 Cr in Mar'25, driven by increases in both current and non-current assets. Total liabilities also rose, reaching 258.67 Cr in Mar'25, with long-term borrowings increasing from 17.48 Cr in Mar'24 to 39.77 Cr in Mar'25. Cash flow from operating activities improved to 18.00 Cr in Mar'25, while cash flow from investing activities turned negative at -49.00 Cr, indicating substantial investments. The closing cash and cash equivalents increased to 6.00 Cr in Mar'25 from 2.00 Cr in Mar'24, suggesting improved liquidity.

Should I buy, sell or hold Hind.Adhesive?

Why is Hind.Adhesive falling/rising?

As of 20-Dec, Hindustan Adhesives Ltd's stock price is Rs 307.45, down 4.09%, with significant declines over the year and underperformance against its sector and the BSE500 index. Despite some positive long-term growth indicators, the stock's bearish trend and high debt concerns have led to decreased investor confidence.

As of 20-Dec, Hindustan Adhesives Ltd's stock price is falling, currently at Rs 307.45, which reflects a decrease of Rs 13.1 or 4.09%. The stock has underperformed its sector by 4.92% today and has touched an intraday low of Rs 302, marking a decline of 5.79%. <BR><BR>The stock's performance over various periods indicates a troubling trend, with a year-to-date decline of 25.18% and a one-year drop of 27.83%. This poor performance is compounded by the fact that it has consistently underperformed the BSE500 index over the last three years, one year, and three months. Additionally, the stock is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend.<BR><BR>Investor participation has also decreased, with delivery volume falling by 11.94% against the 5-day average. This decline in trading activity indicates a lack of confidence among investors. Furthermore, the company's high Debt to EBITDA ratio of 2.58 times raises concerns about its ability to service debt, contributing to the negative sentiment surrounding the stock.<BR><BR>While there are positive factors, such as a healthy long-term growth rate in operating profit and attractive valuations compared to peers, these have not been sufficient to offset the negative trends in stock performance and investor sentiment.

Which are the latest news on Hind.Adhesive?