Hindustan Adhesives Experiences Revision in Score Amid Strong Financial Performance and Market Position

Hindustan Adhesives, a microcap player in the plastic products industry, has recently seen a revision in its score by MarketsMOJO, reflecting a positive adjustment in its evaluation. The company has demonstrated impressive financial performance, with operating profit growing at an annual rate of 39.05%. This robust growth is underscored by record net sales of Rs 84.44 crore and a peak PBDIT of Rs 10.02 crore in the latest quarter.
The stock's technical indicators have also shown significant improvement, moving into a bullish range, supported by favorable trends in MACD, Bollinger Bands, and KST metrics. With a return on capital employed (ROCE) of 13.8, Hindustan Adhesives boasts a very attractive valuation, particularly with its enterprise value to capital employed ratio standing at 1.8.

Over the past year, the stock has outperformed the market, generating a return of 31.53%, significantly surpassing the BSE 500's return of 16.59%. Additionally, the company has been added to MarketsMOJO's list, further highlighting its strong market position and performance indicators.