Hind.Adhesive

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.

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.

When is the next results date for Hindustan Adhesives Ltd?

The next results date for Hindustan Adhesives Ltd is 14 February 2026.

The next results date for Hindustan Adhesives Ltd is scheduled for 14 February 2026.

Are Hindustan Adhesives Ltd latest results good or bad?

Hindustan Adhesives Ltd's latest results show strong profitability with a net profit increase of 52.27% quarter-on-quarter, but a concerning 23.44% year-on-year decline in net sales raises concerns about demand and future growth prospects. Overall, while profitability is encouraging, the significant revenue drop presents challenges.

Hindustan Adhesives Ltd's latest results present a mixed picture. On the positive side, the company reported a net profit of ₹5.71 crores for Q2 FY26, which is a significant increase of 52.27% quarter-on-quarter and a 6.33% rise year-on-year. This indicates strong profitability growth and improved operational efficiency, as evidenced by the operating margin expanding to 16.02%, up from 13.04% in the previous quarter.<BR><BR>However, the company's net sales have declined, with a 2.62% decrease compared to the previous quarter and a concerning 23.44% drop year-on-year. This persistent revenue contraction raises concerns about demand dynamics in its core markets and suggests potential challenges in maintaining market share.<BR><BR>Overall, while the profitability metrics are encouraging, the significant decline in sales is a critical issue that needs to be addressed. The company faces operational challenges that could impact its future growth prospects. Therefore, while the results show strong profitability, the revenue decline casts a shadow over the overall performance, making the situation somewhat precarious.

Should I buy, sell or hold Hindustan Adhesives Ltd?

Why is Hindustan Adhesives Ltd falling/rising?

As of 18-Apr, Hindustan Adhesives Ltd's stock price is at 309.00, showing a slight decline and underperforming its sector. Despite recent gains, the stock has a year-to-date decline of 4.01% and concerns over debt servicing, overshadowing its attractive valuation.

As of 18-Apr, Hindustan Adhesives Ltd's stock price is currently at 309.00, reflecting a slight decline of 0.1 (-0.03%). The stock has recently experienced a trend reversal, falling after two consecutive days of gains. This decline is notable as the stock has underperformed its sector by 1.08% today.<BR><BR>Despite a positive performance over the past week and month, where the stock rose by 2.01% and 4.75% respectively, it has shown a year-to-date decline of 4.01%. Over the past year, the stock has generated a return of -6.36%, significantly underperforming the broader market, which has seen a return of 5.01%. This underperformance is compounded by the company's poor long-term growth, as net sales have decreased at an annual rate of -12.71% over the last five years.<BR><BR>Additionally, the stock's ability to service debt is a concern, with a high Debt to EBITDA ratio of 2.71 times, indicating potential financial strain. While the company has a very attractive valuation with a return on capital employed (ROCE) of 13.1 and is trading at a discount compared to its peers, these positive factors are overshadowed by the recent poor performance and the company's challenges in growth and debt servicing.

Which are the latest news on Hind.Adhesive?