1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Hindustan Adhesives Limited

Hindustan Adhesives Limited

392.95
INR
+8.15
(+2.12%)
44.64EPS
5.73P/E
1.31BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
151.99
149.12
137.93
144.87
147.65
270.27
297.99
415.99
877
623.88
591.87
555.35
498.18
524.9
Basic EPS, GAAP
4.68
3.08
3.43
9.6
4.87
4.64
12.86
17.1
24.45
9.5
32.07
30.08
29.11
44.64
Free Cash Flow per Basic Share
2
9.21
12.76
4.51
-51.37
2.14
-25.72
-34.64
19.46
36.98
3.35
-92.99
19.61
- -
Dividend per Share
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
30.99
34.15
37.84
47.02
52.28
57.29
67.69
84.6
107.19
116.73
147.93
179.28
212.75
- -
Tangible Book Value per Share
30.99
34.15
37.84
47.02
52.28
57.29
67.69
84.6
107.19
116.73
147.93
179.28
212.37
- -
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Sales/Revenue/Turnover
778
763
706
741
755
1,383
1,525
2,128
4,491
3,192
3,028
2,841
2,549
2,687
Operating Margin (%)
8.18
7.23
9.39
10.59
7.36
5.83
5.52
7.66
4.93
3.07
8.49
8.48
10.01
13.51
Depreciation Expense
21
36
33
34
31
58
69
83
109
110
87
111
119
135
Net Income, GAAP
24
16
18
49
25
24
66
87
125
49
164
154
149
229
Effective Tax Rate (%)
25.52
38.33
39.16
8.4
25.89
33.19
- -
35.99
30.94
16.55
24.92
28.3
25.22
25.84
Profit Margin (%)
3.08
2.06
2.49
6.62
3.3
1.72
4.32
4.11
2.79
1.52
5.42
5.42
5.84
8.5
Working Capital
21
13
13
36
48
41
72
111
60
2
-25
4
-178
- -
LT Debt
85
58
35
33
300
290
444
462
323
191
175
416
368
- -
Total Equity
159
175
196
243
268
293
346
433
548
597
757
911
1,088
- -
Return on Invested Capital (%)
6.49
3.96
4.34
11.11
6.73
6.76
- -
9.4
11.57
5.93
13.46
10
8.21
- -
Return on Capital (%)
11.99
8.58
8.85
16.76
6.47
7.14
- -
10.36
13.95
7.27
14.57
11.09
9.18
- -
Return on Common Equity (%)
16.33
9.45
9.54
22.62
9.8
8.47
20.58
22.46
25.52
8.49
24.23
18.38
14.85
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
856
- -
LT Borrowings
- -
186
- -
LT Finance Leases
- -
182
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
1,647
1,430
1,308

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,198
- -
Cash, Cash Equivalents & STI
- -
60
- -
Accounts Receivable, Net
- -
309
- -
Inventories
- -
637
- -
Total Current Liabilities
- -
1,377
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
856
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.89%
20.44%
19.48%
Free Cash Flow
-582.39%
-630.32%
-121.09%
Net Income, GAAP
54.57%
42%
-3.21%
Sales/Revenue/Turnover
20.03%
12.1%
-10.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
641
844
726
638
2,841
2026
664
647
666
576
2,549
2027
798
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.16
10.49
8.96
6.45
30.08
2026
7.33
11.15
10.88
1.82
29.11
2027
20.78
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Madhusudan Lalit K. Bagla
Full Time Employees
266
Sector
Process industries
Industry
Industrial specialties
Address
Safdarjung Enclave, New Delhi UP India 110029
IPO Date
Aug 23, 1994
Website
bagla-group.com
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Business
Hindustan Adhesives Limited, a Bagla Group company founded in 1988 and headquartered in New Delhi, India, manufactures and sells specialty adhesive coated products, including carton sealing tapes, BOPP self-adhesive tapes using acrylic and hot-melt technologies, filament tapes, tear tapes, carry handle tapes, tamper-evident tapes, packaging tapes, MOPP tear tapes, UV-resistant acrylic tapes, BOPP printed tapes, and foam tapes; the company operates integrated facilities for adhesive production, paper core and carton manufacturing, printing, slitting, and spooling to produce value-added import substitutes for packaging applications. It serves domestic and international markets across 50 countries with manufacturing units in Ghaziabad (Uttar Pradesh), Dadri (Uttar Pradesh), Kutch (Gujarat), Howrah (West Bengal), and Surabaya (Indonesia), supplemented by finishing arrangements in Paraguay, South America. Recent developments include the 2024 incorporation of PT. Bagla Group Indonesia as a 51%-owned subsidiary, followed by acquisition of the remaining stake in May 2025 to make it a wholly owned subsidiary; establishment of 100% subsidiary Bagla Technopack Private Limited for innovative sustainable food packaging; acquisition and relocation of assets from the world's leading self-adhesive tear tape manufacturer to enhance high-value production; and commencement of commercial production at the Howrah facility.