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    Process industries

  3. •

    Industrial specialties
Nikhil Adhesives Limited

Nikhil Adhesives Limited

BBSE:NIKHILAD
65.01
INR
-3.23
(-4.73%)
4.41EPS
17.42P/E
3.53BMarket 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
60.13
65.29
69.42
66.46
83.52
97.07
91.04
105.49
174.53
158.96
121.11
126.79
119.14
134.35
Basic EPS, GAAP
0.07
0.1
0.41
0.52
0.73
1.14
1.53
3.41
5.5
3.71
2.88
3.62
3.78
4.41
Free Cash Flow per Basic Share
-1.4
3.63
3.02
-1.7
1.16
1.31
1.6
3.41
2.07
0.32
-0.64
-0.88
-0.91
- -
Dividend per Share
0.09
- -
- -
- -
- -
0.12
0.12
0.1
0.15
0.2
0.2
0.2
0.22
- -
Book Value per Share
3.58
3.68
4.05
4.57
7.63
8.61
9.94
13.25
18.6
22.13
24.71
28.1
31.7
- -
Tangible Book Value per Share
3.58
3.68
4.05
4.57
7.63
8.61
9.94
13.25
18.6
22.13
24.71
27.96
31.6
- -
Basic Weighted Avg Shares
39
39
39
39
39
46
46
46
46
46
46
46
46
46
Sales/Revenue/Turnover
2,342
2,542
2,703
2,588
3,286
4,460
4,183
4,847
8,018
7,303
5,564
5,825
5,474
6,187
Operating Margin (%)
4.38
3.02
4.24
3.7
3.16
3.43
4.91
5.48
4.89
4.58
4.36
5.17
6.05
5.27
Depreciation Expense
24
18
16
15
18
21
29
35
41
52
62
71
75
74
Net Income, GAAP
3
4
16
20
29
52
70
157
253
170
133
166
174
203
Effective Tax Rate (%)
28.57
29.34
12.38
33.18
34.08
29.83
23.22
26.08
25.68
27.63
26.09
24.79
26.36
28.74
Profit Margin (%)
0.11
0.15
0.59
0.79
0.87
1.17
1.68
3.23
3.15
2.33
2.38
2.86
3.17
3.28
Working Capital
41
68
77
200
199
193
151
308
429
438
539
677
718
- -
LT Debt
166
175
162
264
141
153
166
203
182
184
277
266
104
- -
Total Equity
140
143
158
178
350
396
457
609
855
1,017
1,135
1,291
1,456
- -
Return on Invested Capital (%)
0.28
0.28
3.11
3.47
8.61
13.87
18.44
21.48
25.84
17.83
11.4
12.34
10.94
- -
Return on Capital (%)
5.54
5.42
9.56
7.87
8.07
11.38
12.42
20.89
26.61
16
11.5
12.3
10.57
- -
Return on Common Equity (%)
1.92
2.69
10.57
12.16
10.81
13.98
16.48
29.38
34.53
18.21
12.31
13.72
12.64
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
573
- -
LT Borrowings
- -
97
- -
LT Finance Leases
- -
6
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
3,586
2,863
3,527

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,434
- -
Cash, Cash Equivalents & STI
- -
25
- -
Accounts Receivable, Net
- -
1,591
- -
Inventories
- -
543
- -
Total Current Liabilities
- -
1,716
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
573
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.9%
19.5%
12.79%
Free Cash Flow
-54.52%
-77.43%
4.49%
Net Income, GAAP
34.5%
7.3%
4.28%
Sales/Revenue/Turnover
9.95%
6.27%
-6.03%
Total Cash Common Dividend
- -
18.62%
9.59%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,612
1,477
1,342
1,491
5,825
2026
1,253
1,311
1,331
1,660
5,474
2027
1,886
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.1
0.9
0.75
0.91
3.62
2026
1.16
0.69
0.76
1.37
3.78
2027
1.59
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
0.22
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Umesh Jayantilal Sanghavi
Full Time Employees
365
Sector
Process industries
Industry
Industrial specialties
Address
HDIL Building, 902 A wing, Kaledonia Mumbai MA India 400069
IPO Date
Sep 27, 1993
Website
nikhiladhesives.com
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Business
Nikhil Adhesives Limited manufactures, sells and exports a broad range of polymer emulsions and adhesives for applications in paints and coatings, textiles, packaging, furniture, footwear, construction and other industries; core products include paint emulsions such as pure acrylic emulsions for interior/exterior paints and premium finishes under brands like Emdilith and Emdicryl, consumer wood adhesives under the Mahacol brand for furniture making and durable bonding, industrial adhesives for footwear/foam/upholstery, pressure-sensitive tape adhesives for BOPP tapes and stickers/labels, packaging and lamination adhesives for stock labels/print/dry lamination, textile emulsions and binders for pigment printing/flocking/non-wovens/carpet backing/fixers/softeners, construction chemicals including re-dispersible polymer powder (RDP) for waterproofing/roof coating/repair, as well as trading in bulk monomers and solvents. The company, founded in 1986 and headquartered in Mumbai, India, operates five manufacturing facilities in Dahanu (Maharashtra), Silvassa (Dadra & Nagar Haveli), Dahej (Gujarat), Tumkur (Karnataka) and Mehatpur (Himachal Pradesh) with a total capacity exceeding 120,000 metric tons annually; it exports to countries in Asia, Africa and the Middle East while serving domestic markets through an extensive network of warehouses in Gujarat, Maharashtra, Punjab and Madhya Pradesh. Nikhil Adhesives maintains ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certifications, owns brands acquired from Mafatlal Dyes & Chemicals in 2003 including Mahacol, Emditex and Emdibind, and wholly owns subsidiary Sanghavi Logistics Pvt Ltd; recent developments encompass manufacturing emulsions for construction chemicals supplied to Dow Chemicals International Pvt Ltd since fiscal 2019, capacity expansions at Dahej for RDP production launched around 2023 as a 100% import substitute, and ongoing enhancements at Tumkur, Mehatpur and Dahej facilities to support business growth and logistics efficiency.