1. India Stocks

  2. •

    Industrials

  3. •

    Industrial - Specialties
Hindustan Adhesives Limited

Hindustan Adhesives Limited

HINDADH.BO
Hindustan Adhesives LimitedIN flagBombay Stock Exchange
264.60
INR
+1.35
- -
1.35BMarket Cap
Hindustan Adhesives Limited
HINDADH.BO
(Bombay Stock Exchange)

Recent

price

264.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
123.04
130.44
149.05
151.99
149.12
137.93
144.87
147.65
270.27
297.99
415.99
877
623.88
591.87
555.59
- -
498.73
Revenue per Share
3.46
3.07
3.08
4.68
3.08
3.43
9.6
4.87
4.64
12.86
17.1
24.45
9.5
32.07
30.06
- -
31.18
Basic EPS, GAAP
-5.38
-11.01
8.8
2
9.21
12.76
4.51
-51.37
2.14
-25.72
-34.64
19.46
36.98
3.35
-92.81
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
15.34
18.5
21.68
26.34
28.92
33.09
42.18
47.05
52.06
62.46
79.37
101.87
111.5
143.09
174.08
- -
10
Book Value per Share
19.99
23.14
26.33
30.99
34.15
38.33
47.42
52.28
57.29
67.69
84.6
107.1
116.73
147.94
177.71
- -
212.3
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
- -
5
Basic Weighted Avg Shares
629
667
763
778
763
706
741
755
1,383
1,525
2,128
4,491
3,192
3,028
2,848
2,556
2,553
Sales/Revenue/Turnover
7.1
6.25
7.3
8.18
7.23
9.39
10.59
7.36
5.83
5.52
7.66
4.93
3.07
8.49
8.11
9.45
9.88
Operating Margin (%)
16
15
22
21
36
33
34
31
58
69
83
109
110
87
111
119
119
Depreciation Expense
18
16
16
24
16
18
49
25
24
66
87
125
49
164
154
149
160
Net Income, GAAP
32.95
30.78
34.53
25.52
38.33
39.16
8.4
25.89
33.19
- -
35.99
30.94
16.55
24.92
28.27
25.2
23.92
Effective Tax Rate (%)
2.81
2.35
2.07
3.08
2.06
2.49
6.62
3.3
1.72
4.32
4.11
2.79
1.52
5.42
5.41
5.83
6.25
Profit Margin (%)
128
13
2
21
13
13
36
48
41
72
111
60
2
-25
4
-178
-178
Working Capital
165
116
72
85
58
34
33
300
290
444
462
323
191
175
416
368
368
LT Debt
102
118
135
159
175
196
243
268
293
346
433
548
597
757
911
1,088
1,088
Total Equity
12.77
9.27
10.46
12.84
8.54
9.96
16.71
6.81
6.76
- -
8.89
11.57
6.24
13.94
9.31
8.23
8.75
Return on Invested Capital (%)
14.21
10.61
4.86
12.82
9.16
9.45
17.78
6.76
7.39
- -
10.61
14.24
7.42
14.85
11.69
12.63
13.34
Return on Capital (%)
25.42
18.14
15.34
19.48
11.14
11.08
25.5
10.91
9.36
22.46
24.11
26.99
8.9
25.19
18.97
31.58
33.83
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
682
- -
856
LT Borrowings
335
- -
186
LT Finance Leases
16
- -
182
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
- -
5
Market Capitalization
1,707
1,648
1,430

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,359
- -
1,198
Cash, Cash Equivalents & STI
44
- -
46
Accounts Receivable, Net
357
- -
309
Inventories
663
- -
637
Total Current Liabilities
1,365
- -
1,377
Payables & Accruals
- -
- -
- -
ST Debt
682
- -
856
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
-582.42%
-630.4%
-121.1%
Net Income, GAAP
54.57%
42%
-3.31%
Sales/Revenue/Turnover
20.06%
12.15%
-10.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
811
811
703
702
3,028
2025
641
844
726
638
2,848
2026
664
646
666
576
2,556

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.26
7.56
8.89
- -
32.07
2025
4.16
10.49
8.96
6.45
30.06
2026
7.33
11.15
10.88
1.82
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Superlon Holdings Berhad (7235.KL)
Sekisui Chemical Co., Ltd. (4204.T)
Vinyoflex Limited (VINYOFL.BO)
Global Materials & Services, Inc. (GBMS)
SinterCast AB (publ) (0HW9.L)
Flame Seal Products, Inc. (FLMP)
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.