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HP Adhesives Limited

HP Adhesives Limited

HPAL.BO
HP Adhesives LimitedIN flagBombay Stock Exchange
35.17
INR
-0.86
- -
3.24BMarket Cap
HP Adhesives Limited
HPAL.BO
(Bombay Stock Exchange)

Recent

price

35.17

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.51
10.39
12.86
21.65
25.36
25.68
27.25
27.15
27.83
Revenue per Share
0.44
-0.51
1.09
0.79
1.18
2.24
1.99
0.76
0.76
Basic EPS, GAAP
-0.14
-0.13
-0.56
-3.63
-2.29
0.56
0.34
-0.63
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.3
0.4
- -
Dividend per Share
1.6
0.27
1.41
17.26
3.86
6.1
7.79
2
2.01
Book Value per Share
1.6
0.25
1.36
18.04
16.13
18.36
20.09
20.44
20.53
Tangible Book Value per Share
92
92
92
76
92
92
92
92
91
Basic Weighted Avg Shares
874
955
1,182
1,646
2,330
2,359
2,498
2,493
2,544
Sales/Revenue/Turnover
10.49
4.26
9.47
5.14
6.79
11.2
8.53
2.91
2.85
Operating Margin (%)
7
19
19
28
19
43
47
58
58
Depreciation Expense
40
-47
101
60
109
206
182
70
70
Net Income, GAAP
1.44
- -
23.96
26.32
27.77
26.85
23.11
5.42
5.42
Effective Tax Rate (%)
4.58
-4.89
8.51
3.65
4.66
8.72
7.3
2.8
2.74
Profit Margin (%)
40
-105
-55
854
665
960
1,062
1,111
1,111
Working Capital
11
15
87
82
53
16
7
6
6
LT Debt
147
25
127
1,373
1,483
1,689
1,843
1,877
1,877
Total Equity
- -
- -
21.37
6.22
7.54
12.09
9.26
3.63
3.63
Return on Invested Capital (%)
- -
- -
25.13
8.1
12.72
40.96
28.77
18.67
18.67
Return on Capital (%)
- -
-54.48
129.93
8.33
13.03
44.98
28.63
15.54
15.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
18
- -
37
LT Borrowings
- -
- -
- -
LT Finance Leases
3
- -
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
92
- -
92
Market Capitalization
4,407
3,772
2,456

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,508
- -
1,541
Cash, Cash Equivalents & STI
458
- -
574
Accounts Receivable, Net
416
- -
373
Inventories
573
- -
505
Total Current Liabilities
412
- -
431
Payables & Accruals
- -
- -
- -
ST Debt
18
- -
37
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
203.55%
1.88%
Free Cash Flow
- -
-7.43%
-285.61%
Net Income, GAAP
- -
11.37%
-61.76%
Sales/Revenue/Turnover
- -
17.56%
-0.21%
Total Cash Common Dividend
- -
- -
33.34%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
593
626
547
593
2,359
2025
605
589
667
662
2,498
2026
661
651
654
578
2,493

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.57
0.57
- -
2.24
2025
0.61
0.45
0.46
0.39
1.99
2026
0.46
0.38
0.18
-0.26
0.76

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
0.4
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Business
HP Adhesives Limited manufactures and markets a broad portfolio of adhesives and sealants in India and over 40 countries worldwide; core products include PVC, CPVC and uPVC solvent cements for plumbing and sanitary applications; silicone sealants and acrylic sealants for glazing, construction and building operations; synthetic rubber-based contact adhesives for footwear, automotive, foam-furnishing and woodwork; PVA white glue adhesives; gasket shellac; epoxy adhesives and cyanoacrylates launched in fiscal 2025; ancillary items such as PVC pipe lubricants, ball valves, thread seals, tapes and FRP manhole covers for drainage and architectural solutions. The company, founded in 1987 as a partnership firm by Haresh Motwani and headquartered at Unique House, Chakala Cross Road, Andheri East, Mumbai, India, operates manufacturing plants in Mumbai and maintains a pan-India distribution network spanning 23 states and 4 union territories with over 750 distributors and 50,000 dealers. Recent developments encompass the commissioning of silicone sealant lines at its second plant in 2023 and solar panel installations there in 2025; establishment of wholly-owned subsidiary Unitybond Solutions Private Limited in April 2024, which received INR 20 million funding from the company in September 2024; and expansion into new product categories including epoxy adhesives and cyanoacrylates during fiscal 2025 to diversify its multi-industry offerings in plumbing, construction, drainage, water distribution and general-purpose applications.