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    Industrial specialties
Hindustan Adhesives Limited

Hindustan Adhesives Limited

371.40
INR
-8.80
(-2.31%)
44.64EPS
Hindustan Adhesives Limited
NSE:HINDADH
(National Stock Exchange of India)

Recent

price

371.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
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
555.35
498.18
524.9
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
30.08
29.11
44.64
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
-92.99
19.61
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
19.98
23.14
26.33
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
- -
Book Value per Share
19.98
23.14
26.33
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
- -
Tangible Book Value per Share
5
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
2,841
2,549
2,687
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
8.48
10.01
13.51
Operating Margin (%)
16
15
22
21
36
33
34
31
58
69
83
109
110
87
111
119
135
Depreciation Expense
18
16
16
24
16
18
49
25
24
66
87
125
49
164
154
149
229
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
28.3
25.22
25.84
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
5.42
5.84
8.5
Profit Margin (%)
128
13
2
21
13
13
36
48
41
72
111
60
2
-25
4
-178
- -
Working Capital
165
116
72
85
58
35
33
300
290
444
462
323
191
175
416
368
- -
LT Debt
102
118
135
159
175
196
243
268
293
346
433
548
597
757
911
1,088
- -
Total Equity
7.54
5.04
4.53
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 Invested Capital (%)
12.77
9.8
4.53
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 Capital (%)
18.96
14.23
12.46
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
- -
Return on Common Equity (%)

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
- -
- -
- -

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
- -
- -
- -
- -
- -
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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.