HP Adhesives Ltd.

HP Adhesives Ltd.

32.02
INR
-0.47
(-1.45%)
0.21EPS
170.88P/E
3.23BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
9.51
10.39
12.86
21.65
25.36
25.68
27.19
27.13
27.59
Basic EPS, GAAP
0.44
-0.51
1.09
0.79
1.18
2.24
1.99
0.76
0.21
Free Cash Flow per Basic Share
-0.14
-0.13
-0.56
-3.63
-2.29
0.56
0.34
-0.63
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.3
0.4
- -
Book Value per Share
1.6
0.27
1.38
14.95
16.14
18.38
20.06
20.43
- -
Tangible Book Value per Share
1.6
0.25
1.36
14.93
16.13
18.36
20.04
20.42
- -
Basic Weighted Avg Shares
92
92
92
76
92
92
92
92
91
Sales/Revenue/Turnover
874
955
1,182
1,646
2,330
2,359
2,498
2,493
2,517
Operating Margin (%)
10.49
4.26
9.47
5.14
6.79
11.2
8.63
3.37
0.21
Depreciation Expense
7
19
19
28
19
43
47
58
57
Net Income, GAAP
40
-47
101
60
109
206
182
70
19
Effective Tax Rate (%)
1.44
- -
23.96
26.32
27.77
26.85
23.11
5.42
- -
Profit Margin (%)
4.58
-4.89
8.51
3.65
4.66
8.72
7.3
2.8
0.75
Working Capital
40
-105
-55
854
665
960
1,062
1,111
- -
LT Debt
11
15
87
82
53
16
7
6
- -
Total Equity
147
25
127
1,373
1,483
1,689
1,843
1,877
- -
Return on Invested Capital (%)
- -
- -
21.33
6.22
6.88
12.19
9.37
3.48
- -
Return on Capital (%)
- -
- -
25.22
7.88
7.88
12.85
10.14
3.96
- -
Return on Common Equity (%)
- -
-54.48
132.86
8.01
7.6
12.97
10.33
3.75
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
37
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
6
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
92
92
92
Market Capitalization
3,782
2,474
3,231

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,541
- -
Cash, Cash Equivalents & STI
- -
569
- -
Accounts Receivable, Net
- -
373
- -
Inventories
- -
505
- -
Total Current Liabilities
- -
431
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
37
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
605
589
667
662
2,498
2026
661
651
654
578
2,493
2027
634
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.61
0.45
0.46
0.39
1.99
2026
0.46
0.38
0.18
-0.26
0.76
2027
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
0.4
2027
- -
- -
- -
- -
- -

Company Description

CEO
Karan Haresh Motwani
Full Time Employees
705
Sector
Non-energy minerals
Industry
Construction materials
Address
501,C Wing Business Square Mumbai MH India 400053
IPO Date
Dec 27, 2021
Business
HP Adhesives Limited manufactures and markets a diverse portfolio of adhesives and sealants for plumbing, construction, automotive, footwear, woodwork, and general industrial applications; core products include PVC, CPVC, and UPVC solvent cements, silicone sealants, synthetic rubber contact adhesives, white glue/PVA adhesives, epoxy adhesives, cyanoacrylates, epoxy putty, gasket shellac, acrylic sealants, PVC pipe lubricants, and ancillary items such as ball valves, thread seals, tapes, and FRP manhole covers. The company, founded in 1987 and headquartered in Mumbai, Maharashtra, operates a multi-product manufacturing facility in Village Narangi, Raigad, with an installed capacity of 13,500 MTPA and a second plant equipped with silicon sealant lines commissioned in 2023; it maintains five sales depots in Delhi, Kolkata, Bengaluru, Indore, and Ahmedabad, supporting a network of over 1,450 distributors serving more than 50,000 dealers across 23 Indian states and union territories while exporting to over 40 countries in Asia, the Gulf, the United States, Africa, and Europe. Recent developments include the establishment of Unitybond Solutions Private Limited as a wholly-owned subsidiary in April 2024, the launch of new product categories encompassing epoxy adhesives and cyanoacrylates in fiscal 2025, the commissioning of solar panel installations at the second plant in 2025, and ongoing distribution expansion with annual addition of over 150 distributors.