HP Adhesives Ltd.
•₹ 35.031.6%
2026-08-21
PROS
- Company is almost debt free
- Company has delivered good sales growth of 24.3% CAGR over last 5 years
- Company comfortably covers its interest (11.8x coverage)
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.6
CONS
- Recent results are weak - TTM profit is down 88.7% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.53x)
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19650.00 | 89.29 | 177812.96 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1662.05 | 63.86 | 169161.84 | 1.29 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2570.50 | 35.25 | 76196.00 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4678.85 | 83.57 | 51397.17 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8250.30 | 53.60 | 42324.05 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1226.50 | 35.14 | 41314.78 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1749.95 | 30.47 | 23868.10 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1634.55 | 92.24 | 21695.03 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6520.15 | 24.13 | 19196.47 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 521.50 | 35.62 | 18916.20 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1458.05 | 18.77 | 18468.08 | 0.69 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | HPAL | 34.74 | 170.04 | 319.17 | 1.15 | -0.91 | -121.60 | 63.42 | -4.08 | 14.40 | -0.53 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | 63 | 55 | 59 | 61 | 59 | 66 | 65 | 66 | 65 | 65 | 58 | 63 | |
| 53 | 55 | 47 | 50 | 53 | 52 | 60 | 60 | 60 | 59 | 61 | 61 | 66 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| 6 | 7 | 7 | 8 | 7 | 5 | 5 | 5 | 6 | 5 | 2 | -5 | -1 | |
| Tax % | 23.04% | 26.09% | 26.72% | 30.40% | 24.30% | 17.23% | 27.69% | 21.82% | 24.78% | 25.89% | 28.91% | 54.56% | 33.65% |
| Net Profit | 5 | 5 | 5 | 6 | 6 | 4 | 4 | 4 | 4 | 4 | 2 | -2 | -1 |
| 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | |
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 59
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 6
- Tax %
- 23.04%
- Net Profit
- 5
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 63
- 55
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- 26.09%
- Net Profit
- 5
- 1
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 55
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- 26.72%
- Net Profit
- 5
- 1
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 59
- 50
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 8
- Tax %
- 30.40%
- Net Profit
- 6
- 1
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 61
- 53
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 1
- 7
- Tax %
- 24.30%
- Net Profit
- 6
- 1
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 59
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- 5
- Tax %
- 17.23%
- Net Profit
- 4
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 66
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 5
- Tax %
- 27.69%
- Net Profit
- 4
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 65
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 1
- 5
- Tax %
- 21.82%
- Net Profit
- 4
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 66
- 60
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 6
- Tax %
- 24.78%
- Net Profit
- 4
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 65
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 5
- Tax %
- 25.89%
- Net Profit
- 4
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 65
- 61
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- 2
- Tax %
- 28.91%
- Net Profit
- 2
- 0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 58
- 61
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- -5
- Tax %
- 54.56%
- Net Profit
- -2
- -0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 63
- 66
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- -1
- Tax %
- 33.65%
- Net Profit
- -1
- -0
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 18
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 85 | 118 | 165 | 233 | 236 | 251 | 251 | |
| 80 | 106 | 154 | 214 | 205 | 226 | 247 | |
| Operating Profit | 7 | 18 | 14 | 22 | 34 | 30 | — |
| OPM % | 8 | 15 | 9 | 9 | 14 | 12 | — |
| Other Income | 2 | 6 | 4 | 3 | 3 | 5 | 3 |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 3 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 5 | 6 |
| -5 | 13 | 8 | 15 | 28 | 23 | 0 | |
| Tax % | 13 | 24 | 26 | 28 | 27 | 23 | -380 |
| Net Profit | -5 | 10 | 6 | 11 | 21 | 18 | 2 |
| EPS | 0 | 8 | 4 | 1 | 2 | 2 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 13 | 21 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | 2 | 1 | 1 | 2 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | 2 | 1 | 1 | 2 | 2 | — |
Mar 2020
- 85
- 80
- Operating Profit
- 7
- OPM %
- 8
- Other Income
- 2
- Interest
- 3
- Depreciation
- 2
- -5
- Tax %
- 13
- Net Profit
- -5
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 118
- 106
- Operating Profit
- 18
- OPM %
- 15
- Other Income
- 6
- Interest
- 3
- Depreciation
- 2
- 13
- Tax %
- 24
- Net Profit
- 10
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 165
- 154
- Operating Profit
- 14
- OPM %
- 9
- Other Income
- 4
- Interest
- 3
- Depreciation
- 3
- 8
- Tax %
- 26
- Net Profit
- 6
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 233
- 214
- Operating Profit
- 22
- OPM %
- 9
- Other Income
- 3
- Interest
- 2
- Depreciation
- 3
- 15
- Tax %
- 28
- Net Profit
- 11
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 236
- 205
- Operating Profit
- 34
- OPM %
- 14
- Other Income
- 3
- Interest
- 2
- Depreciation
- 4
- 28
- Tax %
- 27
- Net Profit
- 21
- EPS
- 2
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 251
- 226
- Operating Profit
- 30
- OPM %
- 12
- Other Income
- 5
- Interest
- 2
- Depreciation
- 5
- 23
- Tax %
- 23
- Net Profit
- 18
- EPS
- 2
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 251
- 247
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 6
- 0
- Tax %
- -380
- Net Profit
- 2
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 43%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -31%
- 1 Year:
- -25%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 34%
- 3 Years:
- 10%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - |
| Equity Capital | 13 | 13 | 18 | 18 | 18 | 18 |
| -11 | -0 | 119 | 130 | 151 | 166 | |
| 34 | 23 | 5 | 0 | 0 | 6 | |
| Trade Payables | 15 | 26 | 31 | 20 | 16 | 23 |
| 3 | 27 | 20 | 15 | 13 | 15 | |
| Total Liabilities | 54 | 88 | 194 | 184 | 198 | 228 |
| ASSETS | - | - | - | - | - | - |
| 11 | 19 | 26 | 39 | 52 | 73 | |
| Capital Work in Progress | 1 | 7 | 18 | 17 | 16 | 4 |
| 0 | 0 | 0 | 0 | 18 | 25 | |
| 19 | 32 | 41 | 45 | 48 | 56 | |
| 2 | 0 | 0 | 0 | 36 | 42 | |
| Cash & Bank | 1 | 1 | 48 | 1 | 9 | 5 |
| 21 | 29 | 62 | 82 | 18 | 23 | |
| Total Assets | 54 | 88 | 194 | 184 | 198 | 228 |
| Total Debt | 35 | 42 | 14 | 5 | 1 | 6 |
| Net Working Capital | -10 | -5 | 85 | 67 | 96 | 104 |
| Contingent Liabilities | 0 | 0 | 3 | 1 | 1 | 3 |
| Book Value per Share | 1.91 | 9.74 | 74.74 | 80.70 | 18.38 | 20.01 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
| Total Debt | 35 | 42 | 14 | 5 | 1 | 6 |
| Net Working Capital | -10 | -5 | 85 | 67 | 96 | 104 |
| Contingent Liabilities | 0 | 0 | 3 | 1 | 1 | 3 |
| Book Value per Share | 1.91 | 9.74 | 74.74 | 80.70 | 18.38 | 20.01 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
Mar 2020
- Equity Capital
- 13
- -11
- 34
- Trade Payables
- 15
- 3
- Total Liabilities
- 54
- 11
- Capital Work in Progress
- 1
- 0
- 19
- 2
- Cash & Bank
- 1
- 21
- Total Assets
- 54
- Total Debt
- 35
- Net Working Capital
- -10
- Contingent Liabilities
- 0
- Book Value per Share
- 1.91
- Face Value
- 10.00
- Total Debt
- 35
- Net Working Capital
- -10
- Contingent Liabilities
- 0
- Book Value per Share
- 1.91
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 13
- -0
- 23
- Trade Payables
- 26
- 27
- Total Liabilities
- 88
- 19
- Capital Work in Progress
- 7
- 0
- 32
- 0
- Cash & Bank
- 1
- 29
- Total Assets
- 88
- Total Debt
- 42
- Net Working Capital
- -5
- Contingent Liabilities
- 0
- Book Value per Share
- 9.74
- Face Value
- 10.00
- Total Debt
- 42
- Net Working Capital
- -5
- Contingent Liabilities
- 0
- Book Value per Share
- 9.74
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 18
- 119
- 5
- Trade Payables
- 31
- 20
- Total Liabilities
- 194
- 26
- Capital Work in Progress
- 18
- 0
- 41
- 0
- Cash & Bank
- 48
- 62
- Total Assets
- 194
- Total Debt
- 14
- Net Working Capital
- 85
- Contingent Liabilities
- 3
- Book Value per Share
- 74.74
- Face Value
- 10.00
- Total Debt
- 14
- Net Working Capital
- 85
- Contingent Liabilities
- 3
- Book Value per Share
- 74.74
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 18
- 130
- 0
- Trade Payables
- 20
- 15
- Total Liabilities
- 184
- 39
- Capital Work in Progress
- 17
- 0
- 45
- 0
- Cash & Bank
- 1
- 82
- Total Assets
- 184
- Total Debt
- 5
- Net Working Capital
- 67
- Contingent Liabilities
- 1
- Book Value per Share
- 80.70
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 67
- Contingent Liabilities
- 1
- Book Value per Share
- 80.70
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 18
- 151
- 0
- Trade Payables
- 16
- 13
- Total Liabilities
- 198
- 52
- Capital Work in Progress
- 16
- 18
- 48
- 36
- Cash & Bank
- 9
- 18
- Total Assets
- 198
- Total Debt
- 1
- Net Working Capital
- 96
- Contingent Liabilities
- 1
- Book Value per Share
- 18.38
- Face Value
- 2.00
- Total Debt
- 1
- Net Working Capital
- 96
- Contingent Liabilities
- 1
- Book Value per Share
- 18.38
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 18
- 166
- 6
- Trade Payables
- 23
- 15
- Total Liabilities
- 228
- 73
- Capital Work in Progress
- 4
- 25
- 56
- 42
- Cash & Bank
- 5
- 23
- Total Assets
- 228
- Total Debt
- 6
- Net Working Capital
- 104
- Contingent Liabilities
- 3
- Book Value per Share
- 20.01
- Face Value
- 2.00
- Total Debt
- 6
- Net Working Capital
- 104
- Contingent Liabilities
- 3
- Book Value per Share
- 20.01
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 11 | -10 | -5 | 22 | 10 | |
| Cash from Investing | -5 | -16 | -67 | 8 | -15 | -9 |
| Cash from Financing | 4 | 5 | 86 | -12 | -6 | 2 |
| -1 | 0 | 9 | -10 | 0 | 2 | |
| Free Cash Flow | 1 | -4 | -30 | -21 | 5 | -3 |
| OCF / Net Profit | -0.14 | 1.12 | -1.70 | -0.46 | 1.05 | 0.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -54 |
| OCF / Net Profit | -0.14 | 1.12 | -1.70 | -0.46 | 1.05 | 0.54 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -54 |
Mar 2020
- 1
- Cash from Investing
- -5
- Cash from Financing
- 4
- -1
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 0
Mar 2021
- 11
- Cash from Investing
- -16
- Cash from Financing
- 5
- 0
- Free Cash Flow
- -4
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
Mar 2022
- -10
- Cash from Investing
- -67
- Cash from Financing
- 86
- 9
- Free Cash Flow
- -30
- OCF / Net Profit
- -1.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.70
- Cumulative 5-Year FCF
- 0
Mar 2023
- -5
- Cash from Investing
- 8
- Cash from Financing
- -12
- -10
- Free Cash Flow
- -21
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 0
Mar 2024
- 22
- Cash from Investing
- -15
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 5
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
Mar 2025
- 10
- Cash from Investing
- -9
- Cash from Financing
- 2
- 2
- Free Cash Flow
- -3
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- -54
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- -54
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - |
| EPS (₹) | -3.64 | 7.74 | 3.27 | 5.91 | 2.24 | 1.94 |
| Book Value (₹) | 1.91 | 9.74 | 74.74 | 80.70 | 18.38 | 20.01 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.40 |
| Cash EPS (₹) | -0.44 | 1.84 | 0.96 | 1.53 | 2.71 | 2.45 |
| PROFITABILITY | - | - | - | - | - | - |
| Operating Margin % | 7.70% | 14.97% | 8.58% | 9.42% | 13.01% | 9.98% |
| Net Margin % | -5.60% | 8.51% | 3.65% | 4.66% | 8.72% | 7.10% |
| ROE % | -190.34% | 132.86% | 8.01% | 7.60% | 12.97% | 10.11% |
| ROCE % | -7.53% | 34.18% | 10.97% | 11.41% | 18.61% | 14.12% |
| -8.69% | 14.12% | 4.26% | 5.74% | 10.78% | 8.39% | |
| EFFICIENCY | - | - | - | - | - | - |
| Debtor Days | 86 | 66 | 61 | 54 | 57 | 57 |
| Inventory Days | 80 | 79 | 82 | 67 | 72 | 75 |
| Payable Days | 103 | 92 | 87 | 56 | 45 | 45 |
| 62 | 52 | 56 | 66 | 84 | 87 | |
| FINANCIAL HEALTH | - | - | - | - | - | - |
| Debt to Equity (x) | 14.09x | 3.33x | 0.10x | 0.03x | 0.00x | 0.03x |
| Interest Coverage (x) | -1.09x | 6.18x | 3.60x | 7.56x | 15.96x | 11.78x |
| 0.80x | 0.92x | 2.74x | 3.21x | 4.63x | 3.52x | |
| GROWTH | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 39.82% | 39.30% | 41.55% | 1.25% | 6.50% |
| Operating Profit Growth % | 0.00% | 171.68% | -20.13% | 55.29% | 55.29% | -11.82% |
| Net Profit Growth % | 0.00% | 312.75% | -40.29% | 80.77% | 89.43% | -13.26% |
| 0.00% | 0.00% | 0.00% | 0.00% | -62.11% | -13.26% | |
| VALUATION | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 42.68x | 24.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 5.20x | 2.41x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.31% | 0.83% |
| 0.00x | 0.00x | 0.00x | 0.00x | 25.52x | 14.76x |
Mar 2020
- EPS (₹)
- -3.64
- Book Value (₹)
- 1.91
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.44
- Operating Margin %
- 7.70%
- Net Margin %
- -5.60%
- ROE %
- -190.34%
- ROCE %
- -7.53%
- -8.69%
- Debtor Days
- 86
- Inventory Days
- 80
- Payable Days
- 103
- 62
- Debt to Equity (x)
- 14.09x
- Interest Coverage (x)
- -1.09x
- 0.80x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 7.74
- Book Value (₹)
- 9.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.84
- Operating Margin %
- 14.97%
- Net Margin %
- 8.51%
- ROE %
- 132.86%
- ROCE %
- 34.18%
- 14.12%
- Debtor Days
- 66
- Inventory Days
- 79
- Payable Days
- 92
- 52
- Debt to Equity (x)
- 3.33x
- Interest Coverage (x)
- 6.18x
- 0.92x
- Revenue Growth %
- 39.82%
- Operating Profit Growth %
- 171.68%
- Net Profit Growth %
- 312.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.27
- Book Value (₹)
- 74.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.96
- Operating Margin %
- 8.58%
- Net Margin %
- 3.65%
- ROE %
- 8.01%
- ROCE %
- 10.97%
- 4.26%
- Debtor Days
- 61
- Inventory Days
- 82
- Payable Days
- 87
- 56
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 3.60x
- 2.74x
- Revenue Growth %
- 39.30%
- Operating Profit Growth %
- -20.13%
- Net Profit Growth %
- -40.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.91
- Book Value (₹)
- 80.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.53
- Operating Margin %
- 9.42%
- Net Margin %
- 4.66%
- ROE %
- 7.60%
- ROCE %
- 11.41%
- 5.74%
- Debtor Days
- 54
- Inventory Days
- 67
- Payable Days
- 56
- 66
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 7.56x
- 3.21x
- Revenue Growth %
- 41.55%
- Operating Profit Growth %
- 55.29%
- Net Profit Growth %
- 80.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 2.24
- Book Value (₹)
- 18.38
- Dividend per Share (₹)
- 0.30
- Cash EPS (₹)
- 2.71
- Operating Margin %
- 13.01%
- Net Margin %
- 8.72%
- ROE %
- 12.97%
- ROCE %
- 18.61%
- 10.78%
- Debtor Days
- 57
- Inventory Days
- 72
- Payable Days
- 45
- 84
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 15.96x
- 4.63x
- Revenue Growth %
- 1.25%
- Operating Profit Growth %
- 55.29%
- Net Profit Growth %
- 89.43%
- -62.11%
- P/E (x)
- 42.68x
- P/B (x)
- 5.20x
- Dividend Yield %
- 0.31%
- 25.52x
Mar 2025
- EPS (₹)
- 1.94
- Book Value (₹)
- 20.01
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 2.45
- Operating Margin %
- 9.98%
- Net Margin %
- 7.10%
- ROE %
- 10.11%
- ROCE %
- 14.12%
- 8.39%
- Debtor Days
- 57
- Inventory Days
- 75
- Payable Days
- 45
- 87
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 11.78x
- 3.52x
- Revenue Growth %
- 6.50%
- Operating Profit Growth %
- -11.82%
- Net Profit Growth %
- -13.26%
- -13.26%
- P/E (x)
- 24.79x
- P/B (x)
- 2.41x
- Dividend Yield %
- 0.83%
- 14.76x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-15 - HP Adhesives Limited has informed the Exchange about Copy of Newspaper Publication
- Integrated Filing- Financial
2026-08-13 - Integrated Filing - Financial for the quarter ended 30th June, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Sep 2023