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HP Adhesives Share Price & Earnings Call Analysis

₹31.78+0.73% today
Market cap
₹292 Cr
P/E
124.73
ROE
4.03%
PEG
-8.78
Price to sales
1.20
Debt to equity
0.02
52W high / low
₹52.3 / ₹26.9
Sales growth (5Y)
16.05%
EBITDA margin
2.54%
Net profit margin
3.01%
Promoter holding
71.35%
Sales (last year)
₹248 Cr

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives and sealants along with other ancillary products[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
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  2. Strong growth
    1
  3. Strong growth
    3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

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Financials of HP Adhesives Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of HP Adhesives Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +57.8659.3262.6054.7559.3160.5258.8765.7265.4466.1365.1361.3957.70
Expenses +50.8453.1855.2646.9750.5052.9552.3959.7759.9259.5258.7357.5861.42
Operating Profit7.026.147.347.788.817.576.485.955.526.616.403.81-3.72
OPM %12.13%10.35%11.73%14.21%14.85%12.51%11.01%9.05%8.44%10.00%9.83%6.21%-6.45%
Other Income +0.560.981.040.620.881.480.171.291.581.050.470.440.67
Interest0.430.230.210.180.560.470.510.580.590.640.630.640.75
Depreciation0.881.031.081.111.081.131.151.171.251.411.451.501.45
Profit before tax6.275.867.097.118.057.454.995.495.265.614.792.11-5.25
Tax %38.28%22.87%26.09%26.72%30.43%24.30%17.23%27.87%21.86%24.78%25.89%28.91%-54.48%
Net Profit +3.874.515.245.215.615.634.123.964.124.223.551.50-2.39
EPS in Rs0.420.490.570.570.610.610.450.430.450.460.390.16-0.26

Financials of HP Adhesives Ltd

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +85118165233236251249
Expenses +80106153214205226236
Operating Profit4121119312613
OPM %5%10%7%8%13%10%5%
Other Income +-5632443
Interest3332223
Depreciation2233456
Profit before tax-51381528237
Tax %-13%24%26%28%27%23%5%
Net Profit +-51061121187
EPS in Rs-0.731.550.651.182.241.940.75
Dividend Payout %0%0%0%0%13%21%53%

Financials of HP Adhesives Ltd

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital13131818181818
Reserves-11-0119130151166169
Borrowings +3643199384
Other Liabilities +19354028263640
Total Liabilities5790195185198228232
Fixed Assets +11192639527372
CWIP1718171645
Investments0000182522
Other Assets +4564152129111126132
Total Assets5790195185198228232

Financials of HP Adhesives Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +111-10-522107
Cash from Investing Activity +-5-16-678-15-9-2
Cash from Financing Activity +4586-12-62-8
Net Cash Flow-109-1002-2
Free Cash Flow-4-5-26-215-4-6
CFO/OP19%114%-71%-9%94%64%82%

Financials of HP Adhesives Ltd

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days86717158566155
Inventory Days12514612497118130119
Days Payable1031169544405366
Cash Conversion Cycle107100100112134137108
Working Capital Days-48-1984102106111148
ROCE %34%11%12%18%14%6%

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