Arthneeti

Nikhil Adhesives Share Price & Earnings Call Analysis

₹65.19+0.29% today
Market cap
₹300 Cr
P/E
14.01
ROE
12.81%
PEG
15.39
Price to sales
0.48
Debt to equity
0.46
52W high / low
₹114 / ₹57.7
Sales growth (5Y)
2.42%
EBITDA margin
6.47%
Net profit margin
3.18%
Promoter holding
54.46%
Sales (last year)
₹619 Cr

Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
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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 Nikhil Adhesives

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

Financials of Nikhil Adhesives

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +160.68142.08143.81130.29148.02161.17147.69134.21149.11123.47131.05133.07165.96
Expenses +152.00135.29136.27122.73139.13151.20138.29125.67139.67115.10122.80125.39154.72
Operating Profit8.686.797.547.568.899.979.408.549.448.378.257.6811.24
OPM %5.40%4.78%5.24%5.80%6.01%6.19%6.36%6.36%6.33%6.78%6.30%5.77%6.77%
Other Income +0.100.130.070.050.100.120.120.190.130.111.110.430.25
Interest1.881.511.601.772.091.902.052.132.041.811.621.511.41
Depreciation1.381.311.491.671.761.681.711.921.772.001.871.871.79
Profit before tax5.524.104.524.175.146.515.764.685.764.675.874.738.29
Tax %34.24%25.12%23.45%29.02%26.85%22.58%20.31%26.07%27.43%23.55%32.03%25.79%24.25%
Net Profit +3.633.073.452.963.765.044.593.474.183.573.993.526.28
EPS in Rs0.790.670.750.640.821.101.000.760.910.780.870.771.37

Financials of Nikhil Adhesives

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +251266260330446422491814743564585554
Expenses +242255248317430403460770709533548518
Operating Profit81111131719314335313736
OPM %3%4%4%4%4%5%6%5%5%5%6%6%
Other Income +100-011010012
Interest687788766786
Depreciation221223345678
Profit before tax123479213424182224
Tax %30%12%33%34%30%23%26%26%28%26%25%26%
Net Profit +022357162517131717
EPS in Rs0.100.410.520.621.141.533.415.503.712.883.673.78
Dividend Payout %0%0%0%16%9%7%4%4%5%7%6%0%

Financials of Nikhil Adhesives

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444555555555
Reserves101214303541568197109125141
Borrowings +363546323434282835545968
Other Liabilities +61686789113111202203159128134121
Total Liabilities112119130157186191291316295295323334
Fixed Assets +252423303744546476949692
CWIP101006014011
Investments000000000000
Other Assets +8694106127149141236250215202227242
Total Assets112119130157186191291316295295323334

Financials of Nikhil Adhesives

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1613-4111621232521147
Cash from Investing Activity +-0-2-1-6-10-12-7-15-19-17-10
Cash from Financing Activity +-15-94-5-7-9-15-6-310-3
Net Cash Flow01-0-0-0-113-17-7
Free Cash Flow1412-756716102-3-4
CFO/OP195%115%-31%93%105%122%84%81%76%59%32%

Financials of Nikhil Adhesives

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days62619186798211265546571105
Inventory Days444136453940664152657548
Days Payable93959810695941488774797561
Cash Conversion Cycle13728252328311932517192
Working Capital Days4222181312211719274046
ROCE %13%20%17%18%22%22%33%39%24%16%17%15%

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