What is SPEB Adhesives Ltd revenue growth outlook?

SPEB Adhesives Ltd has a current market cap of ₹161 Cr and P/E ratio of 23.43. For detailed revenue growth insights derived from the latest earnings call, visit the SPEB Adhesives Ltd analysis page on Arthneeti AI.

What is SPEB Adhesives Ltd current stock price?

SPEB Adhesives Ltd current market price is ₹71.7. The stock trades at a P/E ratio of 23.43 with a market capitalisation of ₹161 Cr.

How does Arthneeti AI analyse SPEB Adhesives Ltd?

Arthneeti AI uses natural language processing to analyse SPEB Adhesives Ltd's earnings call transcripts and extract key insights on revenue growth, margins, capex plans, and fundraising activity. The analysis covers management commentary, forward guidance, and competitive positioning within the

SPEB Adhesives Q4 FY26 Share Price & Earnings Call Analysis

₹71.70-4.97% today

Market cap: ₹161 Cr
P/E: 23.43
ROE: 16.94%
PEG: 0.41
Price to sales: 3.18
Debt to equity: 0.00
EBITDA margin: 17.98%
Net profit margin: 13.59%
Promoter holding: 73.18%
Sales (last year): ₹51 Cr

All 10 ratios ↓

Guidance scorecard · Q4 FY26 call

What SPEB Adhesives Ltd's management guided

Revenue10–20%MarginsFlat CapexPlanned FundraisingWhat management said Order bookWhat management said

RevenueQ4 FY26 call

10–20%

SPEB Adhesives expects robust future growth driven primarily by volume increase rather than price hikes.
The company plans to double its manufacturing capacity, currently at about 80% utilization, with new capacity ramp-up phased over time.
Expansion includes launching new product categories (e.g., epoxy), backward integration for water-based adhesives to improve margins, and setting up pan-India warehousing and distribution to reduce distributor dependency.
Geographic expansion beyond Maharashtra is a priority, targeting northern and southern India with pilots like the Rajasthan warehouse.
SPEB is focusing on increasing its sales team and moving towards a D2R (Direct to Retail) and D2C (Direct to Consumer) model for deeper market penetration.

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

SPEB Adhesives aims for strong, systematic growth over the next 10 years, focusing on product penetration and geographical expansion, especially beyond Maharashtra.
The company is increasing capacity substantially to support volume growth, with new capacity additions planned and phased ramp-up expected.
Growth drivers include volume expansion, new product launches (especially water-based adhesives), and direct-to-retail/consumer sales models (D2R/D2C).
Management expects pricing power to be maintained in key markets with 2-5% price differences versus competitors (excluding Pidilite at 20-25% lower pricing by SPEB).
EBITDA margins may improve due to pricing discipline and operational efficiencies; long-term PAT growth is expected with improved volume and controlled expenses.

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Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned

SPEB Adhesives is setting up a new manufacturing capacity, with the new plant expected to be ready by year-end.
The new capacity adds 4,950 tons: 1,500 tons for water-based adhesive (white adhesive for furniture) and the rest solvent-based adhesives.
The company is engaged in land acquisition for a 15-acre parcel; currently, 4 acres purchased, with government licensing delays now cleared.
Plans include phase-wise development of the manufacturing plant, utilizing around 20-30,000 sq.ft out of 160,000 sq.ft initially.
SPEB is establishing its own warehousing pan India, with a pilot warehouse starting in Rajasthan to support a D2C/D2R distribution model.

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

The company is focused on organic growth, expanding manufacturing capacity, and geographical penetration primarily through internal accruals and careful expenditure.
Emphasis on a conservative, family-business mindset with a strong focus on ROI and calculated spending.
Major current expenses are on hiring and scaling operations rather than external fundraising.

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Full Q4 FY26 analysis

Order bookQ4 FY26 call

It reflects ongoing initiatives to expand geographical presence beyond Maharashtra, targeting pan-India growth through a D2C/D2R model.
A pilot for direct distribution is starting soon in Rajasthan, with potential pan-India rollout in the next two quarters if successful.
The company is increasing capacity by 4950 tons (1500 tons water-based adhesive, rest solvent-based), preparing for volume growth.
Sales teams are being expanded, with active client count rising to 455+.
Focus on increasing market share in new geographies and new products suggests healthy demand pipeline.

2 more points from SPEB Adhesives Ltd's call on the order book

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Full Q4 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

See all potential multibaggers Where does SPEB Adhesives Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of SPEB Adhesives Ltd

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