Srivasavi Adhesive Tapes Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹134 Cr
- P/E
- 19.82
- ROE
- 12.63%
- PEG
- 1.32
- Price to sales
- 1.07
- Debt to equity
- 0.49
- 52W high / low
- ₹100 / ₹42.0
- Sales growth (5Y)
- 14.25%
- EBITDA margin
- 9.28%
- Net profit margin
- 5.13%
- Promoter holding
- 74.57%
- Sales (last year)
- ₹125 Cr
Incorporated in 2010, Srivasavi Adhesive Tapes Ltd manufactures Adhesive Tapes.[1]
Guidance scorecard · Q2 FY27 call
What Srivasavi Adhesive Tapes's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
20–40%- The company aims to achieve ₹1,000 crore revenue in the long term, driven by capacity expansion, sector diversification, export scale-up, and backward integration.
- Revenue grew 22% in FY26 to ₹110 crore, with recent capacity additions (Units 2, 3, 4 operating; Unit 5 in progress and Unit 6 under setup).
- Specialty products dominate (~75-80% of sales), with high-margin innovation expected to boost margins further.
- New sectors like defense PSUs, EMS (Electronic Manufacturing Services), lithium-ion battery segments, and aerospace are expected to drive durable recurring revenues.
- Export business, currently about 15% of turnover, is targeted for expansion with overseas offices planned.
2 more points from Srivasavi Adhesive Tapes's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what Srivasavi Adhesive Tapes said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company has made significant asset additions across all units, including starting Units 2, 3, 4, and a recent fifth unit at Dobbaspet currently under capital work in progress.
- Unit 6 has been leased and is under installation; production is expected to start in about four months. It will include solar energy installations to cover rental costs for Units 5 and 6.
- Capex for Unit 6 is broadly estimated to be around ₹5 crore but not finalized yet.
- Unit 5 is polymer-focused with a capacity of 6,000 tons/year; an investment of about ₹10 crore has been made here.
- Upgradation of Unit 2 is underway to meet clean room standards for battery pack manufacturers in the EV segment.
2 more points from Srivasavi Adhesive Tapes's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Srivasavi Adhesive Tapes said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The current order book is managed as per customer plans, with orders arriving month-on-month rather than as lump sums.
- The company expects to receive orders aligned with their annual new sales plans, targeting around 160 to 175 crores in revenue.
- Unit 6 is planned but not yet operational; facilities are being prepared to execute new orders.
- The company is aggressively investing and expanding capacity, including new units and backward integration, to meet growing order requirements.
2 more points from Srivasavi Adhesive Tapes's call on the order book
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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
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹448 Cr | 17.9 | |
| 2 | 40%+ | Up 2%+ | ₹413 Cr | 12.0 | |
| 3 | 40%+ | Up 2%+ | ₹324 Cr | 22.7 | |
| 4 | 40%+ | Up 0–2% | ₹1,496 Cr | 32.8 | |
| 5 | 40%+ | Up 0–2% | ₹1,079 Cr | 12.7 | |
| 6 | 40%+ | Flat | ₹827 Cr | 21.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Srivasavi Adhesive Tapes
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Srivasavi Adhesive Tapes
Shareholding breakup across reporting periods.
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters + | 73.21% | 73.21% | 73.21% | 73.21% | 73.57% | 73.92% | 74.57% | 74.57% |
| Public + | 26.79% | 26.79% | 26.79% | 26.79% | 26.43% | 26.08% | 25.43% | 25.43% |
| No. of Shareholders | 500 | 642 | 1,143 | 1,376 | 1,213 | 1,239 | 1,197 | 1,129 |
Pros & Cons
Srivasavi Adhesive Tapes
Key positives and risks surfaced from the company insights section.
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
Financials of Srivasavi Adhesive Tapes
Quarterly Results
Quarter-by-quarter operating performance
Financials of Srivasavi Adhesive Tapes
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 14 | 17 | 46 | 55 | 63 | 59 | 78 | 90 | 107 | 125 |
| Expenses + | 13 | 16 | 43 | 52 | 58 | 54 | 70 | 81 | 98 | 113 |
| Operating Profit | 1 | 1 | 3 | 3 | 6 | 6 | 8 | 9 | 9 | 12 |
| OPM % | 4.3% | 4.5% | 6% | 6% | 9% | 10% | 10% | 10% | 8% | 9% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 0 | 0 |
| Interest | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 2 | 3 | 5 | 5 | 7 | 9 | 8 | 9 |
| Tax % | 35% | 33% | 40% | 27% | 27% | 27% | 27% | 26% | 24% | |
| Net Profit + | 0 | 0 | 1 | 2 | 4 | 4 | 5 | 7 | 6 | 7 |
| EPS in Rs | 0.25 | 0.30 | 1.16 | 1.86 | 3.48 | 2.55 | 3.63 | 4.80 | 4.19 | 4.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Srivasavi Adhesive Tapes
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.95 | 0.95 | 1 | 1 | 1 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 1 | 1 | 4 | 6 | 10 | 15 | 20 | 26 | 32 | 36 |
| Borrowings + | 4 | 4 | 6 | 4 | 6 | 2 | 2 | 1 | 18 | 25 |
| Other Liabilities + | 2 | 3 | 10 | 12 | 10 | 11 | 13 | 16 | 19 | 26 |
| Total Liabilities | 7 | 9 | 20 | 23 | 27 | 41 | 49 | 58 | 83 | 101 |
| Fixed Assets + | 2 | 2 | 5 | 6 | 6 | 7 | 12 | 15 | 19 | 36 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Other Assets + | 6 | 6 | 15 | 17 | 21 | 34 | 38 | 43 | 52 | 63 |
| Total Assets | 7 | 9 | 20 | 23 | 27 | 41 | 49 | 58 | 83 | 101 |
Financials of Srivasavi Adhesive Tapes
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 5 | -2 | -0 | -1 | 2 | 2 | ||
| Cash from Investing Activity + | -1 | -2 | -1 | -9 | 0 | -1 | -18 | ||
| Cash from Financing Activity + | -2 | -2 | 2 | 9 | 1 | -1 | 16 | ||
| Net Cash Flow | 0 | 1 | -2 | 0 | 0 | 0 | -0 | ||
| Free Cash Flow | 2 | 3 | -3 | -3 | -5 | -1 | -14 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 109% | 182% | -19% | 30% | 18% | 40% | 43% |
Financials of Srivasavi Adhesive Tapes
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 90 | 86 | 74 | 69 | 58 | 77 | 77 | 92 | 92 |
| Inventory Days | 53 | 48 | 46 | 29 | 63 | 85 | 87 | 87 | 87 |
| Days Payable | 50 | 58 | 79 | 81 | 67 | 77 | 71 | 75 | 76 |
| Cash Conversion Cycle | 94 | 76 | 41 | 17 | 54 | 85 | 93 | 104 | 102 |
| Working Capital Days | 93 | 76 | 4 | -1 | 33 | 73 | 79 | 99 | 67 |
| ROCE % | 16% | 26% | 38% | 23% | 22% | 24% | 15% |
Continue your research
What Srivasavi Adhesive Tapes's management said in earlier quarters
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