About
Hindustan Adhesives Limited, a specialty adhesive coating company, manufactures and sells self-adhesive tapes in India and internationally. It offers packaging tapes, which includes BOPP acrylic, BOPP hot melt, BOPP solvent, semi-crepe paper, water activated paper, recycled PET tapes, water activated, kraft paper, cellophane, and flexo printable tapes; industrial tapes, including double sided, filament, strapping, duct, aluminium foil, and masking tapes; tear tapes, such as carton, FMCG, and sustainable tear tapes, as well as string and tag tape for tea bags; and POF shrink films, comprising non-cross linked, cross-linked, and sustainable POF shrink films. The company also exports its products. Hindustan Adhesives Limited was incorporated in 1988 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap189 Cr
P/E8.37
Div Yield0.00 %
Book Value₹213.00
52w High₹403.00
52w Low₹248.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80.00 | 58.00 | 67.00 | 65.00 | 66.00 | 64.00 | 73.00 | 84.00 | 64.00 | 72.00 | 70.00 | 81.00 | 81.00 |
| Expenses | 58.00 | 51.00 | 57.00 | 54.00 | 58.00 | 53.00 | 64.00 | 74.00 | 59.00 | 64.00 | 61.00 | 73.00 | 74.00 |
| Operating Profit | 21.00 | 7.00 | 10.00 | 10.00 | 9.00 | 10.00 | 9.00 | 10.00 | 5.00 | 8.00 | 10.00 | 8.00 | 7.00 |
| OPM % | 27.00 | 12.00 | 15.00 | 16.00 | 13.00 | 16.00 | 12.00 | 12.00 | 8.00 | 11.00 | 14.00 | 10.00 | 9.00 |
| Other Income | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Interest | 3.00 | 2.00 | 2.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 15.00 | 0.00 | 7.00 | 8.00 | 5.00 | 5.00 | 6.00 | 7.00 | 3.00 | 4.00 | 7.00 | 6.00 | 5.00 |
| Tax % | 29.00 | -102.00 | 34.00 | 24.00 | 27.00 | 37.00 | 26.00 | 25.00 | 25.00 | 10.00 | 36.00 | 31.00 | 14.00 |
| Net Profit | 11.00 | 1.00 | 5.00 | 6.00 | 4.00 | 3.00 | 5.00 | 5.00 | 2.00 | 4.00 | 5.00 | 4.00 | 4.00 |
| EPS in Rs | 20.80 | 1.82 | 8.81 | 11.16 | 7.33 | 6.45 | 8.97 | 10.50 | 4.16 | 7.35 | 8.89 | 7.56 | 8.27 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Sales | 256.00 | 285.00 | 303.00 | 321.00 | 449.00 | 76.00 | 70.00 |
| Expenses | 219.00 | 250.00 | 271.00 | 301.00 | 416.00 | 65.00 | 61.00 |
| Operating Profit | 36.00 | 34.00 | 33.00 | 20.00 | 33.00 | 11.00 | 10.00 |
| OPM % | 14.00 | 12.00 | 11.00 | 6.00 | 7.00 | 15.00 | 14.00 |
| Other Income | 3.00 | 5.00 | 3.00 | 3.00 | 4.00 | 1.00 | 0.00 |
| Interest | 8.00 | 6.00 | 5.00 | 7.00 | 8.00 | 3.00 | 3.00 |
| Depreciation | 12.00 | 11.00 | 9.00 | 11.00 | 11.00 | 4.00 | 3.00 |
| Profit before tax | 20.00 | 21.00 | 22.00 | 6.00 | 18.00 | 5.00 | 3.00 |
| Tax % | 25.00 | 28.00 | 25.00 | 16.00 | 31.00 | 8.00 | 39.00 |
| Net Profit | 15.00 | 15.00 | 16.00 | 5.00 | 13.00 | 5.00 | 2.00 |
| EPS in Rs | 29.12 | 30.08 | 32.07 | 9.50 | 24.47 | 9.32 | 3.44 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 104.00 | 86.00 | 71.00 | 55.00 | 50.00 | 19.00 | 14.00 |
| Borrowings | 122.00 | 109.00 | 69.00 | 66.00 | 80.00 | 21.00 | 21.00 |
| Other Liabilities | 57.00 | 59.00 | 51.00 | 42.00 | 66.00 | 13.00 | 13.00 |
| Total Liabilities | 288.00 | 259.00 | 195.00 | 168.00 | 201.00 | 58.00 | 53.00 |
| Fixed Assets | 114.00 | 71.00 | 73.00 | 77.00 | 80.00 | 23.00 | 23.00 |
| CWIP | 44.00 | 59.00 | 6.00 | 0.00 | 0.00 | 1.00 | 0.00 |
| Investments | 6.00 | 3.00 | 2.00 | 3.00 | 5.00 | 2.00 | 2.00 |
| Other Assets | 124.00 | 126.00 | 114.00 | 88.00 | 116.00 | 32.00 | 29.00 |
| Total Assets | 288.00 | 259.00 | 195.00 | 168.00 | 201.00 | 58.00 | 53.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 31.00 | 18.00 | 13.00 | 27.00 | 25.00 | 8.00 | 8.00 |
| Cash from Investing Activity | -19.00 | -49.00 | -9.00 | -10.00 | -15.00 | -5.00 | -3.00 |
| Cash from Financing Activity | -11.00 | 35.00 | -2.00 | -20.00 | -10.00 | -3.00 | -5.00 |
| Net Cash Flow | 0.00 | 4.00 | 1.00 | -2.00 | 0.00 | -1.00 | 0.00 |
| Free Cash Flow | 10.00 | -41.00 | 2.00 | 19.00 | 10.00 | 3.00 | 7.00 |
| CFO/OP % | 99.00 | 66.00 | 60.00 | 146.00 | 94.00 | 81.00 | 94.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44.00 | 35.00 | 48.00 | 29.00 | 38.00 | 68.00 | 60.00 |
| Inventory Days | 168.00 | 148.00 | 72.00 | 86.00 | 56.00 | 120.00 | 126.00 |
| Days Payable | 95.00 | 87.00 | 48.00 | 42.00 | 47.00 | 86.00 | 73.00 |
| Cash Conversion Cycle | 117.00 | 96.00 | 72.00 | 74.00 | 47.00 | 102.00 | 113.00 |
| Working Capital Days | -29.00 | -7.00 | -6.00 | -1.00 | 2.00 | 0.00 | -6.00 |
| ROCE % | 13.00 | 16.00 | 20.00 | 10.00 | — | 19.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 21 Nov 2016 | 22 Nov 2016 | — | 1.00 | |
| Other | 21 Jan 2003 | 30 Jan 2003 | — | — | Voluntary Delisting of Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update16 Mar from care
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Rating update5 Sep 2025 from care
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Rating update10 Apr 2025 from fitch
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Rating update6 Dec 2024 from care
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Rating update15 May 2024 from fitch
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Rating update4 Dec 2023 from care