About
HP Adhesives Limited manufactures and distributes adhesives and sealants in India and internationally. Its products include solvent cement, contact adhesive, white glue/PVA, epoxy putty and adhesives, spray paints, and plumbing accessories, as well as cyanoacrylates, synthetic rubber adhesives, black and white sealants, pipe lubricant, and gasket shellacs. The company also offers ancillary products, such as ball valves, teflon tapes, and masking tapes. In addition, it provides solvent cement and plumbing accessories, as well as drainage solutions, such as manhole cover, water gully cover, water gully cover, gratings, water tank cover. It serves plumbing, glass glazing, building facade, water supply and drainage, footwear, home improvement, foam and furnishing, automotive, woodworking, carpenter, and agriculture through a network of distributors and retailers. HP Adhesives Limited was founded in 1987 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap327 Cr
P/E136.00
Div Yield1.12 %
Book Value₹20.40
52w High₹53.00
52w Low₹26.30
Face Value₹2.00
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 | 63.34 | 57.70 | 61.39 | 65.13 | 66.13 | 65.44 | 65.72 | 58.87 | 60.52 | 59.31 | 54.75 | 62.60 | 59.32 |
| Expenses | 63.54 | 61.42 | 57.58 | 58.73 | 59.52 | 59.92 | 59.77 | 52.39 | 52.95 | 50.50 | 46.97 | 55.26 | 53.18 |
| Operating Profit | -0.20 | -3.72 | 3.81 | 6.40 | 6.61 | 5.52 | 5.95 | 6.48 | 7.57 | 8.81 | 7.78 | 7.34 | 6.14 |
| OPM % | -0.32 | -6.45 | 6.21 | 9.83 | 10.00 | 8.44 | 9.05 | 11.01 | 12.51 | 14.85 | 14.21 | 11.73 | 10.35 |
| Other Income | 1.02 | 0.67 | 0.44 | 0.47 | 1.05 | 1.58 | 1.29 | 0.17 | 1.48 | 0.88 | 0.62 | 1.04 | 0.98 |
| Depreciation | 1.27 | 1.45 | 1.50 | 1.45 | 1.41 | 1.25 | 1.17 | 1.15 | 1.13 | 1.08 | 1.11 | 1.08 | 1.03 |
| Interest | 0.81 | 0.75 | 0.64 | 0.63 | 0.64 | 0.59 | 0.58 | 0.51 | 0.47 | 0.56 | 0.18 | 0.21 | 0.23 |
| Profit before tax | -1.26 | -5.25 | 2.11 | 4.79 | 5.61 | 5.26 | 5.49 | 4.99 | 7.45 | 8.05 | 7.11 | 7.09 | 5.86 |
| Tax % | -33.33 | -54.48 | 28.91 | 25.89 | 24.78 | 21.86 | 27.87 | 17.23 | 24.30 | 30.43 | 26.72 | 26.09 | 22.87 |
| Net Profit | -0.84 | -2.39 | 1.50 | 3.55 | 4.22 | 4.12 | 3.96 | 4.12 | 5.63 | 5.61 | 5.21 | 5.24 | 4.51 |
| EPS in Rs | -0.09 | -0.26 | 0.16 | 0.39 | 0.46 | 0.45 | 0.43 | 0.45 | 0.61 | 0.61 | 0.57 | 0.57 | 0.49 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 249.00 | 251.00 | 236.00 | 233.00 | 165.00 | 118.00 | 85.00 |
| Expenses | 236.00 | 226.00 | 205.00 | 214.00 | 153.00 | 106.00 | 80.00 |
| Operating Profit | 13.00 | 26.00 | 31.00 | 19.00 | 11.00 | 12.00 | 4.00 |
| OPM % | 5.00 | 10.00 | 13.00 | 8.00 | 7.00 | 10.00 | 5.00 |
| Other Income | 3.00 | 4.00 | 4.00 | 2.00 | 3.00 | 6.00 | -5.00 |
| Interest | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 |
| Depreciation | 6.00 | 5.00 | 4.00 | 3.00 | 3.00 | 2.00 | 2.00 |
| Profit before tax | 7.00 | 23.00 | 28.00 | 15.00 | 8.00 | 13.00 | -5.00 |
| Tax % | 5.00 | 23.00 | 27.00 | 28.00 | 26.00 | 24.00 | -13.00 |
| Net Profit | 7.00 | 18.00 | 21.00 | 11.00 | 6.00 | 10.00 | -5.00 |
| EPS in Rs | 0.75 | 1.94 | 2.24 | 1.18 | 0.65 | 1.55 | -0.73 |
| Dividend Payout % | 53.00 | 21.00 | 13.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 13.00 | 13.00 |
| Reserves | 169.00 | 166.00 | 151.00 | 130.00 | 119.00 | 0.00 | -11.00 |
| Borrowings | 4.00 | 8.00 | 3.00 | 9.00 | 19.00 | 43.00 | 36.00 |
| Other Liabilities | 40.00 | 36.00 | 26.00 | 28.00 | 40.00 | 35.00 | 19.00 |
| Total Liabilities | 232.00 | 228.00 | 198.00 | 185.00 | 195.00 | 90.00 | 57.00 |
| Fixed Assets | 72.00 | 73.00 | 52.00 | 39.00 | 26.00 | 19.00 | 11.00 |
| CWIP | 5.00 | 4.00 | 16.00 | 17.00 | 18.00 | 7.00 | 1.00 |
| Investments | 22.00 | 25.00 | 18.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 132.00 | 126.00 | 111.00 | 129.00 | 152.00 | 64.00 | 45.00 |
| Total Assets | 232.00 | 228.00 | 198.00 | 185.00 | 195.00 | 90.00 | 57.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | 10.00 | 22.00 | -5.00 | -10.00 | 11.00 | 1.00 |
| Cash from Investing Activity | -2.00 | -9.00 | -15.00 | 8.00 | -67.00 | -16.00 | -5.00 |
| Cash from Financing Activity | -8.00 | 2.00 | -6.00 | -12.00 | 86.00 | 5.00 | 4.00 |
| Net Cash Flow | -2.00 | 2.00 | 0.00 | -10.00 | 9.00 | 0.00 | -1.00 |
| Free Cash Flow | -6.00 | -4.00 | 5.00 | -21.00 | -26.00 | -5.00 | -4.00 |
| CFO/OP % | 82.00 | 64.00 | 94.00 | -9.00 | -71.00 | 114.00 | 19.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 55.00 | 61.00 | 56.00 | 58.00 | 71.00 | 71.00 | 86.00 |
| Inventory Days | 119.00 | 130.00 | 118.00 | 97.00 | 124.00 | 146.00 | 125.00 |
| Days Payable | 66.00 | 53.00 | 40.00 | 44.00 | 95.00 | 116.00 | 103.00 |
| Cash Conversion Cycle | 108.00 | 137.00 | 134.00 | 112.00 | 100.00 | 100.00 | 107.00 |
| Working Capital Days | 148.00 | 111.00 | 106.00 | 102.00 | 84.00 | -19.00 | -48.00 |
| ROCE % | 6.00 | 14.00 | 18.00 | 12.00 | 11.00 | 34.00 | — |
Corporate Actions
3 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Sep 2025 | 23 Sep 2025 | — | 0.40 | |
| Dividend | 13 Sep 2024 | 13 Sep 2024 | — | 0.30 | |
| Split | 09 Nov 2023 | 09 Nov 2023 | 10:2 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update29 Jan from care
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Rating update26 Sep 2025 from care
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Rating update19 Sep 2024 from care
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Rating update4 Oct 2023 from care
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Rating update15 Nov 2022 from care
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Rating update12 Nov 2021 from care