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Last Updated: January 3, 2026, 1:58 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 514428 | NSE: HINDADH

Hindustan Adhesives Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 3, 2026, 1:58 pm

Market Cap 168 Cr.
Current Price 328
High / Low 422/281
Stock P/E9.24
Book Value 200
Dividend Yield0.00 %
ROCE17.2 %
ROE18.0 %
Face Value 10.0
PEG Ratio1.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hindustan Adhesives Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Hindustan Adhesives Ltd 168 Cr. 328 422/2819.24 2000.00 %17.2 %18.0 % 10.0
G M Polyplast Ltd 91.5 Cr. 68.0 150/61.512.5 31.70.00 %28.8 %21.0 % 10.0
Duropack Ltd 35.2 Cr. 66.7 107/63.021.4 41.10.00 %10.3 %8.09 % 10.0
Command Polymers Ltd 24.0 Cr. 25.6 41.8/25.642.8 13.20.00 %4.73 %3.64 % 10.0
Bansal Roofing Products Ltd 137 Cr. 104 135/81.318.0 26.80.97 %22.4 %18.2 % 10.0
Industry Average564.67 Cr105.3819.6570.820.33%14.04%11.51%7.70

All Competitor Stocks of Hindustan Adhesives Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 118.0473.3175.9954.2081.1081.1170.3471.6164.0684.4472.5563.7766.39
Expenses 110.9366.9372.8150.7573.7472.8960.7263.9658.9874.4263.7453.4657.74
Operating Profit 7.116.383.183.457.368.229.627.655.0810.028.8110.318.65
OPM % 6.02%8.70%4.18%6.37%9.08%10.13%13.68%10.68%7.93%11.87%12.14%16.17%13.03%
Other Income 1.890.540.380.681.030.820.820.331.120.871.431.090.84
Interest 1.851.591.981.381.421.351.181.311.191.481.571.911.89
Depreciation 2.882.952.972.182.062.072.122.492.172.222.484.252.48
Profit before tax 4.272.38-1.390.574.915.627.144.182.847.196.195.245.12
Tax % 27.87%22.69%-22.30%-80.70%13.85%31.14%36.27%10.05%25.00%25.31%25.85%37.02%26.76%
Net Profit 3.081.84-1.081.034.233.874.553.762.135.374.593.303.75
EPS in Rs 6.023.60-2.112.018.277.568.897.354.1610.508.976.457.33

Last Updated: August 19, 2025, 1:50 pm

Below is a detailed analysis of the quarterly data for Hindustan Adhesives Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 66.39 Cr.. The value appears strong and on an upward trend. It has increased from 63.77 Cr. (Mar 2025) to 66.39 Cr., marking an increase of 2.62 Cr..
  • For Expenses, as of Jun 2025, the value is 57.74 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 53.46 Cr. (Mar 2025) to 57.74 Cr., marking an increase of 4.28 Cr..
  • For Operating Profit, as of Jun 2025, the value is 8.65 Cr.. The value appears to be declining and may need further review. It has decreased from 10.31 Cr. (Mar 2025) to 8.65 Cr., marking a decrease of 1.66 Cr..
  • For OPM %, as of Jun 2025, the value is 13.03%. The value appears to be declining and may need further review. It has decreased from 16.17% (Mar 2025) to 13.03%, marking a decrease of 3.14%.
  • For Other Income, as of Jun 2025, the value is 0.84 Cr.. The value appears to be declining and may need further review. It has decreased from 1.09 Cr. (Mar 2025) to 0.84 Cr., marking a decrease of 0.25 Cr..
  • For Interest, as of Jun 2025, the value is 1.89 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.91 Cr. (Mar 2025) to 1.89 Cr., marking a decrease of 0.02 Cr..
  • For Depreciation, as of Jun 2025, the value is 2.48 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.25 Cr. (Mar 2025) to 2.48 Cr., marking a decrease of 1.77 Cr..
  • For Profit before tax, as of Jun 2025, the value is 5.12 Cr.. The value appears to be declining and may need further review. It has decreased from 5.24 Cr. (Mar 2025) to 5.12 Cr., marking a decrease of 0.12 Cr..
  • For Tax %, as of Jun 2025, the value is 26.76%. The value appears to be improving (decreasing) as expected. It has decreased from 37.02% (Mar 2025) to 26.76%, marking a decrease of 10.26%.
  • For Net Profit, as of Jun 2025, the value is 3.75 Cr.. The value appears strong and on an upward trend. It has increased from 3.30 Cr. (Mar 2025) to 3.75 Cr., marking an increase of 0.45 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 7.33. The value appears strong and on an upward trend. It has increased from 6.45 (Mar 2025) to 7.33, marking an increase of 0.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:34 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7876697476140153214449321303285269
Expenses 6967596368129141192416301271250230
Operating Profit 89101181112213320333439
OPM % 11%12%14%15%11%8%8%10%7%6%11%12%14%
Other Income 0001146743355
Interest 3333355687567
Depreciation 24333678111191112
Profit before tax 333534614186222125
Tax % 25%38%35%8%26%33%-15%36%31%16%25%28%
Net Profit 22252279135161518
EPS in Rs 4.673.074.149.604.874.6312.8617.1024.479.5032.0730.0835.49
Dividend Payout % 0%0%0%10%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.00%150.00%-60.00%0.00%250.00%28.57%44.44%-61.54%220.00%-6.25%
Change in YoY Net Profit Growth (%)0.00%0.00%150.00%-210.00%60.00%250.00%-221.43%15.87%-105.98%281.54%-226.25%

Hindustan Adhesives Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 10, 2025, 4:29 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 11121419222430385055718797
Borrowings 24222121495470848066608784
Other Liabilities 14151213202821376642506070
Total Liabilities 5454535896111126164201168186239256
Fixed Assets 22242223215662768077727066
CWIP 00013201100002326
Investments 0022211123152023
Other Assets 32302932425452861208899125141
Total Assets 5454535896111126164201168186239256

Below is a detailed analysis of the balance sheet data for Hindustan Adhesives Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 5.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 5.00 Cr..
  • For Reserves, as of Sep 2025, the value is 97.00 Cr.. The value appears strong and on an upward trend. It has increased from 87.00 Cr. (Mar 2025) to 97.00 Cr., marking an increase of 10.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 84.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 87.00 Cr. (Mar 2025) to 84.00 Cr., marking a decrease of 3.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 70.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 60.00 Cr. (Mar 2025) to 70.00 Cr., marking an increase of 10.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 256.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 239.00 Cr. (Mar 2025) to 256.00 Cr., marking an increase of 17.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 66.00 Cr.. The value appears to be declining and may need further review. It has decreased from 70.00 Cr. (Mar 2025) to 66.00 Cr., marking a decrease of 4.00 Cr..
  • For CWIP, as of Sep 2025, the value is 26.00 Cr.. The value appears strong and on an upward trend. It has increased from 23.00 Cr. (Mar 2025) to 26.00 Cr., marking an increase of 3.00 Cr..
  • For Investments, as of Sep 2025, the value is 23.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Mar 2025) to 23.00 Cr., marking an increase of 3.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 141.00 Cr.. The value appears strong and on an upward trend. It has increased from 125.00 Cr. (Mar 2025) to 141.00 Cr., marking an increase of 16.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 256.00 Cr.. The value appears strong and on an upward trend. It has increased from 239.00 Cr. (Mar 2025) to 256.00 Cr., marking an increase of 17.00 Cr..

Notably, the Reserves (97.00 Cr.) exceed the Borrowings (84.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +3108751110625272715
Cash from Investing Activity +-2-6-3-5-31-10-23-12-15-10-15-37
Cash from Financing Activity +-0-4-5-326-1128-10-20-1022
Net Cash Flow1-00-111-12-0-21-1

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-16.00-13.00-11.00-10.00-41.00-43.00-58.00-63.00-47.00-46.00-27.00-53.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days676362707459435538294835
Inventory Days7999126120162887568568672141
Days Payable7678727912280415547424784
Cash Conversion Cycle698411511011467776847747292
Working Capital Days2-1-51316414122-1-62
ROCE %18%15%17%19%10%11%12%17%20%10%21%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters68.48%68.48%68.48%68.48%68.48%68.54%68.55%68.55%68.58%68.58%68.58%68.48%
Public31.52%31.51%31.52%31.51%31.52%31.46%31.46%31.46%31.42%31.43%31.41%31.52%
No. of Shareholders9,1689,3319,5489,7199,5987,9998,0398,0797,7807,6517,5817,397

Shareholding Pattern Chart

No. of Shareholders

Hindustan Adhesives Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 17Mar 16
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 30.0532.079.509.333.43
Diluted EPS (Rs.) 30.0532.079.509.333.43
Cash EPS (Rs.) 51.8149.1430.9716.399.96
Book Value[Excl.RevalReserv]/Share (Rs.) 178.06147.93116.7347.3038.46
Book Value[Incl.RevalReserv]/Share (Rs.) 178.06147.93116.7347.3038.46
Revenue From Operations / Share (Rs.) 556.70594.50628.46148.10137.84
PBDIT / Share (Rs.) 75.7070.0746.1422.9918.90
PBIT / Share (Rs.) 53.9753.0024.6815.9412.37
PBT / Share (Rs.) 41.9542.7111.3910.205.64
Net Profit / Share (Rs.) 30.0832.079.509.333.43
NP After MI And SOA / Share (Rs.) 30.0832.079.509.333.43
PBDIT Margin (%) 13.5911.787.3415.5213.71
PBIT Margin (%) 9.698.913.9210.768.97
PBT Margin (%) 7.537.181.816.884.09
Net Profit Margin (%) 5.405.391.516.302.49
NP After MI And SOA Margin (%) 5.405.391.516.302.49
Return on Networth / Equity (%) 16.8921.678.1419.899.04
Return on Capital Employeed (%) 20.1027.8415.0527.0824.20
Return On Assets (%) 5.948.692.898.183.29
Long Term Debt / Equity (X) 0.430.230.320.140.18
Total Debt / Equity (X) 1.160.901.110.871.07
Asset Turnover Ratio (%) 1.271.710.001.330.00
Current Ratio (X) 1.000.971.001.041.02
Quick Ratio (X) 0.450.560.390.600.55
Inventory Turnover Ratio (X) 5.504.180.003.020.00
Dividend Payout Ratio (NP) (%) 0.000.000.0010.710.00
Dividend Payout Ratio (CP) (%) 0.000.000.006.100.00
Earning Retention Ratio (%) 0.000.000.0089.290.00
Cash Earning Retention Ratio (%) 0.000.000.0093.900.00
Interest Coverage Ratio (X) 6.306.813.474.012.81
Interest Coverage Ratio (Post Tax) (X) 3.504.121.722.631.51
Enterprise Value (Cr.) 271.36253.23165.2850.5338.77
EV / Net Operating Revenue (X) 0.950.830.510.660.54
EV / EBITDA (X) 7.017.067.004.294.01
MarketCap / Net Operating Revenue (X) 0.600.610.310.400.27
Retention Ratios (%) 0.000.000.0089.280.00
Price / BV (X) 1.892.471.681.260.99
Price / Net Operating Revenue (X) 0.600.610.310.400.27
EarningsYield 0.080.080.040.150.09

After reviewing the key financial ratios for Hindustan Adhesives Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 30.05. This value is within the healthy range. It has decreased from 32.07 (Mar 24) to 30.05, marking a decrease of 2.02.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 30.05. This value is within the healthy range. It has decreased from 32.07 (Mar 24) to 30.05, marking a decrease of 2.02.
  • For Cash EPS (Rs.), as of Mar 25, the value is 51.81. This value is within the healthy range. It has increased from 49.14 (Mar 24) to 51.81, marking an increase of 2.67.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 178.06. It has increased from 147.93 (Mar 24) to 178.06, marking an increase of 30.13.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 178.06. It has increased from 147.93 (Mar 24) to 178.06, marking an increase of 30.13.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 556.70. It has decreased from 594.50 (Mar 24) to 556.70, marking a decrease of 37.80.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 75.70. This value is within the healthy range. It has increased from 70.07 (Mar 24) to 75.70, marking an increase of 5.63.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 53.97. This value is within the healthy range. It has increased from 53.00 (Mar 24) to 53.97, marking an increase of 0.97.
  • For PBT / Share (Rs.), as of Mar 25, the value is 41.95. This value is within the healthy range. It has decreased from 42.71 (Mar 24) to 41.95, marking a decrease of 0.76.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 30.08. This value is within the healthy range. It has decreased from 32.07 (Mar 24) to 30.08, marking a decrease of 1.99.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 30.08. This value is within the healthy range. It has decreased from 32.07 (Mar 24) to 30.08, marking a decrease of 1.99.
  • For PBDIT Margin (%), as of Mar 25, the value is 13.59. This value is within the healthy range. It has increased from 11.78 (Mar 24) to 13.59, marking an increase of 1.81.
  • For PBIT Margin (%), as of Mar 25, the value is 9.69. This value is below the healthy minimum of 10. It has increased from 8.91 (Mar 24) to 9.69, marking an increase of 0.78.
  • For PBT Margin (%), as of Mar 25, the value is 7.53. This value is below the healthy minimum of 10. It has increased from 7.18 (Mar 24) to 7.53, marking an increase of 0.35.
  • For Net Profit Margin (%), as of Mar 25, the value is 5.40. This value is within the healthy range. It has increased from 5.39 (Mar 24) to 5.40, marking an increase of 0.01.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.40. This value is below the healthy minimum of 8. It has increased from 5.39 (Mar 24) to 5.40, marking an increase of 0.01.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 16.89. This value is within the healthy range. It has decreased from 21.67 (Mar 24) to 16.89, marking a decrease of 4.78.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 20.10. This value is within the healthy range. It has decreased from 27.84 (Mar 24) to 20.10, marking a decrease of 7.74.
  • For Return On Assets (%), as of Mar 25, the value is 5.94. This value is within the healthy range. It has decreased from 8.69 (Mar 24) to 5.94, marking a decrease of 2.75.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.43. This value is within the healthy range. It has increased from 0.23 (Mar 24) to 0.43, marking an increase of 0.20.
  • For Total Debt / Equity (X), as of Mar 25, the value is 1.16. This value exceeds the healthy maximum of 1. It has increased from 0.90 (Mar 24) to 1.16, marking an increase of 0.26.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.27. It has decreased from 1.71 (Mar 24) to 1.27, marking a decrease of 0.44.
  • For Current Ratio (X), as of Mar 25, the value is 1.00. This value is below the healthy minimum of 1.5. It has increased from 0.97 (Mar 24) to 1.00, marking an increase of 0.03.
  • For Quick Ratio (X), as of Mar 25, the value is 0.45. This value is below the healthy minimum of 1. It has decreased from 0.56 (Mar 24) to 0.45, marking a decrease of 0.11.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.50. This value is within the healthy range. It has increased from 4.18 (Mar 24) to 5.50, marking an increase of 1.32.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 6.30. This value is within the healthy range. It has decreased from 6.81 (Mar 24) to 6.30, marking a decrease of 0.51.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.50. This value is within the healthy range. It has decreased from 4.12 (Mar 24) to 3.50, marking a decrease of 0.62.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 271.36. It has increased from 253.23 (Mar 24) to 271.36, marking an increase of 18.13.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.95. This value is below the healthy minimum of 1. It has increased from 0.83 (Mar 24) to 0.95, marking an increase of 0.12.
  • For EV / EBITDA (X), as of Mar 25, the value is 7.01. This value is within the healthy range. It has decreased from 7.06 (Mar 24) to 7.01, marking a decrease of 0.05.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.60. This value is below the healthy minimum of 1. It has decreased from 0.61 (Mar 24) to 0.60, marking a decrease of 0.01.
  • For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Price / BV (X), as of Mar 25, the value is 1.89. This value is within the healthy range. It has decreased from 2.47 (Mar 24) to 1.89, marking a decrease of 0.58.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.60. This value is below the healthy minimum of 1. It has decreased from 0.61 (Mar 24) to 0.60, marking a decrease of 0.01.
  • For EarningsYield, as of Mar 25, the value is 0.08. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.08.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hindustan Adhesives Ltd as of January 3, 2026 is: ₹271.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 3, 2026, Hindustan Adhesives Ltd is Overvalued by 17.25% compared to the current share price ₹328.00

Intrinsic Value of Hindustan Adhesives Ltd as of January 3, 2026 is: ₹292.38

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 3, 2026, Hindustan Adhesives Ltd is Overvalued by 10.86% compared to the current share price ₹328.00

Last 5 Year EPS CAGR: 7.72%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 4.33, which is a positive sign.
  3. The company has shown consistent growth in sales (192.85 cr) and profit (10.23 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 82.42, which may not be favorable.
  2. The company has higher borrowings (55.54) compared to reserves (40.77), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Hindustan Adhesives Ltd:
    1. Net Profit Margin: 5.4%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.1% (Industry Average ROCE: 14.04%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 16.89% (Industry Average ROE: 11.51%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.5
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.45
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 9.24 (Industry average Stock P/E: 19.65)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.16
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Hindustan Adhesives Ltd. is a Public Limited Listed company incorporated on 05/04/1988 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1988PLC031191 and registration number is 031191. Currently company belongs to the Industry of Plastics - Sheets/Films. Company's Total Operating Revenue is Rs. 284.82 Cr. and Equity Capital is Rs. 5.12 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Sheets/FilmsB-2/8, Safdarjung Enclave, New Delhi Delhi 110029Contact not found
Management
NamePosition Held
Mr. M S BaglaManaging Director
Mrs. Urmila GoenkaWhole Time Director
Mr. Ashok Kumar PathakWhole Time Director
Mr. Sudeep PandeInd. Non-Executive Director
Mr. Ravi Kumar AggarwalInd. Non-Executive Director

FAQ

What is the intrinsic value of Hindustan Adhesives Ltd?

Hindustan Adhesives Ltd's intrinsic value (as of 03 January 2026) is ₹271.43 which is 17.25% lower the current market price of ₹328.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹168 Cr. market cap, FY2025-2026 high/low of ₹422/281, reserves of ₹97 Cr, and liabilities of ₹256 Cr.

What is the Market Cap of Hindustan Adhesives Ltd?

The Market Cap of Hindustan Adhesives Ltd is 168 Cr..

What is the current Stock Price of Hindustan Adhesives Ltd as on 03 January 2026?

The current stock price of Hindustan Adhesives Ltd as on 03 January 2026 is ₹328.

What is the High / Low of Hindustan Adhesives Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Hindustan Adhesives Ltd stocks is ₹422/281.

What is the Stock P/E of Hindustan Adhesives Ltd?

The Stock P/E of Hindustan Adhesives Ltd is 9.24.

What is the Book Value of Hindustan Adhesives Ltd?

The Book Value of Hindustan Adhesives Ltd is 200.

What is the Dividend Yield of Hindustan Adhesives Ltd?

The Dividend Yield of Hindustan Adhesives Ltd is 0.00 %.

What is the ROCE of Hindustan Adhesives Ltd?

The ROCE of Hindustan Adhesives Ltd is 17.2 %.

What is the ROE of Hindustan Adhesives Ltd?

The ROE of Hindustan Adhesives Ltd is 18.0 %.

What is the Face Value of Hindustan Adhesives Ltd?

The Face Value of Hindustan Adhesives Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hindustan Adhesives Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE