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Last Updated: March 3, 2026, 2:26 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543433 | NSE: HPAL

HP Adhesives Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 2:26 pm

Market Cap 322 Cr.
Current Price 35.1
Intrinsic Value₹44.43
High / Low 57.6/34.0
Stock P/E23.2
Book Value 20.5
Dividend Yield1.14 %
ROCE13.6 %
ROE9.82 %
Face Value 2.00
PEG Ratio1.32

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

View Share Price Target for HP Adhesives Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HP Adhesives Ltd 322 Cr. 35.1 57.6/34.023.2 20.51.14 %13.6 %9.82 % 2.00
Aarti Surfactants Ltd 320 Cr. 378 653/35817.9 2800.26 %8.50 %5.14 % 10.0
Bhatia Colour Chem Ltd 255 Cr. 180 430/18052.7 73.10.00 %7.73 %5.17 % 10.0
Black Rose Industries Ltd 403 Cr. 79.0 138/75.121.1 30.51.33 %19.0 %14.2 % 1.00
Chembond Chemicals Ltd 191 Cr. 142 490/13314.0 1211.23 %11.5 %10.5 % 5.00
Industry Average12,798.48 Cr752.0878.65182.870.49%12.99%25.41%6.41

All Competitor Stocks of HP Adhesives Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 55.1757.8659.3262.6054.7559.3160.5258.8765.7266.1966.1365.1364.79
Expenses 49.4850.8453.1855.2646.9750.5052.9552.3959.7760.5959.5258.7360.98
Operating Profit 5.697.026.147.347.788.817.576.485.955.606.616.403.81
OPM % 10.31%12.13%10.35%11.73%14.21%14.85%12.51%11.01%9.05%8.46%10.00%9.83%5.88%
Other Income -0.300.560.981.040.620.881.480.171.291.501.050.470.44
Interest 0.600.430.230.210.180.560.470.510.580.590.640.630.64
Depreciation 0.810.881.031.081.111.081.131.151.171.251.411.451.50
Profit before tax 3.986.275.867.097.118.057.454.995.495.265.614.792.11
Tax % 22.11%38.28%22.87%26.09%26.72%30.43%24.30%17.23%27.87%21.86%24.78%25.89%28.91%
Net Profit 3.103.874.515.245.215.615.634.123.964.124.223.551.50
EPS in Rs 0.340.420.490.570.570.610.610.450.430.450.460.390.16

Last Updated: March 3, 2026, 9:10 am

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

  • For Sales, as of Dec 2025, the value is 64.79 Cr.. The value appears to be declining and may need further review. It has decreased from 65.13 Cr. (Sep 2025) to 64.79 Cr., marking a decrease of 0.34 Cr..
  • For Expenses, as of Dec 2025, the value is 60.98 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 58.73 Cr. (Sep 2025) to 60.98 Cr., marking an increase of 2.25 Cr..
  • For Operating Profit, as of Dec 2025, the value is 3.81 Cr.. The value appears to be declining and may need further review. It has decreased from 6.40 Cr. (Sep 2025) to 3.81 Cr., marking a decrease of 2.59 Cr..
  • For OPM %, as of Dec 2025, the value is 5.88%. The value appears to be declining and may need further review. It has decreased from 9.83% (Sep 2025) to 5.88%, marking a decrease of 3.95%.
  • For Other Income, as of Dec 2025, the value is 0.44 Cr.. The value appears to be declining and may need further review. It has decreased from 0.47 Cr. (Sep 2025) to 0.44 Cr., marking a decrease of 0.03 Cr..
  • For Interest, as of Dec 2025, the value is 0.64 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.63 Cr. (Sep 2025) to 0.64 Cr., marking an increase of 0.01 Cr..
  • For Depreciation, as of Dec 2025, the value is 1.50 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1.45 Cr. (Sep 2025) to 1.50 Cr., marking an increase of 0.05 Cr..
  • For Profit before tax, as of Dec 2025, the value is 2.11 Cr.. The value appears to be declining and may need further review. It has decreased from 4.79 Cr. (Sep 2025) to 2.11 Cr., marking a decrease of 2.68 Cr..
  • For Tax %, as of Dec 2025, the value is 28.91%. The value appears to be increasing, which may not be favorable. It has increased from 25.89% (Sep 2025) to 28.91%, marking an increase of 3.02%.
  • For Net Profit, as of Dec 2025, the value is 1.50 Cr.. The value appears to be declining and may need further review. It has decreased from 3.55 Cr. (Sep 2025) to 1.50 Cr., marking a decrease of 2.05 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 0.16. The value appears to be declining and may need further review. It has decreased from 0.39 (Sep 2025) to 0.16, marking a decrease of 0.23.

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: February 27, 2026, 7:20 am

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 85118165233236251262
Expenses 80106153214205226240
Operating Profit 4121119312622
OPM % 5%10%7%8%13%10%9%
Other Income -5632443
Interest 3332222
Depreciation 2233456
Profit before tax -513815282318
Tax % -13%24%26%28%27%23%
Net Profit -510611211813
EPS in Rs -0.731.550.651.182.241.941.46
Dividend Payout % 0%0%0%0%13%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)300.00%-40.00%83.33%90.91%-14.29%
Change in YoY Net Profit Growth (%)0.00%-340.00%123.33%7.58%-105.19%

HP Adhesives Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:03 am

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131818181818
Reserves -11-0119130151166170
Borrowings 3643199382
Other Liabilities 19354028263641
Total Liabilities 5790195185198228232
Fixed Assets 11192639527371
CWIP 1718171645
Investments 0000182535
Other Assets 4564152129111126120
Total Assets 5790195185198228232

Below is a detailed analysis of the balance sheet data for HP 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 18.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 18.00 Cr..
  • For Reserves, as of Sep 2025, the value is 170.00 Cr.. The value appears strong and on an upward trend. It has increased from 166.00 Cr. (Mar 2025) to 170.00 Cr., marking an increase of 4.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 2.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 8.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 6.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 41.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 36.00 Cr. (Mar 2025) to 41.00 Cr., marking an increase of 5.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 232.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 228.00 Cr. (Mar 2025) to 232.00 Cr., marking an increase of 4.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 71.00 Cr.. The value appears to be declining and may need further review. It has decreased from 73.00 Cr. (Mar 2025) to 71.00 Cr., marking a decrease of 2.00 Cr..
  • For CWIP, as of Sep 2025, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2025) to 5.00 Cr., marking an increase of 1.00 Cr..
  • For Investments, as of Sep 2025, the value is 35.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Mar 2025) to 35.00 Cr., marking an increase of 10.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 120.00 Cr.. The value appears to be declining and may need further review. It has decreased from 126.00 Cr. (Mar 2025) to 120.00 Cr., marking a decrease of 6.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 232.00 Cr.. The value appears strong and on an upward trend. It has increased from 228.00 Cr. (Mar 2025) to 232.00 Cr., marking an increase of 4.00 Cr..

Notably, the Reserves (170.00 Cr.) exceed the Borrowings (2.00 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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 111-10-52210
Cash from Investing Activity + -5-16-678-15-9
Cash from Financing Activity + 4586-12-62
Net Cash Flow -109-1002

Free Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-32.00-31.00-8.0010.0028.0018.00

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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 867171585661
Inventory Days 12514612497118130
Days Payable 10311695444053
Cash Conversion Cycle 107100100112134137
Working Capital Days -48-1984102106111
ROCE %34%11%12%18%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.35%71.35%71.35%71.35%71.35%71.35%71.35%71.35%71.35%71.35%71.35%71.35%
FIIs 0.01%0.10%2.81%0.71%0.25%0.08%0.10%0.03%0.16%0.04%0.02%0.01%
DIIs 0.57%2.09%3.72%3.72%3.72%3.72%3.28%2.86%2.82%1.34%0.00%0.00%
Public 28.06%26.47%22.12%24.22%24.68%24.86%25.28%25.76%25.66%27.27%28.63%28.64%
No. of Shareholders 25,15222,91226,75743,68049,90952,08156,36956,88157,83557,43057,13455,426

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 2,594,000 0.05 13.632,965,7232025-05-13 02:55:34-12.53%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 2.0010.00
Basic EPS (Rs.) 1.992.24
Diluted EPS (Rs.) 1.992.24
Cash EPS (Rs.) 2.5013.53
Book Value[Excl.RevalReserv]/Share (Rs.) 20.0691.91
Book Value[Incl.RevalReserv]/Share (Rs.) 20.0691.91
Revenue From Operations / Share (Rs.) 27.52128.38
PBDIT / Share (Rs.) 3.3318.54
PBIT / Share (Rs.) 2.8216.20
PBT / Share (Rs.) 2.5815.30
Net Profit / Share (Rs.) 1.9911.19
NP After MI And SOA / Share (Rs.) 1.9911.19
PBDIT Margin (%) 12.1014.44
PBIT Margin (%) 10.2312.62
PBT Margin (%) 9.3811.91
Net Profit Margin (%) 7.218.71
NP After MI And SOA Margin (%) 7.218.71
Return on Networth / Equity (%) 9.8912.17
Return on Capital Employeed (%) 13.8517.38
Return On Assets (%) 7.9910.40
Total Debt / Equity (X) 0.030.00
Asset Turnover Ratio (%) 1.190.00
Current Ratio (X) 3.574.63
Quick Ratio (X) 2.202.83
Inventory Turnover Ratio (X) 4.850.00
Dividend Payout Ratio (NP) (%) 15.100.00
Dividend Payout Ratio (CP) (%) 12.000.00
Earning Retention Ratio (%) 84.900.00
Cash Earning Retention Ratio (%) 88.000.00
Interest Coverage Ratio (X) 14.2218.12
Interest Coverage Ratio (Post Tax) (X) 9.4811.82
Enterprise Value (Cr.) 443.24167.00
EV / Net Operating Revenue (X) 1.750.70
EV / EBITDA (X) 14.494.90
MarketCap / Net Operating Revenue (X) 1.750.74
Retention Ratios (%) 84.890.00
Price / BV (X) 2.401.04
Price / Net Operating Revenue (X) 1.750.74
EarningsYield 0.040.11

After reviewing the key financial ratios for HP 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 2.00. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 2.00, marking a decrease of 8.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 1.99. This value is below the healthy minimum of 5. It has decreased from 2.24 (Mar 24) to 1.99, marking a decrease of 0.25.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 1.99. This value is below the healthy minimum of 5. It has decreased from 2.24 (Mar 24) to 1.99, marking a decrease of 0.25.
  • For Cash EPS (Rs.), as of Mar 25, the value is 2.50. This value is below the healthy minimum of 3. It has decreased from 13.53 (Mar 24) to 2.50, marking a decrease of 11.03.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 20.06. It has decreased from 91.91 (Mar 24) to 20.06, marking a decrease of 71.85.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 20.06. It has decreased from 91.91 (Mar 24) to 20.06, marking a decrease of 71.85.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 27.52. It has decreased from 128.38 (Mar 24) to 27.52, marking a decrease of 100.86.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 3.33. This value is within the healthy range. It has decreased from 18.54 (Mar 24) to 3.33, marking a decrease of 15.21.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 2.82. This value is within the healthy range. It has decreased from 16.20 (Mar 24) to 2.82, marking a decrease of 13.38.
  • For PBT / Share (Rs.), as of Mar 25, the value is 2.58. This value is within the healthy range. It has decreased from 15.30 (Mar 24) to 2.58, marking a decrease of 12.72.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 1.99. This value is below the healthy minimum of 2. It has decreased from 11.19 (Mar 24) to 1.99, marking a decrease of 9.20.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.99. This value is below the healthy minimum of 2. It has decreased from 11.19 (Mar 24) to 1.99, marking a decrease of 9.20.
  • For PBDIT Margin (%), as of Mar 25, the value is 12.10. This value is within the healthy range. It has decreased from 14.44 (Mar 24) to 12.10, marking a decrease of 2.34.
  • For PBIT Margin (%), as of Mar 25, the value is 10.23. This value is within the healthy range. It has decreased from 12.62 (Mar 24) to 10.23, marking a decrease of 2.39.
  • For PBT Margin (%), as of Mar 25, the value is 9.38. This value is below the healthy minimum of 10. It has decreased from 11.91 (Mar 24) to 9.38, marking a decrease of 2.53.
  • For Net Profit Margin (%), as of Mar 25, the value is 7.21. This value is within the healthy range. It has decreased from 8.71 (Mar 24) to 7.21, marking a decrease of 1.50.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 7.21. This value is below the healthy minimum of 8. It has decreased from 8.71 (Mar 24) to 7.21, marking a decrease of 1.50.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 9.89. This value is below the healthy minimum of 15. It has decreased from 12.17 (Mar 24) to 9.89, marking a decrease of 2.28.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 13.85. This value is within the healthy range. It has decreased from 17.38 (Mar 24) to 13.85, marking a decrease of 3.53.
  • For Return On Assets (%), as of Mar 25, the value is 7.99. This value is within the healthy range. It has decreased from 10.40 (Mar 24) to 7.99, marking a decrease of 2.41.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.03. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 0.03, marking an increase of 0.03.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.19. It has increased from 0.00 (Mar 24) to 1.19, marking an increase of 1.19.
  • For Current Ratio (X), as of Mar 25, the value is 3.57. This value exceeds the healthy maximum of 3. It has decreased from 4.63 (Mar 24) to 3.57, marking a decrease of 1.06.
  • For Quick Ratio (X), as of Mar 25, the value is 2.20. This value exceeds the healthy maximum of 2. It has decreased from 2.83 (Mar 24) to 2.20, marking a decrease of 0.63.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.85. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 4.85, marking an increase of 4.85.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 15.10. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 24) to 15.10, marking an increase of 15.10.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 12.00. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 24) to 12.00, marking an increase of 12.00.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 84.90. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 84.90, marking an increase of 84.90.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.00. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 88.00, marking an increase of 88.00.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 14.22. This value is within the healthy range. It has decreased from 18.12 (Mar 24) to 14.22, marking a decrease of 3.90.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 9.48. This value is within the healthy range. It has decreased from 11.82 (Mar 24) to 9.48, marking a decrease of 2.34.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 443.24. It has increased from 167.00 (Mar 24) to 443.24, marking an increase of 276.24.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.75. This value is within the healthy range. It has increased from 0.70 (Mar 24) to 1.75, marking an increase of 1.05.
  • For EV / EBITDA (X), as of Mar 25, the value is 14.49. This value is within the healthy range. It has increased from 4.90 (Mar 24) to 14.49, marking an increase of 9.59.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.75. This value is within the healthy range. It has increased from 0.74 (Mar 24) to 1.75, marking an increase of 1.01.
  • For Retention Ratios (%), as of Mar 25, the value is 84.89. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 84.89, marking an increase of 84.89.
  • For Price / BV (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has increased from 1.04 (Mar 24) to 2.40, marking an increase of 1.36.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.75. This value is within the healthy range. It has increased from 0.74 (Mar 24) to 1.75, marking an increase of 1.01.
  • For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 24) to 0.04, marking a decrease of 0.07.

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 HP Adhesives Ltd as of March 9, 2026 is: ₹37.79

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 March 9, 2026, HP Adhesives Ltd is Undervalued by 7.66% compared to the current share price ₹35.10

Intrinsic Value of HP Adhesives Ltd as of March 9, 2026 is: ₹44.43

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 March 9, 2026, HP Adhesives Ltd is Undervalued by 26.58% compared to the current share price ₹35.10

Last 5 Year EPS CAGR: 17.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (103.57 cr) compared to borrowings (17.14 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (192.86 cr) and profit (14.29 cr) over the years.
  1. The stock has a low average ROCE of 14.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 56.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 115.00, which may not be favorable.

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 HP Adhesives Ltd:
    1. Net Profit Margin: 7.21%
      • 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: 13.85% (Industry Average ROCE: 12.99%)
      • 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%: 9.89% (Industry Average ROE: 25.41%)
      • 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): 9.48
      • 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: 2.2
      • 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: 23.2 (Industry average Stock P/E: 78.65)
      • 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: 0.03
      • 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

HP Adhesives Ltd. is a Public Limited Listed company incorporated on 07/05/2019 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24304MH2019PLC325019 and registration number is 325019. Currently company belongs to the Industry of Chemicals - Speciality. Company's Total Operating Revenue is Rs. 251.25 Cr. and Equity Capital is Rs. 18.37 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others11, Unique House, Chakala Cross Road, Mumbai Maharashtra 400099Contact not found
Management
NamePosition Held
Mrs. Anjana Haresh MotwaniChairperson & Executive Director
Mr. Karan Haresh MotwaniManaging Director
Ms. Nidhi Haresh MotwaniExecutive Director
Mr. Ajeet Anant WalavalkarIndependent Director
Mr. Surendra Kumar MehtaIndependent Director
Mr. Rajendra Kumar JainIndependent Director

FAQ

What is the intrinsic value of HP Adhesives Ltd?

HP Adhesives Ltd's intrinsic value (as of 09 March 2026) is ₹44.43 which is 26.58% higher the current market price of ₹35.10, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹322 Cr. market cap, FY2025-2026 high/low of ₹57.6/34.0, reserves of ₹170 Cr, and liabilities of ₹232 Cr.

What is the Market Cap of HP Adhesives Ltd?

The Market Cap of HP Adhesives Ltd is 322 Cr..

What is the current Stock Price of HP Adhesives Ltd as on 09 March 2026?

The current stock price of HP Adhesives Ltd as on 09 March 2026 is ₹35.1.

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

In FY 2025-2026, the High / Low of HP Adhesives Ltd stocks is ₹57.6/34.0.

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

The Stock P/E of HP Adhesives Ltd is 23.2.

What is the Book Value of HP Adhesives Ltd?

The Book Value of HP Adhesives Ltd is 20.5.

What is the Dividend Yield of HP Adhesives Ltd?

The Dividend Yield of HP Adhesives Ltd is 1.14 %.

What is the ROCE of HP Adhesives Ltd?

The ROCE of HP Adhesives Ltd is 13.6 %.

What is the ROE of HP Adhesives Ltd?

The ROE of HP Adhesives Ltd is 9.82 %.

What is the Face Value of HP Adhesives Ltd?

The Face Value of HP Adhesives Ltd is 2.00.

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 HP 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
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