Overview

Detailed Summary

HP Adhesives Limited specializes in the manufacturing and distribution of adhesive and sealant solutions, catering to various industry and consumer needs.
The company recently expanded its manufacturing capabilities, commissioning new silicone sealant manufacturing lines at its New Unit II facility in 2023.
Originally established as a partnership firm in 1987, HP Adhesives has seen multiple transformations, ultimately becoming a public limited company in 2021.
HP Adhesives raised significant capital through its December 2021 IPO, focusing on expanding production capacity and diversifying its product offerings.
Their flagship products include solvent cements for plastic pipes, with state-of-the-art production facilities located in Raigad, Maharashtra.

Sector: Chemicals
Industry: Chemicals - Speciality - Medium / Small
Market Cap: 324 Cr
Volatility: Moderate Risk
P/E Ratio: 17.8
Industry P/E: 25.5
PEG Ratio: 0.4
P/B Ratio: 1.7
52W High: 57.50
52W Low: 34.00

Sales CAGR

1Y: 7.19%
3Y: 15.14%
5Y: 24.35%
10Y: —

Profit CAGR

1Y: -11.33%
3Y: 43.75%
5Y: —
10Y: —

ROE

TTM: 8.59%
3Y: 9.83%
5Y: 10.03%
10Y: —

ROCE

TTM: 12.63%
3Y: 14.19%
5Y: 14.64%
10Y: —

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
KRONOX	118.80	432 Cr	16.90	4.26	0.43	25.44	33.46	22.96
CHEMBONDCH	149.00	401 Cr	12.91	2.17	0.84	17.47	24.26	14.59
MULTIBASE	187.20	358 Cr	18.89	7.51	1.06	—	—	0.00
HPAL	35.26	324 Cr	17.81	1.72	1.13	8.59	12.63	5.86
BCCL	180.50	255 Cr	60.37	2.78	0.00	4.63	7.48	3.21
DIAMINESQ	230.00	226 Cr	-24.76	1.47	0.43	-3.21	-2.46	-4.96
KKALPANAIND	7.28	209 Cr	364.00	5.97	0.00	3.66	8.32	0.21

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	63	55	59	61	59	67	67	66	65	65
Expenses	55	47	50	53	52	60	61	60	59	61
Operating Profit	7.35	7.78	8.86	7.53	6.53	6.28	5.77	6.52	6.36	3.95
OPM %	11.74	14.21	14.93	12.44	11.08	9.42	8.63	9.86	9.78	6.04
Other Income	1.03	0.62	0.84	1.48	0.19	1.29	1.53	1.10	0.52	0.44
Interest	0.21	0.18	0.56	0.47	0.51	0.58	0.59	0.64	0.63	0.64
Depreciation	1.08	1.11	1.08	1.13	1.16	1.18	1.25	1.41	1.45	1.51
Profit Before Tax	7.09	7.11	8.06	7.41	5.05	5.81	5.45	5.57	4.80	2.24
Tax %	26.09	26.72	30.40	24.29	17.43	27.54	22.02	24.78	26.46	27.68
Net Profit	5.24	5.21	5.61	5.61	4.17	4.21	4.25	4.19	3.53	1.62
EPS in Rs	0.11	0.57	0.61	0.61	0.45	0.46	0.46	0.46	0.38	0.18

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Sales	236	253
Expenses	205	227
Operating Profit	31	26
OPM %	13.01	10.29
Other Income	3.59	4.58
Interest	1.88	2.15
Depreciation	4.29	4.72
Profit Before Tax	28	24
Tax %	26.85	23.11
Net Profit	21	18
EPS in Rs	1.79	1.98
Dividend Payout %	13.39	20.62

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	18	18
Reserves	151	166
Borrowings	3.16	7.70
Other Liabilities	26	36
Total Liabilities	198	228
Fixed Assets	52	73
CWIP	16	4.37
Investments	18	25
Other Assets	111	126
Total Assets	198	228

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	22	9.94
Cash from Investing Activity	-15	-9.11
Cash from Financing Activity	-6.10	1.52
Net Cash Flow	0.40	2.36

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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%	1.33%	0.00%	0.00%
Public	28.07%	26.46%	22.12%	24.22%	24.68%	24.86%	25.27%	25.76%	25.67%	27.28%	28.63%	28.64%
Total Shareholders	25,152	22,912	26,757	43,680	49,909	52,081	56,369	56,881	57,835	57,430	57,134	55,426

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q1 FY24

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Postal Ballot Notice

3 days ago

Postal Ballot Notice & Remote E‑Voting for Independent Director Appointment

HP Adhesives published newspaper ads announcing dispatch of postal ballot notice and remote e‑voting (2 Mar–31 Mar 2026) for a special resolution to appoint Dr. Chandra Sekhar Nettem as Non‑Executive Independent Director.

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Frequently Asked Questions about HP Adhesives Ltd

HP Adhesives Ltd (HPAL) is currently trading at 34.25 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

HP Adhesives Limited specializes in the manufacturing and distribution of adhesive and sealant solutions, catering to various industry and consumer needs. The company recently expanded its manufacturing capabilities, commissioning new silicone sealant manufacturing lines at its New Unit II facility in 2023. Originally established as a partnership firm in 1987, HP Adhesives has seen multiple transformations, ultimately becoming a public limited company in 2021. HP Adhesives raised significant capital through its December 2021 IPO, focusing on expanding production capacity and diversifying its product offerings. Their flagship products include solvent cements for plastic pipes, with state-of-the-art production facilities located in Raigad, Maharashtra.

Over the past 52 weeks, HP Adhesives Ltd has traded between a low of ₹33.60 and a high of ₹57.50. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

HP Adhesives Ltd has a market capitalization of approximately 323.86. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

HP Adhesives Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 17.81 and operates in the Chemicals sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 323.86 Cr, HP Adhesives Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

HP Adhesives Ltd operates in the Chemicals sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of HP Adhesives Ltd is 17.81. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Hp Adhesives Ltd

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