Overview

Detailed Summary

Nikhil Adhesives is a pivotal player in the adhesives and specialty chemicals domain, serving a broad client base in both B2B and B2C markets globally.
The company's strategy includes significant investment in automation, which has improved their operational efficiency, thus enhancing margins by 90 basis points this fiscal year.
They have expanded their market reach aggressively by launching a series of new products and signing on numerous distributors, boosting their construction chemicals division.
Nikhil Adhesives has embarked on a major capacity expansion project with the construction of a new plant to meet increasing demand, illustrating their growth trajectory.
The commitment to R&D is significant, with plans to open a new R&D center focused on innovative product development and sustainability. Their RDP product, a 100% import substitute, signifies their technological edge.

Sector: Chemicals & Petrochemicals
Industry: Specialty Chemicals
Market Cap: 311 Cr
Volatility: Low Risk
P/E Ratio: 494.4
Industry P/E: 33.9
PEG Ratio: 23.4
P/B Ratio: 2.1
52W High: 110.70
52W Low: 56.78

Sales CAGR

1Y: 28.12%
3Y: -9.37%
5Y: 2.42%
10Y: 7.47%

Profit CAGR

1Y: -54.39%
3Y: 0.62%
5Y: 2.09%
10Y: 26.85%

ROE

TTM: 11.92%
3Y: 12.16%
5Y: 15.55%
10Y: 15.79%

ROCE

TTM: 13.89%
3Y: 17.73%

Technicals

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Forecasts

Peers

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PATELCHEM		130.00	323 Cr	25.48	3.25	0.00	12.00	14.62	8.12
NIKHILAD		67.79	311 Cr	494.37	2.14	0.32	11.92	13.89	6.32
HPAL		32.01	294 Cr	-213.11	1.60	1.25	-0.59	0.15	-0.54
RESONANCE		248.15	286 Cr	13.43	3.47	0.40	24.72	32.90	20.36
DYNPRO		226.50	282 Cr	12.55	1.10	0.00	8.79	12.09	5.00
SHAWGELTIN		434.15	263 Cr	7.54	1.81	2.30	21.68	27.60	19.47
INDGELA		355.00	252 Cr	9.36	1.23	1.69	13.14	17.02	11.73
Median: 7 Co.	—	226.50	286 Cr	12.55	1.81	0.40	12.00	14.62	8.12

Financial Statements

Upcoming Result Date: Nov 12, 2026

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total

QoQ

YoY

Total

	Jun 2010	Sep 2010	Dec 2010	Jun 2011	Sep 2011	Dec 2011	Mar 2012
Sales	29	32	34	41	42	37	47
Expenses	27	30	32	38	41	37	46
Operating Profit	2.19	2.10	2.02	2.44	1.75	-0.22	0.46
OPM %	7.59	6.62	5.93	6.00	4.14	-0.60	0.99
Other Income	0.00	0.01	0.03	0.01	0.01	0.00	0.08
Interest	0.62	0.63	0.76	0.66	0.65	0.41	0.51
Depreciation	0.27	0.28	0.28	0.29	0.29	0.29	0.29
Profit Before Tax	1.30	1.20	1.01	1.50	0.82	-0.92	-0.26
Tax %	30.77	29.17	24.75	30.00	42.68	36.96	-19.23
Net Profit	0.90	0.85	0.76	1.05	0.47	-0.58	-0.31
EPS in Rs	—	—	—	—	—	—	—

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2011	Mar 2012	Mar 2013	Mar 2014
Sales	144	182	201	260
Expenses	124	158	174	222
Operating Profit	20	23	27	38
OPM %	13.71	12.84	13.54	14.65
Other Income	0.98	-3.44	-1.68	-4.41
Interest	2.63	2.46	3.79	5.47
Depreciation	1.12	1.16	1.75	2.42
Profit Before Tax	3.76	1.15	1.48	0.37
Tax %	34.34	32.68	61.70	28.61
Net Profit	2.47	0.77	0.57	0.26
EPS in Rs	—	2.42	—	—
Dividend Payout %	18.93	40.20	55.17	0.00

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2011	Mar 2012	Mar 2013	Mar 2014
Equity Capital	3.90	3.90	3.90	3.90
Reserves	9.17	9.58	9.78	10
Borrowings	15	25	29	39
Other Liabilities	33	42	48	63
Total Liabilities	61	81	90	116
Fixed Assets	9.61	8.63	22	25
CWIP	0.15	11	2.68	0.69
Investments	0.00	0.00	0.00	0.00
Other Assets	51	61	65	91
Total Assets	61	81	90	116

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2011	Mar 2012	Mar 2013	Mar 2014
Cash from Operating Activity	9.98	2.02	8.05	-2.05
Cash from Investing Activity	-2.05	-10	-9.05	-3.41
Cash from Financing Activity	-7.24	7.67	0.86	5.08
Net Cash Flow	0.69	-0.39	-0.14	-0.38

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	54.44%	54.44%	54.44%	54.44%	54.44%	54.44%	54.44%	54.44%	54.44%	54.46%	54.46%	54.46%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.34%	0.34%	0.38%	0.38%	0.38%
Public	45.56%	45.56%	45.56%	45.56%	45.56%	45.52%	45.32%	45.19%	45.23%	45.16%	45.16%	45.16%
Total Shareholders	17,676	16,052	15,144	14,258	13,688	13,389	13,165	12,774	12,932	12,634	12,375	12,113

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Actions

Action Type

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Announcements

Last 7 days

Sentiment

Board Meeting

4 days ago

Nikhil Adhesives Board Meeting Scheduled

Nikhil Adhesives will hold a board meeting on November 13, 2026, to approve unaudited results for the quarter and half year ended September 30, 2026.

Frequently Asked Questions about Nikhil Adhesives Ltd

Nikhil Adhesives Ltd (NIKHILAD) is currently trading at 68.99 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.

Nikhil Adhesives is a pivotal player in the adhesives and specialty chemicals domain, serving a broad client base in both B2B and B2C markets globally. The company's strategy includes significant investment in automation, which has improved their operational efficiency, thus enhancing margins by 90 basis points this fiscal year. They have expanded their market reach aggressively by launching a series of new products and signing on numerous distributors, boosting their construction chemicals division. Nikhil Adhesives has embarked on a major capacity expansion project with the construction of a new plant to meet increasing demand, illustrating their growth trajectory. The commitment to R&D is significant, with plans to open a new R&D center focused on innovative product development and sustainability. Their RDP product, a 100% import substitute, signifies their technological edge.

Over the past 52 weeks, Nikhil Adhesives Ltd has traded between a low of ₹56.78 and a high of ₹110.70. 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.

Nikhil Adhesives Ltd has a market capitalization of approximately 311.45. 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.

Nikhil Adhesives Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 494.37 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 311.45 Cr, Nikhil 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.

Nikhil Adhesives Ltd operates in the its sector 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 Nikhil Adhesives Ltd is 494.37. 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.

For the March 2026 quarter, standalone net sales were ₹165.96 crore and net profit was ₹6.28 crore.

Nikhil Adhesives Ltd

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