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SPEB Adhesives Limited manufactures synthetic rubber-based adhesives—primarily solvent-based polychloroprene and SBS formulations—serving B2B customers across hardware, foam & furnishing, woodworking, ducting/insulation, footwear, and genset segments with the SPEB-7 brand and 100+ SKUs.
The company is transitioning from outsourcing to in-house water-based adhesive manufacturing through a new Khalapur plant, expanding combined capacity from 3,600 to 8,550 TPA (137% growth) and capturing higher-margin, eco-conscious product demand while improving backward integration and control over quality and costs.
Financial momentum is evident: revenue climbed from ₹27.9 crore in FY22 to ₹44.78 crore in FY25, EBITDA margin expanded to 17.9% in FY25, and management projects 30–35% CAGR and 20% EBITDA margin by FY29E, supported by a debt-free balance sheet after a ₹33.73 crore SME IPO raise.
Revenue concentration is notable: ~69% of sales come from Maharashtra and ~81.7% via dealer-distributor channels, with industry mix skewed to Hardware (47.2%) and Foam & Furnishing (42.9%), which supports sticky repeat demand but signals geographic and channel concentration risks.
Growth levers include product adjacencies (flooring, cladding, wallpaper, epoxy), strengthened export focus (GCC currently ~6.9% of revenue), and a gradual D2R rollout via existing distributor networks to pursue higher-margin B2C-oriented mixes and retail penetration.
Chemicals
Chemicals - Speciality - Medium / Small
119 Cr
Low Risk
15.8
24.4
0.5
2.3
60.00
46.55
Sales CAGR
Profit CAGR
ROE
ROCE
SPEB Adhesives Ltd (SPEB) is currently trading at N/A 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.
SPEB Adhesives Limited manufactures synthetic rubber-based adhesives—primarily solvent-based polychloroprene and SBS formulations—serving B2B customers across hardware, foam & furnishing, woodworking, ducting/insulation, footwear, and genset segments with the SPEB-7 brand and 100+ SKUs. The company is transitioning from outsourcing to in-house water-based adhesive manufacturing through a new Khalapur plant, expanding combined capacity from 3,600 to 8,550 TPA (137% growth) and capturing higher-margin, eco-conscious product demand while improving backward integration and control over quality and costs. Financial momentum is evident: revenue climbed from ₹27.9 crore in FY22 to ₹44.78 crore in FY25, EBITDA margin expanded to 17.9% in FY25, and management projects 30–35% CAGR and 20% EBITDA margin by FY29E, supported by a debt-free balance sheet after a ₹33.73 crore SME IPO raise. Revenue concentration is notable: ~69% of sales come from Maharashtra and ~81.7% via dealer-distributor channels, with industry mix skewed to Hardware (47.2%) and Foam & Furnishing (42.9%), which supports sticky repeat demand but signals geographic and channel concentration risks. Growth levers include product adjacencies (flooring, cladding, wallpaper, epoxy), strengthened export focus (GCC currently ~6.9% of revenue), and a gradual D2R rollout via existing distributor networks to pursue higher-margin B2C-oriented mixes and retail penetration.
Over the past 52 weeks, SPEB Adhesives Ltd has traded between a low of ₹0.00 and a high of ₹60.00. 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.
SPEB Adhesives Ltd has a market capitalization of approximately 118.61. 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.
SPEB Adhesives Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 15.76 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 118.61 Cr, SPEB 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.
SPEB 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 SPEB Adhesives Ltd is 15.76. 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.
Bearish
2
Neutral
9
Bullish
3
Bearish
14
Neutral
25
Bullish
7
Bearish
12
Neutral
16
Bullish
4
Discovery themes featuring this stock
Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.
Discovery themes featuring this stock
| Symbol | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
87.65 | 131 Cr | 62.61 | 1.75 | 1.13 | 2.45 | 5.21 | 1.68 | |
71.30 | 130 Cr | 7.63 | 1.00 | 0.00 | 17.97 | 18.21 | 11.54 | |
52.80 | 119 Cr | 15.76 | 2.26 | 0.00 | 23.24 | 32.07 | 0.00 | |
43.35 | 109 Cr | 25.65 | 1.19 | 0.00 | 3.33 | 4.47 | 1.60 | |
93.70 | 108 Cr | 12.23 | 1.73 | 1.07 | 11.28 | 15.62 | 10.91 | |
136.70 | 105 Cr | -64.88 | 2.17 | 0.00 | 1.11 | 8.59 | 0.55 | |
99.85 | 104 Cr | 18.19 | 2.89 | 0.00 | 32.00 | 30.57 | 0.00 |
Investor Presentation
Q3 FY26
Investor Presentation
Q3 FY26
