Hindustan Adhesives Ltd

Hind.Adhesive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Adhesives Ltd

₹ 439 4.18%
22 Nov - close price
bagla-group.com BSE: 514428
About

Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]

Key Points

Business Overview:[1]
HAL is a part of Bagla Group. It is an integrated producer of Carton Sealing Tapes, BOPP Adhesive Tapes with both Acrylic and Hot-Melt technology. It also
has its own adhesive making facility along with facilities for making paper cores and cartons in-house, besides multiple printing equipments, slitting and spooling facilities to make many value added import substitute products for domestic and international markets. Company also produces specialty tapes like Filament Tapes, Carry Handle Tapes, Tear Tapes, Tamper evident Tapes, etc.

Website BSE
  • Market Cap ₹ 225 Cr.
  • Current Price ₹ 439
  • High / Low ₹ 539 / 291
  • Stock P/E 14.2
  • Book Value ₹ 163
  • Dividend Yield 0.00 %
  • ROCE 20.6 %
  • ROE 24.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 47.1% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 38.6 to 48.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
103.36 135.37 126.11 118.04 73.31 75.99 54.20 81.10 81.11 70.34 71.61 64.06 84.44
97.83 125.13 116.41 110.93 66.93 72.81 50.75 73.74 72.89 60.72 63.96 58.98 74.42
Operating Profit 5.53 10.24 9.70 7.11 6.38 3.18 3.45 7.36 8.22 9.62 7.65 5.08 10.02
OPM % 5.35% 7.56% 7.69% 6.02% 8.70% 4.18% 6.37% 9.08% 10.13% 13.68% 10.68% 7.93% 11.87%
2.01 1.77 -0.24 1.89 0.54 0.38 0.68 1.03 0.82 0.82 0.33 1.12 0.87
Interest 1.87 1.74 2.86 1.85 1.59 1.98 1.38 1.42 1.35 1.18 1.31 1.19 1.48
Depreciation 2.72 2.80 2.80 2.88 2.95 2.97 2.18 2.06 2.07 2.12 2.49 2.17 2.22
Profit before tax 2.95 7.47 3.80 4.27 2.38 -1.39 0.57 4.91 5.62 7.14 4.18 2.84 7.19
Tax % 34.24% 31.86% 31.32% 27.87% 22.69% -22.30% -80.70% 13.85% 31.14% 36.27% 10.05% 25.00% 25.31%
1.94 5.09 2.61 3.08 1.84 -1.08 1.03 4.23 3.87 4.55 3.76 2.13 5.37
EPS in Rs 3.79 9.95 5.10 6.02 3.60 -2.11 2.01 8.27 7.56 8.89 7.35 4.16 10.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
76 78 76 69 74 76 140 153 214 449 321 303 290
68 69 67 59 63 68 129 141 192 416 301 271 258
Operating Profit 8 8 9 10 11 8 11 12 21 33 20 33 32
OPM % 10% 11% 12% 14% 15% 11% 8% 8% 10% 7% 6% 11% 11%
0 0 0 0 1 1 4 6 7 4 3 3 3
Interest 3 3 3 3 3 3 5 5 6 8 7 5 5
Depreciation 2 2 4 3 3 3 6 7 8 11 11 9 9
Profit before tax 2 3 3 3 5 3 4 6 14 18 6 22 21
Tax % 35% 25% 38% 35% 8% 26% 33% -15% 36% 31% 16% 25%
2 2 2 2 5 2 2 7 9 13 5 16 16
EPS in Rs 3.09 4.67 3.07 4.14 9.60 4.87 4.63 12.86 17.10 24.47 9.50 32.07 30.90
Dividend Payout % 0% 0% 0% 0% 10% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 17%
3 Years: 12%
TTM: -1%
Compounded Profit Growth
10 Years: 21%
5 Years: 47%
3 Years: 23%
TTM: 96%
Stock Price CAGR
10 Years: 30%
5 Years: 44%
3 Years: 24%
1 Year: 54%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 19%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 8 11 12 14 19 22 24 30 38 50 55 71 78
21 24 22 21 21 49 54 70 84 80 66 60 71
12 14 15 12 13 20 28 21 37 66 42 44 49
Total Liabilities 46 54 54 53 58 96 111 126 164 201 168 180 204
23 22 24 22 23 21 56 62 76 80 77 72 72
CWIP 0 0 0 0 1 32 0 11 0 0 0 0 4
Investments 0 0 0 2 2 2 1 1 1 2 3 15 17
24 32 30 29 32 42 54 52 86 120 88 93 111
Total Assets 46 54 54 53 58 96 111 126 164 201 168 180 204

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 3 10 8 7 5 11 10 6 25 27 27
-1 -2 -6 -3 -5 -31 -10 -23 -12 -15 -10 -15
-4 -0 -4 -5 -3 26 -1 12 8 -10 -20 -10
Net Cash Flow 0 1 -0 0 -1 1 1 -1 2 -0 -2 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 67 63 62 70 74 59 43 55 38 29 48
Inventory Days 65 79 99 126 120 162 88 75 68 56 86 72
Days Payable 59 76 78 72 79 122 80 41 55 47 42 47
Cash Conversion Cycle 61 69 84 115 110 114 67 77 68 47 74 72
Working Capital Days 61 74 79 87 99 107 69 75 76 41 53 56
ROCE % 17% 18% 15% 17% 19% 10% 11% 12% 17% 20% 10% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.48% 68.48% 68.48% 68.48% 68.48% 68.48% 68.48% 68.48% 68.48% 68.54% 68.55% 68.55%
31.52% 31.52% 31.52% 31.52% 31.52% 31.51% 31.52% 31.51% 31.52% 31.46% 31.46% 31.46%
No. of Shareholders 6,1946,6287,3588,5409,1689,3319,5489,7199,5987,9998,0398,079

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