Hindustan Adhesives Ltd
Incorporated in 1988, Hindustan Adhesive
Ltd manufactures and supplies Carton
Sealing Tapes and Adhesive Coated
products[1]
- Market Cap ₹ 169 Cr.
- Current Price ₹ 330
- High / Low ₹ 488 / 281
- Stock P/E 10.7
- Book Value ₹ 163
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 70 | 76 | 449 | 321 | 303 | 293 | |
| 61 | 65 | 416 | 301 | 271 | 261 | |
| Operating Profit | 10 | 11 | 33 | 20 | 33 | 32 |
| OPM % | 14% | 15% | 7% | 6% | 11% | 11% |
| 0 | 1 | 4 | 3 | 3 | 4 | |
| Interest | 3 | 3 | 8 | 7 | 5 | 6 |
| Depreciation | 3 | 4 | 11 | 11 | 9 | 9 |
| Profit before tax | 3 | 5 | 18 | 6 | 22 | 20 |
| Tax % | 39% | 8% | 31% | 16% | 25% | |
| 2 | 5 | 13 | 5 | 16 | 16 | |
| EPS in Rs | 3.44 | 9.32 | 24.47 | 9.50 | 32.07 | 30.98 |
| Dividend Payout % | 0% | 11% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 40% |
| 3 Years: | -15% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 14 | 19 | 50 | 55 | 71 | 78 |
| 21 | 21 | 80 | 66 | 69 | 87 | |
| 13 | 13 | 66 | 42 | 44 | 51 | |
| Total Liabilities | 53 | 58 | 201 | 168 | 189 | 222 |
| 23 | 23 | 80 | 77 | 73 | 72 | |
| CWIP | 0 | 1 | 0 | 0 | 6 | 29 |
| Investments | 2 | 2 | 5 | 3 | 2 | 2 |
| 29 | 32 | 116 | 88 | 107 | 118 | |
| Total Assets | 53 | 58 | 201 | 168 | 189 | 222 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 8 | 8 | 25 | 27 | 13 | |
| -3 | -5 | -15 | -10 | -9 | |
| -5 | -3 | -10 | -20 | -2 | |
| Net Cash Flow | 0 | -1 | -0 | -2 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 60 | 68 | 38 | 29 | 48 |
| Inventory Days | 126 | 120 | 56 | 86 | 72 |
| Days Payable | 73 | 86 | 47 | 42 | 48 |
| Cash Conversion Cycle | 113 | 102 | 47 | 74 | 72 |
| Working Capital Days | 84 | 84 | 41 | 53 | 56 |
| ROCE % | 19% | 10% | 20% |
Documents
Announcements
-
Submission Of Certificate From Practicing Company Secretary Under Regulation 40(9) & 40(10) Of SEBI (LODR), 2015, For The Year Ended 31St March, 2025
15 Apr - Submission of annual share transfer compliance certificate under SEBI regulations.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Certificate of dematerialization and cancellation of securities for March 2025 quarter.
- Closure of Trading Window 27 Mar
-
Announcement under Regulation 30 (LODR)-Acquisition
10 Mar - Hindustan Adhesives acquires 51% stake in PT. Bagla Group Indonesia.
-
Integrated Filing (Financial)
21 Feb - Integrated financial filing for Q3 and nine months ended Dec 2024.
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.