Hindustan Adhesives Ltd.

NSE: HINDADH · Plastic Products - Industrial · sector

₹384.00NSE close 2026-10-26

Key numbers

Market cap₹197 cr

Price₹384.00

52w high / low₹403 / ₹336

P/E8.2xSector median 15.7x

P/B1.8xSector median 1.6x

Book value₹212.6

Dividend yield–Sector median 0.53%

ROE21.8%Sector median 9.1%

ROCE18.1%Sector median 11.5%

OPM17.6%Sector median 10.0%

Debt / equity0.94xSector median 0.16x

EV/EBITDA6.3xSector median 10.0x

Interest cover4.5x

Current ratio0.87x

Sales growth 3y-7.4%Sector median +6.0%

Profit growth 3y+45.2%Sector median +18.9%

PEG0.16x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Plastic Products - Industrial (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹102 cr (FY26): borrowings are higher by ₹100 cr.
Operating profit covered interest 4.5x in the last 12 months.
Other income was 20% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹384.00 on 2026-10-26: -4.6% from the 52-week high, +14.4% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹446.85 · low ₹253.75

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	64	66	65	67	58	80
EBITDA	10	9	10	10	5	21
OPM %	16.2%	13.0%	16.0%	15.5%	9.1%	26.8%
Other income	1	1	1	1	2	0
Net profit	3	4	6	5	1	11
EPS (₹)	6.41	7.33	11.15	8.81	5.94	20.78
Revenue YoY					-9.6%	+20.3%
Profit YoY					-71.8%	+183.7%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	449	322	304	285	256	269
EBITDA	33	20	33	34	35	47
Net profit	13	5	16	15	15	22
EPS (₹)	24.45	9.51	32.05	30.02	33.22	46.68
Revenue growth		-28.4%	-5.4%	-6.4%	-10.3%	–
Profit growth		-61.1%	+237.0%	-6.2%	-3.2%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-7.4%	–	–
Net profit	+45.2%	–	–
EPS	+51.7%	–	–
Share price	–	– (2y)	–

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	91	109
Borrowings	106	102
Cash & equivalents	6	2
Total assets	259	288
Fixed assets	71	114
Capital work in progress	59	44
Investments	3	6
Receivables	27	31
Inventory	66	64
Payables	39	36

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	18	31
Cash from investing	-49	-19
Cash from financing	35	-11
Capex	62	21
Free cash flow	-44	10

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	16.9%	13.7%
ROCE %	14.0%	13.0%
Debtor days	35	44
Inventory days	148	168
Payable days	87	95
Cash conversion cycle (days)	96	117
Working capital days	1	-25

Peers in Plastic Products - Industrial

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
SUPREMEIND	₹41,291 cr	40.0x	6.7x	17.4%	19.6%	14.4%	+6.8%	1.07%
ASTRAL	₹36,288 cr	63.0x	8.9x	15.0%	20.0%	16.0%	+8.4%	0.28%
GRWRHITECH	₹16,208 cr	38.0x	5.6x	15.7%	19.8%	22.9%	+13.8%	0.17%
KINGFA	₹8,901 cr	39.4x	6.4x	21.2%	21.9%	14.2%	+12.4%	0.00%
FINPIPE	₹8,775 cr	14.2x	1.4x	10.0%	12.1%	17.5%	-2.2%	2.53%
TIMETECHNO	₹7,839 cr	15.4x	1.9x	14.0%	15.7%	14.3%	+12.5%	0.75%
PRINCEPIPE	₹2,805 cr	27.5x	1.7x	6.3%	8.1%	10.2%	-1.4%	0.20%
JISLJALEQS	₹1,701 cr	56.5x	0.3x	-0.9%	4.5%	11.2%	+3.6%	–
JAICORPLTD	₹1,545 cr	16.5x	1.0x	6.4%	8.2%	12.7%	-4.7%	6.25%
HINDADH	₹197 cr	8.2x	1.8x	21.8%	18.1%	17.6%	-7.4%	–

All 51 companies in Plastic Products - Industrial →

Dividends & corporate actions

Ex-date	Action	Detail
2016-11-21	Dividend	Interim Dividend Rs 1.0
2001-09-12	Dividend	Dividend

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Plastic Products - Industrial
Sub-industry	Plastic Products - Industrial
Symbol	HINDADH
BSE code	514428
ISIN	INE074C01013
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.