Nikhil Adhesives Ltd.
BSE: NIKHILAD · Specialty Chemicals · sector
₹65.41BSE close 2026-10-26
Key numbers
Market cap₹301 cr
Price₹65.41
52w high / low₹122 / ₹57
P/E14.1xSector median 22.6x
P/B2.1xSector median 2.6x
Book value₹31.7
Dividend yield0.34%Sector median 0.60%
ROE15.5%Sector median 10.6%
ROCE16.4%Sector median 12.9%
OPM6.4%Sector median 12.1%
Debt / equity0.45xSector median 0.18x
EV/EBITDA9.2xSector median 15.1x
Interest cover5.7x
Current ratio1.44x
Sales growth 3y-9.4%Sector median +5.0%
Profit growth 3y+0.6%Sector median +0.9%
PEG22.51x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹66 cr (FY26): borrowings are higher by ₹63 cr.
- Operating profit covered interest 5.7x in the last 12 months.
- Other income was 11% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹65.41 on 2026-10-26: -46.4% from the 52-week high, +15.2% 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 ₹138.60 · low ₹61.97
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 142 | 123 | 131 | 133 | 166 | 189 |
| EBITDA | 9 | 8 | 8 | 7 | 11 | 13 |
| OPM % | 6.7% | 6.8% | 6.3% | 5.5% | 6.8% | 6.8% |
| Other income | 0 | 0 | 1 | 1 | 0 | 0 |
| Net profit | 4 | 4 | 4 | 4 | 6 | 7 |
| EPS (₹) | 0.92 | 0.78 | 0.93 | 0.76 | 1.37 | 1.59 |
| Revenue YoY | +17.3% | +52.7% | ||||
| Profit YoY | +48.8% | +105.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 814 | 743 | 564 | 585 | 554 | 619 |
| EBITDA | 43 | 35 | 31 | 37 | 35 | 40 |
| Net profit | 25 | 17 | 13 | 17 | 17 | 21 |
| EPS (₹) | 54.99 | 3.71 | 2.88 | 3.67 | 3.78 | 4.65 |
| Revenue growth | -8.6% | -24.1% | +3.6% | -5.3% | – | |
| Profit growth | -32.5% | -22.2% | +27.2% | +3.0% | – | |
| Dividend / share (₹) | – | 2.00 | 0.20 | 0.20 | 0.22 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -9.4% | – | – |
| Net profit | +0.6% | – | – |
| EPS | +0.6% | – | – |
| Share price | – | -25.2% (2y) | -42.2% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 130 | 146 |
| Borrowings | 56 | 66 |
| Cash & equivalents | 6 | 3 |
| Total assets | 323 | 334 |
| Fixed assets | 91 | 91 |
| Capital work in progress | 1 | 1 |
| Investments | 0 | 0 |
| Receivables | 113 | 159 |
| Inventory | 88 | 54 |
| Payables | 88 | 69 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 7 | 0 |
| Cash from investing | -10 | -3 |
| Cash from financing | -3 | 1 |
| Capex | 11 | 4 |
| Free cash flow | -4 | -4 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 13.0% | 11.9% |
| ROCE % | 16.4% | 14.1% |
| Debtor days | 71 | 105 |
| Inventory days | 70 | 48 |
| Payable days | 69 | 61 |
| Cash conversion cycle (days) | 72 | 92 |
| Working capital days | 43 | 48 |
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| NIKHILAD | ₹301 cr | 14.1x | 2.1x | 15.5% | 16.4% | 6.4% | -9.4% | 0.34% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-15 | Dividend | Final Dividend Rs 0.22 |
| 2025-09-16 | Dividend | Final Dividend Rs 0.22 |
| 2024-09-19 | Dividend | Final Dividend Rs 0.2 |
| 2023-09-14 | Dividend | Final Dividend Rs 0.2 |
| 2022-09-02 | Dividend | Final Dividend Rs 2.0 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | NIKHILAD |
| BSE code | 526159 |
| ISIN | INE926C01022 |
| Face value | ₹1.0 |
| 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 = BSE close 2026-10-26.