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Consolidated Standalone

Hindustan Adhesives

₹378.3 -9.7 | 2.5%

Market Cap ₹194 Cr.

Stock P/E 14.2

P/B 2.7

Current Price ₹378.3

Book Value ₹ 141.5

Face Value 10

52W High ₹538.8

Dividend Yield 0%

52W Low ₹ 172

Edit Ratio

Hindustan Adhesives Research see more...

Overview Inc. Year: 1988Industry: Plastic Products

Hindustan Adhesives Limited. is a leading manufacturer and exporter of bi-axially oriented polypropylene self-adhesive tapes and polyolefin shrink films in India. The company was incorporated in 1988 by Shri L K Bagla and M.S Bagla, and obtained the certificate of commencement of business in the same year. Hindustan Adhesives Limited. has its manufacturing facility in Ghaziabad, Uttar Pradesh, with a total installed capacity of 52 million sq. mtrs. per annum. Hindustan Adhesives Limited. markets its products under the brand names Mystic, Stic Me, and Boss Tech, and caters to various industries such as packaging, printing, stationery, electrical, electronics, and automotive. Hindustan Adhesives Limited. also exports their flagship products to countries, such as the USA, UK, Germany, France, Italy, Spain, Australia, UAE, Saudi Arabia, and many more. Hindustan Adhesives Limited. has a strong and loyal customer base, such as Jindal group, SIEL, Dabur, Parasrampuria, and many more.

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Hindustan Adhesives Share Price

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Peer Comparison

Hindustan Adhesives Quarterly Results

#(Fig in Cr.) Jun 2015 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 17 126 118 73 76 54 81 81 70
Other Income 0 -0 2 1 0 1 1 1 1
Total Income 17 126 120 74 76 55 82 82 71
Total Expenditure 15 116 111 67 73 51 74 73 61
Operating Profit 2 9 9 7 4 4 8 9 10
Interest 1 3 2 2 2 1 1 1 1
Depreciation 1 3 3 3 3 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 4 4 2 -1 1 5 6 7
Provision for Tax 0 1 1 1 -0 -0 1 2 3
Profit After Tax 0 3 3 2 -1 1 4 4 5
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 3 3 2 -1 1 4 4 5
Adjusted Earnings Per Share 0.2 5.1 6 3.6 -2.1 2 8.3 7.6 8.9

Hindustan Adhesives Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2023 TTM
Net Sales 71 76 322 286
Other Income 0 1 3 4
Total Income 71 77 325 290
Total Expenditure 61 65 301 259
Operating Profit 10 12 24 31
Interest 3 3 7 4
Depreciation 3 4 11 8
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 3 5 6 19
Provision for Tax 1 0 1 6
Profit After Tax 2 5 5 14
Adjustments 0 0 0 0
Profit After Adjustments 2 5 5 14
Adjusted Earnings Per Share 3.4 9.3 9.5 26.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 324% 0% 0% 0%
Operating Profit CAGR 100% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 78% 44% 40% 48%
ROE Average 12% 14% 14% 14%
ROCE Average 15% 17% 17% 17%

Hindustan Adhesives Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2023
Shareholder's Funds 19 24 60
Minority's Interest 0 0 0
Borrowings 4 3 19
Other Non-Current Liabilities 3 2 5
Total Current Liabilities 28 29 86
Total Liabilities 54 59 170
Fixed Assets 23 23 77
Other Non-Current Assets 3 6 7
Total Current Assets 28 30 86
Total Assets 54 59 170

Hindustan Adhesives Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2023
Opening Cash & Cash Equivalents 2 2 3
Cash Flow from Operating Activities 8 8 27
Cash Flow from Investing Activities -3 -5 -10
Cash Flow from Financing Activities -5 -3 -20
Net Cash Inflow / Outflow 0 -1 -2
Closing Cash & Cash Equivalent 2 1 1

Hindustan Adhesives Ratios

# Mar 2016 Mar 2017 Mar 2023
Earnings Per Share (Rs) 3.43 9.33 9.5
CEPS(Rs) 9.96 16.39 30.97
DPS(Rs) 0 1 0
Book NAV/Share(Rs) 37.97 46.9 116.73
Core EBITDA Margin(%) 12.29 13.38 6.26
EBIT Margin(%) 8.13 9.7 3.93
Pre Tax Margin(%) 3.71 6.21 1.81
PAT Margin (%) 2.26 5.68 1.51
Cash Profit Margin (%) 6.54 9.97 4.93
ROA(%) 3.25 8.42 4.24
ROE(%) 9.04 21.99 11.61
ROCE(%) 15.71 19.11 14.75
Receivable days 54.59 56.07 22.76
Inventory Days 58.63 53.86 36.06
Payable days 73.14 78.2 28.44
PER(x) 11.01 6.35 20.59
Price/Book(x) 1 1.26 1.68
Dividend Yield(%) 0 1.69 0
EV/Net Sales(x) 0.55 0.66 0.51
EV/Core EBITDA(x) 3.98 4.28 7
Net Sales Growth(%) 0 7.99 321.94
EBIT Growth(%) 0 28.82 54.83
PAT Growth(%) 0 171.71 1.82
EPS Growth(%) 0 171.71 1.82
Debt/Equity(x) 1.07 0.88 1.11
Current Ratio(x) 1.02 1.03 1
Quick Ratio(x) 0.57 0.61 0.41
Interest Cover(x) 1.84 2.78 1.86
Total Debt/Mcap(x) 1.08 0.69 0.66

Hindustan Adhesives Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.48 68.54
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 78.2 to 28.44days.

Cons

  • Company has a low return on equity of 14% over the last 3 years.

* 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.

Hindustan Adhesives News

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