WEBSITE BSE:526159 NSE: NIKHIL ADHSV Inc. Year: 1986 Industry: Chemicals My Bucket: Add Stock
Last updated: 11:26
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Nikhil Adhesives Ltd is an India-based multi-product corporation production, selling and exporting numerous sorts of polymer emulsions which are used for numerous applications. The Company gives polymeric emulsions adhesives, plasticizers and solvent-based adhesives. It's segments include Trading in Chemicals and Manufacturing of Adhesives & Emulsions. The Company operates under two commercial enterprise segments: Branded Consumer Products and Industrial Products. It offers timber adhesives, construction chemical substances and others under Bra...Read More
Nikhil Adhesives Ltd is an India-based multi-product corporation production, selling and exporting numerous sorts of polymer emulsions which are used for numerous applications. The Company gives polymeric emulsions adhesives, plasticizers and solvent-based adhesives. It's segments include Trading in Chemicals and Manufacturing of Adhesives & Emulsions. The Company operates under two commercial enterprise segments: Branded Consumer Products and Industrial Products. It offers timber adhesives, construction chemical substances and others under Branded Consumer Products phase, that are utilized by carpenters, printers, plumbers, mechanics, households, students and places of work, among others. It gives commercial adhesives and synthetic resins, among others underneath Industrial Products phase, which caters to numerous industries, inclusive of packaging, textiles, paints and leather-based. It has three production gadgets placed at Dahanu (Maharashtra), Silvassa (Dadra Nagar Haveli) and Dahej (Gujarat). ...Read Less
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Market Cap ₹422 Cr.
Stock P/E 25
P/B 3
Current Price ₹91.8
Book Value ₹ 30.4
Face Value 1
52W High ₹129
Dividend Yield 0.24%
52W Low ₹ 56.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 144 | 130 | 148 | 161 | 148 | 134 | 142 | 123 | 131 | 133 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Total Income | 144 | 130 | 148 | 161 | 148 | 134 | 142 | 124 | 132 | 134 |
| Total Expenditure | 136 | 123 | 139 | 151 | 139 | 126 | 132 | 115 | 123 | 125 |
| Operating Profit | 8 | 8 | 9 | 10 | 9 | 9 | 10 | 8 | 9 | 8 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit Before Tax | 5 | 4 | 5 | 7 | 5 | 5 | 6 | 5 | 6 | 5 |
| Provision for Tax | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 1 |
| Profit After Tax | 3 | 3 | 4 | 5 | 4 | 3 | 4 | 4 | 3 | 4 |
| Adjustments | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 3 | 3 | 4 | 5 | 4 | 3 | 4 | 4 | 3 | 4 |
| Adjusted Earnings Per Share | 0.8 | 0.6 | 0.8 | 1.1 | 0.9 | 0.8 | 0.9 | 0.8 | 0.7 | 0.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 254 | 270 | 260 | 330 | 446 | 422 | 491 | 814 | 743 | 564 | 585 | 529 |
| Other Income | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 2 |
| Total Income | 255 | 271 | 260 | 331 | 447 | 423 | 491 | 814 | 744 | 565 | 585 | 532 |
| Total Expenditure | 246 | 259 | 248 | 317 | 430 | 403 | 460 | 770 | 709 | 533 | 548 | 495 |
| Operating Profit | 9 | 12 | 12 | 14 | 18 | 20 | 31 | 44 | 35 | 31 | 38 | 35 |
| Interest | 6 | 8 | 7 | 7 | 8 | 8 | 7 | 6 | 6 | 7 | 8 | 8 |
| Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 2 | 3 | 4 | 7 | 9 | 21 | 34 | 24 | 18 | 22 | 22 |
| Provision for Tax | 0 | 0 | 1 | 1 | 2 | 2 | 6 | 9 | 7 | 5 | 6 | 7 |
| Profit After Tax | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | 17 | 15 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 2 | 2 | 3 | 5 | 7 | 16 | 25 | 17 | 13 | 17 | 15 |
| Adjusted Earnings Per Share | 0.1 | 0.4 | 0.5 | 0.6 | 1.1 | 1.5 | 3.4 | 5.5 | 3.7 | 2.9 | 3.7 | 3.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | -10% | 7% | 9% |
| Operating Profit CAGR | 23% | -5% | 14% | 15% |
| PAT CAGR | 31% | -12% | 19% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 4% | -13% | 15% | 36% |
| ROE Average | 14% | 15% | 22% | 16% |
| ROCE Average | 17% | 19% | 26% | 22% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 14 | 16 | 18 | 35 | 40 | 46 | 61 | 85 | 102 | 114 | 130 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 17 | 16 | 26 | 14 | 15 | 16 | 20 | 18 | 16 | 25 | 25 |
| Other Non-Current Liabilities | 2 | 3 | 2 | 3 | 4 | 6 | 6 | 6 | 10 | 11 | 12 |
| Total Current Liabilities | 77 | 84 | 84 | 105 | 128 | 124 | 204 | 206 | 168 | 145 | 156 |
| Total Liabilities | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 323 |
| Fixed Assets | 25 | 24 | 23 | 30 | 37 | 44 | 54 | 64 | 76 | 94 | 96 |
| Other Non-Current Assets | 3 | 3 | 4 | 2 | 3 | 7 | 1 | 2 | 7 | 2 | 2 |
| Total Current Assets | 84 | 92 | 104 | 125 | 147 | 139 | 235 | 249 | 212 | 200 | 225 |
| Total Assets | 112 | 119 | 130 | 157 | 186 | 191 | 291 | 316 | 295 | 295 | 323 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 11 |
| Cash Flow from Operating Activities | 16 | 13 | -4 | 11 | 16 | 21 | 23 | 25 | 21 | 14 | 7 |
| Cash Flow from Investing Activities | -0 | -2 | -1 | -6 | -10 | -12 | -7 | -15 | -19 | -17 | -10 |
| Cash Flow from Financing Activities | -15 | -9 | 4 | -5 | -7 | -9 | -15 | -6 | -3 | 10 | -3 |
| Net Cash Inflow / Outflow | 0 | 1 | -0 | -0 | -0 | -1 | 1 | 3 | -1 | 7 | -7 |
| Closing Cash & Cash Equivalent | 0 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 4 | 11 | 4 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.1 | 0.41 | 0.52 | 0.62 | 1.14 | 1.53 | 3.41 | 5.5 | 3.71 | 2.88 | 3.67 |
| CEPS(Rs) | 0.56 | 0.81 | 0.91 | 1 | 1.59 | 2.16 | 4.16 | 6.39 | 4.84 | 4.24 | 5.21 |
| DPS(Rs) | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.15 | 0.2 | 0.2 | 0.2 | 0.22 |
| Book NAV/Share(Rs) | 3.68 | 4.09 | 4.57 | 7.62 | 8.61 | 9.94 | 13.25 | 18.6 | 22.13 | 24.81 | 28.24 |
| Core EBITDA Margin(%) | 2.84 | 3.77 | 3.85 | 3.77 | 3.71 | 4.54 | 6.32 | 5.34 | 4.65 | 5.45 | 6.34 |
| EBIT Margin(%) | 2.45 | 3.35 | 3.46 | 3.26 | 3.48 | 4.04 | 5.67 | 4.9 | 4.02 | 4.41 | 5.22 |
| Pre Tax Margin(%) | 0.19 | 0.61 | 1.06 | 1.28 | 1.66 | 2.17 | 4.31 | 4.18 | 3.17 | 3.18 | 3.83 |
| PAT Margin (%) | 0.13 | 0.53 | 0.71 | 0.84 | 1.17 | 1.67 | 3.19 | 3.1 | 2.29 | 2.35 | 2.88 |
| Cash Profit Margin (%) | 0.77 | 1.06 | 1.22 | 1.36 | 1.63 | 2.35 | 3.89 | 3.61 | 2.99 | 3.45 | 4.09 |
| ROA(%) | 0.33 | 1.38 | 1.64 | 1.99 | 3.04 | 3.72 | 6.5 | 8.33 | 5.58 | 4.49 | 5.45 |
| ROE(%) | 2.69 | 10.52 | 12.11 | 10.82 | 13.99 | 16.49 | 29.39 | 34.53 | 18.21 | 12.29 | 13.83 |
| ROCE(%) | 12.87 | 19.8 | 17.56 | 16.91 | 21.98 | 22.25 | 33.25 | 39.74 | 24.26 | 16.7 | 17.4 |
| Receivable days | 58.01 | 53.04 | 68.52 | 76.62 | 71.44 | 82.74 | 91.36 | 66.36 | 62.58 | 68.23 | 66.8 |
| Inventory Days | 32.27 | 31.34 | 29.65 | 29.52 | 30.2 | 33.2 | 40.33 | 33.09 | 39.26 | 51.81 | 51.22 |
| Payable days | 92.33 | 94.38 | 100.75 | 91.42 | 86.44 | 99.77 | 114.06 | 86.79 | 86.37 | 91.51 | 76.71 |
| PER(x) | 28.47 | 10.53 | 14.49 | 38.59 | 11.1 | 6.38 | 11.1 | 13.1 | 26.25 | 43.03 | 23.77 |
| Price/Book(x) | 0.76 | 1.05 | 1.66 | 3.15 | 1.46 | 0.98 | 2.85 | 3.87 | 4.4 | 5 | 3.09 |
| Dividend Yield(%) | 0 | 0 | 0 | 0.42 | 0.79 | 1.02 | 0.4 | 0.28 | 0.21 | 0.16 | 0.25 |
| EV/Net Sales(x) | 0.17 | 0.17 | 0.27 | 0.42 | 0.2 | 0.18 | 0.4 | 0.43 | 0.64 | 1.08 | 0.77 |
| EV/Core EBITDA(x) | 4.85 | 3.95 | 6.14 | 10.18 | 5.04 | 3.87 | 6.33 | 8 | 13.52 | 19.56 | 12 |
| Net Sales Growth(%) | 8.57 | 6.32 | -3.96 | 27.2 | 35.17 | -5.51 | 16.42 | 65.73 | -8.64 | -24.11 | 3.61 |
| EBIT Growth(%) | 10.53 | 43.07 | 0.38 | 10.43 | 40.14 | 9.82 | 63.44 | 43.29 | -25.18 | -16.62 | 22.68 |
| PAT Growth(%) | 43.55 | 318.11 | 28.39 | 39.95 | 82.56 | 34.67 | 122.9 | 61.39 | -32.55 | -22.24 | 27.23 |
| EPS Growth(%) | 43.55 | 318.12 | 28.39 | 18.63 | 82.56 | 34.67 | 122.9 | 61.39 | -32.55 | -22.24 | 27.23 |
| Debt/Equity(x) | 2.5 | 2.19 | 2.56 | 0.93 | 0.86 | 0.74 | 0.45 | 0.32 | 0.31 | 0.45 | 0.43 |
| Current Ratio(x) | 1.09 | 1.09 | 1.24 | 1.19 | 1.15 | 1.12 | 1.15 | 1.21 | 1.26 | 1.37 | 1.44 |
| Quick Ratio(x) | 0.76 | 0.79 | 0.99 | 0.87 | 0.84 | 0.83 | 0.8 | 0.84 | 0.76 | 0.85 | 0.88 |
| Interest Cover(x) | 1.08 | 1.22 | 1.44 | 1.64 | 1.92 | 2.16 | 4.18 | 6.76 | 4.73 | 3.57 | 3.76 |
| Total Debt/Mcap(x) | 3.31 | 2.08 | 1.54 | 0.29 | 0.59 | 0.75 | 0.16 | 0.08 | 0.07 | 0.09 | 0.14 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.44 | 54.44 | 54.44 | 54.44 | 54.44 | 54.44 | 54.44 | 54.44 | 54.44 | 54.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.04 | 0.04 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.34 | 0.34 | 0.38 |
| Public | 45.56 | 45.56 | 45.56 | 45.56 | 45.56 | 45.52 | 45.32 | 45.19 | 45.23 | 45.16 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 | 2.5 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.02 | 0.02 |
| Public | 2.09 | 2.09 | 2.09 | 2.09 | 2.09 | 2.09 | 2.08 | 2.08 | 2.08 | 2.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 | 4.59 |
* The pros and cons are machine generated.
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