Last updated: 15:31
No Notes Added Yet
SPEB Adhesives Ltd. is an Indian manufacturer of industrial adhesives, specialising in solvent-based synthetic rubber adhesives and also offering water-based adhesive products, used across sectors such as packaging, automotive, footwear, construction, woodworking, furniture, ducting and insulation, and generator sets. The company operates on a B2B business model with sales through a dealer/distributor network, industrial clients and government supply contracts, and its products include multi-purpose, premium bonding, spray-grade, woodworking an...Read More
SPEB Adhesives Ltd. is an Indian manufacturer of industrial adhesives, specialising in solvent-based synthetic rubber adhesives and also offering water-based adhesive products, used across sectors such as packaging, automotive, footwear, construction, woodworking, furniture, ducting and insulation, and generator sets. The company operates on a B2B business model with sales through a dealer/distributor network, industrial clients and government supply contracts, and its products include multi-purpose, premium bonding, spray-grade, woodworking and specialised adhesives tailored for diverse industrial needs. SPEB has a manufacturing facility in Taloja, Raigad (Maharashtra) with a capacity of around 12,000 litres per day, and its promoters bring decades of industry experience. In late 2025, the company completed an SME IPO on the NSE SME platform, raising capital to partly finance a new facility to expand water-based adhesive production and for general corporate purposes, and its shares debuted on stock exchanges with modest listing gains. ...Read Less
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹124 Cr.
Stock P/E 21
P/B 2.4
Current Price ₹55
Book Value ₹ 23.4
Face Value 10
52W High ₹60
Dividend Yield 0%
52W Low ₹ 46.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 28 | 38 | 43 | 45 | |
| Other Income | 0 | 0 | 1 | 1 | |
| Total Income | 28 | 39 | 43 | 46 | |
| Total Expenditure | 24 | 36 | 36 | 37 | |
| Operating Profit | 4 | 3 | 7 | 9 | |
| Interest | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 3 | 3 | 7 | 8 | |
| Provision for Tax | 1 | 1 | 2 | 2 | |
| Profit After Tax | 3 | 2 | 5 | 6 | |
| Adjustments | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 3 | 2 | 5 | 6 | |
| Adjusted Earnings Per Share | 1.3 | 0.9 | 2.8 | 3.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 5% | 17% | 0% | 0% |
| Operating Profit CAGR | 29% | 31% | 0% | 0% |
| PAT CAGR | 20% | 26% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 26% | 21% | 19% | 19% |
| ROCE Average | 36% | 28% | 26% | 26% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 18 | 19 | 19 | 25 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1 | 0 | 1 | 2 |
| Total Liabilities | 19 | 20 | 21 | 27 |
| Fixed Assets | 2 | 2 | 3 | 2 |
| Other Non-Current Assets | 4 | 3 | 0 | 0 |
| Total Current Assets | 13 | 15 | 18 | 25 |
| Total Assets | 19 | 20 | 21 | 27 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 1 | 3 |
| Cash Flow from Operating Activities | -1 | 0 | 4 | -1 |
| Cash Flow from Investing Activities | 3 | 0 | 2 | 0 |
| Cash Flow from Financing Activities | -3 | 0 | -5 | 1 |
| Net Cash Inflow / Outflow | -1 | 1 | 1 | -0 |
| Closing Cash & Cash Equivalent | 1 | 1 | 3 | 3 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.35 | 0.95 | 2.8 | 3.35 |
| CEPS(Rs) | 1.53 | 1.12 | 3.08 | 3.6 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.09 | 10.07 | 11.05 | 14.4 |
| Core EBITDA Margin(%) | 13.02 | 6.36 | 15.36 | 17.51 |
| EBIT Margin(%) | 13.14 | 6.61 | 15.63 | 18.2 |
| Pre Tax Margin(%) | 12.35 | 6.57 | 15.59 | 18.16 |
| PAT Margin (%) | 9.32 | 4.77 | 11.58 | 13.16 |
| Cash Profit Margin (%) | 10.56 | 5.62 | 12.71 | 14.14 |
| ROA(%) | 13.91 | 9.49 | 24.33 | 24.58 |
| ROE(%) | 14.82 | 9.9 | 25.37 | 26.3 |
| ROCE(%) | 20.89 | 13.71 | 34.23 | 36.37 |
| Receivable days | 84.3 | 66.86 | 59.11 | 53.17 |
| Inventory Days | 38.28 | 29.4 | 27.06 | 22.31 |
| Payable days | 0 | 0 | 4.85 | 10.27 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | -0.09 | -0.09 | -0.19 | 0.06 |
| EV/Core EBITDA(x) | -0.66 | -1.23 | -1.16 | 0.33 |
| Net Sales Growth(%) | 0 | 37.49 | 11.06 | 5.11 |
| EBIT Growth(%) | 0 | -30.83 | 162.63 | 22.37 |
| PAT Growth(%) | 0 | -29.6 | 169.58 | 19.4 |
| EPS Growth(%) | 0 | -29.6 | 195.71 | 19.39 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 11.94 | 34.77 | 14.87 | 13.42 |
| Quick Ratio(x) | 9.19 | 27.24 | 12.35 | 12.13 |
| Interest Cover(x) | 16.71 | 162.6 | 376.36 | 424.57 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Mar 2026 |
|---|---|
| Promoter | 73.18 |
| FII | 0.4 |
| DII | 8.26 |
| Public | 18.15 |
| Others | 0 |
| Total | 100 |
| # | Mar 2026 |
|---|---|
| Promoter | 1.64 |
| FII | 0.01 |
| DII | 0.19 |
| Public | 0.41 |
| Others | 0 |
| Total | 2.25 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
ChatGPT
Claude
Perplexity
