HP Adhesives
- Market cap
- ₹ 280 Cr.
- P/E
- 126.3x
- P/B
- 1.57x
- 52-week range
- 26.52 – 53
- ROE
- 4%
- ROCE
- 6%
- Dividend yield
- 1.3%
- Debt / equity
- 0.02
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
HP Adhesives Limited is an India-based company, which is engaged in the manufacturing and distribution of adhesives and sealants along with other ancillary products. The Company's product categories include solvent cement, silicone sealants, contact adhesive, white glue/polyvinyl acetate, epoxy putty, epoxy adhesive, spray paint, drainage solution, and plumbing accessories. Its silicone sealants include 3600 General Purpose - Gold, 3400 General Purpose - Silver, Glass & Aquarium, and 7400 Neutral Silicone. The Company's contact adhesive products include Strong Fix SF-999, Strong Fix SF-777, Strong Fix SF-333 and Strong Fix Wonder. Its drainage solutions include FRP Manhole Cover, FRP Gratings and FRP Water Tank Cover. Its spray paint products include standard grade and special grade. It serves various industries, such as plumbing, home improvement, agriculture, glass glazing and building facade, automotive, water supply and drainage, foam and furnishing, and woodworking and carpentry.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →HP Adhesives against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)126.3 against a typical 25.8: pricier than most peers (1st = cheapest).121st of 129
- Sales growth−4.2% against a typical +25.9% from a year earlier.102nd of 112
- Profit growth−119.9% against a typical +42.4% from a year earlier.99th of 102
- Share price, 3 months+2.2% against a typical −5.8%.43rd of 118
- Size₹ 280.5 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).67th of 126
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB / CARE A3+ | Stable | 9 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | Reaffirmed | CARE BBB / CARE A3+ (Rating Watch with Negative Implications) → CARE BBB / CARE A3+ | — | CARE | ₹ 37.96 Cr. | |
| 29 Jan 2026 | Reaffirmed | CARE BBB / CARE A3+ → CARE BBB / CARE A3+ (Rating Watch with Negative Implications) | — | CARE | ₹ 37.96 Cr. | |
| 26 Sep 2025 | Withdrawn | was CARE BBB / CARE A3+ | — | CARE | ₹ 37.96 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 12 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 12 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 8 Aug 2025 | Financial Results | To consider and approve the Standalone and Consolidated financial results for the period ended Jun 30, 2025 |
| 13 May 2025 | Financial Results/Dividend | Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a Meeting of the Board of Directors of HP Adhesives Limited ( the Company ) is scheduled to be held on Tuesday, 13th May, 2025, through Audio-Visual means inter-alia:1. to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended 31st March, 2025 along with the Audit Report for the corresponding period; and2. to consider and recommend Final Dividend on the Equity Shares of the Company for the Financial Year 2024-25, if any. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63 | 55 | 59 | 61 | 59 | 66 | 65 | 66 | 65 | 61 | 58 | 63 |
| Expenses | 55 | 47 | 51 | 53 | 52 | 60 | 60 | 60 | 59 | 58 | 61 | 64 |
| Operating Profit | 7 | 8 | 9 | 8 | 6 | 6 | 6 | 7 | 6 | 4 | −4 | −0 |
| OPM % | 11.7% | 14.2% | 14.9% | 12.5% | 11% | 9.1% | 8.4% | 10% | 9.8% | 6.2% | −6.5% | −0.3% |
| Other Income | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Profit before tax | 7 | 7 | 8 | 7 | 5 | 5 | 5 | 6 | 5 | 2 | −5 | −1 |
| Tax % | 26.1% | 26.7% | 30.4% | 24.3% | 17.2% | 27.9% | 21.9% | 24.8% | 25.9% | 28.9% | −54.5% | −33.3% |
| Net Profit | 5 | 5 | 6 | 6 | 4 | 4 | 4 | 4 | 4 | 2 | −2 | −1 |
| EPS in Rs | 0.57 | 0.57 | 0.61 | 0.61 | 0.45 | 0.43 | 0.45 | 0.46 | 0.39 | 0.16 | −0.26 | −0.09 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 16%
- 3 Years
- 2%
- TTM
- −3%
- 10 Years
- —
- 5 Years
- −6%
- 3 Years
- −14%
- TTM
- −86%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −31%
- TTM
- —
- 10 Years
- —
- 5 Years
- 8%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| HP Adhesives | ₹ 33.47 | ₹ 280 Cr. | 126.3x | 1.6x | 4% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Anjana Haresh Motwani
- Executive Chairman of the Board
- Mihir Suresh Shah
- Chief Financial Officer
- Swati Talgaonkar
- Compliance Officer, Company Secretary
- Karan Haresh Motwani
- Managing Director, Executive Director
- Nidhi Haresh Motwani
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.