Nikhil Adhesives
- Market cap
- ₹ 301 Cr.
- P/E
- 83.4x
- P/B
- 2.15x
- 52-week range
- 56.78 – 117
- ROE
- 13%
- ROCE
- 15%
- Dividend yield
- 0.3%
- Debt / equity
- 0.46
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- BSE
About
Nikhil Adhesives Limited is an India-based multi-product company manufacturing, selling and exporting various types of polymer emulsions that are used for different applications. The Company's segments include Manufacturing of Adhesives & Emulsions, and Trading in chemicals & Others. Its market and products include paint emulsion, redispersible polymer powders (RDP), opaque polymer, textile emulsion and binders, industrial adhesives, mahacol wood adhesive, construction chemicals, monomers and solvents, and MCFix. Its paint emulsion products include pure acrylic emulsions, styrene acrylic co-polymer emulsion, Vam acrylic co-polymer emulsion, Vam-Veova co-polymer and Ter-polymer emulsion, and polymer additives for paint applications. Its textile emulsion and binder products include polyvinyl acetate emulsion for textile finishing, textile binders for printing and flocking, and emulsion for carpet industries. Its opaque polymer products include EMDICRYL TM OP-300 and EMDICRYL TM OP-300.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Nikhil 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)83.4 against a typical 25.8: pricier than most peers (1st = cheapest).113th of 129
- Sales growth+50.6% against a typical +25.9% from a year earlier.23rd of 112
- Profit growth+37.1% against a typical +42.4% from a year earlier.55th of 102
- Share price, 3 months−11.2% against a typical −5.8%.84th of 118
- Size₹ 300.9 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).66th of 126
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 | 144 | 130 | 148 | 161 | 148 | 134 | 149 | 125 | 131 | 133 | 166 | 189 |
| Expenses | 136 | 123 | 139 | 151 | 138 | 126 | 140 | 115 | 123 | 125 | 155 | 176 |
| Operating Profit | 8 | 8 | 9 | 10 | 9 | 9 | 9 | 10 | 8 | 8 | 11 | 13 |
| OPM % | 5.2% | 5.8% | 6% | 6.2% | 6.4% | 6.4% | 6.3% | 8.1% | 6.3% | 5.8% | 6.8% | 6.8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 5 | 4 | 5 | 7 | 6 | 5 | 6 | 6 | 6 | 5 | 8 | 10 |
| Tax % | 23.5% | 29% | 26.9% | 22.6% | 20.3% | 26.1% | 27.4% | 17.1% | 32% | 25.8% | 24.3% | 23.5% |
| Net Profit | 3 | 3 | 4 | 5 | 5 | 3 | 4 | 5 | 4 | 4 | 6 | 7 |
| EPS in Rs | 0.75 | 0.64 | 0.82 | 1.1 | 1 | 0.76 | 0.91 | 1.16 | 0.87 | 0.77 | 1.37 | 1.59 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 2%
- 3 Years
- −9%
- TTM
- 11%
- 10 Years
- 27%
- 5 Years
- 2%
- 3 Years
- 1%
- TTM
- 22%
- 10 Years
- 32%
- 5 Years
- 2%
- 3 Years
- −11%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 17%
- 3 Years
- 13%
- 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.
| Nikhil Adhesives | ₹ 64.00 | ₹ 301 Cr. | 83.4x | 2.2x | 13% | — |
| 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. | 102.6x | 27.4x | 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. | 44.5x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 108.7x | 14x | 13.6% | 21.7% |
Management
- Umesh J. Sanghavi
- Executive Chairman of the Board, Managing Director
- Anita Umesh Sanghavi
- Chief Financial Officer
- Satish Gaonkar
- Chief Operating Officer, Executive Director
- Beena Khandelwal
- Chief Compliance Officer, Company Secretary
- Rajendra J. Sanghavi
- Whole Time Director
- Jagdish Mali
- Additional Executive Director
- Tarak Jayantilal Sanghavi
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.