Hindustan Adhesives Ltd.

BSE: HINDADH514428ISIN INE074C01013

Industrials
Plastic Products - Industrial

Share price

₹370.400.00 (0.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹402.65
52W low: ₹247.60
Off 52W high: -8.01%
1M return: -4.36%
3M return: +38.52%
6M return: +15.95%
1Y return: +23.10%
20D avg volume: 625
50 DMA: ₹368.78
200 DMA: ₹313.70

Key ratios Consolidated

Market cap: ₹189.51 Cr
Current price: ₹370.40
52W high / low: ₹402.65 / ₹247.60
Face value: ₹10.00
P/E: 8.70
P/B: 1.74
EPS (TTM): ₹42.59
Book value / share: ₹212.60
ROE: —
ROCE: 18.30%
Operating margin: —
Net margin: —
Debt / equity: 0.94
Net debt: ₹101.23 Cr
Interest cover: 3.66
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 83.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	79.84	57.64	66.89	64.65	66.39	63.77	72.55	84.44	64.06	—
	0.47	1.68	1.09	1.17	0.84	1.09	1.43	0.87	1.12	—
	80.31	59.32	67.98	65.82	67.23	64.86	73.98	85.31	65.18	—
	65.36	57.35	61.10	58.27	62.11	59.62	67.79	78.12	62.34	—
	38.49	30.90	35.04	37.38	36.60	37.24	36.21	51.38	35.32	—
	0.78	0.75	0.00	0.00	0.00	0.00	—	—	—	—
	6.63	6.19	5.38	5.75	5.86	6.78	6.24	6.03	5.57	—
	2.76	2.46	1.72	1.43	1.89	1.91	1.57	1.48	1.19	—
	4.12	3.99	2.93	2.55	2.48	4.25	2.48	2.22	2.17	—
	16.04	17.60	12.78	13.26	14.14	12.98	16.27	18.08	16.16	—
	14.95	1.97	6.88	7.55	5.12	5.24	6.19	7.19	2.84	—
	0.00	-1.51	-0.09	0.00	0.00	0.00	0.00	0.00	0.00	—
	14.95	0.46	6.79	7.55	5.12	5.24	6.19	7.19	2.84	—
	4.31	0.47	2.28	1.84	1.37	1.94	1.60	1.82	0.71	—
	10.64	0.93	4.51	5.71	3.75	3.30	4.59	5.37	2.13	—
	20.78	5.94	8.81	11.15	7.33	6.41	8.96	10.49	4.16	—
Key metrics
	21.83	6.91	11.44	11.53	9.49	11.40	10.24	10.89	6.20	—
	27.30%	12.00%	17.10%	17.80%	14.30%	17.90%	14.10%	12.90%	9.70%	—
	13.30%	1.60%	6.70%	8.80%	5.60%	5.20%	6.30%	6.40%	3.30%	—
	—	1.90%	—	6.40%	—	5.20%	—	—	—	—
	20.30%	-9.60%	-7.80%	-23.40%	3.60%	—	—	—	—	—
	183.70%	-71.80%	-1.70%	6.30%	76.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	269.02	255.57	284.82	—
	4.41	4.78	4.51	—
	273.43	260.35	289.33	—
	242.08	238.92	267.87	—
	141.81	138.57	160.15	—
	1.53	2.10	0.00	—
	23.95	23.27	24.62	—
	8.37	7.50	6.15	—
	13.59	11.95	11.12	—
	59.68	57.78	63.49	—
	31.35	21.43	21.46	—
	-1.60	-1.51	0.00	—
	29.75	19.92	21.46	—
	8.90	5.02	6.07	—
	21.79	14.90	15.39	—
	46.68	33.22	30.02	—
Key metrics
	51.71	39.37	38.73	—
	19.22%	15.40%	13.60%	—
	8.10%	5.80%	5.40%	—
	—	18.30%	20.10%	—
	-6.31%	-10.30%	—	—
	28.10%	-3.20%	—	—
	—	10.04	-43.65	—
	—	2.09	1.19	—
	—	0.94	1.16	—
	—	101.23	99.38	—
	—	83.8	69.8	—
Balance sheet
	—	287.89	258.68	—
	—	119.85	121.74	—
	—	0.93	6.20	—
	—	30.93	27.27	—
	—	63.73	66.00	—
	—	—	16.17	—
	—	114.12	70.79	—
	—	35.97	38.78	—
	—	137.69	121.32	—
	—	102.16	105.58	—
	—	83.57	65.81	—
	—	18.59	39.77	—
	—	108.85	91.11	—
Cash flow
	—	31.13	18.35	—
	—	-19.43	-49.13	—
	—	-11.25	34.71	—
	—	21.09	62.00	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	77.21	57.74	66.58	65.87	66.39	63.77	72.55	84.44	64.06	—
	0.61	1.69	1.16	1.18	0.84	1.09	1.43	0.87	1.12	—
	77.82	59.43	67.74	67.05	67.23	64.86	73.98	85.31	65.18	—
	61.17	55.98	59.80	58.69	62.11	59.62	67.79	78.12	62.34	—
	36.62	29.80	35.21	38.24	36.60	37.24	36.21	51.38	35.32	—
	0.78	0.75	0.00	0.00	0.00	0.00	—	—	—	—
	6.01	5.92	4.88	5.38	5.86	6.78	6.24	6.03	5.57	—
	2.50	2.41	1.72	1.43	1.89	1.91	1.57	1.48	1.19	—
	3.23	3.93	2.88	2.49	2.48	4.25	2.48	2.22	2.17	—
	15.01	17.23	12.16	12.71	14.14	12.98	16.27	18.08	16.16	—
	16.65	3.45	7.94	8.36	5.12	5.24	6.19	7.19	2.84	—
	0.00	-1.51	-0.09	0.00	0.00	0.00	—	—	—	—
	16.65	1.94	7.85	8.36	5.12	5.24	6.19	7.19	2.84	—
	4.36	0.01	2.28	1.84	1.37	1.94	1.60	1.82	0.71	—
	12.29	1.95	5.57	6.52	3.75	3.30	4.59	5.37	2.13	—
	24.00	7.93	10.88	12.73	7.33	6.41	8.96	10.49	4.16	—
Key metrics
	22.38	8.28	12.45	12.28	9.49	11.40	10.24	10.89	6.20	—
	29.00%	14.30%	18.70%	18.60%	14.30%	17.90%	14.10%	12.90%	9.70%	—
	15.90%	3.40%	8.40%	9.90%	5.60%	5.20%	6.30%	6.40%	3.30%	—
	—	2.90%	—	7.90%	—	6.00%	—	—	—	—
	16.30%	-9.50%	-8.20%	-22.00%	3.60%	—	—	—	—	—
	227.70%	-40.90%	21.40%	21.40%	76.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	267.40	256.58	284.82	—
	4.64	4.87	4.51	—
	272.04	261.45	289.33	—
	235.64	237.93	267.87	—
	139.87	139.85	160.15	—
	1.53	2.10	0.00	—
	22.19	22.04	24.62	—
	8.06	7.45	6.15	—
	12.53	11.78	11.12	—
	57.11	56.24	63.49	—
	36.40	23.52	21.46	—
	-1.60	-1.51	0.00	—
	34.80	22.01	21.46	—
	8.49	5.48	6.07	—
	26.33	16.53	15.39	—
	55.54	36.41	30.02	—
Key metrics
	55.39	41.24	38.73	—
	20.71%	16.10%	13.60%	—
	9.85%	6.40%	5.40%	—
	—	19.40%	23.10%	—
	-6.88%	-9.90%	—	—
	54.79%	7.40%	—	—
	—	30.71	-16.59	—
	—	2.54	0.98	—
	—	0.82	0.91	—
	—	89.89	82.39	—
	—	78.5	67.4	—
Balance sheet
	—	276.05	238.56	—
	—	108.30	121.88	—
	—	0.21	1.69	—
	—	33.86	27.27	—
	—	56.99	62.60	—
	—	12.77	16.76	—
	—	111.37	70.33	—
	—	35.68	37.23	—
	—	123.89	118.83	—
	—	90.10	84.08	—
	—	71.64	62.76	—
	—	18.46	21.32	—
	—	110.52	91.92	—
Cash flow
	—	42.03	15.14	—
	—	-40.43	-37.28	—
	—	-1.74	21.56	—
	—	11.32	31.73	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -6.88%
Profit YoY (TTM): +54.79%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -6.31%
Profit YoY (TTM): +28.10%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 68.47%

Quarter	September 2026	June 2026
Promoter %	68.47%	68.47%

Holder	Type	Holding	Previous	Change
Madhusudan Bagla	Promoter	21.14%	21.14%	0.00%
Anju Bagla	Promoter	11.70%	11.70%	0.00%
Nakul Bagla	Promoter	7.27%	7.27%	0.00%
Dhruv Bagla	Promoter	6.15%	6.15%	0.00%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	5.37%	5.38%	-0.01%
Bagla Polifilms Limited	Promoter Group	4.99%	4.99%	0.00%
SAPHIRE HOSPITALITY MANAGEMENT PVT LIMITED	Public	4.99%	4.99%	0.00%
Delhi Foils Private Limited	Promoter Group	4.98%	4.98%	0.00%
Synergy Commerce Private Ltd	Promoter Group	4.30%	4.30%	0.00%
Hamsafar Vanijya Private Limited	Promoter Group	4.20%	4.20%	0.00%
Surya Consumer Goods Private Limited	Promoter Group	3.22%	3.22%	0.00%
Varsha Chugh .	Public	1.00%	1.00%	0.00%
Sidhika Madhusudan Bagla	Promoter	0.52%	0.52%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Supreme Industries Ltd.	42,577	3,351.80	37.68	18.30%	+16.64% TTM	+33.27% TTM	-13.77%
ASTRAL LIMITED	38,256	1,424.00	66.45	18.40%	+16.79% TTM	+20.29% TTM	-2.97%
GARWARE HI-TECH FILMS LIMITED	17,529	7,545.05	36.78	16.70%	+14.67% TTM	+36.19% TTM	+121.92%
Kingfa Science & Technology (India) Ltd S	9,220	6,803.45	40.85	17.90%	+24.13% TTM	+46.94% TTM	+49.40%
Finolex Industries Ltd.	8,932	143.95	14.72	12.10%	+2.80% TTM	+26.35% TTM	-23.65%
Time Technoplast Limited	8,458	171.35	16.99	15.80%	+15.51% TTM	+21.29% TTM	-18.81%
Prince Pipes and Fittings Limited S	3,293	297.80	24.35	6.20%	+15.42% TTM	+482.68% TTM	-7.67%
APOLLO PIPES LIMITED	2,273	516.00	-162.60	2.10%	-1.99% TTM	-151.53% TTM	+71.80%
Jain Irrigation Systems Ltd.	2,044	28.61	-30.83	6.60%	+6.88% TTM	-223.97% TTM	-42.56%
Jai Corp Limited	1,578	89.90	16.93	12.70%	+2.39% TTM	-40.65% TTM	-46.22%
Premier Polyfilm Ltd. S	957	91.39	26.04	28.50%	+27.78% TTM	+39.95% TTM	+117.39%
R M DRIP AND SPRINKLERS SYSTEMS LIMITED	749	17.50	21.37	33.60%	—	—	-62.59%
MANIKA PLASTECH LIMITED	571	48.97	—	—	+7.25% FY26	+15.88% FY26	—
Prakash Pipes Limited S	527	220.50	10.68	12.60%	+6.12% TTM	-27.41% TTM	-23.49%
Dhabriya Polywood Limited	497	458.95	15.30	28.90%	+13.50% TTM	+62.95% TTM	+19.01%
Shish Industries Limited	497	11.77	144.92	5.90%	+8.28% TTM	-42.03% TTM	+38.47%
CAPTAIN POLYPLAST LIMITED	367	61.04	12.94	21.50%	+42.98% TTM	+39.19% TTM	-22.50%
Kaka Industries Limited S	283	207.00	15.07	23.40%	—	—	-7.11%
Kriti Industries (India) Ltd.	269	50.98	-32.21	6.70%	-22.13% TTM	+23.04% TTM	-55.44%
Kisan Mouldings Ltd.	255	21.33	-14.72	-2.10%	+3.26% TTM	-4,657.89% TTM	-28.40%
Ecoplast Ltd.	217	457.05	21.57	13.50%	+69.70% TTM	+22.63% TTM	-11.99%
JUJHAR LOGISTICS LIMITED	190	205.90	14.68	13.10%	+631.29% TTM	+1,780.00% TTM	+255.06%
Hindustan Adhesives Ltd.	190	370.40	8.70	18.30%	-6.31% TTM	+28.10% TTM	+23.10%
Tainwala Chemicals & Plastics Ltd S	181	192.95	23.62	7.10%	-17.22% TTM	+3.51% TTM	-4.03%
B. D. Industries (Pune) Limited	164	115.45	—	21.10%	—	—	+6.41%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30.09.202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Details of Voting result of 38th Annual General Meeting along with Scrutinizer Report1 Oct 2026 · AGM/EGM / AGM
Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201530 Sep 2026 · Company Update / Change in Management
Outcome of 38th Annual General Meeting with proceedings30 Sep 2026 · AGM/EGM / AGM
Intimation regarding closure of Trading Window26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper Advertisement of Publication of Notice of the 38th Annual General Meeting9 Sep 2026 · Company Update / Newspaper Publication
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations , 20258 Sep 2026 · Company Update / General
Intimation of Book Closure and Cutoff date for e Voting8 Sep 2026 · Company Update / General
Annual Report for the Financial Year 2025-26 and Notice of 38th Annual General Meeting under Regulation 30 and 34 of the Securities and Exchange Board of India (Listing Obligations and ....8 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Newspaper Advertisement of the 38th Annual General Meeting of the Equity Shareholders of the Company to be held on 30th September, 2026.27 Aug 2026 · Company Update / Newspaper Publication
Intimation of Newspaper Advertisement of Publication Notice of the Special window for Re-lodgement of Transfer Requests of Physical Shares25 Aug 2026 · Company Update / Newspaper Publication
Re-appointment of Internal Auditor and Cost Auditor of the Company for the Financial Year 2026-27.14 Aug 2026 · Company Update / General
Announcement under Regulation 30 of SEBI (LODR) Regulations, 201514 Aug 2026 · Company Update / Change in Management
Submission of Unaudited Standalone and Consolidated Financial Result for the quarter ended on 30th June , 202614 Aug 2026 · Result / Financial Results
Pursuant to the Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of directors of the ....14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Pursuant to the regulation ....10 Aug 2026 · Board Meeting / Board Meeting
Reply to Compliance Observation under Regulation 46 of SEBI (LODR) Regulations, 201517 Jul 2026 · Company Update / General
Certificate under Reg 74(5) of SEBI (DP) Regulations 2018 for the quarter ended 30/06/202615 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1. Appointment of Mr. Anil Mathur as an Additional Director in the category of Non-Executive Independent Director 2. Resignation of Mr. Amit Sharma from the post of Non-Executive Independent Director14 Jul 2026 · Company Update / Change in Management
Intimation regarding closure of trading window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Audited Standalone and Consolidated Financial Result for the quarter and financial year ended on 31st March, 2026.25 Jun 2026 · Result / Financial Results
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of directors of the Company at its meeting ....25 Jun 2026 · Board Meeting / Outcome of Board Meeting
Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2026 ,inter alia, to consider and approve With reference to our intimation ....15 Jun 2026 · Company Update / Board Meeting Rescheduled
Disclosure of reason for delay in submission of Audited Standalone and Consolidated financial results for the quarter and financial year ended on March 31, 2026.15 Jun 2026 · Company Update / General
Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/06/2026 ,inter alia, to consider and approve With reference to our intimation ....1 Jun 2026 · Company Update / Board Meeting Rescheduled
Disclosure of reason for delay in submission of Audited Standalone and Consolidated Financial Results for the quarter and financial year ended on 31 March, 20261 Jun 2026 · Company Update / General
Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Notice of Board Meeting ....25 May 2026 · Board Meeting / Board Meeting
Annual Secretarial Compliance Report of the Company for the year ended 31 March, 202621 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....30 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31/03/20268 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the Quarter ended on 31.03.2026.27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper Advertisement of Publication of Notice of the Special Window for Re-lodgement of Transfer Requests of Physical Shares20 Mar 2026 · Company Update / Newspaper Publication
Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended on 31st December 202514 Feb 2026 · Result / Financial Results
Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514 Feb 2026 · Board Meeting / Outcome of Board Meeting
Hindustan Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve Notice of Board Meeting ....10 Feb 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 31/12/202515 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window for the quarter ended on 31st December, 202528 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Intimation of Newspaper Advertisement of Publication of Notice of the Special Window for Re-lodgement of transfer Requests of Physical Shares26 Nov 2025 · Company Update / Newspaper Publication
Submission of Unaudited Standalone and Consolidated Financial Results for the quarter ended on 30th September 202514 Nov 2025 · Result / Financial Results
Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514 Nov 2025 · Board Meeting / Outcome of Board Meeting

Board meetings

14 Aug 2026 Board Meeting - Financial Results