HP Adhesives Limited

BSE: HPAL543433ISIN INE0GSL01024

Commodities
Specialty Chemicals

Share price

₹31.90-0.81 (-2.48%)

as of 4 Nov 2026

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

52W high: ₹52.13
52W low: ₹26.34
Off 52W high: -38.81%
1M return: -5.73%
3M return: -6.81%
6M return: -17.16%
1Y return: -37.73%
20D avg volume: 4,702
50 DMA: ₹34.19
200 DMA: ₹35.58

Key ratios Consolidated

Market cap: ₹293.08 Cr
Current price: ₹31.90
52W high / low: ₹52.13 / ₹26.34
Face value: ₹2.00
P/E: 156.14
P/B: 1.56
EPS (TTM): ₹0.20
Book value / share: ₹20.43
ROE: —
ROCE: 5.30%
Operating margin: —
Net margin: —
Debt / equity: 0.02
Net debt: ₹2.37 Cr
Interest cover: 3.76
Dividend yield: 1.25%
Dividend / share (TTM): ₹0.40
Payout: 200.00%
Cash conversion cycle: 88.0 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
	63.42	57.82	65.37	65.06	66.11	66.83	66.68	58.93	60.52	—
	1.06	0.73	0.93	0.84	1.10	1.53	1.29	0.19	1.48	—
	64.48	58.55	66.30	65.90	67.20	68.36	67.97	59.12	62.00	—
	65.83	63.79	63.57	60.78	61.63	62.90	62.16	54.07	54.59	—
	36.23	27.11	29.86	37.02	28.77	34.10	36.19	31.55	28.95	—
	15.40	10.25	10.69	6.54	9.07	8.53	9.96	6.00	8.38	—
	9.77	10.43	10.14	9.90	9.49	9.22	8.96	8.18	7.67	—
	0.81	0.75	0.65	0.63	0.65	0.59	0.58	0.51	0.47	—
	1.27	1.46	1.51	1.46	1.41	1.25	1.18	1.16	1.14	—
	11.86	13.15	11.64	9.81	7.74	9.94	8.95	7.28	7.62	—
	-1.35	-5.24	2.73	5.12	5.57	5.45	5.81	5.05	7.41	—
	0.00	0.00	-0.49	-0.32	0.00	0.00	0.00	0.00	0.00	—
	-1.35	-5.24	2.24	4.80	5.57	5.45	5.81	5.05	7.41	—
	0.45	-2.86	0.62	1.27	1.38	1.20	1.60	0.88	1.80	—
	-0.91	-2.37	1.62	3.53	4.19	4.25	4.21	4.17	5.61	—
	-0.10	-0.26	0.18	0.38	0.46	0.46	0.46	0.45	0.61	—
Key metrics
	0.73	-3.03	4.40	6.89	7.63	7.29	7.57	6.72	9.02	—
	1.20%	-5.20%	6.70%	10.60%	11.50%	10.90%	11.40%	11.40%	14.90%	—
	-1.40%	-4.10%	2.50%	5.40%	6.30%	6.40%	6.30%	7.10%	9.30%	—
	—	-2.40%	—	2.80%	—	3.20%	—	—	—	—
	-4.10%	-13.50%	-2.00%	10.40%	9.20%	—	—	—	—	—
	-121.70%	-155.80%	-61.50%	-15.30%	-25.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	251.67	249.28	252.87	—
	3.56	3.60	4.58	—
	255.23	252.87	257.45	—
	253.97	244.69	233.72	—
	130.22	117.68	130.79	—
	42.88	36.55	32.88	—
	40.24	39.95	34.04	—
	2.84	2.67	2.15	—
	5.70	5.83	4.72	—
	46.46	42.34	33.79	—
	1.26	8.19	23.73	—
	-0.81	-0.81	0.00	—
	0.45	7.38	23.73	—
	-0.52	0.40	5.49	—
	1.87	6.98	18.24	—
	0.20	0.76	1.99	—
Key metrics
	8.99	15.88	30.60	—
	3.57%	6.40%	12.10%	—
	0.74%	2.80%	7.20%	—
	—	5.30%	13.90%	—
	-2.66%	-1.40%	—	—
	-88.88%	-61.70%	—	—
	—	-5.76	-4.09	—
	—	1.01	0.54	—
	—	0.02	0.03	—
	—	2.37	2.55	—
	—	88.0	108.5	—
Balance sheet
	—	232.11	228.08	—
	—	154.14	147.53	—
	—	0.89	3.14	—
	—	37.26	41.74	—
	—	50.50	56.49	—
	—	5.18	17.77	—
	—	71.58	70.98	—
	—	27.65	23.00	—
	—	43.09	41.35	—
	—	3.26	5.69	—
	—	3.26	5.69	—
	—	0.00	0.00	—
	—	187.75	184.28	—
Cash flow
	—	7.08	9.94	—
	—	-1.55	-9.11	—
	—	-7.78	1.52	—
	—	12.84	14.03	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	63.34	57.70	64.79	65.13	66.13	66.19	65.75	58.87	60.52	59.35	54.75	62.60
	1.02	0.67	0.93	0.79	1.05	1.50	1.26	0.17	1.48	0.84	0.62	0.81
	64.36	58.37	65.72	65.91	67.18	67.68	67.01	59.04	62.00	60.19	55.37	63.41
	65.61	63.63	63.12	60.80	61.57	62.41	61.52	54.05	54.56	52.13	48.26	56.54
	36.17	27.03	29.77	36.84	28.83	33.85	35.52	31.55	28.95	26.45	27.88	32.26
	15.40	10.25	10.69	6.54	9.07	8.53	9.96	6.00	8.38	8.80	7.06	8.37
	9.75	10.42	10.12	9.89	9.48	9.22	8.95	8.17	7.67	7.46	7.37	7.14
	0.81	0.75	0.64	0.63	0.64	0.59	0.58	0.51	0.47	0.56	0.18	0.21
	1.27	1.45	1.50	1.45	1.41	1.25	1.17	1.15	1.13	1.08	1.11	1.08
	11.72	13.09	11.59	9.73	7.66	9.78	8.90	7.21	7.59	7.97	7.59	7.58
	-1.26	-5.25	2.59	5.11	5.61	5.27	5.49	4.99	7.45	8.06	7.11	6.87
	0.00	0.00	-0.49	-0.32	0.00	0.00	—	—	—	—	—	0.22
	-1.26	-5.25	2.11	4.79	5.61	5.27	5.49	4.99	7.45	8.06	7.11	7.09
	-0.42	2.87	0.61	1.24	1.39	1.15	1.52	0.86	1.81	2.45	1.90	1.85
	-0.84	-2.39	1.50	3.55	4.22	4.12	3.96	4.12	5.63	5.61	5.21	5.24
	-0.09	-0.26	0.16	0.39	0.46	0.45	0.43	0.45	0.61	0.61	0.57	0.57
Key metrics
	0.82	-3.05	4.25	6.87	7.66	7.11	7.24	6.65	9.05	9.70	8.40	8.38
	1.30%	-5.30%	6.60%	10.50%	11.60%	10.70%	11.00%	11.30%	15.00%	16.30%	15.30%	13.40%
	-1.30%	-4.10%	2.30%	5.50%	6.40%	6.20%	6.00%	7.00%	9.30%	9.50%	9.50%	8.40%
	—	-2.40%	—	2.80%	—	3.10%	—	—	—	—	—	—
	-4.20%	-12.80%	-1.50%	10.60%	9.30%	11.50%	20.10%	-6.00%	—	—	—	—
	-119.90%	-158.00%	-62.10%	-13.80%	-25.00%	-26.60%	-24.00%	-21.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	250.96	248.67	251.25	236.02	233.00	164.60
	3.41	3.44	4.48	3.26	2.94	2.83
	254.36	252.10	255.73	239.28	235.93	167.43
	253.16	244.04	232.54	211.38	219.52	159.28
	129.81	117.40	129.87	117.66	142.09	94.96
	42.88	36.55	32.88	32.32	29.02	22.38
	40.18	39.92	34.01	28.55	21.94	17.33
	2.83	2.67	2.15	1.88	2.29	3.13
	5.67	5.81	4.70	4.29	3.23	2.84
	46.13	42.06	33.49	28.53	23.80	15.11
	1.19	8.06	23.18	27.89	16.41	8.15
	-0.81	-0.81	0.00	0.22	-1.38	—
	0.39	7.25	23.18	28.12	15.03	8.15
	4.30	0.37	5.34	7.55	4.18	2.15
	1.82	6.88	17.84	20.57	10.86	6.01
	0.20	0.75	1.94	2.24	5.91	3.95
Key metrics
	8.89	15.73	30.03	34.29	20.55	14.12
	3.54%	6.30%	12.00%	14.50%	8.80%	8.60%
	0.73%	2.80%	7.10%	8.70%	4.70%	3.70%
	—	5.30%	13.60%	—	—	—
	-2.33%	-1.00%	6.50%	1.30%	41.60%	—
	-88.92%	-61.40%	-13.30%	89.40%	80.70%	—
	—	-5.66	-4.07	—	—	—
	—	1.04	0.54	—	—	—
	—	0.02	0.03	—	—	—
	—	2.46	2.63	—	—	—
	—	87.8	109.0	—	—	—
Balance sheet
	—	231.54	227.52	—	—	—
	—	151.78	145.21	—	—	—
	—	0.80	3.06	—	—	—
	—	37.28	41.78	—	—	—
	—	50.18	56.15	—	—	—
	—	5.16	17.75	—	—	—
	—	71.35	70.74	—	—	—
	—	27.65	22.95	—	—	—
	—	43.03	41.21	—	—	—
	—	3.26	5.69	—	—	—
	—	3.26	5.69	—	—	—
	—	0.00	0.00	—	—	—
	—	187.25	183.88	—	—	—
Cash flow
	—	7.18	9.70	—	—	—
	—	-1.65	-8.94	—	—	—
	—	-7.78	1.52	—	—	—
	—	12.84	13.77	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +2.19%
Sales CAGR 5Y: —
Profit CAGR 3Y: -14.11%
Profit CAGR 5Y: —
Sales YoY (TTM): -2.33%
Profit YoY (TTM): -88.92%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -2.66%
Profit YoY (TTM): -88.88%

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: 71.34%

Quarter	September 2026	June 2026
Promoter %	71.34%	71.34%

Holder	Type	Holding	Previous	Change
ANJANA H. MOTWANI	Promoter	31.24%	—	—
KARAN HARESH MOTWANI	Promoter	29.22%	—	—
NIDHI HARESH MOTWANI	Promoter Group	10.88%	10.88%	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
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
HP Adhesives Limited	293	31.90	156.14	5.30%	-2.66% TTM	-88.88% TTM	-37.73%

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

Filings & corporate actions

Recent announcements

HP Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Un-audited financial results for ....1 Nov 2026 · Board Meeting / Board Meeting
HP Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Un-audited financial results for ....1 Nov 2026 · Board Meeting / Board Meeting
Submission of Certificate under Reg 74(5) for the quarter ended 30th September, 2026.13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
CARE Ratings Limited, vide its Press Release dated 9th October, 2026, reviewed and reaffirmed the Credit Rating to the Company.10 Oct 2026 · Company Update / Credit Rating
Closure of Trading Window for the quarter and half year ending 30th September, 2026.30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Receipt of Order-In-Original from Joint Commissioner of Customs (NS - I)27 Sep 2026 · Company Update / Award of Order / Receipt of Order
Voting Results and Scrutinizer''s Report of the 7th AGM.24 Sep 2026 · AGM/EGM / AGM
Outcome of the 7th AGM held on 22nd September, 2026 at 03:30 p.m.22 Sep 2026 · AGM/EGM / AGM
Newspaper Publication confirming dispatch of Annual Report for the FY 2025-26.1 Sep 2026 · Company Update / Newspaper Publication
Dispatch of letters to shareholders regarding Annual Report link and AGM Notice.31 Aug 2026 · Company Update / General
Dispatch of letters to shareholders whose email address are not registered with Company / RTA / DP''s.31 Aug 2026 · Others
Submission of 7th AGM notice.31 Aug 2026 · AGM/EGM / AGM
Notice of 7th AGM of the Company.31 Aug 2026 · Others
Record date for the 7th AGM - Tuesday, 15th September, 2026.31 Aug 2026 · Corp. Action / Record Date
Annual Report for the FY 2025-26.31 Aug 2026 · Others / Reg. 34 (1) Annual Report
Shareholders Meeting (7th AGM) on Tuesday, 22nd September, 2026 at 03:30 p.m. and Record date Intimation.31 Aug 2026 · AGM/EGM / AGM
Newspaper Publication of Information regarding 7th AGM of the Company.29 Aug 2026 · Company Update / Newspaper Publication
TDS deduction mail sent to shareholders of the Company for FY 2025-26.28 Aug 2026 · Company Update / General
Un-audited Financial Results for the quarter ended 30th June, 2026.15 Aug 2026 · Company Update / Newspaper Publication
Re-appointment of Ms. Nidhi Motwani as an Executive Director of the Company for a 2nd term of 3 consecutive years.13 Aug 2026 · Company Update / Change in Management
Outcome of the Board Meeting held on 13.08.202613 Aug 2026 · Result / Financial Results
Outcome of the Board Meeting and disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, ....13 Aug 2026 · Board Meeting / Outcome of Board Meeting
HP Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve the Un-audited financial results ....10 Aug 2026 · Board Meeting / Board Meeting
Submission of Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June, 2026.21 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Outcome of the Board meeting held on 13th July 2026.13 Jul 2026 · Others / Outcome without intimation
Intimation of Closure of Trading Window for the quarter ended 30th June, 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Company re-uploaded Annual Audited Financial results on BSE under ''Meeting Updates'' tab as those were not visible on BSE when originally uploaded on 12th May, 2026 (post Board Meeting)24 Jun 2026 · Company Update / General
Annual Audited Financial Results for the FY 2025-2623 Jun 2026 · Company Update / Meeting Updates
Annual Secretarial Compliance Report for the year ended 31st March 2026.28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Statement of Deviation or Variation for the quarter ended 31st March, 2026.19 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
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> ....15 May 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
We hereby confirm that HP Adhesives Limited does not fall under the category of ''Large Corporates'' .15 May 2026 · Company Update / General
Newspaper Publication - Audited Financial Results of the Company for the quarter and year ended 31st March 2026.14 May 2026 · Company Update / Newspaper Publication
Monitoring Agency Report dated 13th May, 2026 issued by ICICI Bank Limited, for the quarter ended 31st March, 2026.13 May 2026 · Company Update / Monitoring Agency Report
Corrigendum to Notes to the Standalone and Consolidated financial results for the quarter and year ended 31st March, 2026.13 May 2026 · Company Update / General
Recommended a final dividend for the FY 2025-26.12 May 2026 · Corp. Action / Dividend
Board recommended final dividend for the FY 2025-26.12 May 2026 · Corp Action / Dividend Updates
Approval of Audited financial Results for the quarter and year ended 31-03-2026; Recommended final dividend for the FY 2025-26.12 May 2026 · Board Meeting / Outcome of Board Meeting
To consider and recommend Final Dividend on the Equity Shares of the Company for the FY 2025-26, if any.6 May 2026 · Corp. Action / Dividend
HP Adhesives Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2026 ,inter alia, to consider and approve 1. Audited Standalone and Consolidated ....6 May 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.4000	15 Sep 2026	15 Sep 2026	—
Final Dividend - Rs. - 0.4000	23 Sep 2025	23 Sep 2025	—
Final Dividend - Rs. - 0.3000	13 Sep 2024	13 Sep 2024	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results