Nikhil Adhesives Ltd.

BSE: NIKHILAD526159ISIN INE926C01022

Commodities
Specialty Chemicals

Share price

₹63.46-1.73 (-2.65%)

as of 4 Nov 2026

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

52W high: ₹114.85
52W low: ₹56.78
Off 52W high: -44.75%
1M return: -19.68%
3M return: -14.74%
6M return: -27.81%
1Y return: -43.89%
20D avg volume: 22,278
50 DMA: ₹76.72
200 DMA: ₹76.22

Key ratios Standalone

Market cap: ₹291.55 Cr
Current price: ₹63.46
52W high / low: ₹114.85 / ₹56.78
Face value: ₹1.00
P/E: 13.62
P/B: 2.37
EPS (TTM): ₹4.66
Book value / share: ₹26.78
ROE: 17.37%
ROCE: 17.90%
Operating margin: 6.92%
Net margin: 3.88%
Debt / equity: 0.45
Net debt: ₹63.46 Cr
Interest cover: 4.71
Dividend yield: 0.35%
Dividend / share (TTM): ₹0.22
Payout: 4.72%
Cash conversion cycle: 95.3 days

Financials

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
	188.59	165.96	133.07	131.05	123.47	141.52	134.21	147.69	161.17	148.02	130.29	143.81
	0.19	0.25	0.80	1.11	0.11	0.13	0.19	0.12	0.12	0.10	0.05	0.07
	188.78	166.20	133.88	132.16	123.58	141.65	134.41	147.81	161.29	148.12	130.34	143.88
	179.20	157.91	128.77	126.29	118.91	135.84	129.67	142.05	155.17	142.98	126.17	139.35
	146.52	102.72	98.43	100.51	89.37	97.93	99.92	110.41	112.86	108.00	99.32	103.89
	3.41	15.48	0.00	0.00	3.07	11.42	0.40	2.80	17.69	16.05	3.10	12.97
	7.38	6.92	6.66	7.17	6.58	6.29	6.18	6.25	5.34	4.90	4.75	4.64
	1.58	1.41	1.51	1.62	1.81	2.04	2.13	2.05	1.90	2.09	1.77	1.60
	1.88	1.79	1.87	1.87	2.00	1.77	1.92	1.71	1.68	1.76	1.67	1.49
	23.85	25.40	17.65	17.89	16.18	16.66	16.92	14.68	14.62	14.99	13.39	11.49
	9.58	8.29	5.10	5.87	4.67	5.81	4.73	5.76	6.12	5.14	4.17	4.52
	0.00	0.00	-0.37	0.00	0.00	0.00	—	—	—	—	—	—
	9.58	8.29	4.74	5.87	4.67	5.81	4.73	5.76	6.12	5.14	4.17	4.52
	2.25	2.01	1.22	1.60	1.10	1.59	1.23	1.17	1.56	1.38	1.21	1.07
	7.33	6.28	3.52	4.28	3.57	4.22	3.50	4.59	4.55	3.76	2.96	3.46
	1.59	1.37	0.76	0.93	0.78	0.92	0.76	1.00	0.99	0.82	0.65	0.75
Key metrics
	13.04	11.49	8.12	9.36	8.48	9.62	8.78	9.52	9.70	8.99	7.61	7.61
	6.90%	6.90%	6.10%	7.10%	6.90%	6.80%	6.50%	6.40%	6.00%	6.10%	5.80%	5.30%
	3.90%	3.80%	2.60%	3.30%	2.90%	3.00%	2.60%	3.10%	2.80%	2.50%	2.30%	2.40%
	—	5.80%	—	4.60%	—	4.70%	—	—	—	—	—	—
	52.70%	17.30%	-0.80%	-11.30%	-23.40%	-4.40%	3.00%	2.70%	—	—	—	—
	105.30%	48.80%	0.60%	-6.80%	-21.50%	12.20%	18.20%	32.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	618.67	553.55	584.59	564.19	743.46	813.74
	2.35	2.27	0.57	0.35	0.47	0.58
	621.02	555.82	585.15	564.54	743.94	814.32
	592.17	531.88	562.74	546.62	720.39	780.33
	448.18	391.04	421.13	421.45	502.28	559.64
	18.89	18.55	32.31	38.78	128.24	165.07
	28.13	27.34	24.05	19.06	19.07	13.61
	6.12	6.35	8.12	6.96	6.31	5.90
	7.41	7.53	7.08	6.23	5.21	4.11
	84.79	77.13	62.89	52.35	58.03	46.19
	28.84	23.94	22.42	17.93	23.55	33.99
	-0.37	-0.37	0.00	—	—	—
	28.48	23.57	22.42	17.93	23.55	33.99
	7.08	6.21	5.56	4.68	6.50	8.73
	21.41	17.36	16.86	13.25	17.04	25.26
	4.65	3.78	3.67	2.88	3.71	54.99
Key metrics
	42.01	37.45	37.62	31.12	35.07	44.00
	6.79%	6.80%	6.40%	5.50%	4.70%	5.40%
	3.46%	3.10%	2.90%	2.30%	2.30%	3.10%
	—	17.90%	18.30%	—	—	—
	13.13%	-5.30%	3.60%	-24.10%	-8.60%	—
	34.82%	3.00%	27.20%	-22.20%	-32.50%	—
	—	-3.61	-4.14	—	—	—
	—	0.01	0.41	—	—	—
	—	0.45	0.44	—	—	—
	—	63.46	52.13	—	—	—
	—	95.3	71.0	—	—	—
Balance sheet
	—	334.18	322.97	—	—	—
	—	240.40	225.44	—	—	—
	—	2.40	4.32	—	—	—
	—	159.13	113.26	—	—	—
	—	54.28	88.10	—	—	—
	—	6.39	5.87	—	—	—
	—	91.07	91.32	—	—	—
	—	68.83	87.61	—	—	—
	—	167.39	156.40	—	—	—
	—	65.86	56.45	—	—	—
	—	55.55	31.61	—	—	—
	—	10.31	24.84	—	—	—
	—	145.63	129.77	—	—	—
Cash flow
	—	0.19	6.90	—	—	—
	—	-3.18	-10.29	—	—	—
	—	1.08	-3.32	—	—	—
	—	3.80	11.04	—	—	—

Compounded growth

Sales CAGR 3Y: -9.36%
Sales CAGR 5Y: —
Profit CAGR 3Y: +0.62%
Profit CAGR 5Y: —
Sales YoY (TTM): +13.13%
Profit YoY (TTM): +34.82%

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: 54.47%

Quarter	September 2026	June 2026
Promoter %	54.47%	54.47%

Holder	Type	Holding	Previous	Change
VASANT POLYMERS & CHEMICALS PVT. LTD.	Public	10.96%	10.96%	0.00%
REKHA TARAK SANGHAVI	Promoter	10.55%	10.55%	0.00%
MRUNALINI RAJENDRA SANGHAVI	Promoter	10.36%	10.36%	0.00%
ANITA UMESH SANGHAVI	Promoter	8.54%	8.54%	0.00%
AJAY DILKUSH SARUPRIA	Public	4.31%	4.31%	0.00%
HEMAL UMESH SANGHAVI	Promoter	2.99%	2.99%	0.00%
NIKHIL UMESH SANGHAVI	Promoter	2.99%	2.99%	0.00%
RAJENDRA JAYANTILAL SANGHAVI	Promoter	2.61%	2.61%	0.00%
TARAK JAYANTILAL SANGHAVI	Promoter	2.45%	2.45%	0.00%
UMESH JAYANTILAL SHANGHAVI	Promoter	2.08%	2.08%	0.00%
JANKI TARAK SANGHAVI	Promoter	1.80%	1.80%	0.00%
TULSI RAJENDRA SANGHAVI	Promoter	1.80%	1.80%	0.00%
AVNI VINIT BHUVA	Promoter	1.80%	1.80%	0.00%
AMI TARAK SANGHAVI	Promoter	1.80%	1.80%	0.00%
Charandeep Singh	Public	1.59%	1.59%	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%
Nikhil Adhesives Ltd. S	292	63.46	13.62	17.90%	+13.13% TTM	+34.82% TTM	-43.89%

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

Filings & corporate actions

Recent announcements

Nikhil Adhesives Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2026 ,inter alia, to consider and approve This is to inform you that ....4 Nov 2026 · Board Meeting / Board Meeting
Newspaper publication of the Notice to shareholders regarding Transfer of Equity Shares to the Investor Education and Protection Fund ("IEPF").28 Oct 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 74(5) of SEBI (Depositories and participants)Regulations, 2018.9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window for Quarter ended September 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure of Voting results of 40th AGM of Nikhil Adhesives Limited held on Tuesday, 22nd September 202624 Sep 2026 · AGM/EGM / AGM
Proceedings of the 40th Annual General Meeting of the Company for FY 2025-2622 Sep 2026 · AGM/EGM / AGM
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Rquirements)Regulations, 2015.1 Sep 2026 · Company Update / General
Newspaper advertisement regarding E-voting information of 40th Annual General Meeting.1 Sep 2026 · Company Update / Newspaper Publication
Newspaper advertisement regarding E-voting information of 40th Annual General Meeting.1 Sep 2026 · Company Update / Newspaper Publication
Pursuant to Regulations 31(4) Integrated Annual Report for FY 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
The following dates have been fixed in connection with its 40th Annual General Meeting and for the payment of Dividend for the F.Y. 2025-2631 Aug 2026 · Corp. Action / Record Date
The following date have been fixed in connection with its 40th Annual General Meeting and for the payment of the dividend for the FY 2025-2631 Aug 2026 · Corp. Action / Book Closure
We wish to inform you that the 40th Annual General Meeting of the members of the company will be held on Tuesday, 22nd September, 2026 at 3:00 p.m. IST through Video Conferencing/ Other ....31 Aug 2026 · AGM/EGM / AGM
Pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, Please find enclosed herewith the advertisement being published in English ....20 Aug 2026 · Company Update / Newspaper Publication
Newspaper Advertisement for Unaudited Financial Results for the quarter ended on 30 June, 202617 Aug 2026 · Company Update / Newspaper Publication
The Board of Directors of the Company have recommended to the Shareholders the Appointment of M/s Deepika Mishra & Associates, Practising Company Secretaries, as a Secretarial Auditors ....13 Aug 2026 · Company Update / Change in Management
Unaudited Standalone Financial Results for the quarter ended 30th June, 202613 Aug 2026 · Result / Financial Results
Pursuant to regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors ....13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Nikhil Adhesives Ltd-has 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 This is to inform you that ....7 Aug 2026 · Board Meeting / Board Meeting
Newspaper publication regarding special window for transfer and dematerialisation(Demat) of physical shares.4 Aug 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201811 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for closure of Trading window for the quarter ended 30th June, 202626 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report for the year ended on 31st March 202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Advertisement for Audited Financial Results for Quarter & Financial Year ended on 31st March 202629 May 2026 · Company Update / Newspaper Publication
Re-appointment of Whole Time Directors, Managing director, Internal and Cost Auditors27 May 2026 · Company Update / Change in Management
Outcome of Board Meeting held on 27th May 202627 May 2026 · Result / Financial Results
Pursuant to Regulation 30 and 33 of the Listing Regulations read with Schedule III to the Listing Regulations and the relevant circular, we would like to inform you that the Board of Directors ....27 May 2026 · Board Meeting / Outcome of Board Meeting
Nikhil Adhesives Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Intimation of Board Meeting ....19 May 2026 · Board Meeting / Board Meeting
Disclosure under reg 74(5) of SEBI( Depositories and participants)201813 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication for Form DPT-11 Apr 2026 · Company Update / Newspaper Publication
Intimation for closure of trading window for the financial year ending on 31st March ,202627 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement for Unaudited Financial Results for the quarter ended on 31st December, 202516 Feb 2026 · Company Update / Newspaper Publication
Unaudited financial Results for the quarter ended 31st December, 2025 along with the Limited Review Report13 Feb 2026 · Result / Financial Results
Pursuant to regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors ....13 Feb 2026 · Board Meeting / Outcome of Board Meeting
Nikhil Adhesives Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve a. To consider and approve ....4 Feb 2026 · Board Meeting / Board Meeting
Disclosure under reg 74(5) of SEBI (Depositories and Participants) Regulations, 201812 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for closure of trading window quarter ending on 31st December 202529 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement for Unaudited Financial Results for the Financial Results for the quarter and half year ended on September 30, 2025.15 Nov 2025 · Company Update / Newspaper Publication
Corrigendum to the Outcome of Board meeting held on Thursday, November 13, 202514 Nov 2025 · Company Update / General
Unaudited Standalone Financial Results for the quarter and half year ended 30th September, 2025 along with Limited Review Report.13 Nov 2025 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.2200	15 Sep 2026	15 Sep 2026	—
Final Dividend - Rs. - 0.2200	16 Sep 2025	16 Sep 2025	—
Final Dividend - Rs. - 0.2000	19 Sep 2024	19 Sep 2024	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results