HP Adhesives Ltd
HP Adhesives Ltd (HPAL) last reported results for the quarter ended Jun 2026, with sales of ₹63.42 crore and net profit of ₹-0.91 crore. The stock last traded at ₹34.7, a market capitalisation of ₹319 crore, on a P/E of 133. Over the past 52 weeks the stock has ranged between ₹26.3 and ₹53. Figures are as of 6 Oct 2026 and are not real time.
HP Adhesives Ltd share price and key metrics
- Current price
- ₹34.7
- Market cap
- ₹319 cr
- Stock P/E
- 133
- Book value
- ₹20.4
- ROE
- 3.97%
- ROCE
- 5.52%
- Dividend yield
- 1.16%
- 52w high / low
- 53.0/26.3
Metrics as of 6 Oct 2026. Not real time.
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HP Adhesives Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -4%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -85%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -29%
- 1 Year
- -30%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 8%
- Last Year
- 4%
HP Adhesives Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹63.42 cr, down 4.1% from ₹66.1 cr a year earlier. Net profit swung to a loss of ₹0.91 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 58.93 | 66.65 | 66.16 | 66.1 | 65.06 | 61.97 | 57.82 | 63.42 |
| Expenses | 52.4 | 60.4 | 61.06 | 59.58 | 58.69 | 58.02 | 61.58 | 63.75 |
| Operating profit | 6.53 | 6.25 | 5.1 | 6.52 | 6.37 | 3.95 | -3.76 | -0.33 |
| OPM % | 11.08% | 9.38% | 7.71% | 9.86% | 9.79% | 6.37% | -6.50% | -0.52% |
| Other income | 0.19 | 1.32 | 1.53 | 1.1 | 0.52 | 0.44 | 0.73 | 1.06 |
| Interest | 0.51 | 0.58 | 0.59 | 0.64 | 0.63 | 0.64 | 0.75 | 0.81 |
| Depreciation | 1.16 | 1.18 | 1.25 | 1.41 | 1.45 | 1.51 | 1.46 | 1.27 |
| Profit before tax | 5.05 | 5.81 | 4.79 | 5.57 | 4.81 | 2.24 | -5.24 | -1.35 |
| Tax % | 17.43% | 27.71% | 25.05% | 24.60% | 26.20% | 27.68% | -54.58% | -33.33% |
| Net profit | 4.17 | 4.21 | 3.59 | 4.19 | 3.53 | 1.62 | -2.37 | -0.91 |
| EPS (₹) | 0.45 | 0.46 | 0.39 | 0.46 | 0.38 | 0.18 | -0.26 | -0.10 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
HP Adhesives Ltd annual results
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 236 | 250 | 249 | 248 |
| Operating profit | 31 | 26 | 13 | 6 |
| OPM % | 13% | 10% | 5% | 2.5% |
| Net profit | 21 | 18 | 7 | 2 |
| EPS (₹) | 2.24 | 1.99 | 0.76 | 0.20 |
TTM is the trailing twelve months to the most recent quarter.
HP Adhesives Ltd balance sheet
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 18 | 18 | 18 |
| Reserves | 151 | 166 | 169 |
| Borrowings | 3 | 8 | 4 |
| Other liabilities | 26 | 36 | 40 |
| Total liabilities | 198 | 228 | 232 |
| Fixed assets | 52 | 73 | 73 |
| CWIP | 16 | 4 | 5 |
| Investments | 18 | 25 | 22 |
| Other assets | 111 | 126 | 133 |
| Total assets | 198 | 228 | 232 |
As reported by the company. Total assets equal total liabilities by construction.
HP Adhesives Ltd cash flow
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | 22 | 17 | 7 |
| Cash from investing | -15 | -16 | -2 |
| Cash from financing | -6 | 2 | -8 |
| Net cash flow | 0 | 2 | -2 |
| Free cash flow | 5 | 3 | -6 |
| CFO / operating profit | 94% | 92% | 82% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
HP Adhesives Ltd operating ratios
| Per year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | — | 14% | 6% |
| Debtor days | 56 | 61 | 55 |
| Inventory days | 118 | 132 | 120 |
| Days payable | 40 | 54 | 66 |
| Cash conversion cycle | 134 | 139 | 109 |
| Working capital days | 106 | 97 | 118 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
HP Adhesives Ltd shareholding pattern
Promoters held 71.35% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.01% and DIIs 0.00%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% | 71.35% |
| FIIs | 0.10% | 0.03% | 0.16% | 0.04% | 0.02% | 0.01% | 0.02% | 0.01% |
| DIIs | 3.28% | 2.86% | 2.82% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 25.28% | 25.76% | 25.66% | 27.27% | 28.63% | 28.64% | 28.63% | 28.64% |
| No. of shareholders | 56,369 | 56,881 | 57,835 | 57,430 | 57,134 | 55,426 | 53,662 | 52,585 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
HP Adhesives Ltd corporate filings
- HP Adhesives Limited reaffirmed its long-term credit rating at CARE BBB with a stable outlook, amounting to ₹38 crore, indicating maintained creditworthiness amidst ongoing financial challenges.Company Updatemedium impact
Cruxal's analysis: HP Adhesives Limited announced on 10th October 2026 that CARE Ratings has reaffirmed its…
Read the full analysis - Closure of Trading Window for the quarter and half year ending 30th September, 2026.Insider Trading / SASTlow impact
- HP Adhesives Limited Receives Customs Order-in-Original for Anti-Dumping Duty LiabilityCompany Updatemedium impact
Cruxal's analysis: HP Adhesives Limited has received an Order-in-Original from the Joint Commissioner of…
Read the full analysis - HP Adhesives Limited Announces Successful Conclusion of 7th AGM and Approval of Final DividendAGM/EGMlow impact
Cruxal's analysis: HP Adhesives Limited has successfully concluded its 7th Annual General Meeting held on…
Read the full analysis - HP Adhesives Limited Concludes 7th AGM; Declares Final Dividend of 0.40 INR per ShareAGM/EGMlow impact
Cruxal's analysis: HP Adhesives Limited has successfully concluded its 7th Annual General Meeting, where…
Read the full analysis - HP Adhesives Ltd confirms dispatch of Annual Report for FY 2025-26Company Updatelow impact
Cruxal's analysis: HP Adhesives Ltd has issued a newspaper publication confirming the completion of the…
Read the full analysis - HP Adhesives Limited schedules 7th Annual General Meeting for September 22, 2026Company Updatelow impact
Cruxal's analysis: HP Adhesives Limited has issued a formal notice regarding its 7th Annual General Meeting…
Read the full analysis - HP Adhesives Ltd dispatches letters to shareholders for email registrationOtherslow impact
Cruxal's analysis: HP Adhesives Ltd has initiated the dispatch of letters to shareholders whose email…
Read the full analysis - HP Adhesives Limited Announces 7th AGM for September 22, 2026, Proposes Final Dividend of INR 0.40 per ShareOtherslow impact
Cruxal's analysis: HP Adhesives Limited has scheduled its 7th Annual General Meeting for September 22, 2026…
Read the full analysis - HP Adhesives Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: HP Adhesives Ltd has filed its Annual Report for the financial year 2025-26. The…
Read the full analysis - HP Adhesives Limited schedules 7th Annual General Meeting for 22nd September 2026 and sets dividend record dateAGM/EGMlow impact
Cruxal's analysis: HP Adhesives Limited has formally announced that its 7th Annual General Meeting will be…
Read the full analysis - HP Adhesives Limited announces 7th Annual General Meeting (AGM) scheduled for September 22, 2026Company Updatelow impact
Cruxal's analysis: HP Adhesives Limited has issued a formal intimation regarding its 7th Annual General…
Read the full analysis - HP Adhesives Limited issues tax deduction intimation for previously declared dividend of INR 0.40 per shareCompany Updatelow impact
Cruxal's analysis: HP Adhesives Limited has issued a formal communication to shareholders regarding the Tax…
Read the full analysis - HP Adhesives Limited announces financial results for the quarter ended 30th June 2026Company Updatelow impact
Cruxal's analysis: HP Adhesives Limited has formally intimated the publication of its unaudited financial…
Read the full analysis - HP Adhesives reports Q1 FY27 net loss of 2.37 crore amid operational disruptions and fire-related costsBoard Meetinghigh impact
Cruxal's analysis: HP Adhesives Limited reported a consolidated net loss of 2.37 crore for the quarter ended…
Read the full analysis - HP Adhesives Limited schedules Board Meeting for 13th August 2026 to approve Q1 FY27 financial resultsBoard Meetinglow impact
Cruxal's analysis: HP Adhesives Limited has formally intimated the stock exchanges regarding a Board of…
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