HP Adhesives Key Ratios
NSE: HPAL | BSE: 543433
₹34.63
As on 27-Aug-2026IST
Market cap
₹320 Cr
Revenue (TTM)
₹252 Cr
P/E Ratio
170.6
P/B Ratio
1.7
Div. Yield
1.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 9.76 | -4.23 | -2.04 | 2.85 | 24.35 |
| EBIT | 71.54 | -128.29 | -96.90 | -68.65 | 54.78 |
| Net Profit | 64.96 | -119.82 | -85.35 | -45.81 | 42.00 |
| EPS | 64.96 | -119.82 | -88.91 | -49.32 | 36.10 |
| Book Value | -- | -- | 8.87 | 10.22 | 120.70 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 8.63 | 7.82 | 0.21 | 8.23 | 11.19 |
| Net Margin
| 6.72 | 6.37 | 0.74 | 7.07 | 8.60 |
| Return on equity
| 10.23 | 34.31 | 1.31 | 10.33 | 12.18 |
| Return on Capital
| 14.71 | 17.86 | -- | 14.40 | 17.71 |
| Return on Assets
| 8.30 | 8.66 | 0.82 | 8.57 | 10.41 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.03 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
14.40
|
17.71
|
--
|
--
|
|
Peer Median
|
--
|
21.69
|
23.10
|
26.48
|
--
|
ROE
1.31
Lower than Peers by 18.59
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.31
|
10.33
|
12.18
|
--
|
--
|
|
Peer Median
|
19.90
|
17.81
|
18.21
|
20.22
|
--
|
ROA
0.82
Lower than Peers by 7.41
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.82
|
8.57
|
10.41
|
--
|
--
|
|
Peer Median
|
8.22
|
10.77
|
7.43
|
8.33
|
--
|
EBIT Margin
0.21
Lower than Peers by 8.25
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.21
|
8.23
|
11.19
|
--
|
--
|
|
Peer Median
|
8.45
|
20.20
|
19.10
|
4.86
|
--
|
Net Margin
0.74
Lower than Peers by 5.56
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.74
|
7.07
|
8.60
|
--
|
--
|
|
Peer Median
|
6.30
|
6.63
|
3.65
|
3.57
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
9.08
|
10.54
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-2.41
Lower than Peers by 7.59
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-2.41
|
7.19
|
--
|
--
|
--
|
|
Peer Median
|
5.18
|
9.62
|
4.95
|
48.91
|
--
|
EBIT Growth
-97.32
Lower than Peers by 108.61
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-97.32
|
-21.13
|
--
|
--
|
--
|
|
Peer Median
|
11.28
|
12.20
|
63.73
|
39.72
|
--
|
Net Profit Growth
-85.35
Lower than Peers by 99.55
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-85.35
|
-11.30
|
--
|
--
|
--
|
|
Peer Median
|
14.20
|
19.87
|
89.38
|
36.29
|
--
|
EPS Growth
-88.91
Lower than Peers by 92.27
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-88.91
|
-11.91
|
--
|
--
|
--
|
|
Peer Median
|
3.36
|
17.66
|
34.62
|
31.58
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
9.11
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
0.03
|
0.00
|
--
|
--
|
|
Peer Median
|
0.00
|
0.16
|
0.09
|
0.32
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
0.03
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.58
Higher than Peers by 1.55
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
3.58
|
3.57
|
4.63
|
--
|
--
|
|
Peer Median
|
2.02
|
2.15
|
1.89
|
1.21
|
--
|
Quick Ratio
2.41
Higher than Peers by 0.88
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
2.41
|
2.20
|
2.83
|
--
|
--
|
|
Peer Median
|
1.53
|
2.20
|
2.10
|
0.92
|
--
|
Interest Coverage
1.16
Lower than Peers by 4.00
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.16
|
12.03
|
15.96
|
--
|
--
|
|
Peer Median
|
5.15
|
11.97
|
7.56
|
6.76
|
--
|
Operating Efficiency
Debtors to sales
14.80
Higher than Peers by 0.51
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
14.80
|
16.51
|
15.46
|
--
|
--
|
|
Peer Median
|
14.30
|
19.37
|
17.85
|
14.42
|
--
|
Asset Turnover
1.09
Lower than Peers by 0.08
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.09
|
1.19
|
1.19
|
--
|
--
|
|
Peer Median
|
1.18
|
2.22
|
1.91
|
2.45
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
56.46
|
56.44
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
75.19
|
73.79
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
44.79
|
39.50
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
86.86
|
90.73
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
170.58
Higher than Peers by 149.82
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
170.58
|
24.37
|
42.61
|
--
|
--
|
|
Peer Median
|
20.77
|
25.66
|
30.51
|
50.45
|
--
|
Price / Book Value
1.71
Lower than Peers by 0.55
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.71
|
2.40
|
5.20
|
--
|
--
|
|
Peer Median
|
2.27
|
3.68
|
5.40
|
7.31
|
--
|
Dividend Yield
1.15
Higher than Peers by 0.15
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.15
|
0.83
|
0.31
|
--
|
--
|
|
Peer Median
|
1.00
|
--
|
--
|
--
|
--
|
EV/EBITDA
32.24
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
32.24
|
14.49
|
25.52
|
--
|
--
|
|
Peer Median
|
--
|
17.09
|
29.08
|
63.93
|
--
|
Market Cap
320
Higher than Peers by 1
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
HP Adhesives
|
320
|
442
|
878
|
--
|
--
|
|
Peer Median
|
319
|
169
|
200
|
687
|
--
|