HP Adhesives Key Ratios
NSE: HPAL | BSE: 543433
₹33.48
As on 05-Nov-2026IST
Market cap
₹308 Cr
Revenue (TTM)
₹252 Cr
P/E Ratio
164
P/B Ratio
1.6
Div. Yield
1.2 %
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 | 16.05 |
| EBIT | 71.54 | -128.29 | -96.90 | -68.65 | -6.24 |
| Net Profit | 64.96 | -119.82 | -85.35 | -45.81 | -7.31 |
| EPS | 64.96 | -119.82 | -88.91 | -49.32 | -13.51 |
| Book Value | -- | -- | 1.83 | 8.09 | 59.94 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| -- | 6.76 | 0.21 | 2.91 | 8.53 |
| Net Margin
| -- | 5.31 | 0.74 | 2.76 | 7.17 |
| Return on equity
| -- | 8.48 | 1.31 | 3.75 | 10.33 |
| Return on Capital
| -- | 12.07 | -- | 5.27 | 14.40 |
| Return on Assets
| -- | 6.43 | 0.82 | 3.04 | 8.57 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.02 | 0.03 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
5.27
|
14.40
|
17.71
|
--
|
|
Peer Median
|
--
|
14.24
|
21.69
|
23.10
|
--
|
ROE
1.31
Lower than Peers by 18.60
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.31
|
3.75
|
10.33
|
12.18
|
--
|
|
Peer Median
|
19.92
|
13.97
|
17.81
|
18.21
|
--
|
ROA
0.82
Lower than Peers by 7.51
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.82
|
3.04
|
8.57
|
10.41
|
--
|
|
Peer Median
|
8.32
|
6.30
|
10.77
|
7.43
|
--
|
EBIT Margin
0.21
Lower than Peers by 8.98
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.21
|
2.91
|
8.53
|
11.19
|
--
|
|
Peer Median
|
9.19
|
22.00
|
20.20
|
19.10
|
--
|
Net Margin
0.74
Lower than Peers by 5.65
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
0.74
|
2.76
|
7.17
|
8.60
|
--
|
|
Peer Median
|
6.38
|
5.47
|
6.63
|
3.65
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
5.14
|
9.19
|
10.54
|
--
|
|
Peer Median
|
--
|
0.00
|
--
|
--
|
--
|
Revenue Growth
-2.41
Lower than Peers by 7.78
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-2.41
|
-0.21
|
5.89
|
--
|
--
|
|
Peer Median
|
5.37
|
14.84
|
9.62
|
4.95
|
--
|
EBIT Growth
-97.32
Lower than Peers by 108.63
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-97.32
|
-65.94
|
-19.30
|
--
|
--
|
|
Peer Median
|
11.31
|
26.90
|
12.20
|
63.73
|
--
|
Net Profit Growth
-85.35
Lower than Peers by 100.21
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-85.35
|
-61.76
|
-11.30
|
--
|
--
|
|
Peer Median
|
14.86
|
24.37
|
19.87
|
89.38
|
--
|
EPS Growth
-88.91
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
-88.91
|
-60.65
|
-11.91
|
--
|
--
|
|
Peer Median
|
--
|
33.16
|
17.66
|
34.62
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
1.88
|
9.11
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
0.02
|
0.03
|
0.00
|
--
|
|
Peer Median
|
0.00
|
0.43
|
0.16
|
0.09
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
0.02
|
0.03
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.58
Higher than Peers by 1.50
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
3.58
|
3.58
|
3.57
|
4.63
|
--
|
|
Peer Median
|
2.08
|
2.04
|
2.15
|
1.89
|
--
|
Quick Ratio
2.41
Higher than Peers by 0.85
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
2.41
|
2.41
|
2.20
|
2.83
|
--
|
|
Peer Median
|
1.56
|
2.59
|
2.20
|
2.10
|
--
|
Interest Coverage
1.16
Lower than Peers by 4.16
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.16
|
3.77
|
12.03
|
15.96
|
--
|
|
Peer Median
|
5.32
|
4.96
|
11.97
|
7.56
|
--
|
Operating Efficiency
Debtors to sales
14.80
Higher than Peers by 0.40
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
14.80
|
14.95
|
16.71
|
15.46
|
--
|
|
Peer Median
|
14.40
|
37.17
|
19.37
|
17.85
|
--
|
Asset Turnover
1.09
Lower than Peers by 0.07
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.09
|
1.08
|
1.17
|
1.19
|
--
|
|
Peer Median
|
1.17
|
2.35
|
2.22
|
1.91
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
57.84
|
57.15
|
56.44
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
78.34
|
76.12
|
73.79
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
60.06
|
45.67
|
39.50
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
--
|
76.12
|
87.60
|
90.73
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
164.02
Higher than Peers by 141.93
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
164.02
|
34.59
|
24.37
|
42.61
|
--
|
|
Peer Median
|
22.09
|
22.17
|
25.66
|
30.51
|
--
|
Price / Book Value
1.65
Lower than Peers by 0.26
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.65
|
1.32
|
2.40
|
5.20
|
--
|
|
Peer Median
|
1.91
|
2.16
|
3.68
|
5.40
|
--
|
Dividend Yield
1.19
Higher than Peers by 0.16
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
1.19
|
1.49
|
0.83
|
0.31
|
--
|
|
Peer Median
|
1.03
|
--
|
--
|
--
|
--
|
EV/EBITDA
30.98
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
30.98
|
14.51
|
14.15
|
25.52
|
--
|
|
Peer Median
|
--
|
18.35
|
17.09
|
29.08
|
--
|
Market Cap
308
Higher than Peers by 15
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
HP Adhesives
|
308
|
247
|
442
|
878
|
--
|
|
Peer Median
|
293
|
175
|
169
|
200
|
--
|