SPEB Adhesives Peer Comparison

NSE: SPEB

₹92.75

₹1.25 (1.37%)

As on 31-Aug-2026 13:44IST

Market cap

₹206 Cr

Revenue (TTM)

₹45 Cr

P/E Ratio

29.9

P/B Ratio

3.7

Div. Yield

0 %

Edit

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Market cap (₹ Cr)	206	1,053	372	316	180
Revenue (₹ Cr)	45	327	619	252	269
Net Profit (₹ Cr)	5.89	64.36	20.29	1.88	21.79
Net Margin (%)	12.94	18.98	3.27	0.74	7.97
RoE (%)	26.30	23.76	14.61	1.31	23.72
Price to Earnings	29.93	16.37	18.33	168.48	8.24
Price-To-Book	3.69	3.71	2.43	1.69	1.50

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Operating Revenue	44.79	284.12	584.59	252.87	284.82
Total Income	45.54	295.10	585.15	257.93	289.34
Total Expenditure	36.95	194.64	547.54	227.33	250.60
EBITDA	7.84	89.49	37.05	25.54	34.22
Depreciation	0.44	1.59	7.08	4.72	11.12
EBIT	7.41	87.90	29.97	20.82	23.10
Interest	0.02	0.09	8.12	2.15	6.15
Other Income	0.75	10.97	0.57	5.06	4.51
Exceptional Items	--	--	--	--	--
Profit before Tax	8.13	98.78	22.42	23.73	21.46
Provision for Tax	2.24	24.91	5.56	5.48	6.07
Profit after Tax	5.89	73.87	16.86	18.24	15.39

Liabilities (₹ Cr)

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Shareholder's Funds	25.36	229.26	129.78	184.28	91.72
Minority Interest	--	--	--	--	-0.62
Non-Current Liabilities	0.05	6.99	36.80	2.45	46.26
Current Liabilities	1.86	137.05	156.41	41.35	121.32
Total Liabilities	27.27	373.30	322.98	228.08	258.67

Assets (₹ Cr)

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Non-Current Assets	2.31	57.76	97.54	80.54	136.94
Current Assets	24.96	315.54	225.44	147.53	121.73
Total Assets	27.27	373.30	322.98	228.08	258.67
Total Debt*	0.00	0.00	56.44	5.69	105.58
Net Current Assets	23.10	178.49	69.03	106.19	0.42
Contingent Liabilities	0.02	--	0.17	2.98	1.25

Cashflow (₹ Cr)

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Cash From Operating Activities	-0.93	14.75	6.90	9.94	18.36
Cash Flow from Investing Activities	0.31	7.71	-10.29	-9.11	-49.13
Cash from Financing Activities	0.52	-10.87	-3.32	1.52	34.71
Net Cash Inflow / Outflow	-0.10	11.59	-6.71	2.36	3.93

Ratios

Profitability Ratios

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
ROCE (%)	36.37	54.64	17.40	14.40	16.16
ROE (%)	26.30	40.83	13.83	10.33	18.39
ROA (%)	24.58	22.22	5.45	8.57	6.78
EBIT Margin (%)	19.18	35.36	6.43	12.10	13.60
Net Margin (%)	12.94	25.03	2.88	7.07	5.32
Cash Profit Margin (%)	14.14	26.56	4.09	9.08	9.31

Growth Ratios

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Revenue Growth (%)	5.11	10.43	3.61	7.19	-6.36
EBIT Growth (%)	20.29	10.68	20.88	-10.18	8.04
Net Profit Growth (%)	19.40	10.07	27.23	-11.30	-6.20
EPS Growth (%)	19.39	10.07	27.23	-11.91	-6.30
Book Value Growth (%)	30.28	42.18	13.85	9.11	21.19

Valuation Ratios

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Price / Earnings	0.00	19.90	23.77	24.37	11.19
Price / Book Value	0.00	6.92	3.09	2.40	1.88
Dividend Yield (%)	--	0.73	0.25	0.83	0.00
EV/EBITDA	0.33	13.11	12.00	14.49	7.01
Market Cap (₹ Cr)	0.00	1,469.75	400.73	442.27	171.98

Solvency Ratios

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Debt to Equity	0.00	0.00	0.43	0.03	1.15
Short term debt to equity ratio	--	--	0.18	0.03	0.72
Current Ratio	13.42	2.30	1.44	3.57	1.00
Quick Ratio	12.13	2.25	0.88	2.20	0.46
Interest Coverage	424.57	1,107.21	3.76	12.03	4.49

Operating Efficiency Ratios

	SPEB Adhesives	Jyoti Resins	Nikhil Adhesives	HP Adhesives	Hindustan Adhesive
Debtors to sales (%)	15.31	44.19	19.38	16.51	9.57
Asset Turnover	1.87	0.85	1.89	1.19	1.26
Receivable days	53.17	141.01	66.80	56.46	43.02
Inventory Days	22.31	7.59	51.22	75.19	66.35
Payable days	10.27	60.51	76.71	44.79	71.47
Cash Conversion Cycle	65.21	88.09	41.31	86.86	37.91

Annual
Quarterly