Nikhil Adhesives Peer Comparison

BSE: 526159

₹69.12

₹5.66 (8.92%)

As on 05-Nov-2026IST

Market cap

₹318 Cr

Revenue (TTM)

₹619 Cr

P/E Ratio

15.6

P/B Ratio

2.1

Div. Yield

0.3 %

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	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Market cap (₹ Cr)	318	1,069	308	190	169
Revenue (₹ Cr)	619	327	252	269	51
Net Profit (₹ Cr)	20.29	64.36	1.88	21.79	6.87
Net Margin (%)	3.27	18.98	0.74	7.97	13.35
RoE (%)	14.61	23.76	1.31	23.72	16.93
Price to Earnings	15.65	16.61	164.02	8.70	24.62
Price-To-Book	2.08	3.77	1.65	1.59	3.03

Income Statement (₹ Cr)

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Operating Revenue	553.47	314.74	249.28	255.57	50.57
Total Income	555.82	326.31	252.87	260.35	51.44
Total Expenditure	518.04	229.74	236.19	219.47	41.48
EBITDA	35.43	85.00	13.08	36.10	9.08
Depreciation	7.53	1.92	5.83	11.95	0.62
EBIT	27.91	83.08	7.26	24.15	8.47
Interest	6.35	0.13	2.67	7.50	0.05
Other Income	2.35	11.58	3.60	4.78	0.87
Exceptional Items	-0.33	--	-0.81	-1.51	--
Profit before Tax	23.57	94.52	7.38	19.92	9.29
Provision for Tax	6.21	24.54	0.40	5.02	2.43
Profit after Tax	17.36	69.98	6.98	14.89	6.87

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Shareholder's Funds	145.63	288.77	187.75	108.85	55.75
Minority Interest	--	--	--	-0.62	--
Non-Current Liabilities	19.45	8.18	0.69	41.35	0.10
Current Liabilities	171.56	128.65	43.09	141.84	2.12
Total Liabilities	336.64	425.59	232.10	292.04	57.97

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Non-Current Assets	93.24	59.42	77.38	168.04	16.63
Current Assets	243.39	366.17	154.14	123.99	41.34
Total Assets	336.64	425.59	232.10	292.04	57.97
Total Debt*	65.86	0.00	3.26	102.16	-0.01
Net Current Assets	71.83	237.53	111.05	-17.85	39.21
Contingent Liabilities	0.09	0.12	2.97	44.64	0.03

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Cash From Operating Activities	-0.48	48.06	7.08	31.13	4.74
Cash Flow from Investing Activities	-3.11	-37.45	-1.55	-19.43	-10.51
Cash from Financing Activities	1.72	-10.90	-7.78	-11.25	24.03
Net Cash Inflow / Outflow	-1.87	-0.28	-2.25	0.45	18.27

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
ROCE (%)	15.05	39.08	5.27	13.43	23.03
ROE (%)	12.61	28.89	3.75	14.85	16.93
ROA (%)	5.26	17.52	3.04	5.41	16.11
EBIT Margin (%)	6.83	30.68	6.69	15.99	19.69
Net Margin (%)	3.12	21.45	2.76	5.72	13.35
Cash Profit Margin (%)	4.48	22.84	5.14	10.50	14.80

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Revenue Growth (%)	-5.32	10.77	-0.21	-10.27	12.71
EBIT Growth (%)	0.44	-3.87	-45.48	5.54	11.68
Net Profit Growth (%)	2.97	-5.27	-61.76	-3.21	13.40
EPS Growth (%)	2.97	-5.27	-60.65	10.62	-11.11
Book Value Growth (%)	12.22	28.01	1.88	18.67	119.83

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Price / Earnings	16.49	12.07	34.59	8.41	16.72
Price / Book Value	1.97	3.10	1.32	1.31	2.06
Dividend Yield (%)	0.35	1.28	1.49	0.00	0.00
EV/EBITDA	9.23	7.51	14.51	5.94	8.55
Market Cap (₹ Cr)	286.31	844.44	246.96	142.96	114.80

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Debt to Equity	0.45	0.00	0.02	0.94	0.00
Short term debt to equity ratio	0.31	--	0.02	0.77	0.00
Current Ratio	1.42	2.85	3.58	0.87	19.47
Quick Ratio	1.10	2.78	2.41	0.42	17.99
Interest Coverage	4.71	704.26	3.77	3.66	193.76

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	Hindustan Adhesive	SPEB Adhesives
Debtors to sales (%)	28.75	50.57	14.95	12.10	15.90
Asset Turnover	1.69	0.79	1.08	0.93	1.19
Receivable days	89.41	165.08	57.84	41.56	53.77
Inventory Days	46.73	8.92	78.34	92.64	20.04
Payable days	73.83	56.04	60.06	98.61	16.34
Cash Conversion Cycle	62.31	117.96	76.12	35.59	57.48

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.