Nikhil Adhesives Peer Comparison

BSE: 526159

₹81.50

₹-2.22 (-2.65%)

As on 29-Sep-2026 10:48IST

Market cap

₹385 Cr

Revenue (TTM)

₹619 Cr

P/E Ratio

P/B Ratio

2.5

Div. Yield

0.3 %

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	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Market cap (₹ Cr)	385	1,010	318	204	192
Revenue (₹ Cr)	619	327	252	45	269
Net Profit (₹ Cr)	20.29	64.36	1.88	5.89	21.79
Net Margin (%)	3.27	18.98	0.74	12.94	7.97
RoE (%)	14.61	23.76	1.31	26.30	23.72
Price to Earnings	18.95	15.70	169.36	29.77	8.83
Price-To-Book	2.51	3.56	1.70	3.67	1.61

Income Statement (₹ Cr)

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Operating Revenue	584.59	284.12	249.79	44.79	284.82
Total Income	585.15	295.10	254.37	45.54	289.34
Total Expenditure	547.54	194.64	223.77	36.95	250.60
EBITDA	37.05	89.49	26.02	7.84	34.22
Depreciation	7.08	1.59	4.72	0.44	11.12
EBIT	29.97	87.90	21.30	7.41	23.10
Interest	8.12	0.09	2.15	0.02	6.15
Other Income	0.57	10.97	4.58	0.75	4.51
Exceptional Items	--	--	0.22	--	--
Profit before Tax	22.42	98.78	23.73	8.13	21.46
Provision for Tax	5.56	24.91	5.48	2.24	6.07
Profit after Tax	16.86	73.87	18.24	5.89	15.39

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

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

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Cash From Operating Activities	6.90	14.75	17.13	-0.93	18.36
Cash Flow from Investing Activities	-10.29	7.71	-16.30	0.31	-49.13
Cash from Financing Activities	-3.32	-10.87	1.52	0.52	34.71
Net Cash Inflow / Outflow	-6.71	11.59	2.36	-0.10	3.93

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
ROCE (%)	17.40	54.64	14.40	36.37	16.16
ROE (%)	13.83	40.83	10.33	26.30	18.39
ROA (%)	5.45	22.22	8.57	24.58	6.78
EBIT Margin (%)	6.43	35.36	12.25	19.18	13.60
Net Margin (%)	2.88	25.03	7.17	12.94	5.32
Cash Profit Margin (%)	4.09	26.56	9.19	14.14	9.31

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Revenue Growth (%)	3.61	10.43	5.89	5.11	-6.36
EBIT Growth (%)	20.88	10.68	-10.18	20.29	8.04
Net Profit Growth (%)	27.23	10.07	-11.30	19.40	-6.20
EPS Growth (%)	27.23	10.07	-11.91	19.39	-6.30
Book Value Growth (%)	13.85	42.18	9.11	30.28	21.19

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Price / Earnings	23.77	19.90	24.37	0.00	11.19
Price / Book Value	3.09	6.92	2.40	0.00	1.88
Dividend Yield (%)	0.25	0.73	0.83	--	0.00
EV/EBITDA	12.00	13.11	14.15	0.33	7.01
Market Cap (₹ Cr)	400.73	1,469.75	442.28	0.00	171.98

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

	Nikhil Adhesives	Jyoti Resins	HP Adhesives	SPEB Adhesives	Hindustan Adhesive
Debtors to sales (%)	19.38	44.19	16.71	15.31	9.57
Asset Turnover	1.89	0.85	1.17	1.87	1.26
Receivable days	66.80	141.01	57.15	53.17	43.02
Inventory Days	51.22	7.59	76.12	22.31	66.35
Payable days	76.71	60.51	45.67	10.27	71.47
Cash Conversion Cycle	41.31	88.09	87.60	65.21	37.91

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