Loading…
HP Adhesives (HPAL)₹32.12−1.38%Specialty Chemicals
In the Jun 2026 quarter (consolidated), HP Adhesives reported sales of ₹63.15 Cr, down 4.0% from Jun 2025, and net profit of −₹0.92 Cr, down 122.0% year on year. For the year to Mar 2026, sales were ₹248 Cr and net profit ₹6.99 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62.34 | 54.52 | 59.07 | 60.30 | 58.72 | 66.42 | 65.95 | 65.81 | 64.82 | 61.73 | 57.64 | 63.15 |
| Expenses | 55.30 | 47.00 | 50.52 | 53.07 | 52.49 | 60.44 | 61.09 | 59.65 | 58.72 | 58.07 | 61.67 | 63.85 |
| Operating Profit | 7.35 | 7.77 | 8.82 | 7.53 | 6.52 | 6.26 | 5.11 | 6.53 | 6.38 | 3.94 | −3.75 | −0.34 |
| OPM % | 11.7% | 14.2% | 14.8% | 12.5% | 11.1% | 9.4% | 7.7% | 9.8% | 9.8% | 6.4% | −6.5% | −0.5% |
| Other Income | 1.03 | 0.61 | 0.87 | 1.47 | 0.18 | 1.31 | 1.52 | 1.09 | 0.51 | 0.43 | 0.72 | 1.05 |
| Interest | 0.22 | 0.19 | 0.57 | 0.48 | 0.52 | 0.59 | 0.60 | 0.65 | 0.64 | 0.65 | 0.76 | 0.82 |
| Depreciation | 1.09 | 1.12 | 1.09 | 1.14 | 1.17 | 1.19 | 1.26 | 1.42 | 1.46 | 1.52 | 1.47 | 1.28 |
| Profit before tax | 7.06 | 7.08 | 8.02 | 7.40 | 5.03 | 5.79 | 4.77 | 5.54 | 4.79 | 2.23 | −5.22 | −1.34 |
| Tax % | 26.0% | 26.7% | 30.4% | 24.2% | 17.4% | 27.7% | 25.0% | 24.5% | 26.1% | 27.6% | −54.6% | −33.4% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 5.23 | 5.20 | 5.60 | 5.60 | 4.16 | 4.20 | 3.58 | 4.18 | 3.52 | 1.61 | −2.36 | −0.92 |
| EPS (Rs) | 0.56 | 0.56 | 0.60 | 0.60 | 0.44 | 0.45 | 0.38 | 0.45 | 0.37 | 0.17 | −0.25 | −0.09 |
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales | 235 | 252 | 248 | 247 |
| Expenses | 205 | 227 | 236 | 242 |
| Operating Profit | 31.01 | 26.01 | 12.99 | 6.23 |
| OPM % | 13.0% | 10.0% | 5.0% | 2.5% |
| Other Income | 3.99 | 4.99 | 2.99 | 2.71 |
| Interest | 2.01 | 2.01 | 3.01 | 2.87 |
| Depreciation | 4.01 | 5.01 | 6.01 | 5.73 |
| Profit before tax | 27.88 | 23.91 | 6.98 | 0.46 |
| Tax % | 26.9% | 23.0% | 5.0% | — |
| Exceptional items | 1.01 | 1.01 | −1.01 | 0.00 |
| Net Profit | 20.97 | 17.99 | 6.99 | 1.85 |
| EPS (Rs) | 2.23 | 1.98 | 0.75 | 0.20 |
| Dividend payout % | 12.9% | 19.9% | 52.9% | — |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 17.93 | 17.93 | 17.93 |
| Reserves | 151 | 166 | 169 |
| Borrowings | 2.99 | 7.97 | 3.99 |
| Other Liabilities | 25.88 | 35.83 | 39.80 |
| Total Liabilities | 197 | 227 | 231 |
| Fixed Assets | 51.84 | 72.68 | 72.75 |
| CWIP | 15.98 | 3.99 | 4.99 |
| Investments | 17.96 | 24.96 | 21.96 |
| Other Assets | 111 | 126 | 133 |
| Inventories | 47.93 | 55.83 | 49.87 |
| Trade receivables | 35.98 | 41.99 | 36.95 |
| Cash & equivalents | 8.98 | 4.99 | 7.99 |
| Total Assets | 197 | 227 | 231 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | 21.99 | 9.99 | 6.99 |
| Cash from investing activity | −15.01 | −9.01 | −1.99 |
| Cash from financing activity | −5.99 | 2.01 | −7.99 |
| Net cash flow | 0.00 | 2.01 | −2.01 |
| Capex | 16.01 | 14.01 | 13.01 |
| Free cash flow | 4.99 | −3.99 | −5.99 |
| CFO / OP % | 93.9% | 65.0% | 81.9% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 56 | 60 | 55 |
| Inventory days | 118 | 130 | 120 |
| Days payable | 40 | 53 | 66 |
| Cash conversion cycle | 134 | 137 | 109 |
| Working capital days | 106 | 111 | 151 |
| ROCE % | — | 14.0% | 6.0% |
For the Jun 2026 quarter, HP Adhesives reported sales of ₹63.15 Cr, down 4.0% year on year and net profit of −₹0.92 Cr, down 122.0% year on year. The operating margin was −0.5%.
HP Adhesives' sales for the year to Mar 2026 were ₹248 Cr; over the last twelve months they were ₹247 Cr.
Net profit for the year to Mar 2026 was ₹6.99 Cr, and ₹1.85 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.20.
HP Adhesives reported borrowings of ₹3.99 Cr at Mar 2026, against cash and equivalents of ₹7.99 Cr.
Cash from operations was ₹6.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.99 Cr.