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Speb Adhesives (SPEB)₹74.00−1.66%Specialty Chemicals
In the Mar 2026 quarter (standalone), Speb Adhesives reported sales of ₹25.81 Cr, up 12.0% from Mar 2025, and net profit of ₹3.22 Cr, down 1.2% year on year. For the year to Mar 2026, sales were ₹50.58 Cr and net profit ₹6.90 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Sales | 23.04 | 24.78 | 25.81 |
| Expenses | 18.89 | 19.88 | 21.69 |
| Operating Profit | 4.19 | 4.89 | 4.12 |
| OPM % | 18.2% | 19.8% | 16.0% |
| Other Income | 0.69 | 0.28 | 0.60 |
| Interest | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.21 | 0.25 | 0.35 |
| Profit before tax | 4.67 | 4.90 | 4.37 |
| Tax % | 30.6% | 25.5% | 26.8% |
| Net Profit | 3.26 | 3.66 | 3.22 |
| EPS (Rs) | 1.84 | 2.06 | 1.42 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 27.87 | 38.36 | 42.54 | 44.73 | 50.58 |
| Expenses | 24.26 | 35.99 | 36.05 | 36.80 | 41.56 |
| Operating Profit | 3.62 | 2.38 | 6.53 | 8.00 | 9.03 |
| OPM % | 13.0% | 6.2% | 15.4% | 17.9% | 17.9% |
| Other Income | 0.39 | 0.41 | 0.59 | 0.59 | 0.86 |
| Interest | 0.23 | 0.03 | 0.03 | 0.03 | 0.00 |
| Depreciation | 0.36 | 0.33 | 0.49 | 0.45 | 0.61 |
| Profit before tax | 3.45 | 2.48 | 6.65 | 8.12 | 9.28 |
| Tax % | 24.7% | 27.6% | 25.8% | 27.6% | 26.2% |
| Exceptional items | 0.00 | 0.00 | 0.02 | −0.11 | 0.00 |
| Net Profit | 2.61 | 1.80 | 4.96 | 5.91 | 6.90 |
| EPS (Rs) | — | — | 2,934.46 | 3.33 | 3.05 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.17 | 0.17 | 0.16 | 17.56 | 22.38 |
| Reserves | 17.35 | 19.13 | 19.28 | 7.75 | 33.26 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1.26 | 1.13 | 1.22 | 1.92 | 2.20 |
| Total Liabilities | 18.78 | 20.43 | 20.66 | 27.23 | 57.84 |
| Fixed Assets | 2.02 | 1.70 | 2.55 | 2.29 | 3.49 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.27 | 3.14 | 0.00 | 0.00 | 0.00 |
| Other Assets | 13.49 | 15.59 | 18.11 | 24.94 | 54.35 |
| Inventories | 2.94 | 3.28 | 3.08 | 2.42 | 3.15 |
| Trade receivables | 6.47 | 7.63 | 6.21 | 6.88 | 8.06 |
| Cash & equivalents | 2.84 | 3.72 | 8.47 | 14.84 | 29.76 |
| Total Assets | 18.78 | 20.43 | 20.66 | 27.23 | 57.84 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | −1.13 | 0.38 | 3.90 | −0.94 | 4.73 |
| Cash from investing activity | 3.27 | 0.43 | 2.32 | 0.32 | −10.52 |
| Cash from financing activity | −2.75 | 0.00 | −4.91 | 0.51 | 23.93 |
| Net cash flow | −0.63 | 0.79 | 1.30 | −0.11 | 18.35 |
| Capex | 0.39 | 0.00 | 1.43 | 0.87 | 1.83 |
| Free cash flow | −1.46 | 0.36 | 2.61 | −1.28 | 2.91 |
| CFO / OP % | −1.0% | 51.9% | 85.0% | 13.0% | 79.9% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 83 | 71 | 52 | 55 | 57 |
| Inventory days | 53 | 40 | 36 | 28 | 35 |
| Days payable | 0 | 0 | 10 | 11 | 18 |
| Cash conversion cycle | 137 | 112 | 80 | 73 | 76 |
| Working capital days | 116 | 100 | 74 | 69 | 70 |
| ROCE % | — | 13.5% | 34.2% | 37.1% | 22.9% |
For the Mar 2026 quarter, Speb Adhesives reported sales of ₹25.81 Cr, up 12.0% year on year and net profit of ₹3.22 Cr, down 1.2% year on year. The operating margin was 16.0%.
Speb Adhesives' sales for the year to Mar 2026 were ₹50.58 Cr.
Net profit for the year to Mar 2026 was ₹6.90 Cr. Earnings per share over the same trailing period were ₹3.05.
Speb Adhesives reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹29.76 Cr.
Cash from operations was ₹4.73 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.91 Cr.