HP ADHESIVES LIMITED (HPAL) financials

HP ADHESIVES LIMITED (HPAL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesivesand sealants along with other ancillaryproducts[1]

Market Cap: ₹314Cr.
Current Price: ₹34.2
Stock P/E: 134
ROE: 4.03%
ROCE: 5.61%
Book Value: ₹20.4
Dividend Yield: 1.17%
52W High / Low: ₹53.0/26.3

In Jun 2026, HP ADHESIVES LIMITED (HPAL) reported sales ₹63.34 Cr and net profit ₹-0.84 Cr.

Annual TTM: sales ₹248 Cr, net profit ₹2 Cr.

Shareholding: Promoters 71.35% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 0.00% (Sep 2026), Public 28.64% (Sep 2026), No. of Shareholders 51,243% (Sep 2026).

HPAL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	58.87	65.72	65.44	66.13	65.13	61.39	57.70	63.34
Expenses	52.39	59.77	59.92	59.52	58.73	57.58	61.42	63.54
Operating Profit	6.48	5.95	5.52	6.61	6.40	3.81	-3.72	-0.20
OPM %	11.01%	9.05%	8.44%	10.00%	9.83%	6.21%	-6.45%	-0.32%
Other Income	0.17	1.29	1.58	1.05	0.47	0.44	0.67	1.02
Interest	0.51	0.58	0.59	0.64	0.63	0.64	0.75	0.81
Depreciation	1.15	1.17	1.25	1.41	1.45	1.50	1.45	1.27
Profit before tax	4.99	5.49	5.26	5.61	4.79	2.11	-5.25	-1.26
Tax %	17.23%	27.87%	21.86%	24.78%	25.89%	28.91%	-54.48%	-33.33%
Net Profit	4.12	3.96	4.12	4.22	3.55	1.50	-2.39	-0.84
EPS in Rs	0.45	0.43	0.45	0.46	0.39	0.16	-0.26	-0.09
Raw PDF	—	—	—	—	—	—	—	—

HPAL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	85	118	165	233	236	248	249	248
Expenses	80	106	153	214	205	223	236	241
Operating Profit	4	12	11	19	31	26	13	6
OPM %	5.0%	10%	7%	8%	13%	10%	5%	2.5%
Other Income	-5	6	3	2	4	4	3	3
Interest	3	3	3	2	2	2	3	3
Depreciation	2	2	3	3	4	5	6	6
Profit before tax	-5	13	8	15	28	23	7	0
Tax %	-13%	24%	26%	28%	27%	23%	5%	—
Net Profit	-5	10	6	11	21	18	7	2
EPS in Rs	-0.73	1.55	0.65	1.18	2.24	1.94	0.75	0.20
Dividend Payout %	0%	0%	0%	0%	13%	21%	53%	—

HPAL balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	13	18	18	18	18	18
Reserves	-11	-0	119	130	151	166	169
Borrowings	36	43	19	9	3	8	4
Other Liabilities	19	35	40	28	26	36	40
Total Liabilities	57	90	195	185	198	228	232
Fixed Assets	11	19	26	39	52	73	72
CWIP	1	7	18	17	16	4	5
Investments	0	0	0	0	18	25	22
Other Assets	45	64	152	129	111	126	132
Total Assets	57	90	195	185	198	228	232

HPAL cash flows (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	1	11	-10	-5	22	17	7
Cash from Investing Activity	-5	-16	-67	8	-15	-16	-2
Cash from Financing Activity	4	5	86	-12	-6	2	-8
Net Cash Flow	-1	0	9	-10	0	2	-2
Free Cash Flow	-4	-5	-26	-21	5	3	-6
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	19%	114%	-71%	-9%	94%	93%	82%

HPAL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	71.35%	71.35%	71.35%	71.35%	71.35%	71.35%	71.35%	71.35%
FIIs	0.03%	0.16%	0.04%	0.02%	0.01%	0.02%	0.01%	0.01%
DIIs	2.86%	2.82%	1.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	25.76%	25.66%	27.27%	28.63%	28.64%	28.63%	28.64%	28.64%
No. of Shareholders	56,881	57,835	57,430	57,134	55,426	53,662	52,585	51,243

HPAL key ratios
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	86	71	71	58	56	61	55
Inventory Days	125	146	124	97	118	132	119
Days Payable	103	116	95	44	40	54	66
Cash Conversion Cycle	107	100	100	112	134	140	108
Working Capital Days	-48	-19	84	102	106	98	118
ROCE %	—	34%	11%	12%	18%	14%	6%

HPALUpdated 18 Oct 2026, 15:09

Hp Adhesives Limited

HPALUpdated 18 Oct 2026, 15:09

Market Cap

₹314Cr.

Current Price

₹34.2

High / Low

₹53.0/26.3

Stock P/E

134

ROE4.03%

ROCE5.61%

Book Value₹20.4

Face Value₹2.00

Dividend Yield1.17%

About

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesivesand sealants along with other ancillaryproducts[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	59.32	0.23	53.18	0.98	1.03	5.86	22.87	4.51	0.49
Sep 2023	62.6	0.21	55.26	1.04	1.08	7.09	26.09	5.24	0.57
Dec 2023	54.75	0.18	46.97	0.62	1.11	7.11	26.72	5.21	0.57
Mar 2024	59.31	0.56	50.5	0.88	1.08	8.05	30.43	5.61	0.61
Jun 2024	60.52	0.47	52.95	1.48	1.13	7.45	24.3	5.63	0.61
Sep 2024	58.87	0.51	52.39	0.17	1.15	4.99	17.23	4.12	0.45
Dec 2024	65.72	0.58	59.77	1.29	1.17	5.49	27.87	3.96	0.43
Mar 2025	65.44	0.59	59.92	1.58	1.25	5.26	21.86	4.12	0.45
Jun 2025	66.13	0.64	59.52	1.05	1.41	5.61	24.78	4.22	0.46
Sep 2025	65.13	0.63	58.73	0.47	1.45	4.79	25.89	3.55	0.39
Dec 2025	61.39	0.64	57.58	0.44	1.5	2.11	28.91	1.5	0.16
Mar 2026	57.7	0.75	61.42	0.67	1.45	-5.25	-54.48	-2.39	-0.26
Jun 2026	63.34	0.81	63.54	1.02	1.27	-1.26	-33.33	-0.84	-0.09

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2020	85	3	80	-5	2	-5	-13	-5	-0.73
Mar 2021	118	3	106	6	2	13	24	10	1.55
Mar 2022	165	3	153	3	3	8	26	6	0.65
Mar 2023	233	2	214	2	3	15	28	11	1.18
Mar 2024	236	2	205	4	4	28	27	21	2.24
Mar 2025	248	2	223	4	5	23	23	18	1.94
Mar 2026	249	3	236	3	6	7	5	7	0.75
TTM	248	3	241	3	6	0	—	2	0.2

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	71.35%
FIIs	0.01%
Public	28.64%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	71.35%	0.71%	3.72%	24.22%
Mar 2024	71.35%	0.25%	3.72%	24.68%
Jun 2024	71.35%	0.08%	3.72%	24.86%
Sep 2024	71.35%	0.1%	3.28%	25.28%
Dec 2024	71.35%	0.03%	2.86%	25.76%
Mar 2025	71.35%	0.16%	2.82%	25.66%
Jun 2025	71.35%	0.04%	1.34%	27.27%
Sep 2025	71.35%	0.02%	0%	28.63%
Dec 2025	71.35%	0.01%	0%	28.64%
Mar 2026	71.35%	0.02%	0%	28.63%
Jun 2026	71.35%	0.01%	0%	28.64%
Sep 2026	71.35%	0.01%	0%	28.64%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2020	13	-11	36	19	57	11	1	0	45	57
Mar 2021	13	0	43	35	90	19	7	0	64	90
Mar 2022	18	119	19	40	195	26	18	0	152	195
Mar 2023	18	130	9	28	185	39	17	0	129	185
Mar 2024	18	151	3	26	198	52	16	18	111	198
Mar 2025	18	166	8	36	228	73	4	25	126	228
Mar 2026	18	169	4	40	232	72	5	22	132	232

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2020	1	-5	4	-1
Mar 2021	11	-16	5	0
Mar 2022	-10	-67	86	9
Mar 2023	-5	8	-12	-10
Mar 2024	22	-15	-6	0
Mar 2025	17	-16	2	2
Mar 2026	7	-2	-8	-2

Key ratios

Historical financial ratios

Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	86	71	71	58	56	61	55
Inventory Days	125	146	124	97	118	132	119
Days Payable	103	116	95	44	40	54	66
Cash Conversion Cycle	107	100	100	112	134	140	108
Working Capital Days	-48	-19	84	102	106	98	118
ROCE %	—	34%	11%	12%	18%	14%	6%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of HP ADHESIVES LIMITED (HPAL)?

The reported market capitalisation for HP ADHESIVES LIMITED (HPAL) is ₹314Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of HPAL?

The current price shown for HP ADHESIVES LIMITED (HPAL) on Fincrux is ₹34.2 with a 52-week high/low of ₹53.0/26.3.

What is the P/E ratio of HP ADHESIVES LIMITED (HPAL)?

The stock P/E for HP ADHESIVES LIMITED (HPAL) is 134 on Fincrux, with ROE at 4.03% and ROCE at 5.61%.

What were HPAL latest quarterly results?

For Jun 2026, HP ADHESIVES LIMITED (HPAL) reported sales ₹63.34 Cr and net profit ₹-0.84 Cr (figures in ₹ crore unless noted).

What are HPAL annual sales and net profit?

For TTM, HP ADHESIVES LIMITED (HPAL) shows sales of ₹248 Cr and net profit of ₹2 Cr on the Fincrux profit & loss statement.

Who owns HP ADHESIVES LIMITED (HPAL)?

Latest shareholding for HP ADHESIVES LIMITED (HPAL) on Fincrux: Promoters 71.35% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 0.00% (Sep 2026), Public 28.64% (Sep 2026), No. of Shareholders 51,243% (Sep 2026).

Where can I find HP ADHESIVES LIMITED (HPAL) financials?

HP ADHESIVES LIMITED (HPAL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show HPAL balance sheet and cash flow?

Yes. The HP ADHESIVES LIMITED (HPAL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 15:09