HP Adhesives Ltd.
Snapshot View

364.00 -6.45 ▼-1.7%

24 May 2022, 04:01:00 PM
Volume: 1,592

Overview View Details

Sector Chemicals Compare with Sector peers
Industry Chemicals Compare with Industry peers
Website http://www.hpadhesives.com
Market Cap 669.03 Cr.
Enterprise Value(EV) 710.46 Cr. 2021-03
Financial Indicators
Earnings per share (EPS) 3.27 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 111.38 Trailing Twelve Months Ending 2022-03
Industry PE 30.73 Trailing Twelve Months Ending 2022-03
Book Value / Share 74.74 Trailing Twelve Months Ending 2022-03
Price to Book Value 4.87 Calculated using Price: 364.10
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.84 Cr. 18,374,947 Shares
FaceValue 10
Company Profile

HP Adhesives was originally formed as a partnership firm under the name and style of M/s. H.P. International pursuant to a deed of partnership dated January 01, 1987. M/s. HP International was thereafter converted into a private limited company HP Adhesives Private Limited on May 07, 2019, pursuant to the provisions of Chapter XXI of the Companies Act. Subsequently, the company has been converted into a public limited company and the name of the company changed to “HP Adhesives Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on June 23, 2021 and a fresh Certificate of Incorporation dated July 01, 2021 issued by the RoC.

The company has a robust business model aimed at consistently expanding its product portfolio by introducing new product categories as well as SKUs to cater to multiple end-use applications which are sold through its distribution network across India. With strict focus on product quality and long-standing track record in the distributor network, it has an established brand image which helps it in penetrating new product categories. The company constantly engages with its distributor network through marketing and promotional activities and also conduct a range of activities such as distributor meets, retailer meets and plumber and carpenter meets which leads to promotion of its product brands.

Business area of the company

The company is a fast-growing multi-product, multi-category consumer adhesives and sealants company. For its largest product category - PVC solvent cement, it is amongst the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry. It manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants and PVC pipe lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through network of distributors and direct customers. It also manufactures these products for select large PVC pipe manufacturing companies under co-branding or private label on order basis. Apart from the above products, it also sells ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions that are distributed along with its products to the end customers through its distribution network.

Key events and milestones

  • 1987: Partnership Firm in the name and style of H.P. International founded by Haresh Dhanraj Motwani and Seema Abhichandani
  • 1988: Established manufacturing plant at Andheri East, Mumbai.
  • 2001: Reconstitution of partnership firm, H.P. International with Haresh Dhanraj Motwani and his wife, Anjana Haresh Motwani as partners.
  • 2004: Launch of brand ‘Strong Weld’.
  • 2004: Shifted manufacturing facility to Village Padghavalli, Raigad, Maharashtra for manufacturing of PVC solvent cement.
  • 2007: Karan Haresh Motwani, the company's Promoter, admitted as a Partner to the partnership firm, H.P. International.
  • 2012: Shifted manufacturing facility to Village Narangi, Raigad, Maharashtra.
  • 2011: Received NSF International Certification for manufacturing solvent cements.
  • 2018: Commenced manufacturing synthetic rubber adhesives and PVA adhesives.
  • 2019: Commenced manufacturing of silicone sealants and gasket shellac.
  • 2019: Conversion of the company’s business from partnership firm to private limited company.
  • 2019: Started trading in Ball Valves, PTFE and Masking Tape.
  • 2021: Conversion of the Company from private limited to public limited company.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.74%
1 Week
+0.84%
1 Month
-11.06%
3 Month
+7.77%
6 Month
1 Year
2 Year
5 Year
10 Year
2 years 2020-03 2021-03
Return on Equity (%) -190.34 132.86
Return on Capital Employed (%) -7.53 34.09
Return on Assets (%) -8.69 14.12

Balance Sheet View Details

Particulars 2 years 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 2 13
Non Curr. Liab. 0 8
Curr. Liab. 52 67
Minority Int.
Equity & Liab. 54 88
Non Curr. Assets 13 26
Curr. Assets 41 62
Misc. Exp. not W/O
Total Assets 54 88

Profit Loss View Details

Particulars 2 years 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 85 118
Other Income 2 6
Total Income 87 124
Total Expenditure -80 -106
PBIDT 7 18
Interest -3 -3
Depreciation -2 -2
Taxation 1 -3
Exceptional Items -7
PAT -5 10
Adjusted EPS -4 8

Cash Flow View Details

Particulars 2 years 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 1 22
Cash Fr. Inv. -5 -16
Cash Fr. Finan. 4 -5
Net Change -1 0
Cash & Cash Eqvt 1 1

Shareholding Pattern View Details

2 Qtrs 2021-12 (%) 2022-03 (%)
Promoter 71.35 71.35
Public 28.65 28.65
Depository Receipts 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00

Announcements View Details

Tue, 24 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A of the Listing Regulations please find enclosed the annual secretarial compliance report for the year ended March 31 2022.This is for your information and records.
Fri, 20 May 2022
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 Change In Address Of Corporate Office Of Bigshare Services Private Limited Registrar And Transfer Agent
In terms of provisions of Regulation 30 of SEBI (LODR) Regulations 2015 we wish to inform that the corporate office/ operational head office address of Bigshare Services Private Limited Registrar and Transfer Agent for equity shares of HP Adhesives Limited has been changed to: Bigshare Services Private LimitedOffice No S6-2 6th Floor Pinnacle Business Park Next to Ahura Centre Mahakali Caves Road Andheri (East) Mumbai - 400093.Tel: 022-62638200 011-42425004 011-47565852 Fax: 022-62638280
Mon, 16 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication - Audited Financial Results of the Company for the quarter and year ended 31st March 2022

Technical Scans View Details

Tue, 24 May 2022
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
Close Entering 52 Week Low Zone Close Entering 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month
Mon, 23 May 2022
High Decrease 1 Month High Decrease 1 Month

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