Is Nikhil Adhesives Ltd (526159) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nikhil Adhesives Ltd is a good quality company .

Is Nikhil Adhesives Ltd (526159) undervalued or overvalued?

The key valuation ratios of Nikhil Adhesives Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Nikhil Adhesives Ltd (526159) share price return in the past 10 years?

Nikhil Adhesives Ltd share price has appreciated 35.2% annually (CAGR) over the past ten years.

Is Nikhil Adhesives Ltd (526159) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nikhil Adhesives Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Nikhil Adhesives Ltd (526159)?

Company share prices are keep on changing according to the market conditions. The current trading price of Nikhil Adhesives Ltd (526159) on 07-May-2026 15:03:00 at 15:03 is 88.67.

What is the P/E ratio of Nikhil Adhesives?

The latest standalone P/E ratio of Nikhil Adhesives as of 07-May-2026 is 27.89.

What is the P/B ratio of Nikhil Adhesives Ltd (526159)?

The latest standalone P/B ratio of Nikhil Adhesives Ltd (526159) as of 07-May-2026 is 2.90.

What is the 52-week high and low of Nikhil Adhesives Ltd (526159)?

The 52-week high of Nikhil Adhesives Ltd (526159) is Rs. 129.00 and the 52-week low is Rs. 56.78.

Nikhil Adhesives Ltd (526159) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Nikhil Adhesives Ltd (526159)
Brand: Nikhil Adhesives

Nikhil Adhesives Ltd (526159) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹404 Cr.

P/E Ratio

27.89

Price to Book (P/B)

2.90

Price to Sales (P/S)

0.76

EV/EBITDA

12.37

Return on Capital Employed (ROCE)

17.40%

Current Price

₹88.7

Return on Equity (ROE)

13.83%

Return on Assets (ROA)

5.45%

Operating Profit Margin

6.4%

Net Profit Margin

2.88%

Gross Profit Margin

5.1%

Book Value per Share

₹30.4

Sales Growth (YoY)

3.62%

Sales Growth (3 Years)

-10.44%

Operating Profit Growth (1 Year)

20.41%

Operating Profit Growth (3 Years)

-5.16%

Net Profit Growth (1 Year)

27.25%

52-Week Low / High

₹57 / 129

Net Profit Growth (3 Years)

-12.61%

Dividend Yield

0.25%

Promoter Holding

54.46%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Nikhil Adhesives Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 35.4% based on the current price.

Q.1 Revenue growth of Nikhil Adhesives Ltd?

Nikhil Adhesives Ltd revenue growth is 3.6% for FY-2025, which is below its 5-year CAGR of 6.75%, indicating slower growth.

Q.1 Which industry/sub-sector does Nikhil Adhesives Ltd belong to?

Nikhil Adhesives Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.

Q.1 Promoter shareholding and pledge status of Nikhil Adhesives Ltd?

Promoters hold 54.46% of the Nikhil Adhesives Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Nikhil Adhesives Ltd vs industry peers?

Nikhil Adhesives Ltd revenue CAGR is 6.75%, compared to the industry median CAGR of 9.62%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Nikhil Adhesives

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Nikhil Adhesives stock performance

Key Ratios

Is Nikhil Adhesives Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	19.8%	17.6%	16.9%	22%	22.3%	33.3%	39.7%	24.3%	16.7%	17.4%	-
Value Creation Index ⓘ	0.4	0.3	0.2	0.6	0.6	1.4	1.8	0.7	0.2	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	270	260	330	446	422	491	814	743	564	585	529
Sales YoY Gr.	-	-4%	27.2%	35.2%	-5.5%	16.4%	65.7%	-8.6%	-24.1%	3.6%	-
Adj EPS ⓘ	0.7	0.5	0.8	1.1	1.9	3.4	5.5	4.3	2.9	3.7	3.2
YoY Gr.	-	-27.4%	45.3%	48.1%	67.5%	78.5%	61.3%	-22.4%	-32.6%	28.5%	-
BVPS (₹) ⓘ	4.1	4.6	7.6	8.6	9.9	13.3	18.6	22.1	24.8	28.2	30.4
Adj Net Profit ⓘ	2.9	2.1	3.6	5.2	8.8	15.7	25.3	19.6	13.3	17	14
Cash Flow from Ops. ⓘ	12.8	-4.2	11.1	16.4	20.9	22.9	24.7	20.6	14.2	6.9	-
Debt/CF from Ops. ⓘ	2.7	-10.8	2.9	2.1	1.6	1.2	1.1	1.5	3.6	8.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9%	6.8%	-10.4%	3.6%
Adj EPS ⓘ	19.8%	14.1%	-12.4%	28.5%
BVPSⓘ	24%	23.2%	14.9%	13.8%
Share Price	35.2%	13.9%	-13.3%	6.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	18.9	12.1	13.4	14	20.6	29.4	34.5	21	12.3	13.9	10.8
Op. Profit Mgn % ⓘ	4.8	4.3	3.9	3.7	5.1	6.3	5.3	5.2	5.5	6.4	6.4
Net Profit Mgn % ⓘ	1.1	0.8	1.1	1.2	2.1	3.2	3.1	2.6	2.4	2.9	2.7
Debt to Equity ⓘ	2.2	2.6	0.9	0.9	0.7	0.5	0.3	0.3	0.5	0.4	-
Working Cap Days ⓘ	105	120	121	110	123	139	107	112	129	128	70
Cash Conv. Cycle ⓘ	5	8	27	26	32	34	25	29	46	57	22

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	3.2	0.1
TTM Sales (₹ Cr.)	529	234
BVPS (₹) ⓘ	30.4	0
Reserves (₹ Cr.) ⓘ	135	10
P/BV ⓘ	2.90	0.00
PE ⓘ	27.89	1528.35

From the Market
52 Week Low / High (₹)	56.78 / 129.00
All Time Low / High (₹)	0.10 / 225.30
Market Cap (₹ Cr.)	404
Equity (₹ Cr.)	4.6
Face Value (₹)	1
Industry PE ⓘ	47.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

22.91

13.10

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Nikhil Adhesives - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	270	260	330	446	422	491	814	743	564	585
Operating Expenses ⓘ +	259	248	317	430	403	460	770	709	533	548
Manufacturing Costs	18	18	20	27	30	33	60	63	60	56
Material Costs	220	213	274	375	337	395	674	595	426	429
Employee Cost	6	6	8	10	12	12	14	19	19	24
Other Costs ⓘ	15	11	15	18	24	21	23	32	28	38
Operating Profit ⓘ	11	11	13	17	19	31	43	35	31	37
Operating Profit Margin (%)	4.1%	4.3%	3.9%	3.7%	4.5%	6.3%	5.3%	4.7%	5.5%	6.3%
Other Income ⓘ +	0	0	1	1	1	0	1	0	0	1
Exceptional Items ⓘ	0	0	-1	0	0	0	0	0	0	0
Interest ⓘ	8	7	7	8	8	7	6	6	7	8
Depreciation ⓘ	2	1	2	2	3	3	4	5	6	7
Profit Before Tax ⓘ	2	3	4	7	9	21	34	24	18	22
Tax ⓘ	0	1	1	2	2	6	9	7	5	6
Profit After Tax	2	2	3	5	7	16	25	17	13	17
PAT Margin (%)	0.6%	0.8%	0.9%	1.2%	1.7%	3.2%	3.1%	2.3%	2.4%	2.9%
Adjusted EPS (₹)	0.4	0.5	0.6	1.1	1.5	3.4	5.5	3.7	2.9	3.7
Dividend Payout Ratio (%)	0%	0%	16.10%	8.80%	6.50%	4.40%	3.60%	5.40%	6.90%	6%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	16	18	35	40	46	61	85	102	114	130
Share Capital ⓘ	4	4	5	5	5	5	5	5	5	5
Reserves ⓘ	12	14	30	35	41	56	81	97	109	125
Debt +	32	43	30	29	27	21	21	21	43	48
Long Term Debt	16	26	14	15	16	20	18	16	25	25
Short Term Debt	16	17	16	14	11	2	3	5	17	23
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	60	58	80	98	87	160	160	121	93	88
Others Liabilities ⓘ	11	12	12	20	32	48	49	52	46	58
Total Liabilities ⓘ	119	130	157	186	191	291	316	295	295	323
Fixed Assets
Net Fixed Assets ⓘ +	24	23	30	37	44	54	64	76	94	96
Gross Block	40	40	48	58	68	82	94	111	134	143
Accumulated Depreciation	16	17	19	21	24	27	30	35	41	47
CWIP ⓘ	0	1	0	0	6	0	1	4	0	1
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	26	21	34	40	37	72	76	84	76	88
Trade Receivables	44	64	78	97	95	151	145	110	101	113
Cash Equivalents	6	5	3	3	1	3	6	5	12	6
Others Assets ⓘ	18	16	11	9	8	10	24	16	13	20
Total Assets ⓘ	119	130	157	186	191	291	316	295	295	323

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	13	-4	11	16	21	23	25	21	14	7
PBT ⓘ	2	3	4	7	9	21	34	24	18	22
Adjustment ⓘ	9	9	10	8	15	11	9	15	13	16
Changes in Working Capital ⓘ	2	-15	-2	2	-0	-6	-8	-12	-13	-26
Tax Paid ⓘ	-0	-1	-1	-1	-2	-3	-11	-6	-4	-5
Cash Flow From Investing Activity ⓘ +	-2	-1	-6	-10	-12	-7	-15	-19	-17	-10
Capex	-1	-2	-7	-10	-14	-7	-15	-19	-17	-10
Net Investments	0	2	0	1	1	-0	0	-0	0	-0
Others ⓘ	-1	0	0	-0	-0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-9	4	-5	-7	-9	-15	-6	-3	10	-3
Net Proceeds from Shares ⓘ	0	0	14	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1	10	-12	1	0	4	-2	-2	9	-0
Interest Paid ⓘ	-8	-6	-6	-8	-8	-7	-6	-6	-8	-8
Dividend Paid ⓘ	-0	0	0	-1	-0	-0	-1	-1	-1	-1
Others ⓘ	0	1	-1	1	-1	-11	2	6	10	6
Net Cash Flow ⓘ	1	-0	-0	-0	-1	1	3	-1	7	-7

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	10.52	12.11	10.82	13.99	16.49	29.39	34.53	18.21	12.29	13.83
ROCE (%)	19.8	17.56	16.91	21.98	22.25	33.25	39.74	24.26	16.7	17.4
Asset Turnover Ratio	2.58	2.32	2.37	2.6	2.24	2.04	2.68	2.43	1.91	1.89
PAT to CFO Conversion(x)	6.5	-2	3.67	3.2	3	1.44	1	1.24	1.08	0.41
Working Capital Days
Receivable Days	53	68.50	76.60	71.40	82.70	91.40	66.40	62.60	68.20	66.80
Inventory Days	31.30	29.70	29.50	30.20	33.20	40.30	33.10	39.30	51.80	51.20
Payable Days	94.40	100.80	91.40	86.40	99.80	114.10	86.80	86.40	91.50	76.70

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nikhil Adhesives Ltd FAQs

The current trading price of Nikhil Adhesives on 07-May-2026 15:03 is ₹88.67.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-May-2026 the market cap of Nikhil Adhesives stood at ₹403.9 Cr

The latest P/E ratio of Nikhil Adhesives as of 06-May-2026 is 27.89.

The latest P/B ratio of Nikhil Adhesives as of 06-May-2026 is 2.90.

The 52-week high of Nikhil Adhesives is ₹129.0 and the 52-week low is ₹56.78.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nikhil Adhesives is ₹529 ( Cr.) .

About Nikhil Adhesives Ltd

Nikhil Adhesives (NAL) founded in 1986 as Hans marketing & Services Pvt. Ltd., is a leading manufacturing and marketing company in India .The company markets various chemicals such as VAM, BAM, 2EHA, EA etc. representing, MITCO (Petronas) Malaysia & Other Multinational Companies all over the world. Nikhil Adhesives has about 300 industrial customers, 500 dealers and distributors and about 3000 retail outlets all over india.

The company tries to deliver value products and services by employing state of the art technology and absolute focus to their customers. The synergy of commitment, technology and prompt deliverables is what makes Nikhil Adhesives the right choices.

The company is having two manufacturing facilities, one in Dahanu with capacity of -12000 MT and the other in Silvasa with Capacity of 12000 MT.

The state of the art laboratory equipped with modern testing equipments is constantly upgrading the information base and working always towards product perfection. Our laboratory activities are focused on the development of new grades as well as improvement of existing products. The laboratory is managed by qualified and experienced persons from the field of emulsion technology. Regular interactions of R&D and technical services persons are arranged with customers to understand their requirements in totality. This helps company to do value addition to the product range manufactured by the company.

Product Range of the company includes: Industrial Chemicals

Paint Emulsions
Textile
Emulsions
Construction
Chemicals
Adhesives

Consumer Chemicals

Consumer Products
Household Products
Art & Crafts

Trading

Monomers
Ethoxylates
Solvents

Milestones

1986 â€“ Nikhil adhesive Ltd. Was founded as Hans marketing & Services Pvt. Ltd. (HM&S Pvt. Ltd.).
1992 â€“ HM&S Pvt. Ltd. Merged with M/s Nikhil Industries under the name Nikhil Adhesives.
1992 â€“ Nikhil Adhesives became Public limited company (traded on the Bombay Stock Exchange).
2003 â€“ Nikhil Adhesives Ltd. Acquired M/s Mafatlal Dyes & Chemicals Ltd. formerly known as Hoechst Dyes & Chemicals Ltd. the pioneers of adhesives business in India, along with their Brands, Hoechst German Technology and Machineries.
2007 â€“ Nikhil Adhesives Ltd. expanded their manufacturing activity and setup a new additional unit at Silvassa equiped with modern machineries and facilities to produce and cater to the requirement of various industries.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Nikhil Adhesives Ltd (526159) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Nikhil Adhesives Share Price