Hindustan Adhesives Ltd Stock Analysis

BSE: 514428 | NSE: | Plastic Products | Small Cap

BSE Share Price 07-Feb-2023 17:51
252.80 3.65 (1.46%)

DeciZen - Make an Informed Decision on Hindustan Adhesives

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Hindustan Adhesives Price Chart

P/E Ratio ( SA) :
10.17
Market Cap :
127.5 Cr.
52-wk low :
242.6
52-wk high :
658.4
Bole Toh?

1. Is Hindustan Adhesives Ltd a good quality company?

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

2. Is Hindustan Adhesives Ltd undervalued or overvalued?

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

3. Is Hindustan Adhesives Ltd a good buy now?

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

10 Year X-Ray of Hindustan Adhesives:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindustan Adhesives Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.9%12.6%9.5%11.2%15.7%6.7%7%9.4%8.9%11.9%-
Value Creation Index -0.2-0.1-0.3-0.20.1-0.5-0.5-0.3-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 76.377.876.369.274.175.5139153214449453
YoY Gr. Rt. %-2%-1.9%-9.3%7.2%1.9%83.5%10.4%39.6%110.2%-
Adj EPS 2.84.52.74.29.24.33.49.911.819.124.5
YoY Gr. Rt. %-60.9%-40%53.1%120.7%-53%-20.7%190.4%18.9%61.7%-
BVPS (₹) 26.33134.238.347.452.357.367.784.6107.2116.8
Adj Net Profit 1.42.31.42.14.72.21.85.169.813
Cash Flow from Ops. 5.52.910.18.27.25.411.310624.8-
Debt/CF from Ops. 3.88.32.22.52.99.14.7713.93.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 21.8%43.4%48%110.2%
Adj EPS 23.7%15.8%77.4%61.7%
BVPS 16.917.723.226.7
Share Price 37.6% 15.9% 57.8% -23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 11.415.88.311.521.48.66.215.915.519.921.9
Op. Profit Mgn % 10.210.811.91414.510.788.1107.47.4
Net Profit Mgn % 1.931.83.16.32.91.33.32.82.22.8
Debt to Equity 1.51.51.31.10.91.81.821.91.50.6
Working Cap Days 10011913313713316812312311783109
Cash Conv. Cycle 4848556769805657513520

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.90%

Sales growth is growing at healthy rate in last 3 years 47.97%

Net Profit is growing at healthy rate in last 3 years 77.42%

Debt to equity has declined versus last 3 years average to 1.47

Sales growth is good in last 4 quarters at 59.49%

No data to display

Latest Financials - Hindustan Adhesives Ltd.

Standalone Consolidated
TTM EPS (₹) 24.5 9.3
TTM Sales (₹ Cr.) 453 76.2
BVPS (₹.) 116.8 0
Reserves (₹ Cr.) 55 19
P/BV 2.13 0.00
PE 10.17 26.70
From the Market
52 Week Low / High (₹) 242.60 / 658.40
All Time Low / High (₹) 0.50 / 658.40
Market Cap (₹ Cr.) 127
Equity (₹ Cr.) 5.1
Face Value (₹) 10
Industry PE 21

Management X-Ray of Hindustan Adhesives :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hindustan Adhesives

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Hindustan Adhesives Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hindustan Adhesives on 07-Feb-2023 17:51 is : 252.8.
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 07-Feb-2023 17:51 the market cap of Hindustan Adhesives stood at ₹ 127.5.
The latest PE ratio of Hindustan Adhesives as of 07-Feb-2023 17:51 is 10.17.
The latest PB ratio of Hindustan Adhesives as of 07-Feb-2023 17:51 is 2.13
The 52-week high of Hindustan Adhesives is ₹ 658.4 and the 52-week low is ₹ 242.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hindustan Adhesives is ₹ 452.8 ( Cr.) .

About Hindustan Adhesives Ltd

Hindustan Adhesives Limited (HAL) is a company promoted by the Bagla family. Established in the year 1988, Hindustan Adhesives (HAL), an ISO 9002 company, has been trusted by customers for its wide variety of integrated adhesive products.

HAL has been in the business of manufacturing coated products for packaging since 1989. And no sooner had the process begun, the pioneering spirit behind HAL made it as India's first and only integrated adhesive tape manufacturer with specialisation in BOPP film for packaging tapes.

The expertise in handling plastic materials and experience in all types of adhesive coatings encouraged HAL to explore the world market for developing new products. The challenge of producing 'Self Adhesive Tear Tape' was the first major achievement of the company after a vigorous effort. It can now boast of producing a world-class product and having a market in every part of the globe, spanning all continents and winning various awards for development of product.

HAL is the only company in the country to be equipped with multiple state-of-the-art facilities, all under one roof. The range of facilities include:

  • Acrylic Adhesive Coating
  • Hot Melt Adhesive Coating
  • Specialised BOPP Film Manufactured for packaging tapes
  • Precision Slitting of any substrates- Both adhesive and non adhesive
  • Spooling for long lengths of narrow width products
  • Printing in 3-4 colours
  • Customised Adhesive coated products

Product range of the company includes:

Tear Tapes The company has been the first from India to introduce speciality ' Self Adhesive Tear Tapes' for the global market. The product is a MOPP film based narrow width, self adhesive tear tape coated with world class Aqueous Acrylic Adhesive, complying with the United States Federal Food and Cosmetic Act. Ezee Rip is designed to make your packaging customer friendly. Its ideally suited for packaging consumer goods like cigarettes, chewing gums, audio-video cassettes, shaving blades and confectionery items.

Packaging Tapes Packaging Tapes as produced by HAL, are offered in a complete range to suit the weight and dimensions of the cartons. Tailor made solutions are provided for a cost effective sealing of cartons and the products are available with custom printed messages.

Speciality Tapes Speciality tapes are developed specifically according to bonding requirements. The interaction of backing material (filmic, non-woven, fabrics, various foams), adhesive system (acrylate or rubber based) and liner material (paper, foil) is decisive.

This includes:

-Foam Tapes, Double Sided Tapes, Security Tapes, Bakery Tapes, Custom Taylored Tapes, Polyester Tapes, Cellulose Tapes, Cable Tapes, Masking Tapes, Handle Tapes

BOPP Film HAL is the only integrated adhesive tape manufacturer in India by having facilities to extrude BOPP film by a dedicated process to enhance the tensile strength of the film and produce a truly balanced and oriented film. This process provides an equal tensile strength in both the MD and TD direction and also reduces the elongation tendency of the film. This stable film is best suited for adhesive coating and our customers have acknowledged the superior properties of the same.

Clientele

  • ITC LIMITED
  • Godfrey Phillips India Limited
  • VST Industries Limited
  • GTC Industries Limited
  • Asia Tobacco Co. Limited
  • The Hyderabad Deccan Cigarette Factory Pvt. Ltd.
  • Western Tobacco Limited
  • Reliable Cigarette and Tobacco Industries Pvt. Ltd.
  • National Tobacco Company Limited
  • Cadbury India Limited
  • Castrol India Limited
  • DHL Wpx Limited
  • GlaxoSmithKline Consumer
  • Hindustan Coco Cola

Achievements/ recognition :

  • Hindustan Adhesives (HAL), is an ISO 9002 company.
  • The company has been the first from India to introduce speciality ' Self Adhesive Tear Tapes' for the global market.
  • HAL is the only integrated adhesive tape manufacturer in India.
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