Buy Or Sell Opportunity • Jun 29
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.2% to ₹254. The fair value is estimated to be ₹333, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • Jun 26
Full year 2026 earnings released: EPS: ₹33.22 (vs ₹30.08 in FY 2025) Full year 2026 results: EPS: ₹33.22. Revenue: ₹2.60b (down 8.9% from FY 2025). Net income: ₹149.0m (down 3.2% from FY 2025). Profit margin: 5.7% (up from 5.4% in FY 2025). The increase in margin was driven by lower expenses. Announcement • May 25
Hindustan Adhesives Limited to Report Q4, 2026 Results on May 30, 2026 Hindustan Adhesives Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 30, 2026 Reported Earnings • Feb 20
Third quarter 2026 earnings released: EPS: ₹8.81 (vs ₹8.96 in 3Q 2025) Third quarter 2026 results: EPS: ₹8.81 (down from ₹8.96 in 3Q 2025). Revenue: ₹668.9m (down 7.8% from 3Q 2025). Net income: ₹45.1m (down 1.7% from 3Q 2025). Profit margin: 6.7% (up from 6.3% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Hindustan Adhesives Limited to Report Q3, 2026 Results on Feb 14, 2026 Hindustan Adhesives Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹11.15 (vs ₹10.49 in 2Q 2025) Second quarter 2026 results: EPS: ₹11.15 (up from ₹10.49 in 2Q 2025). Revenue: ₹658.2m (down 22% from 2Q 2025). Net income: ₹57.1m (up 6.3% from 2Q 2025). Profit margin: 8.7% (up from 6.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Hindustan Adhesives Limited to Report Q2, 2026 Results on Nov 14, 2025 Hindustan Adhesives Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 01
Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2025 Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2025, at 17:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹7.33 (vs ₹4.16 in 1Q 2025) First quarter 2026 results: EPS: ₹7.33 (up from ₹4.16 in 1Q 2025). Revenue: ₹663.8m (up 3.6% from 1Q 2025). Net income: ₹37.5m (up 76% from 1Q 2025). Profit margin: 5.6% (up from 3.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Hindustan Adhesives Limited to Report Q1, 2026 Results on Aug 14, 2025 Hindustan Adhesives Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jul 04
Full year 2025 earnings released: EPS: ₹30.02 (vs ₹32.07 in FY 2024) Full year 2025 results: EPS: ₹30.02 (down from ₹32.07 in FY 2024). Revenue: ₹2.85b (down 6.4% from FY 2024). Net income: ₹153.9m (down 6.2% from FY 2024). Profit margin: 5.4% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 23
Hindustan Adhesives Limited to Report Fiscal Year 2025 Results on May 30, 2025 Hindustan Adhesives Limited announced that they will report fiscal year 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹385, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 4.9% over the past three years. Reported Earnings • Feb 21
Third quarter 2025 earnings released: EPS: ₹8.96 (vs ₹8.89 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.96 (up from ₹8.89 in 3Q 2024). Revenue: ₹739.8m (up 5.2% from 3Q 2024). Net income: ₹45.9m (flat on 3Q 2024). Profit margin: 6.2% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Hindustan Adhesives Limited to Report Q3, 2025 Results on Feb 14, 2025 Hindustan Adhesives Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹10.49 (vs ₹7.56 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.49 (up from ₹7.56 in 2Q 2024). Revenue: ₹853.1m (up 5.2% from 2Q 2024). Net income: ₹53.7m (up 39% from 2Q 2024). Profit margin: 6.3% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Hindustan Adhesives Limited to Report Q2, 2025 Results on Nov 11, 2024 Hindustan Adhesives Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Aug 29
Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2024 Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹4.16 (vs ₹8.26 in 1Q 2024) First quarter 2025 results: EPS: ₹4.16 (down from ₹8.26 in 1Q 2024). Revenue: ₹651.8m (down 20% from 1Q 2024). Net income: ₹21.3m (down 50% from 1Q 2024). Profit margin: 3.3% (down from 5.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Aug 09
Hindustan Adhesives Limited to Report Q1, 2025 Results on Aug 14, 2024 Hindustan Adhesives Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹32.05 (vs ₹9.50 in FY 2023) Full year 2024 results: EPS: ₹32.05 (up from ₹9.50 in FY 2023). Revenue: ₹3.07b (down 4.5% from FY 2023). Net income: ₹164.1m (up 238% from FY 2023). Profit margin: 5.3% (up from 1.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Hindustan Adhesives Limited to Report Q4, 2024 Results on May 30, 2024 Hindustan Adhesives Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹449, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 301% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹331, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 21x in the Packaging industry in India. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹473, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 318% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹8.89 (vs ₹2.11 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹8.89 (up from ₹2.11 loss in 3Q 2023). Revenue: ₹711.6m (down 6.4% from 3Q 2023). Net income: ₹45.5m (up ₹56.3m from 3Q 2023). Profit margin: 6.4% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Hindustan Adhesives Limited to Report Q3, 2024 Results on Feb 14, 2024 Hindustan Adhesives Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Dec 27
Hindustan Adhesives Limited (BSE:514428) agreed to acquire Bagla Technopack Private Limited for INR 15.4 million. Hindustan Adhesives Limited (BSE:514428) agreed to acquire Bagla Technopack Private Limited for INR 15.4 million on December 26, 2023. Post the completion of the transaction, Bagla Technopack will become a wholly owned subsidiary of Hindustan Adhesives. The Board of Directors of Hindustan Adhesives approved the acquisition. Bagla Technopack reported nil turnover for the year 2022-23. The transaction is expected to complete between 30-40 days from December 26, 2023. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹306, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 206% over the past three years. Announcement • Nov 04
Hindustan Adhesives Limited to Report Q2, 2024 Results on Nov 11, 2023 Hindustan Adhesives Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 11, 2023 Announcement • Aug 27
Hindustan Adhesives Limited, Annual General Meeting, Sep 23, 2023 Hindustan Adhesives Limited, Annual General Meeting, Sep 23, 2023, at 14:00 Indian Standard Time. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹1.59b market cap, or US$19.1m). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹8.26 (vs ₹6.02 in 1Q 2023) First quarter 2024 results: EPS: ₹8.26 (up from ₹6.02 in 1Q 2023). Revenue: ₹811.0m (down 31% from 1Q 2023). Net income: ₹42.3m (up 37% from 1Q 2023). Profit margin: 5.2% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹230, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 197% over the past three years. Announcement • Aug 05
Hindustan Adhesives Limited to Report Q1, 2024 Results on Aug 11, 2023 Hindustan Adhesives Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹9.51 (vs ₹24.47 in FY 2022) Full year 2023 results: EPS: ₹9.51 (down from ₹24.47 in FY 2022). Revenue: ₹3.25b (down 28% from FY 2022). Net income: ₹48.7m (down 61% from FY 2022). Profit margin: 1.5% (down from 2.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Hindustan Adhesives Limited to Report Q4, 2023 Results on May 29, 2023 Hindustan Adhesives Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹232, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 227% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹201, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 173% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹2.11 loss per share (vs ₹9.94 profit in 3Q 2022) Third quarter 2023 results: ₹2.11 loss per share (down from ₹9.94 profit in 3Q 2022). Revenue: ₹763.7m (down 44% from 3Q 2022). Net loss: ₹10.8m (down 121% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Hindustan Adhesives Limited to Report Q3, 2023 Results on Feb 13, 2023 Hindustan Adhesives Limited announced that they will report Q3, 2023 results at 2:00 PM, Indian Standard Time on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹294, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 292% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₹301, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 319% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹3.59 (vs ₹3.79 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.59 (down from ₹3.79 in 2Q 2022). Revenue: ₹738.5m (down 30% from 2Q 2022). Net income: ₹18.4m (down 5.2% from 2Q 2022). Profit margin: 2.5% (up from 1.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Non-Executive Independent Director Ravi Aggarwal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Hindustan Adhesives Limited Announces Executive Changes Hindustan Adhesives Limited announced that at the board meeting held on November 14, 2022 accepted the resignation of Ms. Sneha Srivastava as Company Secretary & Compliance Officer of the Company with effect from November 14, 2022 and approved the appointment of Mr. Amit Kumar Jha as Company Secretary & Compliance Officer of the Company with effect from November 14, 2022. Mr. Amit Kumar Jha is an Associate Member of ICSI and a Commerce Graduate from Delhi University. Announcement • Nov 08
Hindustan Adhesives Limited to Report Q2, 2023 Results on Nov 14, 2022 Hindustan Adhesives Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Board Change • Sep 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Non-Executive Independent Director Ravi Aggarwal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 09
Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2022 Hindustan Adhesives Limited, Annual General Meeting, Sep 30, 2022, at 14:00 Indian Standard Time. Agenda: To consider the audited Financial Statements of the Company for the financial year ended March 31, 2022 and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Urmila Goenka, who retire by rotation and being eligible offers herself for re- appointment; to consider Re-appointment of Madhusudan Bagla as Managing Director of the Company; and to consider any other matters. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 23% share price gain to ₹523, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 530% over the past three years. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹6.02 (vs ₹5.80 in 1Q 2022) First quarter 2023 results: EPS: ₹6.02 (up from ₹5.80 in 1Q 2022). Revenue: ₹1.20b (up 41% from 1Q 2022). Net income: ₹30.8m (up 3.7% from 1Q 2022). Profit margin: 2.6% (down from 3.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Hindustan Adhesives Limited to Report Q1, 2023 Results on Aug 13, 2022 Hindustan Adhesives Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Announcement • Jul 16
Hindustan Adhesives Limited Announces Executive Changes Hindustan Adhesives Limited announced that resignation of Mr. Sarabjeet Singh Dua as Company Secretary & Compliance Officer of the Company with effect from July 15, 2022 and appointment of Ms. Sneha Srivastava (Membership No: A68443) as Company Secretary & Compliance Officer of the Company with effect from July 15, 2022. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹430, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 484% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹422, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 436% over the past three years. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹24.45 (vs ₹17.10 in FY 2021) Full year 2022 results: EPS: ₹24.45 (up from ₹17.10 in FY 2021). Revenue: ₹4.49b (up 108% from FY 2021). Net income: ₹125.2m (up 43% from FY 2021). Profit margin: 2.8% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Hindustan Adhesives Limited to Report Q4, 2022 Results on May 30, 2022 Hindustan Adhesives Limited announced that they will report Q4, 2022 results on May 30, 2022 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹447, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 484% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹410, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 424% over the past three years. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹9.94 (up from ₹1.97 in 3Q 2021). Revenue: ₹1.37b (up 157% from 3Q 2021). Net income: ₹50.9m (up 404% from 3Q 2021). Profit margin: 3.7% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₹382, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 469% over the past three years. Announcement • Feb 03
Hindustan Adhesives Limited to Report Q3, 2022 Results on Feb 14, 2022 Hindustan Adhesives Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹325, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 17x in the Packaging industry in India. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 28% share price gain to ₹299, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 222% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 16% share price gain to ₹251, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 197% over the past three years. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS ₹5.80 (vs ₹5.23 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹850.2m (up 88% from 1Q 2021). Net income: ₹29.7m (up 11% from 1Q 2021). Profit margin: 3.5% (down from 5.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹289, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 247% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 18% share price gain to ₹276, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 19x in the Packaging industry in India. Total returns to shareholders of 244% over the past three years. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS ₹17.09 (vs ₹12.86 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹2.20b (up 41% from FY 2020). Net income: ₹87.5m (up 33% from FY 2020). Profit margin: 4.0% (down from 4.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₹220, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 20% share price gain to ₹135, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 26% over the past three years. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹1.97 (vs ₹4.57 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₹533.6m (up 28% from 3Q 2020). Net income: ₹10.1m (down 57% from 3Q 2020). Profit margin: 1.9% (down from 5.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 03
Hindustan Adhesives Limited to Report Q3, 2021 Results on Feb 13, 2021 Hindustan Adhesives Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 12
New 90-day high: ₹129 The company is up 32% from its price of ₹97.80 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₹115 The company is up 53% from its price of ₹75.05 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 15% share price gain to ₹115, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 7x. This compares to an average P/E of 10x in the Packaging industry in India. Total returns to shareholders over the past three years are 41%. Reported Earnings • Nov 16
Second quarter 2021 earnings released: EPS ₹3.36 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹445.0m (up 6.2% from 2Q 2020). Net income: ₹17.2m (up 12% from 2Q 2020). Profit margin: 3.9% (up from 3.7% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Nov 05
Hindustan Adhesives Limited to Report Q2, 2021 Results on Nov 11, 2020 Hindustan Adhesives Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Valuation Update With 7 Day Price Move • Oct 19
Market bids up stock over the past week After last week's 16% share price gain to ₹105, the stock is trading at a trailing P/E ratio of 7.5x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 9x in the Packaging industry in India. Total returns to shareholders over the past three years are 17%. Is New 90 Day High Low • Oct 13
New 90-day high: ₹97.25 The company is up 12% from its price of ₹86.50 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 23% over the same period. 
