New Risk • Jul 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.3% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹3.53b market cap, or US$37.1m). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹3.78 (vs ₹3.67 in FY 2025) Full year 2026 results: EPS: ₹3.78 (up from ₹3.67 in FY 2025). Revenue: ₹5.56b (down 4.9% from FY 2025). Net income: ₹173.6m (up 3.0% from FY 2025). Profit margin: 3.1% (up from 2.9% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • May 28
Nikhil Adhesives Limited Proposes Dividend for Financial Year Ended March 31, 2026 Nikhil Adhesives Limited announced that at the Board of Directors of the company in its Meeting held on May 27, 2026 approved dividend of INR 0.22 per equity share of face value of INR 1 each for the financial year ended on March 31, 2026, subject to approval of shareholders in the upcoming Annual General Meeting of the Company. Duyuru • May 19
Nikhil Adhesives Limited to Report Q4, 2026 Results on May 27, 2026 Nikhil Adhesives Limited announced that they will report Q4, 2026 results on May 27, 2026 Buy Or Sell Opportunity • May 04
Now 22% undervalued Over the last 90 days, the stock has risen 28% to ₹89.12. The fair value is estimated to be ₹115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹73.49, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹74.00, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 27% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.76 (vs ₹0.76 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.76 (in line with 3Q 2025). Revenue: ₹1.34b (flat on 3Q 2025). Net income: ₹35.2m (flat on 3Q 2025). Profit margin: 2.6% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 04
Nikhil Adhesives Limited to Report Q3, 2026 Results on Feb 13, 2026 Nikhil Adhesives Limited announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 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 7.0% 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 Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹3.67b market cap, or US$40.6m). New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹4.76b market cap, or US$53.7m). Duyuru • Nov 04
Nikhil Adhesives Limited to Report Q2, 2026 Results on Nov 13, 2025 Nikhil Adhesives Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹114, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 27% over the past three years. Duyuru • Sep 25
Nikhil Adhesives Limited Declares Dividend for the Financial Year Ended March 31, 2025 Nikhil Adhesives Limited declared dividend of INR 0.22 per equity shares of face value of INR 1 each for the financial year ended 31st March, 2025. Declared Dividend • Sep 03
Dividend increased to ₹0.22 Dividend of ₹0.22 is 10.0% higher than last year. Ex-date: 16th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.78 (vs ₹0.99 in 1Q 2025) First quarter 2026 results: EPS: ₹0.78 (down from ₹0.99 in 1Q 2025). Revenue: ₹1.23b (down 23% from 1Q 2025). Net income: ₹35.7m (down 22% from 1Q 2025). Profit margin: 2.9% (up from 2.8% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Aug 11
Nikhil Adhesives Limited, Annual General Meeting, Sep 23, 2025 Nikhil Adhesives Limited, Annual General Meeting, Sep 23, 2025, at 15:00 Indian Standard Time. Duyuru • Aug 02
Nikhil Adhesives Limited to Report Q1, 2026 Results on Aug 08, 2025 Nikhil Adhesives Limited announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jul 08
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 7.3% 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹5.39b market cap, or US$62.9m). Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Madhu Ankleshwaria was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹114, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 49% over the past three years. Duyuru • Jun 18
Nikhil Adhesives Limited Approves Board Appointments Nikhil Adhesives Limited approved regularization of Mr. Sethunathan Charlayath Laxmanan as an Non -Executive -Independent Director of the company; Appointment of Dr. Satish Gaonkar (DIN: 11114859) as an Executive Director of the company; Appointment of Mr. Madhu T Ankleshwaria as an Independent director the Company. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹3.67 (vs ₹2.88 in FY 2024) Full year 2025 results: EPS: ₹3.67 (up from ₹2.88 in FY 2024). Revenue: ₹5.85b (up 3.7% from FY 2024). Net income: ₹168.6m (up 27% from FY 2024). Profit margin: 2.9% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • May 21
Nikhil Adhesives Limited Proposes Dividend for Financial Year Ended 31 March, 2025 Nikhil Adhesives Limited in its Board Meeting Held On May 21, 2025 approved Dividend of INR 0.22 per Equity Share of face value of INR 1 each for the financial year ended on 31 March, 2025, subject to approval of shareholders in the ensuing Annual General Meeting of the Company. Duyuru • May 13
Nikhil Adhesives Limited to Report Q4, 2025 Results on May 21, 2025 Nikhil Adhesives Limited announced that they will report Q4, 2025 results on May 21, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.76 (vs ₹0.65 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.76 (up from ₹0.65 in 3Q 2024). Revenue: ₹1.34b (up 3.2% from 3Q 2024). Net income: ₹35.0m (up 18% from 3Q 2024). Profit margin: 2.6% (up from 2.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Duyuru • Feb 10
Nikhil Adhesives Limited Appoints Satish Gaonkar as Chief Operating Officer Nikhil Adhesives Limited informed that the Company has appointed Dr. Satish Gaonkar as Chief Operating Officer and as a Senior Management Personnel of the Company w.e.f. February 10, 2025. Dr. Satish Gaonkar is an experienced professional with over 35 years of technical and management expertise in the fields of emulsion polymers, paint formulations, and construction chemicals. He has his Ph.D. in Polymer Chemistry from Bombay University in 1995 and his Master's degree in Organic Chemistry from Karnataka University, Dharwad. Dr. Gaonkar's career includes a long tenure of 18 years in leadership roles at BASF, where he worked both in India and internationally, in locations such as Indonesia and China. Prior to his time at BASF,he gained valuable experience at Degussa India (3.5 years), Snowcem India Ltd. (6 years), and Alchemie Research Centre of ICI India Limited (8 years). Throughout his career, Dr. Gaonkar has contributed significantly to the field, publishing over 10 technical papers in renowned international journals related to the polymer and paint industry. Duyuru • Feb 03
Nikhil Adhesives Limited to Report Q3, 2025 Results on Feb 10, 2025 Nikhil Adhesives Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹103, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 30% over the past three years. New Risk • Nov 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (₹5.56b market cap, or US$65.9m). Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.00 (vs ₹0.75 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.00 (up from ₹0.75 in 2Q 2024). Revenue: ₹1.48b (up 2.8% from 2Q 2024). Net income: ₹45.9m (up 33% from 2Q 2024). Profit margin: 3.1% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Duyuru • Nov 05
Nikhil Adhesives Limited to Report Q2, 2025 Results on Nov 12, 2024 Nikhil Adhesives Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Declared Dividend • Sep 04
Dividend of ₹0.20 announced Dividend of ₹0.20 is the same as last year. Ex-date: 19th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Aug 27
Nikhil Adhesives Limited, Annual General Meeting, Sep 26, 2024 Nikhil Adhesives Limited, Annual General Meeting, Sep 26, 2024, at 15:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹0.99 (vs ₹0.67 in 1Q 2024) First quarter 2025 results: EPS: ₹0.99 (up from ₹0.67 in 1Q 2024). Revenue: ₹1.61b (up 14% from 1Q 2024). Net income: ₹45.5m (up 48% from 1Q 2024). Profit margin: 2.8% (up from 2.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹2.88 (vs ₹3.71 in FY 2023) Full year 2024 results: EPS: ₹2.88 (down from ₹3.71 in FY 2023). Revenue: ₹5.65b (down 24% from FY 2023). Net income: ₹132.5m (down 22% from FY 2023). Profit margin: 2.3% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Duyuru • May 17
Nikhil Adhesives Limited to Report Q4, 2024 Results on May 22, 2024 Nikhil Adhesives Limited announced that they will report Q4, 2024 results on May 22, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.65 (vs ₹0.63 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.65 (up from ₹0.63 in 3Q 2023). Revenue: ₹1.30b (down 19% from 3Q 2023). Net income: ₹29.6m (up 2.3% from 3Q 2023). Profit margin: 2.3% (up from 1.8% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Duyuru • Feb 02
Nikhil Adhesives Limited to Report Q3, 2024 Results on Feb 09, 2024 Nikhil Adhesives Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹0.75 (vs ₹0.92 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.75 (down from ₹0.92 in 2Q 2023). Revenue: ₹1.44b (down 27% from 2Q 2023). Net income: ₹34.5m (down 18% from 2Q 2023). Profit margin: 2.4% (up from 2.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 28
Nikhil Adhesives Limited Appoints Anita Umesh Sanghavi as Chief Financial Officer Nikhil Adhesives Limited at its board meeting held on September 27, 2023 appointed Mrs. Anita Umesh Sanghavi as Chief Financial Officer (KMP) of the Company as per the recommendation of Nomination & Remuneration Committee and Audit Committee whose meetings were held on the same day. Mrs. Anita Umesh Sanghavi, a Commerce Graduate from Mumbai University and is having vast specialized experience m Finance and Accounting. Duyuru • Sep 26
Nikhil Adhesives Limited Announces Resignation of Naresh Damodardas Bhuta, Independent Director Nikhil Adhesives Limited announced that Mr. Naresh Damodardas Bhuta, independent director of the company has tendered his resignation with effect from September 25, 2023 on account of personal reason and other professional commitments. Duyuru • Sep 22
Nikhil Adhesives Limited Starts Trials of New Product RDP Nikhil Adhesives Limited informed that the Company has successfully started the trials of its new product RDP (Re-dispensible Polymer Powder). Upcoming Dividend • Sep 07
Upcoming dividend of ₹0.20 per share at 0.2% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 21 October 2023. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.8%). Duyuru • Aug 29
Nikhil Adhesives Limited Recommends Dividend for the Financial Year Ended 31 March, 2023 Nikhil Adhesives Limited recommended to declare dividend of INR 0.2 per equity shares of face value of INR 1 each for the financial year ended 31st March, 2023. Duyuru • Aug 25
Nikhil Adhesives Limited, Annual General Meeting, Sep 21, 2023 Nikhil Adhesives Limited, Annual General Meeting, Sep 21, 2023, at 12:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.67 (vs ₹1.37 in 1Q 2023) First quarter 2024 results: EPS: ₹0.67 (down from ₹1.37 in 1Q 2023). Revenue: ₹1.42b (down 37% from 1Q 2023). Net income: ₹30.7m (down 51% from 1Q 2023). Profit margin: 2.2% (down from 2.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 06
Nikhil Adhesives Limited to Report Q1, 2024 Results on Aug 14, 2023 Nikhil Adhesives Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Duyuru • Jul 08
Nikhil Adhesives Limited Announces Resignation of Mr. Umesh Shah Chief Financial Officer (Cfo) Nikhil Adhesives Limited announced that Mr. Umesh Shah has tendered his resignation from the post of Chief Financial Officer of the Company with effect from 07 July, 2023 due to personal reasons. Reported Earnings • May 17
Full year 2023 earnings released: EPS: ₹3.71 (vs ₹5.50 in FY 2022) Full year 2023 results: EPS: ₹3.71 (down from ₹5.50 in FY 2022). Revenue: ₹7.44b (down 8.6% from FY 2022). Net income: ₹170.4m (down 33% from FY 2022). Profit margin: 2.3% (down from 3.1% 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 36% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹142, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 1,440% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹112, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,064% over the past three years. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹0.63 (vs ₹1.27 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.63 (down from ₹1.27 in 3Q 2022). Revenue: ₹1.62b (down 27% from 3Q 2022). Net income: ₹29.0m (down 50% from 3Q 2022). Profit margin: 1.8% (down from 2.6% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 108% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 03
Nikhil Adhesives Limited to Report Q2, 2023 Results on Nov 10, 2022 Nikhil Adhesives Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹177, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 1,269% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 22% share price gain to ₹1,941, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 1,449% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,777, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 1,323% over the past three years. Duyuru • Sep 13
Nikhil Adhesives Limited Approves Dividend for the Financial Year Ended 31 March, 2022 Nikhil Adhesives Limited approved dividend of INR 2 per equity shares of face value of INR 10 each for the financial year ended 31st March, 2022, at its Annual General Meeting held on Sep. 12, 2022. Duyuru • Sep 07
Nikhil Adhesives Proposes Dividend for Financial Year Ended 31st March, 2022 Nikhil Adhesives Limited at the AGM to be held on September 12, 2022 proposes to declare dividend of INR 2 per equity shares of face value of INR 10 each for the financial year ended 31st March, 2022. Upcoming Dividend • Aug 26
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₹992, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 595% over the past three years. Duyuru • Aug 19
Nikhil Adhesives Limited, Annual General Meeting, Sep 12, 2022 Nikhil Adhesives Limited, Annual General Meeting, Sep 12, 2022, at 12:00 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹13.67 (vs ₹13.55 in 1Q 2022) First quarter 2023 results: EPS: ₹13.67 (up from ₹13.55 in 1Q 2022). Revenue: ₹2.24b (up 28% from 1Q 2022). Net income: ₹62.8m (flat on 1Q 2022). Profit margin: 2.8% (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 62% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 10
Nikhil Adhesives Limited Announces Resignation of Rachana Baria as Company Secretary and Compliance Officer Nikhil Adhesives Limited announced resignation of Ms. Rachana Baria from the post of Company Secretary and Compliance Officer, Key Managerial Personnel of the Company due to personal reason with effect from 12th August, 2022. Duyuru • Jul 24
Nikhil Adhesives Limited to Report Q1, 2023 Results on Aug 09, 2022 Nikhil Adhesives Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹748, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 414% over the past three years. Duyuru • May 22
Nikhil Adhesives Limited Recommends Dividend for the Financial Year Ended March 31, 2022 The Board of Directors of Nikhil Adhesives Limited at its meeting held on May 21, 2022, recommended a dividend of INR 2 per Equity Share of face value of INR 10 each for the financial year ended March 31, 2022, which will be subject to approval of shareholders in the ensuing Annual General Meeting of the Company. Reported Earnings • May 22
Full year 2022 earnings released: EPS: ₹54.99 (vs ₹34.07 in FY 2021) Full year 2022 results: EPS: ₹54.99 (up from ₹34.07 in FY 2021). Revenue: ₹8.14b (up 66% from FY 2021). Net income: ₹252.6m (up 61% from FY 2021). Profit margin: 3.1% (down from 3.2% 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 66% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹918, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 652% over the past three years. Duyuru • Feb 19
Nikhil Adhesives Announces Executive Changes Nikhil Adhesives Limited announced that Mrs. Anita U. Sanghavi, resigned from the position of Chief Financial Officer of the Company with effect from 18th February, 2022. The Board of Directors approved the appointment of Mr. Anil P. Gupta as a Chief Financial Officer of the Company in its meeting held on February 11, 2022 with effect from 18th February, 2022. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹704, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 491% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹12.66 (down from ₹14.84 in 3Q 2021). Revenue: ₹2.21b (up 56% from 3Q 2021). Net income: ₹58.2m (down 15% from 3Q 2021). Profit margin: 2.6% (down from 4.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 12
Nikhil Adhesives Limited Announces CFO Changes Nikhil Adhesives Limited announced that at the meeting of the Board of Directors held on 11 February, 2022, approved resignation of Mrs. Anita U. Sanghavi as a Chief Financial Officer of the Company with effect from 18 February, 2022. Appointment of Mr. Anil P. Gupta as a Chief Financial Officer of the Company with effect from 18 February, 2022. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 24% share price gain to ₹848, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 517% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹15.44 (vs ₹6.66 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.99b (up 87% from 2Q 2021). Net income: ₹71.0m (up 132% from 2Q 2021). Profit margin: 3.6% (up from 2.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year whereas the company’s share price has increased by 72% per year. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹826, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 411% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹34.07 (vs ₹15.29 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹4.91b (up 16% from FY 2020). Net income: ₹156.5m (up 123% from FY 2020). Profit margin: 3.2% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹639, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 24% share price gain to ₹530, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 144% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₹416, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 70% over the past three years. Executive Departure • Apr 03
Non Executive Independent Director has left the company On the 31st of March, Hirebettu Kamath's tenure as Non Executive Independent Director ended after 17.1 years in the role. We don't have any record of a personal shareholding under Hirebettu's name. A total of 2 executives have left over the last 12 months. Executive Departure • Apr 03
Non Executive Independent Director has left the company On the 31st of March, Madhusudan Vora's tenure as Non Executive Independent Director ended after 18.2 years in the role. We don't have any record of a personal shareholding under Madhusudan's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Mar 15
New 90-day high: ₹421 The company is up 148% from a price of ₹170 on 15 December 2020. Outperformed the Indian market which is up 14% over the last 90 days. Exceeded the Chemicals industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₹421, the stock trades at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.5x. Average P/E is 17x in the Chemicals industry in India. Total returns to shareholders over the past three years are 82%. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 40% share price gain to ₹391, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 16x in the Chemicals industry in India. Total returns to shareholders over the past three years are 56%. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹14.84 (vs ₹3.76 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.42b (up 42% from 3Q 2020). Net income: ₹68.2m (up 282% from 3Q 2020). Profit margin: 4.8% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 05
Nikhil Adhesives Limited to Report Q3, 2021 Results on Feb 11, 2021 Nikhil Adhesives Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: ₹280 The company is up 104% from its price of ₹137 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 16% over the same period. 
