BSE: 514428 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Adhesives Ltd is a good quality company.
The key valuation ratios of Hindustan Adhesives Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15% | 16.6% | 19.3% | 9.9% | 11.4% | 11.9% | 17% | 20.2% | 9.7% | 20.7% | - |
| Value Creation Index ⓘ | 0.1 | 0.2 | 0.4 | -0.3 | -0.2 | -0.2 | 0.2 | 0.4 | -0.3 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 76.3 | 69.2 | 74.1 | 75.5 | 139 | 153 | 214 | 449 | 322 | 304 | 290 |
| Sales YoY Gr. | - | -9.3% | 7.2% | 1.9% | 83.5% | 10.4% | 39.6% | 110.2% | -28.4% | -5.4% | - |
| Adj EPS ⓘ | 2.7 | 4.2 | 9.2 | 4.3 | 3.4 | 9.9 | 11.8 | 19.1 | 5 | 29.2 | 30.9 |
| YoY Gr. | - | 53.1% | 120.7% | -53% | -20.7% | 190.4% | 18.9% | 61.7% | -73.6% | 479.2% | - |
| BVPS (₹) ⓘ | 34.2 | 38.3 | 47.4 | 52.3 | 57.3 | 67.7 | 84.6 | 107.2 | 116.7 | 148.3 | 163 |
| Adj Net Profit ⓘ | 1.4 | 2.1 | 4.7 | 2.2 | 1.8 | 5.1 | 6 | 9.8 | 2.6 | 14.9 | 16 |
| Cash Flow from Ops. ⓘ | 10.1 | 8.2 | 7.2 | 5.4 | 11.3 | 10 | 6 | 24.8 | 27 | 26.7 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 2.5 | 2.9 | 9.1 | 4.7 | 7 | 13.9 | 3.2 | 2.5 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.6% | 17% | 12.5% | -5.4% | ||||
| Adj EPS ⓘ | 30.2% | 53.6% | 35.2% | 479.2% | ||||
| BVPSⓘ | 17.7% | 21% | 20.6% | 27.1% | ||||
| Share Price | 30.7% | 42.8% | 19.9% | 31% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.3 | 11.5 | 21.4 | 8.6 | 6.2 | 15.9 | 15.5 | 19.9 | 4.5 | 22 | 19.9 |
| Op. Profit Mgn % ⓘ | 11.9 | 14 | 14.5 | 10.7 | 8 | 8.1 | 10 | 7.4 | 6.3 | 10.8 | 11.1 |
| Net Profit Mgn % ⓘ | 1.8 | 3.1 | 6.3 | 2.9 | 1.3 | 3.3 | 2.8 | 2.2 | 0.8 | 4.9 | 5.5 |
| Debt to Equity ⓘ | 1.3 | 1.1 | 0.9 | 1.8 | 1.8 | 2 | 1.9 | 1.5 | 1.1 | 0.8 | 0.2 |
| Working Cap Days ⓘ | 133 | 137 | 133 | 168 | 123 | 123 | 117 | 83 | 118 | 107 | 53 |
| Cash Conv. Cycle ⓘ | 55 | 67 | 69 | 80 | 56 | 57 | 51 | 35 | 57 | 57 | -2 |
Return on Equity has increased versus last 3 years average to 19.90%
Sales growth is growing at healthy rate in last 3 years 12.49%
Net Profit is growing at healthy rate in last 3 years 35.21%
Debt to equity has declined versus last 3 years average to 0.80
Sales growth is not so good in last 4 quarters at 1.95%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 30.9 | 30.9 |
| TTM Sales (₹ Cr.) | 290 | 290 |
| BVPS (₹.) ⓘ | 163 | 162.6 |
| Reserves (₹ Cr.) ⓘ | 78 | 78 |
| P/BV ⓘ | 2.62 | 2.63 |
| PE ⓘ | 13.82 | 13.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 300.00 / 538.80 |
| All Time Low / High (₹) | 0.50 / 658.40 |
| Market Cap (₹ Cr.) | 219 |
| Equity (₹ Cr.) | 5.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 76 | 69 | 74 | 76 | 139 | 153 | 214 | 449 | 322 | 304 |
| Operating Expenses ⓘ | 67 | 59 | 63 | 67 | 128 | 141 | 192 | 416 | 301 | 271 |
| Manufacturing Costs | 11 | 11 | 12 | 12 | 16 | 11 | 13 | 19 | 20 | 19 |
| Material Costs | 45 | 36 | 38 | 41 | 89 | 97 | 137 | 318 | 217 | 190 |
| Employee Cost | 5 | 6 | 6 | 7 | 10 | 12 | 13 | 18 | 20 | 20 |
| Other Costs ⓘ | 6 | 7 | 8 | 7 | 13 | 21 | 30 | 61 | 45 | 42 |
| Operating Profit ⓘ | 9 | 10 | 11 | 8 | 11 | 12 | 21 | 33 | 20 | 33 |
| Operating Profit Margin (%) | 11.9% | 14.0% | 14.5% | 10.7% | 8.0% | 8.1% | 10.0% | 7.4% | 6.3% | 10.8% |
| Other Income ⓘ | 0 | 0 | 1 | 1 | 4 | 6 | 7 | 4 | 3 | 3 |
| Interest ⓘ | 3 | 3 | 3 | 3 | 5 | 5 | 6 | 8 | 7 | 5 |
| Depreciation ⓘ | 4 | 3 | 3 | 3 | 6 | 7 | 8 | 11 | 11 | 9 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 |
| Tax ⓘ | 1 | 1 | 0 | 1 | 1 | -1 | 5 | 6 | 1 | 5 |
| Profit After Tax | 2 | 2 | 5 | 2 | 2 | 7 | 9 | 13 | 5 | 16 |
| PAT Margin (%) | 2.1% | 3.1% | 6.6% | 3.3% | 1.7% | 4.3% | 4.1% | 2.8% | 1.5% | 5.4% |
| Adjusted EPS (₹) | 3.1 | 4.2 | 9.6 | 4.9 | 4.6 | 12.9 | 17.1 | 24.5 | 9.5 | 32.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 17 | 20 | 24 | 27 | 29 | 35 | 43 | 55 | 60 | 76 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 12 | 14 | 19 | 22 | 24 | 30 | 38 | 50 | 55 | 71 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 22 | 18 | 21 | 49 | 54 | 70 | 84 | 80 | 66 | 60 |
| Long Term Debt | 6 | 3 | 3 | 30 | 29 | 44 | 46 | 32 | 19 | 9 |
| Short Term Debt | 17 | 15 | 18 | 19 | 25 | 26 | 37 | 48 | 47 | 51 |
| Trade Payables | 10 | 7 | 8 | 14 | 20 | 11 | 21 | 41 | 25 | 25 |
| Others Liabilities ⓘ | 6 | 9 | 6 | 7 | 9 | 11 | 19 | 29 | 19 | 19 |
| Total Liabilities ⓘ | 56 | 54 | 59 | 97 | 111 | 127 | 166 | 206 | 170 | 180 |
Fixed Assets | ||||||||||
| Gross Block | 52 | 54 | 57 | 58 | 91 | 104 | 124 | 139 | 146 | 150 |
| Accumulated Depreciation | 28 | 31 | 35 | 37 | 35 | 42 | 48 | 59 | 69 | 78 |
| Net Fixed Assetsⓘ | 24 | 22 | 23 | 21 | 56 | 62 | 76 | 80 | 77 | 72 |
| CWIP ⓘ | 0 | 0 | 1 | 32 | 0 | 11 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 15 |
| Inventories | 12 | 13 | 12 | 19 | 22 | 20 | 25 | 49 | 51 | 38 |
| Trade Receivables | 13 | 12 | 14 | 15 | 22 | 18 | 32 | 47 | 26 | 40 |
| Cash Equivalents | 2 | 2 | 1 | 2 | 2 | 1 | 4 | 3 | 1 | 2 |
| Others Assetsⓘ | 4 | 4 | 6 | 8 | 7 | 14 | 27 | 24 | 11 | 13 |
| Total Assets ⓘ | 56 | 54 | 59 | 97 | 111 | 127 | 166 | 206 | 170 | 180 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 10 | 8 | 7 | 5 | 11 | 10 | 6 | 25 | 27 | 27 |
| PBT ⓘ | 3 | 3 | 5 | 3 | 4 | 6 | 14 | 18 | 6 | 22 |
| Adjustment ⓘ | 7 | 7 | 6 | 5 | 10 | 12 | 13 | 18 | 16 | 13 |
| Changes in Working Capital ⓘ | 1 | -1 | -3 | -2 | -2 | -6 | -18 | -5 | 7 | -1 |
| Tax Paid ⓘ | -1 | -1 | -1 | -1 | 0 | -2 | -3 | -6 | -2 | -7 |
| Cash Flow From Investing Activity ⓘ | -6 | -3 | -5 | -31 | -10 | -23 | -12 | -15 | -10 | -15 |
| Capex | -5 | -1 | -5 | -1 | -10 | -23 | -12 | -15 | -8 | -4 |
| Net Investments | 0 | -2 | 0 | 1 | 0 | 0 | 0 | 0 | -2 | -12 |
| Others ⓘ | 0 | 0 | 0 | -30 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | -5 | -3 | 26 | -1 | 12 | 8 | -10 | -20 | -10 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 26 | -1 | 15 | 2 | -14 | -13 | -10 |
| Interest Paid ⓘ | -3 | -3 | -2 | -2 | -5 | -5 | -5 | -7 | -6 | -4 |
| Dividend Paid ⓘ | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | -2 | 0 | 2 | 5 | 1 | 12 | 11 | -1 | 4 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 1 | 1 | -1 | 2 | 0 | -2 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.45 | 11.44 | 22.39 | 9.76 | 8.46 | 20.58 | 22.46 | 25.52 | 8.49 | 24.2 |
| ROCE (%) | 14.97 | 16.58 | 19.32 | 9.89 | 11.38 | 11.86 | 17.03 | 20.19 | 9.66 | 20.67 |
| Asset Turnover Ratio | 1.51 | 1.4 | 1.46 | 1.03 | 1.33 | 1.28 | 1.46 | 2.42 | 1.71 | 1.74 |
| PAT to CFO Conversion(x) | 5 | 4 | 1.4 | 2.5 | 5.5 | 1.43 | 0.67 | 1.92 | 5.4 | 1.69 | Working Capital Days |
| Receivable Days | 59 | 59 | 57 | 68 | 50 | 48 | 43 | 32 | 42 | 39 |
| Inventory Days | 50 | 59 | 55 | 70 | 53 | 50 | 39 | 30 | 57 | 53 |
| Payable Days | 80 | 85 | 75 | 98 | 69 | 58 | 42 | 35 | 56 | 48 |
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:
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
Achievements/ recognition :
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
