Revenue GrowthSustained revenue expansion from 2020–2025 indicates durable end-market demand and successful distribution penetration. For a manufacturer serving woodworking, furniture and construction, consistent top-line growth supports scale advantages, broader dealer reach and steady long-term cash generation potential.

Improved Gross MarginsRising gross margin over multiple years shows effective cost management or favorable product mix toward higher-value adhesives and sealants. Margin expansion at the gross level is durable if driven by portfolio mix and operational efficiencies, enhancing resilience to raw material swings and supporting reinvestment capacity.

Balance Sheet StrengthSignificant equity growth and improved leverage reflect conservative financing and financial stability. A stronger equity base and lower leverage increase capacity for capex, working-capital financing and M&A, and provide a buffer through industry cycles, improving long-term strategic optionality.

Bears Say

Negative Free Cash FlowA swing to negative free cash flow and falling operating cash flow signal weakening cash conversion of earnings. Over time this constrains internal funding for growth, increases reliance on external financing, and raises execution risk on investments or working-capital needs if not reversed.

Declining Net ProfitabilityEven with rising gross margins, slipping net margins imply pressure from SG&A, financing or other expenses. Persistent net-margin erosion reduces retained earnings and free cash flow, limiting ability to fund capex or marketing needed to defend market share in competitive adhesives markets.

Rising Total LiabilitiesGrowing liabilities, despite better leverage ratios, introduce refinancing and liquidity risk if operating cash flow weakens. Higher obligations can elevate interest and working-capital strain, reducing financial flexibility to weather raw-material volatility or fund strategic initiatives over the medium term.

HP Adhesives Ltd. News

HP Adhesives Reports Fire at Maharashtra Manufacturing Unit; No Casualties, Insurance in Place

HP Adhesives Ltd. ( ($IN:HPAL) ) has provided an update. HP Adhesives Limited has reported a fire incident...

2M ago

HPAL

HP Adhesives Ltd. Announces Non-Applicability of SEBI Regulation for Q3 2025

HP Adhesives Ltd. ( ($IN:HPAL) ) has provided an update. HP Adhesives Ltd. has announced that Regulation 74(5)...

5M ago

HPAL

HPAL FAQ

What was HP Adhesives Ltd.’s price range in the past 12 months?

HP Adhesives Ltd. lowest stock price was ₹29.06 and its highest was ₹57.50 in the past 12 months.

What is HP Adhesives Ltd.’s market cap?

HP Adhesives Ltd.’s market cap is ₹2.85B.

When is HP Adhesives Ltd.’s upcoming earnings report date?

HP Adhesives Ltd.’s upcoming earnings report date is May 08, 2026 which is in 51 days.

How were HP Adhesives Ltd.’s earnings last quarter?

HP Adhesives Ltd. released its earnings results on Feb 12, 2026. The company reported ₹0.177 earnings per share for the quarter, beating the consensus estimate of N/A by ₹0.177.

Is HP Adhesives Ltd. overvalued?

According to Wall Street analysts HP Adhesives Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does HP Adhesives Ltd. pay dividends?

HP Adhesives Ltd. pays a Notavailable dividend of ₹0.4 which represents an annual dividend yield of 0.94%. See more information on HP Adhesives Ltd. dividends here

What is HP Adhesives Ltd.’s EPS estimate?

HP Adhesives Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does HP Adhesives Ltd. have?

HP Adhesives Ltd. has 91,874,730 shares outstanding.

What happened to HP Adhesives Ltd.’s price movement after its last earnings report?

HP Adhesives Ltd. reported an EPS of ₹0.177 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.805%.

Which hedge fund is a major shareholder of HP Adhesives Ltd.?

Currently, no hedge funds are holding shares in IN:HPAL

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

HP Adhesives Ltd.

HP Adhesives Limited manufactures and markets consumer adhesives and sealants products in India. Its products include PVC, cPVC and uPVC, solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricant. The company also offer ancillary products, such as ball valves, thread seal, and other tapes and FRP products for drainage and architectural solutions. It sells its products through a network of distributors in India; and exports its products through a network of distributors and direct customers. The company was founded in 1987 and is based in Mumbai, India.