Established in 1988, Hindustan Adhesive Ltd has emerged as a leading manufacturer and supplier of Carton Sealing Tapes and Adhesive Coated products. With decades of expertise in the industry, the company has established a strong reputation for quality and reliability in its offerings.
In this article, we delve into the comprehensive story of Hindustan Adhesive Ltd, exploring its journey, products, market presence, and contributions to the adhesive solutions sector. Join us as we uncover the intricacies that have positioned Hindustan Adhesive Ltd as a formidable player in the adhesive industry.
Hindustan Adhesive Ltd: Innovating Excellence in Adhesive Solutions
Hindustan Adhesive Ltd (HAL), a part of the Bagla Group, stands out as an integrated producer specializing in a wide array of adhesive products. Established facilities include dedicated units for manufacturing Carton Sealing Tapes, BOPP Adhesive Tapes utilizing both Acrylic and Hot-Melt technologies, and specialty tapes such as Filament Tapes, Carry Handle Tapes, and more. HAL boasts comprehensive capabilities with its own adhesive production facility, in-house paper core and carton manufacturing, and multiple printing, slitting, and spooling facilities. These resources enable the company to offer a diverse range of value-added products that cater to both domestic and international markets, serving as effective substitutes for imported equivalents.
Strategically located manufacturing units in Ghaziabad, Roorkee, and Mundra collectively contribute to HAL’s impressive production capacity, which currently stands at 42 million square meters. This infrastructure not only supports HAL’s robust operational efficiency but also underscores its commitment to quality and innovation in the adhesive solutions sector.
Hindustan Adhesives Ltd Delivers Strong Q4 FY2023-2024 Performance: Revenue Soars, Profits Surge
- Revenue: ₹71.94Cr, marking a 31.09% increase from the same period last year. Quarterly growth shows a modest 1.1% rise.
- Net Profits: ₹3.76Cr, reflecting a significant 265.05% surge compared to the same period last year. However, there has been a -17.36% decline in net profits on a quarterly basis.
- Net Profit Margins: Improved to 5.23%, up by 178.48% from the previous year’s Q4. On a quarterly basis, net profit margins saw a decrease of -18.26%.
Below are the trading platforms that you can use to purchase HAL shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 408.24 | 354.99 |
| July 2024 | 404.16 | 351.44 |
| August 2024 | 420.32 | 365.50 |
| September 2024 | 437.14 | 380.12 |
| October 2024 | 428.57 | 372.67 |
| November 2024 | 441.42 | 383.85 |
| December 2024 | 452.46 | 393.44 |
Hindustan Adhesives Ltd (HAL) is poised for potential growth based on its projected share price targets for 2024. The company’s stock has shown a range of estimates from ₹354.99 to ₹452.46 by December 2024, reflecting optimistic market sentiment.
Currently priced at ₹378 (as of June 14th, 2024), HAL has a market cap of ₹193 Cr. with a high/low range of ₹539 and ₹172. The stock’s P/E ratio stands at 11.8, with a book value of ₹148. HAL offers a robust Return on Capital Employed (ROCE) of 20.7% and Return on Equity (ROE) of 24.2%, highlighting strong financial performance and potential shareholder returns in the adhesive solutions sector.
| When | Maximum Price | Minimum Price |
| January 2025 | 461.51 | 355.01 |
| February 2025 | 473.34 | 364.11 |
| March 2025 | 491.80 | 378.31 |
| April 2025 | 482.16 | 370.89 |
| May 2025 | 468.11 | 360.09 |
| June 2025 | 489.18 | 376.29 |
| July 2025 | 479.59 | 368.91 |
| August 2025 | 494.42 | 380.32 |
| September 2025 | 511.73 | 393.63 |
| October 2025 | 525.03 | 403.87 |
| November 2025 | 538.16 | 413.97 |
| December 2025 | 551.61 | 424.32 |
Hindustan Adhesives Ltd (HAL) anticipates a promising trajectory for its share price in 2025, as projected targets indicate significant potential growth. Estimates show the stock reaching between ₹355.01 and ₹551.61 by December 2025, reflecting bullish market expectations.
HAL’s diverse clientele includes prominent names such as Parle Agro Limited, Britannia Industries Ltd, Nestle India Limited, and ITC Limited, underscoring its strong market presence and customer base. This, coupled with robust financial indicators like a market cap of ₹193 Cr., a current P/E ratio of 11.8, and impressive ROCE of 20.7% and ROE of 24.2%, positions HAL favorably for continued success in the adhesive solutions sector.
| When | Maximum Price | Minimum Price |
| January 2026 | 568.16 | 437.04 |
| February 2026 | 582.73 | 448.25 |
| March 2026 | 605.45 | 465.73 |
| April 2026 | 593.58 | 456.60 |
| May 2026 | 576.29 | 443.30 |
| June 2026 | 602.23 | 463.25 |
| July 2026 | 590.42 | 454.17 |
| August 2026 | 608.68 | 468.21 |
| September 2026 | 629.98 | 484.60 |
| October 2026 | 646.36 | 497.20 |
| November 2026 | 662.52 | 509.63 |
| December 2026 | 679.08 | 522.37 |
Hindustan Adhesives Ltd projects robust growth in its share price for 2026, with anticipated targets ranging from ₹437.04 to ₹679.08 by December. The company’s revenue breakdown for FY23 reveals that sale of products accounted for approximately 98%, with scrap sale and other income contributing around 1% each.
HAL’s geographical revenue split in FY23 shows a strong export orientation, with export sales comprising 68% of total revenue and domestic sales making up the remaining 32%. These figures underscore HAL’s strategic focus on both domestic and international markets, positioning it well for continued expansion and profitability in the adhesive solutions industry.
| When | Maximum Price | Minimum Price |
| January 2027 | 692.66 | 532.82 |
| February 2027 | 710.42 | 546.48 |
| March 2027 | 738.13 | 567.79 |
| April 2027 | 723.66 | 556.66 |
| May 2027 | 702.58 | 540.45 |
| June 2027 | 734.20 | 564.77 |
| July 2027 | 719.80 | 553.69 |
| August 2027 | 742.06 | 570.82 |
| September 2027 | 768.03 | 590.80 |
| October 2027 | 788.00 | 606.16 |
| November 2027 | 807.70 | 621.31 |
| December 2027 | 827.90 | 636.84 |
HAL projects a promising outlook for its share price in 2027, with expected targets ranging from ₹532.82 to ₹827.90 by December. The company has strategically expanded its capabilities, completing planned expansions in the Kutch region to increase manufacturing capacities for BOPP Packaging Tapes aimed at international markets.
HAL’s proactive approach includes participation in overseas exhibitions in Germany and Italy, alongside the appointment of global sales representatives to enhance market penetration. Looking ahead, HAL plans to diversify its product portfolio with new additions and establish new manufacturing facilities through its subsidiary, Bagla Technopack Private Limited, focusing on sustainable packaging solutions to drive future growth and innovation.
| When | Maximum Price | Minimum Price |
| January 2028 | 844.45 | 649.58 |
| February 2028 | 866.11 | 666.24 |
| March 2028 | 899.89 | 692.22 |
| April 2028 | 882.24 | 678.65 |
| May 2028 | 856.54 | 658.88 |
| June 2028 | 895.09 | 688.53 |
| July 2028 | 877.54 | 675.03 |
| August 2028 | 904.68 | 695.91 |
| September 2028 | 936.34 | 720.26 |
| October 2028 | 960.69 | 738.99 |
| November 2028 | 984.70 | 757.46 |
| December 2028 | 1,009.32 | 776.40 |
- January 2028: ₹649.58 (Minimum)
- December 2028: ₹1,009.32 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 1,029.51 | 791.93 |
| February 2029 | 1,055.91 | 812.24 |
| March 2029 | 1,097.09 | 843.91 |
| April 2029 | 1,075.57 | 827.36 |
| May 2029 | 1,044.25 | 803.27 |
| June 2029 | 1,091.24 | 839.41 |
| July 2029 | 1,069.84 | 822.95 |
| August 2029 | 1,102.93 | 848.41 |
| September 2029 | 1,141.53 | 878.10 |
| October 2029 | 1,171.21 | 900.93 |
| November 2029 | 1,200.49 | 923.46 |
| December 2029 | 1,230.50 | 946.54 |
- January 2029: ₹791.93(Minimum)
- December 2029: ₹1,230.50 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 1,255.11 | 965.47 |
| February 2030 | 1,287.30 | 990.23 |
| March 2030 | 1,337.50 | 1,028.85 |
| April 2030 | 1,311.28 | 1,008.67 |
| May 2030 | 1,273.08 | 979.29 |
| June 2030 | 1,330.37 | 1,023.36 |
| July 2030 | 1,304.29 | 1,003.30 |
| August 2030 | 1,344.62 | 1,034.33 |
| September 2030 | 1,391.69 | 1,070.53 |
| October 2030 | 1,427.87 | 1,098.36 |
| November 2030 | 1,463.57 | 1,125.82 |
| December 2030 | 1,500.16 | 1,153.97 |
- January 2030: ₹965.47 (Minimum)
- December 2030: ₹1,500.16 (Maximum)
Financial Condition of Hindustan Adhesives: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 140 | 153 | 214 | 449 | 321 | 304 |
| Expenses (Rs. Crores) | 129 | 141 | 192 | 416 | 301 | 271 |
| Operating Profit (Rs. Crores) | 11 | 12 | 21 | 33 | 20 | 33 |
| Other Income (Rs. Crores) | 4 | 6 | 7 | 4 | 3 | 3 |
| Interest (Rs. Crores) | 5 | 5 | 6 | 8 | 7 | 5 |
| Depreciation (Rs. Crores) | 6 | 7 | 8 | 11 | 11 | 9 |
| Profit Before Tax (Rs. Crores) | 4 | 6 | 14 | 18 | 6 | 22 |
| Tax (Rs. Crores) | – | 2 | 5 | 5 | 2 | 5 |
| Net Profit (Rs. Crores) | 2 | 7 | 9 | 13 | 5 | 16 |
| EPS (Rs.) | 4.63 | 12.86 | 17.10 | 24.47 | 9.50 | 32.07 |
- Hindustan Adhesives Ltd (HAL) has shown robust financial performance over the past five years, with sales increasing from ₹140 Crores in 2019 to ₹304 Crores in 2024, reflecting a 17% CAGR.
- Operating profits have maintained strength, peaking at ₹33 Crores in both 2022 and 2024.
- Net profits have grown significantly, reaching ₹16 Crores in 2024 from ₹2 Crores in 2019.
- HAL’s compounded profit growth rates highlight strong recent performance, notably achieving a 241% growth rate on a trailing twelve-month basis.
- The company’s stock price has demonstrated impressive CAGRs over different periods, signaling investor confidence and market recognition.
- Return on equity (ROE) reached a peak of 24% in the last year, underscoring HAL’s capability to generate substantial returns for shareholders.
FAQs
What is Hindustan Adhesives Ltd’s current market cap?
Presently, Hindustan Adhesives Ltd commands a market capitalization of ₹193 Crores.
As of June 14th, 2024, Hindustan Adhesives Ltd’s shares are priced at ₹378.
The anticipated share price for Hindustan Adhesives Ltd in December 2025 ranges between ₹355.01 and ₹551.61.
By December 2030, Hindustan Adhesives Ltd is projected to reach a share price range of ₹965.47 to ₹1,500.16.
What is Hindustan Adhesives Ltd’s current P/E ratio?
Hindustan Adhesives Ltd currently maintains a P/E ratio of 11.8.
What was Hindustan Adhesives Ltd’s revenue in FY2023-2024?
In the fourth quarter of FY2023-2024, Hindustan Adhesives Ltd recorded a revenue of ₹71.94 Crores, marking a 31.09% increase from the previous year.
What was Hindustan Adhesives Ltd’s net profit in FY2023-2024?
Hindustan Adhesives Ltd achieved a notable net profit of ₹3.76 Crores during Q4 FY2023-2024, reflecting a substantial 265.05% surge compared to the same period last year.
What was the net profit margin of Hindustan Adhesives Ltd in Q4 FY2023-2024?
The net profit margin for Hindustan Adhesives Ltd in Q4 FY2023-2024 improved to 5.23%, a significant 178.48% increase from the previous year’s corresponding quarter.
What is the return on equity (ROE) for Hindustan Adhesives Ltd in the last year?
In the most recent fiscal year, Hindustan Adhesives Ltd demonstrated a robust return on equity (ROE) of 24.2%.
How has Hindustan Adhesives Ltd’s operating profit trended over the past five years?
Hindustan Adhesives Ltd has consistently strengthened its operating profit, reaching a peak of ₹33 Crores in both 2022 and 2024.
What is the historical growth rate of Hindustan Adhesives Ltd’s stock price?
Hindustan Adhesives Ltd’s stock price has shown impressive compound annual growth rates (CAGRs) of 44% over 10 years, 35% over 5 years, and 23% over 3 years, reflecting strong investor confidence.
How has Hindustan Adhesives Ltd’s net profit margin evolved over the past five years?
Over the last five years, Hindustan Adhesives Ltd’s net profit margin has exhibited variations but showed a significant improvement to 11% in FY2024, impacted by market dynamics.
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Conclusion: Hindustan Adhesives Ltd – Pioneering Growth and Innovation in Adhesive Solutions
In conclusion, Hindustan Adhesives Ltd (HAL), established in 1988, has solidified its position as a leading manufacturer in the adhesive solutions industry. Known for its comprehensive range of products including Carton Sealing Tapes and BOPP Adhesive Tapes, HAL has built a strong reputation for quality and reliability both domestically and internationally. The company’s strategic manufacturing facilities in Ghaziabad, Roorkee, and Mundra exemplify its robust operational capabilities and commitment to meeting diverse market needs.
HAL’s recent financial performance underscores its resilience and growth trajectory. With a substantial increase in revenue and significant surge in net profits in Q4 FY2023-2024, HAL has demonstrated strong operational efficiency and profitability. Financial metrics such as a market capitalization of ₹193 Crores, a competitive P/E ratio, and impressive returns on equity and capital employed highlight HAL’s ability to generate substantial shareholder value.
Looking forward, HAL remains poised for continued success through proactive expansion initiatives and a focus on innovation. With projected share price targets reflecting positive market sentiment and a history of solid financial performance, HAL is well-positioned to capitalize on future opportunities and deliver sustained value to its stakeholders in the dynamic adhesive solutions sector.
What did we learn?
- 1 Hindustan Adhesive Ltd: Innovating Excellence in Adhesive Solutions
- 2 Hindustan Adhesives Ltd Delivers Strong Q4 FY2023-2024 Performance: Revenue Soars, Profits Surge
- 3 How to Purchase Hindustan Adhesives Ltd Shares in India?
- 4 Hindustan Adhesives Ltd Share Price Target 2024 – 2030
- 5 Financial Condition of Hindustan Adhesives: Last 5 Years
- 6 FAQs
- 6.1 What is Hindustan Adhesives Ltd’s current market cap?
- 6.2 What is the current share price of Hindustan Adhesives Ltd?
- 6.3 What is the share price target for Hindustan Adhesives Ltd in 2025?
- 6.4 What is the share price target for Hindustan Adhesives Ltd in 2030?
- 6.5 What is Hindustan Adhesives Ltd’s current P/E ratio?
- 6.6 What was Hindustan Adhesives Ltd’s revenue in FY2023-2024?
- 6.7 What was Hindustan Adhesives Ltd’s net profit in FY2023-2024?
- 6.8 What was the net profit margin of Hindustan Adhesives Ltd in Q4 FY2023-2024?
- 6.9 What is the return on equity (ROE) for Hindustan Adhesives Ltd in the last year?
- 6.10 How has Hindustan Adhesives Ltd’s operating profit trended over the past five years?
- 6.11 What is the historical growth rate of Hindustan Adhesives Ltd’s stock price?
- 6.12 How has Hindustan Adhesives Ltd’s net profit margin evolved over the past five years?
- 7 Conclusion: Hindustan Adhesives Ltd – Pioneering Growth and Innovation in Adhesive Solutions
