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What is the HP ADHESIVES LIMITED (HPAL) share price today?

HP ADHESIVES LIMITED (HPAL) is trading at ₹34.03 on the NSE, up 0.18% on the day. Source: DocStoX.

What is the PE ratio of HP ADHESIVES LIMITED?

HP ADHESIVES LIMITED has a price-to-earnings (PE) ratio of 17.5 in the Chemicals sector.

What is the market capitalisation of HP ADHESIVES LIMITED?

HP ADHESIVES LIMITED has a market capitalisation of approximately ₹318 crore.

HP ADHESIVES LIMITED

HPAL·NSE·Chemicals

₹34.03▲ +0.06 (+0.18%)

Chemicals · Specialty Chemicals

Revenue under pressure recently

Day₹32.72

₹34.75

52W₹27

₹5328%

Open

₹34.75

High

₹34.75

Low

₹32.72

Prev Close

₹33.97

Volume

54.4K

VWAP

₹33.85

Snapshot

Key fundamentals

Market Cap

₹318 Cr

P/E Ratio

17.54Fair

P/B Ratio

1.71

EPS

₹1.94

Book Value

₹20.43

ROE

9.90%Average

ROCE

14.00%Decent

Dividend Yield

1.15%

Debt / Equity

0.02Low

Face Value

₹2.00

52W High

₹53.00

52W Low

₹26.52

Sector

Chemicals

Industry

Specialty Chemicals

Expensive

None moatVery High uncertainty

Fair value estimate

₹23

▼ 32.2%downside

Trading at ₹34 — 32% above our estimate

BearFair valueBull

₹20₹23₹30

/100

Business quality — Watch the fundamentals

Growth 0Profitability 27Efficiency 15Valuation 90

Plain English

Our view

Revenue under pressure recently
Virtually debt-free balance sheet
Revenue has been shrinking

Strengths

Virtually debt-free balance sheet
Promoters hold a controlling stake

Risks

Revenue has been shrinking
Fundamental red flags (Piotroski 3/9)

How we got there

Fair value methods

Residual income

10% ROE fading to 13% over ~3 yrs, on ₹20 book

₹20

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

Conservative floor: √(22.5 × EPS × book value/share)

₹30

Analyst target

No analyst coverage

—

Blended fair value₹23

What the numbers say

Investment thesis

Bull case

Virtually debt-free balance sheet
Promoters hold a controlling stake

Bear case

Revenue has been shrinking
Fundamental red flags (Piotroski 3/9)

Free — see our deterministic Fair Value range, business quality score, and the full bull/bear case for this stock.

Snapshot

Key statistics

P/E

17.5Fair

Below 15× is value territory; above 35× prices in strong growth

ROE

9.9%Average

Above 15% is considered healthy for Indian equities

ROCE

14.0%Decent

Above 18% means capital is working hard

Debt/Eq

0.02Low

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹318 Cr

P/B

1.71

EPS

₹1.94

Div Yield

1.15%

What changed

Recent changes

No notable changes to report.

What matters

News impact

Overview

Valuation

Attractive

P/E 17.5×

Growth

Slow

+2% rev CAGR

Profitability

Modest

9.9% ROE

Financial health

Rock solid

D/E 0.02

Momentum

N/A

No technicals

Today

Trading activity

Delivery %76.6%

Turnover₹18.42L Cr

Trades869

VWAP₹33.85

Face value₹2.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

+2.3%

+16.1%

10Y

—

Profit

-14.1%

-6.9%

10Y

—

EPS

—

10Y

—

Profile

Pros

Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 29.1%

Watch-outs

Cons

Tax rate seems low
Company has a low return on equity of 8.60% over last 3 years.
Company's cost of borrowing seems high

Forecast

News

Peers

Financials

Growth

Shareholding

Ownership

Ownership breakdown

Quarter ending 31 Mar 2026

Ownership was broadly stable versus the previous quarter. The QoQ column shows each group's change versus the prior quarter.

71%

Promoter

Promoters

71.3%0.00

Public

28.6%-0.01

FII / FPI

0.0%+0.01

DII

0.0%0.00

Total shareholders

53,662-1,764 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter71.35%

FII0.02%

Public28.63%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

Incorporated in 2021, HP Adhesives Ltd manufactures and distributes adhesives and sealants along with other ancillary products[1]