DocStoX is a free AI-powered research platform for Indian equity markets, covering 6,800+ NSE & BSE stocks with prices, fundamentals, 326 financial ratios, shareholding, FII/DII flows, F&O, IPOs, a visual screener and AI stock scoring.

Yes. DocStoX has a free tier covering stock research, the screener, FII/DII data and educational guides, plus a free MCP API tier (50 tool calls/day) for AI assistants. A Pro plan adds higher limits and advanced features.

What data does DocStoX cover?

Every NSE & BSE listed stock (6,800+ instruments): EOD and intraday prices, income statement / balance sheet / cash flow, 326 ratios, quarterly shareholding, promoter pledge, mutual-fund holdings, FII/DII flows, F&O and option-chain data, analyst forecasts, IPOs, corporate actions and news.

Can AI assistants like ChatGPT or Claude use DocStoX data?

Yes. DocStoX runs a public Model Context Protocol (MCP) server at https://mcp.docstox.com/mcp with 39 tools, so Claude, ChatGPT, Cursor and other MCP clients can pull Indian market data directly. Setup and a free key are at https://docstox.com/mcp.

What is the PE ratio of Nikhil Adhesives Ltd?

Nikhil Adhesives Ltd has a price-to-earnings (PE) ratio of 19.1 in the Chemicals sector.

What is the market capitalisation of Nikhil Adhesives Ltd?

Nikhil Adhesives Ltd has a market capitalisation of approximately ₹333 crore.

Nikhil Adhesives Ltd

NIKHILADHESIVESLTD·NSE·Chemicals

₹0.00▲ +0.00 (+0.00%)

⚠️Trading suspended. Not a live price.

Chemicals · Specialty Chemicals

A steady, established business

52W₹57

₹123-86%

Open

—

High

—

Low

—

Prev Close

—

Volume

—

VWAP

—

Snapshot

Key fundamentals

Market Cap

₹333 Cr

P/E Ratio

19.10Fair

P/B Ratio

2.27

EPS

₹3.67

Book Value

₹31.70

ROE

12.80%Average

ROCE

17.00%Decent

Dividend Yield

0.31%

Debt / Equity

0.47Moderate

Face Value

₹1.00

52W High

₹123.05

52W Low

₹56.78

Sector

Chemicals

Industry

Specialty Chemicals

Fairly Valued

None moatVery High uncertainty

Fair value estimate

₹36

No recent traded price

BearFair valueBull

₹31₹36₹48

/100

Business quality — Solid

Growth 50Profitability 22Efficiency 45Valuation 77

Plain English

Our view

A steady, established business
Low debt relative to equity

Strengths

Low debt relative to equity
Promoters hold a controlling stake

How we got there

Fair value methods

Residual income

13% ROE fading to 14% over ~3 yrs, on ₹32 book

₹31

Relative P/E

Needs ≥3 peers with P/E

—

Graham floor

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

₹48

Analyst target

No analyst coverage

—

Blended fair value₹36

What the numbers say

Investment thesis

Bull case

Low debt relative to equity
Promoters hold a controlling stake

Bear case

No notable red flags from the current metrics.

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

Snapshot

Key statistics

P/E

19.1Fair

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

ROE

12.8%Average

Above 15% is considered healthy for Indian equities

ROCE

17.0%Decent

Above 18% means capital is working hard

Debt/Eq

0.47Moderate

Below 0.5 is comfortable; above 1.5 strains the balance sheet

Mkt Cap

₹333 Cr

P/B

2.27

EPS

₹3.67

Div Yield

0.31%

What changed

Recent changes

No notable changes to report.

What matters

News impact

Overview

Valuation

Reasonable

P/E 19.1×

Growth

Shrinking

-9% rev CAGR

Profitability

Healthy

12.8% ROE

Financial health

Comfortable

D/E 0.47

Momentum

N/A

No technicals

Today

Trading activity

Delivery %—

Turnover—

Trades—

VWAP—

Face value₹1.00

Market depth

Market depth available during market hours

Snapshot

Technical signals

Compounded annual growth

Growth (CAGR)

Revenue

-9.3%

+2.4%

10Y

+7.6%

Profit

+1.8%

+2.3%

10Y

+24.5%

EPS

-4.7%

-1.2%

10Y

+22.9%

Profile

Cons

The company has delivered a poor sales growth of 2.43% over past five years.
Company has a low return on equity of 13.0% over last 3 years.
Dividend payout has been low at 6.26% of profits over last 3 years
Debtor days have increased from 80.3 to 105 days.

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.

54%

Promoter

Promoters

54.5%+0.02

Public

26.9%+0.16

FII / FPI

0.0%0.00

DII

0.4%+0.04

Others

18.2%

Total shareholders

12,634-298 QoQ

Quarterly trend

Ownership over time

Q4 FY26

Promoter54.46%

DII0.38%

Public26.94%

Others18.22%

Corporate Actions

Bulk & Block Deals

Filings

MF Holdings

Technicals

FAQs

Quick reference

Frequently asked questions

Incorporated in 1986, Nikhil Adhesives Ltd is in the business of manufacturing various types of polymer emulsions and adhesives, and trading of chemicals[1]