💰 Financial Performance

Revenue Growth by Segment

Segment-wise performance is not applicable to the company. Overall Net Profit Ratio declined by 7.55% YoY to 4.99% in FY25.

Geographic Revenue Split

Not disclosed in available documents, though the company focuses on global supply of adhesive coated products.

Profitability Margins

Net Profit Ratio was 4.99% in FY25, down 7.55% from 5.39% in FY24. Return on Equity (ROE) decreased by 18.00% to 17.73% due to the decline in net profit.

EBITDA Margin

Return on Capital Employed (ROCE) was 21.18% in FY25, a 28.02% decrease from 29.43% in FY24, driven by lower EBIT.

Credit Rating & Borrowing

Debt-Equity Ratio increased by 21.68% to 0.97 in FY25 due to additional borrowings. Working capital limits in excess of INR 5 Cr have been sanctioned by banks.

⚙️ Operational Drivers

Raw Materials

Adhesive chemicals, polymers, and backing materials (implied by 'Adhesive Coated Products' and 'Self Adhesive Tapes'). Specific names not listed.

Capacity Expansion

The company aims to utilize full capacities for the production of Self Adhesive Tapes. Specific MT/unit capacity figures are not disclosed.

Raw Material Costs

Raw material availability and price volatility are cited as key risks. Specific cost percentages are not disclosed.

Manufacturing Efficiency

The company is the largest integrated producer of Carton Sealing Tapes in India, leveraging integrated production facilities for efficiency.

📈 Strategic Growth

Growth Strategy

The company plans to utilize full production capacities for Self Adhesive Tapes, focusing on building its brand as a quality global supplier. This strategy aligns with 'Atmanirbhar Bharat' and 'Make in India' initiatives to supply adhesive products globally.

Products & Services

Carton Sealing Tapes, Self Adhesive Tapes, and Adhesive Coated Products.

Brand Portfolio

Hindustan Adhesives Limited (Corporate Brand). Specific product brand names are not disclosed.

Market Expansion

Focus on building a global image as a quality supplier of Adhesive Coated Products.

Market Share & Ranking

Largest integrated producer of Carton Sealing Tapes in India.

🌍 External Factors

Industry Trends

The industry is evolving toward integrated production and global supply chains, supported by Indian government initiatives like 'Make in India'.

Competitive Moat

The company's moat is its status as the largest integrated producer of Carton Sealing Tapes in India, providing cost and supply chain advantages that are sustainable through scale.

Macro Economic Sensitivity

Sensitive to economic conditions affecting demand-supply and price conditions in the markets where the company operates.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

Taxation Policy Impact

Changes in tax laws and other statutes are cited as factors that could affect operations.

Legal Contingencies

The company has disclosed the impact of pending litigation on its financial position in Note 39 of the standalone financial statements. Specific case values are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility and availability, changes in government regulations, and labor negotiations.

Third Party Dependencies

Dependency on a third-party software service provider for accounting software; auditors noted a lack of independent reports on controls at this provider.

Credit & Counterparty Risk

Trade Receivables turnover ratio was 9.19 in FY25, showing a negligible 0.58% change YoY, indicating stable receivable quality.