HP Adhesives Limited
HP Adhesives Limited manufactures and distributes adhesives and sealants in India and internationally. Its products include solvent cement, contact adhesive, white glue/PVA, epoxy putty and adhesives, spray paints, and plumbing accessories, as well as cyanoacrylates, synthetic rubber adhesives, black and white sealants, pipe lubricant, and gasket shellacs. The company also offers ancillary produc… Read more
HP Adhesives Limited (HPAL) - Net Assets
Latest net assets as of September 2025: ₹1.88 Billion INR
Based on the latest financial reports, HP Adhesives Limited (HPAL) has net assets worth ₹1.88 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹2.32 Billion) and total liabilities (₹435.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.88 Billion |
| % of Total Assets | 81.22% |
| Annual Growth Rate | 52.47% |
| 5-Year Change | 1355.74% |
| 10-Year Change | N/A |
| Growth Volatility | 375.21 |
HP Adhesives Limited - Net Assets Trend (2019–2025)
This chart illustrates how HP Adhesives Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HP Adhesives Limited (2019–2025)
The table below shows the annual net assets of HP Adhesives Limited from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.84 Billion | +9.11% |
| 2024-03-31 | ₹1.69 Billion | +13.89% |
| 2023-03-31 | ₹1.48 Billion | +7.97% |
| 2022-03-31 | ₹1.37 Billion | +984.93% |
| 2021-03-31 | ₹126.59 Million | +409.53% |
| 2020-03-31 | ₹24.84 Million | -83.06% |
| 2019-03-31 | ₹146.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HP Adhesives Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3090.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹530.40 Million | 28.78% |
| Common Stock | ₹183.75 Million | 9.97% |
| Other Comprehensive Income | ₹1.00K | 0.00% |
| Other Components | ₹1.13 Billion | 61.25% |
| Total Equity | ₹1.84 Billion | 100.00% |
HP Adhesives Limited Competitors by Market Cap
The table below lists competitors of HP Adhesives Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nextlink Technology Co., Limited
TWO:6997
|
$9.21 Million |
|
Biocardia Inc
NASDAQ:BCDA
|
$9.22 Million |
|
NEXE Innovations Inc
OTCQB:NEXNF
|
$9.22 Million |
|
Dragonfly GF Co. Ltd
KQ:030350
|
$9.22 Million |
|
Janfusun Fancyworld
TWO:5701
|
$9.21 Million |
|
Bintang Mitra Semestaraya Tbk
JK:BMSR
|
$9.21 Million |
|
Mexco Energy Corporation
NYSE MKT:MXC
|
$9.21 Million |
|
DATRIX S.P.A.
F:BW6
|
$9.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HP Adhesives Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,688,893,000 to 1,842,797,000, a change of 153,904,000 (9.1%).
- Net income of 182,435,000 contributed positively to equity growth.
- Dividend payments of 27,562,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹182.44 Million | +9.9% |
| Dividends Paid | ₹27.56 Million | -1.5% |
| Other Changes | ₹-969.00K | -0.05% |
| Total Change | ₹- | 9.11% |
Book Value vs Market Value Analysis
This analysis compares HP Adhesives Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.55x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.91x to 1.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | ₹7.98 | ₹31.21 | x |
| 2020-03-31 | ₹0.38 | ₹31.21 | x |
| 2021-03-31 | ₹1.95 | ₹31.21 | x |
| 2022-03-31 | ₹18.07 | ₹31.21 | x |
| 2023-03-31 | ₹16.14 | ₹31.21 | x |
| 2024-03-31 | ₹18.38 | ₹31.21 | x |
| 2025-03-31 | ₹20.10 | ₹31.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HP Adhesives Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.21%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.24x
- Recent ROE (9.90%) is above the historical average (-6.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 27.29% | 4.58% | 1.54x | 3.87x | ₹25.34 Million |
| 2020 | -187.99% | -4.89% | 1.68x | 22.87x | ₹-49.19 Million |
| 2021 | 79.47% | 8.51% | 1.32x | 7.09x | ₹87.94 Million |
| 2022 | 4.37% | 3.65% | 0.84x | 1.42x | ₹-77.27 Million |
| 2023 | 7.32% | 4.66% | 1.26x | 1.25x | ₹-39.71 Million |
| 2024 | 12.18% | 8.71% | 1.19x | 1.17x | ₹36.79 Million |
| 2025 | 9.90% | 7.21% | 1.11x | 1.24x | ₹-1.84 Million |
Industry Comparison
This section compares HP Adhesives Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HP Adhesives Limited (HPAL) | ₹1.88 Billion | 27.29% | 0.23x | $9.21 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |