HP Adhesives Limited Net Assets
HP Adhesives Limited net assets. Based on the latest financial reports, HP Adhesives Limited (HPAL) has net assets worth Rs1.88 Billion INR (≈ $20.30 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.32 Billion ≈ $25.10 Million USD) and total liabilities (Rs443.68 Million ≈ $4.80 Million USD). 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. Also explore HP Adhesives Limited (HPAL) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.88 Billion |
| % of Total Assets | 80.89% |
| Annual Growth Rate | 43.94% |
| 5-Year Change | 36.7% |
| 10-Year Change | N/A |
| Growth Volatility | 355.95 |
Net Assets of HP Adhesives Limited (2019–2026)
Net assets of HP Adhesives Limited from 2019 to 2026. This chart illustrates how HP Adhesives Limited's net assets have evolved over time, based on quarterly financial data. See HP Adhesives Limited balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for HP Adhesives Limited (2019–2026)
The table below shows the annual net assets of HP Adhesives Limited from 2019 to 2026. For live market cap and overall valuation, see HP Adhesives Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs1.88 Billion ≈ $20.30 Million |
+1.88% |
| 2025-03-31 | Rs1.84 Billion ≈ $19.93 Million |
+9.11% |
| 2024-03-31 | Rs1.69 Billion ≈ $18.26 Million |
+13.89% |
| 2023-03-31 | Rs1.48 Billion ≈ $16.04 Million |
+7.97% |
| 2022-03-31 | Rs1.37 Billion ≈ $14.85 Million |
+984.93% |
| 2021-03-31 | Rs126.59 Million ≈ $1.37 Million |
+409.53% |
| 2020-03-31 | Rs24.84 Million ≈ $268.68K |
-83.06% |
| 2019-03-31 | Rs146.62 Million ≈ $1.59 Million |
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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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
HP Adhesives Limited Net Assets Breakdown (March 2026)
HP Adhesives Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs183.75 Million | 9.79% |
| Other Components | Rs1.69 Billion | 90.21% |
| Total Equity | Rs1.88 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 |
|---|---|
|
Rekah Pharmaceutical Industry Ltd
TA:REKA
|
$31.58 Million |
|
Pantaflix AG
XETRA:PAL
|
$31.59 Million |
|
Rapid Micro Biosystems Inc
NASDAQ:RPID
|
$31.60 Million |
|
Ege Seramik Sanayi ve Ticaret AS
IS:EGSER
|
$31.61 Million |
|
VivoPower International PLC
NASDAQ:VVPR
|
$31.57 Million |
|
Prevision Sanitaria Nacional Gestion SOCIMI S.A.
MC:YPSN
|
$31.53 Million |
|
EON Resources Inc.
NYSE MKT:EONR
|
$31.53 Million |
|
B.M.P. PHARMA TRAD (BMP.SG)
STU:BMP
|
$31.50 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 2025 to 2026, total equity changed from 1,842,797,000 to 1,877,454,000, a change of 34,657,000 (1.9%).
- Net income of 69,770,000 contributed positively to equity growth.
- Dividend payments of 36,750,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs69.77 Million | +3.72% |
| Dividends Paid | Rs36.75 Million | -1.96% |
| Other Comprehensive Income | Rs-1.00K | -0.0% |
| Other Changes | Rs1.64 Million | +0.09% |
| Total Change | Rs- | 1.88% |
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: 3.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.98x to 3.03x 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 | Rs7.98 | Rs31.78 | x |
| 2020-03-31 | Rs0.38 | Rs31.78 | x |
| 2021-03-31 | Rs1.95 | Rs31.78 | x |
| 2022-03-31 | Rs18.07 | Rs31.78 | x |
| 2023-03-31 | Rs16.14 | Rs31.78 | x |
| 2024-03-31 | Rs18.38 | Rs31.78 | x |
| 2025-03-31 | Rs20.10 | Rs31.78 | x |
| 2026-03-31 | Rs10.49 | Rs31.78 | 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): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.80%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.24x
- Recent ROE (3.72%) is above the historical average (-5.47%), 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 | Rs25.34 Million |
| 2020 | -187.99% | -4.89% | 1.68x | 22.87x | Rs-49.19 Million |
| 2021 | 79.47% | 8.51% | 1.32x | 7.09x | Rs87.94 Million |
| 2022 | 4.37% | 3.65% | 0.84x | 1.42x | Rs-77.27 Million |
| 2023 | 7.32% | 4.66% | 1.26x | 1.25x | Rs-39.71 Million |
| 2024 | 12.18% | 8.71% | 1.19x | 1.17x | Rs36.79 Million |
| 2025 | 9.90% | 7.21% | 1.11x | 1.24x | Rs-1.84 Million |
| 2026 | 3.72% | 2.80% | 1.07x | 1.24x | Rs-117.98 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: $4,526,931,849
- Average return on equity (ROE) among peers: 17.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HP Adhesives Limited (HPAL) | Rs1.88 Billion | 27.29% | 0.24x | $31.58 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.72 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.36 Billion | -4.77% | 1.06x | $41.91 Million |
| ABM International Limited (ABMINTLLTD) | $195.76 Million | -1.37% | 0.65x | $4.85 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $328.59 Million |
| Aether Industries Limited (AETHER) | $1.74 Billion | 40.79% | 1.60x | $2.15 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $8.71 Billion | 53.16% | 0.51x | $1.60 Billion |
| Alkali Metals Limited (ALKALI) | $446.89 Million | 1.25% | 1.14x | $8.55 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $592.34 Million | 13.97% | 2.16x | $917.49 Million |
| Ami Organics Limited (AMIORG) | $5.22 Billion | 13.78% | 0.26x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $17.27 Billion | 8.81% | 0.67x | $1.40 Billion |
About 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