HP Adhesives Limited (HPAL) Fair Value & Analysis
Basic Materials · IN · Market cap ₹3.2B
Fair value as of: Jul 3, 2026
From 16 valuation models · updated yesterday
Share price +1.4% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹26.58 – ₹51.59 · fair‑value band ₹9.68 – ₹16.05 · the ₹35.65 price screens above the ₹12.91 fair value. As of Jul 3, 2026.
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HP Adhesives Limited (HPAL) currently trades at ₹35.65, while our model-based Fair Value estimate is ₹12.91 — implying the stock looks roughly 63.8% overvalued today. We read business quality at 37/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, HP Adhesives Limited generated revenue of ₹2.5B at a net margin of 2.8%. Revenue declined 14.1% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of ₹40.1M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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 products, such as ball valves, teflon tapes, and masking tapes. In addition, it provides solvent cement and plumbing accessories, as well as drainage solutions, such as manhole cover, water gully cover, water gully cover, gratings, water tank cover. It serves plumbing, glass glazing, building facade, water supply and drainage, footwear, home improvement, foam and furnishing, automotive, woodworking, carpenter, and agriculture through a network of distributors and retailers. HP Adhesives Limited was founded in 1987 and is based in Mumbai, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
HP Adhesives Limited reported revenue of ₹2.5B in FY2026 versus ₹1.6B in FY2022, a compound +10.9%/yr. Reported net income was ₹69.8M in FY2026, compounding +3.8%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.