Nikhil Adhesives Limited (NIKHILAD) Fair Value & Analysis
Basic Materials · IN · Market cap ₹3.5B
Fair value as of: Jul 5, 2026
From 17 valuation models · updated today
Share price −14.0% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹57.74 – ₹120.10 · fair‑value band ₹29.88 – ₹75.42 · the ₹76.27 price screens above the ₹58.02 fair value. As of Jul 5, 2026.
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Nikhil Adhesives Limited (NIKHILAD) currently trades at ₹76.27, while our model-based Fair Value estimate is ₹58.02 — implying the stock looks roughly 23.9% overvalued today. We read business quality at 48/100 (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, Nikhil Adhesives Limited generated revenue of ₹5.5B at a net margin of 3.1%. Revenue grew 17.3% year over year. It earns a return on equity of 12.6%. Net debt stands at ₹635M. Fundamentals as of Jul 5, 2026
Our scenario range runs from ₹29.88 (bear case) to ₹75.42 (bull case); at ₹76.27, the current price sits above that range. The share trades about 38% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -66% fair-value upside — at -24%, NIKHILAD screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
Nikhil Adhesives Limited manufactures, sells, and exports polymer emulsions in India. It offers branded consumer products, including wood, lamination, sticker, leather, and packaging adhesives; art and craft products; and construction chemicals, which are used by carpenters, printers, plumbers, mechanics, households, students, offices, etc. The company also provides industrial products, such as industrial adhesives, synthetic emulsions, resins, paint emulsions, and textile emulsions, which serves industries, such as packaging, textiles, paints, leather, etc. In addition, it is involved in the indenting and marketing of bulk raw materials. The company exports its products to other Asia, Africa, and the Middle East. Nikhil Adhesives Limited was founded in 1986 and is headquartered in Mumbai, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nikhil Adhesives Limited reported revenue of ₹5.5B in FY2026 versus ₹8.0B in FY2022, a compound −8.8%/yr. Reported net income was ₹174M in FY2026, compounding −9.0%/yr from FY2022.
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Frequently asked questions
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.