HP Adhesives Limited (NSE:HPAL)

HP Adhesives Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	20.97	8.92	32.87	8	3.87	132.7
Short-Term Investments	156.49	68.67	111.72	112.81	25.53	358.09
Trading Asset Securities	-	221.87	246.48	181.99	-	-
Cash & Short-Term Investments	177.46	299.45	391.07	302.8	29.4	490.79
Cash Growth	-56.85%	-23.43%	29.15%	930.05%	-94.01%	3882.07%
Accounts Receivable	413.13	372.58	417.44	364.8	372.54	320.52
Other Receivables	22.27	269.3	3.02	4.24	32.68	23.91
Receivables	445.56	653	430.62	379.68	416.69	356.33
Inventory	690.38	505.02	564.95	476.9	448.61	411.69
Prepaid Expenses	-	9.17	7.04	4.57	3.61	3.48
Other Current Assets	367.71	74.76	81.63	59.9	68.47	81.07
Total Current Assets	1,681	1,541	1,475	1,224	966.77	1,343
Property, Plant & Equipment	857.7	772.47	770.73	679.73	558.92	430.7
Long-Term Investments	-	-	28.6	48.68	294.11	143.2
Other Intangible Assets	1.09	1.3	1.47	1.95	1.16	1.67
Long-Term Deferred Tax Assets	5.7	5.97	-	1.28	5.15	12.88
Other Long-Term Assets	30.65	-	4.64	20.89	20.42	22.39
Total Assets	2,576	2,321	2,281	1,976	1,847	1,954

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	360.2	276.48	229.96	160.32	202.43	314.36
Accrued Expenses	-	87.93	65.54	41.66	27.8	24.44
Short-Term Debt	-	32.55	55.36	-	3.35	53.29
Current Portion of Long-Term Debt	255.81	-	1.52	3.73	16.33	38.84
Current Portion of Leases	3.77	4.04	13.33	11.68	12.63	11.53
Current Income Taxes Payable	0	0.01	0.19	12.82	11.29	3.99
Other Current Liabilities	108.35	29.85	47.57	34.12	27.68	43.26
Total Current Liabilities	728.13	430.86	413.46	264.32	301.49	489.7
Long-Term Debt	-	-	-	1.52	26.58	42.91
Long-Term Leases	3.7	5.74	6.82	14.72	26.4	39.03
Pension & Post-Retirement Benefits	-	6.9	7.99	6.9	9.17	9.16
Long-Term Deferred Tax Liabilities	-	0.18	9.68	-	-	-
Other Long-Term Liabilities	6.88	-	-0	0	-	0
Total Liabilities	738.71	443.68	437.96	287.46	363.65	580.8

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	183.75	183.75	183.75	183.75	183.75	183.75
Additional Paid-In Capital	-	1,129	1,129	1,129	1,129	1,129
Retained Earnings	-	565.06	530.4	376.5	170.49	61
Comprehensive Income & Other	1,654	-	0	0	-	-
Shareholders' Equity	1,838	1,877	1,843	1,689	1,483	1,373
Total Liabilities & Equity	2,576	2,321	2,281	1,976	1,847	1,954

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	263.28	42.33	77.04	31.64	85.28	185.59
Net Cash (Debt)	-85.81	257.11	314.04	271.15	-55.89	305.2
Net Cash Growth	-	-18.13%	15.82%	-	-	-
Net Cash Per Share	-0.95	2.80	3.42	2.95	-0.61	4.02
Filing Date Shares Outstanding	94.97	91.87	91.87	91.87	91.87	91.87
Total Common Shares Outstanding	94.97	91.87	91.87	91.87	91.87	91.87
Working Capital	952.97	1,111	1,062	959.52	665.28	853.65
Book Value Per Share	19.35	20.43	20.06	18.38	16.14	14.95
Tangible Book Value	1,836	1,876	1,841	1,687	1,482	1,372
Tangible Book Value Per Share	19.34	20.42	20.04	18.36	16.13	14.93
Buildings	-	427.69	419.87	283.16	73.91	73.91
Machinery	-	490.47	467.1	353.83	389.53	226.57
Construction In Progress	-	47.47	43.66	162.07	172.55	175.45

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error