HP Adhesives Share Price

HP Adhesives Limited, with its corporate operations in Mumbai, functions as a manufacturer and distributor of adhesives and sealants in India和 internationally. The company was founded in 1987 and is headquartered in Mumbai. HP Adhesives produces solvent cements, contact adhesives, white glue, epoxies, spray paints, silicone sealants, and a variety of other ancillary products like ball valves and Teflon tapes. The company serves a wide range of sectors, including plumbing, automotive, home improvement, and agriculture. 

HP Adhesives share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the specialty chemicals sector. The company’s financial health depends on production volumes, raw material costs, capacity utilization, and domestic and export demand. HP Adhesives stock price is influenced by various factors such as earnings, competitive pressures, regulatory changes in the chemical industry, and broader economic trends. In the longer run, strategies such as product portfolio expansion, capacity enhancement, and geographic diversification affect the stock market sentiments. All these factors need to be monitored closely to have an idea about HP Adhesives stock price movements. 

HP Adhesives share price provides real-time information about the last HP Adhesives stock price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the HP Adhesives live price helps in observing short term price volatility and shows how a stock moves relative to the broader chemical index. Furthermore, monitoring HP Adhesives stock price movements helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. 

HP Adhesives Limited Company Fundamentals 

a. Company Background

HP Adhesives Limited was originally formed as a partnership firm, M/s. H.P. International, on 1 January 1987. It was later converted into a private limited company, HP Adhesives Private Limited, on 7 May 2019. Subsequently, the company was converted into a public limited company and its name was changed to HP Adhesives Limited on 1 July 2021. The company operates a state-of-the-art manufacturing facility in Khalapur, Raigad district, Maharashtra, with an annual production capacity of approximately 16,800 metric tons. Key management executives include Anjana Haresh Motwani (Executive Chairperson), Karan Haresh Motwani (Managing Director), and Nidhi Haresh Motwani (Executive Director). The company’s fundamentals are influenced by raw material availability (primarily polymers and chemicals), demand cycles in end-user industries, and input cost volatility. 

b. Company Product Lines

• Solvent cements for PVC, cPVC, and uPVC plastic pipes and fittings 

• Silicone sealants (general purpose, weather sealant) 

• Contact adhesives (Strong Fix series) 

• White glue / Polyvinyl acetate (PVA) adhesives 

• Epoxy putty and epoxy adhesives 

• Spray paints 

• Cyanoacrylates (instant adhesives) 

• Synthetic rubber adhesives 

• Black and white sealants, gasket shellacs, and pipe lubricant 

• Ancillary products: ball valves, Teflon tapes, and masking tapes 

• Drainage solutions (manhole covers, gratings, water tank covers) 

c. Company Revenue Model

• Domestic sales of adhesives and sealants to distributors, retailers, and industrial customers across India 

• Export sales to international markets in various countries 

• Revenue from a diverse portfolio of brands including HP, Strong Weld, Strong Fix, Strong Seal, and StrongTite 

• Institutional and bulk supply contracts in industries such as plumbing, automotive, and construction 

• Revenue performance is primarily influenced by demand for adhesives, raw material costs (especially polymers and chemicals), and selling price realizations in domestic and export markets 

d. Geographic Presence

• Corporate headquarters located at 501, C Wing, Business Square, Andheri (East), Mumbai, Maharashtra, India 

• State-of-the-art manufacturing facility in Khalapur, Raigad district, Maharashtra 

• Domestic distribution network across India through a network of distributors and retailers 

• International markets served through export channels 

• The company serves customers in various regions, including plumbing, automotive, home improvement, and other industrial sectors 

e. Key Milestones

• 1987: Founded as a partnership firm, M/s. H.P. International 

• 2019: Converted into a private limited company, HP Adhesives Private Limited 

• 2021: Converted into a public limited company and renamed to HP Adhesives Limited 

• 2021: Initial Public Offering (IPO) on 15 December 2021 

• Recent years: Continued focus on product innovation and expanding the portfolio of eco-friendly and high-performance adhesives, while also strengthening its brand presence 

f. Industry Perspective

The adhesives and sealants industry in India is a fast-growing market, closely linked to demand from construction, automotive, packaging, and various industrial sectors. The market is valued at over ₹2,500 billion in 2025 and is growing at a CAGR of over 10-12%. This growth is driven by rapid urbanization, rising infrastructure spending, and increasing demand for sustainable, high-performance products. Companies in the sector must manage raw material price volatility, competitive pressures, and stringent environmental regulations, while investing in energy-efficient processes. These factors collectively shape the financial performance of companies like HP Adhesives. 

HP Adhesives Limited Stock Market Presence: Listings & Index Representation 

HP Adhesives Limited is listed on the National Stock Exchange (NSE) under the symbol HPAL and on the Bombay Stock Exchange (BSE) with the scrip code 543433. HP Adhesives share price is actively traded on both exchanges. The company’s market presence is within the small-cap segment of the market. Due to its size and sector focus, HP Adhesives stock price is generally tracked by investors interested in the specialty chemicals and adhesive industry. 

HP Adhesives Limited is part of several broad-based and sector-specific stock market indices, reflecting its position as a small-cap chemical company in India. It is a constituent of the S&P BSE AllCap, S&P BSE Commodities, S&P BSE MidSmallCap, and S&P BSE SmallCap indices. HP Adhesives share price finds representation in these indices based on its market standing. This presence helps investors track the stock relative to other chemical companies. 

HP Adhesives Limited Stock Performance and Share Price History 

HP Adhesives share price on NSE reflects its status as a specialty chemical company. Its performance is driven by production capacity utilization, management of raw material costs, growth in export sales, and the ability to control operational expenses. Investors compare the stock’s current price with other chemical and adhesive companies to assess relative strength. 

These underlying factors are visible through real market movements. Similar trends appear during earnings-driven price changes. Broader sector strength has also supported the stock. Beyond operational and sector influences, the company’s transition from a private to a public entity in 2021 has shaped its market presence and HP Adhesives share price history. 

While short-term movements respond to events and announcements, longer-term valuation trends are better captured by the stock’s annual high and low levels. Over the past year, the stock has recorded a 52-week high of ₹57.55 and a 52-week low of ₹26.34, reflecting the significant HP Adhesives share price volatility experienced by the company in the recent past [1†L10] [4†L27-L28]. A notable peak indicated strong demand and market optimism, whereas the significant low aligns with market corrections, sector headwinds, and a sharp decline in profitability. 

HP Adhesives’ stock behavior mirrors the trading patterns of a small-cap specialty chemical company. Over the recent period, the stock has seen a significant decline, giving negative one-year, three-year, and five-year returns. It has significantly underperformed the broader BSE Small Cap index, which has given positive one-year and three-year returns, reflecting the company’s struggle with margin pressures and heightened competition.. 

HP Adhesives’ performance has closely tracked raw material price cycles, competition, and government policies. Positive momentum appeared during the 2020-21 post-pandemic period, but increased competition and a rise in raw material costs have led to consolidation. Profitability declined in recent quarters due to margin pressure, highlighting the cyclical nature of the industry. 

Despite COVID disruptions, HP Adhesives shares showed resilience during the recovery phase. While the broader chemical sector faced supply chain challenges, the company’s diversified product mix helped the stock recover from pandemic lows. The company has a workforce of 659 employees and exports its products to international markets. 

The HP Adhesives share price has declined for several recurring reasons. A drop in demand or a rise in raw material costs directly impacts profitability and leads to selling pressure. Increases in operational costs (e.g., polymer procurement or energy expenses) without matching price increases squeeze margins, making the stock less attractive. Periods of global economic slowdown that affect construction and industrial demand raise concerns about volume growth, leading to price declines. The stock is sensitive to raw material price movements; if polymer prices rise significantly, it can cause the stock to fall as investors adjust expectations for future margin growth. Broader market sell-offs in small-cap stocks also pull the price down. 

HP Adhesives’ market capitalization has seen a significant decrease from its levels at the time of the IPO. It currently stands at a significantly lower level than at its peak, eroding a substantial portion of its value. 

HP Adhesives Limited Investor Relevance and Role in Portfolio 

HP Adhesives Limited is a holding in small-cap and chemical sector portfolios, offering exposure to the growing Indian adhesives and sealants market. Its inclusion in chemical indices underscores its importance in India’s specialty chemicals industry. The company’s wide distribution network, its established brand portfolio, and its IPO in 2021 make it a consideration for long-term allocations. 

HP Adhesives share price is influenced by the company’s ownership structure. HP Adhesives equity is held by a mix of promoters, institutional investors, and the public. Promoters hold a stable majority stake of 71.35%, reflecting strong internal control. Foreign institutional investors (FII) hold 0.01%. Mutual funds hold 0% stake. The public holds a 28.64% stake. The company’s management includes Executive Chairperson Anjana Haresh Motwani and Managing Director Karan Haresh Motwani. This investor base underscores the company’s role as a holding in portfolios. 

Beyond fundamentals, HP Adhesives stock is actively monitored in cash market segments. The stock is available for trading on both major exchanges. Market participants watch trading indicators to gauge sentiment around quarterly results and policy announcements, such as changes in raw material prices or government budgets affecting the construction sector. 

Technical indicators provide additional insight into short-term momentum shifts in the HP Adhesives share price. The stock has exhibited very high levels of short-term volatility, with price swings of over 40% in a single quarter. The stock’s beta of 1.50 indicates lower volatility than the NIFTY SMALLCAP250 index, meaning it is less sensitive to broader market movements. The company’s debt-to-equity ratio is very low, indicating negligible financial leverage. Its return on equity stood at a high level, but has since moderated to a lower, but still respectable level. 

Overall, HP Adhesives exhibits a mixed volatility profile characterized by extremely high short-term swings, making it a high-risk, high-potential-reward holding within the specialty chemicals sector. 

HP Adhesives Limited Sectoral Relevance and Peer Positioning 

HP Adhesives Limited sector relevance stems from its three-decade presence in the adhesives industry, its comprehensive product portfolio including solvent cements, silicone sealants, epoxy putty, and spray paints, its annual production capacity, and its established brands, establishing it as a focused small-cap specialty chemical provider. Peer comparisons with companies like Pidilite Industries, Gujarat Fluorochemicals, Apar Industries, and Aarti Industries focus on product mix, brand strength, distribution network, and margin profiles rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. 

HP Adhesives P/E ratio reflects how investors perceive the company’s earnings relative to its revenue streams. Based on available data, the current P/E ratio stands at a significant premium to the industry average, indicating that the stock trades at a higher multiple compared to its peers. The company’s profit after tax declined from FY2024 to FY2025. However, revenue growth has remained stable. The net profit margin has also seen a decline. Overall, these changes highlight how market sentiment evolved alongside the company’s operational performance. 

Alongside valuation, HP Adhesives EPS provides insight into its operational performance. Based on available data, the company reported an EPS in the last fiscal year that was lower than the prior year. The company’s EPS has shown a declining trend. The company has a face value of 2 per share. 

HP Adhesives market cap highlights its position as a small-cap player within India’s specialty chemical sector. Based on recent data, the company’s market capitalization is at a significantly reduced level. The market cap has moved in line with investor perceptions following a sharp decline from its IPO highs. This pattern reflects a loss of investor confidence during challenging periods impacted by rising raw material costs and intense competition. 

Finally, HP Adhesives earnings trajectory demonstrates the impact of its operational execution. In recent fiscal years, total income showed growth, but profit after tax declined. The company has faced headwinds from fluctuating raw material prices, increased competitive pressures, and varying demand. These developments illustrate the volatile nature of the specialty chemical industry. 

Summary 

HP Adhesives Limited operates as a specialty chemical manufacturer producing adhesives and sealants for diverse industrial and consumer applications. HP Adhesives share price today moves largely with raw material price cycles, demand from construction and manufacturing sectors, and broader chemical market conditions. HP Adhesives share price reflects its specific position within the small-cap specialty chemical space. The company’s performance aligns with the operational results of its diversified adhesive, sealant, and solvent cement portfolio.