Rs 85.65 to Rs 423.35: This plastic products company delivered 394.27% returns in the last two years!
5paisa Research Team
15th December 2022 - 09:11 am
An investment of Rs 1 lakh in this stock last year would have turned to Rs 4.94 lakh today.
Hindustan Adhesives Ltd delivered multibagger returns to its shareholders in the last 2 years. During this period, the company’s share price jumped from Rs 85.65 on 29 June 2020 to Rs 423.35 on 29 June 2022, an increase of 394.27% over the last two years. An investment of Rs 1 lakh in this stock last year would have turned to Rs 4.94 lakh today.
Hindustan Adhesives Limited (HAL) is a company promoted by the Bagla family. Established in the year 1988, Hindustan Adhesives (HAL), offers its customers a variety of integrated adhesive products. HAL has created a vertically integrated manufacturing facility which includes the production of BOPP Film, Adhesive, Paper Core and Boxes along with fully automated coating, printing, slitting and packing machines from Italy.
The company has a huge clientele which includes companies like ITC Ltd, Godfrey Phillips India Limited, Cadbury India Limited, Britannia Ltd, etc.
In Q4FY22, on a standalone basis, the company’s revenue grew by 65.59% YoY to Rs 126.11 crore from Rs 76.16 crore in Q4FY21. PAT was reported at Rs 2.52 crore against the profit of Rs 3.34 crore in the same quarter for the previous fiscal year, a YoY decline of 24.55%.
The company’s share price is currently trading at a TTM P/E of 17.30x times, compared to the industry P/E of 19.07x. In March 2022, it reported an RoE of 22.83% while its RoCE stood at 30.38%.
At 12:15 pm, the shares of Hindustan Adhesives Limited are trading at Rs 432.10, an increase of 2.07%. The stock has a 52-week high of Rs 658.40 and it has a 52-week low of Rs 204.
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Tanushree Jaiswal