What we do HP Adhesives Ltd manufactures and distributes adhesive and sealant products including solvent cements, silicone sealants, rubber adhesives, and ancillary items primarily serving plastic piping and industrial sectors. |
Founded in 1,987 |
Market share A leading domestic producer with a diverse portfolio expanding in adhesives and sealants markets, backed by state-of-the-art manufacturing facilities. |
Problem solved Provides reliable, high-performance adhesive solutions addressing sealing, bonding, and repair needs across plumbing, construction, and industrial sectors. |
Top clients or who we serve Serves industrial clients, plumbing, construction sectors, and retail consumers (B2B and B2C). |
Key management - |
Our journey and innovations Transitioned from partnership in 1987 to public company in 2021, expanded product range with epoxy adhesives, cyanoacrylates, and solar-powered facilities. |
Where we operate Manufacturing and distribution primarily in India with expanding presence through new depots and subsidiaries. |
Top products or what we offer Solvent cements for PVC, cPVC, uPVC pipes, silicone sealants, synthetic rubber adhesives, PVA adhesives, epoxy putty, ball valves, Teflon and masking tapes. |
Top brands HP Adhesives solvent cements - #1 in plastic pipe adhesives; silicone sealants - newly commissioned advanced lines; epoxy adhesives - recently launched. |
Raw materials needed Chemical resins, solvents, polymers, additives for adhesives and sealants production. |
Raw materials supplier Details not disclosed; procured from domestic and international chemical suppliers. |
Recurring vs cyclical contribution Revenue is largely recurring with steady volume growth driven by expanding industrial and construction demand. |
Our industry position Strong domestic player with growing market share in adhesive and sealant solutions; continuously innovating product offerings. |
Financial highlights FY 2024-25 revenue Rs 252.87 crore; net profit Rs 18.24 crore; 7% revenue growth YoY despite temporary profit pressure due to investment in sales and distribution. |
Geographical revenue split Primarily India-centric revenues; expansion localized with new depots opening across regions. |
Order book - |
Whats driving growth Growth driven by addition of new product categories, expanded distribution network, and increased penetration in existing markets. |
Our future plans Completing capacity expansions, investing in new product lines, leveraging solar power for sustainable manufacturing, and subsidiary growth. |
Our green promise Installed solar panels in production plant; committed to ESG and sustainability initiatives. |
Our people and values Focus on skilled workforce empowerment and inclusive culture supporting performance and innovation. |
Key challenges ahead Managing rising costs, competitive pressures, and ramping up new product adoption while improving profitability. |
Interesting facts First company in the sector to integrate solar energy in manufacturing and diversify product range with epoxy and cyanoacrylate adhesives. |
Risks and strategy Risk from commodity prices and market volatility mitigated by product diversification and expanded distribution reach. |
