What we do Nikhil Adhesives Ltd manufactures polymer emulsions and adhesives, supplying both industrial and consumer markets globally with an extensive product range. |
Founded in 1,986 |
Market share Largest producer of re-dispersible polymer (RDP) in India, commanding a strong presence in adhesives and specialty chemicals markets. |
Problem solved Provides affordable, high-performance adhesives and emulsions that enhance construction durability, packaging, and consumer woodworking needs. |
Top clients or who we serve B2B and B2C clients including major industrial users, paint companies like Asian Paints, and over 80,000 contractors nationwide. |
Key management Umesh Jayantilal Sanghavi (Chairman & Managing Director), Rajendra Jayantilal Sanghavi (Whole Time Director), Nandkumar Sankhe (Chief of R&D). |
Our journey and innovations Since 1986, expanded to five plants, acquired Mafatlal emulsion business, pioneered India’s largest RDP production, and invested in automation and R&D centers. |
Where we operate Manufacturing in Maharashtra, Gujarat, Karnataka, Himachal Pradesh; exports to Asia, Africa, Middle East; extensive pan-India distribution. |
Top products or what we offer Adhesives (Mahacol range), RDP polymer emulsions, construction chemicals (Mahafix), paint and textile emulsions, specialized chemical trading. |
Top brands Mahacol (wood adhesives), Mahafix (construction chemicals), Emditex, Emdilith, Emdibind, Emdicryl. |
Raw materials needed Polymers, chemicals for emulsion manufacturing, resin materials for adhesives, construction chemical additives. |
Raw materials supplier - |
Recurring vs cyclical contribution Mix of recurring revenues from adhesives and emulsions manufacture plus cyclical trading in specialty chemicals. |
Our industry position Recognized leader in polymer emulsions with growing B2C presence and strong foothold in construction chemical segment. |
Financial highlights FY25 revenue Rs.584.59 crore, Profit After Tax Rs.16.86 crore, 4% revenue growth, 20% EBITDA growth year-on-year. |
Geographical revenue split - |
Order book - |
Whats driving growth Product innovation, expanded distribution network, automation improving margins, new constructions chemicals division, and export market expansion. |
Our future plans Scale production at Dahej and Tumkur, launch 10+ new products, increase B2C market share, enhance R&D capabilities, target margin expansion. |
Our green promise Focus on eco-friendly water-based formulations and sustainable product development through R&D investments. |
Our people and values Strong leadership with seasoned executives, employee focus on innovation, diversity in board and commitment to corporate governance. |
Key challenges ahead Raw material price volatility, competitive industry landscape, regulatory compliance, and scaling exports. |
Interesting facts First Indian producer of 100% import substitute RDP polymer emulsions and a trusted partner to industry giants like Asian Paints. |
Risks and strategy Mitigate forex risks via hedging, leverage automation for cost efficiency, focus on innovation to maintain competitive edge. |
