What we do SPEB Adhesives Ltd manufactures synthetic rubber adhesives for construction, footwear, woodworking, and HVAC sectors with a 12,000 litre daily capacity. |
Founded in 1,990 |
Market share Leading player in synthetic rubber adhesives in India with strong industrial presence and planned public listing. |
Problem solved Provides durable, high-bond strength adhesive solutions tailored to diverse industrial applications, replacing inferior bonding materials. |
Top clients or who we serve B2B customers across hardware, foam, furnishing, insulation, woodworking, footwear, and generator industries. |
Key management - |
Our journey and innovations Started as partnership firm in 1990, transitioned to public company in 2025 with varied solvent and water-based adhesive innovations. |
Where we operate Domestic Indian market primarily, along with exports contributing minor revenue share. |
Top products or what we offer Synthetic rubber adhesives including multipurpose SPEB-7, polychloroprene-based, and SBS-based solvent and water-based adhesives. |
Top brands SPEB-7 multipurpose adhesive; specialized polychloroprene and SBS adhesive formulations for industrial use. |
Raw materials needed Synthetic rubber polymers, solvents, additives for adhesive formulations. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from consistent industrial supply contracts. |
Our industry position Strong domestic presence with emerging export operations, catering niche synthetic rubber adhesive market. |
Financial highlights FY 2024 Revenue ₹44.79 crore; Net Profit ₹5.89 crore; steady growth with IPO planned in 2025. |
Geographical revenue split Domestic sales constitute ~93%, exports ~7% of total revenue. |
Order book - |
Whats driving growth Increasing industrial demand, product innovation, and expansion via distribution and government contracts. |
Our future plans Expand production capacity, increase market penetration post-IPO with new product lines and export growth. |
Our green promise - |
Our people and values - |
Key challenges ahead Raw material price volatility, competition from alternative adhesives, scaling production efficiently. |
Interesting facts Evolved from partnership to public company over three decades with specialized synthetic adhesives range. |
Risks and strategy Mitigate raw material dependency via supplier diversification; focus on R&D for competitive product edge. |
