NIKHILAD
Nikhil Adhesives financials
- Market cap
- ₹397 Cr
Quarterly results
Q1 FY27: revenue up 50.6%, net profit up 37.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 134 | 149 | 125 | 131 −11% | 133 −1% | 166 +11% | 189 +51% |
| EBITDA | 9 | 9 | 9 | 10 | 8 −12% | 8 −10% | 11 +19% | 13 +27% |
| Net profit | 5 | 3 | 4 | 5 | 4 −13% | 4 +1% | 6 +50% | 7 +37% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −21.1% 1Y
1Y: ₹105.15 on 10 Sept 2025 → ₹82.98. High ₹118.35 (23 Oct 2025), low ₹57.74 (23 Feb 2026).
Financials, as filed
Revenue fell 0.8% a year over 2 years, FY24 to FY26. Operating margin widened to 6.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹564 Cr | ₹592 Cr | ₹555 Cr |
| Operating profit | ₹31 Cr | ₹37 Cr | ₹37 Cr |
| Operating margin | 5.5% | 6.3% | 6.7% |
| Interest | ₹7 Cr | ₹8 Cr | ₹6 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹8 Cr |
| Net profit | ₹13 Cr | ₹17 Cr | ₹19 Cr |
| Net margin | 2.3% | 2.9% | 3.4% |
| Cash from operations | ₹14 Cr | ₹7 Cr | ₹0 Cr |
| Free cash flow | ₹-3 Cr | ₹-4 Cr | ₹-4 Cr |
| ROCE | 16.0% | 17.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹56 Cr | ₹81 Cr | ₹97 Cr | ₹109 Cr | ₹131 Cr | ₹141 Cr |
| Borrowings | ₹28 Cr | ₹28 Cr | ₹35 Cr | ₹54 Cr | ₹45 Cr | ₹68 Cr |
| Other liabilities | ₹202 Cr | ₹203 Cr | ₹159 Cr | ₹128 Cr | ₹110 Cr | ₹121 Cr |
| Total liabilities | ₹291 Cr | ₹316 Cr | ₹295 Cr | ₹295 Cr | ₹291 Cr | ₹334 Cr |
| Fixed assets | ₹54 Cr | ₹64 Cr | ₹76 Cr | ₹94 Cr | ₹94 Cr | ₹92 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹236 Cr | ₹250 Cr | ₹215 Cr | ₹202 Cr | ₹197 Cr | ₹242 Cr |
| Total assets | ₹291 Cr | ₹316 Cr | ₹295 Cr | ₹295 Cr | ₹291 Cr | ₹334 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.18 pp while the public trimmed −0.15 pp. The shareholder count shrank 6% to 12,375.
- Promoters
- 54.5%
- DIIs
- 0.4%
- Public
- 45.2%
Since Jun 2025
- DIIs +0.18 pp
- Public −0.15 pp
- FIIs −0.04 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 54.4%, Public 45.6%.Dec '23: Promoters 54.4%, Public 45.6%.Mar '24: Promoters 54.4%, Public 45.6%.Jun '24: Promoters 54.4%, Public 45.6%.Sep '24: Promoters 54.4%, Public 45.6%.Dec '24: Promoters 54.4%, Public 45.6%.Mar '25: Promoters 54.4%, FIIs 0.0%, Public 45.5%.Jun '25: Promoters 54.4%, FIIs 0.0%, DIIs 0.2%, Public 45.3%.Sep '25: Promoters 54.4%, FIIs 0.0%, DIIs 0.3%, Public 45.2%.Dec '25: Promoters 54.4%, DIIs 0.3%, Public 45.2%.Mar '26: Promoters 54.5%, DIIs 0.4%, Public 45.2%.Jun '26: Promoters 54.5%, DIIs 0.4%, Public 45.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Nikhil Adhesives Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vasant Polymers & Chemicals Pvt. Ltd. | 10.96% | unchanged |
| Rekha Tarak Sanghavi | 10.55% | unchanged |
| Mrunalini Rajendra Sanghavi | 10.36% | unchanged |
| Anita Umesh Sanghavi | 8.54% | unchanged |
| Ajay Dilkush Sarupria | 4.31% | unchanged |
| Nikhil Umesh Sanghavi | 2.99% | unchanged |
| Hemal Umesh Sanghavi | 2.99% | unchanged |
| Rajendra Jayantilal Sanghavi | 2.61% | unchanged |
| Tarak Jayantilal Sanghavi | 2.45% | unchanged |
| Umesh Jayantilal Shanghavi | 2.08% | unchanged |
| Divyam Ventures Llp | 1.81% | unchanged |
| Tulsi Rajendra Sanghavi | 1.80% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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