Speb Adhesives (NSE:SPEB) Change In Receivables: ₹-12.1 Mil (TTM As of Mar. 2026)

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NSE:SPEB Speb Adhesives Ltd NSE:SPEB
22 GF Score
Price ₹87.65
! 4 Warning Signs
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What is Speb Adhesives Change In Receivables?

Speb Adhesives NSE:SPEB 22 Change In Receivables is ₹-12.1 Mil as of Mar. 2026. GuruFocus rates NSE:SPEB with a GF Score™ of 22/100. The stock has 4 warning signs investors should review.

Speb Adhesives's change in receivables for the quarter that ended in Mar. 2026 was ₹76.2 Mil. It means Speb Adhesives's Accounts Receivable declined by ₹76.2 Mil from Sep. 2025 to Mar. 2026 .

Speb Adhesives's change in receivables for the fiscal year that ended in Mar. 2026 was ₹-12.1 Mil. It means Speb Adhesives's Accounts Receivable increased by ₹12.1 Mil from Mar. 2025 to Mar. 2026 .

Speb Adhesives's Accounts Receivable for the quarter that ended in Mar. 2026 was ₹80.4 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Speb Adhesives's Days Sales Outstanding for the six months ended in Mar. 2026 was 56.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Speb Adhesives's liquidation value for the six months ended in Mar. 2026 was ₹350.5 Mil.


Speb Adhesives  (NSE:SPEB) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Speb Adhesives's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=80.424/257.997*91
=56.89

2. In Ben Graham's calculation of liquidation value, Speb Adhesives's accounts receivable are only considered to be worth 75% of book value:

Speb Adhesives's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=296.707-22.21+0.75 * 80.424+0.5 * 31.431
=350.5

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Speb Adhesives Change In Receivables Related Terms


Speb Adhesives Change In Receivables Historical Data

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The historical data trend for Speb Adhesives's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Speb Adhesives Change In Receivables Chart

Speb Adhesives Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Change In Receivables
-20.15 -11.28 13.84 -6.76 -12.07

Speb Adhesives Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Sep25 Mar26
Change In Receivables Get a 7-Day Free Trial 0.00 0.00 0.00 -88.27 76.20
NSE:SPEB
22GF Score
Speb Adhesives Ltd NSE:SPEB
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Speb Adhesives Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-12.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of ₹-12.1 Mil mean?
Speb Adhesives (NSE:SPEB) has a Change In Receivables of ₹-12.1 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Speb Adhesives and its competitors.
Is Speb Adhesives' Change In Receivables too high?
Speb Adhesives' current Change In Receivables is ₹-12.1 Mil. Overall, Speb Adhesives has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Change In Receivables compare to LIN and SHW?
Speb Adhesives' Change In Receivables of ₹-12.1 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Chemicals company?
A good Change In Receivables depends on the Chemicals industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Speb Adhesives and its competitors. Speb Adhesives's current Change In Receivables is ₹-12.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speb Adhesives stock overvalued right now?
Speb Adhesives (NSE:SPEB) has a current Change In Receivables of ₹-12.1 Mil. The current Change In Receivables is ₹-12.1 Mil. Speb Adhesives' overall GF Score™ is 22/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Speb Adhesives (NSE:SPEB), the current Change In Receivables is ₹-12.1 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Speb Adhesives Business Description

Address Plot no. J 33, MIDC, Taloja, Raigad, Panvel, MH, IND, 410208
Speb Adhesives Ltd is engaged in the manufacturing of solvent-based synthetic rubber adhesives and offers water-based adhesives. The company focuses on in-house manufacturing of solvent-based adhesives, with water-based adhesives being produced on a contractual manufacturing basis. Its product portfolio includes various products customized for industrial and retail applications, such as multi-purpose adhesives, spray-grade adhesives, premium bonding adhesives, Ducting and Insulation adhesives, woodworking adhesives, footwear-grade adhesives, and adhesives used in Generator Sets. The company operates a B2B model through three business channels: dealer-distribution network, industrial sales, and government supply contracts. It generates the majority of its revenue from overseas markets.
22GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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