HP Adhesives (NSE:HPAL) Enterprise Value: ₹2,486 Mil (As of Jul. 31, 2026) ***

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NSE:HPAL HP Adhesives Ltd NSE:HPAL
72 GF Score
Price ₹32.91
GF Value ₹88.10
Valuation Significantly Undervalued
! 4 Warning Signs
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What is HP Adhesives Enterprise Value?

HP Adhesives NSE:HPAL +0.49% 72 Enterprise Value is ₹2,486 Mil as of Jul. 31, 2026. GuruFocus rates NSE:HPAL with a GF Score™ of 72/100 and a GF Value™ of ₹88.10 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, HP Adhesives's Enterprise Value is ₹2,486 Mil. HP Adhesives's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹100 Mil. Therefore, HP Adhesives's EV-to-EBIT ratio for today is 24.75.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, HP Adhesives's Enterprise Value is ₹2,486 Mil. HP Adhesives's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₹159 Mil. Therefore, HP Adhesives's EV-to-EBITDA ratio for today is 15.66.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, HP Adhesives's Enterprise Value is ₹2,486 Mil. HP Adhesives's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,544 Mil. Therefore, HP Adhesives's EV-to-Revenue ratio for today is 0.98.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, HP Adhesives's Enterprise Value is ₹2,486 Mil. HP Adhesives's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, HP Adhesives's EV-to-OCF ratio for today is .

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, HP Adhesives's Enterprise Value is ₹2,486 Mil. HP Adhesives's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, HP Adhesives's EV-to-FCF ratio for today is .

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


HP Adhesives  (NSE:HPAL) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

HP Adhesives's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2485.810/100.426
=24.75

HP Adhesives's current Enterprise Value is ₹2,486 Mil.
HP Adhesives's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹100 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

HP Adhesives's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=2485.810/158.711
=15.66

HP Adhesives's current Enterprise Value is ₹2,486 Mil.
HP Adhesives's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹159 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

HP Adhesives's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=2485.810/2543.53
=0.98

HP Adhesives's current Enterprise Value is ₹2,486 Mil.
HP Adhesives's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,544 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

HP Adhesives's EV-to-OCF for today is:


HP Adhesives's current Enterprise Value is ₹2,486 Mil.
HP Adhesives's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

HP Adhesives's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=2485.810/0
=

HP Adhesives's current Enterprise Value is ₹2,486 Mil.
HP Adhesives's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 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.


HP Adhesives Enterprise Value Related Terms


HP Adhesives Enterprise Value Historical Data

* Premium members only.

The historical data trend for HP Adhesives's Enterprise Value 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.

HP Adhesives Enterprise Value Chart

HP Adhesives Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Enterprise Value
Get a 7-Day Free Trial 6,898.29 6,757.25 8,498.53 4,102.06 1,942.84

HP Adhesives Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,102.06 4,754.53 3,946.46 3,782.49 1,942.84

NSE:HPAL vs LIN, SHW, ECL: Enterprise Value Comparison

For the Specialty Chemicals subindustry, HP Adhesives's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HP Adhesives Enterprise Value vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, HP Adhesives's Enterprise Value distribution charts can be found below:

* The bar in red indicates where HP Adhesives's Enterprise Value falls into.


NSE:HPAL
72GF Score
HP Adhesives Ltd NSE:HPAL
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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HP Adhesives Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

HP Adhesives's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as

HP Adhesives's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of ₹2,486 Mil mean?
HP Adhesives (NSE:HPAL) has a Enterprise Value of ₹2,486 Mil as of Jul. 31, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HP Adhesives and its competitors.
Is HP Adhesives' Enterprise Value too high?
HP Adhesives' current Enterprise Value is ₹2,486 Mil. Overall, HP Adhesives has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HP Adhesives' Enterprise Value compare to LIN and SHW?
HP Adhesives' Enterprise Value of ₹2,486 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 Enterprise Value for a Chemicals company?
A good Enterprise Value depends on the Chemicals industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HP Adhesives and its competitors. HP Adhesives's current Enterprise Value is ₹2,486 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HP Adhesives stock overvalued right now?
Based on GuruFocus' analysis, HP Adhesives (NSE:HPAL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹88.10, compared to a current price of ₹32.91 — trading 62.6% below its estimated fair value. The current Enterprise Value is ₹2,486 Mil. HP Adhesives' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For HP Adhesives (NSE:HPAL), the current Enterprise Value is ₹2,486 Mil as of Jul. 31, 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.

Is HP Adhesives (NSE:HPAL) Overvalued in 2026?

Based on GuruFocus' analysis, HP Adhesives stock appears to be undervalued. The current stock price of ₹32.91 is trading 62.6% below its estimated GF Value™ of ₹88.10. GuruFocus considers HP Adhesives to be Significantly Undervalued.

Key valuation signals for NSE:HPAL:

  • Enterprise Value: ₹2,486 Mil
  • GF Value™: ₹88.10 vs. price of ₹32.91 (62.6% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the NSE:HPAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HP Adhesives Business Description

Other Exchanges 543433:India
Address Sir Mathuradas Vasanji Road, Business Square, C-501, Andheri East, Mumbai, MH, IND, 400053
HP Adhesives Ltd is an adhesives and sealants company. The company's products include solvent cement, silicone sealants, contact adhesives, white glue/PVA, epoxy putty, epoxy adhesives, spray paint, drainage solutions, and plumbing accessories. The company operates in only one reportable business segment which is the business of Adhesives & Solvent products.
72GF Score

Get the complete analysis for NSE:HPAL

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

₹32.91
Price
₹88.10
GF Value