Hindustan Adhesives (BOM:514428) Gross Margin %: 52.97% (As of Mar. 2026) — 86% Above Median

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BOM:514428 Hindustan Adhesives Ltd BOM:514428
69 GF Score
Price ₹262.25
GF Value ₹335.31
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hindustan Adhesives Gross Margin %?

Hindustan Adhesives BOM:514428 -2.13% 69 Gross Margin % is 52.97% as of Mar. 2026, which is 86% above its 10-year median of 28.41. GuruFocus rates BOM:514428 with a GF Score™ of 69/100 and a GF Value™ of ₹335.31 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,559 Chemicals companies, Hindustan Adhesives ranks better than 87.75% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Hindustan Adhesives's Gross Profit for the three months ended in Mar. 2026 was ₹305 Mil. Hindustan Adhesives's Revenue for the three months ended in Mar. 2026 was ₹576 Mil. Therefore, Hindustan Adhesives's Gross Margin % for the quarter that ended in Mar. 2026 was 52.97%.


The historical rank and industry rank for Hindustan Adhesives's Gross Margin % or its related term are showing as below:

BOM:514428' s Gross Margin % Range Over the Past 10 Years
Min: 22.63   Med: 28.41   Max: 45.84
Current: 45.82


During the past 13 years, the highest Gross Margin % of Hindustan Adhesives was 45.84%. The lowest was 22.63%. And the median was 28.41%.

BOM:514428's Gross Margin % is ranked better than
87.75% of 1559 companies
in the Chemicals industry
Industry Median: 23.52 vs BOM:514428: 45.82

Hindustan Adhesives had a gross margin of 52.97% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hindustan Adhesives was 12.50% per year.


Hindustan Adhesives  (BOM:514428) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hindustan Adhesives had a gross margin of 52.97% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Hindustan Adhesives Gross Margin % Related Terms


Hindustan Adhesives Gross Margin % Historical Data

* Premium members only.

The historical data trend for Hindustan Adhesives's Gross Margin % 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.

Hindustan Adhesives Gross Margin % Chart

Hindustan Adhesives Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.22 22.63 27.59 42.95 45.84

Hindustan Adhesives Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % 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 47.15 43.15 45.43 42.69 52.97

BOM:514428 vs LIN, SHW, ECL: Gross Margin % Comparison

For the Specialty Chemicals subindustry, Hindustan Adhesives's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.


Hindustan Adhesives Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindustan Adhesives's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hindustan Adhesives's Gross Margin % falls into.


BOM:514428
69GF Score
Hindustan Adhesives Ltd BOM:514428
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Adhesives Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hindustan Adhesives's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=1171.5 / 2555.7
=(Revenue - Cost of Goods Sold) / Revenue
=(2555.7 - 1384.2) / 2555.7
=45.84 %

Hindustan Adhesives's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=305.3 / 576.4
=(Revenue - Cost of Goods Sold) / Revenue
=(576.4 - 271.1) / 576.4
=52.97 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 52.97% mean?
Hindustan Adhesives (BOM:514428) has a Gross Margin % of 52.97% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hindustan Adhesives and its competitors. This is 86% above median its historical median of 28.41. Over the past decade, Hindustan Adhesives' Gross Margin % has ranged from 22.63 to 45.84. According to the industry distribution chart, Hindustan Adhesives ranks #191 out of 1559 companies in the Chemicals industry, placing it in the top 12.3%.
Is Hindustan Adhesives' Gross Margin % too high?
Hindustan Adhesives' current Gross Margin % of 52.97% is 86% above median its 10-year median of 28.41. Over the past 10 years, this metric has ranged from a low of 22.63 to a high of 45.84. The Chemicals industry median Gross Margin % is 23.52. Hindustan Adhesives' value of 52.97% is 125.2% above this industry median. Based on the distribution chart, Hindustan Adhesives ranks #191 out of 1559 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hindustan Adhesives has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Adhesives' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hindustan Adhesives ranks #191 out of 1559 companies for Gross Margin %. This places Hindustan Adhesives in the top 12% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.52. Hindustan Adhesives' value of 52.97% is 125.2% above this benchmark. Historically, Hindustan Adhesives' own Gross Margin % has ranged from 22.63 to 45.84 over the past decade. While the company's 10-year median is 28.41 vs. the industry median of 23.52, Hindustan Adhesives has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.52, based on 1,559 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hindustan Adhesives's current Gross Margin % of 52.97% is 125.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Hindustan Adhesives and its competitors. For the Chemicals industry, the median Gross Margin % is 23.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Adhesives's current Gross Margin % is 52.97%, which is 86% above median its own 10-year median of 28.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Adhesives (BOM:514428) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹335.31, compared to a current price of ₹262.25 — trading 21.8% below its estimated fair value. The current Gross Margin % is 52.97%, which is 86% above median its 10-year median of 28.41 and 125.2% above the Chemicals industry median of 23.52. Hindustan Adhesives' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hindustan Adhesives (BOM:514428), the current Gross Margin % is 52.97% 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.

Is Hindustan Adhesives (BOM:514428) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Adhesives stock appears to be undervalued. The current stock price of ₹262.25 is trading 21.8% below its estimated GF Value™ of ₹335.31. GuruFocus considers Hindustan Adhesives to be Modestly Undervalued.

Key valuation signals for BOM:514428:

  • Gross Margin %: 52.97% (86% above median its 10-year median of 28.41)
  • GF Value™: ₹335.31 vs. price of ₹262.25 (21.8% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 125.2% above the Chemicals median (#191 of 1559)

No single metric tells the full story. See the BOM:514428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hindustan Adhesives Business Description

Address B-2/8, Safdarjung Enclave, New Delhi, IND, 110029
Hindustan Adhesives Ltd is a producer and marketer of adhesive tapes. The company offers products such as acrylic packaging tapes, hot melt packaging tapes, natural rubber packaging tapes, kraft paper tapes, tamper-evident tapes, tear tapes, polyolefin shrink film, and shrink wrapping machines. Its customers include Unilever, PepsiCo, Coca-Cola, P&G, Reckitt Benckiser, Cadbury, and Nestle, among others.
69GF Score

Get the complete analysis for BOM:514428

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

₹262.25
Price
₹335.31
GF Value