HP Adhesives (NSE:HPAL) Dividend Payout Ratio: 0.00 (As of Mar. 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
View Full Analysis

What is HP Adhesives Dividend Payout Ratio?

HP Adhesives NSE:HPAL +0.49% 72 Dividend Payout Ratio is 0.00 as of Mar. 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. Among 909 Chemicals companies, HP Adhesives ranks worse than 64.14% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. HP Adhesives's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

The historical rank and industry rank for HP Adhesives's Dividend Payout Ratio or its related term are showing as below:

NSE:HPAL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.31   Max: 0.48
Current: 0.48


During the past 8 years, the highest Dividend Payout Ratio of HP Adhesives was 0.48. The lowest was 0.15. And the median was 0.31.

NSE:HPAL's Dividend Payout Ratio is ranked worse than
64.14% of 909 companies
in the Chemicals industry
Industry Median: 0.35 vs NSE:HPAL: 0.48

As of today (2026-07-31), the Dividend Yield % of HP Adhesives is 1.22%.

During the past 8 years, the highest Trailing Annual Dividend Yield of HP Adhesives was 1.35%. The lowest was 0.33%. And the median was 0.64%.

HP Adhesives's Dividends per Share for the months ended in Mar. 2026 was ₹0.00.

During the past 12 months, HP Adhesives's average Dividends Per Share Growth Rate was 33.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


HP Adhesives (NSE:HPAL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


HP Adhesives Dividend Payout Ratio Related Terms


HP Adhesives Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for HP Adhesives's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

HP Adhesives Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.15 0.47

HP Adhesives Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio 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 0.00 0.00 0.99 0.00 0.00

NSE:HPAL vs LIN, SHW, ECL: Dividend Payout Ratio Comparison

For the Specialty Chemicals subindustry, HP Adhesives's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Chemicals Industry

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

* The bar in red indicates where HP Adhesives's Dividend Payout Ratio falls into.


NSE:HPAL
72GF Score
HP Adhesives Ltd NSE:HPAL
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HP Adhesives Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

HP Adhesives's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=0.4/ 0.843
=0.47

HP Adhesives's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ -0.26
=N/A

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
HP Adhesives (NSE:HPAL) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on HP Adhesives and its competitors. Over the past decade, HP Adhesives' Dividend Payout Ratio has ranged from 0.15 to 0.48. According to the industry distribution chart, HP Adhesives ranks #583 out of 909 companies in the Chemicals industry, placing it in the top 64.1%.
Is HP Adhesives' Dividend Payout Ratio too high?
HP Adhesives' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.48. Based on the distribution chart, HP Adhesives ranks #583 out of 909 companies in the Chemicals industry, which is below the industry midpoint. 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' Dividend Payout Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, HP Adhesives ranks #583 out of 909 companies for Dividend Payout Ratio. This places HP Adhesives in the lower half of its industry. The industry median Dividend Payout Ratio is 0.35. Historically, HP Adhesives' own Dividend Payout Ratio has ranged from 0.15 to 0.48 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Chemicals company?
The median Dividend Payout Ratio among Chemicals companies is 0.35, based on 909 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on HP Adhesives and its competitors. For the Chemicals industry, the median Dividend Payout Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HP Adhesives's current Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For HP Adhesives (NSE:HPAL), the current Dividend Payout Ratio is 0.00 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 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:

  • Dividend Payout Ratio: 0.00
  • 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

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

₹32.91
Price
₹88.10
GF Value