Speb Adhesives (NSE:SPEB) Financial Strength: 9 (As of Mar. 2026) — 10% Below Median

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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 Financial Strength?

Speb Adhesives NSE:SPEB 22 Financial Strength is 9 as of Mar. 2026, which is 10% below its 10-year median of 10.00. GuruFocus rates NSE:SPEB with a GF Score™ of 22/100. The stock has 4 warning signs investors should review.

Speb Adhesives has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Speb Adhesives Ltd shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Speb Adhesives has no long-term debt (1). Speb Adhesives's debt to revenue ratio for the quarter that ended in Mar. 2026 was -0.00. As of today, Speb Adhesives's Altman Z-Score is 55.41.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Speb Adhesives  (NSE:SPEB) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Speb Adhesives has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.


Speb Adhesives Financial Strength Related Terms


NSE:SPEB vs LIN, SHW, ECL: Financial Strength Comparison

For the Specialty Chemicals subindustry, Speb Adhesives's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Speb Adhesives Financial Strength vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Speb Adhesives's Financial Strength distribution charts can be found below:

* The bar in red indicates where Speb Adhesives's Financial Strength falls into.


NSE:SPEB
22GF Score
Speb Adhesives Ltd NSE:SPEB
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Speb Adhesives Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Speb Adhesives's Interest Expense for the months ended in Mar. 2026 was ₹0.0 Mil. Its Operating Income for the months ended in Mar. 2026 was ₹37.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹0.0 Mil.

Speb Adhesives's Interest Coverage for the quarter that ended in Mar. 2026 is

Speb Adhesives had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Speb Adhesives's Debt to Revenue Ratio for the quarter that ended in Mar. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(-0.086 + 0) / 515.994
=-0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Speb Adhesives has a Z-score of 55.41, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 55.41 is strong.

* 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 Financial Strength →
What does a Financial Strength of 9 mean?
Speb Adhesives (NSE:SPEB) has a Financial Strength of 9 as of Mar. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Speb Adhesives and its competitors. This is 10% below median its historical median of 10.00. Over the past decade, Speb Adhesives' Financial Strength has ranged from 9.00 to 10.00.
Is Speb Adhesives' Financial Strength too high?
Speb Adhesives' current Financial Strength of 9 is 10% below median its 10-year median of 10.00. Over the past 10 years, this metric has ranged from a low of 9.00 to a high of 10.00. Overall, Speb Adhesives has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Financial Strength compare to LIN and SHW?
Speb Adhesives' Financial Strength of 9 can be compared against companies in the Chemicals industry. Historically, Speb Adhesives' own Financial Strength has ranged from 9.00 to 10.00 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 Financial Strength for a Chemicals company?
A good Financial Strength depends on the Chemicals industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Speb Adhesives and its competitors. Speb Adhesives's current Financial Strength is 9, which is 10% below median its own 10-year median of 10.00. 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 Financial Strength of 9. The current Financial Strength is 9, which is 10% below median its 10-year median of 10.00. 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 Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Speb Adhesives (NSE:SPEB), the current Financial Strength is 9 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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Financial Strength is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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