HP Adhesives (NSE:HPAL) Scaled Net Operating Assets: N/A (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
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What is HP Adhesives Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HP Adhesives's operating assets for the quarter that ended in Mar. 2026 was ₹1,747 Mil. HP Adhesives's operating liabilities for the quarter that ended in Mar. 2026 was ₹401 Mil. HP Adhesives's Total Assets for the quarter that ended in Dec. 2025 was ₹0 Mil. Therefore, HP Adhesives's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.


HP Adhesives Scaled Net Operating Assets Historical Data

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The historical data trend for HP Adhesives's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

HP Adhesives Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.20 0.79 0.77 0.77 0.59

HP Adhesives Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.00 0.00 0.00

NSE:HPAL vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, HP Adhesives's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, HP Adhesives's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where HP Adhesives's Scaled Net Operating Assets falls into.


NSE:HPAL
72GF Score
HP Adhesives Ltd NSE:HPAL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HP Adhesives Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HP Adhesives's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1747.445-401.347)/2280.752
=0.59

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2321.135 - 573.69
=1747.445

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=443.681 - 5.741 - 36.593
=401.347

HP Adhesives's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1747.445-401.347)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2321.135 - 573.69
=1747.445

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=443.681 - 5.741 - 36.593
=401.347

* 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.

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:

  • Scaled Net Operating Assets: N/A
  • 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

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

₹32.91
Price
₹88.10
GF Value