Speb Adhesives (NSE:SPEB) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


NSE:SPEB Speb Adhesives Ltd NSE:SPEB
21 GF Score
Price ₹86.95
! 4 Warning Signs
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What is Speb Adhesives Scaled Net Operating Assets?

Speb Adhesives NSE:SPEB +2.29% 21 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates NSE:SPEB with a GF Score™ of 21/100. The stock has 4 warning signs investors should review.

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

Speb Adhesives's operating assets for the quarter that ended in Mar. 2026 was ₹283.0 Mil. Speb Adhesives's operating liabilities for the quarter that ended in Mar. 2026 was ₹22.3 Mil. Speb Adhesives's Total Assets for the quarter that ended in Sep. 2025 was ₹318.8 Mil. Therefore, Speb Adhesives's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


Speb Adhesives Scaled Net Operating Assets Historical Data

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The historical data trend for Speb 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.

Speb Adhesives Scaled Net Operating Assets Chart

Speb Adhesives Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.90 0.96 0.74 0.79 0.96

Speb Adhesives Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.96 0.74 0.79 0.94 0.82

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

For the Specialty Chemicals subindustry, Speb 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.


Speb Adhesives Scaled Net Operating Assets vs Chemicals Industry

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

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


NSE:SPEB
21GF Score
Speb Adhesives Ltd NSE:SPEB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Speb 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.

Speb 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 )
=(283.004-22.296)/272.739
=0.96

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=579.711 - 296.707
=283.004

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.21 - 0 - -0.086
=22.296

Speb 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: Sep. 2025 )
=(283.004-22.296)/318.778
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=579.711 - 296.707
=283.004

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22.21 - 0 - -0.086
=22.296

* 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.

What does a Scaled Net Operating Assets of 0.82 mean?
Speb Adhesives (NSE:SPEB) has a Scaled Net Operating Assets of 0.82 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Speb Adhesives and its competitors.
Is Speb Adhesives' Scaled Net Operating Assets too high?
Speb Adhesives' current Scaled Net Operating Assets is 0.82. Overall, Speb Adhesives has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Speb Adhesives' Scaled Net Operating Assets compare to LIN and SHW?
Speb Adhesives' Scaled Net Operating Assets of 0.82 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 Scaled Net Operating Assets for a Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Speb Adhesives and its competitors. Speb Adhesives's current Scaled Net Operating Assets is 0.82. 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 Scaled Net Operating Assets of 0.82. The current Scaled Net Operating Assets is 0.82. Speb Adhesives' overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Speb Adhesives (NSE:SPEB), the current Scaled Net Operating Assets is 0.82 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.
21GF Score

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