SPEB Adhesives FY26 Net Profit Rises 13.4% to Rs 686.58 Lacs
SPEB Adhesives Limited reported a 13.4% increase in net profit to Rs 686.58 lacs for FY26, driven by a 12.71% rise in revenue to Rs 5,056.83 lacs. EBITDA improved to Rs 903.63 lacs with a margin of 17.87%, while total assets surged to Rs 5,797.11 lacs following a successful IPO. The company remains debt-free with an ROE of 12.31% and an ROCE of 16.64%.
*this image is generated using AI for illustrative purposes only.
SPEB Adhesives Limited has reported its audited financial results for the financial year ended March 31, 2026. The company recorded a net profit of Rs 686.58 lacs, representing a 13.4% increase compared to Rs 605.47 lacs in the previous year. Revenue from operations for the year stood at Rs 5,056.83 lacs, up from Rs 4,486.52 lacs in the prior year, reflecting a 12.71% year-on-year growth.
Financial Performance
The company’s EBITDA for FY26 improved to Rs 903.63 lacs from Rs 782.52 lacs in FY25, with an EBITDA margin of 17.87%. Earnings per share (EPS) for the full year rose to Rs 3.59 from Rs 3.44 in the previous year. The half-year ended March 31, 2026, also showed positive performance, with a net profit of Rs 321.39 lacs on revenue from operations of Rs 2,579.97 lacs.
| Key Metrics (Rs in Lacs) | Year Ended Mar 31, 2026 | Year Ended Mar 31, 2025 |
|---|---|---|
| Revenue from Operations | 5,056.83 | 4,486.52 |
| Net Profit | 686.58 | 605.47 |
| EBITDA | 903.63 | 782.52 |
| Total Assets | 5,797.11 | 2,727.39 |
Operational Highlights
Total assets as of March 31, 2026, increased significantly to Rs 5,797.11 lacs from Rs 2,727.39 lacs, driven largely by a successful Initial Public Offering (IPO) in December 2025. The IPO raised Rs 33.73 crores, resulting in a net cash flow from financing activities of Rs 2,403.35 lacs. Cash and bank balances surged to Rs 2,967.07 lacs. The company maintains a debt-free balance sheet with a Return on Equity (ROE) of 12.31% and a Return on Capital Employed (ROCE) of 16.64%.
Business Overview
SPEB Adhesives operates primarily in the solvent-based synthetic rubber adhesive segment, which accounted for 97.85% of its total revenue in FY26. The company serves diverse industries including woodworking, footwear, HVAC, and automotive through a network of over 250 customers and 50,000 retail outlets. It has an annual production capacity of 3600 tons with a utilization rate of 79.60%.
Conference Call Update
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, the audio recording of the earnings conference call held on Tuesday, May 19, 2026, is now available. The call was convened to discuss the audited financial results for the half-year and financial year ended March 31, 2026. The recording can be accessed on the company's official website.
Historical Stock Returns for Speb Adhesives
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.89% | +76.26% | +69.30% | +69.30% | +69.30% |
How does SPEB Adhesives plan to deploy the Rs 2,967 crore cash reserves raised through its IPO to drive future revenue growth beyond the current 12.71% trajectory?
Given the company's 97.85% revenue concentration in solvent-based synthetic rubber adhesives, what steps is management taking to diversify its product portfolio and reduce segment-specific risk?
With a current production capacity utilization of 79.60% on 3,600 tons annually, does the company have plans to expand manufacturing capacity to meet potential demand growth across its target industries?
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