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Earnings Call

Speb Adhesives Earnings Call: Key Takeaways

Speb Adhesives Limited reports revenue growth from ₹44.80Cr (FY25) to ₹50.57Cr (FY26) with OPM expanding to 17.87%. Strategy focuses on in-house manufacturing for higher-margin water-based adhesives.

Highlights
Revenue growthFY26 revenue ₹50.57Cr vs ₹44.80Cr in FY25.
MarginsOperating margins expanded from 13% in FY22 to 17.9% in FY26.
Demand visibilityB2B repeat orders and multi-industry presence provide stability.

Growth

FY26 revenue hit ₹50.57Cr; PAT margin 13.58%. In-house manufacturing dominates revenue at 97.85%.

Outlook

Capex at Khalapur to expand capacity 137% to 8,550 TPA by CY2026; targeting 20% EBITDA margin by FY29E.

Risks

Expansion into B2C/D2R adds operational complexity; current 79.6% utilization leaves moderate headroom before new plant commissions.

Source

Earnings Call filed with NSE, NSE: SPEB. Summary written with AI assistance from the document.

Read the document ↗

Speb Adhesives Ltd: key numbers

Share price
₹91.00
Market cap
₹204.4 Cr
Revenue (annual)
₹50.57 Cr
Net profit (annual)
₹6.87 Cr
P/E (TTM)
29.8×Sector 37.5×
Promoter holding
73.18%
FII holding
0.40%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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23:25 IST NSE
New Order Win

Speb Adhesives Bags ₹0.89 Cr Order from Abul Hassan Building Materials Trading LLC

Speb Adhesives Limited secured an international purchase order from Abul Hassan Building Materials Trading LLC. The contract is valued at approximately ₹0.89 Crore.

Value
₹0.89 Cr
From
Abul Hassan Building Materials Trading LLC
Execution
One Month
20:18 IST NSE
Annual General Meeting

Speb Adhesives Annual General Meeting

Speb Adhesives Limited has issued a notice for its 36th Annual General Meeting, scheduled to be held on September 28, 2026, via video conferencing.