Hindustan Adhesives Ltd vs Polyplex Corporation Ltd Stock Comparison

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Last Updated on: Oct 25, 2026

Key Highlights

The Latest Trading Price of Hindustan Adhesives Ltd is ₹ 383.1 as of 23 Oct 15:30 . The P/E Ratio of Hindustan Adhesives Ltd changed from 20.6 on March 2023 to 9.6 on March 2026 . This represents a CAGR of -17.38% over 4 yearsThe P/E Ratio of Polyplex Corporation Ltd changed from 5.4 on March 2021 to 53.1 on March 2026 . This represents a CAGR of 46.37% over 6 years The Market Cap of Hindustan Adhesives Ltd changed from ₹ 100.15 crore on March 2023 to ₹ 143.08 crore on March 2026 . This represents a CAGR of 9.33% over 4 yearsThe Market Cap of Polyplex Corporation Ltd changed from ₹ 2700 crore on March 2021 to ₹ 2344 crore on March 2026 . This represents a CAGR of -2.33% over 6 years The revenue of Hindustan Adhesives Ltd for the Jun '26 is ₹ 80.31 crore as compare to the Mar '26 revenue of ₹ 59.32 crore. This represent the growth of 35.38% The revenue of Polyplex Corporation Ltd for the Jun '26 is ₹ 2279 crore as compare to the Mar '26 revenue of ₹ 1932 crore. This represent the growth of 17.93% The ebitda of Hindustan Adhesives Ltd for the Jun '26 is ₹ 21.83 crore as compare to the Mar '26 ebitda of ₹ 6.91 crore. This represent the growth of 215.92% The ebitda of Polyplex Corporation Ltd for the Jun '26 is ₹ 321.9 crore as compare to the Mar '26 ebitda of ₹ 150.06 crore. This represent the growth of 114.51% The net profit of Hindustan Adhesives Ltd changed from ₹ 2.13 crore to ₹ 10.64 crore over 9 quarters. This represents a CAGR of 104.40% The net profit of Polyplex Corporation Ltd changed from ₹ 97.13 crore to ₹ 171.07 crore over 9 quarters. This represents a CAGR of 28.60% The Dividend Payout of Hindustan Adhesives Ltd changed from 0 % on March 2021 to 0 % on March 2026 . This represents a CAGR of 0.0% over 6 yearsThe Dividend Payout of Polyplex Corporation Ltd changed from 115.64 % on March 2021 to 16.2 % on March 2026 . This represents a CAGR of -27.93% over 6 years .

About Hindustan Adhesives Ltd

Hindustan Adhesives Limited (HAL) established in April, 1988 ventured into manufacturing products for fast growing packaging industry, a Specialty Adhesive Coating Company with the then latest technology of Acrylic emulsion based coating and Hot Melt Adhesive coatings.
It further expanded progressively to bring the latest and Specialized Double Bubble Film technology in this Industry. Presently, the Company has 3 manufacturing locations, consisting of Gautam-budh Nagar in Uttar Pradesh, Roorkee in Uttarakhand and Bhadreshwar - Kutch, in Gujarat, with a marketing presence throughout India.
It has state-of-the-art equipment like the acrylic adhesive coating machine, hot melt coating and adhesive making machine and BOPP film making equipment.
The BOPP adhesive tapes are mainly used in the packaging industry.

About Polyplex Corporation Ltd

Polyplex Corporation Limited was incorporated in October, 1984.
Promoted by Sanjiv Saraf in association with Mahalaxi Trading & Investment Company, a non-resident corporate body, the Corporation is a leading Biaxially Oriented Polyethylene Terephthalate Film (BOPET) film producer.
It offers a wide range of plastic films across various substrates including BOPET (thin & thick), Biaxially Oriented Polypropylene Film (BOPP), Cast Polypropylene (CPP) and Blown Polypropylene/Polyethylene (Blown PP/PE).
Its portfolio of specialty, innovative and differentiated products are used across packaging, electrical & electronic and other industrial applications.
The Company currently operate a total base film capacity of ~439,437 MTPA as of March 31, 2024. Polyplex is the only global player with resin plants at all manufacturing locations.

FAQs for the comparison of Hindustan Adhesives Ltd and Polyplex Corporation Ltd

Which company has a larger market capitalization, Hindustan Adhesives Ltd or Polyplex Corporation Ltd?

Market cap of Hindustan Adhesives Ltd is 196 Cr while Market cap of Polyplex Corporation Ltd is 2,801 Cr

What are the key factors driving the stock performance of Hindustan Adhesives Ltd and Polyplex Corporation Ltd?

The stock performance of Hindustan Adhesives Ltd and Polyplex Corporation Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Hindustan Adhesives Ltd and Polyplex Corporation Ltd?

As of October 25, 2026, the Hindustan Adhesives Ltd stock price is INR ₹383.1. On the other hand, Polyplex Corporation Ltd stock price is INR ₹892.4.

How do dividend payouts of Hindustan Adhesives Ltd and Polyplex Corporation Ltd compare?

To compare the dividend payouts of Hindustan Adhesives Ltd and Polyplex Corporation Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.