SPEB Adhesives Ltd (SPEB) — shareholding pattern, promoter holding, financials and share price
About SPEB Adhesives Ltd (SPEB)
SPEB Adhesives Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as SPEB and on the BSE under scrip code 95585. Its ISIN is INE1CW901027.
Speb Adhesive Limited is a company engaged in the manufacturing and distribution of solvent-based synthetic rubber adhesives. [1]
SPEB Adhesives Limited manufactures synthetic rubber–based adhesives with a B2B focus, producing solvent-based polychloroprene and SBS formulations in-house and outsourcing water-based grades until the new plant comes online; the company serves hardware, foam & furnishing, woodworking, ducting & insulation, footwear and genset industries, operating from a Taloja facility with 3,600 tonnes annual capacity and in-house R&D.
The company is shifting strategically into water-based adhesives and capacity expansion: a new Khalapur plant will add 4,950 TPA to reach 8,550 TPA, with Phase 1 focused on water-based grades; proceeds from the December 2025 IPO (₹33.73 crore) will strengthen the balance sheet to fund capex and support the pivot toward higher-margin and environmentally compliant products.
Listed peers in Civil Construction: Pratham EPC Projects Ltd, Kataria Industries Ltd, Visaman Global Sales Ltd, Dhara Rail Projects Ltd, Eleganz Interiors Ltd, Current Infraprojects Ltd.
Valuation & Returns
10 Jul 2026At ₹90 a share on 10 Jul 2026, SPEB Adhesives Ltd (SPEB) was valued at a price-to-earnings ratio of 29.1x against an industry P/E of 25.97x and a price-to-book of 3.85x on a book value of ₹23.39 per share. Solomo computes return on equity of 12.32% and return on capital employed of 16.67% from filed results.
- P/E
- 29.1x
- Industry P/E
- 25.97x
- P/B
- 3.85x
- Book value / share
- ₹23.39
- ROE
- 12.32%
- ROCE
- 16.67%
- ROA
- 11.83%
- Debt / equity
- 0x
- Dividend yield
- 0%
- EBITDA margin
- 19.6%
- 52-week range
- ₹46.55 – ₹98.25
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, SPEB Adhesives Ltd (SPEB) reported revenue of ₹50.57 crore, net profit of ₹6.87 crore and earnings per share of ₹3.06. That compares with revenue of ₹44.78 crore and net profit of ₹5.89 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹25.8 crore and net profit ₹3.21 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 27.88 | 38.35 | 42.56 | 44.78 | 50.57 |
| Net profit (₹ cr) | 2.6 | 1.79 | 4.94 | 5.89 | 6.87 |
| EPS (₹) | - | - | 2,940.48 | 3.34 | 3.06 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 17.08% | 5.09% |
| Profit growth | 31.35% | 19.23% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 73.18% of SPEB Adhesives Ltd (SPEB). Market capitalisation was ₹202 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2026.
Largest disclosed public shareholders in Mar 2026: Compact Structure Fund 7.86%, Jugraj Jain 1.92%, Kalpalabdhi Financials Private Limited 1.32%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 73.18% | - | - | - | - |