HP Adhesives Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 0.40 per equity share.
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On the reaction day the stock moved 11.8 pts less than Nifty Microcap 250 and 11.0 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HP Adhesives reported a significant decline in profitability for FY26 with consolidated PAT falling 62% to Rs. 697.70 Lakhs (EPS Rs. 0.76) compared to Rs. 1,824.36 Lakhs (EPS Rs. 1.99) in FY25. Revenue from operations remained nearly flat at Rs. 24,927.52 Lakhs vs Rs. 25,979.33 Lakhs. The board recommended a final dividend of Rs. 0.40 per share (20% on Rs. 2 face value), subject to shareholder approval. A major fire incident on January 17, 2026 at Unit I manufacturing plant resulted in an estimated loss of Rs. 2,498.50 Lakhs recognised under exceptional items, with insurance claim receivable pending final assessment. The statutory auditor issued an unmodified opinion on the financial results. Operating cash flow was Rs. 707.97 Lakhs, though cash balances declined sharply from Rs. 313.73 Lakhs to Rs. 88.97 Lakhs.
The sharp 62% decline in PAT despite stable revenue signals margin compression and operational challenges from the fire incident. Shareholders may see the dividend as a positive signal, but the significant profit decline and uncertainty around insurance recovery may weigh on the stock near term.