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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nikhil Adhesives Limited has published a statutory Form DPT-1 advertisement inviting unsecured fixed deposits from shareholders and the public. The company manufactures polymer emulsions, adhesives, and trades chemicals with manufacturing units across 5 locations in India. The deposit scheme offers interest rates of 8.50%-9.00% per annum for tenures of 1-3 years. As of March 31, 2025, the company held net deposits of Rs. 1124.99 lakhs against a permissible limit of Rs. 4553.82 lakhs, with Rs. 3428.83 lakhs proposed to be raised. The company has CRISIL BBB/Positive rating indicating moderate safety. Financially, FY2024-25 revenue was Rs. 5851.54 million with PAT of Rs. 168.59 million, showing improvement from FY2023-24 despite lower than FY2022-23 levels.
This is a routine regulatory filing for deposit acceptance. The company appears financially stable with no defaults, adequate interest coverage ratio of 3.76x, and a moderate credit rating. The attractive interest rates (up to 9%) may help the company raise medium-term finance for business expansion including its planned RDP product capacity at Dahej plant.