Hp Adhesives Limited - Due diligence report

A 360° intelligence report on Hp Adhesives: trust score, financial health, credit view, compliance, directors, growth and distress signals -…

2019-05-07 Mumbai, Maharashtra Active Listed Active Compliant
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HA Hp Adhesives Limited
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  • Director details, charges & MCA documents
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Hp Adhesives — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Hp Adhesives is assessed as Low Risk with a Trust Score of 84/100. Hp Adhesives is an active public limited indian non-government company incorporated in 2019, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Hp Adhesives Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
66/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 3 open (47.17 cr) · 3 satisfied (18.15 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
Compliance Score: 66/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (112 disclosure(s)).
  • 3 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
KARAN HARESH MOTWANI 01234567 Director 01/04/2018 6 yrs Approved
ANJANA HARESH MOTWANI 01234567 Director 01/04/2018 6 yrs Approved
SURENDRA KUMAR MEHTA 01234567 Director 01/04/2018 6 yrs Approved
MIHIR SURESH SHAH 01234567 Director 01/04/2018 6 yrs Approved
AJEET ANANT WALAVALKAR 01234567 Director 01/04/2018 6 yrs Approved
RAJENDRA KUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
NIDHI HARESH MOTWANI 01234567 Director 01/04/2018 6 yrs Approved
JYOTI NIKUNJ CHAWDA 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Key managerial personnel: KARAN HARESH MOTWANI (Managing Director) · MIHIR SURESH SHAH (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 7 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 15.05 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment88/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 47.17 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view84/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Sep 2024
Last AGM held
Annual general meeting
16 Aug 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
22 Feb 2024
Charge satisfied
Others
07 Feb 2024
Charge created
Others - 45.00 Lakh
22 Feb 2023
Charge satisfied
Others
28 Apr 2022
Director ceased
NIDHI HARESH MOTWANI
10 Feb 2022
Director appointed
NIDHI HARESH MOTWANI (Director)
22 Dec 2021
Securities allotted
4140000 Equity Shares - 113.44 cr raised
06 Jul 2021
Director ceased
AJEET ANANT WALAVALKAR
Director ceased
RAJENDRA KUMAR JAIN
05 Jul 2021
Director appointed
MIHIR SURESH SHAH (CFO)
Director appointed
AJEET ANANT WALAVALKAR (Director)
Director appointed
RAJENDRA KUMAR JAIN (Director)
Director appointed
JYOTI NIKUNJ CHAWDA (Company Secretary)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Kemwell U24232KA2008PTC046341 Bangalore, Karnataka, India
Matrixfinesciences U24233MH2013PTC243185 Aurangabad, Maharashtra, India
Kcp Sugar & Industries Corpora L15421TN1995PLC033198 Chennai, Tamil Nadu, India
Arcl Organics L24121WB1992PLC056562 Kolkata, West Bengal, India
Kamla Organics Private Limited U15100HP1982PTC004919 Himachal Pradesh, Himachal Pradesh, India
Zota Healthcare L24231GJ2000PLC038352 Surat, Gujarat, India
Credo U14290GJ2016PLC092013 Ahmedabad, Gujarat, India
Konkan Speciality Polyproducts Private Limited U02520KA1987PTC008643 Karnataka, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Hp Adhesives before audits and certifications: compliance score 66/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hp Adhesives: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Hp Adhesives - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Hp Adhesives pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Hp Adhesives - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hp Adhesives an active company?

Hp Adhesives has MCA status “Active” with a compliance score of 66/100 (Moderate).

Is Hp Adhesives financially healthy?

Hp Adhesives has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Hp Adhesives?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hp Adhesives?

Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Hp Adhesives have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Hp Adhesives up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 66/100 (Moderate).

Is it risky to lend to Hp Adhesives?

Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.