MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-27-0013909
Market Cap
₹170 Cr
SPEB-SM · NSE
Share Price
₹71.70
-4.97% today
Revenue
₹50.57 Cr
FY 2025-26 · +12.9% YoY
EBITDA
₹9.04 Cr
Margin 17.9%
Net Profit
₹6.86 Cr
FY 2025-26 · +14.0% YoY
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹22.46 Cr
Issued & subscribed
Open charges
₹9.3 Lakh
Satisfied ₹4.09 Cr
About Speb Adhesives Limited
Data last updated:
Speb Adhesives Limited is a public limited company based in Panvel, Maharashtra, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 07 November 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1990PLC058873. Its GSTIN is 27AACCS4374E1ZD (Maharashtra). It is a listed company as per MCA records. Its shares are listed on NSE: SPEB.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.46 Cr. It was formerly known as Speb Adhesives Private Limited. It is led by directors including Gaurav Kirti Vithlani (Managing Director) and Kirtikumar Kanayalal Vithlani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Panvel, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹50.57 Cr, a growth of 12.9% compared to the previous year. For the same year it recorded a net profit of ₹6.86 Cr (net margin 13.6%) and EBITDA of ₹9.04 Cr (EBITDA margin 17.9%). The net worth stands at ₹55.75 Cr (up 119.8% YoY). Total assets are valued at ₹55.84 Cr (up 119.8% YoY).
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.3 Lakh and satisfied charges of ₹4.09 Cr on record. The company has 1 deal on record (1 ipo); the latest was in December 2025.
Speb Adhesives Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0013909). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website speb7.com.
Company details
CIN U99999MH1990PLC058873
Registration Number 058873
Incorporation Date 07 November 1990
ROC Mumbai
Listing Status Listed (NSE: SPEB)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-27-0013909
CIN history
Speb Adhesives has one previous CIN (Corporate Identification Number): U99999MH1990PTC058873. The current CIN is U99999MH1990PLC058873, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1990PLC058873 | Current |
| U99999MH1990PTC058873 | Previous |
Key People
Gaurav Kirti Vithlani Managing Director Kirtikumar Kanayalal Vithlani Whole-Time Director Chirag Suresh Shah Director Recognitions & Rankings of Speb Adhesives
Contact details
Speb Adhesives Limited's registered office is in Panvel, Maharashtra.
- Registered AddressPlot No. J 33 MIDC, Taloja Raigad, Panvel, Maharashtra, India – 410208
- IndustryChemicals and Materials, Industrial Chemicals
Comprehensive company report
Speb Adhesives Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Speb Adhesives is manufacturing. In detail, this covers manufacture of chemicals and chemical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products |
To see the full business activity and turnover split of Speb Adhesives Limited, buy the company report.
Financials of Speb Adhesives Limited
FY 2025-26 filings availableSpeb Adhesives Limited reported revenue of ₹50.57 Cr (up 12.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹50.57 Cr
+12.9% YoY
EBITDA
₹9.04 Cr
+15.2% YoY
Profit After Tax
₹6.86 Cr
+14.0% YoY
Net Worth
₹55.75 Cr
+119.8% YoY
Total Assets
₹55.84 Cr
+119.8% YoY
Total Debt
−₹0.01 Cr
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 50.57 | 44.79 | 42.62 | 38.37 | 27.91 |
| Revenue growth | +12.9% | +5.1% | +11.1% | +37.5% | - |
| EBITDA | 9.04 | 7.85 | 6.55 | 2.40 | 3.64 |
| EBITDA margin | +17.9% | +17.5% | +15.4% | +6.3% | +13.0% |
| Profit before tax | 9.29 | 8.14 | 6.65 | 2.48 | 3.45 |
| Net profit | 6.86 | 6.02 | 4.91 | 1.80 | 2.59 |
| Net profit margin | +13.6% | +13.4% | +11.5% | +4.7% | +9.3% |
| EPS (₹) | 3.59 | 3.35 | 2,936.82 | 968.22 | 1,410.68 |
| Balance sheet | |||||
| Total assets | 55.84 | 25.41 | 19.48 | 19.56 | 17.74 |
| Net worth | 55.75 | 25.36 | 19.47 | 19.33 | 17.55 |
| Total debt | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 29.67 | 14.80 | 8.44 | 3.71 | 2.83 |
| Net working capital | 39.20 | 23.10 | 16.91 | 14.10 | 11.63 |
| Cash flow | |||||
| Cash from operations | 4.74 | 6.56 | - | 0.37 | (1.12) |
| Cash from investing | (10.51) | (6.14) | - | 0.42 | 3.26 |
| Cash from financing | 24.03 | (0.52) | - | 0.00 | (2.76) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 50.57 | 44.79 | 42.62 | 38.37 | 27.91 |
| Revenue growth | +12.9% | +5.1% | +11.1% | +37.5% | - |
| Other income | 0.87 | 0.75 | 0.60 | 0.42 | 0.38 |
| Total expenses | 41.53 | 36.94 | 36.07 | 35.97 | 24.27 |
| Employee cost | 0.00 | 1.08 | 0.90 | 0.88 | 0.73 |
| EBITDA | 9.04 | 7.85 | 6.55 | 2.40 | 3.64 |
| EBITDA margin | +17.9% | +17.5% | +15.4% | +6.3% | +13.0% |
| Depreciation | 0.62 | 0.44 | 0.48 | 0.32 | 0.35 |
| Interest | 0.00 | 0.02 | 0.02 | 0.02 | 0.22 |
| Profit before tax | 9.29 | 8.14 | 6.65 | 2.48 | 3.45 |
| Tax | 2.43 | 2.24 | 1.71 | 0.68 | 0.85 |
| Net profit | 6.86 | 6.02 | 4.91 | 1.80 | 2.59 |
| Net profit margin | +13.6% | +13.4% | +11.5% | +4.7% | +9.3% |
| EPS (₹) | 3.59 | 3.35 | 2,936.82 | 968.22 | 1,410.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 22.46 | 17.61 | 0.17 | 0.18 | 0.18 |
| Reserves & surplus | 33.29 | 7.75 | 19.30 | 19.15 | 17.37 |
| Shareholders' funds (net worth) | 55.75 | 25.36 | 19.47 | 19.33 | 17.55 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 55.84 | 25.41 | 19.48 | 19.56 | 17.74 |
| Assets | |||||
| Gross block | 6.95 | 5.13 | 5.13 | 4.62 | 4.62 |
| Net block | 3.50 | 2.30 | 2.55 | 1.71 | 2.04 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 3.13 | 3.26 |
| Inventories | 3.14 | 2.41 | 3.07 | 3.27 | 2.93 |
| Sundry debtors | 8.04 | 6.86 | 6.19 | 7.61 | 6.45 |
| Cash & bank balances | 29.67 | 14.80 | 8.44 | 3.71 | 2.83 |
| Loans & advances | 0.48 | 0.89 | 0.43 | 0.43 | 0.48 |
| Total current assets | 41.33 | 24.96 | 18.13 | 15.02 | 12.69 |
| Total current liabilities | 2.13 | 1.86 | 1.22 | 0.92 | 1.06 |
| Net working capital | 39.20 | 23.10 | 16.91 | 14.10 | 11.63 |
| Total assets | 55.84 | 25.41 | 19.48 | 19.56 | 17.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 2.64 | 2.74 | - | 0.66 | 1.28 |
| Net cash from operating activities | 4.74 | 6.56 | - | 0.37 | (1.12) |
| Net cash from investing activities | (10.51) | (6.14) | - | 0.42 | 3.26 |
| Net cash from financing activities | 24.03 | (0.52) | - | 0.00 | (2.76) |
| Net change in cash | 18.27 | (0.10) | - | 0.78 | (0.62) |
| Closing cash | 29.67 | 14.80 | - | 3.71 | 2.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +12.9% | +5.1% | +11.1% | +37.5% | - |
| EBITDA growth | +15.2% | +19.9% | +172.9% | -34.1% | - |
| PBT growth | +14.1% | +22.4% | +168.2% | -28.1% | +9997.0% |
| Net income growth | +14.0% | +22.6% | +172.8% | -30.5% | - |
| Revenue CAGR (3Y) | +9.6% | +17.1% | - | - | - |
| EBITDA CAGR (3Y) | +55.6% | +29.2% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +13.6% | +13.2% | +11.6% | +4.7% | +9.3% |
| Return on capital employed | - | +36.3% | +34.2% | +13.4% | +20.7% |
| Return on net worth | - | +26.3% | +25.5% | +9.7% | +14.8% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.27 | 0.33 | 0.96 | 6.69 |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 8.73 | 8.74 | 8.31 | 6.04 |
| Inventory turnover | - | 16.35 | 13.44 | 12.38 | 9.53 |
| Debtors turnover | - | 6.86 | 6.18 | 5.46 | 4.33 |
| EPS (₹) | 3.59 | 3.35 | 2,936.82 | 968.22 | 1,410.68 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 14.40 | 11,579.89 | 10,486.98 | 9,518.82 |
To see the full year-wise statements and ratios of Speb Adhesives Limited, buy the company report.
Board of directors of Speb Adhesives Limited
Speb Adhesives has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Suresh Shah Also directs: Brown Box Trade LLP, Kusur Lifespace LLP | Director | 01 Feb 2025 | 1 Years 9 Months | Current |
| Harish Kanayalal Vithlani | Director | 07 Nov 1990 | 35 Years 11 Months | Current |
| Kirtikumar Kanayalal Vithlani | Whole-Time Director | 07 Nov 1990 | 35 Years 11 Months | Current |
| Sartaj Singh Also directs: Bessel Systems Limited | Director | 13 May 2025 | 1 Years 5 Months | Current |
| Gaurav Kirti Vithlani | Managing Director | 01 Oct 2000 | 26 Years 1 Months | Current |
| Bhaumik Harish Vithlani | Director | 01 Jan 2003 | 23 Years 10 Months | Current |
Showing 6 of 8 current directors. View all directors
Charges & borrowings
Open charges
₹9.3 Lakh
Satisfied charges
₹4.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2006 | 10037268 | Bank of Baroda | ₹2 Cr | Satisfied | |
| 10 Mar 1993 | 80022600 | Bank of Baroda | ₹2 Cr | Satisfied | |
| 25 Mar 1991 | 90151781 | Bank of Baroda | ₹9.3 Lakh | Satisfied |
To see the full charge records of Speb Adhesives Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Speb Adhesives Limited has 1 deal on record (1 ipo); the latest was in December 2025.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | IPO | ₹33.73 Cr | Investors: Compact Structure Fund, Krushnam Nexus Capital, North Star Opportunities Fund Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Speb Adhesives Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Speb Adhesives Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Speb Adhesives has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS4374E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Speb Adhesives Limited, buy the company report.
Recent activity
Speb Adhesives Limited has 14 board changes on record since 1990: 8 appointments and 6 cessations. The latest: Kajal Arunkumar Pandya was appointed as Director on 13 May 2025.
Filing
Speb Adhesives Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
AGM
Speb Adhesives Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Kajal Arunkumar Pandya was appointed as Director.
Ceased
Kajal Arunkumar Pandya ceased to be Additional Director.
Appointed
Sartaj Singh was appointed as Director.
Ceased
Sartaj Singh ceased to be Additional Director.
Ceased
Chirag Suresh Shah ceased to be Additional Director.
Ceased
Dhaval Janak Mehta ceased to be Additional Director.
Ceased
Gaurav Kirti Vithlani ceased to be Director.
Appointed
Chirag Suresh Shah was appointed as Director.
Appointed
Dhaval Janak Mehta was appointed as Director.
Ceased
Kirtikumar Kanayalal Vithlani ceased to be Managing Director.
13 earlier events are in the company report.
Frequently asked questions
Speb Adhesives is an active public limited company based in Panvel, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 07 November 1990 (36+ years old) and is registered under CIN U99999MH1990PLC058873. Listed on NSE: SPEB.
Speb Adhesives reported revenue of ₹50.57 Cr for FY 2025-26 (up 12.9% YoY) based on standalone financials.
Speb Adhesives has 8 current directors:
- Gaurav Kirti Vithlani - Managing Director
- Kirtikumar Kanayalal Vithlani - Whole-Time Director
- Chirag Suresh Shah - Director
- Harish Kanayalal Vithlani - Director
- Sartaj Singh - Director
- Bhaumik Harish Vithlani - Director
- Kajal Arunkumar Pandya - Director
- Dhaval Janak Mehta - Director
The latest financial statements of Speb Adhesives on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Speb Adhesives is 27AACCS4374E1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Speb Adhesives is U99999MH1990PLC058873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Speb Adhesives is a listed company as per MCA records. Its shares are listed on NSE (symbol: SPEB).
Speb Adhesives was incorporated on 07 November 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Speb Adhesives has 1 deal on record (1 ipo); the latest was in December 2025.
Kajal Arunkumar Pandya was appointed as Director on 13 May 2025. Kajal Arunkumar Pandya ceased to be Additional Director on 13 May 2025. Sartaj Singh was appointed as Director on 13 May 2025. Speb Adhesives has 14 board changes on record in total.
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