3 Adhesives and Waterproofing Brand Leader, Northern India Cement Maker and Structural Steel Tubes Producer Stocks With a Strong Future Roadmap: Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes
- October 27, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes: ROE of 10.6% to 22.7% and FY22 to FY26 revenue CAGR of 5.8% to 15.3%. Prices as of 26 Oct 2026.
Quick Answer
The three adhesive, cement and steel tube building stocks to watch are Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes. Their return on equity ranges from 10.6% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.3%. APL Apollo Tubes leads on both return on equity at 22.7% and revenue growth at 15.3% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.
Adhesive, cement and steel tube building stocks let investors follow companies that serve a growing part of the Indian economy. Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes cover an adhesives and waterproofing brand leader, a northern India cement maker and a structural steel tubes producer.
This list covers three adhesive, cement and steel tube building stocks with complete current figures: Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.
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What Are Adhesive, Cement and Steel Tube Building Stocks?
Adhesive, cement and steel tube building stocks are listed companies that sell adhesives, cement and steel tubes to builders, contractors and homeowners. Their earnings depend on housing activity, infrastructure work, brand strength and input costs.
Adhesive, Cement and Steel Tube Building Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Pidilite Industries | 1,478 | 150,953 | 56.4 | 35.1 | 22.6 | 0.04 |
| JK Lakshmi Cement | 472.6 | 6,094 | 16.4 | 29.1 | 10.6 | 0.67 |
| APL Apollo Tubes | 2,077.9 | 59,835 | 48.7 | 44.4 | 22.7 | 0.09 |
On valuation, JK Lakshmi Cement trades at a P/E below the industry P/E, while Pidilite Industries and APL Apollo Tubes trade above it, which reflects the growth the market already expects. Readers comparing adhesive, cement and steel tube building stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in adhesive, cement and steel tube building stocks can use the coming numbers to test whether growth is holding.
Why Do Adhesive, Cement and Steel Tube Building Stocks Have a Strong Roadmap in India?
Adhesive, cement and steel tube building stocks have a strong roadmap in India because housing growth, infrastructure spending and a preference for branded building products keep widening demand across the building chain.
- Housing demand. New homes use cement, tubes and adhesives.
- Infrastructure. Roads and buildings consume cement and steel.
- Brand pull. Trusted names are chosen by builders and dealers.
Why Pidilite Industries Features Among These Adhesive, Cement and Steel Tube Building Stocks
Among the adhesive, cement and steel tube building stocks on this list, Pidilite Industries is India’s leading adhesives and construction chemicals company and the maker of Fevicol, Dr. Fixit, M-Seal and Fevikwik, among other brands.
In the June 2026 quarter, revenue grew 21.0% year on year to Rs 4,644 crore, while net profit rose 30.3% to Rs 884 crore. Revenue rose from Rs 9,957 crore in FY22 to Rs 14,867 crore in FY26, a compound annual growth rate of 10.5%.
Net profit grew from Rs 1,207 crore in FY22 to Rs 2,471 crore in FY26, which works out to a compound annual growth rate of 19.6%. The company has a return on equity of 22.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 150,953 crore. The stock trades at a P/E of 56.4, above the industry P/E of 35.1.
Roadmap: The company has a strong brand and a vast distribution network, and it continues to add products in waterproofing, paints and construction chemicals. Premium categories and new launches contribute to growth in housing and renovation.
What to watch: Check volume growth in consumer and bazaar products and the trend in raw material prices.
Why JK Lakshmi Cement Features Among These Adhesive, Cement and Steel Tube Building Stocks
Among the adhesive brand and building material shares on this list, JK Lakshmi Cement makes grey cement and ready-mix concrete for customers in northern and western India, selling mainly through a strong dealer network under the JK Lakshmi brand.
The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1.
Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore.
Roadmap: The company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.
What to watch: Check capacity expansion progress and volume growth in core regions.
Why APL Apollo Tubes Features Among These Adhesive, Cement and Steel Tube Building Stocks
Among the three companies on this list, APL Apollo Tubes is India’s largest maker of structural steel tubes, supplying galvanised and pre-galvanised tubes for buildings, infrastructure, solar structures and housing.
Revenue rose from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 619 crore in FY22 to Rs 1,203 crore in FY26, which works out to a compound annual growth rate of 18.1%.
In the June 2026 quarter, revenue grew 8.7% year on year to Rs 5,646 crore, while net profit rose 10.9% to Rs 263 crore. The company has a return on equity of 22.7%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 59,835 crore. The stock trades at a P/E of 48.7, above the industry P/E of 44.4.
Roadmap: The company is widening its product range into value-added tubes, expanding capacity across the country and growing its dealer network. Adoption of steel structures in buildings and solar installations supports volume growth.
What to watch: Check the growth in value-added products and the commissioning of new plants.
Pidilite Industries vs JK Lakshmi Cement vs APL Apollo Tubes on Key Financials
The table below sets the three adhesive, cement and steel tube building stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Pidilite Industries | 9,957 | 14,867 | 10.5% | 2,471 | 16.6% |
| JK Lakshmi Cement | 5,488 | 6,875 | 5.8% | 413 | 6.0% |
| APL Apollo Tubes | 13,104 | 23,191 | 15.3% | 1,203 | 5.2% |
APL Apollo Tubes posts the highest return on equity in this group at 22.7%. APL Apollo Tubes combines the largest FY26 revenue at Rs 23,191 crore with the fastest revenue growth, a 15.3% compound annual rate. A useful habit with adhesive, cement and steel tube building stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several grey cement and hollow section stocks instead of one name, which keeps a single result from deciding the outcome.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Pidilite Industries | 3,839 | 4,644 | 21.0% |
| JK Lakshmi Cement | 1,763 | 1,920 | 8.9% |
| APL Apollo Tubes | 5,195 | 5,646 | 8.7% |
Key Risks to Check Before Investing in Adhesive, Cement and Steel Tube Building Stocks
Every theme carries risks that deserve a check before any decision. For these adhesive, cement and steel tube building stocks, the main points are: Long-term adhesive brand and building material shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Input costs. Fuel, steel and crude linked inputs affect margins.
- Competition. New capacity can add pressure in cement and tubes.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter adhesive, cement and steel tube building stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Adhesive, Cement and Steel Tube Building Stocks
Adhesive, cement and steel tube building stocks reward investors who follow demand trends, order books and margins together. Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes each have a clear plan to expand. Based on the 26 October 2026 close, Pidilite Industries trades at Rs 1,478, JK Lakshmi Cement at Rs 472.6 and APL Apollo Tubes at Rs 2,077.9. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these adhesive, cement and steel tube building stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are adhesive, cement and steel tube building stocks?
Ans. Adhesive, cement and steel tube building stocks are listed companies that sell adhesives, cement and steel tubes to builders, contractors and homeowners. Their earnings depend on housing activity, infrastructure work, brand strength and input costs. This list looks at three of them, Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.
Which adhesive, cement and steel tube building stocks are covered in this list?
Ans. This list covers Pidilite Industries, JK Lakshmi Cement and APL Apollo Tubes. Based on the 26 October 2026 close, Pidilite Industries traded at Rs 1,478, JK Lakshmi Cement at Rs 472.6 and APL Apollo Tubes at Rs 2,077.9. Their return on equity ranges from 10.6% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.3%.
Why do adhesive, cement and steel tube building stocks have a strong future roadmap in India?
Ans. Adhesive, cement and steel tube building stocks have a strong roadmap in India because housing growth, infrastructure spending and a preference for branded building products keep widening demand across the building chain. The main drivers are as follows. Housing demand. New homes use cement, tubes and adhesives. Infrastructure. Roads and buildings consume cement and steel. Brand pull. Trusted names are chosen by builders and dealers. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Pidilite Industries performed financially?
Ans. Revenue rose from Rs 9,957 crore in FY22 to Rs 14,867 crore in FY26, a compound annual growth rate of 10.5%. Net profit grew from Rs 1,207 crore in FY22 to Rs 2,471 crore in FY26, which works out to a compound annual growth rate of 19.6%. In the June 2026 quarter, revenue grew 21.0% year on year to Rs 4,644 crore, while net profit rose 30.3% to Rs 884 crore. The company has a return on equity of 22.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 150,953 crore. The stock trades at a P/E of 56.4, above the industry P/E of 35.1. Looking ahead, the company has a strong brand and a vast distribution network, and it continues to add products in waterproofing, paints and construction chemicals. Premium categories and new launches contribute to growth in housing and renovation.
How has JK Lakshmi Cement performed financially?
Ans. Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1. Looking ahead, the company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.
How has APL Apollo Tubes performed financially?
Ans. Revenue rose from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 619 crore in FY22 to Rs 1,203 crore in FY26, which works out to a compound annual growth rate of 18.1%. In the June 2026 quarter, revenue grew 8.7% year on year to Rs 5,646 crore, while net profit rose 10.9% to Rs 263 crore. The company has a return on equity of 22.7%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 59,835 crore. The stock trades at a P/E of 48.7, above the industry P/E of 44.4. Looking ahead, the company is widening its product range into value-added tubes, expanding capacity across the country and growing its dealer network. Adoption of steel structures in buildings and solar installations supports volume growth.
What risks should investors check before buying adhesive, cement and steel tube building stocks?
Ans. Investors should check a few risks before buying adhesive, cement and steel tube building stocks. Input costs. Fuel, steel and crude linked inputs affect margins. Competition. New capacity can add pressure in cement and tubes. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of adhesive, cement and steel tube building stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 26 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.