Synopsis:
Srivasavi Adhesive Tapes Ltd gained in trade after securing a purchase order worth nearly Rs. 5 crore from Tata Motors for the supply of technical adhesive tape, to be executed within 10–12 months. The deal strengthens the company’s automotive sector presence and adds to its growing domestic and international portfolio.
A prominent tape manufacturer exporting to over 32 countries announced receiving a significant work order from one of India’s leading automobile companies, Tata Motors.
Srivasavi Adhesive Tapes Ltd, with a market capitalisation of Rs. 94.19 crore, opened flat at Rs. 63.55, the same as the previous close, before climbing to an intraday high of Rs. 66.45, marking a 4.56 percent rise. The rise came after the company disclosed the Tata Motors deal, reinforcing investor optimism about its order book momentum.
What’s the News?
The company disclosed receipt of a domestic purchase order valued at Rs. 4.99 crore (including GST) from Tata Motors Limited for the supply of technical adhesive tape. The contract will be executed over the next 10–12 months. Srivasavi’s management views the order as a testament to its product quality and growing credibility with major automotive OEMs.
Founded in 2002, Srivasavi Adhesive Tapes Ltd has grown into a leading manufacturer of industrial specialty self-adhesive tapes and related products. The company serves both domestic and international markets, exporting to over 32 countries including the UAE, UK, EU, Australia, and Egypt.
Its product range caters to industries such as automotive, renewable energy, specialty packaging, electronics, and construction. During the pandemic, Srivasavi developed seam sealing tape for PPE kits to support healthcare efforts.
As of March 2025, Srivasavi reported a return on capital employed (ROCE) of 23.8 percent , return on equity (ROE) of 17.9 percent , and return on assets (ROA) of 12.5 percent . The stock trades at a P/E ratio of 13.8, well below the industry average of 32.9. The company has minimal debt with a debt-to-equity ratio of 0.03, borrowings of Rs. 1.40 crore, total assets of Rs. 57.95 crore, and fixed assets worth Rs. 15.23 crore.
Written by – Manan Gangwar
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