Nikhil Adhesives Limited (NAL), as per its credit ratings report, is engaged in the manufacturing of industrial and consumer chemical products like emulsions, adhesives, binders, thickeners, and construction chemicals. NAL operates three manufacturing facilities—one each at Dahanu (near Mumbai), Silvassa (near Mumbai), and Dahej (Gujarat). The consolidated capacity of the three units is 120,000 MTPA. NAL caters to customers across India, with most of its customers concentrated in Maharashtra and Gujarat. It has a negligible presence in the international market; however, it exports to countries in Asia, Africa, and the Middle East. NAL markets its products under the brands—Mahacol, Formisol, Formi-Stik, Emdilith, Rhino, Mahaseal, Mahatight, Mahabond and MAF bond. The company is also engaged in the trading of chemicals. NAL is an ISO 9001:2015 certified company.