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Pidilite Inds. Overview

Pidilite Industries Limited, which is engaged in consumer and commercial specialty chemicals. The Company operates thru 2 segments: Consumer & Bazaar (C&B) and Business to Business (B2B). C&B section is engaged within the sale of products particularly to end users, which are retail users, such as carpenters, painters, plumbers, mechanics, households, college students, places of work and other. Its sales include especially adhesives, sealants, artwork and craft substances and production and paint chemical substances. B2B segment is engaged in th...Read More

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Pidilite Inds. Key Financials

Market Cap ₹141817 Cr.

Stock P/E 67.7

P/B 13.9

Current Price ₹1393.4

Book Value ₹ 100

Face Value 1

52W High ₹1575

Dividend Yield 0.72%

52W Low ₹ 1259.5

Pidilite Inds. Share Price

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Volume
Price

Pidilite Inds. Quarterly Price

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Pidilite Inds. Peer Comparison

Pidilite Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3076 3130 2902 3395 3235 3369 3141 3753 3554 3710
Other Income 32 37 49 54 57 56 80 86 50 66
Total Income 3108 3167 2951 3449 3292 3425 3222 3839 3605 3775
Total Expenditure 2396 2388 2325 2583 2466 2571 2509 2812 2704 2815
Operating Profit 711 779 626 867 826 854 713 1027 901 960
Interest 13 13 13 12 12 12 14 14 13 13
Depreciation 75 79 113 84 88 90 97 97 100 101
Exceptional Income / Expenses 0 0 -72 0 0 0 -25 0 0 -6
Profit Before Tax 623 687 428 770 726 752 577 916 788 840
Provision for Tax 163 177 122 198 185 195 149 238 203 216
Profit After Tax 460 511 306 572 542 558 428 678 585 624
Adjustments -10 -0 -6 -5 -7 -5 -6 -5 -6 -6
Profit After Adjustments 450 510 301 567 535 552 422 672 579 618
Adjusted Earnings Per Share 4.4 5 3 5.6 5.3 5.4 4.2 6.6 5.7 6.1

Pidilite Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4844 5361 5617 6078 7078 7294 7293 9921 11799 12383 13140 14158
Other Income 45 78 112 148 147 149 79 36 50 140 247 282
Total Income 4890 5439 5729 6227 7225 7444 7372 9957 11849 12523 13388 14441
Total Expenditure 4073 4188 4357 4737 5710 5718 5612 8074 9815 9676 10128 10840
Operating Profit 816 1251 1372 1490 1515 1725 1760 1884 2034 2847 3260 3601
Interest 16 13 14 16 26 34 37 42 48 51 50 54
Depreciation 118 100 115 120 133 170 201 240 270 341 358 395
Exceptional Income / Expenses -5 0 0 0 -18 -55 -4 0 0 -72 -25 -31
Profit Before Tax 678 1141 1248 1359 1342 1470 1522 1614 1723 2379 2823 3121
Provision for Tax 169 334 385 393 413 348 396 407 434 632 727 806
Profit After Tax 509 807 863 966 928 1122 1126 1207 1289 1747 2096 2315
Adjustments 4 -4 -3 -4 -3 -6 5 1 -16 -18 -20 -23
Profit After Adjustments 513 803 860 962 925 1116 1131 1208 1273 1729 2076 2291
Adjusted Earnings Per Share 5 7.8 8.4 9.5 9.1 11 11.1 11.9 12.5 17 20.4 22.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 10% 12% 10%
Operating Profit CAGR 15% 20% 14% 15%
PAT CAGR 20% 20% 13% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 6% 9% 16%
ROE Average 23% 22% 21% 25%
ROCE Average 31% 29% 29% 33%

Pidilite Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2271 2638 3471 3574 4148 4456 5593 6404 7212 8407 9754
Minority's Interest 5 43 127 175 207 216 240 199 234 210 203
Borrowings 1 6 5 7 9 25 12 2 0 0 0
Other Non-Current Liabilities 80 112 145 234 239 212 534 565 648 661 736
Total Current Liabilities 959 915 1022 1208 1301 1615 2435 2325 2411 2798 3290
Total Liabilities 3315 3714 4770 5199 5904 6523 8814 9494 10505 12076 13984
Fixed Assets 978 1137 1275 1342 1448 1807 4418 4703 4914 5451 5705
Other Non-Current Assets 666 425 361 548 874 955 881 775 1029 789 816
Total Current Assets 1671 2151 3134 3309 3582 3761 3515 4016 4562 5833 7462
Total Assets 3315 3714 4770 5199 5904 6523 8814 9494 10505 12076 13984

Pidilite Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 118 56 100 55 102 73 606 327 256 258 459
Cash Flow from Operating Activities 552 907 794 796 845 1280 1392 955 1558 2724 2287
Cash Flow from Investing Activities -436 -491 -879 39 -513 103 -1688 -558 -899 -1769 -1542
Cash Flow from Financing Activities -165 -371 41 -790 -361 -849 -76 -468 -656 -742 -918
Net Cash Inflow / Outflow -49 45 -45 46 -29 533 -372 -71 2 212 -173
Closing Cash & Cash Equivalent 69 101 56 102 73 606 327 256 258 459 287

Pidilite Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5 7.83 8.39 9.48 9.1 10.99 11.13 11.88 12.52 17 20.41
CEPS(Rs) 6.11 8.85 9.54 10.69 10.44 12.71 13.05 14.23 15.33 20.53 24.13
DPS(Rs) 1.45 2.08 2.38 3 3.25 3.5 4.25 5 5.5 8 10
Book NAV/Share(Rs) 22.14 25.69 33.74 35.1 40.73 43.74 54.78 62.67 70.52 82.55 95
Core EBITDA Margin(%) 15.02 20.58 20.78 21.57 19.33 21.61 23.05 18.62 16.82 21.86 22.93
EBIT Margin(%) 13.51 20.24 20.82 22.1 19.32 20.61 21.39 16.69 15.01 19.63 21.86
Pre Tax Margin(%) 13.21 20.01 20.59 21.85 18.95 20.15 20.88 16.27 14.6 19.21 21.48
PAT Margin (%) 9.91 14.16 14.24 15.54 13.12 15.38 15.44 12.16 10.92 14.11 15.95
Cash Profit Margin (%) 12.2 15.92 16.14 17.46 14.99 17.71 18.19 14.58 13.21 16.86 18.68
ROA(%) 16.29 22.97 20.35 19.38 16.72 18.06 14.69 13.18 12.89 15.48 16.09
ROE(%) 24.09 32.92 28.33 27.5 24.1 26.15 22.5 20.22 19.04 22.45 23.21
ROCE(%) 32.05 45.73 40.16 37.82 34.37 33.81 29.86 26.48 25.18 30.55 31.16
Receivable days 39.48 41.22 44.26 50.09 51.42 53.65 60.3 50.62 45.87 47.31 48.41
Inventory Days 44.11 40.6 40.59 44.76 44.83 46.63 54.14 53.88 54.32 47.63 43.05
Payable days 46.46 49.84 52.84 59.04 57.22 64.45 87.98 68.92 57.05 67.32 77.23
PER(x) 60.1 37.79 41.66 48.47 68.24 61.74 81.31 103.35 93.97 88.66 69.8
Price/Book(x) 13.57 11.52 10.36 13.08 15.25 15.51 16.52 19.59 16.69 18.26 15
Dividend Yield(%) 0.48 0.7 0.68 0.65 0.52 0.52 0.47 0.41 0.47 0.53 0.7
EV/Net Sales(x) 6.36 5.65 6.38 7.67 8.91 9.38 12.58 12.57 10.13 12.35 11.01
EV/Core EBITDA(x) 37.72 24.2 26.11 31.28 41.61 39.64 52.13 66.22 58.74 53.72 44.4
Net Sales Growth(%) 13.1 10.67 4.77 8.22 16.44 3.06 -0.02 36.04 18.93 4.95 6.12
EBIT Growth(%) 10.33 66.39 9.37 8.88 -0.48 9.92 3.75 6.16 6.95 37.25 18.21
PAT Growth(%) 13.75 58.74 6.94 11.92 -3.9 20.86 0.36 7.16 6.8 35.58 19.96
EPS Growth(%) 13.95 56.62 7.12 12.98 -3.93 20.68 1.3 6.73 5.44 35.74 20.06
Debt/Equity(x) 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.05 0.02 0.02 0.02
Current Ratio(x) 1.74 2.35 3.07 2.74 2.75 2.33 1.44 1.73 1.89 2.09 2.27
Quick Ratio(x) 1.07 1.67 2.36 2.07 2.04 1.75 0.94 1 1.14 1.58 1.76
Interest Cover(x) 44.34 86.97 90.61 88.44 52.46 44.74 41.89 39.35 37.17 47.48 57.06
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Pidilite Inds. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 69.86 69.84 69.77 69.75 69.6 69.6 69.5 69.36 69.33 69.33
FII 11.44 11.49 11.31 11.58 11.96 11.79 11.6 12.13 12.09 12
DII 8.01 8.31 8.93 8.97 8.9 9.15 9.42 9.15 9.15 9.25
Public 10.69 10.35 9.99 9.7 9.54 9.47 9.48 9.36 9.44 9.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pidilite Inds. News

Pidilite Inds. Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 67.32 to 77.23days.
  • Stock is trading at 13.9 times its book value.
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