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Pidilite Industries Ltd (PIDILITIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500331 NSE: PIDILITIND Chemicals | Large Cap | Pidilite Inds. Share Price

₹1,570.35 -49.75 (-3.07%)

As on 08-Jul'26 16:59

Pidilite Industries Ltd (PIDILITIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500331 NSE: PIDILITIND Chemicals | Large Cap | Pidilite Inds. Share Price

₹1,570.35 -49.75 (-3.07%)

As on 08-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,59,826 Cr.
Current Price
₹1,570.4
52-Week Low / High
₹1,259 / 1,626
TTM EPS
₹24.1
TTM Sales
₹14,601 Cr.
Book Value per Share
₹105
P/E Ratio
65.26
Lower than its 5-year historical median
Industry PE
51.4
Price to Book (P/B)
14.96
Lower than its 5-year historical median
Price to Sales (P/S)
10.95
In line with its 5-year historical median
EV/EBITDA
42.17
Lower than its 5-year historical median
Dividend Yield
1.37%
Profitability Efficiency
Return on Equity (ROE)
24.29%
In line with industry median
Return on Capital Employed (ROCE)
32.38%
In line with industry median
Return on Assets (ROA)
16.82%
Operating Profit Margin
24.2%
Net Profit Margin
16.92%
Gross Profit Margin
25.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.81%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
17.87%
Asset Quality
Promoter Holding
69.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10,580 Cr.
Equity
₹101.8 Cr.
Face Value
₹1
All Time Low / High
₹1.52 / 1707.20

Pidilite Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Pidilite Industries Ltd a good quality company?
Pidilite Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Pidilite Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pidilite Industries Ltd vs industry peers?
Pidilite Industries Ltd revenue CAGR is 12.49%, compared to the industry median CAGR of 18.32%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Pidilite Industries Ltd?
Promoters hold 69.32% of the Pidilite Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Pidilite Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.2% based on the current price.

DeciZen - make an informed investing decision on Pidilite Inds.

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pidilite Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 40.2%37.8%34.4%33.8%29.9%26.5%25.2%30.6%31.2%32.4%-
Value Creation
Index
2.62.42.12.01.71.41.21.71.81.9-

Growth Parameters

Sales 5,6176,0787,0787,2947,2939,92111,79912,38313,14014,60114,601
Sales YoY Gr.-8.2%16.4%3.1%-0%36%18.9%5%6.1%11.1%-
Adj EPS 8.59.59.21111.112.112.717.520.624.324.1
YoY Gr.-11.7%-3%19.9%1.3%8.5%5.6%37.4%17.9%17.6%-
BVPS (₹) 33.735.140.743.754.862.770.582.695104.9105
Adj Net
Profit
8679609311,1171,1321,2271,2961,7802,0982,4692,449
Cash Flow from Ops. 7947968451,2801,3929551,5582,7242,2872,828-
Debt/CF from Ops. 0.10.20.10.10.20.30.10.10.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.2%14.9%7.4%11.1%
Adj EPS 12.4%16.9%24%17.6%
BVPS13.4%13.9%14.2%10.5%
Share Price 15.7% 6.6% 6.3% 3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
28.427.324.12622.520.51922.823.12422.9
Op. Profit
Mgn %
22.622.119.521.723.218.917.1222324.224.1
Net Profit
Mgn %
15.515.913.215.415.512.411.114.516.117.116.8
Debt to
Equity
000000.100000
Working Cap
Days
102118121126143127120113111111100
Cash Conv.
Cycle
5156586061586051454356

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5,6176,0787,0787,2947,2939,92111,79912,38313,14014,601
Operating Expenses + 4,3574,7375,7105,7185,6128,0749,8159,67610,12811,082
Manufacturing Costs4214845475956758329121,0351,2311,347
Material Costs2,6402,8883,5873,4033,3775,4446,7595,9945,9966,489
Employee Cost 6457128379279811,1121,2461,4651,7421,941
Other Costs 6526537407945806858981,1811,1591,304
Operating Profit 1,2601,3411,3681,5761,6811,8471,9842,7073,0133,519
Operating Profit Margin (%) 22.4%22.1%19.3%21.6%23.0%18.6%16.8%21.9%22.9%24.1%
Other Income + 112148147149793650140247266
Exceptional Items 00-18-55-400-72-25-14
Interest 14162634374248515054
Depreciation 115120133170201240270341358395
Profit Before Tax 1,2481,3591,3421,4701,5221,6141,7232,3792,8233,320
Tax 385393413348396407434632727849
Profit After Tax 8639669281,1221,1261,2071,2891,7472,0962,471
PAT Margin (%) 15.4%15.9%13.1%15.4%15.4%12.2%10.9%14.1%16.0%16.9%
Adjusted EPS (₹)8.49.59.111.011.111.912.517.020.424.1
Dividend Payout Ratio (%)28.30%31.70%35.70%31.90%38.20%42.10%43.90%47.10%49%89.40%

Valuation of Pidilite Inds. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,4603,5654,1384,4455,5686,3717,1698,3979,66410,680
Share Capital 515151515151515151102
Reserves 3,4093,5144,0884,3945,5176,3207,1188,3469,61310,578
Debt +98123111169214286163131147106
Long Term Debt579251220000
Short Term Debt93115103144202284163131147106
Minority Interest127175207216240199234210203216
Trade Payables3905445816211,0071,0491,0641,1481,3901,537
Others Liabilities 6957928671,0721,7861,5891,8762,1902,5792,860
Total Liabilities 4,7705,1995,9046,5238,8149,49410,50512,07613,98415,399

Fixed Assets

Net Fixed Assets +1,2751,3421,4481,8074,4184,7034,9145,4515,7055,774
Gross Block2,1662,3402,5373,0575,8346,3016,7387,4277,9588,373
Accumulated Depreciation8919981,0891,2501,4161,5971,8241,9772,2532,599
CWIP 148228242259294225406148129329
Investments 1,4431,2461,5481,1865164598812,2353,5514,350
Inventories7218049349291,2341,6951,8171,4151,6851,738
Trade Receivables7699381,0561,0891,3211,4311,5351,6751,8112,181
Cash Equivalents 100164190703451355327533336299
Others Assets 315477485549579626625619766729
Total Assets 4,7705,1995,9046,5238,8149,49410,50512,07613,98415,399

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 7947968451,2801,3929551,5582,7242,2872,828
PBT 1,2481,3591,3421,4701,5221,6141,7232,3792,8233,320
Adjustment 594392146214314325419397421
Changes in Working Capital -140-177-1795727-510-79574-201-51
Tax Paid -373-428-409-393-371-462-412-648-733-862
Cash Flow From Investing Activity + -87939-513103-1,688-558-899-1,769-1,542-1,224
Capex -122-176-254-444-352-374-498-553-448-589
Net Investments -663295-27952370272-407-1,222-1,090-654
Others -93-801924-2,038-25765-419
Cash Flow From Financing Activity + 41-790-361-849-76-468-656-742-918-1,673
Net Proceeds from Shares 8124293-2900021
Net Proceeds from Borrowing -14122-11-18-3000
Interest Paid -14-16-17-25-29-33-48-37-34-54
Dividend Paid -32-293-363-825-1-432-508-560-813-1,526
Others 6-509-10-23-615-97-146-72-93
Net Cash Flow -4546-29533-372-712212-173-68

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)28.3327.524.126.1522.520.2219.0422.4523.2124.29
ROCE (%)40.1637.8234.3733.8129.8626.4825.1830.5531.1632.38
Asset Turnover Ratio1.431.251.271.170.951.081.181.11.010.99
PAT to CFO Conversion(x)0.920.820.911.141.240.791.211.561.091.14
Working Capital Days
Receivable Days44.3050.1051.4053.7060.3050.6045.9047.3048.4049.90
Inventory Days40.6044.8044.8046.6054.1053.9054.3047.6043.1042.80
Payable Days52.805957.2064.508868.9057.1067.3077.2082.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pidilite Industries Ltd FAQs

The current trading price of Pidilite Inds. on 08-Jul-2026 16:59 is ₹1,570.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Jul-2026 the market cap of Pidilite Inds. stood at ₹1,59,826.3 Cr

The latest P/E ratio of Pidilite Inds. as of 07-Jul-2026 is 67.03.

The latest P/B ratio of Pidilite Inds. as of 07-Jul-2026 is 15.20.

The 52-week high of Pidilite Inds. is ₹1,625.5 and the 52-week low is ₹1,259.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pidilite Inds. is ₹13,488 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pidilite Industries Ltd is a good quality company.

The key valuation ratios of Pidilite Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Pidilite Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Pidilite Industries Ltd

PidiliteIndustriesLimited is a consumer centric company committed to quality and innovation. For decades, the company has been pioneering products for small to large applications, at home and industry, which have forged strong bonds with people from all walks of life. Since its inception in 1959, Pidilite Industries Limited has been a pioneer in consumer and specialities chemicals in India.

From adhesives, sealants, waterproofing solutions and construction chemicals to arts & crafts, industrial resins, polymers and more, its product portfolio is as diverse as it is ever-evolving. Today, its brands are trusted household and industrial names, and it is the market leader in adhesives. A robust and growing network makes its products accessible across demographics and geographies.

Business area of the company

Pidilite Industries is a well-known name in the adhesives market.

Brands of the company

  • Fevicol
  • Fevicol MR
  • Dr. Fixit
  • Fevikwik
  • M-Seal
  • Fevistik
  • Fevicryl
  • Hobby Ideas

Industrial Products

  • Textile and Paper Chemicals
  • Industrial Resins
  • Leather Chemicals
  • Industrial Adhesives
  • Footwear Adhesives
  • Organic Pigment Powders and Pigment Preparation
  • Industrial Bonding Solutions
  • Maintenance, Repair and Overhaul Solutions

Awards

  • India Business Leader Awards (IBLA) - Fevicol 60-year commemorative campaign was conferred with the ‘Brand Campaign of the Year’ award at the CNBC-TV18 India Business Leader Awards (IBLA) 2020. It also won the Marketing Campaign of the Year at the ABP Awards and Corporate Image Gold at the Primetime Awards.
  • EFFIES-Fevikwik ‘Phenko Nahi Jodo’ campaign was recognized across platforms, bagging 2 Silver and 1 Bronze medal in EFFIES 2020. It also won the Marketing Campaign of the Year in ABP 2019 and Primetime Gold Award in the Best Television Advertisement category.
  • DOD (Drivers of Digital) Awards Sammie's (Social Samosa) Awards-Fevicryl and its digital agency partner, Schbang won two awards for the Best Digita Campaign for Kalastar, a 360 degree take to help enthusiasts understand fabric colours better. The response was overwhelming, with 16,278 entries into the contest.

Milestones

1959: The Birth of Fevicol

  • Everything great starts small and Pidilite is no exception. The company started with a single factory that manufactured only one product, Fevicol. This white synthetic resin adhesive was primarily launched to make the lives of carpenters and woodworkers easy. Up until then, animal fat, which was clumsy and cumbersome, was the only glue available.

1963: Commissioning of manufacturing plant

  • Barely four years after starting the company, the first modern manufacturing plant was established in Kondivita Village, Mumbai. Today, this building houses the Corporate Head Office.

1990: Establishing Brand Pidilite

  • The name, Pidilite Industries Private Limited, was incorporated, thus taking the first step towards brand recognition.

1993: Pidilite goes public

  • Pidilite was listed on the Bombay Stock Exchange.

1997: Fevicol makes it to the Top 15

  • Fevicol continues to win hearts, and market share, and is ranked amongst the Top 15 Indian brands by FE Brandwagon Year Book 1997.

2000: M-Seal is acquired. A new division is set up.

  • M-seal, a leading brand of epoxy compounds was acquired. This laid the foundation for a new division, the company’s Maintenance Division.

2001: Dr. Fixit - The Waterproofing Expert

  • Pidilite launched Dr. Fixit, an extensive range of Construction Chemicals, thus diversifying its product range. Dr. Fixit was specially developed as a waterproofing solution to be used in new constructions, or in the repair of old ones.

2002: Truly A Winner - Fevicol Wins At Cannes.

  • The famous Fevicol 'Bus ad' not only won the hearts of the Indian people but also the world, going ahead to win the Silver Lion award at Cannes Lions International Festival of Creativity 2002.

2004: Hits the Rs1000 crore turnover mark

  • Just over 4 decades after its launch, Pidilite declared a turnover of Rs.1000 crores. The company had grown 1000 times in just 45 years.

2006: Expanding the global footprint

  • Pidilite USA Inc., acquired businesses and assets of Sargent Art Inc., makers of art materials which had been selling world-class art materials in USA for over 50 years.
  • Pidilite acquired Tristar Colman, now known as Colstar, a market leader in brushes, canvases and colours.
  • Pidilite established its Singapore R&D centre to attract international talent and expand its product innovation strategies.

2016: Another year, another award

  • Pidilite Industries received the 'Most Promising Company of the Year Award' at the CNBC-TV18, 11th Indian Business Leader Awards (IBLA). The award is a tribute and testimony to the diligence of Pidilitians all over.

2020: Pidilite Industries incorporates Joint Venture Company

  • Pidilite Industries has incorporated a Joint Venture Company in the name of ‘Pidilite Grupo Puma Manufacturing’ (PGPML) on January 13, 2020 to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction etc.
  • Nina Percept (NPPL), subsidiary of Pidilite Industries along with Pidilite Speciality Chemicals (PSCB), step-down subsidiary of the company, has incorporated a company in Bangladesh namely ‘Nina Percept (Bangladesh)’.
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