loader2
Partner With Us NRI

PIDILITE INDUSTRIES SHARE PRICE TODAY

Company details

2,978.05
3,034.70
2,292.55
3,118.00
6M Return 21.41%
1Y Return 17.12%
Mkt Cap.(Cr) 151,918.97
Volume 273,543
Div Yield 0.53%
OI
-
OI Chg %
-
Volume 273,543

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Lower volume offtake hits overall performance…
About The Stock

    Pidilite is a market leader in the adhesive and sealants business.

    • The company’s consumer & bazaar (C&B) segment (adhesives & sealants, construction & paint chemical, art & craft materials) contributes 80% to topline while the B2B segment (industrial adhesive, resins and pigments) contributes ~20% to topline
    • Has 4898+ distributors, strong balance sheet (RoE, 19%, RoCE, 22%)
Q3FY23 Results

    Lower demand and use of high cost inventories dragged overall Q3 performance.

    • Consolidated revenue marginally up by 5% YoY to ~₹ 2998 crore due to lower rural demand and higher base of Q3FY22 (volume: +1%)
    • Lower volume offtake and use of high cost inventories dragged gross margin down by 175 bps YoY. EBITDA margins declined 272 bps YoY to 16.5% due to lower gross margin and higher fixed costs
    • PAT declined 14% YoY to ₹ 308 crore due to lower EBITDA margin

Click here for full recommendation

Research view on more stocks

Speciality Chemicals company Pidilite Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Net sales: Rs 2,890 crore; higher by 8% over the same quarter last year.
  • EBITDA: Rs 577 crore; up by 26% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 498 crore; higher by 27% over the same quarter last year.
  • Profit After Tax (PAT): Rs 304 crore; up by 6% over the same quarter last year due to loss (shown as Exceptional Items) on divestment of the Brazil subsidiary.

Standalone:

  • Net sales: Rs 2,576 crore; grew by 9% over the same quarter last year.
  • EBITDA, before non-operating income: Rs 528 crore; up by 21% over the same quarter last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 463 crore; higher by 19% over the same quarter last year.
  • Profit After Tax (PAT): Rs 354 crore; up by 22% over the same quarter last year.

FY24 Financial Highlights:

Consolidated:

  • Net sales: Rs 12,337 crore; grew by 5% over last year.
  • EBITDA, before non-operating income: Rs 2,707 crore; grew by 36% over last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 2,451 crore; grew by 42% over last year.
  • Profit After Tax (PAT): Rs 1,747 crore; up by 36% over last year.

Standalone:

  • Net sales: Rs 11,118 crore; grew by 5% over last year.
  • EBITDA, before non-operating income: Rs 2,550 crore; grew by 37% over last year.
  • Profit before Tax and Exceptional Items (PBT): Rs 2,397 crore; grew by 44% over last year.
  • Profit After Tax (PAT): Rs 1,799 crore; up by 43% over last year.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries Ltd, said: “At Pidilite, we delivered robust double digit Underlying Volume Growth (UVG) as well as substantial improvement in profitability, both for the quarter as well as FY24.

Continued investment in our brands, growth and capability initiatives as well as moderation in input prices, contributed to this strong performance.

While there may be short term softness in the environment in near term, we continue to remain optimistic about market demand in the medium term, with overall increase in construction activities, government spending and increasing prosperity.”

Result PDF

View Other Company Results

Pidilite Industries shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 3,065.2
R2 3,116.0
R3 3,168.5
Pivot

3,012.67

S1 2,961.9
S2 2,909.4
S3 2,858.6
EMA SMA
2,958.7
2,910.1
2,823.6
2,718.5
2,955.4
2,932.9
2,807.2
2,654.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 2592.05 125447 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 2592.05 125447 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 2661.2 254509 NSE
Name Category Shares
Narendrakumar Kalyanji Parekh PROMOTER 10.67%
Madhukar Balvantray Parekh PROMOTER 10.14%
Ajay Balvantray Parekh PROMOTER 9.33%
Mrudula Sushilkumar Parekh PROMOTER 7.97%
Mala Madhukar Parekh PROMOTER 1.98%
Kalpana Apurva Parekh PROMOTER 1.29%
Darshana Bimal Mody PROMOTER 1.13%
Ami Ajay Parekh PROMOTER 1.09%
Jasna Raoul Thackersey PROMOTER 0.71%
Harish Himatlal Parekh PROMOTER 0.65%
Rashmikant Himatlal Parekh PROMOTER 0.63%
Apurva Narendrakumar Parekh PROMOTER 0.6%
Neerav A Parekh PROMOTER 0.52%
Devkalyan Sales Private Ltd PROMOTER 5.16%
Ishijas Chemicals Private Limited PROMOTER 4.91%
Harton Private Limited PROMOTER 2.43%
The Vacuum Forming Company Pvt Ltd PROMOTER 2.25%
Pidichem Pvt Ltd PROMOTER 1.73%
Prakash Shah Trustee of SANMP Private Beneficiary Trust PROMOTER 1.61%
Apurva Parekh Trustee of NKP Family Trust PROMOTER 0.79%
Ishita Rajiv Amersey PROMOTER 0.71%

OUR RESEARCH VIEW

Investment recommendation
Lower volume offtake hits overall performance…
Call Date
26 Jan 2023
Entry Price 2,315.00
Target Price -
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Pidilite Industries Stocks Comparison

Financials( in Cr) Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd Deepak Nitrite Ltd
Price 2,986.95 9,377.45 2,280.35 3,239.25 2,474.65
% Change -0.02 6.86 -0.34 0.84 2.08
Mcap Cr 151,918.97 79,974.64 67,595.27 35,583.16 33,752.49
Revenue TTM Cr 11,799.10 3,135.52 14,870.25 5,684.66 7,972.06
Net Profit TTM Cr 1,288.87 538.06 2,162.34 1,323.05 852.00
PE TTM 86.00 188.78 50.57 81.77 43.36
1 Year Return 17.12 136.82 -9.90 -1.45 28.08
ROCE 24.24 16.29 21.98 29.38 29.81
ROE 18.93 14.70 22.89 27.07 22.94
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,212.28 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33
Pidilite Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 17, 2024 l NSE Announcement

Pidilite Industries Limited - Updates

May 15, 2024 l NSE Announcement

Date Action Type Ratio
Jul 27, 2023 Dividend 1100
Jul 26, 2022 Dividend 1000

Pidilite Industries Information

Stock PE (TTM)
86
Promoter Holding
69.77%
Book Value
165.297
ROCE
24.24%
ROE
18.93%
Description
  • Pidilite Industries is an Indian company that develops and manufactures adhesives. The company, founded in 1959, owns some of the leading brands in the adhesives space, such as FeviKwik and Dr Fixit. The headquarters of Pidilite Industries is in Andheri, Mumbai, Maharashtra.

    The company also manufactures products in several other verticals, such as arts and crafts, leather chemicals, car products, etc. The company has manufacturing facilities across India in areas such as Vapi (Gujarat) and Mahad (Maharashtra).

    On 5 January 2023, the market capitalisation of the company was Rs 1,28,040.52 crore. It reported consolidated sales of Rs 8340.3 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 500331 and the National Stock Exchange with the code PIDILITIND.

    The promoters of Pidilite Industries currently hold approximately 69.94% of the company. The foreign institutional investors’ investment in the company amounts to 11.13%. Various mutual funds hold around 3.97% of the company. The total public stake in the company is approximately 11.46%. The stake of the public has grown slowly but steadily over the past year (Since September 2021).

    M B Parekh is the executive chairman of the company and a whole-time director. A B Parekh, N K Parekh, Bharat Puri, Sudhanshu Vats, and A N Parekh are some of the other directors of the company. Deloitte, Haskins, & Sells LLP are the auditors of Pidilite Industries. As of December 2022, the company had around 50.83 crore shares outstanding.

    On 5 January 2023, Pidilite Industries’ share price on NSE was Rs 2518.2 and Rs 2518.7 on BSE. The share price touched a 52-week high of Rs 2,918.95 and a 52-week low of Rs 1,988.55. Its three-month return to investors was -6.27%, while its one-year return was -4.54%.

    As of November 2022, Axis Long Term Equity Direct-G has invested Rs 1,777.59 crore in the company. Other prominent mutual funds with investments in Pidilite include Axis Focused 25 Direct-G, with an investment of Rs 1,329.82 crore, and Axis Bluechip Direct-G, with an investment of Rs 708.30 crore in the company.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

7th Floor Regent Chambers, J Bajaj Marg 208 Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-28357000
Email : investor.relations:pidilite.co.in
Website : http://www.pidilite.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500331
NSE Code : PIDILITIND
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE318A01026

PIDILITE INDUSTRIES SHARES FAQs

You can buy Pidilite Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Pidilite Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:58 PM the closing price of Pidilite Industries Ltd was Rs.2,986.95.

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 May 17, 2024 03:58 PM, the market cap of Pidilite Industries Ltd stood at Rs. 151,918.97.

The latest PE ratio of Pidilite Industries Ltd as of May 17, 2024 03:58 PM is 86.00

The latest PB ratio of Pidilite Industries Ltd as of May 17, 2024 03:58 PM is 0.06

The 52-week high of Pidilite Industries Ltd share price is Rs. 3,118.00 while the 52-week low is Rs. 2,292.55

According to analyst recommendations, Pidilite Industries Ltd Share has a "Buy" rating for the long term.

Download App

Download Our App

Play Store App Store
market app