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.
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