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Pidilite Industries Ltd share Price

Company details

6M Return 5.92%
1Y Return -11.33%
Mkt Cap.(Cr) 127,739.47
Volume 279,691
Div Yield 0.44%
OI Chg %
Volume 279,691

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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 4800+ distributors, strong balance sheet (RoE, 19%, RoCE, 22%)
Q4FY22 Results

    EBITDA margin pressure continues due to delay in price hike. Lower volume offtake is attributable to supply disruption

    • Revenues were up 12% YoY to ~₹ 2851 crore led by ~15% price hike. The volume offtake was impacted by lower rural demand and supply disruption in January 2022. EBITDA margin down 461 bps YoY to 16%, led by 730 bps YoY fall in gross margin
    • PAT declined ~17% YoY to ₹ 254 crore

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Specialty Chemicals company Pidilite Industries announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Net sales at Rs 3,264 crore grew by 6% over Q1FY23.
    • EBITDA before non-operating income at Rs 707 crore grew by 34% over Q1FY23.
    • Profit before Tax and Exceptional Items at Rs 644 crore grew by 36% over Q1FY23.
    • Profit after tax at Rs 474 crore grew by 32% over Q1FY23
  • Standalone Q1FY24:
    • Net sales at Rs 2,952 crore grew by 6% over Q1FY23.
    • EBITDA before non-operating income at Rs 671 crore grew by 38% over Q1FY23.
    • Profit before Tax and Exceptional Items at Rs 630 crore grew by 42% over Q1FY23.
    • Profit after Tax at Rs 468 crore grew by 40% over Q1FY23.

Commenting on the results, Bharat Puri, Managing Director, Pidilite Industries, said, "We started the year on a strong note with our domestic consumer businesses delivering robust volume growths. B2B, exports, and international businesses continued to face sluggish demand conditions. A combination of moderating input prices and operational efficiencies saw our gross margins improve substantially. Part of this was reinvested in our brands and growth-facing initiatives.

Looking ahead, growths will largely be volume led. A good monsoon, increased construction activity, and stable input prices enable us to look at the future with increased optimism."


Result PDF

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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Pidilite Industries Ltd Stocks COMPARISION


Equity Capital: 7,212.28 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,117.66 -3,609.01
LAST 3M 37,244.98 8,192.34
LAST 6M 47,342.46 155,367.92
LAST 12M 134,407.88 155,858.29
Pidilite Industries allots 1400 equity shares under ESOP

Sep 21, 2023 l BSE Announcement

Pidilite Industries Limited - ESOP/ESOS/ESPS

Sep 21, 2023 l NSE Announcement

Pidilite Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Jul 27, 2023 Dividend 1100
Jul 26, 2022 Dividend 1000
Jul 27, 2021 Dividend 850

Pidilite Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.com
Website : http://www.pidilite.com

TSR Consultants P Ltd

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

FAQ’s on Pidilite Industries Ltd Shares

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 Sep 21, 2023 03:54 PM the closing price of Pidilite Industries Ltd was ₹ 2,512.85.

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 Sep 21, 2023 03:54 PM, the market cap of Pidilite Industries Ltd stood at ₹ 127,739.47.

The latest PE ratio of Pidilite Industries Ltd as of Sep 21, 2023 03:54 PM is 91.97

The latest PB ratio of Pidilite Industries Ltd as of Sep 21, 2023 03:54 PM is 0.06

The 52-week high of Pidilite Industries Ltd is ₹ 2,843.75 while the 52-week low is ₹ 2,250.05

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

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