PIDILITIND

Pidilite Industries Share PricePidilite Industries

₹2488.05
-16.05 (-0.64%)
  • Advice
  • Hold
As on 28 November, 2023 | 22:32 BSE: 500331 NSE: PIDILITINDISIN: INE318A01026

Pidilite Industries Performance

Day Range

  • Low 2481.75
  • High 2514.3
2488.05

52 Week Range

  • Low 2250.05
  • High 2796
2488.05
  • Open Price2491
  • Previous Close2495.45
  • Volume229294

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Pidilite Industries Share Price

  • Over 1 Month 7.39%
  • Over 3 Month -1.04%
  • Over 6 Month -3.79%
  • Over 1 Year -7.59%

Pidilite Industries Key Statistics

P/E Ratio 84
PEG Ratio 5.3
Market Cap Cr 126,538
Price to Book Ratio 17
EPS 24.7
Dividend 0.4
Relative Strength Index 55.27
Money Flow Index 66.65
MACD Signal 13.02
Average True Range 40.54

Pidilite Industries Investment Rating

  • Master Rating:
  • Pidilite Industries(Nse) has an operating revenue of Rs. 12,037.99 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 15% is great, ROE of 17% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its key moving averages, around 2% and 0% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 14% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 84 which is a GOOD score indicating consistency in earnings, a RS Rating of 22 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 148 indicates it belongs to a poor industry group of Chemicals-Specialty and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Pidilite Industries Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 2,7802,9642,3822,7102,7152,7902,084
Operating Expenses Qtr Cr 2,1382,2921,9462,2422,2512,3031,742
Operating Profit Qtr Cr 643671436468464487342
Depreciation Qtr Cr 62626157535046
Interest Qtr Cr 77710745
Tax Qtr Cr 154163981079611079
Net Profit Qtr Cr 455468291296337333318
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 10,6608,571
Operating Expenses Annual Cr 8,7426,742
Operating Profit Annual in Cr 1,8551,599
Depreciation Cr 222175
Interest Annual Cr 2926
Tax Annual Cr 411359
Net Profit Annual Cr 1,2571,269
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,432766
Cash from Investing Activity Annual Cr -754-326
Cash from Financing Annual Activity Cr -673-433
Net Cash Flow Annual Cr 67
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7,1086,417
Fixed Assets Annual Cr 4,7881,940
Total Non Current Assets Annual Cr 6,0185,429
Total Current Assets Annual Cr 3,6622,995
Total Assets Annual Cr 9,6808,424
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 140126
ROE Annual % 1820
ROCE Annual % 2225
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1822
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 3,0763,2752,6892,9983,0113,1012,507
Operating Expenses Qtr Cr 2,3962,5682,2302,5022,5112,5722,106
Operating Profit Qtr Cr 680707459496500529401
Depreciation Qtr Cr 75737669646162
Interest Qtr Cr 131212151299
Tax Qtr Cr 16317010711110111692
Net Profit Qtr Cr 450468283304332354254
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 11,8499,957
Operating Expenses Annual Cr 9,8158,074
Operating Profit Annual in Cr 1,9841,847
Depreciation Cr 270240
Interest Annual Cr 4842
Tax Annual Cr 434407
Net Profit Annual Cr 1,2731,208
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,558955
Cash from Investing Activity Annual Cr -899-558
Cash from Financing Annual Activity Cr -656-468
Net Cash Flow Annual Cr 2-71
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7,2126,404
Fixed Assets Annual Cr 4,0303,642
Total Non Current Assets Annual Cr 5,9645,500
Total Current Assets Annual Cr 4,5624,016
Total Assets Annual Cr 10,5259,516
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 146130
ROE Annual % 1819
ROCE Annual % 2223
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1719

Pidilite Industries Technicals

EMA & SMA

Current Price
₹2488.05
-16.05 (-0.64%)
pointer
  • Bullish Moving Average
  • ___
  • 11
  • Bearish Moving Average
  • ___
  • 5
  • 20 Day
  • ₹2464.47
  • 50 Day
  • ₹2461.78
  • 100 Day
  • ₹2482.18
  • 200 Day
  • ₹2492.54
  • 20 Day
  • ₹2462.57
  • 50 Day
  • ₹2444.99
  • 100 Day
  • ₹2508.71
  • 200 Day
  • ₹2480.42

Pidilite Industries Resistance and Support

PIVOT
₹2494.7
Resistance
First Resistance ₹2507.65
Second Resistance ₹2527.25
Third Resistance ₹2540.2
RSI 55.27
MFI 66.66
MACD Single Line 13.02
MACD 19.18
Support
First Resistance ₹2475.1
Second Resistance ₹2462.15
Third Resistance ₹2442.56

Pidilite Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 232,790 14,409,701 61.9
Week 224,783 12,956,478 57.64
1 Month 413,320 17,801,701 43.07
6 Month 382,126 21,643,595 56.64

Pidilite Industries Result Highlights

Pidilite Industries Synopsis

NSE-Chemicals-Specialty

Pidilite Inds. is involved in the business activities of Manufacture of gelatine and its derivatives, resinoids, glues, prepared adhesives, including rubber-based glues and adhesives. Company’s Total Operating Revenue is Rs. 10597.07 Cr. and Equity Capital is Rs. 50.83 Cr. for the Year ended 31/03/2023. Pidilite Industries Ltd. is a Public Limited Listed company incorporated on 28/07/1969 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1969PLC014336 and registration number is 014336.
Market Cap 126,586
Sales 10,836
Shares in Float 15.26
No of funds 738
Yield 0.44
Book Value 17.91
U/D Vol ratio 0.8
LTDebt / Equity
Alpha -0.04
Beta 0.64

Pidilite Industries

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 69.86%69.92%69.94%69.94%
Mutual Funds 3.57%3.88%4.21%4.08%
Insurance Companies 4.19%3.79%3.95%3.75%
Foreign Portfolio Investors 11.44%11.34%10.61%11.08%
Financial Institutions/ Banks 0.05%0.05%0.06%0.06%
Individual Investors 9.17%9.22%9.41%9.28%
Others 1.72%1.8%1.82%1.81%

Pidilite Industries Management

Name Designation
Mr. M B Parekh Executive Chairman
Mr. A B Parekh Executive Vice Chairman
Mr. A N Parekh Executive Vice Chairman
Mr. Bharat Puri Managing Director
Mr. Sudhanshu Vats Deputy Managing Director
Mr. Sandeep Batra Director - Finance & CFO
Mr. Joseph Varghese Director - Operations
Mr. N K Parekh Non Executive Director
Mr. B S Mehta Independent Director
Mr. Meher Pudumjee Independent Director
Mr. Rajeev Vasudeva Independent Director
Mr. Sanjeev Aga Independent Director
Mr. Uday Khanna Independent Director
Mrs. Meera Shankar Independent Director
Mr. Vinod Dasari Independent Director
Mr. Piyush Pandey Independent Director

Pidilite Industries Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Pidilite Industries Corporate Action

Date Purpose Remarks
2023-11-08 Quarterly Results
2023-08-10 Quarterly Results
2023-05-08 Audited Results
2023-01-24 Quarterly Results
2022-11-09 Quarterly Results
Date Purpose Remarks
2023-07-27 FINAL Rs.11.00 per share(1100%)Final Dividend
2022-07-27 FINAL Rs.10.00 per share(1000%)Dividend
2021-07-28 FINAL Rs.8.50 per share(850%)Final Dividend

Pidilite Industries MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 63981
Axis Long Term Equity Fund Growth 31136
Axis Bluechip Fund Growth 30734
Kotak Equity Arbitrage Fund Growth 28958
UTI Flexi Cap Fund Regular Plan Growth 24370

About Pidilite Industries

Pidilite Industries Ltd. is a top manufacturer of adhesives and a wide range of industrial and automotive speciality chemicals, the company is based in Mumbai. The Company's products are used by various industries. Their products include adhesives & sealants, water-based coatings and household cleaners. 

Pidilite Industries operates through two business segments: Automotive Products and Industrial Products. It has manufacturing facilities at Mahad (Maharashtra), Vapi (Gujarat), and Baddi (Himachal Pradesh). The company was incorporated in 1969 as a private limited company under the name of Pidilite India Limited. In 1993, the company name changed to Pidilite Industries Limited when it went public.

Business Verticals

Pidilite Industries has a range of business divisions and operations. The company’s flagship division is its automotive products division, which manufactures and sells paints, coatings, adhesives, sealants, automotive chemicals, windshield washer fluids, etc. The other major division is its industrial products division which produces various industrial products including roofing coatings for cement tiles & slates, paint removers, rust converters, marine anti-fouling paints, marine anti-corrosion chemicals & equipment etc.

Company History

In 1973, Pidilite was the first company in India to begin producing violet pigment. The company's consumer product division was established in 1984, and the company entered the Fevicryl acrylic colors transform fabric and multi-surface painting market in 1989.

Pidilite Industries' Board of Directors approved an investment in equity shares of Nina Waterproofing Systems Private Limited at its meeting on March 30, 2015. The company's proposed shareholding in Nina was 70%, making Nina a subsidiary of the company. NINA is regarded as one of India's leading waterproofing solution contractors.

In 2020, an agreement was also approved with Huntsman Group (USA) to acquire a 100 per cent stake in Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for approximately Rs. 2100 Crore in cash.

Milestones

1959 - Balvant Kalyanji Parekh founded the company.

1992 - Madhukar B. Parekh becomes Chairman and M.D.

1993 - Listed on the NSE; net worth INR 60 crores.

2010 - Sales more than doubled to Rs 3,442 crore, and net profit more than tripled to Rs 460 crore.

2014 - Pidilite received the Dun & Bradstreet Corporate Award 2014 in the chemical sector.

2015 - Bharat Puri assumed the role of Managing Director. 

M B Parekh, Executive Chairman of PIL, was named EY Entrepreneur of the Year in the category of Consumer Products.

2016 - Awarded 'Most Promising Company of the Year' at CNBC-TV18 IBLA 2016 by India's Finance and Law Ministers.

Pidilite Industries FAQs

What is Share Price of Pidilite Industries ?

Pidilite Industries share price is ₹2488 As on 28 November, 2023 | 22:18

What is the Market Cap of Pidilite Industries ?

The Market Cap of Pidilite Industries is ₹126537.7 Cr As on 28 November, 2023 | 22:18

What is the P/E ratio of Pidilite Industries ?

The P/E ratio of Pidilite Industries is 84 As on 28 November, 2023 | 22:18

What is the PB ratio of Pidilite Industries ?

The PB ratio of Pidilite Industries is 17 As on 28 November, 2023 | 22:18

What were the company's most recent reported sales and net income?

Pidilite Industries Ltd recorded net sales of INR 9921 crores in the year ending March 2022.

What is the future of the company's shares?

Pidilite Industries Ltd stock is an excellent long-term (1-year) investment because the stock is on the verge of breaking out of a sideways consolidation phase, indicating bullishness.

How to buy shares of Pidilite Industries Ltd.?

The company's shares can be bought online or offline by opening a Demat account with 5Paisa and verifying the KYC documents.

Q2FY23