PIDILITIND

Pidilite Industries Share Price

₹3,131.45
+ 21.25 (0.68%)
  • Advice
  • Hold
14 October, 2024 23:59 BSE: 500331 NSE: PIDILITIND ISIN: INE318A01026

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Pidilite Industries Performance

Day Range

  • Low 3,100
  • High 3,148
₹ 3,131

52 Week Range

  • Low 2,293
  • High 3,415
₹ 3,131
  • Open Price3,133
  • Previous Close3,110
  • Volume477499

Pidilite Industries Chart

  • Over 1 Month -5.39%
  • Over 3 Month -0.51%
  • Over 6 Month + 4.88%
  • Over 1 Year + 27.29%

Pidilite Industries Key Statistics

P/E Ratio 87.1
PEG Ratio 2.7
Market Cap Cr 159,270
Price to Book Ratio 18.5
EPS 35.4
Dividend 0.5
Relative Strength Index 40.75
Money Flow Index 49.56
MACD Signal 8.08
Average True Range 69.08

Pidilite Industries Investment Rating

  • Master Rating:
  • Pidilite Industries(Nse) has an operating revenue of Rs. 12,503.23 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 19% is great, ROE of 20% 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 below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart and is trading around -5% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 70 which is a FAIR score but needs to improve its earnings, a RS Rating of 41 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 80 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 has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Pidilite Industries Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 3,1462,5892,8342,7802,9642,382
Operating Expenses Qtr Cr 2,3752,0612,1262,1382,2921,946
Operating Profit Qtr Cr 771528708643671436
Depreciation Qtr Cr 729967626261
Interest Qtr Cr 887777
Tax Qtr Cr 19111617115416398
Net Profit Qtr Cr 552354523455468291
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 11,33310,660
Operating Expenses Annual Cr 8,6178,742
Operating Profit Annual in Cr 2,5501,855
Depreciation Cr 289222
Interest Annual Cr 2929
Tax Annual Cr 604411
Net Profit Annual Cr 1,7991,257
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 2,5861,432
Cash from Investing Activity Annual Cr -1,737-754
Cash from Financing Annual Activity Cr -623-673
Net Cash Flow Annual Cr 2266
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 8,3377,108
Fixed Assets Annual Cr 5,0704,788
Total Non Current Assets Annual Cr 6,3536,018
Total Current Assets Annual Cr 5,0183,662
Total Assets Annual Cr 11,3719,680
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 164140
ROE Annual % 2218
ROCE Annual % 2722
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2418
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 3,3952,9023,1303,0763,2752,689
Operating Expenses Qtr Cr 2,5832,3252,3882,3962,5682,230
Operating Profit Qtr Cr 813577742680707459
Depreciation Qtr Cr 8411379757376
Interest Qtr Cr 121313131212
Tax Qtr Cr 198122177163170107
Net Profit Qtr Cr 567301510450468283
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 12,52311,849
Operating Expenses Annual Cr 9,6769,815
Operating Profit Annual in Cr 2,7071,984
Depreciation Cr 341270
Interest Annual Cr 5148
Tax Annual Cr 632434
Net Profit Annual Cr 1,7291,273
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 2,7241,558
Cash from Investing Activity Annual Cr -1,769-899
Cash from Financing Annual Activity Cr -742-656
Net Cash Flow Annual Cr 2122
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 8,4077,212
Fixed Assets Annual Cr 4,3174,030
Total Non Current Assets Annual Cr 6,2685,964
Total Current Assets Annual Cr 5,8364,562
Total Assets Annual Cr 12,10410,525
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 169146
ROE Annual % 2118
ROCE Annual % 2722
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2317

Pidilite Industries Technicals

EMA & SMA

Current Price
₹3,131.45
+ 21.25 (0.68%)
pointer
  • Bullish Moving Average
  • ___
  • 4
  • Bearish Moving Average
  • ___
  • 12
  • 20 Day
  • ₹3,210.69
  • 50 Day
  • ₹3,191.46
  • 100 Day
  • ₹3,127.82
  • 200 Day
  • ₹2,998.85
  • 20 Day
  • ₹3,243.39
  • 50 Day
  • ₹3,179.84
  • 100 Day
  • ₹3,144.58
  • 200 Day
  • ₹2,977.74

Pidilite Industries Resistance and Support

PIVOT
₹3,126.57
Resistance
First Resistance 3,152.83
Second Resistance 3,174.22
Third Resistance 3,200.48
RSI 40.75
MFI 49.56
MACD Single Line 8.08
MACD -16.67
Support
First Support 3,105.18
Second Support 3,078.92
Third Supoort 3,057.53

Pidilite Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 528,048 38,621,431 73.14
Week 339,060 23,208,643 68.45
1 Month 414,983 27,849,489 67.11
6 Month 421,853 24,610,910 58.34

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. 11166.97 Cr. and Equity Capital is Rs. 50.86 Cr. for the Year ended 31/03/2024. 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 158,189
Sales 11,349
Shares in Float 15.26
No of funds 810
Yield 0.51
Book Value 18.97
U/D Vol ratio 1.5
LTDebt / Equity
Alpha 0.06
Beta 0.39

Pidilite Industries Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 69.75%69.77%69.84%69.86%
Mutual Funds 3.55%3.6%3.49%3.57%
Insurance Companies 5.14%5.07%4.56%4.19%
Foreign Portfolio Investors 11.59%11.31%11.49%11.44%
Financial Institutions/ Banks 0.06%0.05%
Individual Investors 8.3%8.54%8.86%9.17%
Others 1.67%1.71%1.7%1.72%

Pidilite Industries Management

Name Designation
Mr. M B Parekh Executive Chairman
Mr. A N Parekh Executive Vice Chairman
Mr. A B Parekh Non Executive Chairman
Mr. Bharat Puri Managing Director
Mr. Sudhanshu Vats Managing Director
Mr. Kavinder Singh Joint Managing Director
Mr. Sandeep Batra Executive Director (Finance) & CFO
Mr. Joseph Varghese Director - Operations
Mr. Meher Pudumjee Independent Director
Mr. Rajeev Vasudeva Independent Director
Mr. Sanjeev Aga Independent Director
Mrs. Meera Shankar Independent Director
Mr. Vinod Dasari Independent Director
Mr. Piyush Pandey Independent Director
Mr. Murali Sivaraman Independent Director
Mr. Rajeev Gupta Independent Director
Mr. J S Deepak 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
2024-10-23 Quarterly Results
2024-08-07 Quarterly Results
2024-05-07 Audited Results
2024-01-23 Quarterly Results
2023-11-08 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

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% stake in Huntsman Advanced Materials Solutions Private Limited (HAMSPL) for approximately ₹2,100 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 ₹60 crores.

2010 - Sales more than doubled to ₹3,442 crore, and net profit more than tripled to ₹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 ₹3,131 As on 14 October, 2024 | 23:45

What is the Market Cap of Pidilite Industries ?

The Market Cap of Pidilite Industries is ₹159269.8 Cr As on 14 October, 2024 | 23:45

What is the P/E ratio of Pidilite Industries ?

The P/E ratio of Pidilite Industries is 87.1 As on 14 October, 2024 | 23:45

What is the PB ratio of Pidilite Industries ?

The PB ratio of Pidilite Industries is 18.5 As on 14 October, 2024 | 23:45

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.

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Q2FY23