PIDILITIND

PIDILITE INDUSTRIES

Large Cap BSE: 500331 NSE: PIDILITIND
₹2761.75
-10.65 (-0.38%)
  • Advice
  • Hold
As on 08 December, 2022 | 18:44

Pidilite Industries Performance

Day Range

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52 Week Range

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Pidilite Industries Share Price

Pidilite Industries Share Returns

  • Over 1 Month 5.06%
  • Over 3 Month -3.76%
  • Over 6 Month 31.46%
  • Over 1 Year 23.73%

Pidilite Industries Key Statistics

P/E Ratio 108.1
PEG Ratio -33.1
Market Cap Cr 140,382
Price to Book Ratio 21.3
EPS 25.1
Dividend 0.4
Relative Strength Index 61.7
Money Flow Index 69.78
MACD Signal 17.54
Average True Range 48.46

Pidilite Industries Investment Rating

  • Master Rating:
  • Pidilite Industries(Nse) has an operating revenue of Rs. 11,470.08 Cr. on a trailing 12-month basis. An annual revenue growth of 35% is outstanding, Pre-tax margin of 16% is great, ROE of 18% 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 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 5% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 76 which is a FAIR score but needs to improve its earnings, a RS Rating of 63 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 100 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
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 2,7152,7902,0842,4162,2131,6261,857
Operating Expenses Qtr Cr 2,2512,3031,7421,9381,7341,3271,449
Operating Profit Qtr Cr 464487342478479299408
Depreciation Qtr Cr 53504644444039
Interest Qtr Cr 7457964
Tax Qtr Cr 96110791111036699
Net Profit Qtr Cr 337333318323339289277

Pidilite Industries Technicals

EMA & SMA

Current Price
2761.75
-10.65 (-0.38%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 2714.93
  • 50 Day
  • 2686.06
  • 100 Day
  • 2626.45
  • 200 Day
  • 2524.41
  • 20 Day
  • 2707.55
  • 50 Day
  • 2676.31
  • 100 Day
  • 2658.23
  • 200 Day
  • 2470.2

Pidilite Industries Resistance and Support

PIVOT
₹2777.47
Resistance
First Resistance 2790.94
Second Resistance 2809.47
Third Resistance 2822.94
RSI 61.7
MFI 69.78
MACD Single Line 17.54
MACD 24.87
Support
First Resistance 2758.94
Second Resistance 2745.47
Third Resistance 2726.94

Pidilite Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 460,020 19,109,231 41.54
Week 363,033 17,022,599 46.89
1 Month 387,050 18,322,929 47.34
6 Month 431,554 20,175,169 46.75

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. 8340.17 Cr. and Equity Capital is Rs. 50.83 Cr. for the Year ended 31/03/2022. 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 140,219
Sales 10,006
Shares in Float 15.25
No of funds 676
Yield 0.36
Book Value 21.96
U/D Vol ratio 1.2
LTDebt / Equity
Alpha 0.08
Beta 0.81

Pidilite Industries

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 69.94%69.94%69.94%
Mutual Funds 4.04%3.97%4%
Insurance Companies 3.4%3.21%3.02%
Foreign Portfolio Investors 11.34%11.13%11.57%
Financial Institutions/ Banks 0.03%0.13%0.1%
Individual Investors 9.42%9.66%9.5%
Others 1.83%1.96%1.87%

Pidilite Industries Management

Name Designation
Mr. M B Parekh Executive Chairman
Mr. N K Parekh Vice Chairman
Mr. A B Parekh Executive Vice Chairman
Mr. Bharat Puri Managing Director
Mr. Sudhanshu Vats Deputy Managing Director
Mr. A N Parekh Whole Time Director
Mr. Debabrata Gupta Whole Time Director
Mr. Sanjeev Aga Director
Mr. Uday Khanna Director
Mrs. Meera Shankar Director
Mr. Vinod Dasari Director
Mr. Piyush Pandey Director
Mr. Rajeev Vasudeva Director
Mr. B S Mehta Director
Mr. Meher Pudumjee 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
2022-11-09 Quarterly Results
2022-08-10 Quarterly Results
2022-05-18 Audited Results & Dividend
2022-01-25 Quarterly Results
2021-11-10 Quarterly Results
Date Purpose Remarks
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)
Axis Bluechip Fund Growth 36871
Axis Long Term Equity Fund Growth 31624
UTI Flexi Cap Fund Regular Plan Growth 26133
SBI Balanced Advantage Fund Regular Growth 23785
Kotak Equity Arbitrage Fund Growth 22082

About Company

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 ₹2761 As on 08 December, 2022 | 18:30

What is the Market Cap of Pidilite Industries ?

The Market Cap of Pidilite Industries is ₹140382.4 Cr As on 08 December, 2022 | 18:30

What is the P/E ratio of Pidilite Industries ?

The P/E ratio of Pidilite Industries is 108.1 As on 08 December, 2022 | 18:30

What is the PB ratio of Pidilite Industries ?

The PB ratio of Pidilite Industries is 21.3 As on 08 December, 2022 | 18:30

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