Pidilite Industries Limited (IN:PIDILITIND)
:PIDILITIND
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Pidilite Industries Limited
(PIDILITIND)
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Rating:74Outperform
Price Target:
₹1,653.00
▲(9.85% Upside)
Action:Upgraded
Date:05/09/26
The score is driven primarily by strong financial quality (high profitability and an exceptionally low-leverage balance sheet) and supportive technicals with the price above major moving averages. The main offset is expensive valuation (high P/E) alongside a very low dividend yield, which meaningfully constrains the overall score.
Positive Factors
Brand strength & distribution
Pidilite's dominant consumer brands and broad retail footprint drive durable pricing power and repeat purchases. High brand recall across DIY, carpentry, and hardware channels supports stable unit demand, cross-sell of product extensions, and resilient sales through retail and bazaar networks.
Negative Factors
Margin volatility
Year-to-year swings in gross and operating margins point to sensitivity to input costs, product mix, or channel shift. This variability impairs predictability of earnings and could compress long-term profitability if cost pressures persist or pricing power is tested in competitive retail and industrial markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand strength & distribution
Pidilite's dominant consumer brands and broad retail footprint drive durable pricing power and repeat purchases. High brand recall across DIY, carpentry, and hardware channels supports stable unit demand, cross-sell of product extensions, and resilient sales through retail and bazaar networks.
Read all positive factors
Pidilite Industries Limited (PIDILITIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.51T
Dividend Yield0.34%
Average Volume (3M)16.47K
Price to Earnings (P/E)56.5
Beta (1Y)0.79
Revenue Growth11.11%
EPS Growth17.90%
CountryIN
Employees7,914
SectorConsumer Defensive
Sector Strength42
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)21.88
Shares Outstanding1,017,775,300
10 Day Avg. Volume12,660
30 Day Avg. Volume16,468
Financial Highlights & Ratios
PEG Ratio2.98
Price to Book (P/B)12.07
Price to Sales (P/S)8.95
P/FCF Ratio58.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,440.00Price Target Upside-4.30% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)26.22
Revenue Forecast (FY)₹167.85B
Pidilite Industries Limited Business Overview & Revenue Model
Company Description
Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. The company operates in two segments Branded Consumer & Bazaar, and Business to Business. The Brande...
How the Company Makes Money
Pidilite makes money primarily by selling branded, value-added chemical products through a mix of consumer/bazaar and industrial channels. A large portion of revenue comes from adhesives and sealants (e.g., white glues, instant adhesives, tapes/se...
Pidilite Industries Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.18B | 146.01B | 131.40B | 123.83B | 117.99B | 99.21B |
| Gross Profit | 69.07B | 58.39B | 70.75B | 63.20B | 49.76B | 44.12B |
| EBITDA | 32.04B | 35.93B | 29.39B | 26.47B | 19.62B | 18.32B |
| Net Income | 22.26B | 24.49B | 20.76B | 17.29B | 12.73B | 12.08B |
Balance Sheet | ||||||
| Total Assets | 138.97B | 154.33B | 140.11B | 121.04B | 105.25B | 95.16B |
| Cash, Cash Equivalents and Short-Term Investments | 31.85B | 42.19B | 34.94B | 24.01B | 8.55B | 5.26B |
| Total Debt | 6.54B | 4.17B | 4.54B | 3.82B | 3.91B | 4.16B |
| Total Liabilities | 41.42B | 43.84B | 40.54B | 34.87B | 30.79B | 29.13B |
| Stockholders Equity | 95.53B | 108.32B | 97.54B | 84.07B | 72.12B | 64.04B |
Cash Flow | ||||||
| Free Cash Flow | 11.46B | 22.30B | 18.34B | 21.58B | 10.52B | 5.81B |
| Operating Cash Flow | 14.34B | 28.23B | 22.87B | 27.17B | 15.58B | 9.55B |
| Investing Cash Flow | 837.60M | -12.57B | -15.42B | -17.82B | -8.99B | -5.58B |
| Financing Cash Flow | -15.86B | -16.35B | -9.18B | -7.42B | -6.56B | -4.68B |
Pidilite Industries Limited Technical Analysis
Positive
1504.75
Price Trends
1383.01
Positive
1426.56
Positive
1462.27
Positive
Market Momentum
24.58
Negative
61.67
Neutral
60.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIDILITIND, the sentiment is Positive. The current price of 1504.75 is above the 20-day moving average (MA) of 1431.16, above the 50-day MA of 1383.01, and above the 200-day MA of 1462.27, indicating a bullish trend. The MACD of 24.58 indicates Negative momentum. The RSI at 61.67 is Neutral, neither overbought nor oversold. The STOCH value of 60.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PIDILITIND.
Pidilite Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹1.51T | 56.46 | ― | 0.34% | 11.11% | 17.90% | |
72 Outperform | ₹583.99B | 42.40 | ― | 0.70% | 2.91% | -4.56% | |
69 Neutral | ₹176.25B | 30.08 | ― | 1.11% | 2.93% | -48.42% | |
64 Neutral | ₹29.18B | 11.40 | ― | 0.09% | 15.19% | 9.27% | |
63 Neutral | ₹2.53T | 62.63 | ― | 0.89% | 1.22% | -9.12% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | ₹150.97B | 33.11 | ― | 0.51% | -0.22% | -12.31% |
* Consumer Defensive Sector Average
IN:PIDILITIND
Pidilite Industries Limited
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-26.75
-1.78%
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Pidilite Industries Limited Corporate Events
Pidilite Confirms Quarterly Compliance on Dematerialised Securities Reporting
Apr 9, 2026
Pidilite Industries Limited has submitted a quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming that details of securities dematerialised during the quarter ended 31 Mar...
Pidilite faces GST penalty, says no material impact on operations
Mar 9, 2026
Pidilite Industries Limited has disclosed that it received appellate orders from the Deputy Commissioner of State Tax in Mumbai imposing Goods and Services Tax penalties of Rs 2,640,843 for FY 2019-20 and Rs 1,590,724 for FY 2020-21. The company i...
Pidilite Forms Tanzania Joint Venture to Expand Construction Chemicals Business
Feb 24, 2026
Pidilite Industries Limited has announced that its wholly owned Singapore subsidiary, Pidilite International Pte. Ltd., and Tanzania-based Insignia Limited have incorporated a new joint venture entity in Tanzania named Pidilite Insignia Limited. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.