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Pidilite Industries Ltd (PIDILITIND)

₹2512.850.55%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of Pidilite Industries Ltd

Key events for Pidilite Industries Ltd

  • Individual Insiders Hold Majority Stake in Pidilite Industries - 20 Sep, 2023

    A group of individual insiders holds the majority stake in Pidilite Industries with 43% ownership, while hedge funds have a minimal share. The top 10 shareholders own over half of the company's shares, balancing out interests to an extent.

  • Pidilite Industries Stock Sees Mutual Fund Sell-Off - 15 Sep, 2023

    Mutual funds have been selling Pidilite Industries in August, resulting in negative returns of 11% over the last year.

  • Mutual Funds Trim Exposure to Pidilite Industries - 13 Sep, 2023

    In August, mutual funds trimmed their exposure to Pidilite Industries Ltd, one of the largecap stocks.

  • Stock Futures Indicate Weakness for Pidilite Industries Ltd - 11 Sep, 2023

    Pidilite Industries Ltd is among the stocks that are expected to be weak based on stock futures.

  • Pidilite Industries Ltd Shares Down 14% from 52-Week High - 06 Sep, 2023

    Pidilite Industries Ltd, a significant maker of adhesives and sealants in India, saw its shares fall by 14% from the 52-week high price. However, the company's profitability numbers have been consistent over the years, with revenue increasing 5% yearly and net profit growing by 34%. The share closed at Rs 2,502.40 on Wednesday.

  • Demand for Quinacridone Red Pigments Boosts Pidilite Industries - 04 Sep, 2023

    The growing demand for Quinacridone Red Pigments around the world has had a direct impact on the growth of Pidilite Industries, which is one of the key players in the market.

  • Pidilite Stock Closes Above 200-Day SMA; New Competitors Enter Market - 25 Aug, 2023

    Pidilite Industries Ltd's stock closed above its 200-day SMA at Rs 2521.6. Grasim Industries, Pidilite and JSW have entered the paint market to compete with established players.

  • Pidilite Industries Q1FY2024 PAT Grows Over 30% - 20 Aug, 2023

    Pidilite Industries registered strong year-on-year PAT growth of over 30% in Q1FY2024 due to a correction in VAM prices, leading to an increase in OPM. Volume growth recovered to double digits in C&B business, and rural demand exceeded urban demand by 1.5x. The volume growth momentum is expected to continue with the improving demand environment.

  • Insiders Sell Pidilite Industries Stock Worth ₹206m - 19 Aug, 2023

    Over the past year, Pidilite Industries insiders sold shares worth ₹88m at about ₹2,713 per share. In Q2 2023, insiders dumped shares worth ₹206m without any purchases.

  • Pidilite Industries Appoints Manish Dubey as CMO - 17 Aug, 2023

    Manish Dubey has been appointed as the Chief Marketing Officer of Pidilite Industries Ltd. He brings with him extensive experience from his senior marketing positions at General Mills and Asian Paints.

  • Pidilite Industries Reports Strong Q1FY24 Results - 14 Aug, 2023

    Pidilite Industries Ltd's Q1FY24 gross margin expanded sharply by over 700 basis points YoY to 49%. Management is optimistic about future demand, while the stock surpassed its 100 SMA.

  • Pidilite Reports Strong Q1 Results - 11 Aug, 2023

    Adhesive maker Pidilite Industries Ltd reported a strong Q1 result with margins up 450 basis points YoY and the bottom line up 32.5% YoY, despite muted topline growth of 5.6%.

  • Pidilite Reports Strong Q1 Results - 10 Aug, 2023

    Pidilite Industries Ltd reported a consolidated net profit of Rs 468.2 crore for Q1 FY24, with revenue up by 5.6% YoY. The company's gross margins improved substantially, while its domestic consumer business registered double-digit revenue and underlying volume growth.

  • Pidilite Industries Expected to Report Strong Improvement in Q1 FY24 Margins - 09 Aug, 2023

    Pidilite Industries Ltd is expected to report a 650 bps YoY improvement in gross margins for Q1 of FY24, with an 8-10% growth in domestic consumer volumes. EBITDA is expected to rise by 32% to Rs 699 crore and profit after tax is expected to rise by 30% to Rs 465 crore compared to the previous year.

  • Pidilite Industries Declares Final Dividend - 27 Jul, 2023

    Pidilite Industries Ltd has declared a final dividend of Rs 11 per equity share with a face value of Re 1. The record date is July 27, and it will trade ex-dividend on the same day.

  • Pidilite Industries Downgraded by Citi - 12 Jul, 2023

    Citi has downgraded Pidilite Industries from 'buy' to 'sell' and cut its target price to Rs 2,200 due to unsustainable valuation and earnings growth beyond FY24 likely aligning with revenue growth.

  • Pidilite Industries to Increase Dividend Payment - 07 Jul, 2023

    Pidilite Industries Ltd will increase its dividend payment from ₹2.60 in 2013 to ₹11.00 on September 9, 2023. The company's earnings easily cover the last dividend and are set to grow by 102%. While the dividend looks viable moving forward, investors should be mindful of the company's past sustainability issues.

  • Pidilite Industries Ltd has net cash of ₹6.95b - 29 Jun, 2023

    Pidilite Industries had a debt of ₹1.63b at the end of March 2023, but it also has ₹8.58b in cash to offset that, meaning it has ₹6.95b net cash.

  • Pidilite Industries Ltd. well-positioned for growth - 23 Jun, 2023

    With a diverse product portfolio and strong distribution network, Pidilite Industries Ltd. is poised to capitalize on growing demand for its offerings. The Golden Crossover and positive 1D return highlight the company's ability to adapt to market dynamics.

  • Pidilite Launches New Manufacturing Facilities in Gujarat - 21 Jun, 2023

    Pidilite Industries Ltd has launched new manufacturing facilities under its joint ventures PLPL and TPPL in Amod, Gujarat to manufacture Litokol and Tenax products from Italy in India.

Analyst Rating

based on 19 analysts

HOLD
15.79%
Buy
31.58%
Hold
52.63%
Sell

Based on 19 analysts offering long term price targets for Pidilite Industries Ltd. An average target of ₹2476.37

Source: S&P Global Market Intelligence

Pidilite Industries Ltd Performance

  • ₹2486
    ₹2518.4
    ₹2512.85
    downward going graph

    1.07%

    Downside

    Day's Volatility:1.29%

    Upside

    0.22%

    downward going graph
  • ₹2250.05
    ₹2883.55
    ₹2512.85
    downward going graph

    10.46%

    Downside

    52 Weeks Volatility:25.21%

    Upside

    14.75%

    downward going graph
1 Month Return0.5 %
3 Month Return-6.44 %
1 Year Return-11.34 %
Previous Close₹2,499.20
Open₹2,491.10
Volume2.80L
Market Cap₹1,27,074.71Cr

Pidilite Industries Ltd Company Information

Pidilite Industries Ltd is a leading manufacturer of adhesives, sealants, construction chemicals, and art materials. Incorporated in 1959, the company is headquartered in Mumbai, India and has a presence in over 50 countries with operations in five business lines, namely, Adhesives, Construction Chemicals, Industrial Adhesives & Sealants, Art Materials, and Polymers & Resins.

The company's top products include Fevicol, Dr. Fixit, Fevikwik, Roff, M-Seal, Fevicryl, M-Seal, Fevistik, Fevibond, and Fevicryl Hobby Ideas. Popular brands include Fevicol, Dr. Fixit, Fevikwik, Roff, Fevicryl, M-Seal, Fevistik, Fevibond, Fevicryl Hobby Ideas, and FeviColor. Pidilite Industries Ltd is committed to providing high-quality products and services to its customers, while also taking steps to ensure the safety of its employees and the environment.

Share Price: ₹2512.85 per share as on 21 Sep, 2023 04:01 PM
Market Capitalisation: ₹1,27,074.71Cr as of today
Revenue: ₹2,712.07Cr as on March 2023 (Q1 23)
Net Profit: ₹283.03Cr as on March 2023 (Q1 23)
Listing date: 16 Dec, 1994
Chairperson Name: A B Parekh
OrganisationPidilite Industries Ltd
HeadquartersMumbai
IndustryChemicals
E-voting on sharesClick here to vote

Fundamentals of Pidilite Industries Ltd

Insights on Pidilite Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up
    img

    Foreign Institutions have increased holdings from 10.61% to 11.34% in Jun 2023 quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, Gujarat Fluorochemicals Ltd has given 480.8% return, outperforming this stock by 407.9%

  • imgNO EFFECT

    Against Peers
    img

    In the last 1 year, Tata Chemicals Ltd has given -4.5% return, outperforming this stock by 6.8%

  • imgNEGATIVE IMPACT

    MF Holding Down
    img

    Mutual Funds have decreased holdings from 4.21% to 3.88% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down
    img

    Netprofit is down for the last 4 quarters, 353.61 Cr → 283.03 Cr (in ₹), with an average decrease of 7.2% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down
    img

    Promoters have decreased holdings from 69.94% to 69.92% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall
    img

    Revenue is down for the last 4 quarters, 3.11K Cr → 2.71K Cr (in ₹), with an average decrease of 4.4% per quarter

  • imgNEGATIVE IMPACT

    Price Dip
    img

    In the last 3 months, PIDILITIND stock has moved down by -6.4%

  • imgNEGATIVE IMPACT

    Retail Holding Down
    img

    Retail Investor have decreased holdings from 10.98% to 10.82% in Jun 2023 quarter

Pidilite Industries Ltd Valuation

Pidilite Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (48.79x)

October 9, 2018

Industry (36.76x)

September 20, 2023

Today (91.55x)

September 20, 2023

Highest (110.93x)

January 12, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Axis Long Term Equity Fund Direct Plan Growth OptionAxis Long Term Equity Fund Direct Plan Growth Option4.82%
Axis Focused 25 Fund Direct Plan Growth OptionAxis Focused 25 Fund Direct Plan Growth Option7.12%
Axis Bluechip Fund Direct Plan GrowthAxis Bluechip Fund Direct Plan Growth1.51%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.06%
Axis Flexi Cap Fund Direct GrowthAxis Flexi Cap Fund Direct Growth1.35%

Pidilite Industries Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
69.92%
-0.02
Foreign Institutions
11.34%
6.87
Mutual Funds
3.88%
-7.91
Retail Investors
10.82%
-1.48
Others
4.05%
-5.07

Technicals of Pidilite Industries Ltd

News & Events of Pidilite Industries Ltd

QnA on Pidilite Industries Ltd

  • QuestionAsked on: 21 Jun, 2023

    Pidilite Industries is most famous for which household adhesive product?

    QnA Result : 22 Jun, 2023User Profile Icon1405 people participated in the quiz

    Fevicol is the most famous adhesive product of Pidilite Industries.

    97.30% of INDmoney users answered correctly

    Fevicol
    97.30%blue tick
    Forsoc
    1.85%
    Weber
    0.85%

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Frequently Asked Questions

Pidilite Industries Ltd (PIDILITIND) share price today is ₹2512.85

  • Today’s highest price of Pidilite Industries Ltd is ₹2518.4.
  • Today’s lowest price of Pidilite Industries Ltd is ₹2486.

Today’s traded volume of Pidilite Industries Ltd(PIDILITIND) is 2.80L.

Today’s market capitalisation of Pidilite Industries Ltd(PIDILITIND) is ₹127074.71Cr.

Pidilite Industries Ltd(PIDILITINDPrice
52 Week High
₹2883.55
52 Week Low
₹2250.05

Pidilite Industries Ltd(PIDILITIND) share price is ₹2512.85. It is down -12.86% from its 52 Week High price of ₹2883.55

Pidilite Industries Ltd(PIDILITIND) share price is ₹2512.85. It is up 11.68% from its 52 Week Low price of ₹2250.05

Pidilite Industries Ltd(PIDILITINDReturns
1 Day Returns
13.65%
1 Month Returns
0.5%
3 Month Returns
-6.44%
1 Year Returns
-11.34%