Pidilite Industries Ltd (PIDILITIND)

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.