Pidilite Industries Ltd

Pidilite Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Pidilite Industries Ltd

₹ 2,938 -2.13%
21 Nov - close price
pidilite.com BSE: 500331 NSE: PIDILITIND
About

Pidilite Industries Limited is a leading manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY products and polymer emulsions in India. Most of the products have been developed through strong in-house R&D. Our brand name Fevicol has become synonymous with adhesives to millions in India and is ranked amongst the most trusted brands in the country. Some of our other major brands are M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax, Hobby Ideas, Araldite. [1]

Key Points

Revenue Breakup
Company earns about 53% of its revenues from adhesives & sealants category, followed by Construction & paint chemicals (20%), industrial resins & construction chemicals (7%), art & craft materials (6%), industrial adhesives (6%), and pigment & preparation (6%)..
It has its business divided into 2 divisions, consumer & bazaar products which account for ~80% of revenues, and B2B products segment which accounts for ~20% of revenues [1] In total,the company produces ~6500 products for its brands. [2]

Website BSE NSE
  • Market Cap ₹ 1,49,476 Cr.
  • Current Price ₹ 2,938
  • High / Low ₹ 3,415 / 2,475
  • Stock P/E 76.2
  • Book Value ₹ 171
  • Dividend Yield 0.54 %
  • ROCE 29.7 %
  • ROE 22.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 44.4%
  • Company's working capital requirements have reduced from 41.8 days to 24.3 days

Cons

  • Stock is trading at 17.2 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

Part of Nifty Next 50 Nifty 100 Low Volatility 30 BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty100 ESG

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,626 2,851 2,507 3,101 3,011 2,998 2,689 3,275 3,076 3,130 2,902 3,395 3,235
2,077 2,302 2,106 2,572 2,511 2,502 2,232 2,569 2,398 2,388 2,327 2,583 2,467
Operating Profit 550 549 401 529 500 496 458 706 678 742 575 812 768
OPM % 21% 19% 16% 17% 17% 17% 17% 22% 22% 24% 20% 24% 24%
15 9 16 14 14 7 23 23 32 37 -23 54 57
Interest 12 11 9 9 12 15 12 12 13 13 13 12 12
Depreciation 60 60 62 61 64 69 76 73 75 79 113 84 88
Profit before tax 491 487 346 473 439 419 393 644 622 687 426 770 725
Tax % 24% 26% 26% 24% 23% 27% 27% 26% 26% 26% 29% 26% 25%
376 359 254 358 338 308 286 474 459 511 304 571 540
EPS in Rs 7.37 7.05 5.00 6.96 6.54 5.98 5.57 9.21 8.85 10.04 5.91 11.15 10.51
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,678 4,283 4,844 5,361 5,617 6,078 7,078 7,294 7,293 9,921 11,799 12,383 12,662
3,120 3,611 4,073 4,188 4,355 4,737 5,707 5,718 5,606 8,065 9,813 9,675 9,765
Operating Profit 558 672 771 1,173 1,262 1,341 1,371 1,576 1,686 1,856 1,986 2,708 2,897
OPM % 15% 16% 16% 22% 22% 22% 19% 22% 23% 19% 17% 22% 23%
107 38 40 81 115 153 130 97 74 39 55 63 125
Interest 16 16 16 13 14 16 26 34 37 42 48 51 50
Depreciation 69 81 118 100 115 120 133 170 201 240 270 341 364
Profit before tax 581 612 678 1,141 1,248 1,359 1,342 1,470 1,522 1,614 1,723 2,379 2,608
Tax % 27% 27% 25% 29% 31% 29% 31% 24% 26% 25% 25% 27%
424 450 514 807 863 966 928 1,122 1,126 1,207 1,289 1,747 1,927
EPS in Rs 8.27 8.77 10.00 15.66 16.77 18.95 18.21 21.97 22.26 23.76 25.05 34.00 37.61
Dividend Payout % 31% 31% 29% 26% 28% 32% 36% 32% 38% 42% 44% 47%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 19%
TTM: 5%
Compounded Profit Growth
10 Years: 15%
5 Years: 14%
3 Years: 16%
TTM: 30%
Stock Price CAGR
10 Years: 21%
5 Years: 18%
3 Years: 8%
1 Year: 18%
Return on Equity
10 Years: 24%
5 Years: 22%
3 Years: 21%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,600 1,901 2,219 2,587 3,420 3,523 4,097 4,405 5,542 6,353 7,161 8,356 8,664
111 46 58 80 98 125 113 288 331 416 391 382 379
853 930 986 996 1,202 1,500 1,643 1,779 2,890 2,675 2,902 3,286 3,662
Total Liabilities 2,616 2,928 3,315 3,714 4,770 5,199 5,904 6,523 8,814 9,494 10,505 12,076 12,755
646 729 978 1,137 1,275 1,342 1,448 1,807 4,418 4,703 4,914 5,451 5,499
CWIP 428 458 462 158 148 228 242 259 294 225 406 148 161
Investments 294 260 370 706 1,443 1,246 1,548 1,186 516 459 881 2,235 2,546
1,248 1,481 1,505 1,713 1,904 2,383 2,666 3,270 3,586 4,107 4,304 4,242 4,550
Total Assets 2,616 2,928 3,315 3,714 4,770 5,199 5,904 6,523 8,814 9,494 10,505 12,076 12,755

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
472 394 552 907 794 796 845 1,280 1,392 955 1,558 2,724
-144 -99 -436 -491 -879 39 -513 103 -1,688 -558 -899 -1,769
-339 -242 -165 -371 41 -790 -361 -849 -76 -468 -656 -742
Net Cash Flow -12 54 -49 45 -45 46 -29 533 -372 -71 2 212

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 45 44 48 50 56 54 54 66 53 47 49
Inventory Days 95 93 88 89 100 102 95 100 133 114 98 86
Days Payable 45 54 45 53 54 69 59 67 109 70 57 70
Cash Conversion Cycle 92 84 86 84 96 89 90 88 91 96 88 66
Working Capital Days 23 33 31 42 46 56 54 45 35 54 47 24
ROCE % 34% 33% 32% 45% 39% 36% 33% 33% 28% 25% 24% 30%

Shareholding Pattern

Numbers in percentages

30 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.98% 69.94% 69.94% 69.93% 69.93% 69.94% 69.91% 69.86% 69.84% 69.78% 69.75% 69.60%
11.66% 11.57% 11.13% 11.34% 11.08% 10.61% 11.34% 11.44% 11.49% 11.31% 11.59% 11.96%
7.48% 7.30% 7.48% 7.73% 8.12% 8.45% 7.92% 8.01% 8.32% 8.93% 8.97% 8.89%
10.88% 11.19% 11.45% 10.98% 10.85% 10.98% 10.82% 10.70% 10.36% 10.00% 9.71% 9.55%
No. of Shareholders 4,84,5975,62,8106,20,8755,75,4795,86,0756,18,3275,97,0296,00,1175,77,3825,41,1145,23,2925,08,966

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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