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Pidilite Industries is innovating with UnoFin, a sprayable plaster base coat system that offers insulated walls to reduce heat gain by approximately 50%. This system aims to replace conventional primer-putty-paint methods, providing long-lasting exterior protection. The company also anticipates significant growth opportunities in adhesives for the electronics and semiconductor manufacturing sectors. Through its new vertical, Pidilite Professional Services, the company is engaging with architects and engineers to promote its advanced coatings and adhesives, including specialized solutions for data centers.
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]
Revenue BreakupCompany 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]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Pidilite Inds. | 1472.10 | 67.13 | 149797.56 | 0.68 | 585.90 | 8.10 | 3287.31 | 10.43 | 30.51 | 12716.55 | 23.81 | 2231.31 | 585.90 | 15.87 | 16.96 | 0.03 |
| 2. | Gujarat Fluoroch | 3481.10 | 56.20 | 38214.67 | 0.09 | 179.00 | 47.93 | 1210.00 | 1.85 | 9.89 | 4864.00 | 26.89 | 680.00 | 179.00 | 5.02 | 5.51 | 0.23 |
| 3. | Navin Fluo.Intl. | 5973.00 | 68.91 | 30601.26 | 0.20 | 148.37 | 152.24 | 758.42 | 46.26 | 11.68 | 2790.96 | 27.91 | 444.09 | 148.37 | 8.50 | 6.27 | 0.33 |
| 4. | Deepak Nitrite | 1691.80 | 43.40 | 23063.48 | 0.44 | 118.75 | -38.87 | 1901.89 | -6.40 | 16.28 | 7874.86 | 11.16 | 531.41 | 118.71 | 4.18 | 9.86 | 0.23 |
| 5. | BASF India | 4395.30 | 49.48 | 19033.61 | 0.46 | 101.05 | -21.02 | 3904.04 | -8.09 | 18.02 | 14603.55 | 4.17 | 384.69 | 101.05 | 4.99 | 6.07 | 0.04 |
| 6. | Atul | 5971.00 | 32.43 | 17584.60 | 0.42 | 182.37 | 31.01 | 1551.85 | 11.42 | 12.81 | 5898.32 | 16.11 | 542.25 | 179.24 | 2.97 | 7.48 | 0.03 |
| 7. | Vinati Organics | 1594.60 | 35.56 | 16534.10 | 0.47 | 129.02 | 21.59 | 546.27 | -1.27 | 20.61 | 2258.65 | 29.70 | 464.92 | 129.02 | 5.56 | 13.64 | 0.00 |
| â | Median: 91 Co. | 295.95 | 28.62 | 871.16 | 0.3 | 7.23 | -1.61 | 131.05 | 3.92 | 14.08 | 520.49 | 13.0 | 26.34 | 7.25 | 2.96 | 7.65 | 0.11 |
Standalone figures in âš crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,715 | 2,710 | 2,382 | 2,964 | 2,780 | 2,834 | 2,589 | 3,146 | 2,977 | 3,099 | 2,851 | 3,479 | 3,287 |
Expenses | 2,251 | 2,242 | 1,946 | 2,292 | 2,138 | 2,126 | 2,061 | 2,375 | 2,246 | 2,350 | 2,267 | 2,591 | 2,480 |
Operating Profit | 464 | 468 | 436 | 671 | 643 | 708 | 528 | 771 | 731 | 749 | 584 | 888 | 807 |
Other Income | 28 | 3 | 21 | 27 | 36 | 60 | 49 | 52 | 72 | 55 | 96 | 84 | 69 |
Profit before tax | 433 | 403 | 389 | 630 | 609 | 694 | 470 | 742 | 720 | 718 | 585 | 879 | 780 |
Tax % | 22% | 27% | 25% | 26% | 25% | 25% | 25% | 26% | 25% | 26% | 24% | 26% | 25% |
Net Profit | 337 | 296 | 291 | 468 | 455 | 523 | 354 | 552 | 542 | 534 | 446 | 650 | 586 |
EPS in Rs | 3.31 | 2.91 | 2.86 | 4.60 | 4.47 | 5.14 | 3.48 | 5.42 | 5.33 | 5.25 | 4.38 | 6.39 | 5.76 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,878 | 4,398 | 4,731 | 4,865 | 5,354 | 6,094 | 6,333 | 6,216 | 8,896 | 10,597 | 11,167 | 12,073 | 12,717 |
Expenses | 3,205 | 3,637 | 3,636 | 3,638 | 4,061 | 4,800 | 4,849 | 4,663 | 7,115 | 8,742 | 8,608 | 9,237 | 9,689 |
Operating Profit | 673 | 761 | 1,095 | 1,227 | 1,293 | 1,294 | 1,484 | 1,554 | 1,781 | 1,855 | 2,559 | 2,836 | 3,028 |
Other Income | 36 | 25 | 68 | 14 | 136 | 189 | 93 | 67 | 32 | 63 | 164 | 273 | 303 |
Interest | 10 | 10 | 6 | 6 | 6 | 7 | 13 | 17 | 27 | 29 | 29 | 35 | 39 |
Depreciation | 69 | 108 | 88 | 90 | 91 | 100 | 126 | 147 | 194 | 222 | 289 | 308 | 329 |
Profit before tax | 631 | 669 | 1,070 | 1,145 | 1,331 | 1,376 | 1,437 | 1,457 | 1,591 | 1,668 | 2,404 | 2,766 | 2,963 |
Net Profit | 469 | 502 | 747 | 774 | 955 | 979 | 1,102 | 1,081 | 1,191 | 1,257 | 1,799 | 2,074 | 2,216 |
EPS in Rs | 4.57 | 4.89 | 7.28 | 7.55 | 9.41 | 9.64 | 10.84 | 10.64 | 11.72 | 12.37 | 17.69 | 20.39 | 21.78 |
Dividend Payout % | 30% | 30% | 28% | 31% | 32% | 34% | 32% | 40% | 43% | 44% | 45% | 49% | â |
Standalone figures in âš crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 102 |
Reserves | 1,988 | 2,298 | 2,599 | 3,348 | 3,513 | 4,136 | 4,414 | 5,510 | 6,293 | 7,057 | 8,287 | 9,626 | 9,341 |
Borrowings | 8 | 6 | 1 | 0 | 0 | 0 | 73 | 122 | 198 | 187 | 212 | 272 | 265 |
Other Liabilities | 842 | 912 | 815 | 896 | 1,064 | 1,163 | 1,281 | 1,940 | 2,196 | 2,385 | 2,822 | 3,322 | 3,430 |
Total Liabilities | 2,889 | 3,267 | 3,467 | 4,296 | 4,628 | 5,350 | 5,819 | 7,623 | 8,738 | 9,680 | 11,371 | 13,271 | 13,137 |
Fixed Assets | 611 | 828 | 917 | 940 | 940 | 951 | 1,249 | 1,423 | 4,235 | 4,437 | 4,935 | 5,202 | 5,239 |
Gross Block | 1,206 | 1,544 | 1,624 | 1,729 | 1,811 | 1,881 | 2,291 | 2,581 | 5,555 | 5,939 | 6,589 | 7,087 | â |
Accumulated Depreciation | 594 | 716 | 707 | 790 | 871 | 930 | 1,041 | 1,158 | 1,320 | 1,501 | 1,654 | 1,886 | â |
CWIP | 431 | 460 | 152 | 127 | 164 | 229 | 248 | 282 | 207 | 351 | 135 | 106 | 151 |
Investments | 574 | 700 | 1,103 | 1,793 | 1,786 | 2,190 | 1,824 | 3,482 | 1,085 | 1,447 | 2,813 | 4,173 | 3,936 |
Other Assets | 1,273 | 1,278 | 1,296 | 1,436 | 1,738 | 1,980 | 2,498 | 2,438 | 3,211 | 3,445 | 3,487 | 3,791 | 3,812 |
Total Assets | 2,889 | 3,267 | 3,467 | 4,296 | 4,628 | 5,350 | 5,819 | 7,623 | 8,738 | 9,680 | 11,371 | 13,271 | 13,137 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 398 | 573 | 907 | 809 | 799 | 853 | 1,228 | 1,201 | 857 | 1,432 | 2,586 | 2,229 |
Cash from Investing Activity | -140 | -445 | -469 | -791 | 24 | -488 | 133 | -1,679 | -540 | -754 | -1,736 | -1,515 |
Cash from Financing Activity | -221 | -173 | -409 | -37 | -803 | -371 | -858 | 19 | -436 | -673 | -623 | -882 |
Net Cash Flow | 37 | -44 | 29 | -19 | 19 | -6 | 504 | -459 | -119 | 6 | 227 | -168 |
Standalone Figures in âš Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 43 | 42 | 46 | 47 | 46 | 46 | 59 | 50 | 45 | 46 | 47 |
Inventory Days | 110 | 101 | 79 | 90 | 91 | 87 | 91 | 126 | 107 | 93 | 85 | 98 |
Days Payable | 65 | 56 | 51 | 53 | 62 | 54 | 62 | 102 | 70 | 56 | 70 | 83 |
Cash Conversion Cycle | 88 | 88 | 71 | 82 | 76 | 80 | 76 | 82 | 87 | 82 | 60 | 62 |
Working Capital Days | 26 | 23 | 31 | 36 | 43 | 41 | 32 | 15 | 41 | 38 | 15 | 14 |
ROCE % | 33% | 31% | 43% | 41% | 38% | 35% | 35% | 29% | 27% | 24% | 31% | 31% |
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