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Pidilite Industries Ltd
NSE:PIDILITIND

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Pidilite Industries Ltd Logo
Pidilite Industries Ltd
NSE:PIDILITIND
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Price: 3 024.3501 INR 1.07%
Updated: Mar 28, 2024

Intrinsic Value

Pidilite Industries Ltd. engages in the manufacture and sale of adhesives and glues. [ Read More ]

The intrinsic value of one PIDILITIND stock under the Base Case scenario is 853.9454 INR. Compared to the current market price of 3 024.3501 INR, Pidilite Industries Ltd is Overvalued by 72%.

Key Points:
PIDILITIND Intrinsic Value
Base Case
853.9454 INR
Overvaluation 72%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Pidilite Industries Ltd

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Fundamental Analysis

Stable Growth with Optimism for Near-Term Demand
2024-Q3 Earnings Call

Stable Growth with Optimism for Near-Term Demand

Pidilite Industries reports a solid quarter with a standalone revenue growth of 4.6%, underpinned by a 10.4% surge in underlying volumes across consumer and business segments. Consolidated revenue hit INR 3,119 crores, a 4.4% year-on-year increase, with significant expansion in gross margins by 1,191 basis points annually. EBITDA margins grew by 776 basis points compared to last year, supported by strong export demand and double-digit volume growth in local and international markets, despite global economic volatility and political challenges in some regions. The company maintains momentum by investing in new facilities, including a recently commissioned plant, and driving innovations that significantly contribute to revenue. Looking ahead, Pidilite remains optimistic, fueled by government spending and a construction uptick, and is dedicated to volume-led profitable growth through investment in brands, supply chain, and customer initiatives.

Financials

Balance Sheet Decomposition
Pidilite Industries Ltd

Current Assets 50.6B
Cash & Short-Term Investments 14.2B
Receivables 17.8B
Other Current Assets 18.5B
Non-Current Assets 61.6B
Long-Term Investments 4.3B
PP&E 26B
Intangibles 29B
Other Non-Current Assets 2.4B
Current Liabilities 27.9B
Accounts Payable 12.3B
Short-Term Debt 1.8B
Other Current Liabilities 13.7B
Non-Current Liabilities 9B
Long-Term Debt 1.7B
Other Non-Current Liabilities 7.3B
Efficiency

Earnings Waterfall
Pidilite Industries Ltd

Revenue
121.7B INR
Cost of Revenue
-60.8B INR
Gross Profit
60.9B INR
Operating Expenses
-38.1B INR
Operating Income
22.8B INR
Other Expenses
-5.7B INR
Net Income
17.1B INR

Free Cash Flow Analysis
Pidilite Industries Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

PIDILITIND Profitability Score
Profitability Due Diligence

Pidilite Industries Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Year Average ROE
Exceptional 3-Years Revenue Growth
Positive 3-Year Average ROIC
63/100
Profitability
Score

Pidilite Industries Ltd's profitability score is 63/100. The higher the profitability score, the more profitable the company is.

PIDILITIND Solvency Score
Solvency Due Diligence

Pidilite Industries Ltd's solvency score is 92/100. The higher the solvency score, the more solvent the company is.

92/100
Solvency
Score

Pidilite Industries Ltd's solvency score is 92/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

PIDILITIND Price Targets Summary
Pidilite Industries Ltd

Wall Street analysts forecast PIDILITIND stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PIDILITIND is 2 734.02 INR with a low forecast of 2 222 INR and a high forecast of 3 381 INR.

Lowest
Price Target
2 222 INR
27% Downside
Average
Price Target
2 734.02 INR
10% Downside
Highest
Price Target
3 381 INR
12% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

PIDILITIND Price
Pidilite Industries Ltd

1M 1M
+12%
6M 6M
+25%
1Y 1Y
+29%
3Y 3Y
+67%
5Y 5Y
+151%
10Y 10Y
+943%
Annual Price Range
3 024.3501
52w Low
2 295.4
52w High
3 024.3501
Price Metrics
Average Annual Return 21.18%
Standard Deviation of Annual Returns 16%
Max Drawdown -12%
Shares Statistics
Market Capitalization 1.5T INR
Shares Outstanding 508 446 200
Percentage of Shares Shorted
N/A

PIDILITIND Return Decomposition
Main factors of price return

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Company Profile

Pidilite Industries Ltd Logo
Pidilite Industries Ltd

Country

India

Industry

Chemicals

Market Cap

1.5T INR

Dividend Yield

0%

Description

Pidilite Industries Ltd. engages in the manufacture and sale of adhesives and glues. The company is headquartered in Mumbai, Maharashtra and currently employs 7,622 full-time employees. The firm operates through two segments: Consumer & Bazaar (C&B) and Business to Business (B2B). C&B segment is engaged in the sale of products mainly to end consumers, which are retail users, such as carpenters, painters, plumbers, mechanics, households, students, offices and other. Its sales consist of mainly adhesives, sealants, art and craft materials and construction and paint chemicals. B2B segment is engaged in the sale of products to end customers, which are mainly large business users. This includes Industrial Products (IP), such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, and caters to various industries, such as packaging, textiles, paints, joineries, printing inks, paper, leather and other. Its subsidiaries include Tenax Pidilite India Pvt Ltd and Pidilite Adhesives Pvt Ltd.

Contact

MAHARASHTRA
Mumbai
Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E)
+912228357000
https://www.pidilite.com/

IPO

1993-10-25

Employees

7 622

Officers

Executive Chairman of the Board
Mr. Madhukar Balvantray Parekh
MD, CEO & Executive Director
Mr. Bharat Tilakraj Puri
Executive Vice Chairman
Mr. Apurva Narendrakumar Parekh
Executive Director of Finance & CFO
Mr. Sandeep Batra
Director of Operations & Director
Mr. Joseph Varghese
Deputy MD & Director
Mr. Sudhanshu Vats
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President
Mr. Priykant Chhotalal Patel
President of Technology
Mr. Ramnarayan Mohanty
Company Secretary & Compliance Officer
Ms. Manisha Shetty
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See Also

Discover More
What is the Intrinsic Value of one PIDILITIND stock?

The intrinsic value of one PIDILITIND stock under the Base Case scenario is 853.9454 INR.

Is PIDILITIND stock undervalued or overvalued?

Compared to the current market price of 3 024.3501 INR, Pidilite Industries Ltd is Overvalued by 72%.