Pidilite Industries Ltd.

NSE: PIDILITIND · Specialty Chemicals

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52W Range₹1,259 – ₹1,708

Snapshot

Unlock Pidilite Industries Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Pidilite Industries is a leading manufacturer of consumer and specialty chemicals, primarily known for its iconic adhesive brands. The company operates through two main segments: Branded Consumer & Bazaar, which serves households and small-scale users, and Business to Business, which provides industrial resins and chemicals.

Business Model

The company generates revenue by leveraging strong brand equity in the adhesive and sealant market, supported by an extensive distribution network. It operates a dual-model approach, catering to retail consumers through household brands like Fevicol and Dr. Fixit, while supplying industrial-grade chemicals to sectors such as packaging and textiles.

Growth Outlook

Growth is driven by the expansion of the construction chemicals portfolio and the continued penetration of its consumer adhesive brands in both domestic and international markets. The company focuses on product innovation and strengthening its presence in the industrial B2B segment to capture demand across diverse manufacturing sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of crude oil derivatives, which are key inputs for chemical manufacturing, can significantly impact profit margins.
  • Competitive Intensity. The company faces stiff competition from both established domestic players and unorganised local manufacturers in the adhesives and construction chemicals space.
  • Economic Cyclicality. Demand for industrial adhesives and construction chemicals is highly sensitive to the overall health of the real estate and manufacturing sectors.

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Key Metrics

REVENUE

₹16,142 Cr

TTM · consolidated

+16.8%YoY

NET PROFIT

₹2,718 Cr

TTM · consolidated

+20.9%YoY

EPS

₹26.37

TTM · consolidated

-30.7%YoY

RETURN ON EQUITY

26.2%

TTM · consolidated

+2.7 ppYoY

RETURN ON CAPITAL EMPLOYED

32.5%

TTM · consolidated

+3.2 ppYoY

P/E

56.4×

Q2 FY27 · consolidated

56.4 vs 49.3x5Y avg

EV/EBITDA

37.0x

Q2 FY27 · consolidated

37.0 vs 58.2x5Y avg

EBITDA MARGIN

25.3%

TTM · consolidated

+0.0 ppYoY

NET PROFIT MARGIN

14.6%

Q2 FY27 · consolidated

-1.8 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · consolidated

-0.01xYoY

Peers · Specialty Chemicals

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Pidilite Industries Ltd.PIDILITIND
₹1.51L Cr56.4×37.0416.8%25.3%26.2%32.5%+3.0%
Grasim Industries Ltd.GRASIM
₹2.08L Cr36.4×15.6320.5%15.0%11.3%4.6%+5.7%
GAIL (India) Ltd.GAIL
₹1.16L Cr9.2×6.5710.4%12.5%13.6%13.5%-3.2%
Gujarat Fluorochemicals Ltd.FLUOROCHEM
₹47,500 Cr77.6×35.209.5%26.5%8.1%11.6%+15.5%
Navin Fluorine International Ltd.NAVINFLUOR
₹43,116 Cr47.3×29.9745.7%36.3%22.6%24.5%+47.8%
Deepak Nitrite Ltd.DEEPAKNTR
₹20,885 Cr19.7×12.5223.8%18.5%17.7%20.4%-11.4%

As of Q2 FY27

Financials