MarketFriction

Pidilite Industries Ltd

NSE PIDILITIND · BSE 500331 · Specialty Chemicals
₹1,464.00 -0.08%
NSE close2026-10-01
52 week range1,259.00 - 1,707.50
Market cap₹1,48,809 Cr.
P/E56.2
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty Commodities No price band Delivery 60.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,0763,1302,9023,3953,2353,3693,1413,7533,5543,7103,5834,552
Expenses2,3982,3882,3272,5832,4672,5712,5092,8122,7042,8162,7533,358
Operating Profit6787425758127687986329418508948311,194
OPM %22%24%20%24%24%24%20%25%24%24%23%26%
Other Income3237-235457565586506057109
Interest131313121212141413131413
Depreciation757911384889097971001019797
Profit before tax6226874267707257525769167878407771,192
Tax %26%26%29%26%25%26%26%26%26%26%25%26%
Net Profit459511304571540557428678585624584884
EPS in Rs4.435.022.965.575.265.434.156.615.696.075.698.57
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,3615,6176,0787,0787,2947,2939,92111,79912,38313,14014,60115,399
Expenses4,1884,3554,7375,7075,7185,6068,0659,8139,67510,13011,08011,630
Operating Profit1,1731,2621,3411,3711,5761,6861,8561,9862,7083,0113,5213,769
OPM %22%22%22%19%22%23%19%17%22%23%24%24%
Other Income811151531309774395563221248275
Interest131416263437424851505454
Depreciation100115120133170201240270341358395395
Profit before tax1,1411,2481,3591,3421,4701,5221,6141,7232,3792,8233,3203,596
Tax %29%31%29%31%24%26%25%25%27%26%26%
Net Profit8078639669281,1221,1261,2071,2891,7472,0962,4712,676
EPS in Rs7.838.399.489.1010.9911.1311.8812.5217.0020.4124.0626.02
Dividend Payout %26%28%32%36%32%38%42%44%47%49%48%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%15%7%14%
Compounded Profit Growth12%17%25%20%
Stock Price CAGR16%4%6%0%
Return on Equity23%22%23%24%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5151515151515151515151102
Reserves2,2192,5873,4203,5234,0974,4055,5426,3537,1618,3569,70410,730
Borrowings588098125113288331416391382454417
Other Liabilities9869961,2021,5001,6431,7792,8902,6752,9023,2863,7754,149
Total Liabilities3,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98415,399
Fixed Assets9781,1371,2751,3421,4481,8074,4184,7034,9145,4515,7055,774
CWIP462158148228242259294225406148129329
Investments3707061,4431,2461,5481,1865164598812,2353,5514,350
Other Assets1,5051,7131,9042,3832,6663,2703,5864,1074,3044,2424,5984,947
Total Assets3,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98415,399
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5529077947968451,2801,3929551,5582,7242,2872,828
Cash from Investing Activity-436-491-87939-513103-1,688-558-899-1,769-1,542-1,224
Cash from Financing Activity-165-37141-790-361-849-76-468-656-742-918-1,673
Net Cash Flow-4945-4546-29533-372-712212-173-68
Free Cash Flow1437426715245918361,0405811,0602,1711,8392,239
CFO/OP94%104%92%91%91%106%105%76%99%124%100%105%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days444850565454665347495055
Inventory Days888910010295100133114988610398
Days Payable4553546959671097057708586
Cash Conversion Cycle868496899088919688666866
Working Capital Days273640494836234340191918
ROCE %32%45%39%36%33%33%28%25%24%30%30%31%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.86%69.84%69.78%69.75%69.60%69.59%69.49%69.35%69.33%69.32%69.32%69.24%
FIIs11.44%11.49%11.31%11.59%11.96%11.79%11.60%12.13%12.08%12.01%11.75%11.69%
DIIs8.01%8.32%8.93%8.97%8.89%9.15%9.43%9.15%9.15%9.21%9.56%9.81%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.08%0.09%
Public10.70%10.36%10.00%9.71%9.55%9.46%9.47%9.36%9.43%9.40%9.29%9.18%
No. of Shareholders6,00,1175,77,3825,41,1145,23,2925,08,9665,08,9185,17,6185,02,2575,17,1205,21,8505,20,4405,09,811

Fundamentals

Market Cap₹ 1,48,809 Cr.
Current Price₹ 1,461
Stock P/E56.2
Book Value₹ 106
ROCE31.0 %
ROE23.9 %
Dividend Yield0.79 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)20%
Consolidated figures.
Valuation
Market capRs 149,001 Cr
Enterprise valueRs 149,119 Cr
P/E (TTM)56.25x
Price to book13.76x
Price to sales9.68x
EV / EBITDA36.87x
EV / EBIT40.86x
EV / sales9.68x
Price to cash flow52.68x
Earnings yield1.78%
Dividend yield0.79%
P/E, 3-year average44.21x
P/B, 3-year average9.54x
P/E, 5-year average46.25x
P/B, 5-year average9.33x
Profitability
Operating margin (excl. other income)24.12%
Operating margin (incl. other income)25.81%
EBITDA margin26.27%
Pre-tax margin23.35%
Net profit margin17.20%
Net margin, latest quarter19.17%
ROE23.79%
ROCE31.45%
ROA16.67%
ROE, 3-year average22.93%
ROCE, 3-year average30.45%
ROA, 3-year average15.97%
ROE, 5-year average21.53%
ROCE, 5-year average28.38%
ROA, 5-year average14.77%
ROIC (approx.)24.80%
Tax rate25.58%
Other income / net worth2.29%
Growth
Sales growth (latest year)11.11%
Profit growth (latest year)17.95%
Sales CAGR, 3 years7.36%
Sales CAGR, 5 years14.89%
Profit CAGR, 3 years24.36%
Profit CAGR, 5 years16.70%
Sales growth QoQ27.02%
Profit growth QoQ50.61%
Sales growth YoY (latest quarter)21.27%
Profit growth YoY (latest quarter)29.74%
Per share
EPS (TTM)Rs 26.03
EPS (latest year)Rs 24.06
EPS (latest quarter)Rs 8.57
EPS, 3-year averageRs 32.96
EPS, 5-year averageRs 29.54
Book value per shareRs 106.43
Sales per shareRs 151.30
Cash flow per shareRs 27.79
Free cash flow per shareRs 22.00
Dividend per share (latest year)Rs 11.50
Dividend per share, 3-year averageRs 15.83
Dividend per share, 5-year averageRs 13.70
Dividends
Dividend payout47.80%
Dividend payout, 3-year average47.95%
Dividend payout, 5-year average45.97%
Efficiency
Asset turnover0.95x
Fixed asset turnover2.53x
Inventory turnover4.15x
Inventory days88 days
Debtor days55 days
Debtors turnover6.69x
Creditor days86 days
Cash conversion cycle66 days
Working capital days18 days
Leverage
Total debtRs 417 Cr
Cash and bankRs 299 Cr
Net debtRs 118 Cr
Debt to equity0.04x
Net debt / EBITDA0.03x
Interest coverage67.85x
Current ratio (filing 2026-03-31)2.38x
Quick ratio (filing 2026-03-31)1.90x
Trade payables (filing 2026-03-31)Rs 1,537 Cr
Owners' fund to total sources70.34%
Debt to assets2.71%
Cash flow
Cash from Operating Activity (latest year)Rs 2,828 Cr
Cash from Investing Activity (latest year)Rs -1,224 Cr
Cash from Financing Activity (latest year)Rs -1,673 Cr
Net Cash Flow (latest year)Rs -68 Cr
Free cash flow (latest year)Rs 2,239 Cr
FCFE (approx.: FCF + change in debt)Rs 2,202 Cr
Cash from ops / profit, 5 years1.18x
Sales to cash flow5.16x
Statement figures
Net sales (TTM)Rs 15,399 Cr
Net sales (latest year)Rs 14,601 Cr
Sales (latest quarter)Rs 4,552 Cr
Operating profit excl. other income (latest year)Rs 3,521 Cr
Operating profit (latest quarter)Rs 1,194 Cr
Other income (TTM)Rs 275 Cr
EBITDA (TTM)Rs 4,045 Cr
PBDT (TTM)Rs 3,991 Cr
Profit before tax (TTM)Rs 3,596 Cr
Tax (latest year)Rs 849 Cr
Net profit (TTM)Rs 2,649 Cr
Net profit (latest year)Rs 2,449 Cr
Net profit (latest quarter)Rs 872 Cr
Depreciation (TTM)Rs 395 Cr
Depreciation (latest quarter)Rs 97 Cr
Interest (TTM)Rs 54 Cr
Cost of goods sold (latest year)Rs 7,215 Cr
Total expenditure (latest year)Rs 11,080 Cr
Total income (latest year)Rs 14,849 Cr
Share capitalRs 102 Cr
ReservesRs 10,730 Cr
Shareholders' fundsRs 10,832 Cr
Total assetsRs 15,399 Cr
Net blockRs 5,774 Cr
Capital work in progressRs 329 Cr
InvestmentsRs 4,350 Cr
ReceivablesRs 2,181 Cr
InventoryRs 1,738 Cr
Other liabilitiesRs 4,149 Cr
Shares outstanding (crore)101.78
Ownership
Promoter holding69.24% (-0.11 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 56.2 is at the 12th percentile of its own 9.4-year range (median 76.3, low 46.3, high 121.9).
P/B 13.76 is at the 11th percentile (median 17.58).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPIDILITINDNifty 50Difference
1 week-3.8%-2.8% -1.0 pts
1 month-10.9%-6.8% -4.1 pts
3 months-8.4%-7.6% -0.8 pts
6 months+13.9%+0.4% +13.5 pts
1 year-2.1%-9.9% +7.8 pts
2 years-11.1%-13.6% +2.4 pts
3 years+20.0%+14.2% +5.8 pts
5 years+21.1%+27.9% -6.8 pts
221 mutual fund schemes hold about ₹6,261 Cr. Over three months 165 bought more and 35 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Axis ELSS-Tax Saver Fund2.62%857 +5%
Axis Large Cap Fund1.99%624 +16%
UTI Flexi Cap Fund1.49%360 +23%
ICICI Pru Balanced Advantage Fund(M0.37%277 +11%
Mirae Asset Large Cap Fund0.58%224 -7%
ICICI Pru Nifty Next 50 Index Fund2.06%208 +12%
Axis Focused Fund1.76%202 -9%
Kotak Arbitrage Fund(M0.27%201 -8%
Axis Large & Mid Cap Fund0.96%167 +10%
Axis Large & Mid Cap Fund0.96%162 +10%
UTI Nifty Next 50 Index Fund2.06%155 +11%
SBI Dividend Yield Fund1.52%130 +15%
ICICI Pru Multi Asset Allocation Fund0.15%130 -8%
ICICI Pru Aggressive Hybrid Fund(A0.23%118 -5%
SBI ESG Exclusionary Strategy Fund2.20%118 +15%
Nippon India Balanced Advantage Fund0.86%85 +14%
NJ Flexi Cap Fund2.90%78 +13%
HDFC Arbitrage Fund(M0.28%71 +174%
NJ Balanced Advantage Fund1.98%67 +9%
Axis India Manufacturing Fund1.14%66 -1%
Tata Flexi Cap Fund1.81%66 +15%
SBI Quant Fund2.25%66 +100%
Baroda BNP Paribas Balanced Advantage Fund1.11%59 +8%
UTI Multi Asset Allocation Fund0.82%58 +13%
HDFC NIFTY Next 50 Index Fund2.06%56 +12%

Red flags

F-score 8 of 8
lookRegulator order or action Regulator order or action 2026-07-22: Pidilite Industries Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-03-26Maithili ParekhPromoter Groupsell100,000Rs 28.50 CrMarket Sale
2025-03-25Yogesh AnandEmployees/Designated Employeother300Rs 0.00 CrESOP
2025-03-25Saswata DharEmployees/Designated Employeother900Rs 0.00 CrESOP
2025-03-20Shivan SinghPromoter Groupsell12,000Rs 3.29 CrMarket Sale
2025-03-20Radha SinghPromoter Groupsell12,000Rs 3.29 CrMarket Sale
2025-03-19Radha SinghPromoter Groupsell7,000Rs 1.92 CrMarket Sale
2025-03-19Shivan SinghPromoter Groupsell7,000Rs 1.92 CrMarket Sale
2025-03-18Radha SinghPromoter Groupsell5,000Rs 1.37 CrMarket Sale
2025-03-18Shivan SinghPromoter Groupsell5,000Rs 1.37 CrMarket Sale
2025-03-17Shivan SinghPromoter Groupsell1,000Rs 0.28 CrMarket Sale
2025-03-17Radha SinghPromoter Groupsell1,000Rs 0.28 CrMarket Sale
2025-03-13Radha SinghPromoter Groupsell32,500Rs 8.95 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹4,552 Cr +21.3% vs Jun 2025. Net profit ₹884 Cr +30.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-23Dividend - Rs 11.50 Per Share
2025-09-23Bonus 1:10.5000
2025-08-13Special Dividend - Rs 10 Per Share
2025-07-23Annual General Meeting/Dividend - Rs 20 Per Share
2024-07-24Dividend - Rs 16 Per Share
2024-07-24Annual General Meeting
2023-07-27Dividend - Rs 11 Per Share
2023-07-27Annual General Meeting
2022-07-26Dividend - Rs 10 Per Share
2022-07-26Annual General Meeting
2021-07-27 Annual General Meeting/Dividend - Rs 8.50 Per Share
2020-09-02 Annual General Meeting
2020-03-13 Interim Dividend - Rs 7 Per Share
2019-07-29 Annual General Meeting/Dividend - Rs 6.50 Per Share
2018-08-21 Annual General Meeting/Dividend- Rs 6 Per Share
2018-02-09 Buyback
2017-08-23 Annual General Meeting/Dividend - Rs 4.75 Per Share
2016-08-24 Dividend - Re 0.50/- Per Share
2016-03-18 Interim Dividend - Rs 3.65/- Per Share (Purpose Revised)
2015-08-14 Annual General Meeting/Dividend Rs 2.90 Per Share
2014-09-09Annual General Meeting / Dividend - Rs 2.70/- Per Share
2013-07-05Annual General Meeting/Dividend Rs 2.6/- Per Equity Share
2012-07-06Annual General Meeting And Dividend - Rs.1.90 Per Share
2011-07-08Annual General Meeting And Dividend Rs.1.75 Per Share
2010-07-26Final Dividend Re.1/- Per Share And Golden Jubilee Special Dividend Re.0.50 Per Share
2010-03-15Bonus 1:10.5000
2009-07-17Agm/Div-Rs.1.75 Per Share
2008-08-11Agm/Div-Rs.1.75 Per Share
2007-08-14Agm/Div-Rs.1.50/- Per Sh
2006-07-21Agm/Div-Rs.1.25/- Per Sh
DateTypeWhat it says
2026-09-29General UpdatesGeneral Updates
2026-09-28Press ReleaseA press release dated September 28, 2026, titled "Press Release ".
2026-09-18ESOPAllotment of 660480 Shares.
2026-09-15Concall / analyst meetSchedule of meet
2026-09-03General UpdatesGeneral Updates
2026-09-01Concall / analyst meetSchedule of meet
2026-09-01Regulatory actionAction(s) initiated or orders passed
2026-08-26ResignationResignation of Director/KMP/SMP
2026-08-25General UpdatesIntimation under Regulation 30 - Resignation of SMP
2026-08-24Concall / analyst meetSchedule of meet
2026-08-21ESOPAllotment of 89340 Shares.
2026-08-20Shareholder meetingWith copy of minutes of Annual General Meeting held on August 04, 2026
2026-08-19Concall / analyst meetSchedule of meet
2026-08-12UpdatesTranscript of the Earnings Call Q1FY27.
2026-08-11Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetSchedule of meet
2026-08-05UpdatesAudio Recording Q1FY27 Earnings Call.
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with...
2026-08-04General UpdatesEarnings Presentation
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Press Release".
2026-08-04Board meeting outcomePidilite Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22Regulatory actionAction(s) taken or orders passed
2026-07-21General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015.
2026-07-13General UpdatesIntimation of Q1FY27 Earnings Call
2026-07-13ESOPAllotment of 15000 Shares.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.71
Max pain (expiry 2026-10-27)1,500
Largest call open interest at1,500
Largest put open interest at1,500
Implied volatility, at the money20.8%
Underlying at snapshot1,464.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-302,679
2026-09-291,000
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Pidilite Industries Ltd?

Pidilite Industries Ltd (PIDILITIND) has a market capitalisation of Rs 1,48,809 Cr. at the 2026-10-01 close.

What is the P/E ratio of Pidilite Industries Ltd?

Pidilite Industries Ltd trades at a P/E of 56.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Pidilite Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Pidilite Industries Ltd sales was Rs 4,552 Cr (+21.3% vs Jun 2025) and net profit was Rs 884 Cr.

What is the 52-week high and low of Pidilite Industries Ltd?

The 52-week high is Rs 1,707.50 and the 52-week low is Rs 1,259.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03