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Pidilite IndustriesBSE:500331 Stock Report

Market Cap

₹1.2t

7D

-6.5%

1Y

54.3%

Updated

24 Oct, 2021

Data

Company Financials +
500331 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

500331 Overview

Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally.

Pidilite Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pidilite Industries
Historical stock prices
Current Share Price₹2,318.55
52 Week High₹1,465.00
52 Week Low₹2,531.90
Beta0.32
1 Month Change-5.44%
3 Month Change-0.13%
1 Year Change54.32%
3 Year Change148.11%
5 Year Change219.32%
Change since IPO6,001.46%

Recent News & Updates

Shareholder Returns

500331IN ChemicalsIN Market
7D-6.5%-8.4%-3.1%
1Y54.3%63.6%61.0%

Return vs Industry: 500331 underperformed the Indian Chemicals industry which returned 63.6% over the past year.

Return vs Market: 500331 underperformed the Indian Market which returned 61% over the past year.

Price Volatility

Is 500331's price volatile compared to industry and market?
500331 volatility
500331 Beta0.32
Industry Beta0.65
Market Beta1

Stable Share Price: 500331 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 500331's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19596,376Bharat Purihttps://www.pidilite.com

Pidilite Industries Limited, together with its subsidiaries, manufactures and sells consumer and specialty chemicals in India and internationally. The company operates in two segments, Consumer & Bazaar, and Business to Business. It offers adhesives, sealants, art and craft materials, construction and paint chemicals, and others for use by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The company also provides industrial adhesives and resins, construction chemicals, organic pigments, pigment preparations, etc. for use in various industries, including packaging, joineries, textiles, paints, printing inks, paper, leather, etc. In addition, it offers specialty acetates, raw materials, etc.; and waterproofing services, as well as wood finishes.

Pidilite Industries Fundamentals Summary

How do Pidilite Industries's earnings and revenue compare to its market cap?
500331 fundamental statistics
Market Cap₹1.18t
Earnings (TTM)₹13.25b
Revenue (TTM)₹83.52b

89.0x

P/E Ratio

14.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500331 income statement (TTM)
Revenue₹83.52b
Cost of Revenue₹39.89b
Gross Profit₹43.63b
Expenses₹30.39b
Earnings₹13.25b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)26.06
Gross Margin52.24%
Net Profit Margin15.86%
Debt/Equity Ratio5.7%

How did 500331 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Pidilite Industries undervalued compared to its fair value and its price relative to the market?

88.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500331 (₹2318.55) is trading above our estimate of fair value (₹596.09)

Significantly Below Fair Value: 500331 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500331 is poor value based on its PE Ratio (89x) compared to the Indian Chemicals industry average (18.6x).

PE vs Market: 500331 is poor value based on its PE Ratio (89x) compared to the Indian market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: 500331 is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: 500331 is overvalued based on its PB Ratio (21.1x) compared to the IN Chemicals industry average (2.3x).


Future Growth

How is Pidilite Industries forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500331's forecast earnings growth (19.1% per year) is above the savings rate (6.7%).

Earnings vs Market: 500331's earnings (19.1% per year) are forecast to grow slower than the Indian market (19.3% per year).

High Growth Earnings: 500331's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500331's revenue (12.9% per year) is forecast to grow slower than the Indian market (13% per year).

High Growth Revenue: 500331's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500331's Return on Equity is forecast to be high in 3 years time (24%)


Past Performance

How has Pidilite Industries performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500331 has high quality earnings.

Growing Profit Margin: 500331's current net profit margins (15.9%) are higher than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: 500331's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: 500331's earnings growth over the past year (55.8%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: 500331 earnings growth over the past year (55.8%) exceeded the Chemicals industry 43.9%.


Return on Equity

High ROE: 500331's Return on Equity (22.8%) is considered high.


Financial Health

How is Pidilite Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 500331's short term assets (₹35.2B) exceed its short term liabilities (₹24.3B).

Long Term Liabilities: 500331's short term assets (₹35.2B) exceed its long term liabilities (₹5.6B).


Debt to Equity History and Analysis

Debt Level: 500331's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: 500331's debt to equity ratio has increased from 3% to 5.7% over the past 5 years.

Debt Coverage: 500331's debt is well covered by operating cash flow (420.6%).

Interest Coverage: 500331's interest payments on its debt are well covered by EBIT (88.8x coverage).


Balance Sheet


Dividend

What is Pidilite Industries's current dividend yield, its reliability and sustainability?

0.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500331's dividend (0.37%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 500331's dividend (0.37%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: 500331's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500331's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), 500331's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500331's dividends in 3 years are forecast to be well covered by earnings (36.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Bharat Puri (60 yo)

6.5yrs

Tenure

₹134,100,000

Compensation

Mr. Bharat Tilakraj Puri has been the Managing Director of Pidilite Industries Limited since April 10, 2015 and has been its Executive Director since May 28, 2008. Mr. Puri serves as the Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Bharat's total compensation ($USD1.79M) is above average for companies of similar size in the Indian market ($USD1.15M).

Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500331's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: 500331's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 500331 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pidilite Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pidilite Industries Limited
  • Ticker: 500331
  • Exchange: BSE
  • Founded: 1959
  • Industry: Diversified Chemicals
  • Sector: Materials
  • Market Cap: ₹1.178t
  • Shares outstanding: 508.15m
  • Website: https://www.pidilite.com

Number of Employees


Location

  • Pidilite Industries Limited
  • Ramkrishna Mandir Road
  • Off. Mathuradas Vasanji Road
  • Mumbai
  • Maharashtra
  • 400059
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 12:01
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.