BSE:500331

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Pidilite Industries

Executive Summary

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


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Pidilite Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500331 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

500331

1.0%

IN Chemicals

-0.2%

IN Market


1 Year Return

12.2%

500331

16.8%

IN Chemicals

0.2%

IN Market

Return vs Industry: 500331 underperformed the Indian Chemicals industry which returned 14.8% over the past year.

Return vs Market: 500331 exceeded the Indian Market which returned 0.9% over the past year.


Shareholder returns

500331IndustryMarket
7 Day0.3%1.0%-0.2%
30 Day8.0%4.1%4.8%
90 Day11.4%13.3%6.9%
1 Year12.7%12.2%19.4%16.8%2.0%0.2%
3 Year98.2%95.3%34.8%26.4%-2.4%-7.2%
5 Year176.2%168.7%138.3%118.2%39.9%29.3%

Price Volatility Vs. Market

How volatile is Pidilite Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

91.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500331 (₹1526.8) is trading above our estimate of fair value (₹280.54)

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 (91.1x) compared to the IN Chemicals industry average (15.4x).

PE vs Market: 500331 is poor value based on its PE Ratio (91.1x) compared to the Indian market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: 500331 is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: 500331 is overvalued based on its PB Ratio (17.4x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

How is Pidilite Industries forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500331's forecast earnings growth (26.4% per year) is above the savings rate (7.2%).

Earnings vs Market: 500331's earnings (26.4% per year) are forecast to grow faster than the Indian market (25.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500331's revenue (18.8% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: 500331's revenue (18.8% 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 (25.2%)


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Pidilite Industries performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500331 has high quality earnings.

Growing Profit Margin: 500331's current net profit margins (13.8%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: 500331's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: 500331's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500331 had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Chemicals industry average (-1.9%).


Return on Equity

High ROE: 500331's Return on Equity (18.1%) is considered low.


Next Steps

Financial Health

How is Pidilite Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 500331's short term assets (₹37.6B) exceed its short term liabilities (₹16.1B).

Long Term Liabilities: 500331's short term assets (₹37.6B) exceed its long term liabilities (₹2.5B).


Debt to Equity History and Analysis

Debt Level: 500331's debt to equity ratio (3.6%) is considered satisfactory.

Reducing Debt: 500331's debt to equity ratio has increased from 2.6% to 3.6% over the past 5 years.

Debt Coverage: 500331's debt is well covered by operating cash flow (756.6%).

Interest Coverage: 500331's interest payments on its debt are well covered by EBIT (28.9x coverage).


Balance Sheet


Next Steps

Dividend

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

0.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500331's dividend (0.46%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: 500331's dividend (0.46%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


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 (41.8%), 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 (39.9% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Bharat Puri (59 yo)

5.5yrs

Tenure

₹294,500,000

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 ($USD3.98M) is above average for companies of similar size in the Indian market ($USD1.36M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Madhukar Parekh
Executive Chairman of the Board5.5yrs₹38.30m10.24%
₹ 76.8b
Bharat Puri
MD, CEO & Executive Director5.5yrs₹294.50m0.066%
₹ 494.0m
Pradip Menon
Chief Financial Officer0.92yr₹26.26m0.000020%
₹ 149.9k
Debabrata Gupta
Director of Operations & Whole Time Director0.58yr₹12.70mno data
Puneet Bansal
Senior VP of Legal & Company Secretary1.75yrs₹11.25m0.000020%
₹ 149.9k
Ajay Parekh
Whole-Time Director35.33yrs₹16.40m9.33%
₹ 69.9b
Apurva Parekh
Whole-Time Director15.25yrs₹57.10m0.61%
₹ 4.5b
Pravin Chaudhari
Chief Executive Officer of Special Projects1.83yrsno datano data
Hardeep Singh
Chief Executive Officer of CC Retailno datano datano data
Giridhar Seetharam
President of Sales & Marketing-Fevicol1.83yrsno data0.00020%
₹ 1.5m
Priykant Patel
Presidentno datano data0.0013%
₹ 10.0m
Ramnarayan Mohanty
President of Technologyno datano datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Management: 500331's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Madhukar Parekh
Executive Chairman of the Board5.5yrs₹38.30m10.24%
₹ 76.8b
Bharat Puri
MD, CEO & Executive Director5.5yrs₹294.50m0.066%
₹ 494.0m
Debabrata Gupta
Director of Operations & Whole Time Director0.58yr₹12.70mno data
Ajay Parekh
Whole-Time Director35.33yrs₹16.40m9.33%
₹ 69.9b
Apurva Parekh
Whole-Time Director15.25yrs₹57.10m0.61%
₹ 4.5b
Bansidhar Mehta
Independent Non Executive Director20.25yrs₹2.39m0.0049%
₹ 36.4m
Narendrakumar Parekh
Non-Executive Vice Chairman5.5yrs₹2.75m10.68%
₹ 80.0b
Sanjeev Aga
Independent Non Executive Director9.25yrs₹2.52m0.00016%
₹ 1.2m
Uday Khanna
Independent Non Executive Director6.5yrs₹2.36m0.00098%
₹ 7.3m
Piyush Pandey
Non-Executive Independent Director2.5yrs₹2.18mno data
Meera Shankar
Independent Non Executive Director6.25yrs₹2.21mno data
Vinod Dasari
Independent Non Executive Director5.08yrs₹2.21mno data

6.4yrs

Average Tenure

68yo

Average Age

Experienced Board: 500331's board of directors are considered experienced (6.4 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 company bio, 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: ₹749.291b
  • Shares outstanding: 508.13m
  • Website: https://www.pidilite.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500331BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 1995
PIDILITINDNSEI (National Stock Exchange of India)YesEquity SharesININRMar 1995

Biography

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, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 13:00
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.