Pidilite Industries Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Kavinder Singh
Chief executive officer
₹91.9m
Total compensation
| CEO salary percentage | 34.28% |
| CEO tenure | 1.3yrs |
| CEO ownership | n/a |
| Management average tenure | 2yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
Narrative Update • Jun 26
PIDILITIND: Future Dividend Policy Will Support A More Attractive Entry
Analysts have lowered their fair value estimate for Pidilite Industries from ₹2,615.67 to ₹1,915.00, citing updated assumptions around discount rate, revenue growth, profit margins and future P/E expectations. What’s in the News for Pidilite Industries A board meeting is scheduled for May 07, 2026, to consider and record audited financial results for the year ended March 31, 2026, and to consider a potential dividend recommendation on the company’s equity shares.
Narrative Update • May 30
PIDILITIND: Fair Outlook Will Depend On Upcoming Dividend Decision
Analysts have raised their fair value estimate for Pidilite Industries from ₹1,549.84 to ₹1,620.05, citing updated assumptions for revenue growth, profit margins, a slightly adjusted discount rate, and a lower future P/E multiple of 66.15x compared with 71.54x previously. What's in the News A board meeting is scheduled on May 7, 2026 to consider audited financial results for the year ended March 31, 2026 and to consider a dividend recommendation on equity shares (company filing).Analysis Article • May 10
Pidilite Industries Limited (NSE:PIDILITIND) Just Released Its Annual Earnings: Here's What Analysts Think
Investors in Pidilite Industries Limited ( NSE:PIDILITIND ) had a good week, as its shares rose 7.3% to close at ₹1,476...Narrative Update • May 07
PIDILITIND: Stable Outlook Will Rely On Upcoming Board And Governance Decisions
Analysts have kept their fair value estimate for Pidilite Industries steady at ₹1,549.84 per share. Only minor tweaks to the discount rate and future P/E assumptions have shaped this unchanged target.Narrative Update • Apr 21
PIDILITIND: Upcoming Board Actions Will Support Constructive Long Term Outlook
Analysts have trimmed their fair value estimate for Pidilite Industries from about ₹1,619 to around ₹1,550, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Board meeting scheduled for May 7, 2026, to consider and record audited financial results for the year ended March 31, 2026, and to consider recommending a dividend on the equity shares (company filing).Narrative Update • Apr 06
PIDILITIND: Upcoming Governance And Earnings Milestones Will Support Constructive Outlook
Analysts have made a small upward tweak to their price target for Pidilite Industries, with fair value moving from about ₹1,616.90 to roughly ₹1,619.05 as they factor in a slightly lower discount rate, modest adjustments to revenue growth and margin expectations, and a marginally lower assumed future P/E multiple. What's in the News Pidilite Industries has scheduled a Board Meeting on Feb 3, 2026, to consider and take on record the unaudited financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 21
“Pidilite: Strong Business, But Crude Changed the Story”
Earlier the stock was around ₹1,460 , and at that time it was trading at a very high valuation because margins were strong and stable. The market was assuming that EBITDA margins will continue around 22–23% without much pressure.New Narrative • Feb 28
High quality compounder, but current valuation leaves limited margin of safety.
Pidilite – A Business That Quietly Compounds When I first looked at Pidilite, I did not see just an adhesive company. I saw a business that has become part of how Indian homes are built and maintained.Analysis Article • Feb 06
Pidilite Industries Limited (NSE:PIDILITIND) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Investors in Pidilite Industries Limited ( NSE:PIDILITIND ) had a good week, as its shares rose 2.8% to close at ₹1,470...Narrative Update • Feb 05
PIDILITIND: Fair Outlook Will Reflect Modest Revisions And Upcoming Results
Analysts have trimmed their price target for Pidilite Industries from ₹1,713.50 to ₹1,616.90, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Pidilite Industries has scheduled a board meeting for February 3, 2026, to consider and take on record the unaudited financial results for the third quarter and nine months ended December 31, 2025 (company filing).Analysis Article • Jan 17
Here's Why We Think Pidilite Industries (NSE:PIDILITIND) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jan 01
Is Pidilite Industries (NSE:PIDILITIND) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 17
There's Reason For Concern Over Pidilite Industries Limited's (NSE:PIDILITIND) Price
With a price-to-earnings (or "P/E") ratio of 67.3x Pidilite Industries Limited ( NSE:PIDILITIND ) may be sending very...Narrative Update • Dec 09
PIDILITIND: Upcoming Stock Split Will Support Strong Bullish Trend
Analysts have marginally trimmed their price target on Pidilite Industries to ₹1,713.50 from ₹1,715.75, reflecting slightly softer long term margin and valuation assumptions while keeping their overall growth outlook largely intact. What's in the News Board meeting scheduled on October 30, 2025, to consider and approve unaudited financial results for Q2 FY2025, covering the quarter ended September 30, 2025 (company filing) Planned 2:1 stock split or significant stock dividend effective September 23, 2025, aimed at improving share liquidity and retail participation (company filing) Valuation Changes The consensus analyst price target has edged down slightly to ₹1,713.50 from ₹1,715.75, indicating a marginally lower fair value estimate.Narrative Update • Nov 25
PIDILITIND: Upcoming Stock Split Will Drive Renewed Bullish Momentum
Analysts have raised their price target for Pidilite Industries from ₹1,637.55 to ₹1,715.75. This change reflects updated assessments of its valuation metrics and forward earnings outlook.Analysis Article • Nov 02
Earnings Miss: Pidilite Industries Limited Missed EPS By 7.6% And Analysts Are Revising Their Forecasts
Shareholders might have noticed that Pidilite Industries Limited ( NSE:PIDILITIND ) filed its half-year result this...Analysis Article • Oct 11
Under The Bonnet, Pidilite Industries' (NSE:PIDILITIND) Returns Look Impressive
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Sep 24
Rural Markets And Premium Products Will Redefine Industry Landscape
Despite only marginal changes in both the discount rate and future P/E, Pidilite Industries' consensus analyst price target has been sharply revised downward from ₹3,275 to ₹1,638. What's in the News Stock split approved at a 2:1 ratio.Analysis Article • Sep 23
If EPS Growth Is Important To You, Pidilite Industries (NSE:PIDILITIND) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Sep 05
Rural Markets And Premium Products Will Redefine Industry Landscape
With both the discount rate and future P/E holding nearly steady, analysts have maintained Pidilite Industries’ fair value estimate at ₹3275. What's in the News Special/Extraordinary Shareholders Meeting via postal ballot scheduled for September 11, 2025.Analysis Article • Aug 09
Pidilite Industries Limited Just Beat EPS By 7.5%: Here's What Analysts Think Will Happen Next
It's been a good week for Pidilite Industries Limited ( NSE:PIDILITIND ) shareholders, because the company has just...Analysis Article • Aug 01
These 4 Measures Indicate That Pidilite Industries (NSE:PIDILITIND) Is Using Debt Safely
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jul 19
Pidilite Industries' (NSE:PIDILITIND) Promising Earnings May Rest On Soft Foundations
Pidilite Industries Limited's ( NSE:PIDILITIND ) robust earnings report didn't manage to move the market for its stock...Analysis Article • Jul 07
Investor Optimism Abounds Pidilite Industries Limited (NSE:PIDILITIND) But Growth Is Lacking
Pidilite Industries Limited's ( NSE:PIDILITIND ) price-to-earnings (or "P/E") ratio of 75.5x might make it look like a...
New Narrative • Nov 07
Rural Expansion And Tactical Alliances Propel Company Into A Bright Future
Pidilite's strategic expansion in rural markets and B2B sectors positions it for sustainable revenue and earnings growth.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | ₹24b |
| Dec 31 2025 | n/a | n/a | ₹23b |
| Sep 30 2025 | n/a | n/a | ₹22b |
| Jun 30 2025 | n/a | n/a | ₹22b |
| Mar 31 2025 | ₹92m | ₹32m | ₹21b |
Compensation vs Market: Kavinder's total compensation ($USD964.95K) is about average for companies of similar size in the Indian market ($USD1.10M).
Compensation vs Earnings: Insufficient data to compare Kavinder's compensation with company performance.
CEO
Kavinder Singh (61 yo)
1.3yrs
Tenure
₹91,900,000
Compensation
Mr. Kavinder Singh serves as a Vice Chairman at Holiday Club Resorts Oy. He has been the Managing Director and Chief Executive Officer of Mahindra Holidays & Resorts India Limited (formerly known as Mahind...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 53.9yrs | ₹40.30m | 10.99% ₹ 178.7b | |
| Joint MD & Executive Director | 1.3yrs | ₹91.90m | no data | |
| MD & Director | 1.3yrs | ₹105.00m | 0.0091% ₹ 148.0m | |
| Executive Vice Chairman | 21yrs | ₹100.30m | 0.57% ₹ 9.4b | |
| Executive Director of Finance | 4.1yrs | ₹49.00m | 0.00063% ₹ 10.2m | |
| Chief Information & Digital Officer | 2.4yrs | no data | no data | |
| Chief Marketing Officer | 1.8yrs | no data | no data | |
| Chief Strategy & Business Development Officer of Construction Chemicals | no data | no data | 0.0032% ₹ 51.9m | |
| Chief Business Officer of International Operations | no data | no data | no data | |
| Chief Business Officer of Consumer Products | 2yrs | no data | 0.00083% ₹ 13.5m | |
| Chief Procurement Officer | no data | no data | 0.0011% ₹ 17.7m | |
| Chief Research & Development Officer | 7.5yrs | no data | 0.0013% ₹ 20.3m |
2.0yrs
Average Tenure
61yo
Average Age
Experienced Management: PIDILITIND's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 53.9yrs | ₹40.30m | 10.99% ₹ 178.7b | |
| Joint MD & Executive Director | 2.2yrs | ₹91.90m | no data | |
| MD & Director | 4.2yrs | ₹105.00m | 0.0091% ₹ 148.0m | |
| Executive Vice Chairman | 21yrs | ₹100.30m | 0.57% ₹ 9.4b | |
| Executive Director of Finance | 3.7yrs | ₹49.00m | 0.00063% ₹ 10.2m | |
| Director of Operations & Whole Time Director | less than a year | no data | 0.00010% ₹ 1.6m | |
| Non-Executive Non-Independent Director | 18.2yrs | ₹191.80m | no data | |
| Non-Executive Vice Chairman | 41.1yrs | ₹4.41m | 9.1% ₹ 148.0b | |
| Independent Director | 2.5yrs | ₹4.29m | no data | |
| Non-Executive & Independent Director | 5.8yrs | ₹4.50m | no data | |
| Independent Director | 2.2yrs | ₹3.68m | no data | |
| Independent Director | 2yrs | ₹3.05m | no data |
3.9yrs
Average Tenure
65yo
Average Age
Experienced Board: PIDILITIND's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 21:41 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Pidilite Industries Limited is covered by 35 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ranjit Cirumalla | 360 ONE Capital Market Private Limited |
| Nitin Bhasin | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |