Have Insiders Sold Pidilite Industries Limited (NSE:PIDILITIND) Shares Recently?

We wouldn't blame Pidilite Industries Limited (NSE:PIDILITIND) shareholders if they were a little worried about the fact that Anuja Shah, a company insider, recently netted about ₹72m selling shares at an average price of ₹1,792. That sale reduced their total holding by 16% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Pidilite Industries

Pidilite Industries Insider Transactions Over The Last Year

In fact, the recent sale by Anuja Shah was the biggest sale of Pidilite Industries shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of ₹1,686. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Pidilite Industries insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Pidilite Industries

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Pidilite Industries insiders own 52% of the company, currently worth about ₹442b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Pidilite Industries Insiders?

Insiders sold Pidilite Industries shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for Pidilite Industries and we suggest you have a look.

But note: Pidilite Industries may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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