Pidilite Industries Ltd
NSE: PIDILITIND · Specialty Chemicals · sector
₹1,478.00NSE close 2026-10-26
Key numbers
Market cap₹1,50,431 cr
Price₹1,478.00
52w high / low₹1,708 / ₹1,259
P/E56.8xSector median 22.6x
P/B13.9xSector median 2.6x
Book value₹106.4
Dividend yield1.01%Sector median 0.60%
ROE25.7%Sector median 10.6%
ROCE33.4%Sector median 12.9%
OPM24.5%Sector median 12.1%
Debt / equity0.01xSector median 0.18x
EV/EBITDA38.8xSector median 15.1x
Interest cover67.8x
Current ratio2.38x
Sales growth 3y+7.4%Sector median +5.0%
Profit growth 3y+24.4%Sector median +0.9%
PEG2.34x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,219 cr vs borrowings ₹106 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 67.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,478.00 on 2026-10-26: -13.4% from the 52-week high, +17.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,359.40 · low ₹1,307.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,235 | 3,369 | 3,141 | 3,753 | 3,554 | 3,710 | 3,583 | 4,552 |
| EBITDA | 769 | 798 | 608 | 941 | 851 | 889 | 825 | 1,208 |
| OPM % | 23.8% | 23.7% | 19.3% | 25.1% | 23.9% | 24.0% | 23.0% | 26.5% |
| Other income | 57 | 56 | 80 | 86 | 50 | 66 | 65 | 92 |
| Net profit | 535 | 552 | 422 | 672 | 579 | 618 | 579 | 872 |
| EPS (₹) | 5.25 | 5.43 | 4.15 | 6.61 | 5.69 | 6.07 | 5.69 | 8.57 |
| Revenue YoY | +9.9% | +10.1% | +14.1% | +21.3% | ||||
| Profit YoY | +8.4% | +11.9% | +37.2% | +29.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 9,921 | 11,799 | 12,383 | 13,140 | 14,601 | 15,399 |
| EBITDA | 1,847 | 1,984 | 2,636 | 2,988 | 3,505 | 3,773 |
| Net profit | 1,208 | 1,273 | 1,729 | 2,076 | 2,449 | 2,649 |
| EPS (₹) | 11.88 | 12.53 | 17.00 | 20.41 | 24.07 | 26.02 |
| Revenue growth | +18.9% | +4.9% | +6.1% | +11.1% | +14.1% | |
| Profit growth | +5.4% | +35.8% | +20.1% | +17.9% | +21.4% | |
| Dividend / share (₹) | 8.50 | 10.00 | 11.00 | 16.00 | 30.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +7.4% | +14.9% | +14.1% |
| Net profit | +24.4% | +16.7% | +21.4% |
| EPS | +24.3% | +16.7% | – |
| Share price | – | -3.0% (2y) | -3.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 7,212 | 8,407 | 9,754 | 10,832 |
| Borrowings | – | 163 | 131 | 147 | 106 |
| Cash & equivalents | – | 858 | 2,403 | 3,498 | 4,219 |
| Total assets | – | 10,525 | 12,104 | 14,011 | 15,433 |
| Fixed assets | – | 2,001 | 2,554 | 2,836 | 2,931 |
| Capital work in progress | – | 406 | 148 | 129 | 329 |
| Investments | – | 255 | 260 | 289 | 264 |
| Receivables | – | 1,535 | 1,675 | 1,811 | 2,181 |
| Inventory | – | 1,817 | 1,415 | 1,685 | 1,738 |
| Payables | – | 1,064 | 1,148 | 1,390 | 1,537 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 955 | 1,558 | 2,724 | 2,285 | 2,829 |
| Cash from investing | -558 | -899 | -1,770 | -1,540 | -1,225 |
| Cash from financing | -468 | -656 | -742 | -918 | -1,673 |
| Capex | 375 | 505 | 559 | 452 | 593 |
| Free cash flow | 581 | 1,052 | 2,166 | 1,833 | 2,237 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 17.7% | 20.6% | 21.3% | 22.6% |
| ROCE % | – | 23.9% | 28.5% | 29.0% | 30.9% |
| Debtor days | – | 47 | 49 | 50 | 55 |
| Inventory days | – | 98 | 86 | 103 | 98 |
| Payable days | – | 57 | 70 | 85 | 86 |
| Cash conversion cycle (days) | – | 88 | 65 | 68 | 67 |
| Working capital days | – | 67 | 89 | 116 | 124 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.18% |
| FIIs | 12.42% |
| DIIs | 9.21% |
| of which Mutual funds | 3.92% |
| of which Insurance | 4.06% |
| Government | 0.00% |
| Public (non-institutions) | 9.19% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 69.50% | 69.36% | 69.33% | 69.33% | 69.33% | 69.32% | 69.24% | 69.18% |
| Promoter group | % |
|---|---|
| Madhukar Balvantray Parekh partner representing Triveni Corporations | 9.41% |
| Narendrakumar Kalyanji Parekh partner representing J. Ben & Co. | 8.52% |
| Ajay Balvantray Parekh partner representing PBS Business Corporation | 7.42% |
| Mrudula Sushilkumar Parekh partner representing Kalva Commercial Company | 7.16% |
| Devkalyan Sales Private Ltd | 5.15% |
| Ishijas Chemicals Private Limited | 4.95% |
| The Vacuum Forming Company Pvt Ltd | 2.43% |
| Harton Private Limited | 2.43% |
| Pidichem Pvt Ltd | 1.76% |
| Ajay Balvantray Parekh | 1.67% |
| Madhukar Balvantray Parekh | 1.57% |
| Prakash Shah Trustee of SANMP Private Beneficiary Trust | 1.43% |
| Narendrakumar Kalyanji Parekh | 1.31% |
| Darshana Bimal Mody | 1.13% |
| Ami Ajay Parekh | 1.09% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 3.26% |
| Axis Elss Tax Saver Fund | 1.23% |
5,02,498 shareholders. Pledged: 0.00% of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| PRIVISCL | ₹13,109 cr | 37.5x | 9.3x | 27.6% | 22.6% | 24.9% | +16.8% | 0.15% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Consumer & Bazaar | ₹11,574 cr | 78.0% | ₹3,546 cr | 30.6% |
| Business to Business | ₹3,211 cr | 21.6% | ₹529 cr | 16.5% |
| Others | ₹60 cr | 0.4% | ₹-9 cr | -15.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-23 | Dividend | Dividend - Rs 11.50 Per Share |
| 2025-09-23 | Bonus | Bonus 1:1 |
| 2025-08-13 | Dividend | Special Dividend - Rs 10 Per Share |
| 2025-07-23 | Dividend | Annual General Meeting/Dividend - Rs 20 Per Share |
| 2024-07-24 | Other | Annual General Meeting |
| 2024-07-24 | Dividend | Dividend - Rs 16 Per Share |
| 2023-07-27 | Other | Annual General Meeting |
| 2023-07-27 | Dividend | Dividend - Rs 11 Per Share |
| 2022-07-26 | Dividend | Dividend - Rs 10 Per Share |
| 2022-07-26 | Other | Annual General Meeting |
| 2021-07-27 | Dividend | Annual General Meeting/Dividend - Rs 8.50 Per Share |
| 2020-09-02 | Other | Annual General Meeting |
| 2020-03-13 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2019-07-29 | Dividend | Annual General Meeting/Dividend - Rs 6.50 Per Share |
| 2018-08-21 | Dividend | Annual General Meeting/Dividend- Rs 6 Per Share |
| 2018-02-09 | Buyback | Buyback |
| 2017-08-23 | Dividend | Annual General Meeting/Dividend - Rs 4.75 Per Share |
| 2016-08-24 | Dividend | Dividend - Re 0.50/- Per Share |
| 2016-03-18 | Dividend | Interim Dividend - Rs 3.65/- Per Share (Purpose Revised) |
| 2015-08-14 | Dividend | Annual General Meeting/Dividend Rs 2.90 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Consumer & Bazaar Products Segment: The Branded Consumer & Bazaar segment encompasses various products, including Adhesives, Sealants, Art & Craft Materials and others, as well as Construction and Paint Chemicals. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices etc.
- Business to Business Products Segment: The Business-to-Business segment includes a range of products like Industrial Adhesives, Industrial Resins, Construction Chemicals (Projects), Organic Pigments, Pigment Preparations and more. This segment serves different industries such as packaging, joineries, textiles, paints, printing inks, paper, leather and others
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | PIDILITIND |
| BSE code | 500331 |
| ISIN | INE318A01026 |
| Face value | ₹1.0 |
| Incorporated | 1969-07-28 |
| Website | www.pidilite.com |
| Plants (India / abroad) | 33 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.