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Pidilite Industries Ltd

Updated on January 19, 2020

Stock/Share Code - PIDILITIND

Pidilite Industries is engaged in manufactures/provides Adhesives & Sealants, Construction Chemicals/ Paint Chemicals, Art & Craft Materials.(Source : 201903 Annual Report Page No: 85)

Below is the details of PIDILITIND Pidilite Industries Ltd

Market Cap₹66,190 Cr.
Current Price ₹1,319.55 as on 10 Dec 19
52 Week High / Low Price₹1,494.9 / ₹1,046.2
Face Value₹1
Stock P/E60.26
Book Value₹86.7
Dividend Yield0.50 %
ROCE34.90 %
ROE24.70 %
Sales Growth (3yrs)8.81 %
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 26.51% Company has been maintaining a healthy dividend payout of 32.36%
Cons: Stock is trading at 15.03 times its book value The company has delivered a poor growth of 9.46% over past five years.

Pidilite Industries Ltd Price Chart

Pidilite Industries Ltd Price Chart

Pidilite Industries Ltd Peer Comparison in Chemicals

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Pidilite Inds. 60.26 ₹66,189.78 Cr. 0.50 ₹324.09 Cr. 40.24 3.56 1571.72 34.90
2. Tata Chemicals ₹651.15 14.77 ₹17,244.7 Cr. 1.85 ₹355 Cr. 10.34 4.15 3083.50 10.41
3. Godrej Inds. ₹3.25 20.50 ₹14,703.56 Cr. 0.26 ₹310.34 Cr. 128.43 3.56 2628.71 13.23
4. Aarti Inds. ₹514.35 27.39 ₹14,699.29 Cr. 0.65 ₹142.19 Cr. 15.68 -21.58 1019.04 18.11
5. Castrol India ₹130.25 18.13 ₹13,921.9 Cr. 3.55 ₹188.4 Cr. 25.27 -8.38 849.20 100.60
6. Solar Inds. ₹6 32.39 ₹9,573.4 Cr. 0.66 ₹84.36 Cr. 62.42 -2.75 506.56 26.50
7. Fine Organic ₹1,856.8 36.10 ₹5,589.62 Cr. 0.38 ₹57.03 Cr. 74.30 3.09 274.02 43.16
8. Linde India ₹621.25 51.41 ₹5,556.42 Cr. 0.23 ₹36.94 Cr. 253.83 -25.73 409.67 5.64

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Pidilite Industries Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
YOY Sales Growth %-2.81%4.28%-1.49%11.79%20.39%12.46%19.16%11.28%15.55%8.25%10.61%3.56%
Material Cost %46.84%46.24%48.87%46.51%46.82%47.09%49.54%50.36%52.29%48.74%48.44%46.3%
Employee Cost %11.37%11%10.7%10.8%10.13%10.97%10.33%10.67%10.36%12.39%11.17%11.87%
Operating Profit278254306373358255358347326262418351
OPM %24%22%23%27%26%20%22%23%20%19%24%22%
Other Income26-6635351947644431533935
Profit before tax280164317383353278397365332283426352
Tax %27%57%32%32%32%14%33%33%32%14%33%8%
Net Profit20471217261239238267245225243288324
EPS in Rs3.981.394.235.094.664.695.264.824.424.795.666.38

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales Growth %33.15%14.71%9.72%22.5%18.98%18.3%16.4%13.4%7.57%2.84%10.05%13.83%%
Material Cost %43.41%46.4%39.17%52.69%55.66%54.65%55.18%43.89%48.24%46.49%47.4%50.28%%
Manufacturing Cost %20%20.91%20.34%8.4%8.26%8.16%7.57%19.33%7.75%2.06%2.98%2.88%%
Employee Cost %8.49%8.75%9.5%9.57%9.27%9.04%9.41%9.42%9.66%10.43%10.66%10.89%%
Other Cost %11.3%11.05%11.29%10.61%9.98%10.02%10.66%10.4%11.2%15.8%14.81%14.76%%
Operating Profit2582273814434746046667461,0951,2271,2931,2921,357
OPM %17%13%20%19%17%18%17%17%23%25%24%21%21%
Other Income22222729437743406814136192157
Profit before tax2241633293974446206316691,0701,1451,3311,3761,393
Tax %16%10%12%24%25%26%26%25%30%32%28%29%
Net Profit1881462893043354614695027477749559791,080
EPS in Rs3.572.745.465.726.288.558.689.2013.2315.0918.8119.2821.25
Dividend Payout %24%30%26%29%29%29%30%30%28%31%32%34%

Compounded Sales Growth

  • 10 Years:: 13.22%
  • 5 Years:: 9.46%
  • 3 Years:: 8.81%
  • TTM:: 9.41%

Compounded Profit Growth

  • 10 Years:: 20.53%
  • 5 Years:: 15.59%
  • 3 Years:: 8.55%
  • TTM:: 11.10%

Return on Equity

  • 10 Years:: 29.45%
  • 5 Years:: 22.06%
  • 3 Years:: 26.61%
  • 1 Year:: 12.01%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital28255151515151515151515151
Preference Capital2.8700000000000
Equity Capital25.3125.3150.6150.6150.7751.2651.2651.2751.2751.2750.7850.850.8
Other Liabilities2983344785826737968579298389241,0941,1921,315
Trade Payables66.8252.57111.43142.89170.23213.05303.15301.29531.79330.35433.92455.7526.92
Total Liabilities1,4401,6261,8382,0082,3092,5892,9043,2843,4904,3234,6585,3785,785
Fixed Assets3844354174414965346118289179409409511,064
Gross Block681.49777.83806.39872972.351060.71205.521543.991623.51729.381810.81880.77
Accumulated Depreciation297.35343.28388.92431.03476.42526.99594.22716.16706.94789.81870.73930.11
Other Assets7307126338411,1091,1001,2881,2961,3191,4641,7682,0092,071
Trade receivables223.84241.3238.76286.59326.12366.76453.6514.58550.71607.65689.59774.98870.95
Cash Equivalents148.55127.0833.1292.32257.72136.82145.1848.172.2550.4777.76117.18171.42
Loans n Advances92.49114.53110.0888.52103.8365.15110.6389.8399.57125.9223.41179.7643.47
Other Assets etc00018.8225.0979.8570.03108.31101.9123.49146.53202.43305.42
Total Assets1,4401,6261,8382,0082,3092,5892,9043,2843,4904,3234,6585,3785,785

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity128260430298371511398573907809799853
Profit from operations276.36261.89404.39483.55515.68661.62689.31775.081151.351259.581332.731347.44
Working Capital Changes-104.7339.994.51-106.93-45.964.45-127.95-31.5156.3-90.42-119.23-108.35
Taxes paid-43.75-41.56-68.99-78.61-98.98-154.81-163.22-170.1-300.47-360.06-414.04-385.94
Cash from Investing Activity-291-228-337-36-243-191-140-445-469-79124-488
Fixed Assets Purchased-211.01-151.72-74.14-119.28-136.06-124.18-171.03-385.83-120.59-101.23-125.44-201.4
Fixed Assets Sold2.571.331.091.3810.180.130.560.2310.640.8342.19
Capital WIP0000-6.630000000
Investments purchased-212.76-269.08-1081.73-1277.28-1253.66-1734.67-1177-1536.4-2405.1-3116-2175.34-2333.38
Investments sold128.99190.56813.821374.811322.241530.551163.441421.882051.052496.112458.362078.81
Cash from Financing Activity288-54-187-222-138-330-221-173-409-37-803-371
Proceeds from Shares00000000000.010.01
Proceeds from Borrowings172.82000007.6900000
Repayment of Borrowings0-145.18-99.61-109.89-170.36-153.5-60.24-1.90000
Interest Paid00-26.43-23.66-12.47-64.72-11.98-9.51-5.84-5.68-6.06-7.14
Dividends Paid-44.25-51.27-51.85-88.51-103.01-112.17-156-161.91-403.22-31.63-293-363.47
Net Cash Flow125-21-9439-10-1037-4429-1919-6

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %28%17%27%30%31%35%33%31%43%41%38%35%
Debtor Days535045444240434342464746
Inventory Turnover6.637.128.067.827.507.868.098.439.

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