PIDILITINDChemicals

Pidilite Industries Limited

Specialty Chemicals · ISIN INE318A01026 · BSE 500331 · NSE EQ · FV ₹1
Last price
₹1,552
+0.50%today
What this company does

Pidilite Industries Limited operates in Specialty Chemicals, part of the Chemicals sector. It booked ₹4,552 cr of revenue in its latest quarter (Q1 FY27) and kept 19.2% of sales as profit. It is the largest of 9 Specialty Chemicals companies we track, by market value.

In the report:
75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns91

How much profit it earns on the money it employs

Balance sheet87

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency74

Whether sales and profit have grown, and how steadily

Valuation16

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 19% net margin
Sales up 21% vs last year
Profit up 30% vs last year
Promoters hold 69%
No promoter shares pledged
Strong 32% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in PIDILITIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,552 +0.50%
latest close · 2026-09-17
1-year return
+39.3%
52-wk low ₹99452-wk high ₹1,708
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio45.3High
LowAverageHigh
P/B ratio14.58High
Below bookModerateHigh
EV / EBITDA30.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity32.2%Strong
WeakFairStrong ▸15%
Return on capital40.6%Strong
WeakFairStrong
Net margin19.2%Strong
ThinDecentStrong
EBITDA margin28.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover90.2×Strong
RiskyOkayStrong ▸5×
Current ratio2.38Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1.58 L cr
Book value
₹106
EPS
₹8.57
latest quarter
Net debt
₹-127 cr
more cash than debt
Enterprise value
₹1.58 L cr
EBITDA
₹5,201 cr
annualised
EBIT
₹4,812 cr
annualised
Operating margin
26.4%
Return on assets
22.6%
Earnings yield
2.21%
P/S
8.67
Sales / share
₹178.9
Tax rate
25.9%
Face value
₹1
Shares
101.8 cr
Working capital
₹4,947 cr
Current assets
₹8,532 cr
Current liabilities
₹3,585 cr
Delivery %
62.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹264₹266, midpoint ₹265

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,552 cr
Other Income₹92 cr
Total Income₹4,644 cr
Cost of Materials₹1,879 cr
Purchases of Stock-in-Trade₹236 cr
Inventory Change (±)₹3 cr
Employee Benefit Expense₹515 cr
Finance Costs₹13 cr
Depreciation & Amortisation₹97 cr
Other Expenses₹724 cr
Total Expenses₹3,468 cr
Exceptional Items₹14 cr
Profit before Tax₹1,190 cr
Tax Expense₹308 cr
Share of JV / Associates₹2 cr
Net Profit₹884 cr
Net margin on total income19.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,118 cr45.5%
Employee benefit expense₹515 cr11.1%
Finance costs₹13 cr0.3%
Depreciation & amortisation₹97 cr2.1%
Other expenses₹724 cr15.5%
Tax expense₹308 cr6.6%
Profit for the period₹884 cr19.0%
Total income ₹4,644 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,710 cr3,583 cr4,552 cr
Total income3,775 cr3,648 cr4,644 cr
Expenses2,930 cr2,862 cr3,468 cr
Profit before tax840 cr779 cr1,190 cr
Tax216 cr193 cr308 cr
Net profit (owners' share)618 cr579 cr872 cr
Net margin (owners' share, on revenue)16.7%16.2%19.2%
EPS (₹)6.075.698.57
YoY (latest quarter): total income +21.0% · net profit +29.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹15,433 cr
Shareholder equity
₹10,832 cr
parent shareholders
Total debt
₹106 cr
Cash
₹232 cr
Cash flow · H1 FY26
Operating
₹1,434 cr
Investing
₹84 cr
Financing
₹-1,586 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limitedthis company₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.74%
trailing 12 months
Dividend / share (TTM)
₹11.5
Last dividend
₹11.5
ex 23 Jul 2026
ActionDetailEx-date
Dividend₹11.5 / share23 Jul 2026
Bonus issue1:123 Sep 2025
Dividend₹10 / share13 Aug 2025
Dividend₹20 / share23 Jul 2025
Dividend₹16 / share24 Jul 2024
Dividend₹11 / share27 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
69.2%
FII / Foreign
11.7%
DII / Domestic
9.9%
Retail / others
9.2%
Promoter stake down 0.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldMaithili Parekh · Promoter Group1.00 L · ₹28.5 cr26 Mar 25
BoughtYogesh Anand · Employees/Designated Employees300 · ₹30025 Mar 25
BoughtSaswata Dhar · Employees/Designated Employees900 · ₹90025 Mar 25
Bulk / block deals
short · NSE38 Sep 26
short · NSE5,0341 Sep 26
short · NSE1,00031 Aug 26
Stake changes
BoughtMrudula SushilKumar Parekh · promoter→ 8.45% · 4.14 cr23 Jun 21
BoughtMrudula Sushilkumar Parekh · promoter→ 8.45% · 4.14 cr23 Jun 21
BoughtPidichem Private Limited · promoter→ 69.59%31 Mar 17
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 12 Mar 2026
See the official result
1
APPOINTMENT OF DR. NAUSHAD FORBES (DIN: 00630825) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
Backed by 93% of shareholders other than promotersneeded 75%
18.49 cr votes for, 1.42 cr against · 7% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 57 named members
owning 69.3% between them · as of 2026-06-30
Madhukar Balvantray Parekh partner representing Triveni Corporations9.42%
Narendrakumar Kalyanji Parekh partner representing J. Ben & Co.8.53%
Ajay Balvantray Parekh partner representing PBS Business Corporation7.43%
Mrudula Sushilkumar Parekh partner representing Kalva Commercial Company7.17%
Devkalyan Sales Private Ltd5.15%
Ishijas Chemicals Private Limited4.96%
Harton Private Limited2.43%
The Vacuum Forming Company Pvt Ltd2.43%
Business done with them
FY2026 · 3 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.0% of its ₹14,601 cr revenue.
MADHUKAR BALVANTRAY PAREKH
Other payments to them · Short Term Employee benefits, Purchase of shares
also owns 1.57% of the company
₹4 cr
company paid
Jessica A Parekh
Other payments to them · Short term employee benefits
₹35 L
company paid
PAREKH MARKETING LTD
Other payments to them · Rent Paid, Reimbursement of expenses made, Reimbursement of expenses received
also owns 0.17% of the company
₹12 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.