As of 6 Nov 2026, Pidilite Industries trades at 60.0× trailing earnings, above the industry P/E of 22.1×. Its ROCE of 28% is the second-highest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 7.4% and 24% a year over 3 years. It has almost no debt, and its dividend yield is 0.7%. It is a large-cap company with a market cap of ₹1.6 lakh crore, ranked 3rd of 204 Specialty Chemicals companies by market cap; the shares rose 6.8% over the past year.
- ₹1,539.60
- ₹1,579.00
- ₹1,530.80
- ₹1,553.60
- 6.3 L
Health check
- ReturnsIn line
+6.8% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 60.0 vs industry 22.1.
- GrowthSteady
Sales +7.4%, profit +24.4% a year over 3 years.
- ProfitabilityStrong
ROCE 28.5% vs peer median 21.0%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags1 to check
P/E of 60.0 against an industry P/E of 22.1.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.6L Cr
- Large cap
- P/E
- 60.0
- Industry 22.1
- Price to book
- 14.33
- Peers 11.23
- Dividend yield
- 0.73%
- ROE
- 25.7%
- Peers 18.5%
- ROCE
- 28.5%
- Peers 21.0%
- Debt to equity
- 0.03
- Debt ₹351 Cr
- EPS (TTM)
- ₹26.33
- Face value ₹1
- OPM (TTM)
- 23.5%
- Net margin 16.6%
- Sales growth
- +20.9%
- Latest quarter vs a year ago
- Profit growth
- +6.2%
- Latest quarter vs a year ago
- Price to sales
- 9.96
- EV/EBITDA 42.3
Strengths and risks
Strengths
- Return on equity of 25.7%.
- Return on capital employed of 28.5%.
- Practically debt-free.
- Quarterly sales up 20.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 60.0 against an industry P/E of 22.1.
About Pidilite Industries
Pidilite Industries Limited, together with its subsidiaries, engages in the consumer and industrial specialty chemicals business in India and internationally. It operates through the Consumer & Bazaar, and Business to Business segments. The Consumer & Bazaar segment offers adhesives, sealants, art and craft materials; and construction and paint chemicals for carpenters, painters, plumbers, mechanics, households, students, and offices. Its Business to…
- Headquarters
- Mumbai
- Employees
- 8,835
- Sector
- Basic Materials
- ISIN
- INE318A01026
- Website
- pidilite.com
Price range
- Avg volume (3M)
- 7.5 L
- 1-year return
- plus 6.8%
- From 52-week high
- minus 7.5%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| HSCLHimadri Speciality Chemical | 568.15 | minus 0.07% | 28,667 | 33.5 | 29.0 | 21.0% | 21.8% | 0.22 | 3.7% | plus 22.9% |
| Median of 7 peers | – | 0.42% | 55,776 | 70.9 | 44.0 | 21.0% | 24.1% | 0.22 | 4.0% | 22.9% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,753 | 3,710 | 3,583 | 4,552 | 4,298 | |
| 2,812 | 2,815 | 2,751 | 3,358 | 3,420 | |
| 941 | 894 | 833 | 1,194 | 877 | |
| 25.1% | 24.1% | 23.2% | 26.2% | 20.4% | |
| 85.9 | 65.3 | 62.8 | 94.3 | 69.5 | |
| 13.8 | 13.3 | 13.9 | 13.3 | 12.7 | |
| 96.7 | 101 | 97.1 | 97.3 | 100 | |
| – | −5.7 | −8 | 14.4 | – | |
| 916 | 840 | 777 | 1,192 | 834 | |
| 26.0% | 25.7% | 24.8% | 25.9% | 24.9% | |
| 672 | 618 | 579 | 872 | 615 | |
| 6.60 | 6.07 | 5.68 | 8.55 | 6.03 |
Profit & loss
- Sales CAGR 3Y
- +7.4%
- Profit CAGR 3Y
- +24.4%
- EPS CAGR 3Y
- +24.3%
- ROE
- 25.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11,752 | 12,337 | 13,093 | 14,551 | |
| – | +5.0% | +6.1% | +11.1% | |
| 9,730 | 9,614 | 10,069 | 11,014 | |
| 2,022 | 2,723 | 3,024 | 3,537 | |
| 17.2% | 22.1% | 23.1% | 24.3% | |
| −0.6 | 31.2 | 16.2 | 22 | |
| 47.6 | 51.2 | 50.4 | 54.2 | |
| 270 | 320 | 350 | 389 | |
| 19.4 | −3.4 | 183 | 204 | |
| 1,723 | 2,379 | 2,823 | 3,320 | |
| 25.2% | 26.6% | 25.7% | 25.6% | |
| 1,273 | 1,729 | 2,076 | 2,449 | |
| – | +35.8% | +20.1% | +17.9% | |
| 12.52 | 16.99 | 20.36 | 24.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 50.8 | 50.9 | 50.9 | 102 | |
| 7,161 | 8,356 | 9,704 | 10,730 | |
| 391 | 382 | 454 | 417 | |
| 2,922 | 3,314 | 3,803 | 4,184 | |
| 10,525 | 12,104 | 14,011 | 15,433 | |
| 2,438 | 2,732 | 2,988 | 3,291 | |
| 437 | 177 | 152 | 360 | |
| 255 | 260 | 294 | 266 | |
| 855 | 2,401 | 3,494 | 4,216 | |
| 6,540 | 6,534 | 7,084 | 7,301 | |
| 10,525 | 12,104 | 14,011 | 15,433 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,558 | 2,724 | 2,287 | 2,828 | |
| −899 | −1,769 | −1,542 | −1,224 | |
| −656 | −742 | −918 | −1,673 | |
| 2.2 | 212 | −173 | −68.4 | |
| −505 | −559 | −452 | −593 | |
| 1,052 | 2,165 | 1,834 | 2,236 | |
| −508 | −560 | −813 | −1,526 |
Shareholding pattern
- Promoters69.18%
- Public30.82%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.18% | 30.82% | minus 0.06 | |
| 30 Jun 2026 | 69.24% | 30.76% | minus 0.08 | |
| 31 Mar 2026 | 69.32% | 30.68% | minus 0.01 | |
| 31 Dec 2025 | 69.33% | 30.67% | 0.00 | |
| 30 Sep 2025 | 69.33% | 30.67% | – |
Major shareholders
Filings & events
News
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