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Pidilite Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹999.37Overvalued by 23.54%vs CMP ₹1,307.00

P/E (57.4) × ROE (23.0%) × BV (₹93.90) × DY (0.77%)

₹439.23Overvalued by 66.39%vs CMP ₹1,307.00
MoS: -197.6% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,135.7322%Over (-13.1%)
Graham NumberEarnings₹218.1316%Over (-83.3%)
Earnings PowerEarnings₹137.2813%Over (-89.5%)
DCFCash Flow₹432.6113%Over (-66.9%)
Net Asset ValueAssets₹93.937%Over (-92.8%)
EV/EBITDAEnterprise₹393.109%Over (-69.9%)
Earnings YieldEarnings₹225.207%Over (-82.8%)
ROCE CapitalReturns₹199.689%Over (-84.7%)
Revenue MultipleRevenue₹193.775%Over (-85.2%)
Consensus (9 models)₹439.23100%Overvalued
Key Drivers: Wide model spread (₹94–₹1,136) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.6%

*Investments are subject to market risks

Analyst Summary

Pidilite Industries Ltd operates in the Chemicals - Speciality - Others segment, NSE: PIDILITIND | BSE: 500331, current market price is ₹1,307.00, market cap is 1,32,944 Cr.. At a glance, stock P/E is 57.4, ROE is 23.0 %, ROCE is 29.8 %, book value is 93.9, dividend yield is 0.77 %. The latest intrinsic value estimate is ₹439.23, around 66.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹13,140 Cr versus the prior period change of 6.1%, while latest net profit is about ₹2,096 Cr with a prior-period change of 20.0%. The 52-week range shown on this page is 1,575/1,277, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisPidilite Industries Ltd. is a Public Limited Listed company incorporated on 28/07/1969 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Pidilite Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

72
Pidilite Industries Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 29.8% ExcellentROE 23.0% ExcellentD/E 0.03 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.41% (6mo) Slight increasePromoter holding at 69.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (18% → 23%) Improving
Quarterly Momentum68/100 · Strong
Revenue (4Q): +10% YoY GrowingProfit (4Q): +17% YoY Positive
Industry Rank65/100 · Strong
P/E 57.4 vs industry 64.9 In-lineROCE 29.8% vs industry 13.0% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:30 am

Market Cap 1,32,944 Cr.
Current Price 1,307
Intrinsic Value₹439.23
High / Low 1,575/1,277
Stock P/E57.4
Book Value 93.9
Dividend Yield0.77 %
ROCE29.8 %
ROE23.0 %
Face Value 1.00
PEG Ratio4.21

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pidilite Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Pidilite Industries Ltd 1,32,944 Cr. 1,307 1,575/1,27757.4 93.90.77 %29.8 %23.0 % 1.00
Apar Industries Ltd 39,263 Cr. 9,774 11,648/4,27039.6 1,2080.52 %32.7 %19.5 % 10.0
Gujarat Fluorochemicals Ltd 35,534 Cr. 3,235 4,054/2,91753.3 6930.09 %9.89 %8.29 % 1.00
Himadri Speciality Chemical Ltd 22,545 Cr. 447 534/35131.9 80.60.13 %22.0 %16.4 % 1.00
Aarti Industries Ltd 14,917 Cr. 411 495/33840.2 1580.24 %6.32 %6.03 % 5.00
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Pidilite Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,9982,6893,2753,0763,1302,9023,3953,2353,3693,1413,7533,5543,710
Expenses 2,5022,2322,5692,3982,3882,3272,5832,4672,5712,5092,8122,7042,816
Operating Profit 496458706678742575812768798632941850894
OPM % 17%17%22%22%24%20%24%24%24%20%25%24%24%
Other Income 723233237-2354575655865060
Interest 15121213131312121214141313
Depreciation 69767375791138488909797100101
Profit before tax 419393644622687426770725752576916787840
Tax % 27%27%26%26%26%29%26%25%26%26%26%26%26%
Net Profit 308286474459511304571540557428678585624
EPS in Rs 2.992.784.604.435.022.965.575.265.434.156.615.696.07

Last Updated: February 7, 2026, 12:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:52 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,2834,8445,3615,6176,0787,0787,2947,2939,92111,79912,38313,14014,159
Expenses 3,6114,0734,1884,3554,7375,7075,7185,6068,0659,8139,67510,13010,841
Operating Profit 6727711,1731,2621,3411,3711,5761,6861,8561,9862,7083,0113,317
OPM % 16%16%22%22%22%19%22%23%19%17%22%23%23%
Other Income 3840811151531309774395563221251
Interest 16161314162634374248515055
Depreciation 81118100115120133170201240270341358394
Profit before tax 6126781,1411,2481,3591,3421,4701,5221,6141,7232,3792,8233,120
Tax % 27%25%29%31%29%31%24%26%25%25%27%26%
Net Profit 4505148078639669281,1221,1261,2071,2891,7472,0962,314
EPS in Rs 4.395.007.838.399.489.1010.9911.1311.8812.5217.0020.4122.52
Dividend Payout % 31%29%26%28%32%36%32%38%42%44%47%49%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.22%57.00%6.94%11.94%-3.93%20.91%0.36%7.19%6.79%35.53%19.98%
Change in YoY Net Profit Growth (%)0.00%42.78%-50.06%5.00%-15.87%24.84%-20.55%6.84%-0.40%28.74%-15.55%

Pidilite Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:10%
TTM:8%
Compounded Profit Growth
10 Years:15%
5 Years:13%
3 Years:20%
TTM:17%
Stock Price CAGR
10 Years:19%
5 Years:17%
3 Years:3%
1 Year:-3%
Return on Equity
10 Years:24%
5 Years:22%
3 Years:22%
Last Year:23%

Last Updated: September 4, 2025, 9:30 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 515151515151515151515151102
Reserves 1,9012,2192,5873,4203,5234,0974,4055,5426,3537,1618,3569,7049,452
Borrowings 46588098125113288331416391382454443
Other Liabilities 9309869961,2021,5001,6431,7792,8902,6752,9023,2863,7753,901
Total Liabilities 2,9283,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98413,898
Fixed Assets 7299781,1371,2751,3421,4481,8074,4184,7034,9145,4515,7055,760
CWIP 458462158148228242259294225406148129155
Investments 2603707061,4431,2461,5481,1865164598812,2353,5513,304
Other Assets 1,4811,5051,7131,9042,3832,6663,2703,5864,1074,3044,2424,5984,679
Total Assets 2,9283,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98413,898

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3945529077947968451,2801,3929551,5582,7242,287
Cash from Investing Activity + -99-436-491-87939-513103-1,688-558-899-1,769-1,542
Cash from Financing Activity + -242-165-37141-790-361-849-76-468-656-742-918
Net Cash Flow 54-4945-4546-29533-372-712212-173
Free Cash Flow 2041437426715245918361,0405811,0602,1711,839
CFO/OP 83%94%104%92%91%91%106%105%76%99%124%100%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow626.00713.00-79.00-97.00-124.00-112.00-287.00-330.00-415.00-390.00-380.00-451.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 454448505654546653474950
Inventory Days 938889100102951001331149886103
Days Payable 5445535469596710970577085
Cash Conversion Cycle 848684968990889196886668
Working Capital Days 292736404948362343401919
ROCE %33%32%45%39%36%33%33%28%25%24%30%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.94%69.91%69.86%69.84%69.78%69.75%69.60%69.59%69.49%69.35%69.33%69.32%
FIIs 10.61%11.34%11.44%11.49%11.31%11.59%11.96%11.79%11.60%12.13%12.08%12.01%
DIIs 8.45%7.92%8.01%8.32%8.93%8.97%8.89%9.15%9.43%9.15%9.15%9.21%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
Public 10.98%10.82%10.70%10.36%10.00%9.71%9.55%9.46%9.47%9.36%9.43%9.40%
No. of Shareholders 6,18,3275,97,0296,00,1175,77,3825,41,1145,23,2925,08,9665,08,9185,17,6185,02,2575,17,1205,21,850

Shareholding Pattern Chart

No. of Shareholders

Pidilite Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis ELSS Tax Saver Fund 5,002,712 2.17 715.945,108,3602025-12-08 03:52:34-2.07%
ICICI Prudential Focused Equity Fund 3,401,342 3.26 486.773,300,7322026-02-23 00:52:053.05%
Axis Large Cap Fund 3,048,767 1.35 436.313,718,5152025-12-15 02:00:23-18.01%
Axis Focused Fund 2,931,176 3.69 419.483,123,9762025-12-15 02:00:23-6.17%
UTI Flexi Cap Fund 1,730,000 1.05 247.58982,7282025-12-07 00:11:3876.04%
ICICI Prudential Balanced Advantage Fund 1,695,558 0.34 242.651,795,5582026-02-23 00:30:03-5.57%
Mirae Asset Large Cap Fund 1,625,196 0.58 232.58634,0002025-12-07 00:11:38156.34%
Mirae Asset ELSS Tax Saver Fund 1,344,718 0.74 192.44N/AN/AN/A
ICICI Prudential Innovation Fund - Direct Fund 1,215,604 2.29 173.971,363,8462026-02-23 01:36:59-10.87%
ICICI Prudential Value Fund 1,052,992 0.25 150.69N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 40.8234.0125.0523.7622.26
Diluted EPS (Rs.) 40.7333.9825.0323.7622.24
Cash EPS (Rs.) 48.3341.1330.5328.2226.03
Book Value[Excl.RevalReserv]/Share (Rs.) 191.79165.30146.49129.90114.78
Book Value[Incl.RevalReserv]/Share (Rs.) 191.79165.30146.49129.90114.78
Revenue From Operations / Share (Rs.) 258.36243.47232.13195.18143.50
PBDIT / Share (Rs.) 64.0955.9840.0237.0634.63
PBIT / Share (Rs.) 57.0449.2834.7132.3430.68
PBT / Share (Rs.) 55.5646.8633.7731.5129.88
Net Profit / Share (Rs.) 41.2834.4425.2323.5122.08
NP After MI And SOA / Share (Rs.) 40.8234.0025.0523.7622.26
PBDIT Margin (%) 24.8022.9917.2318.9824.13
PBIT Margin (%) 22.0720.2314.9516.5721.38
PBT Margin (%) 21.5019.2414.5416.1420.82
Net Profit Margin (%) 15.9714.1410.8612.0415.38
NP After MI And SOA Margin (%) 15.8013.9610.7912.1715.51
Return on Networth / Equity (%) 21.2820.5717.6518.8520.22
Return on Capital Employeed (%) 27.0526.9321.7422.8624.38
Return On Assets (%) 14.8114.2812.0912.6912.81
Total Debt / Equity (X) 0.010.010.020.040.03
Asset Turnover Ratio (%) 1.011.091.100.960.87
Current Ratio (X) 2.272.091.891.731.44
Quick Ratio (X) 1.761.581.140.990.93
Inventory Turnover Ratio (X) 8.487.663.283.202.59
Dividend Payout Ratio (NP) (%) 39.1932.3439.9235.760.00
Dividend Payout Ratio (CP) (%) 33.4227.0132.9429.840.00
Earning Retention Ratio (%) 60.8167.6660.0864.24100.00
Cash Earning Retention Ratio (%) 66.5872.9967.0670.16100.00
Interest Coverage Ratio (X) 64.7455.6142.6944.7647.27
Interest Coverage Ratio (Post Tax) (X) 43.1936.6227.9129.4031.24
Enterprise Value (Cr.) 144929.67153137.90119713.90124936.5191984.14
EV / Net Operating Revenue (X) 11.0312.3710.1512.5912.61
EV / EBITDA (X) 44.4653.7958.8666.3352.26
MarketCap / Net Operating Revenue (X) 11.0312.3810.1412.5812.61
Retention Ratios (%) 60.8067.6560.0764.2399.99
Price / BV (X) 14.8618.2416.5919.4916.45
Price / Net Operating Revenue (X) 11.0312.3810.1412.5812.61
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Pidilite Industries Ltd. is a Public Limited Listed company incorporated on 28/07/1969 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24100MH1969PLC014336 and registration number is 014336. Currently Company is involved in the business activities of Manufacture of gelatine and its derivatives, resinoids, glues, prepared adhesives, including rubber-based glues and adhesives. Company's Total Operating Revenue is Rs. 12072.70 Cr. and Equity Capital is Rs. 50.86 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersRegent Chambers,7th Floor, Jamnalal Bajaj Marg, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. M B ParekhExecutive Chairman
Mr. A N ParekhExecutive Vice Chairman
Mr. A B ParekhNon Executive Vice Chairman
Mr. Bharat PuriNon Exe.Non Ind.Director
Mr. Sudhanshu VatsManaging Director
Mr. Kavinder SinghJoint Managing Director
Mr. Sandeep BatraExecutive Director (Finance) & CFO
Mr. Joseph VargheseDirector - Operations
Mr. Rajeev VasudevaIndependent Director
Mr. Vinod DasariIndependent Director
Mr. Piyush PandeyIndependent Director
Mr. Murali SivaramanIndependent Director
Mr. Rajeev GuptaIndependent Director
Mr. J S DeepakIndependent Director
Mrs. Meena GaneshIndependent Director
Dr. Vivek RaghavanIndependent Director

FAQ

What is the intrinsic value of Pidilite Industries Ltd and is it undervalued?

As of 22 April 2026, Pidilite Industries Ltd's intrinsic value is ₹439.23, which is 66.39% lower than the current market price of ₹1,307.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (23.0 %), book value (₹93.9), dividend yield (0.77 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pidilite Industries Ltd?

Pidilite Industries Ltd is trading at ₹1,307.00 as of 22 April 2026, with a FY2026-2027 high of ₹1,575 and low of ₹1,277. The stock is currently near its 52-week low. Market cap stands at ₹1,32,944 Cr..

How does Pidilite Industries Ltd's P/E ratio compare to its industry?

Pidilite Industries Ltd has a P/E ratio of 57.4, which is below the industry average of 64.87. This is broadly in line with or below the industry average.

Is Pidilite Industries Ltd financially healthy?

Key indicators for Pidilite Industries Ltd: ROCE of 29.8 % indicates efficient capital utilization; ROE of 23.0 % shows strong shareholder returns. Dividend yield is 0.77 %.

Is Pidilite Industries Ltd profitable and how is the profit trend?

Pidilite Industries Ltd reported a net profit of ₹2,096 Cr in Mar 2025 on revenue of ₹13,140 Cr. Compared to ₹1,207 Cr in Mar 2022, the net profit shows an improving trend.

Does Pidilite Industries Ltd pay dividends?

Pidilite Industries Ltd has a dividend yield of 0.77 % at the current price of ₹1,307.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 2:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500331 | NSE: PIDILITIND
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Pidilite Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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