āagman

Not investment advice. Data and computed figures, for information only.

Pidilite Industries Ltd

NSE: PIDILITINDF&O
₹1,505.00
+₹5.50 (+0.37%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,50,948 Cr
CMP
₹1,505.00
52-wk High / Low
₹1,708 / 1,259
P/E
57.0
P/B
14.0
Book Value
₹106.0
Div Yield
0.78%
ROCE
31.0%
ROE
23.9%
Face Value
₹1
D/E
0.04

Price−0.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹240
√(22.5 × EPS × book value per share)
ROIC
20.7%
vs 7.5% sector median
Cash flow to profit
1.14
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+116
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.3%
ROE × earnings retention ratio
ROE stability
1.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.08FII −0.06DII +0.25
Latest quarter vs the previous one
Cash-accrual divergence
−2.4%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 24% vs the 2023 sector median of 18%)
+Price trades above its 200-day moving average (1.0x)
+Annualised volatility of 22.8% is in the low band (≤25%)
+FII holding rose by 1.1pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Borrowings are up 421.3% since FY2016 (80 to 417)
−Promoter holding fell by 0.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,2753,0763,1302,9023,3953,2353,3693,1413,7533,5543,7103,5834,552
Expenses2,5692,3982,3882,3272,5832,4672,5712,5092,8122,7042,8162,7533,358
Operating Profit7066787425758127687986329418508948311,194
OPM %21.6%22.0%23.7%19.8%23.9%23.7%23.7%20.1%25.1%23.9%24.1%23.2%26.2%
Other Income233237−235457565586506057109
Interest12131313121212141413131413
Depreciation73757911384889097971001019797
Profit before tax6446226874267707257525769167878407771,192
Net Profit474459511304571540557428678585624584884
EPS (₹)4.604.435.022.965.575.265.434.156.615.696.075.698.57

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,8445,3615,6176,0787,0787,2947,2939,92111,79912,38313,14014,60115,399
Expenses4,0734,1884,3554,7375,7075,7185,6068,0659,8139,67510,13011,08011,630
Operating Profit7711,1731,2621,3411,3711,5761,6861,8561,9862,7083,0113,5213,769
OPM %15.9%21.9%22.5%22.1%19.4%21.6%23.1%18.7%16.8%21.9%22.9%24.1%24.5%
Other Income40811151531309774395563221248275
Interest16131416263437424851505454
Depreciation118100115120133170201240270341358395395
Profit before tax6781,1411,2481,3591,3421,4701,5221,6141,7232,3792,8233,3203,596
Net Profit5148078639669281,1221,1261,2071,2891,7472,0962,4712,676
EPS (₹)5.007.838.399.489.1010.9911.1311.8812.5217.0020.4124.0626.02

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5151515151515151515151102—
Reserves2,2192,5873,4203,5234,0974,4055,5426,3537,1618,3569,70410,730—
Borrowings588098125113288331416391382454417—
Other Liabilities9869961,2021,5001,6431,7792,8902,6752,9023,2863,7754,149—
Total Liabilities3,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98415,399—
Fixed Assets9781,1371,2751,3421,4481,8074,4184,7034,9145,4515,7055,774—
CWIP462158148228242259294225406148129329—
Investments3707061,4431,2461,5481,1865164598812,2353,5514,350—
Other Assets1,5051,7131,9042,3832,6663,2703,5864,1074,3044,2424,5984,947—
Total Assets3,3153,7144,7705,1995,9046,5238,8149,49410,50512,07613,98415,399—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3945529077947968451,2801,3929551,5582,7242,2872,828
Cash from Investing Activity−99−436−491−87939−513103−1,688−558−899−1,769−1,542−1,224
Cash from Financing Activity−242−165−37141−790−361−849−76−468−656−742−918−1,673
Net Cash Flow54−4945−4546−29533−372−712212−173−68

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %33.032.045.039.036.033.033.028.025.024.030.030.031.0
ROE %————————————23.9
EPS (₹)4.395.007.838.399.489.1010.9911.1311.8812.5217.0020.4124.06
Book Value (₹)————————————106.0
Face Value (₹)————————————1
P/E————————————57.0
Div Yield %————————————0.78
NPM %10.510.514.815.115.512.915.215.312.110.914.015.716.6
OPM %16.016.022.022.022.019.022.023.019.017.022.023.024.0
D/E0.020.030.030.030.030.030.060.060.060.050.050.050.04
P/B————————————14.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+15.0%
3 years+7.0%
TTM+14.0%
Compounded profit growth
10 years+12.0%
5 years+17.0%
3 years+25.0%
TTM+20.0%
Stock price CAGR
10 years+15.0%
5 years+4.0%
3 years+6.0%
Last year−2.0%
Return on equity
10 years23.0%
5 years22.0%
3 years23.0%
Last year24.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters69.59%69.59%69.78%69.75%69.92%70.16%69.94%69.94%69.78%69.49%69.32%69.24%
FIIs12.10%12.10%10.37%11.71%11.50%11.88%11.57%10.61%11.31%11.60%11.75%11.69%
DIIs6.92%6.92%9.09%7.71%7.90%7.59%7.30%8.45%8.93%9.43%9.56%9.81%
Government0.18%0.18%0.08%0.06%0.05%0.00%0.00%0.00%0.00%0.00%0.08%0.09%
Public11.21%11.21%10.68%10.76%10.63%10.37%11.19%10.98%10.00%9.47%9.29%9.18%
No. of shareholders92,08492,08495,8671,11,3921,78,9332,75,9495,62,8106,18,3275,41,1145,17,6185,20,4405,09,811
Change since Jun 2023 (pp)
Promoters −0.35FIIs −0.41DIIs +2.89Public −2.03

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Intimation Of Date Of Board Meeting For Consideration Of Unaudited Financial Results For The Second Quarter Ended 30.09.2026Appointment Of Senior Management PersonnelCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015Announcement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingFeb 2026PPT

Corporate actions

As of 23 Jul 2026
23 Jul 2026DIVIDENDDividend - Rs 11.50 Per Share—
23 Sep 2025BONUSBonus 1:1—
13 Aug 2025DIVIDENDSpecial Dividend - Rs 10 Per Share—
23 Jul 2025DIVIDENDAnnual General Meeting/Dividend - Rs 20 Per Share—
24 Jul 2024DIVIDENDDividend - Rs 16 Per Share—
27 Jul 2023DIVIDENDDividend - Rs 11 Per Share—
26 Jul 2022DIVIDENDDividend - Rs 10 Per Share—
27 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 8.50 Per Share—
13 Mar 2020DIVIDEND Interim Dividend - Rs 7 Per Share—
29 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 6.50 Per Share—
21 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 6 Per Share—
23 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 4.75 Per Share—
24 Aug 2016DIVIDEND Dividend - Re 0.50/- Per Share—
18 Mar 2016DIVIDEND Interim Dividend - Rs 3.65/- Per Share (Purpose Revised)—
14 Aug 2015DIVIDEND Annual General Meeting/Dividend Rs 2.90 Per Share—
9 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 2.70/- Per Share—
5 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 2.6/- Per Equity Share—
6 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.1.90 Per Share—
8 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.75 Per Share—
26 Jul 2010DIVIDENDFinal Dividend Re.1/- Per Share And Golden Jubilee Special Dividend Re.0.50 Per Share—
15 Mar 2010BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman