Pidilite Industries Ltd (PIDILITIND) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.83%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 11.7%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 23.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,519.30

200-Day DMA ● Overlay

₹1,409.09

14-Day RSI ● Overlay

49.1 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.49 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

56.3x

Price / EPS

Book Value (₹) Assets

₹106.0

P/B: 13.8x

ROE (%) Quality

23.9%

Net Profit / Equity

ROCE (%) Efficiency

31.0%

EBIT / Capital

Dividend Yield Yield

0.79%

Face Value: ₹10

Debt / Equity Solvency

0.04x

Low Debt

EPS (TTM) Per Share

₹26.00

Trailing 12M

OPM (%) Spread

24.0%

EBITDA Margin

Free Cash Flow Cash

₹2,239 Cr

CFO - Capex

About Pidilite Industries Ltd

Pidilite Industries Ltd (Fevicol) (PIDILITIND) is a leading Indian enterprise operating in the Chemicals & Fertilizers sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 17.3% × Turnover: 0.85x × Leverage: 1.04x = ROE: 23.9%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Company has a stellar track record of return on equity (ROE of 23.9%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 13.8x its book value.
• Commanding an elevated valuation multiple with P/E at 56.3x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹15,399 Cr

Latest PAT

₹2,676 Cr

EPS (TTM)

₹26.00

OPM %

24.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹3,275 Cr	₹3,076 Cr	₹3,130 Cr	₹2,902 Cr	₹3,395 Cr	₹3,235 Cr	₹3,369 Cr	₹3,141 Cr	₹3,753 Cr	₹3,554 Cr	₹3,710 Cr	₹3,583 Cr	₹4,552 Cr
Operating Profit (EBITDA)	₹706.00 Cr	₹678.00 Cr	₹742.00 Cr	₹575.00 Cr	₹812.00 Cr	₹768.00 Cr	₹798.00 Cr	₹632.00 Cr	₹941.00 Cr	₹850.00 Cr	₹894.00 Cr	₹831.00 Cr	₹1,194 Cr
OPM %	22.0%	22.0%	24.0%	20.0%	24.0%	24.0%	24.0%	20.0%	25.0%	24.0%	24.0%	23.0%	26.0%
Interest Expense	₹12.00 Cr	₹13.00 Cr	₹13.00 Cr	₹13.00 Cr	₹12.00 Cr	₹12.00 Cr	₹12.00 Cr	₹14.00 Cr	₹14.00 Cr	₹13.00 Cr	₹13.00 Cr	₹14.00 Cr	₹13.00 Cr
Depreciation	₹73.00 Cr	₹75.00 Cr	₹79.00 Cr	₹113.00 Cr	₹84.00 Cr	₹88.00 Cr	₹90.00 Cr	₹97.00 Cr	₹97.00 Cr	₹100.00 Cr	₹101.00 Cr	₹97.00 Cr	₹97.00 Cr
Profit before Tax (PBT)	₹644.00 Cr	₹622.00 Cr	₹687.00 Cr	₹426.00 Cr	₹770.00 Cr	₹725.00 Cr	₹752.00 Cr	₹576.00 Cr	₹916.00 Cr	₹787.00 Cr	₹840.00 Cr	₹777.00 Cr	₹1,192 Cr
Net Profit (PAT)	₹474.00 Cr	₹459.00 Cr	₹511.00 Cr	₹304.00 Cr	₹571.00 Cr	₹540.00 Cr	₹557.00 Cr	₹428.00 Cr	₹678.00 Cr	₹585.00 Cr	₹624.00 Cr	₹584.00 Cr	₹884.00 Cr
EPS in ₹	₹4.60	₹4.43	₹5.02	₹2.96	₹5.57	₹5.26	₹5.43	₹4.15	₹6.61	₹5.69	₹6.07	₹5.69	₹8.57

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹4,844 Cr	₹5,361 Cr	₹5,617 Cr	₹6,078 Cr	₹7,078 Cr	₹7,294 Cr	₹7,293 Cr	₹9,921 Cr	₹11,799 Cr	₹12,383 Cr	₹13,140 Cr	₹14,601 Cr	₹15,399 Cr
Expenses	₹4,073 Cr	₹4,188 Cr	₹4,355 Cr	₹4,737 Cr	₹5,707 Cr	₹5,718 Cr	₹5,606 Cr	₹8,065 Cr	₹9,813 Cr	₹9,675 Cr	₹10,130 Cr	₹11,080 Cr	₹11,630 Cr
Operating Profit	₹771.00 Cr	₹1,173 Cr	₹1,262 Cr	₹1,341 Cr	₹1,371 Cr	₹1,576 Cr	₹1,686 Cr	₹1,856 Cr	₹1,986 Cr	₹2,708 Cr	₹3,011 Cr	₹3,521 Cr	₹3,769 Cr
OPM %	16%	22%	22%	22%	19%	22%	23%	19%	17%	22%	23%	24%	24%
Interest	₹16.00 Cr	₹13.00 Cr	₹14.00 Cr	₹16.00 Cr	₹26.00 Cr	₹34.00 Cr	₹37.00 Cr	₹42.00 Cr	₹48.00 Cr	₹51.00 Cr	₹50.00 Cr	₹54.00 Cr	₹54.00 Cr
Depreciation	₹118.00 Cr	₹100.00 Cr	₹115.00 Cr	₹120.00 Cr	₹133.00 Cr	₹170.00 Cr	₹201.00 Cr	₹240.00 Cr	₹270.00 Cr	₹341.00 Cr	₹358.00 Cr	₹395.00 Cr	₹395.00 Cr
Profit before Tax	₹678.00 Cr	₹1,141 Cr	₹1,248 Cr	₹1,359 Cr	₹1,342 Cr	₹1,470 Cr	₹1,522 Cr	₹1,614 Cr	₹1,723 Cr	₹2,379 Cr	₹2,823 Cr	₹3,320 Cr	₹3,596 Cr
Net Profit	₹514.00 Cr	₹807.00 Cr	₹863.00 Cr	₹966.00 Cr	₹928.00 Cr	₹1,122 Cr	₹1,126 Cr	₹1,207 Cr	₹1,289 Cr	₹1,747 Cr	₹2,096 Cr	₹2,471 Cr	₹2,676 Cr
EPS in Rs	5.00	7.83	8.39	9.48	9.10	10.99	11.13	11.88	12.52	17.00	20.41	24.06	26.02

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹51.00 Cr	₹102.00 Cr
Reserves & Surplus	₹2,219 Cr	₹2,587 Cr	₹3,420 Cr	₹3,523 Cr	₹4,097 Cr	₹4,405 Cr	₹5,542 Cr	₹6,353 Cr	₹7,161 Cr	₹8,356 Cr	₹9,704 Cr	₹10,730 Cr
Borrowings (Debt)	₹58.00 Cr	₹80.00 Cr	₹98.00 Cr	₹125.00 Cr	₹113.00 Cr	₹288.00 Cr	₹331.00 Cr	₹416.00 Cr	₹391.00 Cr	₹382.00 Cr	₹454.00 Cr	₹417.00 Cr
Total Liabilities	₹3,315 Cr	₹3,714 Cr	₹4,770 Cr	₹5,199 Cr	₹5,904 Cr	₹6,523 Cr	₹8,814 Cr	₹9,494 Cr	₹10,505 Cr	₹12,076 Cr	₹13,984 Cr	₹15,399 Cr
Fixed Assets	₹978.00 Cr	₹1,137 Cr	₹1,275 Cr	₹1,342 Cr	₹1,448 Cr	₹1,807 Cr	₹4,418 Cr	₹4,703 Cr	₹4,914 Cr	₹5,451 Cr	₹5,705 Cr	₹5,774 Cr
Total Assets	₹3,315 Cr	₹3,714 Cr	₹4,770 Cr	₹5,199 Cr	₹5,904 Cr	₹6,523 Cr	₹8,814 Cr	₹9,494 Cr	₹10,505 Cr	₹12,076 Cr	₹13,984 Cr	₹15,399 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹552.00 Cr	₹907.00 Cr	₹794.00 Cr	₹796.00 Cr	₹845.00 Cr	₹1,280 Cr	₹1,392 Cr	₹955.00 Cr	₹1,558 Cr	₹2,724 Cr	₹2,287 Cr	₹2,828 Cr
Cash from Investing (CFI)	-₹436.00 Cr	-₹491.00 Cr	-₹879.00 Cr	₹39.00 Cr	-₹513.00 Cr	₹103.00 Cr	-₹1,688 Cr	-₹558.00 Cr	-₹899.00 Cr	-₹1,769 Cr	-₹1,542 Cr	-₹1,224 Cr
Cash from Financing (CFF)	-₹165.00 Cr	-₹371.00 Cr	₹41.00 Cr	-₹790.00 Cr	-₹361.00 Cr	-₹849.00 Cr	-₹76.00 Cr	-₹468.00 Cr	-₹656.00 Cr	-₹742.00 Cr	-₹918.00 Cr	-₹1,673 Cr
Free Cash Flow (FCF)	₹143.00 Cr	₹742.00 Cr	₹671.00 Cr	₹524.00 Cr	₹591.00 Cr	₹836.00 Cr	₹1,040 Cr	₹581.00 Cr	₹1,060 Cr	₹2,171 Cr	₹1,839 Cr	₹2,239 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	44	48	50	56	54	54	66	53	47	49	50	55
Inventory Days	88	89	100	102	95	100	133	114	98	86	103	98
Cash Conversion Cycle (Days)	86	84	96	89	90	88	91	96	88	66	68	66
ROCE %	32%	45%	39%	36%	33%	33%	28%	25%	24%	30%	30%	31%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹397.09 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,574.40

DCF Fair Value

₹397.09

Graham Number

₹249.02

Margin of Safety

-79%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹397.09

Premium / Overvalued (Margin: -79%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹386	₹383	₹379	₹376
10%	₹394	₹390	₹386	₹383
12%	₹401	₹397	₹394	₹390
14%	₹408	₹404	₹401	₹397

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹397	Fairly Valued
Benjamin Graham Number	₹249	Market Priced
Historical Sector P/E	₹572	Premium
EV / EBITDA Multiplier	₹1,653	In-Line
Free Cash Flow Yield Model	₹1,543	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

6.17 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.04x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 24.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

69.24%

FIIs (Foreign)

11.69%

DIIs (Domestic)

9.81%

Government

0.15%

Public / Retail

9.18%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	69.86%	69.84%	69.78%	69.75%	69.60%	69.59%	69.49%	69.35%	69.33%	69.32%	69.32%	69.24%
+ FIIs (Foreign Portfolio)	11.44%	11.49%	11.31%	11.59%	11.96%	11.79%	11.60%	12.13%	12.08%	12.01%	11.75%	11.69%
+ DIIs (Mutual Funds / Insurance)	8.01%	8.32%	8.93%	8.97%	8.89%	9.15%	9.43%	9.15%	9.15%	9.21%	9.56%	9.81%
+ Public (Retail & HNIs)	10.70%	10.36%	10.00%	9.71%	9.55%	9.46%	9.47%	9.36%	9.43%	9.40%	9.29%	9.18%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Chemicals & Fertilizers.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

PIDILITIND Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

PIDILITIND Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

PIDILITIND Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹2,015.23

Accelerated market share capture in Chemicals & Fertilizers, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,763.33

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 56x P/E.

🐻 Bear Case (15%) -12.0%

₹1,385.47

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:36 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Pidilite Industries Ltd (PIDILITIND)	Target Stock	₹1,574.40	-0.83%	56.3x	23.9%	31.0%	0.04	₹1.49 Lakh Cr
SRF Ltd (SRF)	Specialty Fluorochemicals & Packaging	₹2,510.60	+2.07%	32.9x	14.3%	14.6%	0.36	₹73,697 Cr
Deepak Nitrite Ltd (DEEPAKNTR)	Basic & Specialty Intermediates	₹1,591.60	+3.35%	25.7x	9.8%	11.4%	0.28	₹20,361 Cr
Aarti Industries Ltd (AARTIIND)	Benzene & Specialty Intermediates	₹484.00	+5.26%	32.3x	7.1%	6.9%	0.83	₹16,871 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:36:41 IST	✓ Live Sync
Financial Statements (10Y)	Pidilite Industries Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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Pidilite Industries Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Pidilite Industries Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Metric Explainer

Stock DNA Methodology

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