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PIDILITIND - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 4.3

Stock Code PIDILITIND Market Cap 1,44,892 Cr. Current Price 1,424 ₹ High / Low 1,575 ₹
Stock P/E 64.9 Book Value 92.8 ₹ Dividend Yield 0.70 % ROCE 30.5 %
ROE 23.2 % Face Value 1.00 ₹ DMA 50 1,468 ₹ DMA 200 1,485 ₹
Chg in FII Hold -0.07 % Chg in DII Hold 0.06 % PAT Qtr 586 Cr. PAT Prev Qtr 650 Cr.
RSI 38.7 MACD -11.6 Volume 3,71,612 Avg Vol 1Wk 6,40,762
Low price 1,310 ₹ High price 1,575 ₹ PEG Ratio 3.18 Debt to equity 0.03
52w Index 42.9 % Qtr Profit Var 8.10 % EPS 21.8 ₹ Industry PE 26.3

📊 Core Financials

  • Revenue & Profitability: PAT Qtr at ₹586 Cr vs ₹650 Cr previous quarter, showing slight decline but overall stable growth. EPS at ₹21.8 indicates consistent earnings power.
  • Margins: ROE at 23.2% and ROCE at 30.5% reflect strong profitability and efficient capital usage.
  • Debt: Debt-to-equity ratio of 0.03 highlights negligible leverage, ensuring financial stability.
  • Cash Flow: Strong operating cash flows supported by low debt and healthy margins.

💹 Valuation Indicators

  • P/E Ratio: 64.9, significantly higher than industry average of 26.3, suggesting overvaluation.
  • P/B Ratio: Current Price ₹1424 vs Book Value ₹92.8 → P/B ~15.3, very expensive relative to assets.
  • PEG Ratio: 3.18, indicates premium valuation compared to growth prospects.
  • Intrinsic Value: Current price appears stretched; intrinsic value likely lower than CMP.

🏢 Business Model & Competitive Advantage

  • Market leader in adhesives and construction chemicals with flagship brand Fevicol.
  • Strong distribution network across India and global presence.
  • Brand loyalty and diversified product portfolio provide durable competitive advantage.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹1310–₹1375, closer to 52-week low.
  • Long-Term Holding: Despite premium valuation, strong fundamentals and brand moat make it a reliable compounder for long-term investors.

✅ Positive

  • High ROE and ROCE indicating efficient capital use.
  • Debt-free balance sheet ensures financial safety.
  • Strong brand equity and market leadership.

⚠️ Limitation

  • Valuation is expensive compared to industry peers.
  • Quarterly profit decline (₹650 Cr → ₹586 Cr).
  • Low dividend yield at 0.70% may not attract income-focused investors.

📉 Company Negative News

  • Recent decline in quarterly profits.
  • FII holding reduced by 0.07%, indicating cautious foreign sentiment.

📈 Company Positive News

  • DII holding increased by 0.06%, showing domestic institutional confidence.
  • Strong 52-week performance with 42.9% index gain.

🏭 Industry

  • Adhesives and construction chemicals industry growing steadily with infrastructure push.
  • Industry P/E at 26.3 highlights sector’s moderate valuation compared to Pidilite’s premium.

🔎 Conclusion

Pidilite Industries remains a fundamentally strong company with robust profitability, negligible debt, and a powerful brand moat. However, valuations are stretched, making it suitable for long-term investors who can accumulate during dips near ₹1310–₹1375. Short-term investors may find limited upside due to high P/E and PEG ratios.

Would you like me to also prepare a comparative HTML table showing Pidilite vs its key industry peers (like Asian Paints, Berger Paints) for a sharper valuation perspective?

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