Financials Pidilite Industries Limited

Equities

PIDILITIND

INE318A01026

Diversified Chemicals

Market Closed - NSE India S.E. 12:43:55 24/06/2024 BST 5-day change 1st Jan Change
3,107 INR -1.19% Intraday chart for Pidilite Industries Limited -0.50% +14.44%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 633,068 689,219 919,453 1,247,492 1,196,063 1,580,300 - -
Enterprise Value (EV) 1 620,044 683,878 917,077 1,246,814 1,194,594 1,533,305 1,550,536 1,544,570
P/E ratio 76.9 x 61.7 x 81.4 x 103 x 94 x 88.7 x 75.1 x 64.9 x
Yield 0.52% 0.52% 0.47% 0.41% 0.47% 0.45% 0.57% 0.64%
Capitalization / Revenue 8.94 x 9.45 x 12.6 x 12.6 x 10.1 x 12.4 x 11.4 x 10.2 x
EV / Revenue 8.76 x 9.38 x 12.6 x 12.6 x 10.1 x 12.4 x 11.2 x 9.97 x
EV / EBITDA 45.1 x 43.4 x 54.4 x 67.5 x 60 x 56.5 x 49.7 x 43.6 x
EV / FCF 106 x 84.2 x 88.3 x 215 x 114 x 103 x 114 x 73.4 x
FCF Yield 0.94% 1.19% 1.13% 0.47% 0.88% 0.97% 0.88% 1.36%
Price to Book 15.3 x 15.5 x 16.4 x 19.5 x 16.6 x 18.9 x 16.6 x 14.4 x
Nbr of stocks (in thousands) 507,978 508,124 508,153 508,288 508,314 508,609 - -
Reference price 2 1,246 1,356 1,809 2,454 2,353 3,144 3,144 3,144
Announcement Date 14/05/19 17/06/20 12/05/21 18/05/22 08/05/23 07/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 70,787 72,945 72,927 99,210 117,991 123,830 138,316 154,965
EBITDA 1 13,762 15,760 16,846 18,473 19,910 27,132 31,219 35,416
EBIT 1 12,435 14,061 14,839 16,196 17,213 23,726 27,690 31,458
Operating Margin 17.57% 19.28% 20.35% 16.32% 14.59% 19.16% 20.02% 20.3%
Earnings before Tax (EBT) 1 13,380 14,698 15,225 16,138 17,232 23,794 28,887 33,529
Net income 1 9,249 11,164 11,312 12,076 12,732 17,294 21,492 24,725
Net margin 13.07% 15.31% 15.51% 12.17% 10.79% 13.97% 15.54% 15.96%
EPS 2 16.20 21.97 22.24 23.75 25.03 33.98 41.90 48.48
Free Cash Flow 1 5,823 8,124 10,384 5,806 10,521 15,220 13,609 21,033
FCF margin 8.23% 11.14% 14.24% 5.85% 8.92% 12.24% 9.84% 13.57%
FCF Conversion (EBITDA) 42.31% 51.55% 61.64% 31.43% 52.84% 55.02% 43.59% 59.39%
FCF Conversion (Net income) 62.95% 72.77% 91.79% 48.08% 82.63% 80.97% 63.32% 85.06%
Dividend per Share 2 6.500 7.000 8.500 10.00 11.00 14.19 17.78 20.01
Announcement Date 14/05/19 17/06/20 12/05/21 18/05/22 08/05/23 07/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1
Net sales 1 22,990 22,355 19,368 26,264 28,507 25,071 31,011 30,112 29,976 26,892 32,751 31,927 63,512 32,113 28,534 -
EBITDA 1 6,424 4,621 3,476 5,496 5,490 4,011 5,295 4,999 4,959 4,577 7,060 6,984 - 7,450 6,257 -
EBIT 1 5,929 - 2,910 4,893 4,886 3,441 4,682 4,362 4,272 3,815 6,326 6,390 - 6,740 6,066 -
Operating Margin 25.79% - 15.02% 18.63% 17.14% 13.73% 15.1% 14.49% 14.25% 14.19% 19.31% 20.01% - 20.99% 21.26% -
Earnings before Tax (EBT) 1 6,012 4,112 2,897 4,908 4,867 3,459 4,732 4,355 4,173 3,925 6,441 6,357 - 6,826 5,892 -
Net income 1 4,418 3,062 2,201 3,746 3,585 2,544 3,536 3,324 3,042 2,830 4,682 4,710 - 5,048 4,249 6,000
Net margin 19.22% 13.7% 11.36% 14.27% 12.58% 10.15% 11.4% 11.04% 10.15% 10.52% 14.29% 14.75% - 15.72% 14.89% -
EPS 2 8.690 6.020 4.330 7.370 7.050 5.000 6.950 6.540 5.980 5.560 9.200 9.249 - 10.07 7.988 11.81
Dividend per Share 2 - 8.500 - - - 10.00 - - - 11.00 - - - - 13.74 -
Announcement Date 28/01/21 12/05/21 11/08/21 10/11/21 25/01/22 18/05/22 10/08/22 09/11/22 24/01/23 08/05/23 10/08/23 - 08/11/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 13,024 5,341 2,376 678 1,469 14,869 29,764 35,730
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 5,823 8,124 10,384 5,806 10,521 15,220 13,609 21,033
ROE (net income / shareholders' equity) 24.3% 26.9% 22.5% 20.1% 18.7% 24% 23.4% 23.6%
ROA (Net income/ Total Assets) 16.9% 18.6% 14.7% 13.2% 12.7% 18.5% 18.3% 18.9%
Assets 1 54,857 59,987 76,831 91,730 100,203 101,482 117,262 130,965
Book Value Per Share 2 81.70 87.70 110.0 126.0 142.0 166.0 190.0 219.0
Cash Flow per Share 2 16.60 25.20 27.40 18.80 30.60 40.70 41.50 46.10
Capex 1 2,625 4,439 3,538 3,747 5,054 4,305 4,138 4,439
Capex / Sales 3.71% 6.09% 4.85% 3.78% 4.28% 3.46% 2.99% 2.86%
Announcement Date 14/05/19 17/06/20 12/05/21 18/05/22 08/05/23 07/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
3,144 INR
Average target price
2,867 INR
Spread / Average Target
-8.83%
Consensus
  1. Stock Market
  2. Equities
  3. PIDILITIND Stock
  4. Financials Pidilite Industries Limited