Projected Income Statement: Pidilite Industries Limited

Forecast Balance Sheet: Pidilite Industries Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -2,376 -678 -1,469 -3,840 -30,440 -21,870 -36,071 -51,240
Change - 71.46% -116.67% -161.4% -692.71% 28.15% -64.93% -42.05%
Announcement Date 12/05/21 18/05/22 08/05/23 07/05/24 08/05/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: Pidilite Industries Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 3,538 3,747 5,054 5,530 4,523 5,497 5,603 6,203
Change - 5.93% 34.85% 9.42% -18.2% 21.52% 1.93% 10.7%
Free Cash Flow (FCF) 1 10,384 5,806 10,521 21,711 18,343 19,637 23,112 25,989
Change - -44.08% 81.2% 106.35% -15.51% 7.05% 17.7% 12.45%
Announcement Date 12/05/21 18/05/22 08/05/23 07/05/24 08/05/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Pidilite Industries Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.1% 18.62% 16.87% 21.91% 22.9% 23.77% 23.41% 23.65%
EBIT Margin (%) 20.35% 16.32% 14.59% 19.16% 20.17% 21.28% 21.04% 21.32%
EBT Margin (%) 20.88% 16.27% 14.6% 19.21% 21.48% 22.61% 22.39% 22.89%
Net margin (%) 15.51% 12.17% 10.79% 13.97% 15.8% 16.69% 16.48% 16.82%
FCF margin (%) 14.24% 5.85% 8.92% 17.53% 13.96% 13.54% 14.36% 14.51%
FCF / Net Income (%) 91.79% 48.08% 82.63% 125.54% 88.35% 81.11% 87.16% 86.29%

Profitability

        
ROA 14.72% 13.16% 12.71% 15.28% 15.9% 19.32% 20.02% 21.24%
ROE 22.51% 20.13% 18.7% 22.82% 22.86% 23.42% 22.85% 22.95%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 4.85% 3.78% 4.28% 4.47% 3.44% 3.79% 3.48% 3.46%
CAPEX / EBITDA (%) 21% 20.29% 25.38% 20.38% 15.03% 15.95% 14.87% 14.65%
CAPEX / FCF (%) 34.07% 64.54% 48.03% 25.47% 24.66% 27.99% 24.24% 23.87%

Items per share

        
Cash flow per share 1 13.69 9.395 15.31 26.76 22.43 28.86 33 37.44
Change - -31.36% 62.94% 74.81% -16.19% 28.65% 14.36% 13.46%
Dividend per Share 1 4.25 5 5.5 8 10 13.06 14.04 15.53
Change - 17.65% 10% 45.45% 25% 30.65% 7.49% 10.62%
Book Value Per Share 1 55.03 62.99 70.95 82.67 95.9 106.9 120.6 137.2
Change - 14.46% 12.63% 16.52% 16% 11.47% 12.78% 13.77%
EPS 1 11.12 11.88 12.52 16.99 20.36 23.75 26.11 29.65
Change - 6.79% 5.39% 35.76% 19.86% 16.64% 9.91% 13.57%
Nbr of stocks (in thousands) 1,016,307 1,016,577 1,016,628 1,017,219 1,017,292 1,017,766 1,017,766 1,017,766
Announcement Date 12/05/21 18/05/22 08/05/23 07/05/24 08/05/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 57.1x 52x
PBR 12.7x 11.3x
EV / Sales 9.37x 8.36x
Yield 0.96% 1.03%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
1,357.10INR
Average target price
1,572.74INR
Spread / Average Target
+15.89%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. PIDILITIND Stock
  4. Financials Pidilite Industries Limited