StrengthTalking point
Profit compounding faster than revenue
Over 4 years profit compounded at 19.6% a year while revenue compounded at 10.1% a year.
Importance 62 / 95 · growth
Pidilite Industries · Research view
Pidilite Industries Ltd.
NSE: PIDILITINDBSE: 500331ISIN INE318A01026Face value ₹1consolidated
₹1,470
0.00% · 2026-10-01 · 52-wk ₹1,274–₹1,702
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
StrengthTalking point
Profit outpacing revenue
Profit grew 17.9% while revenue grew 11.1%, so the company kept more of each rupee of revenue as profit.
Importance 60 / 95 · growth
StrengthTalking point
Book value compounding
Net worth compounded at 13.7% a year over 4 years (₹6,603 → ₹11,049).
Importance 54 / 95 · financial health
Section 03 · The company
Who is this company?
Classified by the exchange under Commodities › Chemicals › Chemicals & Petrochemicals › Specialty Chemicals.
- Market cap
- ₹1.50 L cr
- FY2026 revenue
- ₹14,601 cr
- FY2026 net profit
- ₹2,471 cr
- Net worth
- ₹11,049 cr
- Total debt
- ₹106 cr
- EPS (basic)
- ₹24.07
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 3 chemicals & petrochemicals.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Over 4 years profit compounded at 19.6% a year while revenue compounded at 10.1% a year.
Rule PROFIT_CAGR_VS_REVENUE_CAGR
- Revenue growth per year
- +10.1%over 4 years
- Revenue growth
- +11.1%vs last year
- Net profit growth
- +17.9%vs last year
- Change in net profit since FY22
- +105%
Profit grew 17.9% while revenue grew 11.1%, so the company kept more of each rupee of revenue as profit.
Net profit grew 17.9% year on year (FY2025 → FY2026).
Revenue has compounded at 10.1% a year over 4 years (₹9,921 → ₹14,601) — steady rather than rapid.
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹884 cr, up 30.3% from ₹678 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 revenue was ₹4,552 cr, up 21.3% from ₹3,753 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 EBIT was ₹1,189 cr, up 27.8% from ₹930 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 3,235 | — | 540 | — | 16.7% |
| Q3 FY25 | 3,369 | +7.6% | 557 | +9.0% | 16.5% |
| Q4 FY25 | 3,141 | +8.2% | 428 | +40.5% | 13.6% |
| Q1 FY26 | 3,753 | +10.5% | 678 | +18.7% | 18.1% |
| Q2 FY26 | 3,554 | +9.9% | 585 | +8.2% | 16.4% |
| Q3 FY26 | 3,710 | +10.1% | 624 | +12.0% | 16.8% |
| Q4 FY26 | 3,583 | +14.1% | 584 | +36.6% | 16.3% |
| Q1 FY27 | 4,552 | +21.3% | 884 | +30.3% | 19.4% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹15,399 crTTM
- EBITDA
- ₹4,044 crTTM
- EBIT
- ₹3,649 crTTM
- PBT
- ₹3,596 crTTM
- Net profit
- ₹2,676 crTTM
C. Corporate actions
23 Jul 2026DividendFinal Dividend - Rs. - 11.5000 — ₹11.50/share
23 Sept 2025Bonus issueBonus issue 1:1 — 1:2
13 Aug 2025DividendSpecial Dividend - Rs. - 10.0000 — ₹10.00/share
23 Jul 2025DividendFinal Dividend - Rs. - 20.0000 — ₹20.00/share
24 Jul 2024DividendFinal Dividend - Rs. - 16.0000 — ₹16.00/share
27 Jul 2023DividendFinal Dividend - Rs. - 11.0000 — ₹11.00/share
26 Jul 2022DividendDividend - Rs. - 10.0000 — ₹10.00/share
27 Jul 2021DividendFinal Dividend - Rs. - 8.5000 — ₹8.50/share
13 Mar 2020DividendInterim Dividend - Rs. - 7.0000 — ₹7.00/share
29 Jul 2019DividendDividend - Rs. - 6.5000 — ₹6.50/share
21 Aug 2018DividendDividend - Rs. - 6.0000 — ₹6.00/share
9 Feb 2018BuybackBuy Back of Shares
23 Aug 2017DividendDividend - Rs. - 4.7500 — ₹4.75/share
24 Aug 2016DividendDividend - Rs. - 0.5000 — ₹0.50/share
18 Mar 2016DividendInterim Dividend - Rs. - 3.6500 — ₹3.65/share
14 Aug 2015DividendDividend - Rs. - 2.9000 — ₹2.90/share
9 Sept 2014DividendDividend - Rs. - 2.7000 — ₹2.70/share
5 Jul 2013DividendDividend - Rs. - 2.6000 — ₹2.60/share
6 Jul 2012DividendDividend - Rs. - 1.9000 — ₹1.90/share
8 Jul 2011DividendDividend - Rs. - 1.7500 — ₹1.75/share
26 Jul 2010DividendDividend - Rs. - 1.0000 — ₹1.00/share
26 Jul 2010DividendSpecial Dividend - Rs. - 0.5000 — ₹0.50/share
15 Mar 2010Bonus issueBonus issue 1:1 — 1:2
17 Jul 2009DividendDividend - Rs. - 1.7500 — ₹1.75/share
11 Aug 2008DividendDividend - Rs. - 1.7500 — ₹1.75/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Strength
EBITDA margin of 25.9% is the widest in 4 years (prior range 17.2% to 24.8%).
Rule MARGIN_AT_MULTI_YEAR_HIGH
- EBITDA margin now
- 25.9%
- 5-year range
- 17.2–25.9%
- ROE FY2026
- 23.5%
- ROCE FY2026
- 31.9%
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Net worth compounded at 13.7% a year over 4 years (₹6,603 → ₹11,049).
Rule NET_WORTH_COMPOUNDING
Operating cash flowNet profit
- Total debt
- ₹106 cr
- Operating cash flow ÷ net profit
- 1.15×FY2026
- Free cash flow
- ₹2,240 cr
- Current ratio
- 2.38×
Operating cash flow has matched or exceeded reported profit in 4 of the last 5 profit-making years (latest 1.15×).
Free cash flow has been positive in 5 of the last 5 years.
Section 08 · Relative position
How does it compare with peers?
Ranked against 3 chemicals & petrochemicals (FY2026, consolidated). No peer-relative rule fired for this company.
Revenue growth
PIDILITIND · 2nd of 3 · set median 11.1%
EBITDA margin
PIDILITIND · 2nd of 3 · set median 25.9%
Return on equity
PIDILITIND · 2nd of 3 · set median 23.5%
P/E ratio
PIDILITIND · 2nd of 3 · set median 55.9×
- P / E
- 55.9×TTM to Jun 26
- P / B
- 13.5×latest book
- P / S
- 9.7×TTM sales
- Earnings yield
- 1.8%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 60.6× · P/S 10.1× · ROE 23.5%.
Section 09 · The stock
How has the stock performed?
Context
Over 4 years profit compounded at 19.6% a year while the stock returned 6.4% a year — the FY2022 base was somewhat depressed, so part of this is recovery rather than trend.
Rule STOCK_LAGGED_EARNINGS · rebound
- 1-year return
- −0.4%
- 3-year return
- +20.5%
- 5-year return
- +21.6%
- From 52-wk high
- −13.6%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,615
- vs 200-day avg
- Below₹1,499
- RSI (14)
- 27.3oversold
- MACD histogram
- -11.5
- From 52-wk high
- −13.6%
- From 52-wk low
- +15.4%
- 30-day volatility
- 22.1%ann.
- 6-month return
- +10.3%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
Data coverage is complete — 5 years of financials (FY2022–FY2026), full P&L, balance sheet and cash-flow statement, sector metrics fully mapped.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9,921 | 11,799 | 12,383 | 13,140 | 14,601 |
| Total income | 9,957 | 11,849 | 12,523 | 13,388 | 14,867 |
| EBITDA | 1,884 | 2,034 | 2,847 | 3,260 | 3,785 |
| Profit before tax | 1,602 | 1,717 | 2,383 | 2,826 | 3,323 |
| Net profit | 1,207 | 1,289 | 1,747 | 2,096 | 2,471 |
| EPS (₹) | 23.8 | 25.1 | 34.0 | 40.8 | 24.1 |
| Net worth | 6,603 | 7,446 | 8,617 | 9,958 | 11,049 |
| Total debt | 287 | 163 | 131 | 147 | 106 |
| Operating cash flow | 955 | 1,558 | 2,724 | 2,285 | 2,829 |
| Free cash flow | 581 | 1,060 | 2,171 | 1,837 | 2,240 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 18.9 | 4.9 | 6.1 | 11.1 |
| Profit growth YoY | — | 6.8 | 35.6 | 20.0 | 17.9 |
| Profitability | |||||
| EBITDA margin % | 19.0 | 17.2 | 23.0 | 24.8 | 25.9 |
| Net margin % | 12.1 | 10.9 | 14.0 | 15.7 | 16.6 |
| Return on equity % | 18.3 | 18.3 | 21.8 | 22.6 | 23.5 |
| Return on capital % | 23.9 | 24.3 | 30.6 | 30.8 | 31.9 |
| Leverage & cash | |||||
| Debt to equity | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
| Cash flow ÷ profit | 0.79 | 1.21 | 1.56 | 1.09 | 1.15 |
| Current ratio | 1.73 | 1.89 | 2.09 | 2.27 | 2.38 |