RESEARCH REPORT ON PIDILITE INDUSTRIES LIMITED
Pidilite Industries Limited is an India-based company, which is engaged in consumer and industrial specialty chemicals. The Company operates through two segments: Consumer & Bazaar (C&B) and Business to Business (B2B). C&B segment is engaged in the sale of products mainly to end consumers, which are retail users, such as carpenters, painters, plumbers, mechanics, households, students, offices and other. Its sales consist of mainly adhesives, sealants, art and craft materials and construction and paint chemicals. B2B segment is engaged in the sale of products to end customers, which are mainly large business users. This includes Industrial Products (IP), such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, and caters to various industries, such as packaging, textiles, paints, joineries, printing inks, paper, leather and other. Its subsidiaries include Tenax Pidilite India Pvt Ltd and Pidilite Adhesives Pvt Ltd.
Pidilite Industries Limited
• BSE: 500331
• NSE: PIDILITIND
Founder Balvant Parekh
Headquarters Andheri, Mumbai,
Key people • Madhukar Parekh (Chairman)
• Bharat Puri (MD)
Products Adhesives, Construction Chemicals
Revenue ₹9,957 crore (US$1.2 billion) (FY22)
₹1,643 crore (US$210 million) (FY22)
₹1,194 crore (US$150 million) (FY22)
₹6,535 crore (US$820 million) (2020)
₹4,393 crore (US$550 million) (2020)
Owner Madhukar Parekh and family (70%)
Number of employees 6,064 (2020)
DEBT TO EQUITY
BUY PIDILITE INDS AT 2460 TGT 2700, 2950 SL 2200
The stock has moved above its recent consolidation on the daily chart, suggesting a rise in optimism. Besides, the stock has moved above its short-term moving average (50-EMA – exponential moving average). The momentum oscillator RSI (relative strength index) is in a bullish crossover.
Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.
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