HSBC Initiates Buy Rating on Pidilite Industries with Target Price of ₹1,890 1 day ago Yesterday
HSBC has initiated coverage on Pidilite Industries with a Buy rating and a target price of ₹1,890. The brokerage attributes its positive stance to the company's durable competitive advantages, including a strong distribution network, brand equity, product portfolio, innovation, and execution. Waterproofing and Tile Adhesives are highlighted as key growth drivers, while the resilient performance of Fevicol supports strong earnings visibility. These factors collectively underpin HSBC's long-term growth outlook for the company.
JPMorgan Maintains Overweight Rating on Pidilite Industries with ₹1,630 Target Price
JPMorgan has maintained an Overweight rating on Pidilite Industries with a target price of ₹1,630, supported by strong housing and consumption tailwinds and a focus on volume-led growth. The brokerage highlights AI-driven distribution expansion and new growth initiatives as key strategic drivers. JPMorgan expects mid-teens FY27 revenue growth with pricing of 10%+, and projects EBITDA margins to remain around the mid-point of the 20–24% guidance band.
Pidilite Industries Executes ₹27.63 Crore NSE Block Trade at ₹1,392.20 Per Share
Pidilite Industries completed a major NSE block trade involving 198,461 shares at ₹1,392.20 per share, totaling ₹27.63 crores. The transaction represents significant institutional trading activity and demonstrates the use of block trading mechanisms for large-volume transactions to minimize market impact.
Pidilite Industries Records Rs. 76.58 Crore Block Trade on NSE
Pidilite Industries recorded a major NSE block trade worth Rs. 76.58 crores involving approximately 578,124 shares at Rs. 1324.70 per share. The substantial transaction reflects significant institutional investor activity and demonstrates strong liquidity in the company's stock.
10Apr 26
Pidilite Industries Records Rs. 20.23 Crore NSE Block Trade at Rs. 1348.40 Per Share
Pidilite Industries recorded a significant NSE block trade worth Rs. 20.23 crores involving approximately 150,020 shares at Rs. 1348.40 per share. The transaction represents substantial institutional trading activity and indicates strategic portfolio movements by large investors in the company's stock.
Pidilite Industries, a leading adhesives manufacturer, reported strong Q4 results. Consolidated net profit increased by 39.53% to ₹4.20 billion, while revenue grew 8.20% to ₹31.40 billion compared to the previous year. The company also declared a dividend of ₹20.00 per equity share, reflecting confidence in its financial health.
Pidilite Industries has declared a dividend of Rs 20.00 per equity share for FY2025, subject to shareholder approval. The company's Q4 FY2024 results show strong growth with revenue up 8.20% to Rs 3,141.00 crore, EBITDA increasing 9.60% to Rs 632.50 crore, and net profit surging 41.00% to Rs 422.30 crore year-over-year. This performance demonstrates Pidilite's market strength and operational efficiency in the adhesives and construction chemicals sector.
Pidilite Industries announced its Q4 FY2023 results, showing significant growth but falling short of market expectations. The company's consolidated net profit increased by 40.50% YoY to ₹427.50 crore, while revenue grew by 8.20% to ₹3,141.00 crore. EBITDA rose by 9.60% to ₹623.50 crore, with the EBITDA margin improving slightly to 20.10%. Despite the growth, the figures were below analyst estimates. The company also declared a dividend of ₹20.00 per equity share.
01Apr 25
Pidilite Industries Ushers in New Era with Leadership Overhaul
Pidilite Industries has appointed Sudhanshu Vats as new Managing Director and Kavinder Singh as Joint Managing Director, effective April 10, 2025. Current MD Bharat Puri will transition to a Non-Executive and Non-Independent Director role for three years. These changes mark a significant shift in the company's top leadership after Puri's decade-long tenure.