Makes specialty adhesives, sealants and waterproofing products, most recognisably under the Fevicol brand, and sells them to retail consumers and industrial buyers. The Consumer & Bazaar segment generated 79.1% of FY26 segment revenue at ₹10,836.94 crore, while Business to Business accounted for 20.4% at ₹2,800.39 crore; an Others segment contributed the remaining 0.4%. Q4 FY26 saw underlying volume growth of 15.3%, the strongest in recent quarters, with Fevicol posting double-digit growth. Materials are the largest cost at 38.5% of revenue, followed by employee costs at 13.3% and other operating expenses at 18.2%; FY26 capex totalled ₹570 crore. FY26 EBITDA margin stood at 25.8%. A new West India plant for premium white glue and Fevicol is set to commission in Q1 FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Consumer & Bazaar (79%), Business to Business (20%), Others (0%). Brand-led specialty chemicals business with high consumer exposure and periodic raw-material inflation
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9,921 | 11,799 | 12,383 | 13,140 | 14,601 |
| EBITDA (ex other income) | 1,847 | 1,984 | 2,636 | 2,988 | 3,505 |
| margin % | 18.6 | 16.8 | 21.3 | 22.7 | 24.0 |
| Owners' profit | 1,208 | 1,273 | 1,729 | 2,076 | 2,449 |
| EPS, as reported (₹) | 23.76 | 25.05 | 34.01 | 40.82 | 24.07 |
| ROE % · ROCE % | 18.3 · 22.9 | 17.3 · 21.7 | 20.3 · 26.2 | 21.1 · 26.8 | 22.4 · 28.5 |
| Debt / equity (x) | 0.04 | 0.02 | 0.02 | 0.01 | 0.01 |
| Cash from operations | 955 | 1,558 | 2,724 | 2,285 | 2,829 |
| Capex | (375) | (505) | (559) | (452) | (593) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,235 | 3,369 | 3,141 | 3,753 | 3,554 | 3,710 | 3,583 | 4,552 |
| Profit before tax | 726 | 752 | 577 | 916 | 788 | 840 | 779 | 1,190 |
| Net profit | 540 | 557 | 428 | 678 | 585 | 624 | 584 | 884 |
| EPS (₹) | 10.51 | 10.86 | 8.30 | 13.22 | 5.69 | 6.07 | 5.69 | 8.57 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Consumer & Bazaar | 11,574 | 78.0 |
| Business to Business | 3,211 | 21.6 |
| Others | 61 | 0.4 |
| Total, before eliminations | 14,845 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD ◆ | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper notice on special window for physical shares dematerialisation | compliance | minimal | — | — |
| 3 Sept 2026 · Pidilite step-down Bangladesh unit voluntarily liquidated | regulatory legal | high | — | — |
| 3 Sept 2026 · Voluntary liquidation of dormant Bangladesh step-down subsidiary | regulatory legal | high | — | — |
| 1 Sept 2026 · Pidilite schedules meeting with Aberdeen Asset Management on Sep 8 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Pidilite gets Rs 10.42 lakh GST penalty order for FY21 | regulatory legal | high | — | — |
| 26 Aug 2026 · Pidilite CIDO Vivek Sharma resigns, last day 31 October | management changes | medium | — | — |
| 25 Aug 2026 · CIO Vivek Sharma resigns from Pidilite Industries | management changes | medium | — | — |
| 24 Aug 2026 · Pidilite to meet Axis Capital on Aug 31 for investor interaction | board shareholder meetings | low | — | — |
| 21 Aug 2026 · ESOP-2016: Allotment of 89,340 equity shares to employees | capital market events | low | — | — |
| 20 Aug 2026 · 57th AGM Minutes: 5 resolutions approved, total dividend of Rs 21.50 per share | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 22,229 | 94.3 | 9.05 | 60.4 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 60.2 | 23.4 | 86 of 103 | 17% |
| P/B | 14.4 | 2.9 | 95 of 99 | 4% |
| ROCE | 28.0 | 10.3 | 8 of 108 | 94% |
| ROE | 22.4 | 8.1 | 8 of 101 | 93% |
| Debt / Equity | 0.0 | 0.2 | 23 of 101 | 78% |
| EBITDA margin | 28.6 | 15.5 | 14 of 99 | 87% |
| Revenue growth | 21.3 | 24.4 | 53 of 94 | 44% |
| Profit growth | 30.3 | 55.1 | 55 of 92 | 41% |
| Market cap | 159479 | 732 | 1 of 107 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
