Pidilite Industries Ltd.
PIDILITINDCommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
27 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 27 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190131 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190528 | 2019-03-31 | yes | |
| TRANSCRIPT | 20190819 | 2019-06-30 | yes | |
| TRANSCRIPT | 20191127 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200207 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200625 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200812 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201112 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210202 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210515 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210816 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211115 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220201 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220524 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220816 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221116 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230201 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230512 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230818 | 2023-06-30 | yes | |
| TRANSCRIPT | 20240814 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250129 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250516 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250814 | 2025-06-30 | yes | |
| TRANSCRIPT | 20260211 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260515 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260812 | 2026-06-30 | yes |
PIDILITIND
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,522.00 |
| 52-week range | 1273.6 – 1701.5 |
| Return 1M | -7.82% |
| Return 3M | -4.7% |
| Return 1Y | 0.16% |
| Return 3Y | 22.03% |
| Return 5Y | 24.15% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,552.00 |
| Other income | 92.00 |
| Total income | 4,644.00 |
| Cost of materials consumed | 1,879.00 |
| Purchases of stock-in-trade | 236.00 |
| Changes in inventories | 3.00 |
| Employee benefit expense | 515.00 |
| Finance costs | 13.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.69 | -0.00 |
| institutions foreign | 0.12 | -0.00 |
| institutions domestic | 0.10 | 0.00 |
| mutual funds | 0.04 | -0.00 |
| public | 0.31 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 27 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,011.00 | 2,998.00 | 2,689.00 | 3,275.00 | 3,076.00 | 3,130.00 | 2,902.00 | 3,395.00 | 3,235.00 | 3,369.00 | 3,141.00 | 3,753.00 | 3,554.00 | 3,710.00 | 3,583.00 | 4,552.00 |
| Other income | 11.00 | 5.00 | 23.00 | 23.00 | 32.00 | 37.00 | 49.00 | 54.00 | 57.00 | 56.00 | 80.00 | 86.00 | 50.00 | 66.00 | 65.00 | 92.00 |
| Total income | 3,022.00 | 3,003.00 | 2,712.00 | 3,299.00 | 3,108.00 | 3,167.00 | 2,951.00 | 3,449.00 | 3,292.00 | 3,425.00 | 3,222.00 | 3,839.00 | 3,605.00 | 3,775.00 | 3,648.00 | 4,644.00 |
| Cost of materials consumed | 1,590.00 | 1,507.00 | 1,297.00 | 1,366.00 | 1,302.00 | 1,226.00 | 1,208.00 | 1,327.00 | 1,324.00 | 1,341.00 | 1,401.00 | 1,393.00 | 1,351.00 | 1,362.00 | 1,515.00 | 1,879.00 |
| Purchases of stock-in-trade | 233.00 | 220.00 | 159.00 | 197.00 | 184.00 | 210.00 | 175.00 | 172.00 | 205.00 | 200.00 | 165.00 | 207.00 | 222.00 | 223.00 | 247.00 | 236.00 |
| Changes in inventories | -46.00 | 16.00 | -25.00 | 107.00 | 12.00 | 39.00 | -32.00 | 70.00 | -53.00 | -2.00 | -154.00 | 122.00 | 25.00 | 29.00 | -206.00 | 3.00 |
| Employee benefit expense | 303.00 | 309.00 | 318.00 | 355.00 | 363.00 | 373.00 | 374.00 | 417.00 | 436.00 | 434.00 | 455.00 | 464.00 | 471.00 | 526.00 | 480.00 | 515.00 |
| Finance costs | 12.00 | 15.00 | 12.00 | 12.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 | 14.00 | 14.00 | 13.00 | 13.00 | 14.00 | 13.00 |
| Depreciation and amortisation | 64.00 | 69.00 | 76.00 | 73.00 | 75.00 | 79.00 | 113.00 | 84.00 | 88.00 | 90.00 | 97.00 | 97.00 | 100.00 | 101.00 | 97.00 | 97.00 |
| Other expenses | 431.00 | 450.00 | 481.00 | 543.00 | 535.00 | 540.00 | 600.00 | 597.00 | 554.00 | 598.00 | 642.00 | 626.00 | 635.00 | 676.00 | 715.00 | 724.00 |
| Total expenses | 2,587.00 | 2,585.00 | 2,318.00 | 2,653.00 | 2,485.00 | 2,480.00 | 2,451.00 | 2,679.00 | 2,566.00 | 2,672.00 | 2,620.00 | 2,923.00 | 2,817.00 | 2,930.00 | 2,862.00 | 3,468.00 |
| Profit before exceptional items and tax | 436.00 | 417.00 | 394.00 | 645.00 | 623.00 | 687.00 | 500.00 | 770.00 | 726.00 | 752.00 | 602.00 | 916.00 | 788.00 | 846.00 | 787.00 | 1,175.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -72.00 | 0.00 | 0.00 | 0.00 | -25.00 | 0.00 | 0.00 | -6.00 | -8.00 | 14.00 |
| Profit before tax | 436.00 | 417.00 | 394.00 | 645.00 | 623.00 | 687.00 | 428.00 | 770.00 | 726.00 | 752.00 | 577.00 | 916.00 | 788.00 | 840.00 | 779.00 | 1,190.00 |
| Current tax | 101.00 | 105.00 | 108.00 | 167.00 | 161.00 | 182.00 | 129.00 | 193.00 | 186.00 | 188.00 | 146.00 | 231.00 | 213.00 | 218.00 | 185.00 | 301.00 |
| Deferred tax | -0.00 | 6.00 | -2.00 | 3.00 | 2.00 | -5.00 | -7.00 | 5.00 | -1.00 | 7.00 | 3.00 | 7.00 | -10.00 | -2.00 | 7.00 | 8.00 |
| Tax expense | 101.00 | 111.00 | 107.00 | 170.00 | 163.00 | 176.00 | 122.00 | 198.00 | 185.00 | 195.00 | 149.00 | 238.00 | 203.00 | 216.00 | 192.00 | 308.00 |
| Profit for the period | 338.00 | 308.00 | 286.00 | 474.00 | 459.00 | 511.00 | 304.00 | 571.00 | 540.00 | 557.00 | 428.00 | 678.00 | 585.00 | 624.00 | 584.00 | 884.00 |
| Profit attributable to owners | 332.00 | 304.00 | 283.00 | 468.00 | 450.00 | 510.00 | 301.00 | 567.00 | 535.00 | 552.00 | 422.00 | 672.00 | 579.00 | 618.00 | 579.00 | 872.00 |
| Profit attributable to non-controlling interests | 5.00 | 4.00 | 3.00 | 6.00 | 8.00 | 0.00 | 4.00 | 4.00 | 6.00 | 5.00 | 5.00 | 6.00 | 5.00 | 6.00 | 5.00 | 11.00 |
| Other comprehensive income | -0.00 | 4.00 | 19.00 | -16.00 | -13.00 | 2.00 | 59.00 | -7.00 | -3.00 | -1.00 | 5.00 | -1.00 | 12.00 | 1.00 | 12.00 | -1.00 |
| Total comprehensive income | 337.00 | 311.00 | 305.00 | 457.00 | 446.00 | 512.00 | 364.00 | 564.00 | 538.00 | 556.00 | 433.00 | 678.00 | 597.00 | 625.00 | 596.00 | 883.00 |
| Earnings per share, basic | 6.54 | 5.98 | 5.57 | 9.21 | 8.85 | 10.04 | 5.91 | 11.15 | 10.51 | 10.86 | 8.30 | 13.22 | 5.69 | 6.07 | 5.69 | 8.57 |
| Earnings per share, diluted | 6.54 | 5.98 | 5.56 | 9.20 | 8.85 | 10.04 | 5.90 | 11.14 | 10.49 | 10.84 | 8.29 | 13.19 | 5.68 | 6.06 | 5.68 | 8.55 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,079.00 | 7,294.00 | 7,293.00 | 9,921.00 | 11,799.00 | 12,383.00 | 13,140.00 | 14,601.00 |
| Other income | 147.00 | 149.00 | 79.00 | 36.00 | 50.00 | 140.00 | 247.00 | 266.00 |
| Total income | 7,225.00 | 7,444.00 | 7,372.00 | 9,957.00 | 11,849.00 | 12,523.00 | 13,388.00 | 14,867.00 |
| Cost of materials consumed | 3,266.00 | 2,998.00 | 3,018.00 | 5,041.00 | 5,959.00 | 5,103.00 | 5,393.00 | 5,621.00 |
| Purchases of stock-in-trade | 396.00 | 384.00 | 477.00 | 648.00 | 862.00 | 765.00 | 742.00 | 899.00 |
| Changes in inventories | -75.00 | 21.00 | -118.00 | -245.00 | -62.00 | 126.00 | -139.00 | -30.00 |
| Employee benefit expense | 837.00 | 927.00 | 981.00 | 1,112.00 | 1,246.00 | 1,465.00 | 1,742.00 | 1,941.00 |
| Finance costs | 26.00 | 34.00 | 37.00 | 42.00 | 48.00 | 51.00 | 50.00 | 54.00 |
| Depreciation and amortisation | 133.00 | 170.00 | 201.00 | 240.00 | 270.00 | 341.00 | 358.00 | 395.00 |
| Other expenses | 1,287.00 | 1,389.00 | 1,255.00 | 1,517.00 | 1,810.00 | 2,217.00 | 2,390.00 | 2,652.00 |
| Total expenses | 5,869.00 | 5,922.00 | 5,850.00 | 8,355.00 | 10,132.00 | 10,068.00 | 10,537.00 | 11,531.00 |
| Profit before exceptional items and tax | 1,356.00 | 1,522.00 | 1,522.00 | 1,602.00 | 1,717.00 | 2,455.00 | 2,851.00 | 3,336.00 |
| Exceptional items | -18.00 | -55.00 | -4.00 | 0.00 | 0.00 | -72.00 | -25.00 | -14.00 |
| Profit before tax | 1,338.00 | 1,467.00 | 1,519.00 | 1,602.00 | 1,717.00 | 2,383.00 | 2,826.00 | 3,323.00 |
| Current tax | 407.00 | 384.00 | 400.00 | 408.00 | 438.00 | 639.00 | 713.00 | 846.00 |
| Deferred tax | 7.00 | -36.00 | -4.00 | -1.00 | -4.00 | -7.00 | 14.00 | 3.00 |
| Tax expense | 413.00 | 348.00 | 396.00 | 407.00 | 434.00 | 632.00 | 727.00 | 849.00 |
| Profit for the period | 928.00 | 1,122.00 | 1,126.00 | 1,207.00 | 1,289.00 | 1,747.00 | 2,096.00 | 2,471.00 |
| Profit attributable to owners | 928.00 | 1,116.00 | 1,131.00 | 1,208.00 | 1,273.00 | 1,729.00 | 2,076.00 | 2,449.00 |
| Profit attributable to non-controlling interests | 3.00 | 6.00 | -5.00 | -1.00 | 16.00 | 18.00 | 20.00 | 22.00 |
| Other comprehensive income | 3.00 | 4.00 | -11.00 | -22.00 | 32.00 | 32.00 | -6.00 | 24.00 |
| Total comprehensive income | 931.00 | 1,126.00 | 1,115.00 | 1,185.00 | 1,321.00 | 1,779.00 | 2,090.00 | 2,495.00 |
| Earnings per share, basic | 18.21 | 21.98 | 22.26 | 23.76 | 25.05 | 34.01 | 40.82 | 24.07 |
| Earnings per share, diluted | 18.20 | 21.97 | 22.24 | 23.75 | 25.03 | 33.98 | 40.73 | 24.01 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 9,998.00 | 10,525.00 | 11,219.00 | 12,104.00 | 12,755.00 | 14,011.00 | 13,898.00 | 15,433.00 |
| Non-current assets | 5,632.00 | 5,964.00 | 6,162.00 | 6,268.00 | 6,349.00 | 6,549.00 | 6,635.00 | 6,901.00 |
| Current assets | 4,366.00 | 4,562.00 | 5,057.00 | 5,833.00 | 6,406.00 | 7,462.00 | 7,263.00 | 8,532.00 |
| Property, plant and equipment | 1,861.00 | 2,001.00 | 2,327.00 | 2,554.00 | 2,617.00 | 2,836.00 | 2,904.00 | 2,931.00 |
| Capital work-in-progress | 225.00 | 406.00 | 271.00 | 148.00 | 161.00 | 129.00 | 155.00 | 329.00 |
| Goodwill | 1,287.00 | 1,290.00 | 1,290.00 | 1,282.00 | 1,283.00 | 1,282.00 | 1,285.00 | 1,287.00 |
| Other intangible assets | 1,641.00 | 1,624.00 | 1,607.00 | 1,614.00 | 1,599.00 | 1,587.00 | 1,571.00 | 1,556.00 |
| Inventories | 1,964.00 | 1,817.00 | 1,591.00 | 1,415.00 | 1,570.00 | 1,685.00 | 1,513.00 | 1,738.00 |
| Trade receivables | 1,654.00 | 1,535.00 | 1,752.00 | 1,675.00 | 1,914.00 | 1,811.00 | 2,143.00 | 2,181.00 |
| Cash and cash equivalents | 227.00 | 310.00 | 334.00 | 515.00 | 377.00 | 324.00 | 252.00 | 232.00 |
| Total equity and liabilities | 9,998.00 | 10,525.00 | 11,219.00 | 12,104.00 | 12,755.00 | 14,011.00 | 13,898.00 | 15,433.00 |
| Equity | 6,816.00 | 7,446.00 | 7,747.00 | 8,617.00 | 8,909.00 | 9,958.00 | 9,756.00 | 11,049.00 |
| Equity share capital | 51.00 | 51.00 | 51.00 | 51.00 | 51.00 | 51.00 | 102.00 | 102.00 |
| Other equity | 6,552.00 | 7,161.00 | 7,477.00 | 8,356.00 | 8,664.00 | 9,704.00 | 9,452.00 | 10,730.00 |
| Total liabilities | 3,182.00 | 3,079.00 | 3,472.00 | 3,487.00 | 3,847.00 | 4,054.00 | 4,142.00 | 4,384.00 |
| Non-current liabilities | 572.00 | 668.00 | 683.00 | 689.00 | 682.00 | 764.00 | 763.00 | 799.00 |
| Current liabilities | 2,611.00 | 2,411.00 | 2,789.00 | 2,798.00 | 3,165.00 | 3,290.00 | 3,379.00 | 3,585.00 |
| Borrowings, non-current | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 551.00 | 163.00 | 185.00 | 131.00 | 138.00 | 147.00 | 142.00 | 106.00 |
| Trade payables | 1,059.00 | 1,064.00 | 1,233.00 | 1,148.00 | 1,388.00 | 1,390.00 | 1,311.00 | 1,537.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 308.00 | 1,558.00 | 1,386.00 | 2,724.00 | 1,172.00 | 2,285.00 | 1,434.00 | 2,829.00 |
| Net cash from investing activities | -153.00 | -899.00 | -740.00 | -1,770.00 | -430.00 | -1,540.00 | 84.00 | -1,225.00 |
| Net cash from financing activities | -288.00 | -656.00 | -655.00 | -742.00 | -853.00 | -918.00 | -1,586.00 | -1,673.00 |
| Purchase of property, plant and equipment | 180.00 | 505.00 | 294.00 | 559.00 | 225.00 | 452.00 | 289.00 | 593.00 |
| Net increase in cash | -133.00 | 2.00 | -9.00 | 213.00 | -111.00 | -173.00 | -67.00 | -68.00 |
| con:CFO.BEFORE_TAX | 489.00 | 1,969.00 | 1,632.00 | 3,372.00 | 1,476.00 | 3,018.00 | 1,759.00 | 3,692.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 181.00 | 412.00 | 245.00 | 648.00 | 304.00 | 733.00 | 325.00 | 862.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 968.00 | 1,851.00 | 0.00 | -20.00 | 0.00 | 13.00 | 0.00 | 45.00 |
| con:INVESTMENTS_SOLD | 991.00 | 1,448.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 8.00 | 1.00 | 6.00 | 4.00 | 4.00 | 0.00 | 4.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 47.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 10.00 | 10.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-24 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 69.92 | 69.86 | 69.84 | 69.77 | 69.75 | 69.60 | 69.60 | 69.50 | 69.36 | 69.33 | 0.69 | 0.69 | 0.69 | 0.69 |
| Domestic institutions | 7.93 | 8.02 | 8.32 | 8.94 | 8.98 | 8.91 | 9.16 | 9.43 | 9.15 | 9.10 | 0.09 | 0.09 | 0.10 | 0.10 |
| Mutual funds | — | — | — | — | — | — | — | — | 4.64 | 4.61 | 0.05 | 0.05 | 0.04 | 0.04 |
| Insurance companies | 3.79 | 4.19 | 4.56 | 5.07 | 5.14 | 4.98 | 4.70 | 4.07 | 3.97 | 3.90 | 0.04 | 0.04 | 0.05 | 0.05 |
| Foreign institutions | 11.34 | 11.44 | 11.49 | 11.31 | 11.58 | 11.96 | 11.79 | 11.60 | 12.13 | 12.17 | 0.12 | 0.12 | 0.12 | 0.12 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 30.08 | 30.14 | 30.16 | 30.23 | 30.25 | 30.40 | 30.40 | 30.50 | 30.64 | 30.67 | 0.31 | 0.31 | 0.31 | 0.31 |
| Non-institutional | 10.82 | 10.68 | 10.34 | 9.98 | 9.68 | 9.53 | 9.46 | 9.47 | 9.35 | 9.39 | 0.09 | 0.09 | 0.09 | 0.09 |
| Shares outstanding | 508345285 | 508462940 | 508609340 | 508609340 | 508609340 | 508613505 | 508646055 | 508648755 | 508648755 | 1017714032 | 1017714032 | 1017714032 | 1017766288 | 1017775348 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Vinyl Chemicals (India) Ltd | Significant Influence | Purchase of goods or services | 2,877,000,000.00 | 1 |
| ICA Pidilite Pvt Ltd | Subsidiary | Any other transaction, Dividend received, Purchase o | 372,600,000.00 | 5 |
| Pidilite Litokol Pvt Ltd | Subsidiary | Any other transaction, Purchase of goods or services | 362,500,000.00 | 3 |
| Pyramid Waterproofing Services LLP | RP of Subsidiary company | Any other transaction | 253,300,000.00 | 1 |
| Tenax Pidilite India Pvt. Ltd. | Subsidiary | Any other transaction, Purchase of goods or services | 220,400,000.00 | 4 |
| Industria Chimica Adritica Spa (ICA Italy) | RP of Subsidiary company | Any other transaction, Dividend paid, Purchase of go | 158,800,000.00 | 3 |
| Building Envelope Systems India Ltd | Subsidiary | Any other transaction, Purchase of goods or services | 108,600,000.00 | 2 |
| Ogilvy & Mather Pvt Ltd | Entity in which Director is associ | Any other transaction | 100,200,000.00 | 1 |
| Valspar (India) Coating Corporation Private Limited | RP of Subsidiary company | Any other transaction, Purchase of goods or services | 78,700,000.00 | 2 |
| Litokol SPA | RP of Subsidiary company | Any other transaction, Purchase of goods or services | 67,600,000.00 | 2 |
| Shri Bharat Puri | Managing Director | Any other transaction | 67,000,000.00 | 1 |
| Tenax SPA | RP of Subsidiary company | Purchase of goods or services | 65,700,000.00 | 1 |
| Pidilite Lanka (Pvt) Ltd | Subsidiary | Any other transaction, Sale of goods or services | 62,900,000.00 | 2 |
| Hybrid Coatings | Subsidiary | Any other transaction, Purchase of goods or services | 62,200,000.00 | 5 |
| Shri Sudhanshu Vats | Managing Director Designate | Any other transaction | 61,800,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-12 | Q1FY27 | INDUSTRIES LIMITED, PIDILITE INDUSTRIES LIMITED, – PIDILITE INDUSTRIES LIMITED | Read the call |
| 2026-05-15 | Q4FY26 | INDUSTRIES LIMITED, PIDILITE INDUSTRIES LIMITED | Read the call |
| 2026-02-11 | Q3FY26 | PIDILITE INDUSTRIES LIMITED, – PIDILITE INDUSTRIES LIMITED | Read the call |
| 2025-08-14 | Q1FY26 | PIDILITE INDUSTRIES LIMITED, – PIDILITE INDUSTRIES LIMITED | Read the call |
| 2025-05-16 | Q4FY25 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2025-01-29 | Q3FY25 | DHARMENDRA, INDUSTRIES LIMITED, SENIOR | Read the call |
| 2024-10-30 | Q2FY25 | INDUSTRIES LIMITED | Read the call |
| 2024-08-14 | Q1FY25 | INDUSTRIES LIMITED | Read the call |
| 2023-08-18 | Q1FY24 | Read the call | |
| 2023-05-12 | Q4FY23 | DIRECTOR, FINANCIAL OFFICER, MANAGING DIRECTOR, SERVICES LIMITED | Read the call |
| 2023-02-01 | Q3FY23 | CFO, PIDILITE INDUSTRIES LIMITED, DIRECTOR, PIDILITE INDUSTRIES LIMITED, INDUSTRIES LIMITE | Read the call |
| 2022-11-16 | Q2FY23 | DIRECTOR, PIDILITE INDUSTRIES LIMITED, INDUSTRIES LIMITED, LIMITED, PIDILITE INDUSTRIES LI | Read the call |
| 2022-08-16 | Q1FY23 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2022-05-24 | Q4FY22 | Read the call | |
| 2022-02-01 | Q3FY22 | Read the call | |
| 2021-11-15 | Q2FY22 | Read the call | |
| 2021-08-16 | Q1FY22 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2021-05-15 | Q4FY21 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2021-02-02 | Q3FY21 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2020-11-12 | Q2FY21 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2020-08-12 | Q1FY21 | Read the call | |
| 2020-06-25 | Q4FY20 | Read the call | |
| 2020-02-07 | Q3FY20 | Read the call | |
| 2019-11-27 | Q2FY20 | Read the call | |
| 2019-08-19 | Q1FY20 | Read the call | |
| 2019-05-28 | Q4FY19 | PIDILITE INDUSTRIES LIMITED | Read the call |
| 2019-01-31 | Q3FY19 | ANALYST:, INDUSTRIES LIMITED, January 24, 2019, PIDILITE INDUSTRIES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY26 | Q4FY19 | Q4FY20 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | One is, what would be the capex for FY2020 and the tax rate? | — | Our Capex remains at the same INR 300 to INR 350 crores a year. | As far as capex is concerned, I must tell you one of the things and I have spoken about this earlier we were very clear that use this period to build … | The reason I am asking is because, we have got to understand that the CAPEX survival cycle is going on very strong. | — | So our capex in the year also was higher than what we had spent in the previous year. |
| Capital allocation | — | — | I do not know if this is just because the investments have gone down, just wanted to check if there is any or are you keeping powder dry for any acqui… | I think what we had indicated at the time of acquisition was that the business size was close to INR 400 crore. | We have shown over the last two years that we have beaten the acquisition case and what we said by a large number, but we still believe there is a lot… | The Board has recommended a final dividend of Rs. | 7 crores due to a share buyback of our Pidilite USA subsidiary and there was divestment of our subsidiary in Brazil. | The Board also approved a final dividend of INR11.5 per share on an expanded share capital. |
| Costs | February 04, 2026 or down but VAM today is maybe even less than 10% of our raw material basket. | However, gross margins have improved by 3% versus Q3 FY2019 and are now close to gross margins of Q1 FY2019. The current spot price of our major raw m… | The second bit was on the input cost, while you had highlighted the current prices were $650 to $700 in VAM what was the average for the fourth quarte… | Our key raw material, vinyl acetate monomer, procurement rates over the last few months have increased from around $930 all the way up to $2,000. | See the competitive intensity, frankly over the last 12 to 24 months has actually been lesser than normal, largely because of two reasons - I think ma… | Consolidated margins came in at 242 basis points lower, largely on account of the escalation input costs which were pronounced in the first half of la… | For example, in Q4 again most consumer companies staff cost is almost stagnant on YoY basis and If I see BSE 500 also, Q4 and earlier quarter also the… | And lastly, to the point of inflation, which is a third point, I think inflation is real on our weighted average raw material basket, inflation is any… |
| Debt and cash | — | — | — | My first question is on the working capital. | No, with our retail footprint and our ability to influence in retail we are not finding a substantial difference in working capital across the categor… | The operational cash flow remained healthy during the year and working capital in March was kind of similar levels as what it was in March 22. | — | The performance on cash, including working capital continues to remain strong. |
| Demand | We have got many of these in the pipeline. | Has there been any pricing action in the market during the quarter or till date in terms of given where the demand environment or the input cost is? | So, is supply disruption still an issue or still a demand? | Capacity disruption at manufacturing sites and overall pick up in global recovery and strong domestic demand have led to this inflation. | If the geopolitical issue gets resolved, do you see a big crash coming given in China there is specific slowdown; do you see that happening at some st… | With the aim of upgrading our manufacturing facilities and servicing market demand, we have commissioned three plants in this calendar year with the p… | As we had mentioned earlier, we stepped up our advertising and sales promotion spends to drive demand generation. | As I travel across the country, both large cities and small towns, I continue to see a buoyancy in demand. |
| Guidance | Is the growth giving you now confidence to also take some marginal pricing, and can we expect that going ahead also? | So, there was a correction in terms of consumption costs versus Q3. Q4 is much lower, and we expect it would be even lower going forward. | Just wanted to understand the Rs.70 Crores investment that you have done what kind of Pepperfry revenue are we expecting from product sales on a norma… | We expect better realization in margins after the current raw material cycle is settled and growth momentum expected to continue. | Fair point and any capex guidance for this year and next year? | So, our guidance for FY24 remains double digit volume growth and 20% to 24% EBITDA margins, is that correct? | The key risk in assuming that Q4 is a reasonable guide on what we can see panning out in FY26 which is the caution for you is the longer period of geo… | Assuming that we settle, let's say at 85% to 90% kind of crude level for the rest of the year, what kind of margin can we expect? |
| Margin | And despite all that one-offs and increased A&SP spending, our stand-alone EBITDA margins improved by about 24 basis points and stand at 24.5%. | EBITDA for the FY2018-19 stood at Rs.1298 Crores and was flat over the previous financial year given the input cost-led contraction in gross margins. | Now moving on to international subsidiaries, Subsidiary in Bangladesh reported higher sales and EBITDA growth for the quarter. | EBITDA before nonoperating income at INR 408 crores grew by 43% over the same quarter last year. | Sir if we look at growth and margin pressure from the core, pioneer and growth categories that divide the portfolio, segregate portfolio, are there an… | Consolidated EBITDA came in just a shade under Rs. | Our EBITDA margins remained in line with the fourth quarter at Pidilite Industries May 09, 2025 | EBITDA margin expanded by 310 bps. All of it flows down to PAT, which grew by 36.6%. |
| People | — | — | There is a small value, which we are transferring to our internal other business for utilization, but as far as the project is concerned, there is not… | — | — | And Mr. Puri the last bit was on talent management you all are operating across multiple categories, and done so well, and we just wanted to understan… | — | So the production and the capacity utilization has been severely impacted. |
| Pricing | And Sudhanshu, second follow-up is, do we have clarity now almost reasonably on U.S., what kind of pricing rates, etcetera, because details have not c… | We have not had any price increases or decreases in the last quarter. | — | My first question is on vinyl acetate monomer, so $2,000 pricing is absolutely unheard of. | So, we have had a fair amount of people entering but from an intensity point of view, the large amount of competition tends to be at, what I call the … | This was driven by strong volume growth, improved mix and price increases. | And do you think this year could be a year where of pricing perspective it could be a deflationary year or at this point of time it's too early to say… | And in this context, we have taken one price increase in early to mid-April. |
| Revenue growth | For the quarter, our domestic subsidiaries reported a sales growth of 4% with a marginal decline in EBITDA. | Our domestic subsidiaries recorded a sales growth of 24.9%, while international subsidiaries grew by 8.4%. | I think if you look at our performance or even for a full year basis, the volume growth was broadly around half, roughly half of the total net sales f… | — | Understood, one final question now Huntsman portfolio seems to have stabilized around quarterly run rate of Rs.140 Crores – Rs.150 Crores which is abo… | Growth was broad based across the Consumer and Bazaar and the B2B segments with the Domestic Consumer and Bazaar segment reporting growth in excess of… | So, the quarter's standalone revenue growth was 10.2%. | Now supposing this year also, if the inflation was flat and the growth was 0, assuming demand being similar, like that is the base case that 0 pricing… |