A leading producer of adhesives, sealants, and construction chemicals Pidilite Industries. has had significant growth in recent years. The company’s prospects are a source of interest for both investors and market experts, particularly in terms of the share price objective. It’s critical to determine whether Pidilite Industries is a good stock to buy given the stock market’s rising volatility and unpredictability.
To forecast the Pidilite share price projection for 2024 to 2030, we will examine the Pidilite Industries’ financial statements and historical trends in this article.
We will also look at potential future stock performance drivers, offering information to assist investors in making wise choices.
PIDILITE INDUSTRIES LTD Q3 FY24 Results
- Q3 FY24 results
- Profit increased by 67.83% YoY to ₹510.48Cr
- Topline grew by 4.42% YoY, reaching ₹3129.99Cr
- Quarter-over-quarter (QoQ) comparison:
- Revenue increased by 1.75%
- Profit rose by 13.4%
- Operating income surged by 9.67%
- Earnings per share (EPS) for Q3 FY24: ₹10.04, a 67.89% YoY increase
- Stock returns faced challenges:
- -9.76% return in the last week
- -3.25% return in the last 6 months
- -7.09% year-to-date (YTD) return
As of February 13th, 2024, Pidilite Industries is trading at ₹2,673 with a market cap of ₹1,35,949 Crore. The current PE ratio is 79.4.
Below are the trading platforms that you can use to purchase Pidilite Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| February 2024 | 2,695.00 | 2,343.48 |
| March 2024 | 2,750.00 | 2,391.30 |
| April 2024 | 2,669.90 | 2,321.65 |
| May 2024 | 2,630.45 | 2,287.34 |
| June 2024 | 2,725.14 | 2,369.69 |
| July 2024 | 2,697.89 | 2,345.99 |
| August 2024 | 2,805.81 | 2,439.83 |
| September 2024 | 2,918.04 | 2,537.43 |
| October 2024 | 2,860.82 | 2,487.67 |
| November 2024 | 2,946.65 | 2,562.30 |
| December 2024 | 3,020.31 | 2,626.36 |
In February 2024, the maximum price is projected to reach ₹2,695.00, while the minimum price is anticipated to be ₹2,343.48. As the year progresses, the trend continues with fluctuations, reaching a peak of ₹3,020.31 in December 2024 and a low of ₹2,287.34 in May 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,080.72 | 2,369.78 |
| February 2025 | 3,159.71 | 2,430.55 |
| March 2025 | 3,282.94 | 2,525.34 |
| April 2025 | 3,218.57 | 2,475.82 |
| May 2025 | 3,124.82 | 2,403.71 |
| June 2025 | 3,265.44 | 2,511.88 |
| July 2025 | 3,201.41 | 2,462.63 |
| August 2025 | 3,300.43 | 2,538.79 |
| September 2025 | 3,415.94 | 2,627.65 |
| October 2025 | 3,504.76 | 2,695.97 |
| November 2025 | 3,592.37 | 2,763.37 |
| December 2025 | 3,682.18 | 2,832.45 |
Anticipated for January 2025, the maximum price is forecasted to reach ₹3,080.72, with a projected minimum price of ₹2,369.78. Throughout the year, prices are expected to fluctuate, hitting a peak of ₹3,682.18 in December 2025 and a low of ₹2,403.71 in May 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,224.63 | 3,249.72 |
| February 2026 | 4,332.95 | 3,333.04 |
| March 2026 | 4,501.94 | 3,463.03 |
| April 2026 | 4,413.67 | 3,395.13 |
| May 2026 | 4,285.11 | 3,296.24 |
| June 2026 | 4,477.94 | 3,444.57 |
| July 2026 | 4,390.14 | 3,377.03 |
| August 2026 | 4,525.92 | 3,481.48 |
| September 2026 | 4,684.32 | 3,603.33 |
| October 2026 | 4,806.12 | 3,697.01 |
| November 2026 | 4,926.27 | 3,789.44 |
| December 2026 | 5,049.43 | 3,884.17 |
In the promising landscape of 2026, Pidilite Industries’ shares are poised for an impressive ascent. The year kicks off with January showing a projected range between a robust maximum of 4,224.63 and a solid minimum of 3,249.72.
The momentum continues throughout the months, with February expected to reach a maximum of 4,332.95 and a minimum of 3,333.04. March brings further optimism with prices ranging from 4,501.94 to 3,463.03.
The upward trajectory persists, culminating in December 2026, where the share price is anticipated to soar between an enticing maximum of 5,049.43 and a resilient minimum of 3,884.17.
| When | Maximum Price | Minimum Price |
| January 2027 | 5,150.42 | 3,961.86 |
| February 2027 | 5,282.48 | 4,063.44 |
| March 2027 | 5,488.49 | 4,221.92 |
| April 2027 | 5,380.88 | 4,139.14 |
| May 2027 | 5,224.15 | 4,018.58 |
| June 2027 | 5,459.24 | 4,199.41 |
| July 2027 | 5,352.20 | 4,117.07 |
| August 2027 | 5,517.73 | 4,244.41 |
| September 2027 | 5,710.85 | 4,392.96 |
| October 2027 | 5,859.33 | 4,507.18 |
| November 2027 | 6,005.81 | 4,619.86 |
| December 2027 | 6,155.96 | 4,735.35 |
| When | Maximum Price | Minimum Price |
| January 2028 | 6,279.08 | 4,830.06 |
| February 2028 | 6,440.08 | 4,953.91 |
| March 2028 | 6,691.24 | 5,147.11 |
| April 2028 | 6,560.04 | 5,046.19 |
| May 2028 | 6,368.97 | 4,899.21 |
| June 2028 | 6,655.58 | 5,119.67 |
| July 2028 | 6,525.07 | 5,019.29 |
| August 2028 | 6,726.88 | 5,174.52 |
| September 2028 | 6,962.32 | 5,355.63 |
| October 2028 | 7,143.34 | 5,494.88 |
| November 2028 | 7,321.93 | 5,632.25 |
| December 2028 | 7,504.97 | 5,773.06 |
| When | Maximum Price | Minimum Price |
| January 2029 | 7,655.07 | 5,888.52 |
| February 2029 | 7,851.36 | 6,039.51 |
| March 2029 | 8,157.56 | 6,275.05 |
| April 2029 | 7,997.61 | 6,152.01 |
| May 2029 | 7,764.67 | 5,972.82 |
| June 2029 | 8,114.08 | 6,241.60 |
| July 2029 | 7,954.98 | 6,119.21 |
| August 2029 | 8,201.01 | 6,308.47 |
| September 2029 | 8,488.04 | 6,529.26 |
| October 2029 | 8,708.73 | 6,699.03 |
| November 2029 | 8,926.45 | 6,866.50 |
| December 2029 | 9,149.61 | 7,038.16 |
| When | Maximum Price | Minimum Price |
| January 2030 | 9,332.60 | 7,178.93 |
| February 2030 | 9,571.90 | 7,363.00 |
| March 2030 | 9,945.21 | 7,650.16 |
| April 2030 | 9,750.20 | 7,500.16 |
| May 2030 | 9,466.22 | 7,281.70 |
| June 2030 | 9,892.20 | 7,609.38 |
| July 2030 | 9,698.23 | 7,460.18 |
| August 2030 | 9,998.18 | 7,690.90 |
| September 2030 | 10,348.11 | 7,960.09 |
| October 2030 | 10,617.16 | 8,167.05 |
| November 2030 | 10,882.59 | 8,371.23 |
| December 2030 | 11,154.66 | 8,580.51 |
Financial Condition of Pidilite Industries: Last 5 years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Crore Rs.) |
7,078 | 7,294 | 7,293 | 9,921 | 11,799 |
| Expenses (Crore Rs.) |
5,707 | 5,718 | 5,606 | 8,065 | 9,815 |
| Operating Profit (Crore Rs.) |
1,371 | 1,576 | 1,686 | 1,856 | 1,984 |
| OPM % | 19% | 22% | 23% | 19% | 17% |
| Other Income (Crore Rs.) |
130 | 97 | 74 | 39 | 56 |
| Interest (Crore Rs.) |
26 | 34 | 37 | 42 | 48 |
| Depreciation (Crore Rs.) |
133 | 170 | 201 | 240 | 270 |
| Profit Before Tax (Crore Rs.) |
1,342 | 1,470 | 1,522 | 1,614 | 1,723 |
| Tax % | 31% | 24% | 26% | 25% | 25% |
| Net Profit (Crore Rs.) |
928 | 1,122 | 1,126 | 1,207 | 1,289 |
| EPS in Rs | 18.21 | 21.97 | 22.26 | 23.76 | 25.05 |
| Dividend Payout % | 36% | 32% | 38% | 42% | 44% |
Over the past five years, the financial performance of Pidilite Industries has been highly promising, positioning it as an appealing investment prospect for discerning investors. The adhesive company has achieved consistent growth in sales, with revenues reaching an impressive figure of ₹11,799 crore in 2023.
Furthermore, its operating profit has displayed a steady upward trend, with an operating profit margin ranging from 17% to 23%, indicating a robust profitability ratio. The company’s diversified revenue streams, including supplementary income sources, contribute to its financial stability.
Moreover, the company boasts an extensive and well-established distribution network spanning across India, comprising over 4,800 distributors servicing a vast network of 200,000 dealers, retailers, and contractors. This expansive reach ensures market penetration and accessibility to a wide customer base.
Additionally, the company has demonstrated commendable compounded profit growth rates, with an average of 12% over 10 years, signaling sustained and consistent progress. Given its strong financial performance and wide distribution network, this company presents an enticing opportunity for investors seeking stable growth and an established presence in the Indian market.
FAQS
Several factors affect Pidilite Industries’ share price, including the company’s financial performance, market conditions, and global economic trends.
What has Pidilite Industries’ financial performance been like in the last five years?
Pidilite Industries has shown consistent growth in revenue, operating profit, and net profit over the last five years, with a compound annual growth rate (CAGR) of 16.6%.
It is difficult to predict Pidilite Industries’ share price with certainty, but the company’s growth potential and market conditions make it a possibility.
How does Pidilite Industries’ operating profit margin compare to its peers?
Pidilite Industries’ operating profit margin has remained relatively stable over the last five years, with an average margin of 20.42%, which is higher than its industry peers.
How has Pidilite Industries’ revenue growth trended over the last five years?
Pidilite Industries’ revenue has shown consistent growth over the last five years, with a CAGR of 14%, driven by strong performance in both domestic and international markets.
How does Pidilite Industries’ profit growth compare to its revenue growth?
Pidilite Industries’ profit growth has outpaced its revenue growth, with a CAGR of 6% over the last five years, indicating efficient cost management and operational excellence. The profit % is on the lower side which is expected to grow in the coming years.
Pidilite Industries’ consistent growth in revenue, profit, and dividend payout ratio, along with a strong market position and growth potential, makes it an attractive option for long-term investors. However, investors should conduct their own research and due diligence before making any investment decisions.
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Conclusion
In conclusion, Pidilite Industries has demonstrated impressive growth and performance over the years. With a consistent revenue growth rate of 16.4% and a profit growth outpacing revenue at a CAGR of 18.3% over the last five years, the company has showcased its operational excellence and efficient cost management.
Pidilite Industries’ success can be attributed to its strong domestic and international presence, with a well-established infrastructure consisting of 26 manufacturing facilities and 29 co-makers in India. The company’s global operations span across 9 countries, with exports reaching approximately 80 countries.
Additionally, Pidilite Industries has successfully established itself in the Bangladesh market, boasting a presence of over 15 years. With a robust network and a strong market position, Pidilite Industries is well-positioned for continued growth and success in the future.
Pidilite covers more than 70% of the market share, it is gaining a higher valuation compared to its growth and profits. The business is evergreen and the profit and sales are likely to keep growing.
With the next real estate boom coming, Pidilite Industries is expected to see growth hand in hand.
What did we learn?
- 1 PIDILITE INDUSTRIES LTD Q3 FY24 Results
- 2 How to purchase Pidilite Industries shares?
- 3 Pidilite Industries Share Price Prediction: 2024 to 2030
- 3.1 Pidilite Industries Share Price Target 2024
- 3.2 Pidilite Industries Share Price Target 2025
- 3.3 Pidilite Industries Share Price Target 2026
- 3.4 Pidilite Industries Share Price Target 2027
- 3.5 Pidilite Industries Share Price Target 2028
- 3.6 Pidilite Industries Share Price Target 2029
- 3.7 Pidilite Industries Share Price Target 2030
- 4 Financial Condition of Pidilite Industries: Last 5 years
- 5 FAQS
- 5.1 What factors affect Pidilite Industries’ share price?
- 5.2 What has Pidilite Industries’ financial performance been like in the last five years?
- 5.3 Can Pidilite Industries’ share price reach 10,000 INR by 2025?
- 5.4 How does Pidilite Industries’ operating profit margin compare to its peers?
- 5.5 How has Pidilite Industries’ revenue growth trended over the last five years?
- 5.6 How does Pidilite Industries’ profit growth compare to its revenue growth?
- 5.7 Is investing in Pidilite Industries’ shares a good option for long-term investors?
- 6 Conclusion
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