Pidilite Industries Ltd
About
Led by Madhubar B. Parekh, Pidilite Industries is a pioneer in the adhesives, waterproofing, and pigments industry. Though Pidilite’s flagship product was the white synthetic resin, it has now expanded to wood adhesives, construction chemicals, art stationery, fabric care, decorative paints, industrial products, wood finishes, tile adhesives, and maintenance and repair. Fevicol, Dr. Fixit, Fevikwik, and Fevistik are the most widely known of its 25+ brands. Two of Pidilite’s subsidiary R&D centres are located in Baroda (R&D ICA) and Kishangarh (R&D Groupopuma). It has another research centre in Singapore, and its products can be found in more than 80 countries across the world. Bharat Puri is currently the managing director of Pidilite Industries, leading almost 9000 employees spread across its 68 manufacturing units in India.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 12397 4.0% | 11917 16.7% | 10214 36.3% | 7494 0.9% | 7426 1.7% | 7303 17.3% | 6228 8.0% | 5765 6.4% | 5419 10.6% | 4902 11.7% | 4387 15.3% | 3804 18.7% | 3204 16.5% | 2750 21.8% | 2258 12.1% | 2014 - |
| Net Operating Income (INR Cr) | 12383 4.95% | 11799 18.93% | 9921 36.04% | 7293 -0.02% | 7294 3.06% | 7078 16.44% | 6078 8.22% | 5617 4.77% | 5361 10.67% | 4844 13.10% | 4283 16.45% | 3678 17.64% | 3127 17.66% | 2657 21.11% | 2194 10.46% | 1986 16.40% |
| Profit (INR Cr) | 1729 35.8% | 1273 5.4% | 1208 6.8% | 1131 1.3% | 1116 20.7% | 925 -3.9% | 962 11.9% | 860 7.1% | 803 56.6% | 513 14.0% | 450 6.1% | 424 30.7% | 324 4.6% | 310 13.7% | 273 144.4% | 112 - |
| Assets (INR Cr) | 9103 14.8% | 7931 11.6% | 7110 14.0% | 6236 24.3% | 5018 9.1% | 4598 14.9% | 4003 6.7% | 3753 34.1% | 2798 18.7% | 2357 15.9% | 2035 14.3% | 1781 7.7% | 1653 15.6% | 1430 6.7% | 1341 2.9% | 1304 - |
| Net Worth (INR Cr) | 8407 16.6% | 7212 12.6% | 6404 14.5% | 5593 25.5% | 4456 7.4% | 4148 16.1% | 3574 3.0% | 3471 31.6% | 2638 16.2% | 2271 16.3% | 1953 18.2% | 1652 25.1% | 1321 21.8% | 1085 24.4% | 872 25.6% | 694 12.5% |
| Employee Cost (INR Cr) | 1465 17.6% | 1246 12.0% | 1112 13.4% | 981 5.8% | 927 10.8% | 837 17.4% | 712 10.4% | 645 12.8% | 572 13.9% | 502 12.0% | 448 19.7% | 375 14.8% | 326 13.7% | 287 13.7% | 252 14.5% | 220 - |
| Interest Cost (INR Cr) | 51 | 48 | 42 | 37 | 34 | 26 | 16 | 14 | 13 | 16 | 16 | 16 | 31 | 36 | 38 | 44 |
| Cash & Bank Balance (INR Cr) | 533 | 327 | 355 | 451 | 703 | 190 | 164 | 100 | 132 | 76 | 177 | 151 | 273 | 104 | 45 | 160 |
| Total Debt (INR Cr) | 382 | 391 | 416 | 331 | 288 | 113 | 125 | 98 | 80 | 58 | 46 | 111 | 321 | 336 | 469 | 609 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 14.0% | 10.7% | 11.8% | 15.1% | 15.0% | 12.7% | 15.5% | 14.9% | 14.8% | 10.5% | 10.3% | 11.2% | 10.1% | 11.3% | 12.1% | 5.5% |
| Profit As % Of Assets | 19.0% | 16.1% | 17.0% | 18.1% | 22.3% | 20.1% | 24.0% | 22.9% | 28.7% | 21.8% | 22.1% | 23.8% | 19.6% | 21.7% | 20.3% | 8.6% |
| Profit As % Of Networth | 20.6% | 17.7% | 18.9% | 20.2% | 25.1% | 22.3% | 26.9% | 24.8% | 30.4% | 22.6% | 23.0% | 25.7% | 24.6% | 28.6% | 31.3% | 16.1% |
| Interest Cost to EBITDA % | 2.0% | 2.4% | 2.3% | 2.2% | 2.2% | 1.9% | 1.2% | 1.1% | 1.1% | 2.0% | 2.5% | 2.7% | 6.4% | 7.8% | 10.0% | 21.8% |
| Debt to Equity Ratio | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.07 | 0.24 | 0.31 | 0.54 | 0.88 |
| RONW | 22.4% | 18.9% | 20.1% | 22.4% | 26.1% | 24.0% | 27.4% | 28.3% | 32.9% | 24.1% | 24.8% | 28.4% | 26.8% | 31.5% | 34.5% | 16.9% |
| ROCE | 29.3% | 24.2% | 25.7% | 28.9% | 32.7% | 33.3% | 36.9% | 39.6% | 45.2% | 31.7% | 33.0% | 34.8% | 30.1% | 31.7% | 26.4% | 14.0% |