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 Q4 Financial Performance Highlights
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- Pidilite Industries reported a 7.91% increase in revenue compared to the previous year, with a 7.29% decline from the previous quarter.
- Profit rose by 6.2% year-over-year but decreased by 41.12% quarter-over-quarter.
- Selling, general & administrative expenses saw a 17.52% increase year-over-year and a slight 0.2% rise quarter-over-quarter.
- Operating income grew by 2.54% year-over-year but dropped significantly by 40.76% quarter-over-quarter.
- Earnings per share (EPS) for Q4 stood at ₹6.9, marking a 24.13% increase from the previous year.
- Pidilite Industries delivered a -2.35% return in the last week, with gains of 21% over the past six months and an 8.66% year-to-date return.
- The company currently holds a market capitalization of ₹150052.5 Cr, with a 52-week high and low of ₹3118 and ₹2292.55 respectively.
As of June 18th, 2024, Pidilite Industries is trading at ₹3,131 with a market cap of ₹1,59,246 Crore. The current PE ratio is 89.4.
Below are the trading platforms that you can use to purchase Pidilite Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 3,381.48 | 2,940.42 |
| July 2024 | 3,347.67 | 2,911.01 |
| August 2024 | 3,481.57 | 3,027.45 |
| September 2024 | 3,620.83 | 3,148.55 |
| October 2024 | 3,549.84 | 3,086.82 |
| November 2024 | 3,656.33 | 3,179.42 |
| December 2024 | 3,747.74 | 3,258.91 |
Pidilite Industries’ share price targets for 2024 show a range from a minimum of ₹2,911.01 in July to a maximum of ₹3,747.74 in December, reflecting potential growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,822.70 | 2,940.54 |
| February 2025 | 3,920.71 | 3,015.93 |
| March 2025 | 4,073.62 | 3,133.56 |
| April 2025 | 3,993.75 | 3,072.11 |
| May 2025 | 3,877.42 | 2,982.63 |
| June 2025 | 4,051.91 | 3,116.85 |
| July 2025 | 3,972.46 | 3,055.74 |
| August 2025 | 4,095.32 | 3,150.25 |
| September 2025 | 4,238.65 | 3,260.50 |
| October 2025 | 4,348.86 | 3,345.28 |
| November 2025 | 4,457.58 | 3,428.91 |
| December 2025 | 4,569.02 | 3,514.63 |
Pidilite Industries’ share price targets for 2025 indicate a progressive rise, with projected maximums ranging from ₹3,822.70 in January to ₹4,569.02 by December. The minimum targets start at ₹2,940.54 and increase to ₹3,514.63 over the same period.
| When | Maximum Price | Minimum Price |
| January 2026 | 4,706.09 | 3,620.07 |
| February 2026 | 4,826.76 | 3,712.89 |
| March 2026 | 5,015.00 | 3,857.70 |
| April 2026 | 4,916.67 | 3,782.05 |
| May 2026 | 4,773.47 | 3,671.90 |
| June 2026 | 4,988.27 | 3,837.13 |
| July 2026 | 4,890.46 | 3,761.90 |
| August 2026 | 5,041.72 | 3,878.24 |
| September 2026 | 5,218.18 | 4,013.98 |
| October 2026 | 5,353.85 | 4,118.34 |
| November 2026 | 5,487.69 | 4,221.30 |
| December 2026 | 5,624.89 | 4,326.84 |
Pidilite Industries’ share price targets for 2026 anticipate robust growth, with projected maximums climbing from ₹4,706.09 in January to ₹5,624.89 by December. Minimum targets start at ₹3,620.07 and rise to ₹4,326.84 over the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 5,737.38 | 4,413.37 |
| February 2027 | 5,884.50 | 4,526.54 |
| March 2027 | 6,113.99 | 4,703.07 |
| April 2027 | 5,994.11 | 4,610.85 |
| May 2027 | 5,819.52 | 4,476.56 |
| June 2027 | 6,081.40 | 4,678.00 |
| July 2027 | 5,962.16 | 4,586.28 |
| August 2027 | 6,146.56 | 4,728.12 |
| September 2027 | 6,361.69 | 4,893.60 |
| October 2027 | 6,527.09 | 5,020.84 |
| November 2027 | 6,690.27 | 5,146.36 |
| December 2027 | 6,857.52 | 5,275.02 |
| When | Maximum Price | Minimum Price |
| January 2028 | 6,994.67 | 5,380.52 |
| February 2028 | 7,174.02 | 5,518.48 |
| March 2028 | 7,453.81 | 5,733.70 |
| April 2028 | 7,307.66 | 5,621.28 |
| May 2028 | 7,094.81 | 5,457.55 |
| June 2028 | 7,414.08 | 5,703.14 |
| July 2028 | 7,268.71 | 5,591.31 |
| August 2028 | 7,493.51 | 5,764.24 |
| September 2028 | 7,755.78 | 5,965.99 |
| October 2028 | 7,957.43 | 6,121.10 |
| November 2028 | 8,156.37 | 6,274.13 |
| December 2028 | 8,360.28 | 6,430.98 |
| When | Maximum Price | Minimum Price |
| January 2029 | 8,527.49 | 6,559.60 |
| February 2029 | 8,746.14 | 6,727.80 |
| March 2029 | 9,087.24 | 6,990.18 |
| April 2029 | 8,909.06 | 6,853.12 |
| May 2029 | 8,649.57 | 6,653.52 |
| June 2029 | 9,038.80 | 6,952.92 |
| July 2029 | 8,861.57 | 6,816.59 |
| August 2029 | 9,135.64 | 7,027.41 |
| September 2029 | 9,455.39 | 7,273.37 |
| October 2029 | 9,701.23 | 7,462.48 |
| November 2029 | 9,943.76 | 7,649.04 |
| December 2029 | 10,192.35 | 7,840.27 |
| When | Maximum Price | Minimum Price |
| January 2030 | 10,396.20 | 7,997.07 |
| February 2030 | 10,662.77 | 8,202.13 |
| March 2030 | 11,078.61 | 8,522.01 |
| April 2030 | 10,861.39 | 8,354.91 |
| May 2030 | 10,545.04 | 8,111.57 |
| June 2030 | 11,019.56 | 8,476.59 |
| July 2030 | 10,803.49 | 8,310.38 |
| August 2030 | 11,137.62 | 8,567.40 |
| September 2030 | 11,527.44 | 8,867.26 |
| October 2030 | 11,827.15 | 9,097.81 |
| November 2030 | 12,122.83 | 9,325.25 |
| December 2030 | 12,425.90 | 9,558.38 |
Financial Condition of Pidilite Industries: Last 5 years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 7,294 | 7,294 | 7,293 | 9,921 | 11,799 | 12,383 |
| Expenses (Rs. Crores) | 5,707 | 5,718 | 5,606 | 8,065 | 9,813 | 9,680 |
| Operating Profit (Rs. Crores) | 1,371 | 1,576 | 1,686 | 1,856 | 1,986 | 2,703 |
| OPM (%) | 19% | 22% | 23% | 19% | 17% | 22% |
| Other Income (Rs. Crores) | 130 | 97 | 74 | 39 | 55 | 68 |
| Interest (Rs. Crores) | 26 | 34 | 37 | 42 | 48 | 51 |
| Depreciation (Rs. Crores) | 133 | 170 | 201 | 240 | 270 | 341 |
| Profit before Tax (Rs. Crores) | 1,342 | 1,470 | 1,522 | 1,614 | 1,723 | 2,379 |
| Tax % | 31% | 24% | 26% | 25% | 25% | 27% |
| Net Profit (Rs. Crores) | 928 | 1,122 | 1,126 | 1,207 | 1,289 | 1,747 |
| EPS (Rs.) | 18.21 | 21.97 | 22.26 | 23.76 | 25.05 | 34.00 |
| Dividend Payout (%) | 36% | 32% | 38% | 42% | 44% | 47% |
Pidilite Industries has shown steady growth in key financial metrics over the last five years, reflecting a robust financial condition. Sales have consistently increased, reaching ₹12,383 crores in 2024 from ₹7,294 crores in 2019.
Despite rising expenses, the company has effectively managed its operations, evident from the growth in operating profit which escalated to ₹2,703 crores in 2024. Profit margins, measured by Operating Profit Margin (OPM), fluctuated but remained healthy, peaking at 23% in 2021 and 2024. Net profit rose steadily to ₹1,747 crores in 2024, supported by prudent financial management and a dividend payout ratio that increased to 47% in the same year, demonstrating strong shareholder returns.
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 commendable financial resilience and growth prospects over the past five years, underscored by robust revenue expansion and effective cost management. The company’s escalating operating profits and healthy profit margins reflect its operational efficiency amidst varying economic conditions. With a strong dividend payout ratio signaling shareholder-friendly policies, Pidilite Industries presents itself as a promising investment opportunity.
Looking ahead to projected share price targets through 2030, the company’s trajectory indicates potential for substantial capital appreciation, making it a compelling choice for long-term investors seeking growth in the chemicals and adhesives sector, despite market volatility.
What did we learn?
- 1 Pidilite Industries Q4 Financial Performance Highlights
- 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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