Pidilite Industries Ltd. News and Updates

Name: Latest research reports of Pidilite Industries Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Pidilite Industries Ltd.
Rating: 3
Author: Motilal Oswal

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Pidilite Industries Ltd.

15 Sep 2020

2959.10

-0.28%

Transformative changes underway

Neutral: Pidilite Industries Ltd.

Target

Motilal Oswal

The company targets ~INR1b revenue or higher for the Pioneer categories over the next The Core business (Fevicol and sub-brands Fevikwik, M-Seal, and Fevicryl) is likely to grow at 12x GDP. This means that and Bazaar (C&B;) and B2B products over the next three to four years, by the end of which the Growth and Pioneer categories are likely to comprise around half of sales. The companys clutter-breaking marketing is also Compared with the erstwhile approach of focusing on a multitude of geographies, including the US and Brazil, in recent years, the company has decided to focus on certain emerging markets with high growth potential and where an India-like All the Pioneer category brands are in the nascent categories; thus, the company is trying to grow the categories using innovation and technology and by leveraging on R&D; is gaining increasing importance, with a nearly 2.5x increase seen in R&D; spends over the past five years.

Pidilite Industries Ltd. is trading above its 150 day SMA of 2942.0

Pidilite Industries Ltd.

15 Aug 2020

2959.10

-0.28%

Why you should hold on to Pidilite Industries

Business Line

Wide product portfolio and near-monopoly status give it an edge as demand recovers

Pidilite Industries .. has an average target of 3178.50 from 4 brokers.

Pidilite Industries Ltd.

11 Aug 2020

2959.10

-0.28%

Neutral Pidilite Industries; target of Rs 1335: Motilal Oswal

Moneycontrol

Motilal Oswal recommended Neutral rating on Pidilite Industries with a target price of Rs 1335 in its research report dated August 08, 2020.

Number of FII/FPI investors decreased from 854 to 845 in Mar 2025 qtr

Pidilite needs a quicker recovery to strengthen its bond with investors

livemint | 11 Aug 2020

Pidilite Industries Ltd.

10 Aug 2020

2959.10

-0.28%

Pidilite Industries: Frothy valuation for a high-quality company

Moneycontrol

Investors should approach Pidilite with utmost caution as we believe the headwinds are not fully priced into the current rich valuations.

Pidilite Industries Ltd. is trading above its 150 day SMA of 2942.0

Reduce Pidilite Industries; target of Rs 1419: Dolat Capital

Moneycontrol | 09 Aug 2020

Pidilite Industries Ltd.

08 Aug 2020

2959.10

-0.28%

Hold Pidilite Industries; target of Rs 1415: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended Hold rating on Pidilite Industries with a target price of Rs 1415 in its research report dated August 07, 2020.

Pidilite Industries Ltd. is trading above its 150 day SMA of 2942.0

Faster business recovery reviving investor trust in Pidilite Industries

Business Standard | 07 Aug 2020 3 more

Pidilite Industries Ltd.

08 Aug 2020

2959.10

-0.28%

Outlook improving gradually, B2B expected to be a laggard

Neutral: Pidilite Industries Ltd.

Target

Motilal Oswal

While the structural investment case remains intact, the recent earnings track record, lower ROCEs (in the mid-20 levels) v/s consumer peers, and valuations of 54x FY22 do not leave much room for us to turn constructive from a one- Overall gross margins expanded 210bp YoY to 53.5%. Revenue from domestic subsidiaries declined 82.2% YoY to INR295m in 1QFY21; EBITDA stood at INR308m v/s INR176m in 1QFY20. The management expects this to continue in the near term, with the caveat that these low levels are unlikely to sustain as the demand Improvement in the demand scenario is likely to lead to positive topline and FY2022 is likely to be muted. While the structural investment case remains intact, the recent earnings track record, lower ROCEs (in the mid-20 levels) v/s consumer peers, and valuations of 54x FY22 do not leave much room for us to turn constructive from a one-year with TP of INR1,335 (50x Jun22 EPS).

Number of FII/FPI investors decreased from 854 to 845 in Mar 2025 qtr

Pidilite Industries Ltd.

08 Aug 2020

2959.10

-0.28%

Pidilite Industries

Buy: Pidilite Industries Ltd.

Recommendation Target

ICICI Securities Limited

Sharp decline in Q1 revenue amid lockdown Consolidated revenue fell ~56% YoY to ~| 878 crore in Q1FY21 due to sales loss for almost 40 days in domestic operations amid lockdown. The standalone revenue fell ~57% YoY led by ~58% decline in volume mix. Overseas subsidiaries recorded revenue de-growth of ~36% YoY led by revenue decline of ~49%, ~30% and ~25% YoY in Asia, Middle East and America regions, respectively. Further, domestic subsidiaries also recorded a sharp revenue fall of 82% YoY led by sharp fall in volume. Post relaxation...

Pidilite Industries .. has an average target of 3178.50 from 4 brokers.

Pidilite Industries Ltd.

07 Aug 2020

2959.10

-0.28%

Q1FY21 Result Update - Strong Recovery, Input costs provide tailwinds - HOLD

Hold: Pidilite Industries Ltd.

Target

Prabhudas Lilladhar

like 1) waterproofing 2) construction chemicals and aids 3) Wood coatings and 4) Floor coatings etc. we believe investment in Papperfry and Tenex India Stone Products will open further growth opportunities in its core categories. We would watch out for trends in Gross margins in FY22/23 as Pidilite had retained 500bps gross margin expansion during previous low raw material cycle. We estimate 1.2% decline in FY21 EPS and 19.1% PAT CAGR over FY21-23. We value the stock at Rs1415 based on SOTP (45x Sep-22 to...

Number of FII/FPI investors decreased from 854 to 845 in Mar 2025 qtr

Pidilite Industries Ltd.

19 Jun 2020, 06:01PM

2959.10

-0.28%

Hold Pidilite Industries; target of Rs 1325: ICICI Securities

Moneycontrol

ICICI Securities recommended hold rating on Pidilite Industries with a target price of Rs 1325 in its research report dated June 19, 2020.

Number of FII/FPI investors decreased from 854 to 845 in Mar 2025 qtr

Pidilite Industries: Book profits as rich valuation caps upside

Moneycontrol | 19 Jun 2020, 01:24PM 6 more

Pidilite Industries Ltd.

19 Jun 2020, 12:00AM

2959.10

-0.28%

Pidilite Industries

Hold: Pidilite Industries Ltd.

Recommendation

ICICI Securities Limited

Revenue loss of | 150 crore due to lockdown Consolidated revenue declined 6% YoY to | 1547 crore mainly due lockdown in March 2020. Pidilite lost revenue of ~| 150 crore due to lockdown. Standalone revenue posted growth of 9.6% YoY till March 21, 2020. However, the lockdown situation eroded growth, which led to 4% YoY de-growth in revenue for Q4FY20. Post relaxation of lockdown, suburban and rural India saw a faster recovery in demand but volume offtake is still...

Pidilite Industries Ltd. is trading above its 150 day SMA of 2942.0

Is Pidilite Industries Ltd. worth buying?

752 Votes:

Buy 70.35%

Sell 18.22%

Hold 11.44%

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