2143.15 -26.10 (-1.20%)
453.7K NSE+BSE Volume
NSE Jun 27, 2022 03:31 PM
Summary | Date | Stock | Broker | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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20 May 2022 | Pidilite Industries .. |
ICICI Direct
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2143.15 | 2000.00 | 2139.45 (0.17%) | Target met |
Hold
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19 May 2022 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 1870.00 | 2139.45 (0.17%) | 12.75 |
Sell
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04 Feb 2022 | Pidilite Industries .. |
Geojit BNP Paribas
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2143.15 | 2652.00 | 2481.80 (-13.65%) | 23.74 |
Hold
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PIDLITE INDUSTRIES
Geojit BNP Paribas
Although the company has generated strong revenue growth, input cost inflation has hurt the margins and will continue to do so in the inflationary market conditions. Hence, we maintain our HOLD rating on...
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28 Jan 2022 | Pidilite Industries .. |
ICICI Securities Limited
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2143.15 | 2640.00 | 2475.80 (-13.44%) | 23.18 |
Hold
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Pidilite Industries
ICICI Securities Limited
The company's consumer & bazaar (C&B) segment (adhesives & sealants, construction & paint chemical, art & craft materials) contributes 80% to topline while the B2B segment (industrial adhesive, resins and pigments) contributes ~20% to topline Has 4700+ distributors, strong balance sheet (RoE, 20%, RoCE, 24%) Q3FY22 Results: Revenue came in better than our estimates but EBITDA margin...
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27 Jan 2022 | Pidilite Industries .. |
Prabhudas Lilladhar
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2143.15 | 2491.00 | 2475.80 (-13.44%) | Target met |
Hold
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PIDILITE INDUSTRIES
Prabhudas Lilladhar
We are cutting FY22 EPS by 5.6% with minor tweaks for FY23/24 which factors in margin pressure in current year followed by gradual improvement. We expect QoQ GM improvement in a stable input cost scenario incrementally as PIDI has passed on 75% of input cost inflation by calibrated price increases. Near term demand scenario looks tepid given slowing rural demand and...
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27 Jan 2022 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 2445.00 | 2475.80 (-13.44%) | Target met |
Hold
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27 Jan 2022 | Pidilite Industries .. |
Motilal Oswal
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2143.15 | 2461.00 | 2475.80 (-13.44%) | Target met |
Neutral
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Sales in line, margin recovery taking longer than expected
Motilal Oswal
Despite a challenging base of 19% sales growth, PIDI reported a healthy 24% sales growth (in line with expectations) in 3QFY22 as demand remained strong. While Jan'22 has been affected by the third COVID wave,...
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16 Nov 2021 | Pidilite Industries .. |
Geojit BNP Paribas
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2143.15 | 2562.00 | 2439.60 (-12.15%) | Target met |
Hold
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12 Nov 2021 | Pidilite Industries .. |
ICICI Securities Limited
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2143.15 | 2640.00 | 2426.20 (-11.67%) | Target met |
Hold
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Pidilite Industries
ICICI Securities Limited
The company's consumer & bazaar (C&B) segment (adhesives & sealants, construction & paint chemical, art & craft materials) contributes 80% to topline while B2B segment (industrial adhesive, resins and pigments) contributes ~20% to topline Has 4700+ distributors, strong balance sheet (RoE, 20%, RoCE, 24%) Q2FY22 Results: Revenue growth was ahead of our estimates while EBITDA...
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12 Nov 2021 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 2080.00 | 2426.20 (-11.67%) | Target met |
Sell
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11 Nov 2021 | Pidilite Industries .. |
Prabhudas Lilladhar
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2143.15 | 2491.00 | 2426.20 (-11.67%) | Target met |
Hold
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Q2FY22 Result Update - Strong Demand in disruptive environment a positive - Upgrade to 'HOLD'
Prabhudas Lilladhar
Calibrated price hikes cover 70% inflation, softening unlikely for next 6 months. We are increasing FY22/23/24 EPS estimate by 7.7%/4.1%/5.0% and upgrading to Hold on account of 1) Robust demand environment 2) Sustained pick up in organized Real estate and 3) Calibrated price increase covering 70% inflation. PIDI continues to remain a structural pick given 1) Market leadership in a low...
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18 Aug 2021 | Pidilite Industries .. |
Geojit BNP Paribas
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2143.15 | 2364.00 | 2267.20 (-5.47%) | Target met |
Hold
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PIDLITE INDUSTRIES
Geojit BNP Paribas
Spiraling input costs to sustain/peak in the near term leading to stressed margins. While the stock is currently overvalued at given price levels, we see limited upside potential. We downgrade our rating on the...
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12 Aug 2021 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 1525.00 | 2206.70 (-2.88%) | 28.84 |
Sell
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14 May 2021 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 1365.00 | 1888.25 (13.50%) |
Sell
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First Light | Inflation and IIP, Pidilite Industries, Apollo Tyres
BOB Capital Markets Ltd.
Inflation and IIP: Industrial activity rebounds, inflation eases. Pidilite Industries: Higher RM cost to crimp margins; maintain SELL. Apollo Tyres: Margin headwinds ahead; maintain SELL
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14 May 2021 | Pidilite Industries .. |
ICICI Securities Limited
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2143.15 | 2035.00 | 1888.25 (13.50%) | Target met |
Hold
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Pidilite Industries
ICICI Securities Limited
To continue with capex despite near term headwinds Pidilite will continue with | 350 crore capex plans in FY22E despite short term demand headwinds. This is a strategic move to gain market share in small towns/villages with population less than 50,000. The company has also...
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13 May 2021 | Pidilite Industries .. |
Prabhudas Lilladhar
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2143.15 | 1819.00 | 1891.10 (13.33%) | Target met |
Hold
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Q4FY21 Result Update - Input costs add to covid uncertainty - HOLD
Prabhudas Lilladhar
We are reducing our EPS estimate by 9.9%/3.1% for FY/22/23 on the back of inflationary pressure in VAM prices which has increased from USD 1200/ton in 4Q21 to spot levels of USD 2000/ton. We continue to remain positive on long term story of PIDI given its strong presence in water proofing and construction chemicals due to first mover advantage and strong connect with trade. Huntsman acquisition is on track and will strengthen PIDI in Epoxy based adhesives which will lead to higher growth and profitability (~31.3% margins). Lower penetration in waterproofing market provides large...
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13 May 2021 | Pidilite Industries .. |
BOB Capital Markets Ltd.
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2143.15 | 1365.00 | 1888.25 (13.50%) |
Sell
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Pidilite Industries (SELL): Higher RM cost to crimp margins; maintain SELL
BOB Capital Markets Ltd.
Pidilite Industries (PIDI) reported consolidated Q4FY21 revenue growth of 45% YoY on a tepid base, with a 45%/26% rise in standalone C&B;/B2B volumes.
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02 Feb 2021 | Pidilite Industries .. |
Geojit BNP Paribas
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2143.15 | 1847.00 | 1728.75 (23.97%) | Target met |
Hold
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PIDLITE INDUSTRIES
Geojit BNP Paribas
Given robust growth across the segment led by higher demand from rural and urban area will likely to support company's topline in coming quarters. However, we remain cautious on the stock, as uncertainty evolves around raw material prices. Hence, we maintain our HOLD rating on the stock with a revised TP of Rs. 1,847 based on rolled...
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30 Jan 2021 | Pidilite Industries .. |
ICICI Securities Limited
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2143.15 | 1920.00 | 1670.25 (28.31%) | Target met |
Buy
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Pidilite Industries
ICICI Securities Limited
Margin to normalise with recovery in input cost going forward Raw material prices remained benign during the quarter (average consumption cost of US$800/t vs. US$940/t in Q3FY20). However, recovery in input prices (spot price of VAM US$1300/t) and restoration of advertisement costs, going forward, will result in normalised EBITDA...
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11 Nov 2020 | Pidilite Industries .. |
Geojit BNP Paribas
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2143.15 | 1674.00 | 1564.70 (36.97%) | Target met |
Hold
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PIDLITE INDUSTRIES
Geojit BNP Paribas
Pick-up in economic activity in the areas of construction, automobile, furniture, etc. and continued weakness in raw material prices should benefit Pidilite in the months ahead. At current price levels however, the upside remains limited. We maintain our HOLD rating on the stock with a revised TP of Rs. 1,674 based on 60x FY22E adj. EPS. Topline back on pre-COVID levels, beats expectations Pidilite saw its Q2FY21 consolidated revenue shoot up to Rs. 1,880cr (+114.2% QoQ, +4.1% YoY) on account of substantial recovery seen across all its business segments....
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