Stocktoria

Pidilite Industries Limited PIDILITIND.NS

IN · National Stock Exchange of India · XNSE · stock · Basic Materials · website

Pidilite Industries Limited statistics & valuation

Market cap₹1.72T
P / E70.4×
P / S11.8×
P / B15.9×
P / FCF77.1×
Net margin16.8%
FCF margin15.4%
Net debt₹1.8B
Enterprise value USD$18.1B
Earnings yield EBIT/EV1.8%
Return on capital26.6%
Graham number -85.8%₹239.78

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹239.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.80% 14.00% 15.90% 16.80% 2023202420252026
Gross margin (%)
42.00% 50.90% 53.70% 54.90% 2023202420252026
Operating margin (%)
14.90% 19.50% 20.40% 21.60% 2023202420252026
Return on equity (%)
17.70% 20.60% 21.30% 22.60% 2023202420252026
Shares outstanding
1.02B 1.02B 1.02B 1.02B 2023202420252026
Net debt (₹)
₹804.5M -₹1.33B ₹1.30B ₹1.85B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
12.10% 14.30% 14.80% 15.90% 2023202420252026
Free cash flow margin (%)
9.00% 17.60% 14.00% 15.40% 2023202420252026
Debt / equity (×)
0.05× 0.05× 0.05× 0.04× 2023202420252026
EPS (₹)
₹12.52 ₹16.99 ₹20.36 ₹24.01 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Pidilite Industries Limited trades at about 70.5× earnings — below its 10-year norm (10-year range 57.3×–96.7×, median 89.7×).

57.3× 96.7×

Shaded band = 10-year range (57.3×–96.7×); dot = today's 70.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin54.9%53.7%50.9%42.0%
Operating margin21.6%20.4%19.5%14.9%
Net margin16.8%15.9%14.0%10.8%
FCF margin15.4%14.0%17.6%9.0%
Return on assets15.9%14.8%14.3%12.1%
Return on equity22.6%21.3%20.6%17.7%
Debt / equity0.00×
Current ratio2.382.272.091.89

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.