Pidilite Industries Limited is an Indian company that specializes in the manufacturing and marketing of a wide range of consumer and industrial products. The company was founded in 1959 by Balvant Parekh and has its headquarters in Mumbai, Maharashtra, India. In this Article we will discuss about Pidilite Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Introduction
Pidilite is best known for its adhesive brand, Fevicol, which has become synonymous with adhesives in India. Fevicol is a popular brand used in various applications, including woodworking, furniture manufacturing, construction, and DIY projects. The company also produces other adhesive products under the Fevikwik, M-Seal, and Fevicryl brands.
In addition to adhesives, Pidilite offers a diverse portfolio of products in different categories. Its product range includes sealants, waterproofing solutions, construction chemicals, automotive chemicals, art and craft materials, industrial resins, and consumer products such as fabric care and home care products.
Business Model of Pidilite Industries Limited
Pidilite Industries Limited operates on a diversified business model with a focus on manufacturing and marketing a wide range of consumer and industrial products. The company’s business model can be summarized as follows:
- Product Portfolio: Pidilite offers a diverse portfolio of products across various categories, including adhesives, sealants, waterproofing solutions, construction chemicals, automotive chemicals, art and craft materials, industrial resins, and consumer products. This broad range allows the company to cater to different customer needs and target multiple market segments.
- Branding and Marketing: Pidilite has established strong brand equity for its products, with Fevicol being its most prominent brand. The company invests in extensive marketing and advertising campaigns to promote its brands and create awareness among consumers and professionals. Effective branding has helped Pidilite maintain a dominant position in the adhesives market in India.
- Innovation and Research: Pidilite emphasizes innovation and invests in research and development activities to introduce new and improved products. The company focuses on developing innovative solutions that meet evolving customer requirements and address market trends. Continuous innovation helps Pidilite stay competitive and maintain its market leadership.
- Manufacturing Excellence: Pidilite has established state-of-the-art manufacturing facilities in different locations in India. These facilities adhere to strict quality standards and employ advanced manufacturing processes to ensure consistent product quality. The company’s manufacturing capabilities enable it to meet market demand efficiently.
- Distribution Network: Pidilite has built a robust distribution network that reaches both urban and rural areas across India. The company has a wide network of authorized dealers, retailers, and distributors, ensuring its products are readily available to customers. This extensive distribution network contributes to Pidilite’s market penetration and customer accessibility.
- Domestic and International Presence: While Pidilite primarily operates in India, the company has expanded its presence in international markets through subsidiaries and joint ventures. This global outreach allows Pidilite to tap into new markets, leverage synergies, and diversify its revenue streams.
Shareholding of Pidilite Industries Limited
| Shareholders Name | No. of Shares | %Shareholding |
| Total Share | 508314240 | 100% |
| Promoters | 352745893 | 69.4% |
| Foreign Institutions | 53930562 | 10.61% |
| Banks & Mutual Funds | 21411217 | 4.21% |
| Central Govt | 9072 | 0.00% |
| Others | 7970682 | 1.57% |
| General Public | 47830225 | 9.41% |
| Financial Institutions | 21656991 | 4.26% |
| Foreign Promotors | 2759598 | 0.54% |
Pidilite Share
Pidilite Industries Limited Share listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
As of July 13, 2023, Pidilite share price on the NSE was INR 2,622/- Pidilite Share 52 week high at Rs. 2918/- & 52 week low Rs.2250/-. The P/E Ratio of Pidilite is 105.32 & Dividend Yield id 0.42%.
| Company Name | Pidilite Industries Limited |
| Share Name | PIDILITIND |
| Sector | Consumer Products |
| Headquater | Mumbai |
| Foundation | 1959 |
| Key Person | Bharat Puri (CEO) |
| Market Cap | 1,33,708.49 Crores Rs. |
| Revenue | 10,660.11 Crore Rs |
| Official Website | Click Here |
Pidilite Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 2900 | 3100 |
| 2024 | 3350 | 3600 |
| 2025 | 3750 | 4100 |
| 2026 | 4300 | 4650 |
| 2027 | 4800 | 5200 |
| 2028 | 5400 | 5850 |
| 2029 | 6000 | 6450 |
| 2030 | 6600 | 6950 |
| 2040 | 14500 | 15300 |
| 2050 | 22800 | 24000 |
Note:- “That these share price targets for “Pidilite Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Pidilite Industries Limited
Here are the annual result summary of Pidilite Industries Limited :
- Revenue for the fiscal year 2022-23 was ₹11,799.10 crore, an increase of 18.93% from the previous year.
- Net profit for the year was ₹1,282.00 crore, an increase of 6.25% from the previous year.
- Earnings per share (EPS) for the year was ₹17.73, an increase of 5.25% from the previous year.
- The company’s board of directors has recommended a dividend of ₹7.50 per share for the year.
- The company’s debt-to-equity ratio stood at 0.32 as of March 31, 2023.
- The company’s cash and cash equivalents stood at ₹857.85 crore as of March 31, 2023.
Last 5 Year Growth of Pidilite Share
In Last 5 year Pidilite Share give 147.11% returns to its Investors.
| Year | Share Price |
| July- 2019 | 1125 |
| July- 2020 | 1392 |
| July- 2021 | 2277 |
| July- 2022 | 2307 |
| July- 2023 | 2630 |
Here are some of the factors that are driving the growth of Pidilite Share:
- Strong financial performance: The company has been consistently profitable over the last few years, and its financial performance is expected to improve in the future.
- Expanding product portfolio: The company is constantly adding new products to its portfolio, which is helping to drive sales growth.
- Increasing market share: The company is increasing its market share in both the domestic and international markets.
- Strong brand image: The company has a strong brand image, which is helping to attract new customers.
Pidilite Share Price Target 2023
Pidilite places significant emphasis on customer engagement and support. The company provides technical assistance, training programs, and application support to its customers, ensuring they have the necessary knowledge and expertise to use its products effectively.
Pidilite share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹2900 | ₹3100 |
Pidilite Share Price Target 2024
Pidilite Industries Limited’s business model revolves around offering a diverse range of high-quality products, strong branding, innovation, efficient manufacturing, extensive distribution, customer support, and a focus on sustainability.
Pidilite share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹3350 | ₹3600 |
Pidilite Share Price Target 2025
Pidilite has established itself as a market leader in the adhesives and consumer products industry in India. With its well-known brands, extensive distribution network, and customer trust, the company is likely to maintain its dominant position in the market.
Pidilite share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹3750 | ₹4100 |
Pidilite Share Price Target 2026
Pidilite’s focus on innovation and research and development is expected to drive the introduction of new and improved products. By staying abreast of evolving customer needs and market trends, Pidilite can continue to offer innovative solutions and expand its product portfolio.
Pidilite share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹4300 | ₹4650 |
Pidilite Share Price Target 2027
Pidilite has already expanded its global presence through subsidiaries and joint ventures. The company may explore further international expansion opportunities to tap into new markets and diversify its revenue streams.
Pidilite share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹4800 | ₹5200 |
Pidilite Share Price Target 2028
Pidilite is likely to embrace digital transformation initiatives to streamline its operations, enhance customer engagement, and optimize its supply chain. Adopting digital technologies can enable the company to improve efficiency, gain insights from data, and deliver personalized experiences to customers.
Pidilite share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹5400 | ₹5850 |
Pidilite Share Price Target 2029
Pidilite may explore opportunities to expand its product offerings into new segments that align with its core competencies. This could involve diversifying into related industries or introducing innovative solutions in emerging sectors.
Pidilite share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹6000 | ₹6450 |
Pidilite Share Price Target 2030
Pidilite may seek strategic partnerships or acquisitions to strengthen its market position, expand its capabilities, or enter new markets. Collaborations with complementary businesses or acquiring companies with specialized expertise can fuel Pidilite’s growth and market reach.
Pidilite share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹6600 | ₹6950 |
Dividend History of Pidilite Share
Here is a brief overview of Pidilite dividend history over the past few years:
- In 2023, Company declared a final dividend of Rs. 11 per share.
- In 2022, Company declared a final dividend of Rs. 10 per share.
- In 2021, Company declared a final dividend of Rs. 8 per share.
- In 2020, Company declared a final dividend of Rs. 7 per share.
Joint Venture & Subsidiries of Pidilite Industries Limited
Pidilite Industries Limited has expanded its presence in the international market through joint ventures and subsidiaries. Here are some of the notable joint ventures and subsidiaries associated with Pidilite:
- Pidilite International Pte. Ltd.: Pidilite International is a wholly-owned subsidiary of Pidilite Industries Limited based in Singapore. It serves as a holding company for Pidilite’s global operations and manages its international subsidiaries and joint ventures.
- Pidilite Middle East (FZC): Pidilite Middle East is a subsidiary of Pidilite Industries Limited located in the United Arab Emirates. It operates as a regional hub for Pidilite’s business activities in the Middle East and North Africa (MENA) region.
- Pidilite USA Inc.: Pidilite USA is a subsidiary of Pidilite Industries Limited and serves as its presence in the United States. It is responsible for marketing and distributing Pidilite’s products in the American market.
- Pidilite Industries (Bangladesh) Limited: Pidilite Industries (Bangladesh) Limited is a subsidiary of Pidilite Industries Limited, operating in Bangladesh. It manufactures and markets various Pidilite products in the country.
- Pidilite Brasil Ltda.: Pidilite Brasil is a subsidiary of Pidilite Industries Limited, operating in Brazil. It manufactures and distributes Pidilite’s products in the Brazilian market.
- Pidilite Lanka (Private) Limited: Pidilite Lanka is a subsidiary of Pidilite Industries Limited, operating in Sri Lanka. It engages in the manufacturing and marketing of Pidilite’s products in Sri Lanka.
- Pidilite MEA Chemicals LLC: Pidilite MEA Chemicals is a subsidiary of Pidilite Industries Limited, located in Dubai, United Arab Emirates. It focuses on the distribution and marketing of Pidilite’s products in the Middle East and Africa region.
Future Plan of Pidilite Industries Limited
Pidilite Industries Limited has a number of future plans, which include:
- Expanding its core category: The company plans to expand its core category, which includes Fevicol, Fevikwik, Dr. Fixit, and M-Seal, through innovation, premiumization, and geographic expansion.
- Entering new product categories: The company plans to enter new product categories, such as paints, waterproofing, and construction chemicals.
- Expanding its international footprint: The company plans to expand its international footprint, with a focus on emerging markets such as Africa, Southeast Asia, and Latin America.
- Acquiring new businesses: The company plans to acquire new businesses, both in India and abroad, to expand its product portfolio and market reach.
FAQs
The current share price of Pidilite Industries is ₹2,622.45 (as of July 13, 2023).
The 52-week high of Pidilite share price is ₹2,918.95, and the 52-week low is ₹1,988.55.
The PE ratio of Pidilite Industries is 104.7, and the PB ratio is 0.6.
The future prospects of Pidilite Industries are positive. The company is well-positioned for growth, and its stock price is expected to continue to rise.
There are some risks associated with investing in Pidilite Industries, such as the overall market risk, the risk of the company’s products becoming obsolete, and the risk of the company facing competition from new entrants.
