EN DE

Pidilite Industries Limited (PIDILITIND) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.6T (≈ $16.9B) · ISIN INE318A01026

What is Pidilite Industries Limited really worth?

PI Pidilite Industries Limited PIDILITIND · NSE
Price₹1,630
Fair Value₹351.84
Upside−78.4%
Quality70/100

A solid business, but trading 363% above our fair value of ₹351.84.

Watch Pidilite Industries Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +14.9 %/yr)
Solidly profitable · 16.8% net margin
Low debt · generates free cash flow
Wide moat 79/100

Risks

!Mixed vs. peers (8/14)
!Weak on dividend: 18 out of 100

For context

·0.92% dividend yield
Evidence: High Range ₹257.50 – ₹500.70

Fair value as of: Aug 23, 2026

From 26 valuation models · updated 13 days ago

Share price −2.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹500.70). The favourable scenario is already priced in.
  • A fairly wide model range (₹257.50 to ₹500.70) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹1,702 ₹894.68 Fair Value ₹351.84 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹894.68 – ₹1,702 · fair‑value band ₹257.50 – ₹500.70 · the ₹1,630 price screens above the ₹351.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Pidilite Industries Limited (PIDILITIND) currently trades at ₹1,630, while our model-based Fair Value estimate is ₹351.84, implying the stock looks roughly 363.2% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ₹464.80 per share, and 0 of the 26 models we run sit above the ₹1,630 price. Bear case: the Asset-Based group reads lowest at ₹71.31, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Pidilite Industries Limited generated revenue of ₹146B at a net margin of 16.8%. Revenue grew 14.1% year over year. It earns a return on equity of 23.5%. Net debt stands at ₹1.2B. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹257.50 (bear case) to ₹500.70 (bull case); at ₹1,630, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −78%, PIDILITIND screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹3.85 per share, which is 1.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹71.31 to ₹768.84). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence ₹303.11 ₹564.36 ₹1,043 77
Growth DCF ₹301.57 ₹544.71 ₹985.17 75
5Y EBITDA Exit ₹265.12 ₹464.80 ₹714.73 74
All 26 models by family
DCF Models
FCF DCF best evidence ₹303.11 ₹564.36 ₹1,043 77
Owner Earnings ₹305.88 ₹569.53 ₹1,052 73
5Y Revenue Exit ₹198.65 ₹327.21 ₹498.67 71
5Y EBITDA Exit ₹265.12 ₹464.80 ₹714.73 74
5Y P/E Exit ₹292.15 ₹520.73 ₹782.75 69
10Y Revenue Exit ₹224.80 ₹360.49 ₹563.32 66
10Y EBITDA Exit ₹275.37 ₹463.88 ₹749.11 67
10Y P/E Exit ₹293.73 ₹505.91 ₹807.60 62
Earnings-Based
Graham-Dodd ₹163.62 ₹768.84 ₹1,057 64
Lynch FV ₹203.63 ₹290.90 ₹378.17 61
PEG = 1.0 ₹203.63 ₹290.90 ₹378.17 57
EPV ₹233.70 ₹274.43 ₹310.62 74
Dividend Discount
Gordon GGM ₹144.22 ₹314.86 ₹529.77 65
DDM Multi-Stage ₹144.22 ₹257.92 ₹328.14 66
Multiples
P/E Multiple ₹306.78 ₹409.04 ₹511.30 63
P/S Multiple ₹161.39 ₹215.18 ₹268.98 58
P/B Multiple ₹239.46 ₹319.28 ₹399.11 55
EV/EBIT ₹332.87 ₹442.85 ₹552.83 66
EV/EBITDA ₹267.69 ₹355.94 ₹444.20 67
EV/Revenue ₹153.57 ₹218.12 ₹282.68 53
Asset-Based
NCAV (Graham) ₹53.21 ₹71.31 ₹106.43 54
Growth DCF
Growth DCF ₹301.57 ₹544.71 ₹985.17 75
Rev-Margin DCF ₹198.65 ₹325.91 ₹491.33 72
Economic Profit
Residual Income ₹156.71 ₹193.65 ₹652.24 64
ROIC Compounder ₹268.21 ₹365.93 ₹495.15 71
Growth Earnings
Growth-Adj P/E ₹288.84 ₹412.63 ₹536.41 67

Widest divergence: DCF Models (₹464.80) versus Asset-Based (₹71.31). Highest evidence: FCF DCF (77).

Notify me when PIDILITIND reaches fair value

Put PIDILITIND on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 67.7
P/S ratio 11.4 P/E × margin
EPS (TTM) ₹24.07 price ÷ EPS = P/E 67.7
Dividend yield 0.9% payout 62.3%
Net margin 16.8% FY2026
Return on equity 23.5% TTM
More key figures
Profitability
Return on assets (EBIT) 30.5% avg 5y
Operating margin 21.1% TTM
Growth
Revenue (TTM) ₹146B TTM
Revenue growth (YoY) +14.1% 3y avg +7.4%
EPS growth (YoY) +37.3%
Balance sheet & cash flow
Free cash flow ₹22.3B FY2026
Net debt ₹1.2B FY2026 · ≈ 0.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 70

Profitability 76
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Pidilite Industries Limited, together with its subsidiaries, engages in the manufacture and sale of various chemicals in India and internationally. The company operates through the Consumer & Bazaar, and Business to Business segments.

Full company description

Pidilite Industries Limited, together with its subsidiaries, engages in the manufacture and sale of various chemicals in India and internationally. The company operates through the Consumer & Bazaar, and Business to Business segments. The Consumer & Bazaar segment offers adhesives, sealants, art and craft materials; and construction and paint chemicals for carpenters, painters, plumbers, mechanics, households, students, and offices. The Business to Business segment provides industrial adhesives, synthetic resins, construction chemicals, organic pigments, pigment preparations, and surfactants for various industries, including packaging, joineries, textiles, paints, printing inks, paper, and leather. It is also involved in the sale of raw materials. The company sells its products under the Fevicol, Fevicol MR, Dr. Fixit, Fevikwik, M-Seal, Fevistick, Fevicryl, Fevigum, Rangeela, WD-40, MOTO MAX, Terminator, WUDFIN, HAI SHA, steelgrip, Araldite, Roff, TENAX, UNITINT, fevitite, HOLDTITE LEAKGUARD, D-klog, Zorrik-88, Stainoff, BRITE-SUPER, Piditint, Fevibond, FALCOFIX, and BLUECOAT brands. Pidilite Industries Limited was founded in 1959 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Pidilite Industries Limited reported revenue of ₹146B in FY2026 versus ₹99.2B in FY2022, a compound +10.1%/yr. Reported net income was ₹24.5B in FY2026, compounding +19.3%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹146B
Latest YoY
+11.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.9%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.8% (3.9 + 0.9)
Revenue +10.1%/yr
FY22 ₹99.2B
FY23 ₹118B
FY24 ₹124B
FY25 ₹131B
FY26 ₹146B
Net income +19.3%/yr
FY22 ₹12.1B
FY23 ₹12.7B
FY24 ₹17.3B
FY25 ₹20.8B
FY26 ₹24.5B
Character of growth · EPS growth decomposed (2015-2026) +12.5 % p.a.
Revenue per share +11.0 %

of which total revenue +10.9 % · buybacks/dilution +0.1 %

EBIT margin −1.2 %
Tax rate +0.4 %
Residual (interest, one-offs) +2.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

PIDILITIND screens 363% overvalued. Compare with Linde plc →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Pidilite Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/PIDILITIND

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 24% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.9% · Below median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 67.7× · Pricier than 75% of peers
P/B 14.74× · Pricier than 75% of peers
P/S (TTM) 10.94× · Pricier than 75% of peers
P/FCF 0.8× · Cheaper than median
EV/EBITDA 46.4× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE71 · sector 20
PAST94 · sector 23
HEALTH100 · sector 95
DIVIDEND18 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

Compare Pidilite Industries Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Pidilite Industries Limited (PIDILITIND) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹351.84 versus a price of ₹1,630, about −78% upside (overvalued).
What is the fair value of PIDILITIND?
Our model-based fair value for Pidilite Industries Limited is ₹351.84 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹1,630.
What is the quality score of PIDILITIND?
Pidilite Industries Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pidilite Industries Limited (PIDILITIND)?
Pidilite Industries Limited reported trailing-twelve-month revenue of about ₹146B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of PIDILITIND?
The net profit margin of Pidilite Industries Limited is about 16.8%, meaning it keeps roughly 16.8% of revenue as net income. Based on the latest reported figures.
Does Pidilite Industries Limited pay a dividend?
Pidilite Industries Limited currently shows a dividend yield of about 0.92% relative to its recent price (as of Aug 23, 2026).
Free · no account needed

Watch Pidilite Industries Limited in the live analysis

One click puts Pidilite Industries Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.