Reports › Company profiles › Pidilite Industries Limited
Pidilite Industries Limited
Sector: Adhesives and Construction Chemicals | HQ: Mumbai, Maharashtra | Founded: 1959 | Employees: ~6,800
Listed as: NSE / BSE listed; maker of Fevicol and M-Seal | NSE / BSE | Ticker: PIDILITIND.NS | Website →
Live stock price (NSE)
₹1,437
-38.80 (-2.63%) today
Source: Yahoo Finance · Refreshed every 15 minutes · Fetched 11/5/2026, 4:34:39 pm IST. For information only; not investment advice.
Key people
- Madhukar Parekh (Chairman)
- Bharat Puri (Managing Director)
Company overview
Pidilite Industries Limited is one of India's most respected consumer and industrial chemicals companies, manufacturing adhesives, sealants, construction chemicals, art materials, and industrial speciality chemicals. Founded in 1959 in Mumbai by Balvant Parekh, the company is best known for Fevicol (white wood adhesive), M-Seal (epoxy sealant), Fevikwik (cyanoacrylate), Dr Fixit (construction chemicals), Roff (tile adhesives), and Hobby Ideas (art materials). FY25 consolidated revenue was approximately ₹12,800 crore with PAT of ₹1,750 crore. The Fevicol brand is one of India's most-recognised consumer brands and a textbook example of long-term brand investment.
Business model
Pidilite operates two reporting segments. Consumer and Bazaar (B2C) covers adhesives, sealants, construction chemicals, and DIY products sold through 5,000+ distributors and 10 lakh+ retail outlets. Business and Industrial (B2I) covers industrial adhesives, leather chemicals, organic pigments, and industrial speciality chemicals sold directly to manufacturers and converters. The Consumer and Bazaar segment is the larger profit pool with structural pricing power; the B2I segment is more cyclical.
Operating segments
Adhesives and Sealants (Fevicol, M-Seal, Fevikwik)
India's largest adhesives brand. Dominant carpenter and DIY market.
Construction Chemicals (Dr Fixit, Roff)
Waterproofing, tile adhesives, repair chemicals. Growing with real-estate cycle.
Art Materials (Hobby Ideas, Camlin acquisition)
School and craft markets. Camlin Fine Sciences and Camlin Lifesciences are separate listed entities.
Industrial Adhesives and Speciality Chemicals
Footwear, textiles, packaging, automotive industrial adhesives and chemicals.
Financial performance and recent trajectory
Pidilite reported FY25 consolidated revenue of approximately ₹12,800 crore with EBITDA of ₹2,950 crore. EBITDA margin sits in the 21 to 24 percent range supported by the Fevicol brand pricing premium. Capital expenditure is moderate at ₹500 to ₹800 crore per year. The balance sheet is debt-free with net cash position. Recent acquisitions (Tenax, Pulvitec do Brasil, ICA Pidilite for woodcoatings) have been bolt-on rather than transformative.
Stock performance and shareholder context
Pidilite Industries (NSE: PIDILITIND, BSE: 500331) trades at a premium P/E in the 65 to 80x range reflecting the high quality of the franchise. Promoter holding is approximately 70 percent across the Parekh family.
12-month price trajectory
Monthly closes over the last 12 months. Source: Yahoo Finance.
Competitive position
Pidilite dominates the Indian adhesives market with no meaningful competitor in the white wood adhesive segment. In construction chemicals, it competes with Sika India, BASF, MYK Laticrete, and the larger paint companies (Asian Paints Smart Care). The Fevicol brand and the carpenter-level distribution depth are the structural moats.
Key risks
Raw material inflation (VAM, urea-formaldehyde); slowdown in real-estate-led construction demand; private-label and unbranded substitutes in DIY; international expansion execution.
Outlook
Strong outlook on the secular growth of Indian organised construction and DIY markets. Pidilite's Fevicol franchise remains one of the strongest consumer brands in India and the benchmark for adhesives manufacturing entrants. For new entrants in the adhesives and construction chemicals space, Pidilite's distribution depth and brand investment intensity are the principal competitive parameters.
KAMRIT point of view
Building or competing with Pidilite?
KAMRIT advises promoters, family offices, and global enterprises evaluating greenfield entry into the adhesives and construction chemicals sector. Our Bankable DPR with Cost Model and ROI benchmarks your project economics against the listed-company cost structure of Pidilite and peers. The Execution Partnership tier covers everything from incorporation through commissioning. A 20-minute scoping call with our partners is free.
Related KAMRIT project reports
These reports use Pidilite Industries Limited in benchmarking and competitive analysis sections.
Adhesive & Sealant Manufacturing Project Report
Manufacturing · Market ₹18,000 crore · CAGR 9.4%
Paint Manufacturing Plant Project Report
Building & Construction · Market ₹78,000 crore · CAGR 11.2%
Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.