Pidilite Industries (PIDILITIND) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
37.5B
Gross Profit
20.3B
54.12%
Operating Income
8.4B
22.50%
Net Income
6.8B
18.07%
EPS (Diluted)
₹13.19
Balance Sheet Metrics
Total Assets
140.1B
Total Liabilities
40.5B
Shareholders Equity
99.6B
Debt to Equity
0.41
Cash Flow Metrics
Revenue & Profitability Trend
Pidilite Industries Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 130.9B | 123.4B | 117.5B | 98.8B | 72.5B |
| Cost of Goods Sold | 60.6B | 60.6B | 68.2B | 54.9B | 34.1B |
| Gross Profit | 70.3B | 62.8B | 49.4B | 43.9B | 38.4B |
| Gross Margin % | 53.7% | 50.9% | 42.0% | 44.4% | 53.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 6.4B | 6.2B | 4.0B | 3.0B | 2.5B |
| Other Operating Expenses | 13.9B | 12.7B | 11.1B | 9.6B | 8.0B |
| Total Operating Expenses | 20.3B | 18.9B | 15.2B | 12.6B | 10.5B |
| Operating Income | 26.7B | 24.0B | 17.5B | 16.5B | 15.0B |
| Operating Margin % | 20.4% | 19.5% | 14.9% | 16.7% | 20.6% |
| Non-Operating Items | |||||
| Interest Income | 154.5M | 121.0M | 76.3M | 45.8M | 168.4M |
| Interest Expense | 503.5M | 511.9M | 476.4M | 420.8M | 372.3M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 28.2B | 23.8B | 17.2B | 16.1B | 15.2B |
| Income Tax | 7.3B | 6.3B | 4.3B | 4.1B | 4.0B |
| Effective Tax Rate % | 25.7% | 26.6% | 25.2% | 25.2% | 26.0% |
| Net Income | 21.0B | 17.5B | 12.9B | 12.1B | 11.3B |
| Net Margin % | 16.0% | 14.2% | 11.0% | 12.2% | 15.5% |
| Key Metrics | |||||
| EBITDA | 30.4B | 27.5B | 20.2B | 19.0B | 17.3B |
| EPS (Basic) | ₹40.82 | ₹34.01 | ₹25.05 | ₹23.76 | ₹22.26 |
| EPS (Diluted) | ₹40.73 | ₹33.98 | ₹25.03 | ₹23.75 | ₹22.24 |
| Basic Shares Outstanding | 508622042 | 508494110 | 508300950 | 508164425 | 508135294 |
| Diluted Shares Outstanding | 508622042 | 508494110 | 508300950 | 508164425 | 508135294 |
Income Statement Trend
Pidilite Industries Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 3.2B | 5.2B | 3.1B | 3.5B | 4.4B |
| Short-term Investments | 31.7B | 18.9B | 5.4B | 1.7B | 1.8B |
| Accounts Receivable | 18.3B | 16.9B | 15.5B | 14.5B | 13.4B |
| Inventory | 16.9B | 14.1B | 18.2B | 17.0B | 12.3B |
| Other Current Assets | 3.9B | -6.1M | 2.4B | 2.6B | 2.3B |
| Total Current Assets | 74.6B | 58.4B | 45.6B | 40.2B | 35.2B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 28.4B | 25.5B | 20.0B | 17.6B | 14.4B |
| Goodwill | 41.5B | 41.8B | 42.0B | 42.3B | 42.6B |
| Intangible Assets | 15.9B | 16.1B | 16.2B | 16.6B | 16.9B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 487.4M | 484.4M | 509.6M | 553.8M | 941.3M |
| Total Non-Current Assets | 65.5B | 62.7B | 59.6B | 55.0B | 53.2B |
| Total Assets | 140.1B | 121.0B | 105.3B | 95.2B | 88.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 14.2B | 11.8B | 10.9B | 10.6B | 10.3B |
| Short-term Debt | 2.3B | 1.9B | 2.1B | 3.2B | 2.4B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 878.2M | 3.3B | 2.8B | 2.5B | 2.2B |
| Total Current Liabilities | 32.9B | 28.0B | 24.1B | 23.3B | 24.3B |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.2B | 1.9B | 1.8B | 977.6M | 930.7M |
| Deferred Tax Liabilities | 4.1B | 3.9B | 4.0B | 4.0B | 4.0B |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 7.6B | 6.9B | 6.7B | 5.9B | 5.6B |
| Total Liabilities | 40.5B | 34.9B | 30.8B | 29.1B | 30.0B |
| Equity | |||||
| Common Stock | 508.6M | 508.6M | 508.3M | 508.3M | 508.2M |
| Retained Earnings | 80.7B | 68.2B | 57.1B | 49.3B | 41.3B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 99.6B | 86.2B | 74.5B | 66.0B | 58.3B |
| Key Metrics | |||||
| Total Debt | 4.5B | 3.8B | 3.9B | 4.2B | 3.3B |
| Working Capital | 41.7B | 30.4B | 21.5B | 16.9B | 10.8B |
Balance Sheet Composition
Pidilite Industries Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 28.2B | 23.8B | 17.2B | 16.1B | 15.2B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 889.1M | 90.7M | 141.3M | 280.9M | 172.4M |
| Working Capital Changes | -4.4B | 4.7B | -1.1B | -5.9B | -3.3B |
| Operating Cash Flow | 25.1B | 29.7B | 16.7B | 10.9B | 12.3B |
| Investing Activities | |||||
| Capital Expenditures | -4.5B | -5.5B | -5.0B | -3.7B | -3.5B |
| Acquisitions | -229.0M | 670.8M | 0 | -2.6B | -20.6B |
| Investment Purchases | -45.0B | -27.1B | -18.6B | -1.0B | -29.4B |
| Investment Sales | 34.2B | 14.2B | 14.5B | 1.7B | 36.4B |
| Investing Cash Flow | -15.5B | -17.7B | -9.1B | -5.6B | -17.1B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -8.1B | -5.6B | -5.1B | -4.3B | -6.9M |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | 0 | -29.7M | -181.3M | -111.3M |
| Financing Cash Flow | -8.0B | -6.2B | -5.7B | -3.9B | -129.9M |
| Free Cash Flow | 18.3B | 21.7B | 10.5B | 5.8B | 10.4B |
| Net Change in Cash | 1.6B | 5.7B | 1.9B | 1.4B | -4.9B |
Cash Flow Trend
Pidilite Industries Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
71.77
Forward P/E
151.80
Price to Book
16.03
Price to Sales
11.58
PEG Ratio
151.80
Profitability Ratios
Profit Margin
16.16%
Operating Margin
22.50%
Return on Equity
20.85%
Return on Assets
14.82%
Financial Health
Current Ratio
2.27
Debt to Equity
4.56
Beta
0.34
Per Share Data
EPS (TTM)
₹42.83
Book Value per Share
₹191.77
Revenue per Share
₹265.36
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| pidilitind | 1.6T | 71.77 | 16.03 | 20.85% | 16.16% | 4.56 |
| Asian Paints | 2.4T | 65.80 | 12.24 | 18.28% | 10.63% | 11.42 |
| Solar Industries | 1.3T | 104.16 | 29.84 | 26.66% | 15.75% | 21.49 |
| Berger Paints India | 634.6B | 55.48 | 10.31 | 19.14% | 9.79% | 10.87 |
| Linde India | 543.8B | 121.95 | 14.23 | 12.48% | 18.30% | 1.11 |
| Gujarat | 383.6B | 61.73 | 5.28 | 7.48% | 12.85% | 28.50 |
Financial data is updated regularly. All figures are in the company's reporting currency.