By [Pradeep Saran]
October 11, 2024
Pidilite Industries is a leading Indian manufacturer of adhesives, sealants, and construction chemicals, with household brands like Fevicol, Fevikwik, and Dr. Fixit. The company is well-known for its innovation and market leadership. This article provides a detailed forecast of Pidilite’s share price targets for 2024, 2025, 2030, 2040, and 2050, along with an analysis of its competitors, product and services, future plans, and risk factors.
https://www.pidilite.com/Discover the projected Pidilite share price targets for 2024, 2025, 2030, 2040, and 2050. Learn about the company’s growth potential, products, and risk factors in this detailed analysis.
Pidilite Share Price Target (2024 to 2050)
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2024 | ₹2,470 | ₹3,500 |
| 2025 | ₹3,550 | ₹4,305 |
| 2030 | ₹7,710 | ₹9,021 |
| 2040 | ₹13,170 | ₹16,142 |
| 2050 | ₹27,560 | ₹29,340 |
Summary of Share Price Targets
- 2024: Pidilite is projected to continue its moderate growth, driven by its strong brand presence in both consumer and industrial segments. The price is expected to range between ₹2,470 to ₹3,500 in 2024.
- 2025: By 2025, Pidilite’s global expansion and innovation in product offerings are likely to push the share price to between ₹3,550 to ₹4,305. Growth in construction and home improvement sectors will be a key driver.
- 2030: In 2030, Pidilite’s continued focus on R&D and sustainability could see its stock price rise to between ₹7,710 to ₹9,021, as the company further consolidates its leadership position in the market.
- 2040: With a strong international footprint and diversified product lines, Pidilite is expected to witness substantial growth by 2040, with share prices forecasted to reach between ₹13,170 to ₹16,142.
- 2050: By 2050, Pidilite’s strategic investments in new technologies, market expansions, and innovative products are expected to drive its share price to a range of ₹27,560 to ₹29,340, establishing its dominance in the global market.
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Pidilite Share Price Target 2024
The brand’s strong market position, wide distribution network, and consistent innovation contribute to its share price growth. In 2024, Pidilite is expected to see moderate growth due to favorable market conditions, with prices expected between ₹2500 to ₹3450.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2024 | 2500 | 3450 |
Summary:
In 2024, Pidilite is likely to experience stable growth, driven by its core products like Fevicol and Dr. Fixit. Market trends suggest moderate price increases as the company maintains its dominance in the adhesives sector.
Pidilite Share Price Target 2025
With an expanding product range and strategic investments, Pidilite aims to increase its market share globally. By 2025, the company’s share price is forecasted between ₹3550 to ₹4500.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2025 | 3550 | 4500 |
Summary:
By 2025, Pidilite’s share price is expected to rise significantly due to new product launches and expansion in international markets, particularly in the Middle East and Southeast Asia.
Pidilite Share Price Target 2030
By 2030, Pidilite is projected to solidify its global presence, especially in the construction and home improvement sectors. The company’s focus on sustainability and product innovation could lead to a share price between ₹7800 to ₹9200.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2030 | 7800 | 9200 |
Summary:
Pidilite’s commitment to sustainability and R&D will drive its growth in the next decade, positioning it as a global leader in adhesives and construction chemicals.
Pidilite Share Price Target 2040
Looking towards 2040, Pidilite’s strategic focus on international expansion, digital transformation, and innovation could push its share price between ₹14000 to ₹16000.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2040 | 14000 | 16000 |
Summary:
In 2040, Pidilite’s long-term growth will be driven by its dominance in the adhesives market, its expansion into international territories, and its consistent focus on innovative solutions.
Pidilite Share Price Target 2050
By 2050, Pidilite aims to be a global leader in construction chemicals, with an estimated share price between ₹28000 to ₹30500. The company’s diversification into new markets and technologies will contribute to its long-term growth.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2050 | 28000 | 30500 |
Summary:
By 2050, Pidilite’s focus on technology-driven innovation and market expansion could significantly enhance its valuation, making it a highly valuable stock in the Indian market.
Pidilite Industries Limited Annual Report 2023-24
Key Financial Metrics
| Metric | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|
| Net Sales (₹ in crores) | 11,118 | 10,545 | 8,852 | 6,187 | 6,290 |
| EBIDTA (₹ in crores) | 2,550 | 1,855 | 1,772 | 1,548 | 1,484 |
| Profit After Tax (₹ in crores) | 1,792 | 1,257 | 1,191 | 1,082 | 1,161 |
| Earnings Per Share (₹) | 35.3 | 24.7 | 23.5 | 21.3 | 22.8 |
| Book Value Per Share (₹) | 163.9 | 139.8 | 124.8 | 109.4 | 87.9 |
| Dividend Per Share (₹) | 16.0 | 11.0 | 10.0 | 8.5 | 7.0 |
Financial Summary
In the fiscal year 2023-24, Pidilite Industries Limited achieved a significant increase in both revenue and profitability. Net sales rose to ₹11,118 crores, marking a growth of 5.4% from the previous year. The company also posted an impressive EBIDTA of ₹2,550 crores, representing a year-on-year growth of 37.4%.
The company’s profit after tax increased by 42.6% to ₹1,792 crores, while the earnings per share (EPS) jumped to ₹35.3, reflecting the company’s continued focus on profitability. Additionally, Pidilite declared a dividend per share of ₹16, a notable 45.5% increase from the previous fiscal year.
Balance Sheet Overview
| Metric | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|
| Net Current Assets (₹ in crores) | 2,607 | 1,688 | 1,321 | 542 |
| Reserves (₹ in crores) | 8,287 | 7,057 | 6,293 | 5,510 |
| Return on Average Net Worth (%) | 23.2% | 18.7% | 20.0% | 21.6% |
Summary of Profit and Loss
Pidilite’s financial year was marked by strong performance across all segments. Consumer demand remained steady, while its industrial segments benefited from increased infrastructure projects. The rise in EBITDA, paired with effective cost control, led to a substantial increase in profit margins. Additionally, the company continues to prioritize shareholder returns through increasing dividends and maintaining a solid financial position.
Pidilite Share Fundamental
Pidilite Share Growth and profitability
Pidilite Share last one year performance
Risk Factors
- Raw Material Price Volatility: Pidilite heavily relies on chemicals like vinyl acetate monomer. Any price fluctuation in raw materials could impact profit margins.
- Competition: Pidilite faces stiff competition from both domestic and international players, which could affect market share.
- Regulatory Risks: Stricter environmental regulations could impact Pidilite’s manufacturing processes.
- Global Economic Conditions: Political and economic instability in foreign markets could affect the company’s international revenue.
Competitors
- Kansai Nerolac Paints: Known for its industrial coatings, it is one of Pidilite’s major competitors in the construction chemicals sector.
- Asian Paints: Offers a diverse range of home improvement products and is a strong competitor in the adhesives space.
- 3M India: A global player with a wide range of industrial adhesives and chemicals, competing with Pidilite in various segments.
Products and Services
Pidilite manufactures adhesives, sealants, construction chemicals, and DIY products. Key brands include:
- Fevicol: The most trusted brand for wood adhesives.
- Dr. Fixit: Known for waterproofing solutions.
- Fevikwik: Instant adhesives with a strong market presence.
Future Plans
Pidilite plans to expand its international presence, particularly in Southeast Asia and the Middle East. The company is also investing heavily in R&D to develop sustainable, eco-friendly products to meet global demand.
Profit and Loss Summary
| Year | Revenue (₹ in Crores) | Net Profit (₹ in Crores) | EPS (₹) |
|---|
| 2023-2024 | 11,118 | 1,799 | 35.3 |
| 2022-2023 | 10,545 | 1,257 | 24.7 |
Summary:
Pidilite’s financials show strong revenue and profit growth, indicating a healthy balance sheet and strong operational efficiency.
Pros and Cons
Pros:
- Strong brand value and market presence.
- Consistent financial performance.
- Global expansion and product innovation.
Cons:
- Dependency on volatile raw material prices.
- Stiff competition in international markets.
FAQs
What is the target price of Pidilite in 2024?
The target price is projected between ₹2500 to ₹3450.
Is Pidilite a good long-term investment?
Yes, Pidilite’s strong brand presence and expansion plans make it a promising long-term investment.
Does Pidilite pay dividends?
Yes, Pidilite has consistently paid dividends. In 2023-24, the dividend per share was ₹16.0.
What are the risks of investing in Pidilite?
Raw material price volatility and increasing competition are some of the risks.
What is Pidilite’s market position?
Pidilite is a market leader in adhesives and construction chemicals in India.
How has Pidilite performed financially?
Pidilite has shown consistent growth in both revenue and net profits, as seen in the recent financials.
What are Pidilite’s future growth plans?
The company plans to expand into new international markets and invest in R&D for sustainable products.
Conclusion
Pidilite remains a strong contender in the Indian stock market with consistent financial growth, a diversified product portfolio, and expansion into international markets. For investors seeking a long-term investment, Pidilite’s focus on innovation and sustainability makes it a promising option.
Disclaimer: This forecast is based on available information and analysis. Actual stock prices can be influenced by various factors, including geopolitical events, unforeseen circumstances, and changes in market sentiment. It is essential to conduct thorough research and consider multiple factors before making any investment decisions.
Alert: This is just an estimate that the share target of Pidilite can be this much. If you want to invest then talk to an advisor and then invest. www.Homedecore24.com/Finance will not take any responsibility if your money is lost. Please invest money at your own risk.
