Pidilite Industries Limited share price is at ₹2,981.10 on January 23, 2025, marking a significant increase of ₹226.35 or 8.22% in a single trading session. This jump underscores strong investor sentiment and potential positive developments around the company. The movement positions the stock near its recent high, reflecting robust market confidence.
Pidilite’s stock has been consistently trading within a volatile range. The 52-week high of the stock stands at ₹3,415.00, while the 52-week low is ₹2,488.10. With the current price moving closer to its historical high, the momentum indicates renewed investor interest, potentially driven by improved fundamentals, market news, or industry developments.
In the fiscal year ending March 31, 2024, Pidilite Industries reported net sales of ₹12,337 crore, marking a 5% increase over the previous year. The company achieved an EBITDA of ₹2,707 crore, representing a 36% growth, and a Profit After Tax (PAT) of ₹1,747 crore, up by 36% from the prior year.
This robust financial performance underscores the company's effective operational strategies and strong market demand for its products.
In the quarter ending September 30, 2024, Pidilite Industries reported a consolidated net profit of ₹5.35 billion, an 18.8% increase from the same period the previous year. Revenue for the quarter rose by 5.2% to ₹32.35 billion. Total expenses increased by 3.3% to ₹25.66 billion, with material costs rising by 1.7%. The consumer and bazaar segment, accounting for nearly 80% of the company's revenue, experienced a 2.9% growth, while the business-to-business segment saw a 14.3% increase.
For the fiscal year 2023-2024, the company proposed a final dividend of ₹16 per share, reflecting its commitment to delivering value to shareholders.
Analysts have set a median price target of ₹3,241.94 for Pidilite Industries' stock, with estimates ranging between ₹2,600.00 and ₹3,735.00. This suggests a potential upside from the current stock price, indicating optimism about the company's future performance.
Pidilite Industries Limited continues to exhibit strong financial health and market performance. With a diversified product portfolio and consistent growth in key financial metrics, the company is well-positioned to maintain its leadership in the adhesives and sealants industry. The positive outlook from analysts further reinforces confidence in the company's future prospects.