Pidilite Industries (PIDILITIND)₹1,588+0.59%Specialty Chemicals
In the Sep 2026 quarter (consolidated), Pidilite Industries reported sales of ₹4,309 Cr, up 21.0% from Sep 2025, and net profit of ₹626 Cr, up 6.9% year on year. For the year to Mar 2026, sales were ₹14,625 Cr and net profit ₹2,475 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,138 | 2,906 | 3,400 | 3,240 | 3,376 | 3,148 | 3,763 | 3,560 | 3,716 | 3,589 | 4,562 | 4,309 |
| Expenses | 2,394 | 2,333 | 2,591 | 2,471 | 2,577 | 2,514 | 2,818 | 2,710 | 2,824 | 2,761 | 3,366 | 3,427 |
| Operating Profit | 742 | 575 | 812 | 768 | 797 | 632 | 941 | 850 | 894 | 830 | 1,194 | 877 |
| OPM % | 24.1% | 20.0% | 24.0% | 24.0% | 24.1% | 20.1% | 25.0% | 24.0% | 24.1% | 23.1% | 26.0% | 20.0% |
| Other Income | 36.89 | −22.91 | 53.78 | 56.80 | 55.84 | 54.83 | 85.77 | 49.80 | 59.77 | 56.79 | 109 | 69.74 |
| Interest | 12.96 | 12.96 | 11.95 | 11.97 | 11.95 | 13.95 | 13.96 | 12.96 | 12.96 | 13.95 | 12.96 | 12.96 |
| Depreciation | 79.22 | 113 | 84.24 | 88.23 | 90.29 | 97.34 | 97.34 | 100 | 101 | 97.34 | 97.24 | 100 |
| Profit before tax | 686 | 425 | 768 | 723 | 751 | 575 | 914 | 786 | 838 | 775 | 1,189 | 832 |
| Tax % | 26.1% | 29.1% | 26.1% | 25.1% | 26.1% | 26.1% | 26.1% | 26.1% | 26.1% | 25.1% | 26.1% | 25.1% |
| Exceptional items | 0.00 | −49.80 | 0.00 | 0.00 | 0.00 | −17.92 | 0.00 | 0.00 | −3.98 | −5.98 | 10.95 | 0.00 |
| Net Profit | 511 | 304 | 572 | 540 | 557 | 429 | 678 | 586 | 625 | 585 | 885 | 626 |
| EPS (Rs) | 5.01 | 2.95 | 5.56 | 5.25 | 5.42 | 4.14 | 6.59 | 5.68 | 6.06 | 5.68 | 8.56 | 6.02 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,368 | 5,626 | 6,088 | 7,096 | 7,311 | 7,312 | 9,938 | 11,820 | 12,402 | 13,169 | 14,625 | 16,176 |
| Expenses | 4,197 | 4,367 | 4,749 | 5,723 | 5,735 | 5,621 | 8,085 | 9,843 | 9,698 | 10,148 | 11,112 | 12,378 |
| Operating Profit | 1,174 | 1,262 | 1,342 | 1,371 | 1,576 | 1,686 | 1,856 | 1,987 | 2,710 | 3,009 | 3,519 | 3,795 |
| OPM % | 22.0% | 22.1% | 22.1% | 19.1% | 22.0% | 23.0% | 19.1% | 17.1% | 22.0% | 23.1% | 24.1% | 23.5% |
| Other Income | 80.79 | 115 | 153 | 130 | 96.72 | 73.80 | 38.84 | 54.84 | 62.76 | 220 | 247 | 295 |
| Interest | 12.96 | 13.95 | 15.96 | 25.90 | 33.89 | 36.85 | 41.86 | 47.83 | 50.85 | 49.81 | 53.82 | 52.83 |
| Depreciation | 100 | 115 | 120 | 133 | 171 | 202 | 241 | 271 | 342 | 359 | 396 | 396 |
| Profit before tax | 1,138 | 1,245 | 1,355 | 1,339 | 1,466 | 1,519 | 1,611 | 1,719 | 2,372 | 2,817 | 3,313 | 3,635 |
| Tax % | 29.1% | 31.1% | 29.1% | 31.1% | 24.1% | 26.1% | 25.1% | 25.1% | 27.1% | 26.1% | 26.1% | — |
| Exceptional items | 0.00 | −0.99 | 4.98 | −13.95 | −38.83 | −6.97 | −6.98 | 0.00 | −52.79 | −16.93 | −13.96 | 0.99 |
| Net Profit | 808 | 863 | 967 | 929 | 1,122 | 1,127 | 1,208 | 1,290 | 1,747 | 2,099 | 2,475 | 2,721 |
| EPS (Rs) | 7.82 | 8.37 | 9.47 | 9.09 | 10.98 | 11.11 | 11.86 | 12.49 | 16.97 | 20.36 | 24.01 | 26.32 |
| Dividend payout % | 25.9% | 27.9% | 32.0% | 36.0% | 31.9% | 38.0% | 42.0% | 43.9% | 46.9% | 49.0% | 47.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 50.88 | 50.92 | 50.90 | 50.86 | 50.92 | 50.87 | 50.88 | 50.90 | 50.89 | 50.92 | 50.85 | 102 |
| Reserves | 2,225 | 2,593 | 3,431 | 3,532 | 4,112 | 4,418 | 5,562 | 6,370 | 7,182 | 8,375 | 9,737 | 10,767 |
| Borrowings | 57.82 | 79.81 | 97.70 | 125 | 113 | 287 | 330 | 415 | 390 | 381 | 453 | 416 |
| Other Liabilities | 988 | 996 | 1,199 | 1,503 | 1,638 | 1,778 | 2,890 | 2,677 | 2,901 | 3,291 | 3,764 | 4,141 |
| Total Liabilities | 3,322 | 3,720 | 4,778 | 5,211 | 5,914 | 6,534 | 8,833 | 9,511 | 10,524 | 12,099 | 14,005 | 15,426 |
| Fixed Assets | 979 | 1,138 | 1,276 | 1,344 | 1,449 | 1,808 | 4,422 | 4,706 | 4,921 | 5,459 | 5,710 | 5,781 |
| CWIP | 462 | 158 | 148 | 227 | 242 | 259 | 294 | 225 | 406 | 148 | 129 | 329 |
| Investments | 371 | 707 | 1,445 | 1,249 | 1,550 | 1,187 | 517 | 459 | 882 | 2,237 | 3,556 | 4,356 |
| Other Assets | 1,511 | 1,718 | 1,910 | 2,391 | 2,674 | 3,279 | 3,600 | 4,121 | 4,316 | 4,255 | 4,609 | 4,962 |
| Inventories | 642 | 628 | 722 | 806 | 937 | 932 | 1,237 | 1,699 | 1,822 | 1,420 | 1,690 | 1,744 |
| Trade receivables | 587 | 703 | 770 | 941 | 1,058 | 1,091 | 1,324 | 1,434 | 1,539 | 1,679 | 1,814 | 2,185 |
| Cash & equivalents | 76.24 | 132 | 100 | 164 | 191 | 705 | 452 | 356 | 328 | 535 | 337 | 300 |
| Total Assets | 3,322 | 3,720 | 4,778 | 5,211 | 5,914 | 6,534 | 8,833 | 9,511 | 10,524 | 12,099 | 14,005 | 15,426 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 550 | 905 | 791 | 793 | 842 | 1,277 | 1,388 | 953 | 1,553 | 2,714 | 2,281 | 2,818 |
| Cash from investing activity | −436 | −491 | −878 | 38.94 | −512 | 103 | −1,687 | −557 | −898 | −1,766 | −1,541 | −1,222 |
| Cash from financing activity | −164 | −370 | 40.87 | −787 | −360 | −846 | −75.74 | −466 | −654 | −739 | −914 | −1,669 |
| Net cash flow | −49.02 | 45.05 | −45.03 | 46.03 | −28.99 | 534 | −372 | −71.06 | 2.01 | 212 | −173 | −68.05 |
| Capex | 410 | 170 | 133 | 273 | 263 | 466 | 353 | 375 | 504 | 558 | 452 | 593 |
| Free cash flow | 143 | 741 | 670 | 524 | 590 | 835 | 1,038 | 581 | 1,059 | 2,170 | 1,838 | 2,238 |
| CFO / OP % | 93.9% | 104.0% | 91.9% | 90.9% | 90.9% | 105.9% | 104.9% | 75.9% | 98.9% | 123.9% | 100.0% | 104.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 44 | 48 | 50 | 56 | 54 | 54 | 66 | 53 | 47 | 49 | 50 | 55 |
| Inventory days | 88 | 89 | 100 | 102 | 95 | 100 | 133 | 114 | 98 | 86 | 103 | 98 |
| Days payable | 45 | 53 | 54 | 69 | 59 | 67 | 109 | 70 | 57 | 70 | 85 | 86 |
| Cash conversion cycle | 87 | 85 | 97 | 90 | 91 | 89 | 92 | 97 | 89 | 67 | 69 | 67 |
| Working capital days | 26 | 35 | 39 | 48 | 47 | 35 | 22 | 42 | 39 | 18 | 18 | 17 |
| ROCE % | 31.9% | 44.9% | 39.0% | 35.9% | 32.9% | 32.9% | 28.0% | 24.9% | 23.9% | 29.9% | 30.0% | 30.9% |
For the Sep 2026 quarter, Pidilite Industries reported sales of ₹4,309 Cr, up 21.0% year on year and net profit of ₹626 Cr, up 6.9% year on year. The operating margin was 20.0%.
Pidilite Industries' sales for the year to Mar 2026 were ₹14,625 Cr; over the last twelve months they were ₹16,176 Cr.
Net profit for the year to Mar 2026 was ₹2,475 Cr, and ₹2,721 Cr over the last twelve months. Earnings per share over the same trailing period were ₹26.32.
Pidilite Industries reported borrowings of ₹416 Cr at Mar 2026, against cash and equivalents of ₹300 Cr.
Cash from operations was ₹2,818 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2,238 Cr.