Revenue distribution by sectors:

• Adhesives and Sealants: approx. 55%
• Plastics and Paints: approx. 25%
• Construction Chemicals: approx. 15%
• Other Products: approx. 5%

TOP 3 markets and their percentage shares:

• India: approx. 70%
• Southeast Asia: approx. 15%
• Middle East: approx. 10%

Pidilite Industries Limited generates the majority of its revenue from the adhesives and sealants sector, which is attributed to its strong market position and brand recognition in this segment.

The Indian market remains the dominant market for the company, supported by the growing construction industry and increasing demand for DIY products. Southeast Asia and the Middle East are also significant markets that are being further developed through strategic expansions and partnerships.

Production Sites: India, Thailand, Brazil, USA, Egypt, Dubai

Pidilite Industries Limited mainly produces its products in India, where the majority of its production facilities are located. In addition, the company has international production sites in Thailand, Brazil, the USA, Egypt, and Dubai. This geographical diversification enables Pidilite to efficiently serve both local and international markets and optimize its supply chains.

Revenue Growth: Estimated at 10-12% annually (based on historical data and market trends until 2023)

Market Share in India: Over 70% in the adhesive segment (2023)

Pidilite Industries Limited pursues a growth strategy based on several pillars. Firstly, the company focuses on innovation and the development of new products to further solidify its market leadership in the adhesive and construction chemicals market. This includes investments in research and development to bring innovative and environmentally friendly products to the market.

Secondly, Pidilite continuously expands into international markets, particularly in Asia and Africa, to strengthen its global presence. This expansion is supported by strategic partnerships and acquisitions that facilitate access to new markets and technologies.

Thirdly, the company places great emphasis on strengthening its distribution channels and improving customer experience. This includes expanding the retail network and implementing digital platforms to increase reach and efficiency.

Overall, Pidilite aims to achieve sustainable growth through diversification, technological innovation, and geographical expansion.

Main raw materials: Vinyl acetate monomer (VAM), acrylic acid, ethylene, solvents

Main importing countries: USA, China, Europe

Pidilite Industries Limited imports a variety of raw materials essential for the production of their adhesives and construction chemicals. The key raw materials include vinyl acetate monomer (VAM), acrylic acid, and ethylene. These materials are crucial for the production of adhesives and other chemical products.

The main sources for these imports are the USA, China, and various European countries. These regions are known for their chemical industry and provide the required raw materials in the necessary quality and quantity. Dependency on these imports makes Pidilite susceptible to fluctuations in raw material prices and exchange rates, which can impact production costs and ultimately profit margins.

Market share in the adhesive industry: Over 70% in India (2023)

EBITDA margin: 23.5% (2023)

Pidilite Industries Limited has a significant competitive advantage, especially in the Indian adhesive industry. With a market share of over 70%, the company dominates this sector and benefits from strong brands like Fevicol, which are almost synonymous with adhesive in India.

The EBITDA margin of 23.5% demonstrates the company's ability to operate efficiently and generate high profits, indicating strong cost control and pricing power. This financial strength enables Pidilite to continuously invest in research and development to develop innovative products and meet market demands.

Additionally, through its extensive distribution infrastructure and strong brand awareness, Pidilite has a significant advantage over new market entrants. These factors together secure the company a leading position and a sustainable competitive edge in the industry.

Institutional Investor Share: Approximately 25% (2025, estimate based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2025, estimate)

Pidilite Industries Limited has traditionally maintained a stable institutional investor share, typically ranging from about 20-30%. These investors are often long-term oriented and contribute to the stability of the stock price.

Regarding insider transactions, there were no significant buys or sells in 2025 that would indicate a change in the executives' confidence in the company. This suggests that the management has a neutral to positive outlook on the company's future performance.

Market share of Pidilite Industries: Approximately 70% in the adhesive market in India (estimated for 2025)

Top competitors and their market shares:

1. Pidilite Industries: Approximately 70%
2. Asian Paints: Approximately 10%
3. Berger Paints: Approximately 5%
4. Akzo Nobel: Approximately 3%
5. Nerolac Paints: Approximately 2%

Pidilite Industries Limited is the dominant player in the Indian adhesive market, especially through its well-known brand Fevicol. The market share of about 70% illustrates the company's strong position. This dominance is supported by strong brand recognition, a wide product portfolio, and a dense distribution network.

Pidilite's economic moat is significant, as the company stands out not only through its brand strength but also through continuous innovations and strong customer loyalty. Compared to competitors, Pidilite has a clear advantage as a market leader capable of setting trends and quickly adapting to market changes.

Competitors, especially in the paints and coatings sector like Asian Paints and Berger Paints, also have strong brands and distribution networks, albeit in a slightly different market segment. Their economic moat is less pronounced in the adhesive market as they focus more on paints and coatings.

Overall, Pidilite Industries has a significant competitive advantage in the adhesive market, supported by its market leadership and innovation capabilities.

Revenue Growth: 18% (2024)
Profit Growth: 16% (2024)
Market Share in the Adhesive Segment in India: 70% (2024)

Pidilite Industries Limited recorded strong revenue growth of 18% in 2024, attributed to robust demand for its products and effective market penetration. The company has maintained its market leadership in the adhesive segment in India with an impressive market share of 70%.

The 16% profit growth in the same period indicates that Pidilite is not only able to increase revenue but also operate efficiently and improve profitability. This performance is particularly remarkable in a competitive market environment.

Additionally, Pidilite has been consistently investing in research and development in recent years to develop innovative products that meet changing customer needs. This could further strengthen the company in the future and open up new growth opportunities.

Overall, these factors suggest that Pidilite Industries Limited is well positioned to continue to be successful. The strong market position, continuous growth, and innovation make the stock a potentially good investment, regardless of short-term market fluctuations.

Dividend per share: INR 10.50 (2024)

Dividend yield: 0.85% (2024)

Pidilite Industries Limited has regularly paid dividends in recent years, indicating a reliable dividend policy. The dividend per share was INR 10.50 in 2024, resulting in a dividend yield of approximately 0.85%.

The company has a solid financial foundation and a strong market position, increasing the likelihood of continuous dividend payments in the future. The payout ratio is in the moderate range, indicating that Pidilite Industries is able to both pay dividends and invest in the company's growth.