Pidilite Industries Ltd

Pidilite Industries Ltd Share Price

Pidilite Industries Limited, founded in 1959, is an Indian multinational corporation that manufactures adhesives. Its headquarters are in Andheri (East), Mumbai. The firm opened its first production plant at Kondivita Village, Mumbai, which is now the company's Corporate Headquarters. In 1990, the firm took a key step toward building its brand awareness by renaming it Pidilite Industries Private Limited. Pidilite acquired the brand M-seal in 2000, laying the groundwork for the creation of a new business, the Maintenance business, in its portfolio.

Pidilite was listed on the Bombay Stock Exchange and became a publicly traded company in 1993. It is listed on both the major exchanges of the country. So, you will find Pidilite Industries Ltd share price on NSE and BSE. You can check the Pidilite share price today on BlinkX.

Business Segments of Pidilite Industries

Pidilite Industries operates two key business segments:

• Branded Products: This section comprises items such as adhesives, sealants, art supplies, and stationery offered to consumers via retail channels. Popular brands in this category include Fevicol, Fevikwik, Fevistik, M-Seal, and Dr. Fixit.
• Business-to-Business (B2B) segment: It includes industrial adhesives, industrial resins, construction chemicals (projects), organic pigments, and pigment preparations marketed to enterprises. Pidilite's B2B products are utilised in a wide range of sectors, including packaging, woodwork, textiles, paints, printing inks, paper, and leather.

Subsidiaries of Pidilite Industries

Pidilite Industries has several subsidiaries, as listed below:

1. Fevicol Company Ltd: It is a wholly-owned subsidiary of Pidilite Industries Ltd. It is India's largest glue maker, with a substantial presence in consumer and industrial industries. Fevicol Company Ltd. provides a wide range of adhesives, such as white glue, wood glue, epoxy glue, and construction adhesives.
2. Pagel Concrete Technologies Pvt. Ltd: It is Pidilite Industries Ltd.'s fully-owned subsidiary. It is India's major maker of concrete admixtures and building chemicals. Pagel Concrete Technologies Pvt. Ltd. provides a diverse range of products, such as superplasticisers, water reducers, and concrete curing additives.
3. Tenax Pidilite India Pvt. Ltd: It is a fully-owned subsidiary of Pidilite Industries Ltd. It is a top maker of geosynthetics such as geotextiles, geogrids, and geomembranes.  

Corporate Actions of Pidilite Industries

Following are some key corporate actions that have affected the Pidilite Industries share price.

• On February 12, 2018, Pidilite Industries Limited bought back 49,99,056 fully paid-up equity shares, each with a face value of Rs.1, per the buyback regulations.
• On March 17, 2010, Pidilite Industries Limited offered a bonus in the ratio of 1:1.

Key Personnel of Pidilite Industries

The following two individuals have played a vital role in the company’s growth.

1. Madhukar B. Parekh, Chairman
   Madhukar B. Parekh joined Pidilite in 1972 after working for Abbott Laboratories in the United States. Mr Parekh's efforts transformed Fevicol into one of the country's most prestigious brands.
2. Mr. Bharat Puri, Managing Director
   As Managing Director, Mr Puri is responsible for Pidilite's development and innovation. His leadership has helped the company's success in the adhesives and sealants market.

Management Outlook of Pidilite Industries

• The Indian economy offers an opportunity for the firm, indicating potential revenue growth. Increased investment in government programs and infrastructure, as well as increasing income, can raise consumer demand. 
• The emphasis on affordable housing and new buildings implies development potential, which might benefit the company's financial performance and the Pidilite share price.
• However, rising borrowing interest rates are a concern, and their influence on market expansion indicates it might be difficult to earn profits. 
• Overseas subsidiaries are also exposed to political and economic uncertainty, which might risk the company's success.