Pidilite Industries Limited
Pidilite Industries Limited, together with its subsidiaries, engages in the manufacture and sale of various chemicals in India and internationally. The company operates through the Consumer & Bazaar, and Business to Business segments. The Consumer & Bazaar segment offers adhesives, sealants, art and craft materials; and construction and paint chemicals for carpenters, painters, plumbers, mechanic… Read more
Pidilite Industries Limited (PIDILITIND) - Net Assets
Latest net assets as of September 2025: ₹97.56 Billion INR
Based on the latest financial reports, Pidilite Industries Limited (PIDILITIND) has net assets worth ₹97.56 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹138.97 Billion) and total liabilities (₹41.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹97.56 Billion |
| % of Total Assets | 70.2% |
| Annual Growth Rate | 18.02% |
| 5-Year Change | 70.71% |
| 10-Year Change | 252.41% |
| Growth Volatility | 6.61 |
Pidilite Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Pidilite Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pidilite Industries Limited (2005–2025)
The table below shows the annual net assets of Pidilite Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹99.58 Billion | +15.56% |
| 2024-03-31 | ₹86.17 Billion | +15.73% |
| 2023-03-31 | ₹74.46 Billion | +12.77% |
| 2022-03-31 | ₹66.03 Billion | +13.19% |
| 2021-03-31 | ₹58.33 Billion | +24.87% |
| 2020-03-31 | ₹46.71 Billion | +7.26% |
| 2019-03-31 | ₹43.55 Billion | +16.17% |
| 2018-03-31 | ₹37.49 Billion | +4.19% |
| 2017-03-31 | ₹35.98 Billion | +27.34% |
| 2016-03-31 | ₹28.26 Billion | +24.17% |
| 2015-03-31 | ₹22.76 Billion | +16.30% |
| 2014-03-31 | ₹19.57 Billion | +18.41% |
| 2013-03-31 | ₹16.52 Billion | +24.56% |
| 2012-03-31 | ₹13.27 Billion | +22.28% |
| 2011-03-31 | ₹10.85 Billion | +24.40% |
| 2010-03-31 | ₹8.72 Billion | +25.52% |
| 2009-03-31 | ₹6.95 Billion | +11.87% |
| 2008-03-31 | ₹6.21 Billion | +28.82% |
| 2007-03-31 | ₹4.82 Billion | +16.24% |
| 2006-03-31 | ₹4.15 Billion | +14.57% |
| 2005-03-31 | ₹3.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pidilite Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8071820000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹80.72 Billion | 82.75% |
| Common Stock | ₹508.60 Million | 0.52% |
| Other Components | ₹16.32 Billion | 16.73% |
| Total Equity | ₹97.54 Billion | 100.00% |
Pidilite Industries Limited Competitors by Market Cap
The table below lists competitors of Pidilite Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Accelink Technologies Co Ltd
SHE:002281
|
$5.37 Billion |
|
Federal Home Ln Mtg
OTCQB:FMCKM
|
$5.38 Billion |
|
BERKELEY GR.HL LS-054141
F:42BB
|
$5.38 Billion |
|
Paycom Soft
F:0PY
|
$5.38 Billion |
|
SGH Ltd
AU:SGH
|
$5.37 Billion |
|
NEW ORIENTAL EDU.+TECH.G.
F:N1U0
|
$5.37 Billion |
|
Altair Engineering Inc
NASDAQ:ALTR
|
$5.36 Billion |
|
Porsche Automobil Holding SE
PINK:POAHF
|
$5.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pidilite Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 84,071,600,000 to 97,544,600,000, a change of 13,473,000,000 (16.0%).
- Net income of 20,762,400,000 contributed positively to equity growth.
- Dividend payments of 8,133,800,000 reduced retained earnings.
- Share repurchases of 15,900,000 reduced equity.
- New share issuances of 15,900,000 increased equity.
- Other comprehensive income decreased equity by 14,464,400,000.
- Other factors increased equity by 15,308,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹20.76 Billion | +21.29% |
| Dividends Paid | ₹8.13 Billion | -8.34% |
| Share Repurchases | ₹15.90 Million | -0.02% |
| Share Issuances | ₹15.90 Million | +0.02% |
| Other Comprehensive Income | ₹-14.46 Billion | -14.83% |
| Other Changes | ₹15.31 Billion | +15.69% |
| Total Change | ₹- | 16.03% |
Book Value vs Market Value Analysis
This analysis compares Pidilite Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 14.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 379.03x to 14.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹3.58 | ₹1357.00 | x |
| 2006-03-31 | ₹4.09 | ₹1357.00 | x |
| 2007-03-31 | ₹4.76 | ₹1357.00 | x |
| 2008-03-31 | ₹6.08 | ₹1357.00 | x |
| 2009-03-31 | ₹6.66 | ₹1357.00 | x |
| 2010-03-31 | ₹8.38 | ₹1357.00 | x |
| 2011-03-31 | ₹10.42 | ₹1357.00 | x |
| 2012-03-31 | ₹12.74 | ₹1357.00 | x |
| 2013-03-31 | ₹32.40 | ₹1357.00 | x |
| 2014-03-31 | ₹38.07 | ₹1357.00 | x |
| 2015-03-31 | ₹22.13 | ₹1357.00 | x |
| 2016-03-31 | ₹27.13 | ₹1357.00 | x |
| 2017-03-31 | ₹33.83 | ₹1357.00 | x |
| 2018-03-31 | ₹35.17 | ₹1357.00 | x |
| 2019-03-31 | ₹40.81 | ₹1357.00 | x |
| 2020-03-31 | ₹43.84 | ₹1357.00 | x |
| 2021-03-31 | ₹54.99 | ₹1357.00 | x |
| 2022-03-31 | ₹62.96 | ₹1357.00 | x |
| 2023-03-31 | ₹70.90 | ₹1357.00 | x |
| 2024-03-31 | ₹82.58 | ₹1357.00 | x |
| 2025-03-31 | ₹95.68 | ₹1357.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pidilite Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.80%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.44x
- Recent ROE (21.29%) is below the historical average (23.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 20.04% | 9.38% | 1.36x | 1.57x | ₹362.74 Million |
| 2006 | 20.83% | 9.39% | 1.42x | 1.56x | ₹447.51 Million |
| 2007 | 23.17% | 8.92% | 1.43x | 1.82x | ₹632.89 Million |
| 2008 | 27.66% | 10.04% | 0.87x | 3.18x | ₹1.09 Billion |
| 2009 | 15.97% | 5.58% | 1.18x | 2.43x | ₹414.30 Million |
| 2010 | 31.00% | 12.33% | 1.18x | 2.12x | ₹1.83 Billion |
| 2011 | 28.43% | 11.66% | 1.30x | 1.88x | ₹2.00 Billion |
| 2012 | 24.33% | 10.32% | 1.32x | 1.79x | ₹1.90 Billion |
| 2013 | 25.67% | 11.53% | 1.43x | 1.56x | ₹2.59 Billion |
| 2014 | 23.04% | 10.50% | 1.46x | 1.50x | ₹2.55 Billion |
| 2015 | 22.57% | 10.58% | 1.46x | 1.46x | ₹2.86 Billion |
| 2016 | 28.85% | 14.97% | 1.37x | 1.40x | ₹5.25 Billion |
| 2017 | 24.78% | 15.31% | 1.18x | 1.38x | ₹5.13 Billion |
| 2018 | 26.93% | 15.83% | 1.17x | 1.46x | ₹6.05 Billion |
| 2019 | 22.30% | 13.07% | 1.20x | 1.43x | ₹5.10 Billion |
| 2020 | 25.06% | 15.31% | 1.12x | 1.47x | ₹6.71 Billion |
| 2021 | 20.23% | 15.51% | 0.83x | 1.58x | ₹5.72 Billion |
| 2022 | 18.86% | 12.17% | 1.04x | 1.49x | ₹5.67 Billion |
| 2023 | 17.65% | 10.79% | 1.12x | 1.46x | ₹5.52 Billion |
| 2024 | 20.57% | 13.97% | 1.02x | 1.44x | ₹8.89 Billion |
| 2025 | 21.29% | 15.80% | 0.94x | 1.44x | ₹11.01 Billion |
Industry Comparison
This section compares Pidilite Industries Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pidilite Industries Limited (PIDILITIND) | ₹97.56 Billion | 20.04% | 0.42x | $5.37 Billion |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |