PIDILITE INDUSTRIES LTD. - 500331 - Shareholding for the Period Ended December 31, 2018
Pidilite Industries Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2018. For more details, kindly Click here14-01-2019
14-01-2019
Pidilite Industries Ltd - 500331 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Pidilite Industries Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.11-01-2019
Pidilite Industries Ltd - 500331 - Statement Of Investor Complaints For The Quarter Ended December 2018
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0220 Name of the Signatory :- Manisha ShettyDesignation :- Company Secretary and Compliance Officer10-01-2019
Falling crude prices, GST mean more opportunities for Pidilite, the Fevicol makers
By Suhani Adilabadkar Not many people outside the industry know the name Pidilite (which is in 9 stock screeners), but everyone knows its signature brand Fevicol, thanks to the ingenious marketing campaign the company built around the product. “Fevicol Ka Mazboot Jod Hai, Tutega Nahin”, still rings in our childhood memories. The 'Ultimate Adhesive' had an expansive distribution network and astute branding that made it a household name over the past 60 years. Introduced as a substitute for animal fat glue for binding woodworks, Fevicol transformed from an industrial to a generic mass product. The company behind this brand, Pidilite Industries, is the market leader in adhesives, while its product portfolio ranges from adhesives, sealants, waterproofing solutions to construction chemicals, arts & crafts, industrial resins and polymers. Synonymous with quality and trust, the company stock price followed stellar product growth turning into a multibagger giving more than 400% returns over the past five years. Quick Takes Market leader in adhesives, Pidilite, a multi-bagger delivered more than 400% returns over the past five years. PAT CAGR has been 18% whereas EBDITA and Revenue moved at 17% and 11% respectively from FY2013-18. Pidilite aims to focus on its future growth drivers, waterproofing, floor coatings and wood finishing. GST and lower crude prices are major tailwinds for the company. 50% of the company’s raw material linked to crude oil are imported. Glued to Growth and Strength Glued to growth, Pidilite Industries rode on its flagship brand, Fevicol and its variants Fevistick, MSeal, Fevikwik and Dr.Fixit, market leaders in their respective specialities, to a 70% market share in the Indian adhesive market. In the mid 1990s, Pidilite split its business into two major segments, Consumer Bazaar and Industrial chemicals. Consumer Bazaar (C&B;) constitutes the core business comprising Adhesives and Sealants, Construction and Paint Chemicals and Art and Craft Material, roughly 84% of total revenues. With products such as Fevicol and MSeal enjoying monopolies, the Adhesive segment remains the major revenue source, garnering 55% of total sales of the company. The industrial segment constitutes the remaining 16% with products such as industrial resins, industrial adhesives and pigments. The company has typically been financially stable - over the past five financial years, PAT CAGR has been 18% whereas EBDITA and Revenue moved at 17% and 11% respectively. Stable balance sheet, debt free and strong cash flows provided the requisite resistance to uncertain market variations seen during demonetization and input swings due to crude volatility. The September quarter results were however, hampered by higher crude prices as Pidilite’s major raw material VAM (vinyl acetate ethylene) constituting 18% of its total raw material cost is a crude derivative. In totality, 50% of the company’s raw material linked to crude oil are imported and thus rupee depreciation was also a major spoiler for quarterly margins. As oil prices have softened, this pressure should ease up. The September quarter however saw operating margins fall 380 basis points with a Net Profit decline of 8% YoY even though revenues exhibited growth momentum of 15% in September quarter FY19. What will drive future growth? Pidilite’s success revolves around two of its main product strategies, “For Every Problem, An expert solution” and “Addressing Unserved and Underserved consumer segments”. The company launched Fevicol Marine with the introduction of marine plywood to cater to water prone areas. Dr Fixit, another pathbreaking product providing waterproofing solutions aims to serve a vast underserved Indian housing sector. On the same lines, heat resistant ‘Fevicol Heatx’ and Fevicol Ezeespray, convenient spray adhesive for speedy laminate pasting were launched. Thus, Pidilite has a track record of identifying nascent product needs and successfully filling the demand gap with new product launches. As a result, the company boosts strong core business due to constant product innovation knitted with strong brand recall, mass consumer connection and wide distribution network. Apart from the core business growth, Pidilite has well identified its future growth drivers, waterproofing, floor coatings and wood finishing. Though analysts might dub it as Pidlite’s ‘shopping spree’, the company is moving in the right direction enhancing and consolidating its product portfolio at the same time. Waterproofing solutions undertaken through its subsidiaries Percept waterproofing and BESI were further buffeted by acquiring Nina Waterproofing in 2015. Wood coating and finishing business was initiated through joint venture with ICA Itlay in 2016. Further accelerating its growth lever, Pidilite acquired CIPY Polyurethanes in early 2018 entering floor coating and resin flooring segment. Last but not the least, the Adhesive technical arsenal is also being refurbished through collaboration with Jowat SE of Germany, one of the global leaders in industrial adhesive industry. Though these long-term benefits will take time to fructify. The near-term horizon seems to be rosy. GST implementation has enlarged Pidilite’s operational spectrum and with no serious threat from near or far-away competitors, stock valuation might become even more dearer now especially with crude hovering around $50 levels.09-01-2019
Pidilite Industries Ltd - 500331 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Pidilite Industries Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.07-01-2019
Pidilite Industries Ltd - 500331 - Board Meeting Intimation for Intimation Of Date Of Board Meeting For Consideration Of Unaudited Financial Results For The Third Quarter Ended 31.12.2018
PIDILITE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2019 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform that a meeting of the Board of Directors of the Company will be held on Wednesday, 23rd January, 2019, inter alia, to consider and take on record the unaudited financial results for the third quarter and 9 months ended on 31st December, 2018.03-01-2019
PIDILITE INDUSTRIES LTD. - 500331 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Pidilite Industries Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.27-12-2018
Pidilite Industries Ltd - 500331 - Closure of Trading Window
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window of the Company will remain closed from 31st December, 2018 till 48 hours of the declaration of the unaudited quarterly financial statements for the quarter ended 31st December, 2018.26-12-2018
Pidilite Industries Ltd - 500331 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst/Institutional Investor Meetings under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201524-12-2018
Pidilite Industries Ltd - 500331 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Pidilite Industries Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.21-12-2018