- Pidilite Industries reported a net income of 3.01 billion rupees in Q4, experiencing a 6.4% increase year on year (y/y). However, this falls short of the estimated 4.25 billion rupees.
- The revenue generated was 29 billion rupees, a growth of 7.8% y/y, slightly surpassing the estimate of 28.31 billion rupees.
- Total costs amounted to 24.5 billion rupees, marking an increase of 5.6% from the previous year.
- The finance cost stood at 134.2 million rupees, rising by 13% y/y, exceeding the estimated 125.4 million rupees.
- Employee benefits expenses reached 3.74 billion rupees, an 18% increase y/y. This is higher than the prediction of 3.57 billion rupees.
- The company’s other expenses constituted 6 billion rupees, showing a sharp rise of 25% y/y against the estimate of 5.21 billion rupees.
- Other income was reported at 488.6 million rupees, a substantial increase compared to 228.2 million rupees in the previous year.
- The dividend per share announced was 16 rupees.
- The stock’s ratings stand at 8 buys, 4 holds, and 7 sells.
A look at Pidilite Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Pidilite Industries is positioned for a promising long-term outlook. With solid ratings in Growth and Resilience, the company shows potential for expansion and the ability to weather market challenges. Additionally, its Momentum score reflects positive market momentum, indicating increasing investor interest. Pidilite Industries‘ diverse product range, spanning consumer and specialty industrial products, underscores its strength and adaptability in various market segments.
Pidilite Industries‘ consistent performance is further supported by its moderate scores in both Value and Dividend factors. While there is room for improvement in these areas, the company’s overall outlook remains positive. As a manufacturer of a wide range of products including adhesives, art materials, and industrial chemicals, Pidilite Industries demonstrates a strong presence across diverse industries, positioning it well for sustained growth and resilience in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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