Pidilite share price today

Pidilite Industries Ltd's share price was ₹1,579.00 at the close on 6 November 2026. It has been rising for 19 weeks. That is 3.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,274 and ₹1,693, and at that close it sat 73% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Pidilite Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +423% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and operating margin down 4 points on a year earlier.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹4,298 crore, +20.9% on a year earlier.

   Why: Revenue rose because the company sold more in both its consumer and business markets.

   Next results: check how much of the growth comes from cities versus villages and across both business lines.

   From the earnings call on 29 Oct 2026.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹626 crore, +7% on a year earlier.

3. Operating margin down 4 points on a year earlier

   20% in the September 2026 quarter, from 24%.

   Why: Operating margin fell because costs were much higher in the quarter, and early price rebates added to the cost.

   Next results: check whether the operating margin moves toward the top of the company's 20% to 24% range.

   From the earnings call on 29 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Pidilite reported revenue of ₹4,298 crore, up 20.9% from ₹3,554 crore a year earlier, and a profit of ₹626 crore, up 7.0% from ₹585 crore.

Pidilite results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Pidilite's management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Pidilite closed at ₹1,579.00 on 6 November 2026, up 8.5% from ₹1,454.80 a year earlier (7 November 2025) and up 31.1% over five years. Its highest weekly close since March 2016 was ₹1,693.00 on 14 August 2026.

Pidilite share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: Pidilite closed at ₹1,579.00, up 8.0% on the week and up 6.5% on the month. 29 Oct 2026: Pidilite held its results call for July to September 2026. Management guided: Q3 very confident, H2 quite confident to keep operating profit within 20-24% corridor, ideally higher end.

Earlier

• Results for July to September 2026: Revenue up 20.9% and profit up 7.0% on a year earlier.
• 23 Jul 2026: ex-date for a dividend of ₹11.50 a share.
• 23 Sep 2025: Bonus issue: 1 new share for every 1 held (ex-date).

Pidilite paid ₹11.50 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.73% at the ₹1,579.00 close on 6 November 2026. The last was a dividend of ₹11.50 a share, ex-date 23 July 2026.

Pidilite dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Pidilite Industries Ltd paid out 48% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 29 October 2026, Pidilite's management guided: Q3 very confident, H2 quite confident to keep operating profit within 20-24% corridor, ideally higher end.

“Our mantra is profitable underlying volume growth. We are not here to chase volume in order to deliver any particular volume number. The growth has to be profitable volume.”Kavinder, on the call for July to September 2026

What management guided

• Double-digit UVG near term to continue, ambition to lift toward early teens over medium term.
• Follow-on price increase late Q3 or early next quarter depending on cost development.
• Fevicol Multi-Loc and Expert pilot to national rollout in November.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

Nina order book fundamentals healthy; project waterproofing category growing faster than retail segment.

✓ fact

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Two consecutive quarters of operating margin below 22%, the guided floor management has twice reaffirmed, combined with Consumer and Bazaar UVG falling below 9%, which would indicate that raw material cost inflation is compressing volumes rather than being absorbed through pricing and operating leverage. This would break both the margin corridor thesis and the volume acceleration thesis simultaneously.

Each change stops working if

• : Cement-to-tile-adhesive conversion slows materially or MYK Laticrete regains project-site specification share at scale across the categories Roff leads.
• : Consumer and Bazaar UVG falls below 10%, preventing operating leverage from activating in the face of input cost pressure, the 22% operating profit floor would then require price increases that risk demand compression.
• : Nina order book converts below 50% in July to September 2026, signaling the metro site restrictions caused demand destruction rather than deferral.
• : Rural-urban growth premium narrows to zero for two consecutive quarters, indicating the geography-led volume lever is exhausted.

The main risks

• : July to September 2026 margin will unwind Q1's inventory timing benefit, higher-cost VAM purchased at $1,370 versus $924 last year will flow through consumption. ✓ fact
• : B2B export recovery guidance missed again, Feb 2026 call projected mid-teens B2B growth return, April to June 2026 showed exports still declining at -8.4%. ✓ fact
• : Operating margin corridor floor raised silently from 20-24% to 22-24% in an inflation environment, four concalls in, the structural basis has not been disclosed. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Pidilite reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: H2 margin tilt toward top of flagged corridor on October pricing - check Q3 print against flagged tilt.

Pidilite is not on any of our India lists this week.

Pidilite Industries Ltd earned ₹626 Cr of net profit in the Sep 2026 quarter, +7.0% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹2,471 Cr. Over 10 years profit has grown 11.8% a year on average. That is 14.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹585 Cr.

For the full year, FY26 profit was ₹2,471 Cr (+17.9% on the year before).

Why profit moved: revenue changed +20.9% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +21.4% and revenue +16.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹4,552 Cr and profit ₹884 Cr as reported.

FY27-Q2. revenue ₹4,298 Cr and profit ₹626 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Pidilite Industries Ltd reported ₹4,298 Cr of revenue in the Sep 2026 quarter, +20.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 10.5% a year on average. The last full year, FY26, came in at ₹14,601 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The tile-adhesive category is growing at above 2x GDP pace. Roff commands near-leadership in retail and is gaining in projects. The Q1 FY27 concall noted Roff momentum accelerating through plant expansion, consistent quality, automation, and total delivered-cost management. Roff NeoPro premium variant via the Grupo Puma JV addresses the flooring segment. Tile-adhesive penetration was described as 25-30%, Pidilite is gaining share, with growth around 1.5x-2x market growth in some categories.

The last four reported quarters add to ₹16,143 Cr.

FY26 revenue was ₹14,601 Cr, +11.1% on the year before.

Recent pace: the last four quarters grew +16.6% on average, against 10.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.8%, against +12.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +20.9%, against +18.8% a year (stabilising).

FY27-Q1. revenue ₹4,552 Cr and profit ₹884 Cr as reported.

FY27-Q2. revenue ₹4,298 Cr and profit ₹626 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Pidilite Industries Ltd's operating margin was 20.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 16.0% and 24.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management explicitly linked margin defence to volume growth: operating leverage was the second leg of Q4 FY26's 280 bps EBITDA expansion. The West India Premium White Glue and Fevicol plant commissioned in Q1 FY27 adds incremental capacity for the adhesives core. Costs below gross margin rose 14.5% in Q1 FY27, slower than revenue growth of 22.2%, confirming operating leverage is active. CWIP rose from 129 Cr to 329 Cr in FY26 consistent with this commissioning (see C022).

Why the margin moved: operating margin changed −3.5 percentage points on the year while gross margin changed −6.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

FY27-Q1. revenue ₹4,552 Cr and profit ₹884 Cr as reported.

FY27-Q2. revenue ₹4,298 Cr and profit ₹626 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 124% of Pidilite Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,828 Cr of operating cash against ₹2,471 Cr of profit. After ₹664 Cr of spending on assets, ₹2,164 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 124% of profit came in as cash: the cash cycle got 25 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Pidilite Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 66 days in FY26, down from 91 days in FY21. It spent ₹1,877 Cr on assets over the last 3 years. Customers take 55 days to pay, and stock sits for 98 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹14,601 Cr, each day of that cycle ties up about ₹40.0 Cr, so roughly ₹2,640 Cr is tied up in the business at any time.

FY26: customers took 55 days to pay and stock sat for 98 days, about 3.2 months of sales sitting as stock, for a full cycle of 66 days, shorter than FY21's 91.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 98 days. Customers pay about 55 days after that. Suppliers are paid at 86 days. Together that makes the 66-day cycle.

Spending on assets: ₹1,877 Cr over the last 3 years, against ₹1,094 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹329 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Pidilite Industries Ltd's P/E is 59.9×, near the low end of its own history: it has been lower only 28% of the time. Its usual P/E (the middle reading) is 69.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.