ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ₹1488 at the close on 23 Oct 2026, 12:00 CEST.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
55
out of 100
P/E
57.3x
forward 46.9x
1-year return
-1.9%
Dividend yield
0.78%
Pidilite Industries Limited in four questions
Plain answers, details below
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Overview
ACCE thesis
Pidilite makes Fevicol wood adhesives, Dr. Fixit waterproofing, Fevicryl acrylic colours and M-Seal epoxies, and sells them through a dealer network that reaches small contractors and carpenters across India. Its brands are the category default in the Indian market, and that distribution depth, plus a 54.8% gross margin, is what keeps pricing power intact through input cost swings. Revenue grew 21.3% recently, with the company's push into construction chemicals and its consumer brands as the main levers for further volume and mix gains. The stock trades at 57x trailing and 46.7x forward earnings, a premium that prices in sustained double-digit growth, so the question for the portfolio is whether a 24.1% operating margin can hold as competitors and raw material costs move.