Innovation led growth to intensify…
Pidilite Industries Ltd. is a pioneer in consumer and speciality chemicals in India. The company has a diversified product portfolio including adhesives and sealants, construction chemicals, hobby colours and polymer emulsions, among others.
Valuation & View
With strong brand recall, superior pricing power and distribution reach, we believe Pidilite is a strong play on recovery in discretionary spending. We expect revenue and PAT to grow at a CAGR of 16% and 17% respectively over FY16-FY18E. We initiate coverage on the stock with a BUY rating with a target price of Rs811 (FY18E P/E of 40x).
Research Report Pidilite Industries Ltd
Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.
Wealth Conversations – April 2024- Temporary suspension of subscriptions in ” Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund & Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
- Merger Announcement: Aditya Birla Sun Life CRISIL IBX AAA Mar 2024 Index Fund
Here is everything that you need to know about Arbitrage Funds- Temporary suspension of subscriptions in “DSP US Treasury Fund of Fund”
