{"id":13108,"date":"2018-02-19T10:12:05","date_gmt":"2018-02-19T04:42:05","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=13108"},"modified":"2018-02-20T19:38:17","modified_gmt":"2018-02-20T14:08:17","slug":"pidilite-industries-ltd-3","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/pidilite-industries-ltd-3\/13108","title":{"rendered":"Pidilite Industries Ltd"},"content":{"rendered":"<p><strong>Revival in volumes to led growth<\/strong><strong><br \/>\n<\/strong><\/p>\n<p>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.<\/p>\n<p><strong>Valuation:<\/strong> We maintain our positive stance on the stock given its strong brand portfolio and potential market share gains due to implementation of GST. We expect the company to clock overall revenue CAGR of ~13% over FY17-20E. We roll over our valuation to FY20 and recommend \u201cBUY\u201d with a revised TP of Rs. 986, based on P\/E multiple of 41x.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/02\/Research-Report-Pidilite-Industries-Ltd..pdf\">Research Report &#8211; Pidilite Industries Ltd.<\/a><\/p>\n<p><i>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.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revival in volumes to led growth 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: We maintain our positive stance on the stock given its strong brand portfolio and potential [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[525],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pidilite Industries Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/pidilite-industries-ltd-3\/13108\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pidilite Industries Ltd\" \/>\n<meta property=\"og:description\" content=\"Revival in volumes to led growth Pidilite Industries Ltd is a pioneer in consumer and speciality chemicals in India. 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