Pidilite Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹1,66,351 Cr
- Book Value
- ₹106.4
- Stock P/E
- 62.8
- Dividend Yield
- 0.71%
- ROE
- 23.9%
- ROCE
- 31.0%
- PEG Ratio
- 3.76
- EV/EBITDA
- 41.2
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Pidilite share price today
Pidilite Industries (NSE: PIDILITIND) owns Fevicol, and Fevicol is not a brand so much as the generic word for adhesive in India. When carpenters specify your product by habit, when the trade channel stocks you by default, and when a ₹50 purchase decision never involves price comparison — that is a monopoly in everything but the legal sense. The financials agree: 31% ROCE, near-zero debt, 24.5% operating margin.
At 62.8× earnings for 15–17% historical growth, the stock asks the classic quality-compounder question: how much certainty premium is too much? The arithmetic below answers it three ways.
The moat you can’t see on a shelf
Fevicol’s dominance runs through the influencer channel — carpenters and contractors trained, rewarded and habituated over decades. Competitors with equal chemistry cannot buy that relationship. Around the core, Pidilite has stacked adjacencies: Fevikwik (instant), M-Seal (sealants), Dr. Fixit (waterproofing — a category it effectively created), Araldite (acquired), and a growing construction-chemicals play that ties the company to India’s renovation cycle rather than just furniture.
Watch-items: VAM (vinyl acetate monomer) input costs, which swing margins between years; growth in rural and small-town India; and whether construction chemicals scales into a genuine second core.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹1,66,351 Cr |
| P/E (TTM) | 62.8 |
| EV/EBITDA | 41.2 |
| Operating margin | 24.5% |
| ROE / ROCE | 23.9% / 31.0% |
| Debt to equity | 0.04 |
| Sales CAGR (5y) | 14.9% |
| Profit CAGR (5y) | 16.7% |
| Promoter holding | 69.2% (zero pledged) |
| EPS (TTM) | ₹25.8 |
Pidilite share price target 2026 to 2030
EPS base ₹25.8 (TTM). Bear: housing/renovation demand slows and the certainty premium compresses to 45× on 10% growth. Base: 14% growth at 55× — quality tax still paid, but earned. Bull: construction chemicals accelerates the mix to 18% growth at 62×.
| Year | Bear (45×, +10%) | Base (55×, +14%) | Bull (62×, +18%) |
|---|---|---|---|
| 2026 | ₹1,275 | ₹1,620 | ₹1,890 |
| 2027 | ₹1,405 | ₹1,845 | ₹2,230 |
| 2028 | ₹1,545 | ₹2,105 | ₹2,630 |
| 2029 | ₹1,700 | ₹2,400 | ₹3,105 |
| 2030 | ₹1,870 | ₹2,735 | ₹3,660 |
From ₹1,620, the base case is ≈ +69% over four and a half years plus a 0.7% yield — a fair outcome for a fortress. The bear case is roughly +15% total: the multiple cushions less than the brand suggests. Our stance mirrors the thesis tag: wonderful business, rich tag — accumulate on corrections, which India’s quality names reliably provide once or twice a year.
Reasons to own Pidilite (at the right price)
- Category-defining brand: Fevicol is the noun, not a choice — the strongest form of moat.
- 31% ROCE on effectively zero debt, decade after decade.
- The influencer channel (carpenters, contractors) is a distribution moat competitors cannot advertise past.
- Dr. Fixit and construction chemicals tie growth to renovation, not just new furniture.
- 69.2% promoter holding, zero pledge, clean governance record.
The risks: input-cost cycles (VAM) can dent a year’s margins, growth is structurally low-teens (the PEG of 3.8 is the debate), and 63× leaves de-rating room if India’s quality premium ever normalises.
Should you buy at the current price?
The live buy range below is for members — where the certainty premium stops being a penalty.
FAQ
What is the Pidilite share price target for 2030? Base case ≈ ₹2,735 (55× on 14% compounded growth), bear ≈ ₹1,870, bull ≈ ₹3,660. Arithmetic above.
Why does Pidilite command such a high P/E? Multi-decade earnings visibility. A monopoly brand, a locked distribution channel and zero balance-sheet risk read to the market as a perpetuity — and get priced like one.
What moves Pidilite’s margins year to year? VAM, its key raw material — a crude-linked input whose price swings pass through with a lag.
When are Pidilite’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.