Share News - Pidilite

 Pidilite is an Indian company, which has a very impressive performance record. Pidilite company's gross sales 29579 millions and the percentage of growth is 18.9 in last year. Dividend payout stands at 1122 million and the percentage is 32.3. The debt to equity ratio is also impressive. The total debt is 2641 million and total Debt equity ratio is at 0.19. The net worth stands at 13772 millions. The current assets value totals 11099 million and the Liabilities at 6281.

Pidilite USA Inc., is a wholly owned subsidiary of the Pidilite group. The company acquired Sargent Art brand & business in June 2006. The Pennsylvania based, Sargent Art has been selling world-class art materials in USA for over 50 years. Their product range includes crayons, tempera colours, acrylic colours, markers and modeling clay. These two acquisitions have helped widen the art material segment of Pidilite.  Pidilite acquired another concern Pagel in  the USA. Pagel has about 25 years market experience and doing business in  USA.  Pagel-USA has been developing grouts, specialty concretes, industrial flooring, resins and construction chemicals. The acquisition of Pagel-USA has helped Pidilite to understand the  construction industry requirements and demands.

Pidilite Brazil Ltd., is a  wholly owned subsidiary of Pidilite, Pidilite acquired Pulvitec in June 2007. Pulvitec has been in the business of developing adhesives, sealants and construction chemicals since a very long time. The acquisition helps Pidilite tap the large Latin American market. Pidilite acquired a Florida based company Cyclo in USA in June 2006. Cyclo’s product range included maintenance, performance and appearance products for DIY and professional car care segment. Selling products in the United States and 50 other countries. This acquisition broadens the product range of Pidilite group.

The company’s goal of globalizing its activity is clear. They have presence in Singapore, USA, Brazil, UAE, Saudi Arabia, Indonesia, Egypt, Bangladesh, Srilanka, UK, Kenya, South Africa and Ghana.

Pidilite product spread from stock labels, stickers, pigment powders industrial resins leather chemicals, industrial paints industrial chemicals paper coating chemical, construction chemicals,  products in Auto industry, plumbing and wood working, Foam & flooring, insulation and footwear. Stationary, school stationary and many more

Considering the local market share, its global presence and the functioning of this company investors can buy shares in this company. In time to come investment in this company is well poised to give decent returns to its investors. 

Disclaimer : I do not hold any interest in the company mentioned above