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
