HomeNewsBusinessMarketsBuy Pidilite Industries, target Rs 1345: Siddharth Sedani

Buy Pidilite Industries, target Rs 1345: Siddharth Sedani

The company has reported a growth of 20 percent in its Q1-FY19 results at Rs 18,341 million as against Rs 15,289 million and recommend a buy on the stock, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.

October 15, 2018 / 09:00 IST
Story continues below Advertisement
Pidilite Industries | Company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.
Pidilite Industries | Company reported consolidated profit at Rs 356.4 crore in Q2FY21 against Rs 325 crore, revenue rose to Rs 1,880.3 crore from Rs 1,806.6 crore YoY.

Siddharth Sedani

Pidilite Industries has been a pioneer in consumer and specialties chemicals in India. Its product range includes Adhesives and Sealants, Construction and Paint Chemicals, Automotive Chemicals, Art Materials, Industrial Adhesives, Industrial and Textile Resins and Organic Pigments and Preparations.

Story continues below Advertisement

The company has reported a growth of 20 percent in its Q1-FY19 results at Rs 18,341 million as against Rs 15,289 million.

The company’s EBITDA margin stood at 20.8 percent at Rs 3,817 million as against 21 percent at Rs 3,210 million in Q1-FY18.