Pidilite is a leader in adhesives, construction and paint chemicals, industrial and textile resins and many more consumer and specialty chemicals. Over two thirds of their sales come from products it has pioneered in India The Company operates in three segments: Consumer & Bazaar Products, Industrial Products and Others. Consumer & Bazaar Products consist of mainly adhesives, sealants and construction chemicals. These products are used by carpenters, painters, plumbers, households and represent around 80% of the group sales. Fevicol, the most popular adhesive brand was created in 1959, replacing animal fat used by carpenters for generations. The brand is now a synonym for adhesive in India and has expanded to most Asian countries and achieving the same popularity as in India.
The Indian specialty chemicals market accounts only for 3.3% of the world market, and is expected to grow from 23 bil. USD to 70 bil. in 2021. In the past 5 years, Pidilite Industries has record a sales CAGR of 17%, profits of 21% and spots a 28% return on equity. I am adding the company to the list of best Indian stocks to buy right now.
The Indian specialty chemicals market accounts only for 3.3% of the world market, and is expected to grow from 23 bil. USD to 70 bil. in 2021. In the past 5 years, Pidilite Industries has record a sales CAGR of 17%, profits of 21% and spots a 28% return on equity. I am adding the company to the list of best Indian stocks to buy right now.
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