InvestorQ : How do you see the latest quarterly results of Pidilite and can I take a position in the stock at these prices?
Anjana Aiyar made post

How do you see the latest quarterly results of Pidilite and can I take a position in the stock at these prices?

Answer
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Arya Nanda answered.
4 months ago


Pidilite, the makers of Fevicol and other marquee adhesive products, reported 5.75% lower net sales of Rs.1545 crore for the Mar-20 quarter. Net Profits for the Mar-20 quarter were down sharply by 32% at Rs.157.53 crore. Even the operating EBITDA profits were down 6.02% at Rs.314.84 crore. This resulted in the fourth quarter EPS falling to Rs.3.10.

The impact of higher raw material prices was felt by Pidilite during the quarter and the operations were also impacted negatively in the March month. This led to lower absorption of fixed costs. However, traders are also wary of taking fresh positions as the stock is already valued quite richly and that means further upsides may be limited on the stock.