| Market Cap | ₹1,53,423 CrLarge Cap |
|---|---|
| Revenue TTM | ₹15,399 CrOperating Revenue |
| P/E Ratio | 57.92Sector PE 37.49 |
| RSI | 35.48Neutral Zone |
| Order from | Hwaseung Chemical |
Key highlights
- Strategic partnership with Hwaseung Chemical to localise South Korean bonding technologies
- Focus on high-performance adhesives engineered for high-volume sports footwear lines
- Adhesive systems comply with global REACH, SVHC, and Prop 65 safety standards
- Introduction of low-VOC and non-flammable formulations for improved worker safety
- Access to adhesive solutions currently nominated by leading global footwear brands
What Is the Partnership?
Pidilite Industries Limited has formalised a strategic collaboration with Hwaseung Chemical, a global specialist in high-performance footwear adhesives based in South Korea. The agreement focuses on introducing advanced bonding technologies to India's growing footwear manufacturing ecosystem. By combining Pidilite’s extensive local distribution and technical support with Hwaseung’s globally trusted formulations, the partnership aims to help Indian manufacturers meet the stringent quality and sustainability requirements of international brands.
This tie-up specifically targets the sports footwear segment, providing access to adhesive systems that are already integrated into global supply chains and production lines.
Partner Profile
- Hwaseung Chemical is a global leader in high-performance adhesive technologies for the footwear industry
- The company provides adhesive systems that are nominated and trusted by leading global sports brands
- It specialises in South Korean bonding innovations that focus on durability and manufacturing efficiency
- Hwaseung Group maintains a strong presence in major global footwear manufacturing hubs
- The partner brings expertise in low-VOC and environmentally compliant chemical formulations
What It Unlocks
The collaboration unlocks a critical technological gap for Indian footwear producers who aim to compete in the global sports footwear market. These manufacturers will now have access to high-performance adhesives engineered for flexibility and strong bonding across high-volume lines. Furthermore, the introduced products align with rigorous global environmental standards, including the U.S.
Clean Air Act, ISO 14001, and RoHS requirements. This move supports India’s emergence as a key manufacturing hub, enabling local producers to achieve the performance and consistency levels expected by international labels while benefiting from Pidilite’s localized technical service capabilities.
Financial Context
Pidilite Industries operates as a dominant player in the specialty chemicals sector with a market capitalization of ₹1,53,422.71 crore. The company reported a consolidated revenue of ₹15,399.28 crore for the trailing twelve months, supported by a healthy operating profit margin of 26.23% in the latest quarter. While the stock trades at a P/E ratio of 57.92, which is higher than the industry average of 46.77, the company has maintained strong profitability with a 29.74% year-on-year growth in quarterly net profit.
The firm's robust promoter holding of 69.24% and a high Piotroski score of 7 reflect a stable financial position as it expands its industrial adhesive portfolio.
“India is steadily emerging as a key hub for global footwear manufacturing, and partnerships like this play an important role in strengthening that ecosystem. At Pidilite, we believe our role goes beyond supplying products; we strive to enable industries with solutions that combine global innovation with strong local expertise.”
“By combining Hwaseung Chemical’s advanced formulations with Pidilite’s deep local expertise and technical service capabilities, we aim to support Indian manufacturers in achieving higher standards of performance, consistency and sustainability.”
| Share price | ₹1506.3 |
|---|---|
| Market capitalisation | ₹1.53L Cr |
| Revenue (annual) | ₹14,600.83 Cr |
| Net profit (annual) | ₹2,448.92 Cr |
| P/E (TTM) | 57.92×Sector 37.49× |
| Promoter holding | 69.24%-0.08% QoQ |
| FII holding | 11.69%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Pidilite Industries Limited announcing a strategic partnership with Hwaseung Chemical. Market figures from a third-party data provider.
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