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As per the report of Crisil, HP adhesive is a fast-growing multi-product, multi-category consumer adhesives, and sealants company. For our largest product category – PVC solvent cement, we are amongst the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry.
The company manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through a network of distributors and direct customers. As of June 30, 2021, the distribution network comprises 4 depots and more than 750 distributors who cater to more than 50,000 dealers in India.
As of June 30, 2021, the company is operating out of our manufacturing facility located at Village Narangi, Raigad (Maharashtra) which is a multi-product manufacturing facility.
S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
Criminal cases | 2 | - | - | - | 1 | - |
Material civil cases | - | - | - | - | - | - |
Taxation matters | - | 4 | - | 1 | - | 1 |
Regulatory Proceedings | - | - | - | - | - | - |
Income Statement(in Milllions) | March'2021 | March'2020 |
Gross Operating Income | 12,387.96 | 8,683.30 |
Cost of Employee & Inventory | 1,473.58 | 1,114.21 |
Other Expenses | 9,145.71 | 6,918.09 |
EBITDA | 1,768.67 | 651 |
Finance Cost | 255.31 | 259.52 |
Depreciation | 190.33 | 189.62 |
Profit/Loss Before Tax | 1,323.03 | -541.85 |
Tax | -317.06 | 69 |
Profit After Tax | 1,005.97 | -472.85 |
Anjana Haresh Motwani and Karan Haresh Motwani
Pidilite Industries Limited
Proceeds from the Offer for sale worth Rs 12.53cr, will not be received by the company.
Net proceed of Rs113.44cr from the fresh issue will be utilized for the following: • Funding the working capital requirements of the company • Funding capital expenditure for expansion of production capacity at the existing manufacturing facility in Maharashtra and the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs.