Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Pidilite Industries's Revenue for the
three
months ended in Mar. 2026 was ₹35,834 Mil. Pidilite Industries's Total Assets for the quarter that ended in Mar. 2026 was ₹154,329 Mil. Therefore, Pidilite Industries's Asset Turnover for the quarter that ended in Mar. 2026 was 0.23.
Asset Turnover is linked to ROE % through Du Pont Formula. Pidilite Industries's annualizedROE % for the quarter that ended in Mar. 2026 was 21.39%. It is also linked to ROA % through Du Pont Formula. Pidilite Industries's annualizedROA % for the quarter that ended in Mar. 2026 was 15.01%.
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.
It is also linked to ROA % through Du Pont Formula:
Pidilite Industries's annulizedROA % for the quarter that ended in Mar. 2026 is
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.
Pidilite Industries Asset Turnover Related Terms
Pidilite Industries Asset Turnover Historical Data
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The historical data trend for Pidilite Industries's Asset Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:500331 vs LIN, SHW, ECL: Asset Turnover Comparison
For the Specialty Chemicals subindustry, Pidilite Industries's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pidilite Industries Asset Turnover vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Pidilite Industries's Asset Turnover distribution charts can be found below:
* The bar in red indicates where Pidilite Industries's Asset Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.
Pidilite Industries (BOM:500331) has a Asset Turnover of 0.23 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Pidilite Industries and its competitors.
Is Pidilite Industries' Asset Turnover too high?
Pidilite Industries' current Asset Turnover is 0.23. Overall, Pidilite Industries has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pidilite Industries' Asset Turnover compare to LIN and SHW?
Pidilite Industries' Asset Turnover of 0.23 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Chemicals company?
A good Asset Turnover depends on the Chemicals industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Pidilite Industries and its competitors. Pidilite Industries's current Asset Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pidilite Industries stock overvalued right now?
Based on GuruFocus' analysis, Pidilite Industries (BOM:500331) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,708.00, compared to a current price of ₹1,605.15 — trading 6% below its estimated fair value. The current Asset Turnover is 0.23. Pidilite Industries' overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Pidilite Industries (BOM:500331), the current Asset Turnover is 0.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pidilite Industries (BOM:500331) Overvalued in 2026?
Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued.
The current stock price of ₹1,605.15 is trading 6% below its estimated GF Value™ of ₹1,708.00.
GuruFocus considers Pidilite Industries to be Fairly Valued.
Key valuation signals for BOM:500331:
Asset Turnover: 0.23
GF Value™: ₹1,708.00 vs. price of ₹1,605.15 (6% below fair value)
No single metric tells the full story. See the BOM:500331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India.
96GF Score
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