K. ARAVIND
Pidlit Industries is a manufacturer of a wide range of products, including fevicol, paint chemicals, and industrial polymers. Pidlit Industries’ well-known brands that focus on quality and innovative products are Fevicol, Dr. Fixit,Cyclo, Hobby Ideas, Roff and M-Steel.
Pidlit Industries was established in 1959. At the time, the company had only one product, Fevicol. This product made the work of carpenters much easier and made it one of the most well-known brands in India.
Two-thirds of Pdlit’s products are sold for home improvement work. The company has three fully equipped R&D centers in India. There are also five research centres in Singapore, Thailand, Brazil, Dubai and the United States.
Fevicol, Feviquic, Mseel and Dr. Fixit have not only dominated the market but have also become synonymous with products in their respective sectors. Glue for wood is now known as Fevicol. Pidilite Industries’ business is likely to improve as construction activities pick up.
Pidlit Industries is one of the stocks that stands out among the mid-sized companies. This is a stock that investors can buy with a long-term goal. In the long run, these stocks have the potential to offer great returns to investors.
The performance of the company has stood out in the stock index over the years. The stock has gained 19.61 per cent year-on-year over the last three years. During the same period, the Sensex gained 6.47 per cent year-on-year. Pidlit Industries is an ideal stock for long-term investors.
