Eight years as shareholder of Pidilite Industries

Pidilite remains a key investment in my equity portfolio. Slowly and steadily I have increased my investment (Figure 1) in it over the last eight years. There’s a temporary pause on new investments as I have other financial commitments, but as soon as they are taken care of I would resume.

Figure 1

Pidilite has been an outperformer since I started investing in it eight years ago (Figure 2). I am yet to see negative returns on it—not even during the Covid market crash. However, after nearly six years of outperforming the Nifty Next 50 index, my luck ran out in October 2023. The Nifty Next 50 surpassed my returns and, as of today, it is still outperforming.

Figure 2

The dividend yield at cost (Figure 3) has been nothing home to write about. But this year—FY 2025-26—Pidilite announced a special dividend owing to which I saw a dividend yield at cost of more than 1%.

Figure 3

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