About Cipy Polyurethanes
Cipy Polyurethanes is a publicly listed company based in Pune (India) founded in 1976, and was acquired by Pidilite in January 2018. Polyurethane and epoxy coatings are manufactured in Pune, India. The company has 8,198 employees. Its Indian entity Pidilite Industries Limited reported revenue of βΉ14,867 Cr. Its focus areas include Chemicals and Materials, Paints and Coatings, Coatings and Diversified.
Company details
Cipy Polyurethanes was established in 1976 and is based in Pune, India. Operations are centered on the production of polyurethane and epoxy coatings within the chemicals and materials sector. These coatings are developed for industrial and protective applications, with manufacturing processes conducted at facilities in India. The company serves markets requiring durable surface solutions, maintaining a focus on formulation and supply in the region.
- Headquarters Pune, India
- Employees 8,198
- Stage Acquired
- SectorsChemicals & Materials
- Website cipypolyurethane.com
- Social LinkedIn Facebook
- Acquired by Pidilite (Jan 2018)
- Legal Name Pidilite Industries Limited
- Date of Incorporation 28 Jul, 1969
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹1,60,899 Cr
PIDILITIND · NSE
- Share Price₹1,525.70
-3.42% today
- Revenue₹14,601 Cr
FY 2025-26 · +11.1% YoY
- EBITDA₹3,503 Cr
Margin 24.0%
- Net Profit₹2,463 Cr
FY 2025-26 · +17.6% YoY
- P/E (TTM)59.8x
P/B 14.3x
- ROE24.0%
ROCE 31.0%
- Debt / Equity0.04
Interest cover 1.7x
- Investors
- Employee Count8,198
- Acquired byPidilite
(Jan 2018)
Associated legal entities of Cipy Polyurethanes
Cipy Polyurethanes operates through Pidilite Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pidilite Industries Limited Listed CIN L24100MH1969PLC014336 | Active | 28 Jul 1969 | Mumbai, Maharashtra | ₹14,867 Cr | 7,712 | 18 | View details |
Investors in Cipy Polyurethanes
Cipy Polyurethanes has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pidilite.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Adhesives and sealants are manufactured by Pidilite in India. | 1959 | pidilite.com | Mumbai, India |
Investor details for Cipy Polyurethanes
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Pidilite Industries Limited (Cipy Polyurethanes)
Pidilite Industries Limited is the primary company behind Cipy Polyurethanes. The board of Pidilite Industries Limited currently have 16 directors; the longest-serving is Madhukar Balvantray Parekh, appointed in 1972. 33 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Madhukar Balvantray Parekh DIN 00180955 | Whole-time director | 31 Aug 1972 | 54 yrs 2 mo | Pidilite Industries Limited |
| Ajay Balvantray Parekh DIN 00035317 | Director | 26 Jun 1985 | 41 yrs 4 mo | Pidilite Industries Limited |
| Apurva Narendrakumar Parekh DIN 00111366 | Whole-time director | 01 Jul 2005 | 21 yrs 4 mo | Pidilite Industries Limited |
| Bharat Tilakraj Puri DIN 02173566 | Director | 28 May 2008 | 18 yrs 5 mo | Pidilite Industries Limited |
| Rajeev Vasudeva DIN 02066480 | Director | 10 Sep 2020 | 6 yrs 2 mo | Pidilite Industries Limited |
| Sudhanshu Vats DIN 05234702 | Managing Director | 18 May 2022 | 4 yrs 5 mo | Pidilite Industries Limited |
| Sandeep Batra DIN 00871843 | Whole-time director | 09 Nov 2022 | 4 yrs | Pidilite Industries Limited |
| Murali Sivaraman DIN 01461231 | Director | 23 Jan 2024 | 2 yrs 9 mo | Pidilite Industries Limited |
| Rajeev Gupta DIN 00241501 | Director | 07 May 2024 | 2 yrs 6 mo | Pidilite Industries Limited |
| Kavinder Singh DIN 06994031 | Whole-time director | 20 May 2024 | 2 yrs 5 mo | Pidilite Industries Limited |
| Jagdish Saksena Deepak DIN 02194470 | Director | 01 Jul 2024 | 2 yrs 4 mo | Pidilite Industries Limited |
| Vivek Raghavan DIN 02672829 | Director | 22 Jan 2025 | 1 yr 9 mo | Pidilite Industries Limited |
| Meena Ganesh DIN 00528252 | Director | 22 Jan 2025 | 1 yr 9 mo | Pidilite Industries Limited |
| Swaminathan Krishnamurthy DIN 08958758 | Whole-time director | 01 Aug 2025 | 1 yr 3 mo | Pidilite Industries Limited |
| Sandeep Kataria DIN 05183714 | Director | 30 Aug 2025 | 1 yr 2 mo | Pidilite Industries Limited |
| Naushad Darius Forbes DIN 00630825 | Director | 21 Jan 2026 | 9 mo | Pidilite Industries Limited |
IPO & Listings of Cipy Polyurethanes
Cipy Polyurethanes is a publicly listed company on the NSE with ticker symbol PIDILITIND in India, operating in the Chemicals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: PIDILITIND
- Listed entityPidilite Industries Limited
- Exchange sectorChemicals
Financials of Cipy Polyurethanes
Exchange-reported figures of Pidilite Industries Limited, the listed company behind Cipy Polyurethanes (NSE: PIDILITIND).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 14,601 | 13,140 | 12,383 | 11,799 | 9,921 | 7,293 | 7,294 |
| Revenue growth | +11.1% | +6.1% | +5.0% | +18.9% | +36.0% | -0.0% | - |
| EBITDA | 3,503 | 2,984 | 2,632 | 1,984 | 1,847 | 1,677 | 1,521 |
| EBITDA margin | +24.0% | +22.7% | +21.3% | +16.8% | +18.6% | +23.0% | +20.9% |
| Profit before tax | 3,320 | 2,823 | 2,379 | 1,723 | 1,614 | 1,522 | 1,470 |
| Net profit | 2,463 | 2,094 | 1,783 | 1,273 | 1,214 | 1,138 | 1,155 |
| Net profit margin | +16.9% | +15.9% | +14.4% | +10.8% | +12.2% | +15.6% | +15.8% |
| EPS (βΉ) | 24.06 | 40.82 | 34.00 | 25.05 | 23.76 | 22.26 | 21.97 |
| Balance sheet | |||||||
| Total assets | 11,633 | 10,550 | 9,103 | 7,931 | 7,110 | 6,236 | 5,018 |
| Net worth | 10,832 | 9,754 | 8,407 | 7,212 | 6,404 | 5,593 | 4,456 |
| Total debt | 417 | 454 | 382 | 391 | 416 | 331 | 288 |
| Cash & bank | 299 | 336 | 533 | 327 | 355 | 451 | 703 |
| Net working capital | 1,224 | 1,244 | 1,357 | 1,835 | 1,835 | 1,142 | 1,606 |
| Cash flow | |||||||
| Cash from operations | 2,828 | 2,287 | 2,724 | 1,558 | 955 | 1,392 | 1,280 |
| Cash from investing | (1,224) | (1,542) | (1,769) | (899) | (558) | (1,688) | 103 |
| Cash from financing | (1,673) | (918) | (742) | (656) | (468) | (76.24) | (849) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,298 | 4,552 | 3,583 | 3,710 | 3,554 | 3,753 | 3,141 | 3,369 |
| Revenue growth (YoY) | +20.9% | +21.3% | +14.1% | +10.1% | +9.9% | +10.5% | - | - |
| Other income | 69.51 | 109 | 64.78 | 65.53 | 50.16 | 85.94 | 80.38 | 55.78 |
| EBITDA | 877 | 1,194 | 823 | 888 | 850 | 941 | 607 | 798 |
| EBITDA margin | +20.4% | +26.2% | +23.0% | +23.9% | +23.9% | +25.1% | +19.3% | +23.7% |
| Depreciation | 100 | 97.29 | 97.09 | 101 | 99.95 | 96.68 | 96.68 | 89.50 |
| Interest | 12.70 | 13.34 | 13.89 | 13.28 | 13.28 | 13.77 | 14.35 | 12.45 |
| Profit before tax | 834 | 1,192 | 777 | 840 | 787 | 916 | 576 | 752 |
| Tax | 208 | 308 | 192 | 216 | 203 | 238 | 149 | 195 |
| Net profit | 626 | 884 | 584 | 624 | 585 | 678 | 428 | 557 |
| EPS (βΉ) | 6.03 | 8.55 | 5.68 | 6.06 | 5.68 | 13.19 | 8.29 | 10.84 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 13,488 | 12,073 | 11,167 | 10,597 | 8,340 | 6,216 | 6,333 |
| Revenue growth | +11.7% | +8.1% | +5.4% | +27.1% | +34.2% | -1.8% | - |
| EBITDA | 3,293 | 2,815 | 2,530 | 1,855 | 1,599 | 1,547 | 1,424 |
| EBITDA margin | +24.4% | +23.3% | +22.7% | +17.5% | +19.2% | +24.9% | +22.5% |
| Profit before tax | 3,194 | 2,766 | 2,404 | 1,668 | 1,627 | 1,457 | 1,437 |
| Net profit | 2,393 | 2,090 | 1,801 | 1,256 | 1,275 | 1,086 | 1,144 |
| Net profit margin | +17.8% | +17.3% | +16.1% | +11.9% | +15.3% | +17.5% | +18.1% |
| EPS (βΉ) | 23.43 | 40.78 | 35.38 | 24.73 | 24.96 | 21.28 | 21.68 |
| Balance sheet | |||||||
| Total assets | 11,077 | 10,065 | 8,633 | 7,374 | 6,686 | 5,742 | 4,586 |
| Net worth | 10,665 | 9,676 | 8,337 | 7,108 | 6,417 | 5,561 | 4,465 |
| Total debt | 276 | 272 | 212 | 187 | 194 | 122 | 73.34 |
| Cash & bank | 142 | 215 | 382 | 156 | 119 | 112 | 569 |
| Net working capital | 657 | 721 | 897 | 1,289 | 1,180 | 446 | 1,154 |
| Cash flow | |||||||
| Cash from operations | 2,643 | 2,229 | 2,586 | 1,432 | 766 | 1,201 | 1,228 |
| Cash from investing | (1,116) | (1,515) | (1,736) | (754) | (326) | (1,679) | 133 |
| Cash from financing | (1,600) | (882) | (623) | (673) | (433) | 18.71 | (858) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,995 | 4,249 | 3,285 | 3,436 | 3,287 | 3,479 | 2,851 | 3,099 |
| Revenue growth (YoY) | +21.5% | +22.1% | +15.2% | +10.9% | +10.4% | +10.6% | - | - |
| Other income | 130 | 94.27 | 58.22 | 67.60 | 68.51 | 84.18 | 116 | 54.51 |
| Total expenses | 3,183 | 3,129 | 2,519 | 2,604 | 2,480 | 2,591 | 2,287 | 2,350 |
| EBITDA | 811 | 1,121 | 766 | 832 | 807 | 888 | 564 | 749 |
| EBITDA margin | +20.3% | +26.4% | +23.3% | +24.2% | +24.5% | +25.5% | +19.8% | +24.2% |
| Depreciation | 87.72 | 84.49 | 81.90 | 86.15 | 85.43 | 82.77 | 83.89 | 76.70 |
| Interest | 10.89 | 10.90 | 9.76 | 10.61 | 10.19 | 10.19 | 10.34 | 8.31 |
| Profit before tax | 842 | 1,120 | 732 | 803 | 780 | 879 | 585 | 718 |
| Tax | 195 | 290 | 185 | 202 | 194 | 230 | 140 | 184 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,298 | 4,552 | 3,583 | 3,710 | 3,554 | 3,753 | 3,141 | 3,369 |
| Revenue growth (YoY) | +20.9% | +21.3% | +14.1% | +10.1% | +9.9% | +10.5% | - | - |
| Other income | 69.51 | 109 | 64.78 | 65.53 | 50.16 | 85.94 | 80.38 | 55.78 |
| EBITDA | 877 | 1,194 | 823 | 888 | 850 | 941 | 607 | 798 |
| EBITDA margin | +20.4% | +26.2% | +23.0% | +23.9% | +23.9% | +25.1% | +19.3% | +23.7% |
| Depreciation | 100 | 97.29 | 97.09 | 101 | 99.95 | 96.68 | 96.68 | 89.50 |
| Interest | 12.70 | 13.34 | 13.89 | 13.28 | 13.28 | 13.77 | 14.35 | 12.45 |
| Profit before tax | 834 | 1,192 | 777 | 840 | 787 | 916 | 576 | 752 |
| Tax | 208 | 308 | 192 | 216 | 203 | 238 | 149 | 195 |
| Net profit | 626 | 884 | 584 | 624 | 585 | 678 | 428 | 557 |
| EPS (βΉ) | 6.03 | 8.55 | 5.68 | 6.06 | 5.68 | 13.19 | 8.29 | 10.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 14,601 | 13,140 | 12,383 | 11,799 | 9,921 | 7,293 | 7,294 |
| Revenue growth | +11.1% | +6.1% | +5.0% | +18.9% | +36.0% | -0.0% | - |
| Other income | 266 | 247 | 140 | 56.25 | 48.18 | 83.38 | 152 |
| Total expenses | 11,098 | 10,156 | 9,751 | 9,815 | 8,074 | 5,616 | 5,774 |
| Employee cost | 1,941 | 1,742 | 1,465 | 1,246 | 1,112 | 981 | 927 |
| EBITDA | 3,503 | 2,984 | 2,632 | 1,984 | 1,847 | 1,677 | 1,521 |
| EBITDA margin | +24.0% | +22.7% | +21.3% | +16.8% | +18.6% | +23.0% | +20.9% |
| Depreciation | 395 | 358 | 341 | 270 | 240 | 201 | 170 |
| Interest | 54.22 | 50.35 | 51.19 | 47.64 | 42.08 | 37.23 | 33.60 |
| Profit before tax | 3,320 | 2,823 | 2,379 | 1,723 | 1,614 | 1,522 | 1,470 |
| Tax | 849 | 727 | 632 | 434 | 407 | 396 | 348 |
| Net profit | 2,463 | 2,094 | 1,783 | 1,273 | 1,214 | 1,138 | 1,155 |
| Net profit margin | +16.9% | +15.9% | +14.4% | +10.8% | +12.2% | +15.6% | +15.8% |
| EPS (βΉ) | 24.06 | 40.82 | 34.00 | 25.05 | 23.76 | 22.26 | 21.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 102 | 50.86 | 50.86 | 50.83 | 50.83 | 50.82 | 50.81 |
| Reserves & surplus | 10,730 | 9,704 | 8,356 | 7,161 | 6,353 | 5,542 | 4,405 |
| Shareholders' funds (net worth) | 10,832 | 9,754 | 8,407 | 7,212 | 6,404 | 5,593 | 4,456 |
| Minority interest | 216 | 203 | 210 | 234 | 199 | 240 | 216 |
| Secured loans | 91.62 | 124 | 106 | 115 | 135 | 119 | 116 |
| Unsecured loans | 326 | 330 | 276 | 276 | 281 | 212 | 172 |
| Total debt | 417 | 454 | 382 | 391 | 416 | 331 | 288 |
| Total liabilities | 11,633 | 10,550 | 9,103 | 7,931 | 7,110 | 6,236 | 5,018 |
| Assets | |||||||
| Gross block | 8,373 | 7,958 | 7,427 | 6,738 | 6,301 | 5,834 | 3,057 |
| Net block | 5,774 | 5,705 | 5,451 | 4,914 | 4,703 | 4,418 | 1,807 |
| Capital work in progress | 329 | 129 | 148 | 406 | 225 | 294 | 259 |
| Investments | 4,350 | 3,551 | 2,235 | 881 | 459 | 516 | 1,186 |
| Inventories | 1,738 | 1,685 | 1,415 | 1,817 | 1,695 | 1,234 | 929 |
| Sundry debtors | 2,181 | 1,811 | 1,675 | 1,535 | 1,431 | 1,321 | 1,088 |
| Cash & bank balances | 299 | 336 | 533 | 327 | 355 | 451 | 703 |
| Loans & advances | 394 | 468 | 343 | 351 | 361 | 332 | 320 |
| Total current assets | 4,612 | 4,300 | 3,966 | 4,030 | 3,842 | 3,339 | 3,041 |
| Total current liabilities | 3,388 | 3,056 | 2,609 | 2,196 | 2,007 | 2,197 | 1,435 |
| Net working capital | 1,224 | 1,244 | 1,357 | 1,835 | 1,835 | 1,142 | 1,606 |
| Total assets | 11,633 | 10,550 | 9,103 | 7,931 | 7,110 | 6,236 | 5,018 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 287 | 460 | 247 | 256 | 327 | 607 | 73.27 |
| Net cash from operating activities | 2,828 | 2,287 | 2,724 | 1,558 | 955 | 1,392 | 1,280 |
| Net cash from investing activities | (1,224) | (1,542) | (1,769) | (899) | (558) | (1,688) | 103 |
| Net cash from financing activities | (1,673) | (918) | (742) | (656) | (468) | (76.24) | (849) |
| Net change in cash | (68.42) | (173) | 212 | 2.19 | (70.73) | (372) | 533 |
| Closing cash | 299 | 336 | 533 | 327 | 355 | 451 | 703 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.1% | +6.1% | +5.0% | +18.9% | +36.0% | -0.0% | - |
| EBITDA growth | +17.4% | +13.4% | +32.6% | +7.4% | +10.2% | +10.3% | - |
| PBT growth | +17.6% | +18.6% | +38.1% | +6.8% | +6.0% | +3.6% | +9.6% |
| Net income growth | +17.6% | +17.5% | +40.1% | +4.8% | +6.7% | -1.5% | - |
| Revenue CAGR (3Y) | +7.4% | +9.8% | +19.3% | +17.4% | +11.9% | +6.3% | +9.1% |
| EBITDA CAGR (3Y) | +20.9% | +17.3% | +16.2% | +9.3% | +11.0% | +7.7% | +6.5% |
| Profitability & leverage | |||||||
| Net income margin | +16.9% | +16.0% | +14.1% | +10.9% | +12.2% | +15.4% | +15.4% |
| Return on capital employed | +31.0% | +29.9% | +29.3% | +24.2% | +25.7% | +28.9% | +32.7% |
| Return on net worth | +24.0% | +23.1% | +22.4% | +18.9% | +20.1% | +22.4% | +26.1% |
| Debt / equity | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 |
| Long-term debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Interest cover | 1.74 | 1.92 | 2.23 | 2.78 | 2.62 | 2.52 | 2.49 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.79 | 1.71 | 1.75 | 1.81 | 1.64 | 1.64 | 2.61 |
| Inventory turnover | 8.53 | 8.48 | 7.66 | 6.72 | 6.77 | 6.74 | 7.83 |
| Debtors turnover | 7.31 | 7.54 | 7.72 | 7.96 | 7.21 | 6.05 | 6.80 |
| EPS (βΉ) | 24.06 | 40.82 | 34.00 | 25.05 | 23.76 | 22.26 | 21.97 |
| Dividend per share (βΉ) | 11.50 | 20.00 | 16.00 | 11.00 | 10.00 | 8.50 | 7.00 |
| Book value per share (βΉ) | 106.43 | 191.79 | 165.30 | 141.89 | 125.98 | 110.05 | 87.69 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,995 | 4,249 | 3,285 | 3,436 | 3,287 | 3,479 | 2,851 | 3,099 |
| Revenue growth (YoY) | +21.5% | +22.1% | +15.2% | +10.9% | +10.4% | +10.6% | - | - |
| Other income | 130 | 94.27 | 58.22 | 67.60 | 68.51 | 84.18 | 116 | 54.51 |
| Total expenses | 3,183 | 3,129 | 2,519 | 2,604 | 2,480 | 2,591 | 2,287 | 2,350 |
| EBITDA | 811 | 1,121 | 766 | 832 | 807 | 888 | 564 | 749 |
| EBITDA margin | +20.3% | +26.4% | +23.3% | +24.2% | +24.5% | +25.5% | +19.8% | +24.2% |
| Depreciation | 87.72 | 84.49 | 81.90 | 86.15 | 85.43 | 82.77 | 83.89 | 76.70 |
| Interest | 10.89 | 10.90 | 9.76 | 10.61 | 10.19 | 10.19 | 10.34 | 8.31 |
| Profit before tax | 842 | 1,120 | 732 | 803 | 780 | 879 | 585 | 718 |
| Tax | 195 | 290 | 185 | 202 | 194 | 230 | 140 | 184 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 13,488 | 12,073 | 11,167 | 10,597 | 8,340 | 6,216 | 6,333 |
| Revenue growth | +11.7% | +8.1% | +5.4% | +27.1% | +34.2% | -1.8% | - |
| Other income | 279 | 294 | 193 | 63.04 | 230 | 73.49 | 152 |
| Total expenses | 10,195 | 9,258 | 8,637 | 8,742 | 6,742 | 4,669 | 4,908 |
| Employee cost | 1,710 | 1,545 | 1,254 | 1,045 | 905 | 788 | 737 |
| EBITDA | 3,293 | 2,815 | 2,530 | 1,855 | 1,599 | 1,547 | 1,424 |
| EBITDA margin | +24.4% | +23.3% | +22.7% | +17.5% | +19.2% | +24.9% | +22.5% |
| Depreciation | 336 | 308 | 289 | 222 | 175 | 147 | 126 |
| Interest | 40.75 | 34.72 | 29.46 | 28.53 | 26.42 | 16.99 | 13.40 |
| Profit before tax | 3,194 | 2,766 | 2,404 | 1,668 | 1,627 | 1,457 | 1,437 |
| Tax | 810 | 692 | 604 | 411 | 359 | 375 | 335 |
| Net profit | 2,393 | 2,090 | 1,801 | 1,256 | 1,275 | 1,086 | 1,144 |
| Net profit margin | +17.8% | +17.3% | +16.1% | +11.9% | +15.3% | +17.5% | +18.1% |
| EPS (βΉ) | 23.43 | 40.78 | 35.38 | 24.73 | 24.96 | 21.28 | 21.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 102 | 50.86 | 50.86 | 50.83 | 50.83 | 50.82 | 50.81 |
| Reserves & surplus | 10,564 | 9,626 | 8,287 | 7,057 | 6,366 | 5,510 | 4,414 |
| Shareholders' funds (net worth) | 10,665 | 9,676 | 8,337 | 7,108 | 6,417 | 5,561 | 4,465 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 276 | 272 | 212 | 187 | 194 | 122 | 73.34 |
| Total debt | 276 | 272 | 212 | 187 | 194 | 122 | 73.34 |
| Total liabilities | 11,077 | 10,065 | 8,633 | 7,374 | 6,686 | 5,742 | 4,586 |
| Assets | |||||||
| Gross block | 7,418 | 7,087 | 6,589 | 5,939 | 3,018 | 2,581 | 2,291 |
| Net block | 5,257 | 5,202 | 4,935 | 4,437 | 1,732 | 1,423 | 1,249 |
| Capital work in progress | 327 | 106 | 135 | 351 | 207 | 282 | 248 |
| Investments | 4,928 | 4,173 | 2,813 | 1,447 | 3,446 | 3,482 | 1,824 |
| Inventories | 1,541 | 1,490 | 1,257 | 1,561 | 1,373 | 976 | 730 |
| Sundry debtors | 1,865 | 1,556 | 1,406 | 1,305 | 1,158 | 999 | 807 |
| Cash & bank balances | 142 | 215 | 382 | 156 | 119 | 112 | 569 |
| Loans & advances | 252 | 274 | 213 | 197 | 198 | 164 | 205 |
| Total current assets | 3,800 | 3,535 | 3,258 | 3,219 | 2,848 | 2,251 | 2,311 |
| Total current liabilities | 3,143 | 2,814 | 2,362 | 1,930 | 1,667 | 1,805 | 1,157 |
| Net working capital | 657 | 721 | 897 | 1,289 | 1,180 | 446 | 1,154 |
| Total assets | 11,077 | 10,065 | 8,633 | 7,374 | 6,686 | 5,742 | 4,586 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 212 | 380 | 153 | 148 | 110 | 564 | 60.57 |
| Net cash from operating activities | 2,643 | 2,229 | 2,586 | 1,432 | 766 | 1,201 | 1,228 |
| Net cash from investing activities | (1,116) | (1,515) | (1,736) | (754) | (326) | (1,679) | 133 |
| Net cash from financing activities | (1,600) | (882) | (623) | (673) | (433) | 18.71 | (858) |
| Net change in cash | (72.46) | (168) | 227 | 6.10 | 6.68 | (459) | 504 |
| Closing cash | 142 | 215 | 382 | 156 | 119 | 112 | 569 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.7% | +8.1% | +5.4% | +27.1% | +34.2% | -1.8% | - |
| EBITDA growth | +17.0% | +11.3% | +36.4% | +16.1% | +3.3% | +8.6% | - |
| PBT growth | +15.5% | +15.1% | +44.1% | +2.5% | +11.7% | +1.4% | +4.4% |
| Net income growth | +14.5% | +16.1% | +43.4% | -1.5% | +17.4% | -5.0% | - |
| Revenue CAGR (3Y) | +8.4% | +13.1% | +21.6% | +18.7% | +11.0% | +5.1% | +9.2% |
| EBITDA CAGR (3Y) | +21.1% | +20.8% | +17.8% | +9.2% | +7.4% | +6.2% | +8.0% |
| Profitability & leverage | |||||||
| Net income margin | +17.7% | +17.2% | +16.1% | +11.9% | +15.2% | +17.4% | +17.4% |
| Return on capital employed | +30.6% | +30.0% | +30.4% | +24.3% | +26.6% | +28.5% | +32.8% |
| Return on net worth | +23.4% | +23.0% | +23.3% | +18.7% | +21.2% | +21.6% | +25.5% |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 |
| Long-term debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Interest cover | 1.38 | 1.39 | 1.31 | 1.75 | 1.86 | 1.21 | 1.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.86 | 1.77 | 1.78 | 1.84 | 2.98 | 2.55 | 3.04 |
| Inventory turnover | 8.90 | 8.79 | 7.92 | 7.06 | 7.10 | 7.29 | 8.65 |
| Debtors turnover | 7.89 | 8.15 | 8.24 | 8.42 | 7.73 | 6.89 | 8.01 |
| EPS (βΉ) | 23.43 | 40.78 | 35.38 | 24.73 | 24.96 | 21.28 | 21.68 |
| Dividend per share (βΉ) | 11.50 | 20.00 | 16.00 | 11.00 | 10.00 | 8.50 | 7.00 |
| Book value per share (βΉ) | 104.79 | 190.26 | 163.93 | 139.84 | 126.24 | 109.43 | 87.87 |
Timeline of Cipy Polyurethanes
2 dated milestones of Cipy Polyurethanes across 42 years, from founding to its latest funding, stage changes and deals.
- Founded Cipy Polyurethanes is founded.
- Exit Acquired by Pidilite.
Web traffic of Cipy Polyurethanes
Websites that share an audience with Cipy Polyurethanes (cipypolyurethane.com).
Websites whose visitors overlap most with Cipy Polyurethanes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
atlaspolymers.co.uk | atlaspolymers.co.uk | 100% | β | ||
covisrl.com | covisrl.com | 96% | β | ||
| precisionurethane.com | 95% | #6,137,358 | View details | ||
bharat-enterprises.com | bharat-enterprises.com | 93% | #9,041,112 | β | |
| tandemproducts.com | 87% | View details | |||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 14 similar websites and full traffic analytics for Cipy Polyurethanes
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Paints, Coatings & Surface Treatments
3 companies that operate in the same segment as Cipy Polyurethanes (Paints, Coatings & Surface Treatments) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of paints | 2000 | Pune, Maharashtra, India | USD 23.11 M | USD 149.43 M | 1,213 | |
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.87 B | 10 | ||
Industrial and decorative paints are manufactured by Kansai Nerolac. | 1920 | Mumbai, Maharashtra, India | USD 858.2 M | 10,570 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track β from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Cipy Polyurethanes
Complete news archive for Cipy Polyurethanes
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cipy Polyurethanes
Cipy Polyurethanes was founded in 1976.
Cipy Polyurethanes is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Cipy Polyurethanes has 8,198 employees.
The primary company behind Cipy Polyurethanes, Pidilite Industries Limited, reported revenue of βΉ14,867 Cr for FY 2026, up 11% year on year.
Cipy Polyurethanes was established in 1976 and is based in Pune, India. Operations are centered on the production of polyurethane and epoxy coatings within the chemicals and materials sector. These coatings are developed for industrial and protective applications, with manufacturing processes conducted at facilities in India. The company serves markets requiring durable surface solutions, maintaining a focus on formulation and supply in the region.
Yes, Cipy Polyurethanes is publicly traded on NSE under the ticker symbol PIDILITIND.
Cipy Polyurethanes has 1 investor. Key investors include Pidilite.
Cipy Polyurethanes operates through Pidilite Industries Limited.
Yes. Cipy Polyurethanes was acquired by Pidilite in January 2018.
The legal entities of Cipy Polyurethanes currently have 17 directors, including Bharat Tilakraj Puri, Madhukar Balvantray Parekh, Sandeep Batra and others.

