BALANCE SHEET

as at 31st March 2023 ( in crores)

Particulars Note No. As at 31st March 2023 As at 31st March 2022
(refer Note 56)
ASSETS
1 Non-Current Assets
(a) Property, Plant and Equipment 4 1,443.37 1,322.77
(b) Right of Use Assets 5 272.95 170.95
(c) Capital Work-In-Progress 4 351.00 207.34
(d) Goodwill 6 1,184.85 1,184.85
(e) Other Intangible Assets 6 1,536.24 1,556.88
(f) Financial Assets
(i) Investments 7 1,003.91 914.46
(ii) Loans 10 6.20 5.05
(iii) Other Financial Assets 12 34.95 19.45
(g) Income Tax Assets (net) 17 137.21 129.92
(h) Other Non-Current Assets 18 47.76 42.20
Total Non-Current Assets 6,018.44 5,553.87
2 Current Assets
(a) Inventories 16 1,561.24 1,441.92
(b) Financial Assets
(i) Investments 8 442.71 170.31
(ii) Trade Receivables 9 1,305.12 1,211.93
(iii) Cash and Cash Equivalents 14 153.30 147.70
(iv) Bank balances other than (iii) above 15 2.75 2.87
(v) Loans 11 23.96 17.81
(vi) Other Financial Assets 13 7.70 11.40
(c) Other Current Assets 19 164.91 180.56
Total Current Assets 3,661.69 3,184.50
TOTAL ASSETS 9,680.13 8,738.37
EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital 20 50.83 50.83
(b) Other Equity 21 7,057.33 6,292.87
Total Equity 7,108.16 6,343.70
LIABILITIES
1 Non-Current Liabilities
(a) Financial Liabilities
(i) Lease Liabilities 143.15 66.94
(ii) Other Financial Liabilities 24 14.45 19.94
(b) Provisions 26 64.62 56.22
(c) Deferred Tax Liabilities (net) 28 376.51 388.53
Total Non-Current Liabilities 598.73 531.63
2 Current Liabilities
(a) Financial Liabilities
(i) Borrowings 22 - 105.00
(ii) Trade Payables 23
Total Outstanding Dues of Micro Enterprises and
- 52.82 68.15
Small Enterprises
Total Outstanding Dues of Creditors other than
- 886.14 877.69
Micro Enterprises and Small Enterprises
(iii) Lease Liabilities 43.47 26.48
(iv) Other Financial Liabilities 25 834.38 659.62
(b) Other Current Liabilities 29 87.94 82.10
(c) Provisions 27 30.24 34.94
(d) Current Tax Liabilities (net) 30 38.25 9.06
Total Current Liabilities 1,973.24 1,863.04
TOTAL LIABILITIES 2,571.97 2,394.67
TOTAL EQUITY AND LIABILITIES 9,680.13 8,738.37
See accompanying notes to the financial statements 1 to 57
Pidilite Annual Report 2022-23

In terms of our report attached

For DELOITTE HASKINS & SELLS LLP FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Chartered Accountants

N. K. JAIN BHARAT PURI M B PAREKH

Partner Managing Director Executive Chairman
DIN:02173566 DIN:00180955

SANDEEP BATRA MANISHA SHETTY

Director Finance & Chief Financial Officer Company Secretary
DIN:00871843
108 Place: Mumbai Place: Mumbai
Date: 8th May 2023 Date : 8th May 2023
S TAT EM E N T O F P RO F I T A N D L O S S
for the year ended 31st March 2023 ( in crores)
Particulars Note No. For the year ended For the year ended
31st March 2023 31st March 2022
(refer Note 56)

INCOME

Revenue from Operations 31 10,597.07 8,895.62

Other Income 32 63.04 39.96

Total Income 10,660.11 8,935.58

EXPENSES

Cost of Materials Consumed 33 5,345.97 4,523.17

Purchases of Stock-in-Trade 858.96 607.84

Changes in inventories of Finished Goods, 34 (61.02) (225.52)

Work-in-Progress and Stock-in-Trade

Employee Benefits Expense 35 1,044.83 926.76

Finance Costs 36 28.53 27.24

Depreciation and Amortisation Expense 37 221.97 194.38

Other Expenses 38 1,553.15 1,290.97

Total Expenses 8,992.39 7,344.84

Profit before Exceptional Items and Tax 1,667.72 1,590.74

Exceptional Items - -

Profit before Tax 1,667.72 1,590.74

Tax Expense

Current Tax 48 423.05 397.53

Deferred Tax 48 (12.51) 1.80

Net Tax Expense 410.54 399.33

Profit for the year 1,257.18 1,191.41

Other Comprehensive Income

Items that will not be reclassified to profit or loss

Remeasurement of Defined Benefit Plan 45 1.94 (12.11)

Income tax relating to items that will not be 48 (0.49) 3.05

reclassified to profit or loss

Total Other Comprehensive Income / (Loss) 1.45 (9.06)

Total Comprehensive Income for the year 1,258.63 1,182.35

Earnings Per Equity Share: 43

Basic ( ) 24.73 23.45

Diluted ( ) 24.72 23.43

See accompanying notes to the financial statements 1 to 57

Pidilite Annual Report 2022-23

In terms of our report attached

For DELOITTE HASKINS & SELLS LLP FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Chartered Accountants

N. K. JAIN BHARAT PURI M B PAREKH

Partner Managing Director Executive Chairman
DIN:02173566 DIN:00180955

SANDEEP BATRA MANISHA SHETTY

Director Finance & Chief Financial Officer Company Secretary
DIN:00871843
Place: Mumbai Place: Mumbai 109
Date: 8th May 2023 Date : 8th May 2023