Colgate-Palmolive shares down 1.65% as Nifty drops
Colgate-Palmolive (India) Ltd. traded 1.65 per cent down in Monday's trade at 02:10PM (IST). Around 6,667 shares changed hands on the counter.
The counter opened at Rs 2515.05 and touched an intraday high and low of Rs 2520.6 and Rs 2481.5, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2546.45 and a 52-week low of Rs 1434.6.
Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 68405.75 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1492.1 crore for the quarter ended 30-Sep-2023, up 11.46 per cent from previous quarter's Rs 1338.64 crore and up 6.67 per cent from the year-ago quarter's Rs 1398.76 crore.
The net profit for latest quarter stood at Rs 340.05 crore, up 22.31 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 2.36 per cent stake in the firm, while foreign institutional investors held 24.08 per cent and the promoters 51.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 58.31 and a price-to-book ratio of 23.88.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Colgate-Palmolive (India) Ltd.
