Colgate-Palmolive shares up 0.27% as Nifty drops
Colgate-Palmolive (India) Ltd. traded 0.27 per cent up in Wednesday's trade at 11:06AM (IST). Around 1,608 shares changed hands on the counter.
The counter opened at Rs 2004.75 and touched an intraday high and low of Rs 2004.75 and Rs 1974.85, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 2061.55 and a 52-week low of Rs 1434.6.
Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 53653.25 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 1338.64 crore for the quarter ended 30-Jun-2023, down 2.36 per cent from previous quarter's Rs 1370.98 crore and down 10.78 per cent from the year-ago quarter's Rs 1208.35 crore. The net profit for latest quarter stood at Rs 273.68 crore, up 30.53 per cent from the same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 2.16 per cent stake in the firm, while foreign institutional investors held 21.8 per cent and the promoters 51.0 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 48.29 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.
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