PI Industries shares down 0.45% as Nifty gains
PI Industries Ltd. traded 0.45 per cent down in Friday's trade at 01:02PM (IST). Around 7,240 shares changed hands on the counter.
The counter opened at Rs 3660.05 and touched an intraday high and low of Rs 3682.2 and Rs 3597.2, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 55529.59 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1798.9 crore for the quarter ended 31-Mar-2024, down 7.92 per cent from previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter's Rs 1615.1 crore.
The net profit for latest quarter stood at Rs 369.5 crore, up 31.68 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 14.99 per cent stake in the company, while foreign institutional investors held 20.26 per cent and the promoters 46.09 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 33.02 and a price-to-book ratio of 6.74. 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.
PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.
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