PI Industries shares up 0.08% as Nifty drops
PI Industries Ltd. traded 0.08 per cent up in Thursday's trade at 10:25AM (IST). Around 2,474 shares changed hands on the counter.
The counter opened at Rs 3683.9 and touched an intraday high and low of Rs 3725.0 and Rs 3665.25, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4010.0 and a 52-week low of Rs 2870.0.
As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 55863.37 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 1615.1 crore for the quarter ended 31-Mar-2023, down 2.9 per cent from previous quarter's Rs 1663.4 crore and down 14.13 per cent from the year-ago quarter's Rs 1415.2 crore. The net profit for latest quarter stood at Rs 280.6 crore, up 37.28 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 16.79 per cent stake in the firm, while foreign institutional investors held 19.17 per cent and the promoters 46.01 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 45.43 and a price-to-book ratio of 6.39.
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.
Read more on economictimes.indiatimes.com
