PI Industries shares up 1.06% as Nifty gains
PI Industries Ltd. traded 1.06 per cent up in Monday's trade at 12:37PM (IST). Around 6,201 shares changed hands on the counter.
The counter opened at Rs 3250.0 and touched an intraday high and low of Rs 3284.95 and Rs 3246.45, 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.
Total market cap of the PI Industries Ltd. stood at Rs 49806.78 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 2163.8 crore for the quarter ended 30-Sep-2023, up 10.55 per cent from previous quarter's Rs 1957.3 crore and up 20.1 per cent from the year-ago quarter's Rs 1801.7 crore.
The net profit for latest quarter stood at Rs 480.5 crore, up 43.52 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 16.36 per cent stake in the firm, while foreign institutional investors held 20.41 per cent and the promoters 46.09 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 33.3 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.
