Pidilite Ind shares down 1.52% as Nifty gains
Pidilite Industries Ltd. traded 1.52 per cent down in Monday's trade at 01:29PM (IST). Around 82,723 shares changed hands on the counter.
The counter opened at Rs 2493.5 and touched an intraday high and low of Rs 2493.5 and Rs 2420.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2796.15 and a 52-week low of Rs 2250.85.
As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 123327.11 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3298.54 crore for the quarter ended 30-Jun-2023, up 21.62 per cent from previous quarter's Rs 2712.07 crore and up 6.0 per cent from the year-ago quarter's Rs 3111.79 crore.
The net profit for latest quarter stood at Rs 468.16 crore, up 32.39 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, DIIs held 3.88 per cent stake in the firm, while foreign institutional investors held 11.34 per cent and the promoters 69.38 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 88.87 and a price-to-book ratio of 16.59.
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.
Pidilite Industries Ltd.
