Pidilite Ind shares up 1.01% as Nifty gains
Pidilite Industries Ltd. traded 1.01 per cent up in Tuesday's trade at 11:11AM (IST). Around 59,487 shares changed hands on the counter.
The scrip opened at Rs 3105.0 and touched an intraday high and low of Rs 3140.45 and Rs 3105.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 3232.3 and a 52-week low of Rs 2293.1.
As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 157923.2 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 2950.73 crore for the quarter ended 31-Mar-2024, down 6.83 per cent from previous quarter's Rs 3166.97 crore and down 8.8 per cent from the year-ago quarter's Rs 2712.07 crore.
The net profit for latest quarter stood at Rs 300.5 crore, up 6.17 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 3.6 per cent stake in the company, while foreign institutional investors held 11.31 per cent and the promoters 68.58 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 91.32 and a price-to-book ratio of 18.24. 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. belongs to the Diversified
