Pidilite Ind shares up 2.5% as Nifty drops

NEW DELHI: Shares of Pidilite Industries Ltd. traded 2.5 per cent up in Thursday’s trade at 10:15AM (IST). Around 18,251 shares changed hands on the counter.

The counter opened at Rs 2373.25 and touched an intraday high and low of Rs 2459.4 and Rs 2373.25, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2531.9 and a 52-week low of Rs 1501.6.

As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 122719.04 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2640.25 crore for the quarter ended 30-Sep-2021, up 35.89 per cent from previous quarter’s Rs 1942.91 crore and up 38.81 per cent from the year-ago quarter’s Rs 1902.02 crore.

The net profit for latest quarter stood at Rs 374.65 crore, up 5.11 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, DIIs held 4.29 per cent stake in the company, while foreign institutional investors held 11.78 per cent and the promoters 69.44 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 91.39 and a price-to-book ratio of 16.45. 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 industry.

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