PI Industries shares up 0.21% as Nifty gains

PI Industries shares up 0.21% as Nifty gains
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Synopsis

A total of 4,521 shares changed hands on the counter till 01:13PM (IST).

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NEW DELHI: Shares of Ltd. traded 0.21 per cent up in Thursday's trade at 01:13PM (IST). Around 4,521 shares changed hands on the counter.

The stock opened at Rs 2546.0 and touched an intraday high and low of Rs 2584.0 and Rs 2546.0, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 2668.85 and a 52-week low of Rs 1428.0.

As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 38900.53 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1201.0 crore for the quarter ended 31-Dec-2020, up 0.81 per cent from previous quarter's Rs 1191.3 crore and up 38.22 per cent from the year-ago quarter's Rs 868.9 crore.

The net profit for latest quarter stood at Rs 195.4 crore, up 61.35 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2021, domestic institutional investors held 13.86 per cent stake in the company, while foreign institutional investors held 19.35 per cent and the promoters 46.74 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 58.13 and a price-to-book ratio of 6.16. 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. belongs to the Pesticides/Agro Chem industry.

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