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    Pidilite Ind shares up 0.85% as Nifty drops

    Synopsis

    A total of 13,451 shares changed hands on the counter till 01:20PM (IST).

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    The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.
    NEW DELHI: Shares of Pidilite Industries Ltd. traded 0.85 per cent up in Tuesday's trade at 01:20PM (IST). Around 13,451 shares changed hands on the counter.

    The counter opened at Rs 1845.0 and touched an intraday high and low of Rs 1864.0 and Rs 1830.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 1927.95 and a 52-week low of Rs 1307.05.

    Total market cap of the Pidilite Industries Ltd. stood at Rs 94668.97 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 2319.4 crore for the quarter ended 31-Dec-2020, up 21.94 per cent from previous quarter's Rs 1902.02 crore and up 17.95 per cent from the year-ago quarter's Rs 1966.42 crore.

    The net profit for latest quarter stood at Rs 441.83 crore, up 29.27 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, domestic institutional investors held 3.92 per cent stake in the company, while foreign institutional investors held 11.88 per cent and the promoters 70.16 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 96.35 and a price-to-book ratio of 15.47. 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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