Colgate-Palmolive shares up 0.38% as Nifty gains

NEW DELHI: Shares of (India) Ltd. traded 0.38 per cent up in Friday's trade at 12:07PM (IST). Around 7,235 shares changed hands on the counter.

The stock opened at Rs 1709.6 and touched an intraday high and low of Rs 1718.0 and Rs 1702.6, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1755.0 and a 52-week low of Rs 1308.5.

As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 46408.91 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 1289.81 crore for the quarter ended 31-Mar-2021, up 3.87 per cent from previous quarter's Rs 1241.81 crore and up 18.23 per cent from the year-ago quarter's Rs 1090.9 crore.

The net profit for latest quarter stood at Rs 314.66 crore, up 54.13 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2021, DIIs held 2.79 per cent stake in the company, while foreign institutional investors held 16.9 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 44.82 and a price-to-book ratio of 27.81. 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.

Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.