Pidilite Ind shares up 1.57% as Nifty drops

NEW DELHI: Shares of Pidilite Industries Ltd. traded 1.57 per cent up in Wednesday's trade at 10:05AM (IST). Around 8,915 shares changed hands on the counter.

The stock opened at Rs 2472.0 and touched an intraday high and low of Rs 2537.0 and Rs 2472.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2916.85 and a 52-week low of Rs 1988.6.

Total market cap of the Pidilite Industries Ltd. stood at Rs 128451.01 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2712.07 crore for the quarter ended 31-Mar-2023, down 9.68 per cent from previous quarter's Rs 3002.72 crore and down 7.7 per cent from the year-ago quarter's Rs 2518.21 crore.

The net profit for latest quarter stood at Rs 283.03 crore, up 11.28 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 4.21 per cent stake in the firm, while foreign institutional investors held 10.61 per cent and the promoters 69.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 100.88 and a price-to-book ratio of 16.59. 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.