Share price of Pidilite Ind jumps as Sensex gains 47.36 points

Share price of Pidilite Industries Ltd. gained 1.31 per cent to Rs 2541.7 at 10:15AM (IST) in Thursday's trade. The scrip hit a high of Rs 2555.15 and low of Rs 2517.1 so far during the session. The stock had closed at Rs 2508.95 in the previous session.

The counter had a total traded volume of 10:15AM shares so far with a turnover of Rs 1.32 crore on BSE. The stock traded at a price-to-earnings multiple of 101.33 and a price-to-book ratio of 16.59.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 69.94 per cent stake in the company as of 31-Mar-2023, while foreign investors and domestic institutional investors ownership stood at 10.61 per cent and 8.39 per cent, respectively.

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

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