Pidilite Ind shares down 0.94% as Nifty gains

NEW DELHI: Shares of Pidilite Industries Ltd. traded 0.94 per cent down in Friday's trade at 01:10PM (IST). Around 3,550 shares changed hands on the counter.

The stock opened at Rs 2668.95 and touched an intraday high and low of Rs 2668.95 and Rs 2623.0, respectively, in the session so far. The stock 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 133582.44 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 company, 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 104.91 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.