Pidilite Ind shares down 1.86% as Nifty drops

NEW DELHI: Shares of Pidilite Industries Ltd. traded 1.86 per cent down in Thursday's trade at 01:39PM (IST). Around 16,223 shares changed hands on the counter.

The stock opened at Rs 2510.1 and touched an intraday high and low of Rs 2510.1 and Rs 2450.0, respectively, in the session so far. The stock of Pidilite Industries Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 2250.85.

Total market cap of the Pidilite Industries Ltd. stood at Rs 124651.35 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 3298.54 crore for the quarter ended 30-Jun-2023, up 21.62 per cent from previous quarter's Rs 2712.07 crore and up 6.0 per cent from the year-ago quarter's Rs 3111.79 crore.

The net profit for latest quarter stood at Rs 468.16 crore, up 32.39 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, DIIs held 3.88 per cent stake in the firm, while foreign institutional investors held 11.34 per cent and the promoters 69.92 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 89.82 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.