PI Industries shares up 1.18% as Nifty gains

NEW DELHI: Shares of PI Industries Ltd. traded 1.18 per cent up in Wednesday's trade at 10:51AM (IST). Around 1,856 shares changed hands on the counter.

The stock opened at Rs 3498.95 and touched an intraday high and low of Rs 3514.95 and Rs 3479.5, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4010.0 and a 52-week low of Rs 2870.0.

Total market cap of the PI Industries Ltd. stood at Rs 53161.27 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1957.3 crore for the quarter ended 30-Jun-2023, up 21.19 per cent from previous quarter's Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter's Rs 1567.3 crore.

The net profit for latest quarter stood at Rs 382.9 crore, up 45.92 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 16.79 per cent stake in the company, while foreign institutional investors held 19.17 per cent and the promoters 46.09 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 39.38 and a price-to-book ratio of 6.39. 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.

PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.