Pidilite Ind shares down 0.39% as Nifty gains

NEW DELHI: Shares of Pidilite Industries Ltd. traded 0.39 per cent down in Tuesday's trade at 12:33PM (IST). Around 2,845 shares changed hands on the counter.

The scrip opened at Rs 2699.85 and touched an intraday high and low of Rs 2699.85 and Rs 2650.0, respectively, in the session so far. The stock of Pidilite Industries Ltd. quoted a 52-week high of Rs 2804.0 and a 52-week low of Rs 2250.85.

Total market cap of the Pidilite Industries Ltd. stood at Rs 135165.48 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3166.97 crore for the quarter ended 31-Dec-2023, up 1.91 per cent from previous quarter's Rs 3107.63 crore and up 5.47 per cent from the year-ago quarter's Rs 3002.72 crore.

The net profit for latest quarter stood at Rs 510.48 crore, up 67.83 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 3.49 per cent stake in the firm, while foreign institutional investors held 11.49 per cent and the promoters 69.84 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 78.96 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.

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