Pidilite Ind shares down 1.21% as Nifty drops

NEW DELHI: Shares of Pidilite Industries Ltd. traded 1.21 per cent down in Wednesday's trade at 12:58PM (IST). Around 5,093 shares changed hands on the counter.

The scrip opened at Rs 2727.05 and touched an intraday high and low of Rs 2731.7 and Rs 2696.2, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2804.0 and a 52-week low of Rs 2261.0.

As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 137454.22 crore at the time of writing this report.

Key Financials
The company reported consolidated 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, DIIs held 3.49 per cent stake in the firm, while foreign institutional investors held 11.49 per cent and the promoters 68.59 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 80.3 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.