Colgate-Palmolive (India) Ltd. shares up 0.23% as Nifty gains

NEW DELHI: Shares of Colgate-Palmolive (India) Ltd. traded 0.23 per cent up in Tuesday’s trade at 12:10PM (IST). Around 5,768 shares changed hands on the counter.

The stock opened at Rs 1560.0 and touched an intraday high and low of Rs 1573.15 and Rs 1557.8, respectively, in the session so far. Shares of the company of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1675.8 and a 52-week low of Rs 1257.2.

As per BSE, the total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 42443.36 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1241.81 crore for the quarter ended 31-Dec-2020, down 3.96 per cent from previous quarter’s Rs 1293.05 crore and down 7.71 per cent from the year-ago quarter’s Rs 1152.97 crore.

The net profit for latest quarter stood at Rs 248.36 crore, up 24.74 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Dec-2020, DIIs held 2.62 per cent stake in the company, while foreign institutional investors held 16.59 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 45.89 and a price-to-book ratio of 27.81. 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.

Colgate-Palmolive (India) Ltd. belongs to the Personal Care industry.

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