Colgate-Palmolive share price: Colgate-Palmolive shares down 0.68% as Nifty gains

NEW DELHI: Shares of (India) Ltd. traded 0.68 per cent down in Tuesday’s trade at 12:25PM (IST). Around 5,072 shares changed hands on the counter.

The scrip opened at Rs 1514.0 and touched an intraday high and low of Rs 1514.0 and Rs 1492.4, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1675.8 and a 52-week low of Rs 1257.2.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 40591.14 crore at the time of writing this report.

Key Financials

The company reported consolidated net 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 corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, domestic institutional investors held 5.58 per cent stake in the firm, while foreign institutional investors held 33.8 per cent and the promoters 102.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 43.89 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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