Colgate-Palmolive Share Price: Colgate-Palmolive shares down 1.23% as Nifty drops

NEW DELHI: Shares of (India) Ltd. traded 1.23 per cent down in Wednesday’s trade at 01:31PM (IST). Around 7,637 shares changed hands on the counter.

The stock opened at Rs 1731.35 and touched an intraday high and low of Rs 1737.75 and Rs 1704.25, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 1823.0 and a 52-week low of Rs 1322.8.

Total market cap of the Colgate-Palmolive (India) Ltd. stood at Rs 46446.99 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 1171.18 crore for the quarter ended 30-Jun-2021, down 9.2 per cent from previous quarter’s Rs 1289.81 crore and down 11.87 per cent from the year-ago quarter’s Rs 1046.9 crore.

The net profit for latest quarter stood at Rs 233.23 crore, up 17.69 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Jun-2021, DIIs held 2.57 per cent stake in the company, while foreign institutional investors held 18.61 per cent and the promoters 51.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 43.39 and a price-to-book ratio of 36.38. 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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