Pidilite Ind Share Price: Pidilite Ind shares up 1.71% as Nifty gains

NEW DELHI: Shares of Pidilite Industries Ltd. traded 1.71 per cent up in Thursday’s trade at 01:15PM (IST). Around 9,484 shares changed hands on the counter.

The stock opened at Rs 2428.9 and touched an intraday high and low of Rs 2477.9 and Rs 2419.95, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2477.9 and a 52-week low of Rs 1450.0.

Total market cap of the Pidilite Industries Ltd. stood at Rs 124703.38 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1942.91 crore for the quarter ended 30-Jun-2021, down 13.76 per cent from previous quarter’s Rs 2252.85 crore and down 116.4 per cent from the year-ago quarter’s Rs 897.84 crore.

The net profit for latest quarter stood at Rs 220.07 crore, up 721.77 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2021, domestic institutional investors held 3.84 per cent stake in the company, while foreign institutional investors held 12.08 per cent and the promoters 70.13 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 94.15 and a price-to-book ratio of 16.45. 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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