Pidilite Ind shares down 0.68% as Nifty gains

Share market update: Most active stocks of the day in terms of traded value

NEW DELHI: Shares of . traded 0.68 per cent down in Tuesday’s trade at 01:29PM (IST). Around 7,044 shares changed hands on the counter.

The counter opened at Rs 2840.15 and touched an intraday high and low of Rs 2855.0 and Rs 2799.2, respectively, in the session so far. The stock of Pidilite Industries Ltd. quoted a 52-week high of Rs 2894.65 and a 52-week low of Rs 1988.6.

Total market cap of the Pidilite Industries Ltd. stood at Rs 142834.55 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 3111.79 crore for the quarter ended 30-Jun-2022, up 23.57 per cent from previous quarter’s Rs 2518.21 crore and up 60.16 per cent from the year-ago quarter’s Rs 1942.91 crore.

The net profit for latest quarter stood at Rs 353.61 crore, up 60.68 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2022, DIIs held 3.97 per cent stake in the company, while foreign institutional investors held 11.13 per cent and the promoters 69.94 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 106.51 and a price-to-book ratio of 19.49. 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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