Trending stocks: Parag Milk Foods shares down nearly 5%

NEW DELHI: Shares of Parag Milk Foods Ltd. traded 4.99 per cent down in Tuesday's trade at 11:00AM (IST). Around 29,518 shares changed hands on the counter.

The scrip opened at Rs 103.9 and touched an intraday high and low of Rs 103.9 and Rs 94.0, respectively, in the session so far. The stock of Parag Milk Foods Ltd. quoted a 52-week high of Rs 276.05 and a 52-week low of Rs 48.5.

Total market cap of the Parag Milk Foods Ltd. stood at Rs 829.79 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 632.93 crore for the quarter ended 31-Dec-2019, down 1.11 per cent from previous quarter's Rs 640.03 crore and down 5.38 per cent from the year-ago quarter's Rs 600.6 crore.

The net profit for latest quarter stood at Rs 27.58 crore, down 10.27 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 0.6 per cent stake in the firm, while foreign institutional investors held 14.43 per cent and the promoters 46.2 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 7.22 and a price-to-book ratio of 1.0. 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.

Parag Milk Foods Ltd. belongs to the FMCG Dairy Products industry.