PI Industries shares down 0.24% as Nifty gains

NEW DELHI: Shares of PI Industries Ltd. traded 0.24 per cent down in Tuesday's trade at 01:09PM (IST). Around 2,966 shares changed hands on the counter.

The scrip opened at Rs 4413.15 and touched an intraday high and low of Rs 4413.6 and Rs 4350.7, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4430.0 and a 52-week low of Rs 3060.0.

As per BSE, the total market cap of the PI Industries Ltd. stood at Rs 66639.15 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1798.9 crore for the quarter ended 31-Mar-2024, down 7.92 per cent from previous quarter's Rs 1953.6 crore and down 11.38 per cent from the year-ago quarter's Rs 1615.1 crore.

The net profit for latest quarter stood at Rs 369.5 crore, up 31.68 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2024, DIIs held 15.17 per cent stake in the firm, while foreign institutional investors held 18.76 per cent and the promoters 46.09 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 39.63 and a price-to-book ratio of 6.74. 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.

PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.