Pidilite Ind shares down 1.25% as Nifty gains

NEW DELHI: Shares of Pidilite Industries Ltd. traded 1.25 per cent down in Friday's trade at 01:09PM (IST). Around 6,200 shares changed hands on the counter.

The stock opened at Rs 2768.35 and touched an intraday high and low of Rs 2768.35 and Rs 2731.3, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 2792.35 and a 52-week low of Rs 2250.85.

As per BSE, the total market cap of the Pidilite Industries Ltd. stood at Rs 139176.48 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 3107.63 crore for the quarter ended 30-Sep-2023, down 5.79 per cent from previous quarter's Rs 3298.54 crore and down 2.83 per cent from the year-ago quarter's Rs 3022.13 crore.

The net profit for latest quarter stood at Rs 450.15 crore, up 35.41 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2023, DIIs held 3.57 per cent stake in the firm, while foreign institutional investors held 11.44 per cent and the promoters 68.61 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 92.44 and a price-to-book ratio of 16.59. 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.