Share price of Pidilite Ind falls as Sensex gains 289.48 points

Share price of Pidilite Industries Ltd. dropped 0.13 per cent to Rs 2259.0 at 12:35PM (IST) in Tuesday’s trade. The scrip hit a high of Rs 2288.9 and low of Rs 2250.0 so far during the session. The stock had closed at Rs 2261.85 in the previous session.

The counter had a total traded volume of 12:35PM shares so far with a turnover of Rs 47.47 crore on BSE. The stock traded at a price-to-earnings multiple of 86.75 and a price-to-book ratio of 16.45.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 70.13 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 12.08 per cent and 7.16 per cent, respectively.

Key Financials

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

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

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