Share price of Pidilite Industries Ltd. falls as Sensex gains 49.04 points

Share price of Pidilite Industries Ltd. dropped 0.5 per cent to Rs 1419.2 at 12:05PM (IST) in Wednesday's trade. The stock hit a high of Rs 1455.35 and low of Rs 1417.4 so far during the session. The stock had closed at Rs 1426.35 in the previous session.

The counter had a total traded volume of 12:05PM shares so far with a turnover of Rs 2.27 crore on BSE. The stock traded at a price-to-earnings multiple of 85.49 and a price-to-book ratio of 15.47.

A higher P/E 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 70.19 per cent stake in the company as of 30-Jun-2020, while foreign investors and domestic institutional investors ownership stood at 11.17 per cent and 3.86 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 877.84 crore for the quarter ended 30-Jun-2020, down 43.17 per cent from the previous quarter's Rs 1544.68 crore and down 56.47 per cent from the year-ago quarter's Rs 2016.81 crore.

Its profit for the latest quarter stood at Rs 26.78 crore, down 90.86 per cent from the same quarter a year ago.