PI Industries shares up 0.31% as Nifty gains

NEW DELHI: Shares of PI Industries Ltd. traded 0.31 per cent up in Monday's trade at 11:47AM (IST). Around 94,706 shares changed hands on the counter.

The counter opened at Rs 3087.15 and touched an intraday high and low of Rs 3149.3 and Rs 3085.5, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 3533.3 and a 52-week low of Rs 2334.35.

Total market cap of the PI Industries Ltd. stood at Rs 46955.24 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1415.2 crore for the quarter ended 31-Mar-2022, up 2.38 per cent from previous quarter's Rs 1382.3 crore and up 14.01 per cent from the year-ago quarter's Rs 1241.3 crore.

The net profit for latest quarter stood at Rs 204.4 crore, up 13.68 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2022, DIIs held 14.84 per cent stake in the firm, while foreign institutional investors held 23.1 per cent and the promoters 46.74 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 55.65 and a price-to-book ratio of 7.01. 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.