Share price of Pidilite Ind falls as Sensex drops 669.38 points

Share price of Pidilite Industries Ltd. dropped 2.68 per cent to Rs 2318.5 at 01:37PM (IST) in Wednesday's trade. The counter hit a high of Rs 2350.3 and low of Rs 2300.05 so far during the session. The stock had closed at Rs 2382.4 in the previous session.

The counter had a total traded volume of 01:37PM shares so far with a turnover of Rs 7.28 crore on BSE. The stock traded at a price-to-earnings multiple of 94.48 and a price-to-book ratio of 19.49.

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 69.94 per cent stake in the company as of 31-Dec-2022, while FIIs and domestic institutional investors ownership stood at 11.08 per cent and 8.06 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 3002.72 crore for the quarter ended 31-Dec-2022, down 0.64 per cent from the previous quarter's Rs 3022.13 crore and down 5.14 per cent from the year-ago quarter's Rs 2855.89 crore.

Its profit for the latest quarter stood at Rs 304.17 crore, down 15.15 per cent from the same quarter a year ago.