HomeNEWSPI Industries Share Price: PI Industries shares up 1.75% as Nifty gains

PI Industries Share Price: PI Industries shares up 1.75% as Nifty gains


NEW DELHI: Shares of PI Industries Ltd. traded 1.75 per cent up in Friday’s trade at 11:51AM (IST). Around 3,266 shares changed hands on the counter.

The counter opened at Rs 4699.0 and touched an intraday high and low of Rs 4761.3 and Rs 4645.85, respectively, in the session so far. Shares of the company of PI Industries Ltd. quoted a 52-week high of Rs 4761.3 and a 52-week low of Rs 3060.0.

Total market cap of the PI Industries Ltd. stood at Rs 72051.69 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2141.6 crore for the quarter ended 30-Jun-2024, up 19.05 per cent from previous quarter’s Rs 1798.9 crore and up 9.42 per cent from the year-ago quarter’s Rs 1957.3 crore.

The net profit for latest quarter stood at Rs 448.8 crore, up 17.21 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2024, DIIs held 15.17 per cent stake in the firm, while foreign institutional investors held 18.76 per cent and the promoters 46.09 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 41.23 and a price-to-book ratio of 6.74. 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.

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