PI industries share price: Share price of PI Industries falls as Sensex drops 380.03 points

Share price of Ltd. dropped 1.54 per cent to Rs 2817.3 at 12:19PM (IST) in Friday’s trade. The scrip hit a high of Rs 2870.4 and low of Rs 2774.6 so far during the session. The stock had closed at Rs 2861.5 in the previous session.

The counter had a total traded volume of 12:19PM shares so far with a turnover of Rs 2.36 crore on BSE. The stock traded at a price-to-earnings multiple of 57.9 and a price-to-book ratio of 6.16.

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.

PI Industries Ltd. belongs to the Pesticides/Agro Chem industry.

Promotor/FII Holding

Promoters held 46.74 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 22.55 per cent and 18.07 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 1241.3 crore for the quarter ended 31-Mar-2021, up 3.36 per cent from the previous quarter’s Rs 1201.0 crore and up 44.0 per cent from the year-ago quarter’s Rs 862.0 crore.

Its profit for the latest quarter stood at Rs 179.8 crore, up 62.42 per cent from the same quarter a year ago.