Share price of PI Industries Ltd. dropped 1.22 per cent to Rs 3457.9 at 01:24PM (IST) in Thursday’s trade. The scrip hit a high of Rs 3500.75 and low of Rs 3448.5 so far during the session. The stock had closed at Rs 3500.7 in the previous session. The counter had a total traded volume of 01:24PM shares so far with a turnover of Rs 1.43 crore on BSE. The stock traded at a price-to-earnings multiple of 38.86 and a price-to-book ratio of 6.39.

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.

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

Promoters held 46.09 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 19.17 per cent and 23.78 per cent, respectively.

The firm reported consolidated sales of Rs 1957.3 crore for the quarter ended 30-Jun-2023, up 21.19 per cent from the previous quarter’s Rs 1615.1 crore and up 24.88 per cent from the year-ago quarter’s Rs 1567.3 crore.

Its profit for the latest quarter stood at Rs 382.9 crore, up 45.92 per cent from the same quarter a year ago.