Pidilite Industries trades with traction on the bourses

01 Jun 2012

Pidilite Industries is currently trading at Rs. 166.00, up by 2.55 points or 1.56% from its previous closing of Rs. 163.45 on the BSE.

The scrip opened at Rs. 166.05 and has touched a high and low of Rs. 169.80 and Rs. 165.00 respectively. So far 9983 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 187.75 on 02-May-2012 and a 52 week low of Rs. 133.55 on 02-Feb-2012.

Last one week high and low of the scrip stood at Rs. 171.95 and Rs. 159.10 respectively. The current market cap of the company is Rs. 8376.20 crore.

The promoters holding in the company stood at 70.75% while Institutions and Non-Institutions held 18.22% and 11.03% respectively.

The Company’s net profit for the fourth quarter ended March 31, 2012 zoomed by 142.78% at Rs 70.99 crore as compared to Rs 29.24 crore for the similar quarter a period ago. Its total income has increased by 17.57% to Rs 667.07 crore for the quarter under review from Rs 567.38 crore for the March quarter of previous year.

For the Year ended March 31, 2012, the Company’s net profit grew by 10.08% at Rs 334.50 crore as compared to Rs 303.88 crore a period ago. Its total income has increased by 19.35% to Rs 2859.10 crore for the year from Rs 2395.60 crore for the year ended March 31, 2011.

On consolidated basis, the Group’s net profit after taxes, minority interest and share of profit in associates registered 38.49% growth at Rs 63.97 crore for the quarter as compared to Rs 46.19 crore for the corresponding quarter of the previous year. Group’s total income has increased by 15.03% at Rs 734.79 crore for January- March quarter, 2012 from Rs 638.74 crore for the similar quarter of the previous year.

For the full Year, the Group’s net profit after taxes, minority interest and share of profit in associates grew by 4.62% at Rs 324.38 crore as compared to Rs 310.05 crore for the previous year ended March 31, 2011. Its total income has increased by 17.97% to Rs 3170.05 crore for the year from Rs 2687.15 crore for the previous year.

Pidilite Industries’ board of directors at its meeting held on May 24, 2012, inter alia, has recommended a dividend of Rs 1.90 per equity share of Re 1 each (previous year Rs. 1.75 per Equity Share of Re 1 each). The dividend will be free of tax in the hands of the shareholders. Subject to the approval of the shareholders at the Annual General Meeting to be held on July 24, 2012, the dividend will be paid to the shareholders within a period of 30 days from the date of the Annual General Meeting.

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1297.85 0.00 (0.00%) Nov 19, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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