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Torrent Pharma shares up 1.12% as Nifty drops

NEW DELHI: Shares of Torrent Pharmaceuticals Ltd. traded 1.12 per cent up in Monday’s trade at 10:51AM (IST). Around 2,883 shares changed hands on the counter.

The counter opened at Rs 2890.0 and touched an intraday high and low of Rs 2933.2 and Rs 2865.2, respectively, in the session so far. The stock of Torrent Pharmaceuticals Ltd. quoted a 52-week high of Rs 3040.0 and a 52-week low of Rs 2232.0.

Total market cap of the Torrent Pharmaceuticals Ltd. stood at Rs 49559.41 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 1976.0 crore for the quarter ended 31-Mar-2021, down 1.35 per cent from previous quarter’s Rs 2003.0 crore and down 0.76 per cent from the year-ago quarter’s Rs 1961.0 crore.

The net profit for latest quarter stood at Rs 324.0 crore, up 3.18 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, domestic institutional investors held 6.47 per cent stake in the company, while foreign institutional investors held 12.94 per cent and the promoters 71.25 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 39.58 and a price-to-book ratio of 6.92. 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.

Torrent Pharmaceuticals Ltd. belongs to the Pharma – Indian industry.

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