Share the post "Shareholding Pattern: Shareholding Pattern Pidilite Industries Ltd. An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Pidilite Industries Ltd. has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 35.52 | 35.49 | 69.84 | 69.77 | -0.07 % |
| Public | 15.34 | 15.37 | 10.35 | 9.98 | -0.37 % |
| DII | 4.23 | 4.55 | 8.32 | 8.94 | +0.62 % |
| FII | 5.85 | 5.75 | 11.49 | 11.31 | -0.18 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 69.84% in December 2023 to 69.77% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public decreased from 10.35% in December 2023 to 9.98% in March 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding increased from 8.32% in December 2023 to 8.94% in March 2024 , indicating that domestic institutions increased their stake in the company by 0.62% . FIIs (Foreign Institutional Investors) shareholding decreased from 11.49% in December 2023 to 11.31% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| Mala Madhukar Parekh | 0.648 | 1.006 | 1.27 | 1.98 | + 0.71 % |
| Rashmikant Himatlal Parekh | 0.323 | 0.322 | 0.64 | 0.63 | -0.01 % |
| Kamalini Rashmikant Parekh | 0.110 | 0.109 | 0.22 | 0.21 | -0.01 % |
| Prakash Dharshibhai Shah Trustee of I M Family Trust | 0.358 | 0.000 | 0.7 | 0 | -0.7 % |
| Maithili Apurva Parekh | 0.236 | 0.204 | 0.46 | 0.4 | -0.06 % |
Mala Madhukar Parekh has showcased a remarkable improvement in profitability for this quarter, registering a significant increase of 0.71 % in net profit. This signifies adept cost management strategies, amplified revenue streams, or a harmonious blend of both, underscoring the shareholder’s positive impact on the company’s financial health.Rashmikant Himatlal Parekh faced a downturn in profitability this quarter, witnessing a decline of -0.01 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.Kamalini Rashmikant Parekh faced a downturn in profitability this quarter, witnessing a decline of -0.01 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.Prakash Dharshibhai Shah Trustee of I M Family Trust faced a downturn in profitability this quarter, witnessing a decline of -0.7 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.Maithili Apurva Parekh faced a downturn in profitability this quarter, witnessing a decline of -0.06 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 4.322 | 4.162 | 8.5 | 8.18 | -0.32 % |
| Bodies Corporate | 0.239 | 0.228 | 0.47 | 0.45 | -0.02 % |
| Any Other (specify) | 0.197 | 0.187 | 0.39 | 0.37 | -0.02 % |
| HUF | 0.146 | 0.140 | 0.29 | 0.27 | -0.02 % |
Observations indicate a sizeable -0.32 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.02 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 1.774 | 1.833 | 3.49 | 3.6 | + 0.11 % |
| Axis Mutual funds & various Schemes | 1.233 | 1.156 | 2.42 | 2.27 | -0.15 % |
| Banks | 0.031 | 0.001 | 0.06 | 0 | -0.06 % |
| Insurance Companies | 2.318 | 2.577 | 4.56 | 5.07 | + 0.51 % |
| Life Insurance Corporation Of India | 1.958 | 2.127 | 3.85 | 4.18 | + 0.33 % |
| Provident Funds/ Pension Funds | 0.077 | 0.101 | 0.15 | 0.2 | + 0.05 % |
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 0.11 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Axis Mutual funds & various Schemes decreased their stake from 2.27% in the previous quarter to 2.42% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.15 %.Banks decreased their stake from 0% in the previous quarter to 0.06% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.06 %.The latest quarter saw a considerable enhancement in profitability for Insurance Companies, reflecting an uptick of 0.51 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Life Insurance Corporation Of India, reflecting an uptick of 0.33 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Provident Funds/ Pension Funds, reflecting an uptick of 0.05 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 5.741 | 5.620 | 11.29 | 11.05 | -0.24 % |
| Foreign Portfolio Investors Category II | 0.104 | 0.130 | 0.2 | 0.26 | + 0.06 % |
| New World Fund Inc | 0.538 | 0 | 1.06 | 0 | -1.06% |
Profitability dwindled by -0.24 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.06 % in net profit.New World Fund Inc had 1.06% of shares in the previous quarter but exited in the current quarter.
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