DEEPAK NITRITE
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The Current P/E Ratio of DEEPAK NITRITE is 42.75.
Share Price | ₹2,672.4 | Nov 19,2024 |
Market Cap | ₹36,450.9 Cr | |
Earnings-TTM | ₹852.6 Cr | TTM-Consolidated Results |
Price/Earnings | 42.75x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of DEEPAK NITRITE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹36,450.9 Cr] as on Nov 19,2024
(/) Earnings [ ₹852.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 42.75x ]
Thus, for DEEPAK NITRITE , the investors are currently willing to pay 42.75 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of DEEPAK NITRITE !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of DEEPAK NITRITE over the last five years.
Historical PE (Price/Earnings) ratio chart of DEEPAK NITRITE
PE Ratio Performance Analysis for DEEPAK NITRITE
- DEEPAK NITRITE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 26.34x.
- DEEPAK NITRITE 's operated at median p/e ratio of 29.13x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, DEEPAK NITRITE 's p/e ratio peaked in Mar2024 at 35.69x.
- DEEPAK NITRITE 's p/e ratio hit its five-year low in Mar2020 of 8.68x.
How does DEEPAK NITRITE 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?
Peer Comparison (Chemicals Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
DEEPAK NITRITE | 852.61 | 42.75 | 36,450.9 |
PIDILITE INDUSTRIES LTD | 1,930.55 | 77.40 | 149,420.0 |
SOLAR INDUSTRIES INDIA LTD | 1,060.57 | 85.04 | 90,193.2 |
SRF LTD | 1,129.28 | 56.23 | 63,501.6 |
GUJARAT FLUOROCHEMICALS LTD | 410.06 | 102.70 | 42,112.1 |
TATA CHEMICALS LTD | -351.00 | -75.80 | 26,606.8 |
GODREJ INDUSTRIES LTD | 1,358.81 | 24.80 | 33,703.8 |
AARTI INDUSTRIES LTD | 445.00 | 34.68 | 15,430.6 |
ATUL LTD | 370.51 | 57.64 | 21,354.8 |
VINATI ORGANICS LTD | 369.60 | 50.17 | 18,543.7 |
HIMADRI SPECIALITY CHEMICAL LTD | 482.44 | 49.26 | 23,765.8 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs DEEPAK NITRITE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -75.80x |
Max industry PE | 102.70x |
Median industry PE | 50.17x |
Average industry PE | 45.90x |
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