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DEEPAK NITRITE
PE (Price/Earnings) Ratio

The Current P/E Ratio of DEEPAK NITRITE is 34.58.

Share Price ₹1,898.0Feb 18,2025
Market Cap ₹25,888.7 Cr
Earnings-TTM₹748.7 CrTTM-Consolidated Results
Price/Earnings34.58xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DEEPAK NITRITE

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of DEEPAK NITRITE is calculated as :

Current Market Cap [ ₹25,888.7 Cr] as on Feb 18,2025

(/) Earnings [ ₹748.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 34.58x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for DEEPAK NITRITE , the investors are currently willing to pay 34.58 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 latest p/e ratio is 34.58x.

- 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 RatioMarket Cap
DEEPAK NITRITE 748.7034.5825,888.7
PIDILITE INDUSTRIES LTD1,977.4071.15140,687.0
SOLAR INDUSTRIES INDIA LTD1,173.8466.3677,892.0
SRF LTD1,146.9370.8581,261.9
GUJARAT FLUOROCHEMICALS LTD455.9788.1440,189.2
TATA CHEMICALS LTD-538.00-40.5721,827.5
GODREJ INDUSTRIES LTD1,519.0218.6628,346.1
AARTI INDUSTRIES LTD367.0040.4914,859.7
ATUL LTD414.3738.3115,873.4
VINATI ORGANICS LTD386.3641.8716,176.5
HIMADRI SPECIALITY CHEMICAL LTD514.8139.7220,448.3

Chemicals Industry Benchmark (Top 10) PE Analysis vs DEEPAK NITRITE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -40.57x
Max industry PE 88.14x
Median industry PE 40.49x
Average industry PE 42.69x



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