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DEEPAK NITRITE
PE (Price/Earnings) Ratio

The Current P/E Ratio of DEEPAK NITRITE is 35.49.

Share Price ₹1,948.1Feb 24,2025
Market Cap ₹26,571.4 Cr
Earnings-TTM₹748.7 CrTTM-Consolidated Results
Price/Earnings35.49xCalculated 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 [ ₹26,571.4 Cr] as on Feb 24,2025

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

(=) P/E Ratio [ 35.49x ]

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 35.49 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 35.49x.

- 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 748.7035.4926,571.4
PIDILITE INDUSTRIES LTD1,977.4071.06140,509.0
SRF LTD1,146.9371.2781,743.6
SOLAR INDUSTRIES INDIA LTD1,173.8468.3480,223.0
GUJARAT FLUOROCHEMICALS LTD455.9790.3641,201.4
GODREJ INDUSTRIES LTD1,519.0224.4537,142.1
TATA CHEMICALS LTD-538.00-39.5821,295.1
HIMADRI SPECIALITY CHEMICAL LTD514.8142.7622,015.7
NAVIN FLUORINE INTERNATIONAL LTD264.0073.4319,385.3
VINATI ORGANICS LTD386.3641.4216,001.8
ATUL LTD414.3738.9716,147.8

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

Top 10 Industry PeersPE Ratio
Min industry PE -39.58x
Max industry PE 90.36x
Median industry PE 42.76x
Average industry PE 47.09x



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