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JYOTI RESINS & ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JYOTI RESINS & ADHESIVES is 24.04.

Share Price ₹1,407.6Nov 22,2024
Market Cap ₹1,689.1 Cr
Earnings-TTM₹70.3 CrTTM-Standalone Results
Price/Earnings24.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JYOTI RESINS & ADHESIVES

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 JYOTI RESINS & ADHESIVES is calculated as :

Current Market Cap [ ₹1,689.1 Cr] as on Nov 22,2024

(/) Earnings [ ₹70.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.04x ]

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

Thus, for JYOTI RESINS & ADHESIVES , the investors are currently willing to pay 24.04 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 JYOTI RESINS & ADHESIVES !

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 JYOTI RESINS & ADHESIVES over the last five years.

Historical PE (Price/Earnings) ratio chart of JYOTI RESINS & ADHESIVES


PE Ratio Performance Analysis for JYOTI RESINS & ADHESIVES

- JYOTI RESINS & ADHESIVES 's latest p/e ratio is 24.04x.

- JYOTI RESINS & ADHESIVES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 16.14x.

- JYOTI RESINS & ADHESIVES 's operated at median p/e ratio of 14.86x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JYOTI RESINS & ADHESIVES 's p/e ratio peaked in Mar2023 at 32.84x.

- JYOTI RESINS & ADHESIVES 's p/e ratio hit its five-year low in Mar2020 of 1.89x.


How does JYOTI RESINS & ADHESIVES 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JYOTI RESINS & ADHESIVES 70.2624.041,689.1
PIDILITE INDUSTRIES LTD1,930.5577.95150,478.0
SOLAR INDUSTRIES INDIA LTD1,060.5785.5890,766.5
SRF LTD1,129.2856.8564,201.2
GUJARAT FLUOROCHEMICALS LTD410.06102.1441,885.3
DEEPAK NITRITE LTD852.6142.7236,422.4
TATA CHEMICALS LTD-351.00-77.6227,243.6
GODREJ INDUSTRIES LTD1,358.8125.4734,611.4
AARTI INDUSTRIES LTD445.0035.1015,617.3
ATUL LTD370.5157.7021,377.7
VINATI ORGANICS LTD369.6051.7619,132.0

Chemicals Industry Benchmark (Top 10) PE Analysis vs JYOTI RESINS & ADHESIVES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -77.62x
Max industry PE 102.14x
Median industry PE 51.76x
Average industry PE 43.79x



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