JYOTI RESINS & ADHESIVES
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The Current P/E Ratio of JYOTI RESINS & ADHESIVES is 24.04.
Share Price | ₹1,407.6 | Nov 22,2024 |
Market Cap | ₹1,689.1 Cr | |
Earnings-TTM | ₹70.3 Cr | TTM-Standalone Results |
Price/Earnings | 24.04x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JYOTI RESINS & ADHESIVES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
JYOTI RESINS & ADHESIVES | 70.26 | 24.04 | 1,689.1 |
PIDILITE INDUSTRIES LTD | 1,930.55 | 77.95 | 150,478.0 |
SOLAR INDUSTRIES INDIA LTD | 1,060.57 | 85.58 | 90,766.5 |
SRF LTD | 1,129.28 | 56.85 | 64,201.2 |
GUJARAT FLUOROCHEMICALS LTD | 410.06 | 102.14 | 41,885.3 |
DEEPAK NITRITE LTD | 852.61 | 42.72 | 36,422.4 |
TATA CHEMICALS LTD | -351.00 | -77.62 | 27,243.6 |
GODREJ INDUSTRIES LTD | 1,358.81 | 25.47 | 34,611.4 |
AARTI INDUSTRIES LTD | 445.00 | 35.10 | 15,617.3 |
ATUL LTD | 370.51 | 57.70 | 21,377.7 |
VINATI ORGANICS LTD | 369.60 | 51.76 | 19,132.0 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs JYOTI RESINS & ADHESIVES 's P/E Ratio
Top 10 Industry Peers | PE 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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