MEGHMANI ORGANICS
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The Current P/E Ratio of MEGHMANI ORGANICS is -30.30.
Share Price | ₹105.2 | Sep 06,2024 |
Market Cap | ₹2,675.2 Cr | |
Earnings-TTM | ₹-88.3 Cr | TTM-Consolidated Results |
Price/Earnings | -30.30x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MEGHMANI ORGANICS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,675.2 Cr] as on Sep 06,2024
(/) Earnings [ ₹-88.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -30.30x ]
Thus, for MEGHMANI ORGANICS , the investors are currently willing to pay -30.30 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 MEGHMANI ORGANICS !
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 MEGHMANI ORGANICS over the last five years.
Historical PE (Price/Earnings) ratio chart of MEGHMANI ORGANICS
PE Ratio Performance Analysis for MEGHMANI ORGANICS
- MEGHMANI ORGANICS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.40x.
- MEGHMANI ORGANICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MEGHMANI ORGANICS 's p/e ratio peaked in Mar2022 at 8.71x.
- MEGHMANI ORGANICS 's p/e ratio hit its five-year low in Mar2024 of 0x.
How does MEGHMANI ORGANICS 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?
Peer Comparison (Chemicals Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MEGHMANI ORGANICS | -88.29 | -30.30 | 2,675.2 |
PIDILITE INDUSTRIES LTD | 1,848.91 | 89.03 | 164,600.0 |
SOLAR INDUSTRIES INDIA LTD | 971.66 | 102.44 | 99,541.3 |
SRF LTD | 1,228.64 | 60.55 | 74,396.7 |
GUJARAT FLUOROCHEMICALS LTD | 341.80 | 122.43 | 41,846.3 |
DEEPAK NITRITE LTD | 863.48 | 46.29 | 39,967.9 |
TATA CHEMICALS LTD | -67.00 | -401.77 | 26,918.8 |
GODREJ INDUSTRIES LTD | 1,081.92 | 37.72 | 40,807.6 |
AARTI INDUSTRIES LTD | 484.00 | 45.30 | 21,926.8 |
ATUL LTD | 323.12 | 71.88 | 23,225.4 |
VINATI ORGANICS LTD | 349.41 | 57.23 | 19,996.1 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs MEGHMANI ORGANICS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -401.77x |
Max industry PE | 122.43x |
Median industry PE | 57.23x |
Average industry PE | 18.25x |
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