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MEGHMANI ORGANICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MEGHMANI ORGANICS is -28.55.

Share Price ₹92.3Nov 22,2024
Market Cap ₹2,347.2 Cr
Earnings-TTM₹-82.2 CrTTM-Consolidated Results
Price/Earnings-28.55xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MEGHMANI ORGANICS

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 MEGHMANI ORGANICS is calculated as :

Current Market Cap [ ₹2,347.2 Cr] as on Nov 22,2024

(/) Earnings [ ₹-82.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -28.55x ]

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

Thus, for MEGHMANI ORGANICS , the investors are currently willing to pay -28.55 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 latest p/e ratio is -28.55x.

- 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 RatioMarket Cap
MEGHMANI ORGANICS -82.22-28.552,347.2
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 MEGHMANI ORGANICS '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 39.01x



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