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NIKHIL ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of NIKHIL ADHESIVES is 24.73.

Share Price ₹88.4Apr 03,2025
Market Cap ₹405.5 Cr
Earnings-TTM₹16.4 CrTTM-Standalone Results
Price/Earnings24.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NIKHIL 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 NIKHIL ADHESIVES is calculated as :

Current Market Cap [ ₹405.5 Cr] as on Apr 03,2025

(/) Earnings [ ₹16.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.73x ]

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

Thus, for NIKHIL ADHESIVES , the investors are currently willing to pay 24.73 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 NIKHIL 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 NIKHIL ADHESIVES over the last five years.

Historical PE (Price/Earnings) ratio chart of NIKHIL ADHESIVES


PE Ratio Performance Analysis for NIKHIL ADHESIVES

- NIKHIL ADHESIVES 's latest p/e ratio is 24.73x.

- NIKHIL ADHESIVES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 14.47x.

- NIKHIL ADHESIVES 's operated at median p/e ratio of 1.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NIKHIL ADHESIVES 's p/e ratio peaked in Mar2024 at 43.03x.

- NIKHIL ADHESIVES 's p/e ratio hit its five-year low in Mar2020 of 0.64x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NIKHIL ADHESIVES 16.4024.73405.5
PIDILITE INDUSTRIES LTD1,977.4073.63145,596.0
SRF LTD1,146.9374.9285,926.1
SOLAR INDUSTRIES INDIA LTD1,173.8487.06102,200.0
GUJARAT FLUOROCHEMICALS LTD455.9793.2842,531.2
GODREJ INDUSTRIES LTD1,519.0224.5637,300.4
DEEPAK NITRITE LTD748.7036.5127,331.8
TATA CHEMICALS LTD-538.00-40.2221,636.4
HIMADRI SPECIALITY CHEMICAL LTD514.8143.7922,546.1
NAVIN FLUORINE INTERNATIONAL LTD264.0078.7020,778.0
VINATI ORGANICS LTD386.3641.7116,114.8

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

Top 10 Industry PeersPE Ratio
Min industry PE -40.22x
Max industry PE 93.28x
Median industry PE 43.79x
Average industry PE 48.97x



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