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PIDILITE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PIDILITE INDUSTRIES is 86.68.

Share Price ₹2,984.9May 17,2024
Market Cap ₹151,812.0 Cr
Earnings-TTM₹1,751.5 CrTTM-Consolidated Results
Price/Earnings86.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PIDILITE INDUSTRIES

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 PIDILITE INDUSTRIES is calculated as :

Current Market Cap [ ₹151,812.0 Cr] as on May 17,2024

(/) Earnings [ ₹1,751.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 86.68x ]

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

Thus, for PIDILITE INDUSTRIES , the investors are currently willing to pay 86.68 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 PIDILITE INDUSTRIES !

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 PIDILITE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PIDILITE INDUSTRIES


PE Ratio Performance Analysis for PIDILITE INDUSTRIES

- PIDILITE INDUSTRIES 's latest p/e ratio is 86.68x.

- PIDILITE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 81.72x.

- PIDILITE INDUSTRIES 's operated at median p/e ratio of 81.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PIDILITE INDUSTRIES 's p/e ratio peaked in Mar2022 at 103.35x.

- PIDILITE INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 61.74x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PIDILITE INDUSTRIES 1,751.4786.68151,812.0
SOLAR INDUSTRIES INDIA LTD874.8892.9081,277.3
SRF LTD1,335.7150.5967,578.9
GUJARAT FLUOROCHEMICALS LTD434.9581.7835,571.1
DEEPAK NITRITE LTD790.8742.6433,724.5
TATA CHEMICALS LTD381.0072.4927,618.1
GODREJ INDUSTRIES LTD648.4341.2826,770.3
AARTI INDUSTRIES LTD417.0054.6322,779.8
ATUL LTD314.4256.2417,682.7
VINATI ORGANICS LTD348.4848.2616,816.1
HIMADRI SPECIALITY CHEMICAL LTD410.6841.9017,205.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 41.28x
Max industry PE 92.90x
Median industry PE 54.63x
Average industry PE 60.85x



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