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PLASTIBLENDS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of PLASTIBLENDS INDIA is 18.69.

Share Price ₹248.0Nov 19,2024
Market Cap ₹644.8 Cr
Earnings-TTM₹34.5 CrTTM-Standalone Results
Price/Earnings18.69xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PLASTIBLENDS INDIA

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 PLASTIBLENDS INDIA is calculated as :

Current Market Cap [ ₹644.8 Cr] as on Nov 19,2024

(/) Earnings [ ₹34.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 18.69x ]

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

Thus, for PLASTIBLENDS INDIA , the investors are currently willing to pay 18.69 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 PLASTIBLENDS INDIA !

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 PLASTIBLENDS INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of PLASTIBLENDS INDIA


PE Ratio Performance Analysis for PLASTIBLENDS INDIA

- PLASTIBLENDS INDIA 's latest p/e ratio is 18.69x.

- PLASTIBLENDS INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 14.00x.

- PLASTIBLENDS INDIA 's operated at median p/e ratio of 14.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PLASTIBLENDS INDIA 's p/e ratio peaked in Mar2024 at 17.38x.

- PLASTIBLENDS INDIA 's p/e ratio hit its five-year low in Mar2020 of 8.06x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PLASTIBLENDS INDIA 34.5018.69644.8
PIDILITE INDUSTRIES LTD1,930.5579.06152,637.0
SOLAR INDUSTRIES INDIA LTD1,060.5785.1790,324.0
SRF LTD1,129.2857.7165,174.9
GUJARAT FLUOROCHEMICALS LTD410.06104.2742,757.5
DEEPAK NITRITE LTD852.6142.7536,449.0
TATA CHEMICALS LTD-351.00-77.4927,200.3
GODREJ INDUSTRIES LTD1,358.8125.4634,596.2
AARTI INDUSTRIES LTD445.0035.4215,762.3
ATUL LTD370.5157.9021,451.4
VINATI ORGANICS LTD369.6049.7018,371.1

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

Top 10 Industry PeersPE Ratio
Min industry PE -77.49x
Max industry PE 104.27x
Median industry PE 49.70x
Average industry PE 43.51x



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