TIDE WATER OIL COMPANY (INDIA)
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The Current P/E Ratio of TIDE WATER OIL COMPANY (INDIA) is 23.24.
Share Price | ₹1,707.7 | Nov 21,2024 |
Market Cap | ₹2,971.3 Cr | |
Earnings-TTM | ₹127.9 Cr | TTM-Consolidated Results |
Price/Earnings | 23.24x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of TIDE WATER OIL COMPANY (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,971.3 Cr] as on Nov 21,2024
(/) Earnings [ ₹127.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.24x ]
Thus, for TIDE WATER OIL COMPANY (INDIA) , the investors are currently willing to pay 23.24 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 TIDE WATER OIL COMPANY (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 TIDE WATER OIL COMPANY (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of TIDE WATER OIL COMPANY (INDIA)
PE Ratio Performance Analysis for TIDE WATER OIL COMPANY (INDIA)
- TIDE WATER OIL COMPANY (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 9.65x.
- TIDE WATER OIL COMPANY (INDIA) 's operated at median p/e ratio of 12.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TIDE WATER OIL COMPANY (INDIA) 's p/e ratio peaked in Mar2024 at 16.62x.
- TIDE WATER OIL COMPANY (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 1.78x.
How does TIDE WATER OIL COMPANY (INDIA) 's P/E Ratio benchmark against top 10 peers in Lubricants Industry?
Peer Comparison (Lubricants Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TIDE WATER OIL COMPANY (INDIA) | 127.87 | 23.24 | 2,971.3 |
CASTROL INDIA LTD | 897.78 | 20.51 | 18,417.5 |
GULF OIL LUBRICANTS INDIA LTD | 333.68 | 15.29 | 5,103.3 |
SAVITA OIL TECHNOLOGIES LTD | 169.04 | 19.36 | 3,273.1 |
PANAMA PETROCHEM LTD | 196.60 | 9.57 | 1,880.8 |
GP PETROLEUMS LTD | 24.60 | 12.72 | 313.0 |
Lubricants Industry Benchmark (Top 10) PE Analysis vs TIDE WATER OIL COMPANY (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.57x |
Max industry PE | 23.24x |
Median industry PE | 19.36x |
Average industry PE | 16.78x |
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