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VEEDOL CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of VEEDOL CORPORATION is 19.48.

Share Price ₹1,419.8Mar 05,2025
Market Cap ₹2,470.5 Cr
Earnings-TTM₹126.8 CrTTM-Consolidated Results
Price/Earnings19.48xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VEEDOL CORPORATION

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 VEEDOL CORPORATION is calculated as :

Current Market Cap [ ₹2,470.5 Cr] as on Mar 05,2025

(/) Earnings [ ₹126.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.48x ]

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

Thus, for VEEDOL CORPORATION , the investors are currently willing to pay 19.48 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 VEEDOL CORPORATION !

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 VEEDOL CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of VEEDOL CORPORATION


PE Ratio Performance Analysis for VEEDOL CORPORATION

- VEEDOL CORPORATION 's latest p/e ratio is 19.48x.

- VEEDOL CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 9.65x.

- VEEDOL CORPORATION '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, VEEDOL CORPORATION 's p/e ratio peaked in Mar2024 at 16.62x.

- VEEDOL CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 1.78x.


How does VEEDOL CORPORATION 's P/E Ratio benchmark against top 10 peers in Lubricants Industry?

Peer Comparison (Lubricants Industry)Earnings-TTM (Cr)PE RatioMarket Cap
VEEDOL CORPORATION 126.8419.482,470.5
CASTROL INDIA LTD927.2323.7121,988.2
GULF OIL LUBRICANTS INDIA LTD351.2416.635,839.9
SAVITA OIL TECHNOLOGIES LTD114.1722.812,604.3
PANAMA PETROCHEM LTD203.7410.822,204.1
GANDHAR OIL REFINERY (INDIA) LTD83.4416.051,339.0
GP PETROLEUMS LTD24.808.40208.3

Lubricants Industry Benchmark (Top 10) PE Analysis vs VEEDOL CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 8.40x
Max industry PE 23.71x
Median industry PE 16.63x
Average industry PE 16.84x



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