VERITAS (INDIA)
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The Current P/E Ratio of VERITAS (INDIA) is 11.57.
Share Price | ₹884.7 | Nov 19,2024 |
Market Cap | ₹2,370.9 Cr | |
Earnings-TTM | ₹204.8 Cr | TTM-Consolidated Results |
Price/Earnings | 11.57x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,370.9 Cr] as on Nov 19,2024
(/) Earnings [ ₹204.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 11.57x ]
Thus, for VERITAS (INDIA) , the investors are currently willing to pay 11.57 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 VERITAS (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 VERITAS (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of VERITAS (INDIA)
PE Ratio Performance Analysis for VERITAS (INDIA)
- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.92x.
- VERITAS (INDIA) 's operated at median p/e ratio of 2.97x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VERITAS (INDIA) 's p/e ratio peaked in Mar2024 at 15.36x.
- VERITAS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0.59x.
How does VERITAS (INDIA) 's P/E Ratio benchmark against top 10 peers in Trading Industry?
Peer Comparison (Trading Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
VERITAS (INDIA) | 204.84 | 11.57 | 2,370.9 |
ADANI ENTERPRISES LTD | 5,730.28 | 43.96 | 251,906.0 |
REDINGTON LTD | 1,171.69 | 12.78 | 14,971.0 |
HONASA CONSUMER LTD | 78.06 | 98.79 | 7,711.3 |
MMTC LTD | 124.49 | 88.80 | 11,055.0 |
MSTC LTD | 208.02 | 20.85 | 4,336.3 |
LLOYDS ENTERPRISES LTD | 185.79 | 30.10 | 5,592.3 |
NOVARTIS INDIA LTD | 87.40 | 28.94 | 2,529.2 |
OPTIEMUS INFRACOM LTD | 62.34 | 83.47 | 5,203.0 |
MISHTANN FOODS LTD | 9.86 | 151.77 | 1,495.7 |
SIRCA PAINTS INDIA LTD | 46.51 | 37.97 | 1,765.9 |
Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 11.57x |
Max industry PE | 151.77x |
Median industry PE | 37.97x |
Average industry PE | 55.36x |
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