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ASHAPURA MINECHEM
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASHAPURA MINECHEM is 10.71.

Share Price ₹431.4Nov 04,2026
Market Cap ₹4,119.9 Cr
Earnings-TTM₹384.5 CrTTM-Consolidated Results
Price/Earnings10.71xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASHAPURA MINECHEM

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 ASHAPURA MINECHEM is calculated as :

Current Market Cap [ ₹4,119.9 Cr] as on Nov 04,2026

(/) Earnings [ ₹384.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 10.71x ]

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

Thus, for ASHAPURA MINECHEM , the investors are currently willing to pay 10.71 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 ASHAPURA MINECHEM !

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 ASHAPURA MINECHEM over the last five years.

Historical PE (Price/Earnings) ratio chart of ASHAPURA MINECHEM


PE Ratio Performance Analysis for ASHAPURA MINECHEM

- ASHAPURA MINECHEM 's latest p/e ratio is 10.71x.

- ASHAPURA MINECHEM 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 11.35x.

- ASHAPURA MINECHEM 's operated at median p/e ratio of 11.61x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASHAPURA MINECHEM 's p/e ratio peaked in Mar2022 at 13.45x.

- ASHAPURA MINECHEM 's p/e ratio hit its five-year low in Mar2023 of 8.75x.


How does ASHAPURA MINECHEM 's P/E Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASHAPURA MINECHEM 384.5410.714,119.9
COAL INDIA LTD32,531.807.57246,139.0
NMDC LTD7,453.698.2461,437.2
KIOCL LTD38.88530.1420,611.9
GUJARAT MINERAL DEVELOPMENT CORPORATION LTD661.6422.5314,907.8
SANDUR MANGANESE & IRON ORES LTD720.5812.198,786.3
MOIL LTD294.9315.034,432.9
DECCAN GOLD MINES LTD-60.58-61.753,740.7
THE ORISSA MINERALS DEVELOPMENT COMPANY LTD3.33604.782,013.3
20 MICRONS LTD64.669.88638.7
ASI INDUSTRIES LTD26.607.40197.0

Mining & Minerals Industry Benchmark (Top 10) PE Analysis vs ASHAPURA MINECHEM 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -61.75x
Max industry PE 604.78x
Median industry PE 10.71x
Average industry PE 106.07x



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