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ASHAPURA MINECHEM
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASHAPURA MINECHEM is 14.51.

Share Price ₹318.6May 03,2024
Market Cap ₹2,915.2 Cr
Earnings-TTM₹200.9 CrTTM-Consolidated Results
Price/Earnings14.51xCalculated 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 [ ₹2,915.2 Cr] as on May 03,2024

(/) Earnings [ ₹200.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.51x ]

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 14.51 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 14.51x.

- ASHAPURA MINECHEM 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.60x.

- ASHAPURA MINECHEM 's operated at median p/e ratio of 8.75x 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 Mar2019 of 0x.


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 200.9414.512,915.2
COAL INDIA LTD32,062.209.13292,606.0
NMDC LTD6,433.4912.2678,862.6
KIOCL LTD41.81645.6926,996.3
GUJARAT MINERAL DEVELOPMENT CORPORATION LTD860.2416.5814,267.1
SANDUR MANGANESE & IRON ORES LTD250.4533.178,307.5
MOIL LTD283.1432.079,081.5
RAGHAV PRODUCTIVITY ENHANCERS LTD25.1855.641,400.9
20 MICRONS LTD51.7211.59599.3

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.13x
Max industry PE 645.69x
Median industry PE 16.58x
Average industry PE 92.29x



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