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DE NORA INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of DE NORA INDIA is 34.53.

Share Price ₹794.5Sep 11,2026
Market Cap ₹421.1 Cr
Earnings-TTM₹12.2 CrTTM-Standalone Results
Price/Earnings34.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DE NORA INDIA

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 DE NORA INDIA is calculated as :

Current Market Cap [ ₹421.1 Cr] as on Sep 11,2026

(/) Earnings [ ₹12.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 34.53x ]

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

Thus, for DE NORA INDIA , the investors are currently willing to pay 34.53 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 DE NORA 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 DE NORA INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of DE NORA INDIA


PE Ratio Performance Analysis for DE NORA INDIA

- DE NORA INDIA 's latest p/e ratio is 34.53x.

- DE NORA INDIA 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 66.94x.

- DE NORA INDIA 's operated at median p/e ratio of 39.78x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DE NORA INDIA 's p/e ratio peaked in Mar2025 at 213.41x.

- DE NORA INDIA 's p/e ratio hit its five-year low in Mar2022 of 13.73x.


How does DE NORA INDIA 's P/E Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?

Peer Comparison (Electrodes & Welding Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DE NORA INDIA 12.2034.53421.1
GRAPHITE INDIA LTD209.0077.0516,102.9
HEG LTD224.1720.464,586.1
ESAB INDIA LTD221.8940.839,059.4
ADOR WELDING LTD113.5324.502,781.6
DIFFUSION ENGINEERS LTD49.1434.301,685.5
GEE LTD18.8736.37686.1
D&H INDIA LTD8.3124.00199.4
PANASONIC CARBON INDIA COMPANY LTD19.2010.82207.8

Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs DE NORA INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.82x
Max industry PE 77.05x
Median industry PE 34.30x
Average industry PE 33.65x



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