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DECCAN CEMENTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of DECCAN CEMENTS is 19.41.

Share Price ₹612.2Apr 19,2024
Market Cap ₹857.0 Cr
Earnings-TTM₹44.2 CrTTM-Standalone Results
Price/Earnings19.41xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DECCAN CEMENTS

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 DECCAN CEMENTS is calculated as :

Current Market Cap [ ₹857.0 Cr] as on Apr 19,2024

(/) Earnings [ ₹44.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 19.41x ]

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

Thus, for DECCAN CEMENTS , the investors are currently willing to pay 19.41 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 DECCAN CEMENTS !

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 DECCAN CEMENTS over the last five years.

Historical PE (Price/Earnings) ratio chart of DECCAN CEMENTS


PE Ratio Performance Analysis for DECCAN CEMENTS

- DECCAN CEMENTS 's latest p/e ratio is 19.41x.

- DECCAN CEMENTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.59x.

- DECCAN CEMENTS 's operated at median p/e ratio of 8.86x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DECCAN CEMENTS 's p/e ratio peaked in Mar2019 at 12.68x.

- DECCAN CEMENTS 's p/e ratio hit its five-year low in Mar2020 of 4.63x.


How does DECCAN CEMENTS 's P/E Ratio benchmark against top 10 peers in Cement & Construction Materials Industry?

Peer Comparison (Cement & Construction Materials Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DECCAN CEMENTS 44.1519.41857.0
ULTRATECH CEMENT LTD6,401.0742.25270,434.0
AMBUJA CEMENTS LTD3,951.8041.26163,037.0
SHREE CEMENT LTD2,245.6239.1487,893.6
ACC LTD1,613.0328.0245,196.6
DALMIA BHARAT LTD613.0059.4536,445.2
JK CEMENT LTD685.5046.8332,099.2
THE RAMCO CEMENTS LTD414.3845.5718,882.1
NUVOCO VISTAS CORPORATION LTD248.0847.0311,668.3
JK LAKSHMI CEMENT LTD440.5921.389,418.3
STAR CEMENT LTD303.5630.389,223.4

Cement & Construction Materials Industry Benchmark (Top 10) PE Analysis vs DECCAN CEMENTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.41x
Max industry PE 59.45x
Median industry PE 41.26x
Average industry PE 38.25x



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