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DEEPAK NITRITE
PE (Price/Earnings) Ratio

The Current P/E Ratio of DEEPAK NITRITE is 42.74.

Share Price ₹2,478.3Apr 26,2024
Market Cap ₹33,803.3 Cr
Earnings-TTM₹790.9 CrTTM-Consolidated Results
Price/Earnings42.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DEEPAK NITRITE

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 DEEPAK NITRITE is calculated as :

Current Market Cap [ ₹33,803.3 Cr] as on Apr 26,2024

(/) Earnings [ ₹790.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 42.74x ]

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

Thus, for DEEPAK NITRITE , the investors are currently willing to pay 42.74 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 DEEPAK NITRITE !

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 DEEPAK NITRITE over the last five years.

Historical PE (Price/Earnings) ratio chart of DEEPAK NITRITE


PE Ratio Performance Analysis for DEEPAK NITRITE

- DEEPAK NITRITE 's latest p/e ratio is 42.74x.

- DEEPAK NITRITE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.51x.

- DEEPAK NITRITE 's operated at median p/e ratio of 28.7x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DEEPAK NITRITE 's p/e ratio peaked in Mar2023 at 29.49x.

- DEEPAK NITRITE 's p/e ratio hit its five-year low in Mar2020 of 8.68x.


How does DEEPAK NITRITE 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DEEPAK NITRITE 790.8742.7433,803.3
PIDILITE INDUSTRIES LTD1,732.5287.53151,652.0
SOLAR INDUSTRIES INDIA LTD855.5492.9279,493.7
SRF LTD1,475.9552.9778,183.5
GUJARAT FLUOROCHEMICALS LTD665.8760.2640,128.2
TATA CHEMICALS LTD1,891.0015.1228,595.1
GODREJ INDUSTRIES LTD625.2046.8329,278.6
AARTI INDUSTRIES LTD434.0062.5927,162.4
ATUL LTD349.6349.9317,455.3
VINATI ORGANICS LTD359.7147.2316,989.2
HIMADRI SPECIALITY CHEMICAL LTD410.6844.6518,336.5

Chemicals Industry Benchmark (Top 10) PE Analysis vs DEEPAK NITRITE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.12x
Max industry PE 92.92x
Median industry PE 49.93x
Average industry PE 54.80x



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