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FINE ORGANIC INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of FINE ORGANIC INDUSTRIES is 29.51.

Share Price ₹4,325.9Apr 23,2024
Market Cap ₹13,280.4 Cr
Earnings-TTM₹450.0 CrTTM-Consolidated Results
Price/Earnings29.51xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FINE ORGANIC INDUSTRIES

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 FINE ORGANIC INDUSTRIES is calculated as :

Current Market Cap [ ₹13,280.4 Cr] as on Apr 23,2024

(/) Earnings [ ₹450.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 29.51x ]

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

Thus, for FINE ORGANIC INDUSTRIES , the investors are currently willing to pay 29.51 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 FINE ORGANIC INDUSTRIES !

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 FINE ORGANIC INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of FINE ORGANIC INDUSTRIES


PE Ratio Performance Analysis for FINE ORGANIC INDUSTRIES

- FINE ORGANIC INDUSTRIES 's latest p/e ratio is 29.51x.

- FINE ORGANIC INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 38.03x.

- FINE ORGANIC INDUSTRIES 's operated at median p/e ratio of 35.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FINE ORGANIC INDUSTRIES 's p/e ratio peaked in Mar2021 at 58.17x.

- FINE ORGANIC INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 21.36x.


How does FINE ORGANIC INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FINE ORGANIC INDUSTRIES 449.9929.5113,280.4
PIDILITE INDUSTRIES LTD1,732.5285.61148,313.0
SOLAR INDUSTRIES INDIA LTD855.5491.4178,203.8
SRF LTD1,475.9552.5677,574.4
GUJARAT FLUOROCHEMICALS LTD665.8761.3840,874.1
DEEPAK NITRITE LTD790.8740.8732,323.8
TATA CHEMICALS LTD1,891.0015.0228,397.7
GODREJ INDUSTRIES LTD625.2046.0428,785.4
AARTI INDUSTRIES LTD434.0061.8526,841.6
ATUL LTD349.6349.9117,449.7
VINATI ORGANICS LTD359.7147.7317,169.6

Chemicals Industry Benchmark (Top 10) PE Analysis vs FINE ORGANIC INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.02x
Max industry PE 91.41x
Median industry PE 49.91x
Average industry PE 52.90x



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