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FINEOTEX CHEMICAL
PE (Price/Earnings) Ratio

The Current P/E Ratio of FINEOTEX CHEMICAL is 36.19.

Share Price ₹380.7Apr 24,2024
Market Cap ₹4,217.6 Cr
Earnings-TTM₹116.5 CrTTM-Consolidated Results
Price/Earnings36.19xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FINEOTEX CHEMICAL

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 FINEOTEX CHEMICAL is calculated as :

Current Market Cap [ ₹4,217.6 Cr] as on Apr 24,2024

(/) Earnings [ ₹116.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 36.19x ]

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

Thus, for FINEOTEX CHEMICAL , the investors are currently willing to pay 36.19 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 FINEOTEX CHEMICAL !

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 FINEOTEX CHEMICAL over the last five years.

Historical PE (Price/Earnings) ratio chart of FINEOTEX CHEMICAL


PE Ratio Performance Analysis for FINEOTEX CHEMICAL

- FINEOTEX CHEMICAL 's latest p/e ratio is 36.19x.

- FINEOTEX CHEMICAL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.07x.

- FINEOTEX CHEMICAL 's operated at median p/e ratio of 20.26x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FINEOTEX CHEMICAL 's p/e ratio peaked in Mar2022 at 36.15x.

- FINEOTEX CHEMICAL 's p/e ratio hit its five-year low in Mar2020 of 12.6x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
FINEOTEX CHEMICAL 116.5536.194,217.6
PIDILITE INDUSTRIES LTD1,732.5286.64150,106.0
SOLAR INDUSTRIES INDIA LTD855.5493.0879,629.4
SRF LTD1,475.9552.5377,525.5
GUJARAT FLUOROCHEMICALS LTD665.8760.4940,277.6
DEEPAK NITRITE LTD790.8741.2132,593.8
TATA CHEMICALS LTD1,891.0015.1728,695.8
GODREJ INDUSTRIES LTD625.2045.7528,601.9
AARTI INDUSTRIES LTD434.0062.4627,108.1
ATUL LTD349.6349.6817,368.3
VINATI ORGANICS LTD359.7147.2817,007.4

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

Top 10 Industry PeersPE Ratio
Min industry PE 15.17x
Max industry PE 93.08x
Median industry PE 49.68x
Average industry PE 53.68x



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