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GRASIM INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of GRASIM INDUSTRIES is 17.02.

Share Price ₹2,370.1Apr 23,2024
Market Cap ₹161,281.9 Cr
Earnings-TTM₹9,477.5 CrTTM-Consolidated Results
Price/Earnings17.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GRASIM 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 GRASIM INDUSTRIES is calculated as :

Current Market Cap [ ₹161,281.9 Cr] as on Apr 23,2024

(/) Earnings [ ₹9,477.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.02x ]

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

Thus, for GRASIM INDUSTRIES , the investors are currently willing to pay 17.02 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 GRASIM 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 GRASIM INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of GRASIM INDUSTRIES


PE Ratio Performance Analysis for GRASIM INDUSTRIES

- GRASIM INDUSTRIES 's latest p/e ratio is 17.02x.

- GRASIM INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.58x.

- GRASIM INDUSTRIES 's operated at median p/e ratio of 15.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GRASIM INDUSTRIES 's p/e ratio peaked in Mar2019 at 33.33x.

- GRASIM INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 7.09x.


How does GRASIM INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Diversified Industry?

Peer Comparison (Diversified Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GRASIM INDUSTRIES 9,477.5117.02161,281.9
3M INDIA LTD546.2961.4233,554.1
CENTURY TEXTILES & INDUSTRIES LTD199.88107.1521,417.1
DCM SHRIRAM LTD515.9727.5214,200.1
BIRLA CORPORATION LTD312.1736.3111,334.0
SURYA ROSHNI LTD380.8216.006,092.2
BALMER LAWRIE & COMPANY LTD163.1526.204,275.1
ASPINWALL AND COMPANY LTD6.5532.39212.2
GILLANDERS ARBUTHNOT & COMPANY LTD-34.78-5.15179.3

Diversified Industry Benchmark (Top 10) PE Analysis vs GRASIM INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -5.15x
Max industry PE 107.15x
Median industry PE 27.52x
Average industry PE 35.43x



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