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HINDCON CHEMICALS
PE (Price/Earnings) Ratio

The Current P/E Ratio of HINDCON CHEMICALS is 43.71.

Share Price ₹53.2May 24,2024
Market Cap ₹272.4 Cr
Earnings-TTM₹6.2 CrTTM-Consolidated Results
Price/Earnings43.71xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HINDCON CHEMICALS

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 HINDCON CHEMICALS is calculated as :

Current Market Cap [ ₹272.4 Cr] as on May 24,2024

(/) Earnings [ ₹6.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 43.71x ]

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

Thus, for HINDCON CHEMICALS , the investors are currently willing to pay 43.71 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 HINDCON CHEMICALS !

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 HINDCON CHEMICALS over the last five years.

Historical PE (Price/Earnings) ratio chart of HINDCON CHEMICALS


PE Ratio Performance Analysis for HINDCON CHEMICALS

- HINDCON CHEMICALS 's latest p/e ratio is 43.71x.

- HINDCON CHEMICALS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.07x.

- HINDCON CHEMICALS 's operated at median p/e ratio of 6.04x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDCON CHEMICALS 's p/e ratio peaked in Mar2023 at 14.72x.

- HINDCON CHEMICALS 's p/e ratio hit its five-year low in Mar2020 of 2.97x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HINDCON CHEMICALS 6.2343.71272.4
PIDILITE INDUSTRIES LTD1,751.4786.24151,042.0
SOLAR INDUSTRIES INDIA LTD874.88103.5090,549.3
SRF LTD1,335.7150.7967,847.2
GUJARAT FLUOROCHEMICALS LTD434.9581.5035,449.7
DEEPAK NITRITE LTD810.8539.7832,254.9
TATA CHEMICALS LTD381.0072.4727,609.2
GODREJ INDUSTRIES LTD648.4342.8127,761.8
AARTI INDUSTRIES LTD417.0054.0222,527.8
ATUL LTD314.4255.0717,315.6
VINATI ORGANICS LTD348.4853.8118,750.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 39.78x
Max industry PE 103.50x
Median industry PE 54.02x
Average industry PE 62.15x



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