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HP ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HP ADHESIVES is 51.92.

Share Price ₹106.4Apr 23,2024
Market Cap ₹977.8 Cr
Earnings-TTM₹18.8 CrTTM-Standalone Results
Price/Earnings51.92xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HP ADHESIVES

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 HP ADHESIVES is calculated as :

Current Market Cap [ ₹977.8 Cr] as on Apr 23,2024

(/) Earnings [ ₹18.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 51.92x ]

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

Thus, for HP ADHESIVES , the investors are currently willing to pay 51.92 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 HP ADHESIVES !

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 HP ADHESIVES over the last five years.

Historical PE (Price/Earnings) ratio chart of HP ADHESIVES


PE Ratio Performance Analysis for HP ADHESIVES

- HP ADHESIVES 's latest p/e ratio is 51.92x.

- HP ADHESIVES 's p/e ratio for fiscal years ending Mar2023 to Mar2020 averaged 45.29x.

- HP ADHESIVES 's operated at median p/e ratio of 61.24x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, HP ADHESIVES 's p/e ratio peaked in Mar2022 at 119.93x.

- HP ADHESIVES 's p/e ratio hit its five-year low in Mar2021 of 0x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HP ADHESIVES 18.8351.92977.8
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 HP ADHESIVES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.02x
Max industry PE 91.41x
Median industry PE 51.92x
Average industry PE 54.94x



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