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IG PETROCHEMICALS
PE (Price/Earnings) Ratio

The Current P/E Ratio of IG PETROCHEMICALS is 23.42.

Share Price ₹521.8May 07,2024
Market Cap ₹1,607.0 Cr
Earnings-TTM₹68.6 CrTTM-Consolidated Results
Price/Earnings23.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of IG PETROCHEMICALS

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 IG PETROCHEMICALS is calculated as :

Current Market Cap [ ₹1,607.0 Cr] as on May 07,2024

(/) Earnings [ ₹68.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.42x ]

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

Thus, for IG PETROCHEMICALS , the investors are currently willing to pay 23.42 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 IG PETROCHEMICALS !

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 IG PETROCHEMICALS over the last five years.

Historical PE (Price/Earnings) ratio chart of IG PETROCHEMICALS


PE Ratio Performance Analysis for IG PETROCHEMICALS

- IG PETROCHEMICALS 's latest p/e ratio is 23.42x.

- IG PETROCHEMICALS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.56x.

- IG PETROCHEMICALS 's operated at median p/e ratio of 7.87x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, IG PETROCHEMICALS 's p/e ratio peaked in Mar2020 at 13.66x.

- IG PETROCHEMICALS 's p/e ratio hit its five-year low in Mar2023 of 6.33x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
IG PETROCHEMICALS 68.6323.421,607.0
PIDILITE INDUSTRIES LTD1,732.5286.62150,073.0
SOLAR INDUSTRIES INDIA LTD855.5491.5778,342.2
SRF LTD1,335.7153.5871,564.4
GUJARAT FLUOROCHEMICALS LTD434.9588.4638,476.1
DEEPAK NITRITE LTD790.8743.3234,261.2
TATA CHEMICALS LTD381.0071.2027,126.4
GODREJ INDUSTRIES LTD625.2047.3129,576.6
AARTI INDUSTRIES LTD434.0059.8625,978.8
ATUL LTD314.4257.2217,989.9
VINATI ORGANICS LTD359.7146.1416,597.4

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

Top 10 Industry PeersPE Ratio
Min industry PE 23.42x
Max industry PE 91.57x
Median industry PE 57.22x
Average industry PE 60.79x



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