INDIGO PAINTS
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The Current P/E Ratio of INDIGO PAINTS is 43.49.
Share Price | ₹1,314.0 | Apr 24,2024 |
Market Cap | ₹6,254.4 Cr | |
Earnings-TTM | ₹143.8 Cr | TTM-Standalone Results |
Price/Earnings | 43.49x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of INDIGO PAINTS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹6,254.4 Cr] as on Apr 24,2024
(/) Earnings [ ₹143.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 43.49x ]
Thus, for INDIGO PAINTS , the investors are currently willing to pay 43.49 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 INDIGO PAINTS !
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 INDIGO PAINTS over the last five years.
Historical PE (Price/Earnings) ratio chart of INDIGO PAINTS
PE Ratio Performance Analysis for INDIGO PAINTS
- INDIGO PAINTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 57.46x.
- INDIGO PAINTS 's operated at median p/e ratio of 36.4x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INDIGO PAINTS 's p/e ratio peaked in Mar2021 at 160.41x.
- INDIGO PAINTS 's p/e ratio hit its five-year low in Mar2020 of 0x.
How does INDIGO PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?
Peer Comparison (Paints Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
INDIGO PAINTS | 143.81 | 43.49 | 6,254.4 |
ASIAN PAINTS LTD | 5,409.77 | 50.84 | 275,031.0 |
BERGER PAINTS INDIA LTD | 1,146.40 | 51.56 | 59,111.7 |
KANSAI NEROLAC PAINTS LTD | 1,157.81 | 19.47 | 22,537.6 |
AKZO NOBEL INDIA LTD | 413.30 | 27.02 | 11,166.3 |
SHALIMAR PAINTS LTD | -57.05 | -24.66 | 1,406.8 |
Paints Industry Benchmark (Top 10) PE Analysis vs INDIGO PAINTS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -24.66x |
Max industry PE | 51.56x |
Median industry PE | 43.49x |
Average industry PE | 27.95x |
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