Home > PE Ratio > INDIGO PAINTS

INDIGO PAINTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDIGO PAINTS is 43.49.

Share Price ₹1,314.0Apr 24,2024
Market Cap ₹6,254.4 Cr
Earnings-TTM₹143.8 CrTTM-Standalone Results
Price/Earnings43.49xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for INDIGO PAINTS
Please provide your vote to see the results
INDIGO PAINTS is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of INDIGO PAINTS

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 INDIGO PAINTS is calculated as :

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 ]

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

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 latest p/e ratio is 43.49x.

- 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 RatioMarket Cap
INDIGO PAINTS 143.8143.496,254.4
ASIAN PAINTS LTD5,409.7750.84275,031.0
BERGER PAINTS INDIA LTD1,146.4051.5659,111.7
KANSAI NEROLAC PAINTS LTD1,157.8119.4722,537.6
AKZO NOBEL INDIA LTD413.3027.0211,166.3
SHALIMAR PAINTS LTD-57.05-24.661,406.8

Paints Industry Benchmark (Top 10) PE Analysis vs INDIGO PAINTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -24.66x
Max industry PE 51.56x
Median industry PE 43.49x
Average industry PE 27.95x



You may also like the below Video Courses