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INDOCO REMEDIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDOCO REMEDIES is 30.41.

Share Price ₹332.5Apr 18,2024
Market Cap ₹3,065.2 Cr
Earnings-TTM₹100.8 CrTTM-Consolidated Results
Price/Earnings30.41xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INDOCO REMEDIES

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 INDOCO REMEDIES is calculated as :

Current Market Cap [ ₹3,065.2 Cr] as on Apr 18,2024

(/) Earnings [ ₹100.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 30.41x ]

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

Thus, for INDOCO REMEDIES , the investors are currently willing to pay 30.41 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 INDOCO REMEDIES !

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 INDOCO REMEDIES over the last five years.

Historical PE (Price/Earnings) ratio chart of INDOCO REMEDIES


PE Ratio Performance Analysis for INDOCO REMEDIES

- INDOCO REMEDIES 's latest p/e ratio is 30.41x.

- INDOCO REMEDIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.41x.

- INDOCO REMEDIES 's operated at median p/e ratio of 22.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDOCO REMEDIES 's p/e ratio peaked in Mar2020 at 79.99x.

- INDOCO REMEDIES 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does INDOCO REMEDIES 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INDOCO REMEDIES 100.7930.413,065.2
SUN PHARMACEUTICAL INDUSTRIES LTD8,998.6340.45364,015.0
CIPLA LTD3,744.0329.06108,809.0
DR REDDYS LABORATORIES LTD5,209.4019.0899,408.7
ZYDUS LIFESCIENCES LTD2,954.2031.8994,213.7
DIVIS LABORATORIES LTD1,382.9771.3698,684.0
MANKIND PHARMA LTD1,743.3055.0996,037.1
TORRENT PHARMACEUTICALS LTD1,494.0057.7186,219.0
LUPIN LTD1,809.7440.1372,621.1
AUROBINDO PHARMA LTD2,777.8923.5265,326.3
ABBOTT INDIA LTD1,145.5848.3355,366.4

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs INDOCO REMEDIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.08x
Max industry PE 71.36x
Median industry PE 40.13x
Average industry PE 40.64x



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