INDONATIONAL  
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The Current P/E Ratio of INDONATIONAL  is -33.42.
                
| Share Price | ₹438.1 | Nov 03,2025 | 
| Market Cap | ₹328.5 Cr | |
| Earnings-TTM | ₹-9.8 Cr | TTM-Consolidated Results | 
| Price/Earnings | -33.42x | Calculated as Market Cap/Earnings | 
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of INDONATIONAL
                    P/E = 
                    Market Capitalization 
                    / Net Income 
                    
                    or, using per-share numbers:
                    
                    P/E = Stock Price / 
                    Earnings Per Share (EPS)
                
               
                                     Current Market Cap [ ₹328.5 Cr] as on Nov 03,2025                     
                    (/) Earnings [ ₹-9.8 Cr] based on TTM-Consolidated Results
                                    
                
                (=) P/E Ratio [ -33.42x ]
            
Thus, for INDONATIONAL , the investors are currently willing to pay -33.42 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 INDONATIONAL !
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 INDONATIONAL over the last five years.
Historical PE (Price/Earnings) ratio chart of INDONATIONAL
PE Ratio Performance Analysis for INDONATIONAL
- INDONATIONAL 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 17.35x.
- INDONATIONAL 's operated at median p/e ratio of 4.39x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INDONATIONAL 's p/e ratio peaked in Mar2024 at 42.98x.
- INDONATIONAL 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does INDONATIONAL 's P/E Ratio benchmark against top 10 peers in Batteries Industry?
| Peer Comparison (Batteries Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap | 
|---|---|---|---|
| INDONATIONAL | -9.83 | -33.42 | 328.5 | 
| EXIDE INDUSTRIES LTD | 853.59 | 38.17 | 32,580.5 | 
| AMARA RAJA ENERGY & MOBILITY LTD | 860.35 | 21.46 | 18,461.8 | 
| HBL ENGINEERING LTD | 327.95 | 83.65 | 27,434.0 | 
| EVEREADY INDUSTRIES INDIA LTD | 83.31 | 33.25 | 2,770.1 | 
| HIGH ENERGY BATTERIES (INDIA) LTD | 13.45 | 38.63 | 519.5 | 
| PANASONIC ENERGY INDIA COMPANY LTD | 6.35 | 42.54 | 270.0 | 
Batteries Industry Benchmark (Top 10) PE Analysis vs INDONATIONAL 's P/E Ratio
| Top 10 Industry Peers | PE Ratio | 
|---|---|
| Min industry PE | -33.42x | 
| Max industry PE | 83.65x | 
| Median industry PE | 38.17x | 
| Average industry PE | 32.04x | 
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