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JYOTI RESINS & ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JYOTI RESINS & ADHESIVES is 27.27.

Share Price ₹1,365.3Apr 26,2024
Market Cap ₹1,638.3 Cr
Earnings-TTM₹60.1 CrTTM-Standalone Results
Price/Earnings27.27xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JYOTI RESINS & ADHESIVES

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 JYOTI RESINS & ADHESIVES is calculated as :

Current Market Cap [ ₹1,638.3 Cr] as on Apr 26,2024

(/) Earnings [ ₹60.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 27.27x ]

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

Thus, for JYOTI RESINS & ADHESIVES , the investors are currently willing to pay 27.27 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 JYOTI RESINS & ADHESIVES !

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 JYOTI RESINS & ADHESIVES over the last five years.

Historical PE (Price/Earnings) ratio chart of JYOTI RESINS & ADHESIVES


PE Ratio Performance Analysis for JYOTI RESINS & ADHESIVES

- JYOTI RESINS & ADHESIVES 's latest p/e ratio is 27.27x.

- JYOTI RESINS & ADHESIVES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.31x.

- JYOTI RESINS & ADHESIVES 's operated at median p/e ratio of 6.19x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JYOTI RESINS & ADHESIVES 's p/e ratio peaked in Mar2023 at 32.84x.

- JYOTI RESINS & ADHESIVES 's p/e ratio hit its five-year low in Mar2020 of 1.89x.


How does JYOTI RESINS & ADHESIVES 's P/E Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JYOTI RESINS & ADHESIVES 60.0927.271,638.3
PIDILITE INDUSTRIES LTD1,732.5287.53151,652.0
SOLAR INDUSTRIES INDIA LTD855.5492.9279,493.7
SRF LTD1,475.9552.9778,183.5
GUJARAT FLUOROCHEMICALS LTD665.8760.2640,128.2
DEEPAK NITRITE LTD790.8742.7433,801.6
TATA CHEMICALS LTD1,891.0015.1228,595.1
GODREJ INDUSTRIES LTD625.2046.8329,278.6
AARTI INDUSTRIES LTD434.0062.5927,162.4
ATUL LTD349.6349.9317,455.3
VINATI ORGANICS LTD359.7147.2316,989.2

Chemicals Industry Benchmark (Top 10) PE Analysis vs JYOTI RESINS & ADHESIVES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.12x
Max industry PE 92.92x
Median industry PE 49.93x
Average industry PE 53.22x



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