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KANSAI NEROLAC PAINTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of KANSAI NEROLAC PAINTS is 19.06.

Share Price ₹273.1Apr 18,2024
Market Cap ₹22,073.4 Cr
Earnings-TTM₹1,157.8 CrTTM-Consolidated Results
Price/Earnings19.06xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of KANSAI NEROLAC 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 KANSAI NEROLAC PAINTS is calculated as :

Current Market Cap [ ₹22,073.4 Cr] as on Apr 18,2024

(/) Earnings [ ₹1,157.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.06x ]

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

Thus, for KANSAI NEROLAC PAINTS , the investors are currently willing to pay 19.06 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 KANSAI NEROLAC 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 KANSAI NEROLAC PAINTS over the last five years.

Historical PE (Price/Earnings) ratio chart of KANSAI NEROLAC PAINTS


PE Ratio Performance Analysis for KANSAI NEROLAC PAINTS

- KANSAI NEROLAC PAINTS 's latest p/e ratio is 19.06x.

- KANSAI NEROLAC PAINTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 53.91x.

- KANSAI NEROLAC PAINTS 's operated at median p/e ratio of 54.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KANSAI NEROLAC PAINTS 's p/e ratio peaked in Mar2022 at 70.16x.

- KANSAI NEROLAC PAINTS 's p/e ratio hit its five-year low in Mar2020 of 39.94x.


How does KANSAI NEROLAC PAINTS 's P/E Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Earnings-TTM (Cr)PE RatioMarket Cap
KANSAI NEROLAC PAINTS 1,157.8119.0622,073.4
ASIAN PAINTS LTD5,409.7749.91269,990.0
BERGER PAINTS INDIA LTD1,146.4052.4660,143.4
AKZO NOBEL INDIA LTD413.3026.6411,010.7
INDIGO PAINTS LTD143.8143.626,273.1
SHALIMAR PAINTS LTD-57.05-24.721,410.5

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

Top 10 Industry PeersPE Ratio
Min industry PE -24.72x
Max industry PE 52.46x
Median industry PE 43.62x
Average industry PE 27.83x



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