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NIKHIL ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of NIKHIL ADHESIVES is 25.57.

Share Price ₹93.9May 30,2025
Market Cap ₹431.0 Cr
Earnings-TTM₹16.9 CrTTM-Standalone Results
Price/Earnings25.57xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NIKHIL 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 NIKHIL ADHESIVES is calculated as :

Current Market Cap [ ₹431.0 Cr] as on May 30,2025

(/) Earnings [ ₹16.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 25.57x ]

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

Thus, for NIKHIL ADHESIVES , the investors are currently willing to pay 25.57 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 NIKHIL 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 NIKHIL ADHESIVES over the last five years.

Historical PE (Price/Earnings) ratio chart of NIKHIL ADHESIVES


PE Ratio Performance Analysis for NIKHIL ADHESIVES

- NIKHIL ADHESIVES 's latest p/e ratio is 25.57x.

- NIKHIL ADHESIVES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 14.47x.

- NIKHIL ADHESIVES 's operated at median p/e ratio of 1.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NIKHIL ADHESIVES 's p/e ratio peaked in Mar2024 at 43.03x.

- NIKHIL ADHESIVES 's p/e ratio hit its five-year low in Mar2020 of 0.64x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NIKHIL ADHESIVES 16.8625.57431.0
PIDILITE INDUSTRIES LTD2,099.4575.25157,994.0
SRF LTD1,250.7867.7684,753.8
SOLAR INDUSTRIES INDIA LTD1,282.38113.62145,710.0
GUJARAT FLUOROCHEMICALS LTD546.0071.5339,055.5
GODREJ INDUSTRIES LTD1,483.6326.9139,918.6
DEEPAK NITRITE LTD697.3639.6627,657.1
TATA CHEMICALS LTD200.00112.9922,598.2
HIMADRI SPECIALITY CHEMICAL LTD555.0942.0323,329.4
NAVIN FLUORINE INTERNATIONAL LTD288.6073.2221,131.2
VINATI ORGANICS LTD405.2647.1219,095.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 25.57x
Max industry PE 113.62x
Median industry PE 67.76x
Average industry PE 63.24x



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