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NIKHIL ADHESIVES
PE (Price/Earnings) Ratio

The Current P/E Ratio of NIKHIL ADHESIVES is 43.18.

Share Price ₹123.4Apr 19,2024
Market Cap ₹566.4 Cr
Earnings-TTM₹13.1 CrTTM-Standalone Results
Price/Earnings43.18xCalculated 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 [ ₹566.4 Cr] as on Apr 19,2024

(/) Earnings [ ₹13.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 43.18x ]

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 43.18 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 43.18x.

- NIKHIL ADHESIVES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.08x.

- NIKHIL ADHESIVES 's operated at median p/e ratio of 1.11x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NIKHIL ADHESIVES 's p/e ratio peaked in Mar2023 at 26.25x.

- 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 13.1243.18566.4
PIDILITE INDUSTRIES LTD1,732.5283.00143,804.0
SOLAR INDUSTRIES INDIA LTD855.5490.1877,156.8
SRF LTD1,475.9550.7574,909.5
GUJARAT FLUOROCHEMICALS LTD665.8759.4039,553.7
DEEPAK NITRITE LTD790.8739.1530,963.9
TATA CHEMICALS LTD1,891.0014.8628,108.5
GODREJ INDUSTRIES LTD625.2044.5627,857.8
AARTI INDUSTRIES LTD434.0060.4026,212.7
ATUL LTD349.6349.6517,360.0
VINATI ORGANICS LTD359.7147.3917,046.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 14.86x
Max industry PE 90.18x
Median industry PE 49.65x
Average industry PE 52.96x



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