NIKHIL ADHESIVES
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The Current P/E Ratio of NIKHIL ADHESIVES is 43.20.
Share Price | ₹123.5 | May 08,2024 |
Market Cap | ₹566.6 Cr | |
Earnings-TTM | ₹13.1 Cr | TTM-Standalone Results |
Price/Earnings | 43.20x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of NIKHIL ADHESIVES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹566.6 Cr] as on May 08,2024
(/) Earnings [ ₹13.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 43.20x ]
Thus, for NIKHIL ADHESIVES , the investors are currently willing to pay 43.20 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 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 Ratio | Market Cap |
---|---|---|---|
NIKHIL ADHESIVES | 13.12 | 43.20 | 566.6 |
PIDILITE INDUSTRIES LTD | 1,751.47 | 81.79 | 143,255.0 |
SOLAR INDUSTRIES INDIA LTD | 855.54 | 91.95 | 78,664.4 |
SRF LTD | 1,335.71 | 51.90 | 69,320.4 |
GUJARAT FLUOROCHEMICALS LTD | 434.95 | 83.58 | 36,353.8 |
DEEPAK NITRITE LTD | 790.87 | 43.19 | 34,156.2 |
TATA CHEMICALS LTD | 381.00 | 72.18 | 27,499.7 |
GODREJ INDUSTRIES LTD | 625.20 | 46.56 | 29,106.9 |
AARTI INDUSTRIES LTD | 434.00 | 58.98 | 25,596.4 |
ATUL LTD | 314.42 | 57.20 | 17,983.6 |
VINATI ORGANICS LTD | 359.71 | 46.40 | 16,690.2 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs NIKHIL ADHESIVES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 43.19x |
Max industry PE | 91.95x |
Median industry PE | 57.20x |
Average industry PE | 61.54x |
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