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NORTHERN SPIRITS
PE (Price/Earnings) Ratio

The Current P/E Ratio of NORTHERN SPIRITS is 6.92.

Share Price ₹124.7Sep 24,2026
Market Cap ₹200.8 Cr
Earnings-TTM₹29.0 CrTTM-Standalone Results
Price/Earnings6.92xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NORTHERN SPIRITS

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 NORTHERN SPIRITS is calculated as :

Current Market Cap [ ₹200.8 Cr] as on Sep 24,2026

(/) Earnings [ ₹29.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 6.92x ]

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

Thus, for NORTHERN SPIRITS , the investors are currently willing to pay 6.92 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 NORTHERN SPIRITS !

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 NORTHERN SPIRITS over the last five years.

Historical PE (Price/Earnings) ratio chart of NORTHERN SPIRITS


PE Ratio Performance Analysis for NORTHERN SPIRITS

- NORTHERN SPIRITS 's latest p/e ratio is 6.92x.

- NORTHERN SPIRITS 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 14.87x.

- NORTHERN SPIRITS 's operated at median p/e ratio of 10.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NORTHERN SPIRITS 's p/e ratio peaked in Mar2023 at 30.54x.

- NORTHERN SPIRITS 's p/e ratio hit its five-year low in Mar2026 of 5.72x.


How does NORTHERN SPIRITS 's P/E Ratio benchmark against top 10 peers in Trading Industry?

Peer Comparison (Trading Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NORTHERN SPIRITS 29.026.92200.8
ADANI ENTERPRISES LTD7,230.0654.67395,287.0
PREMIER ENERGIES LTD1,668.3924.4340,764.9
ADITYA INFOTECH LTD477.2894.1644,940.6
AEGIS LOGISTICS LTD1,476.1132.5648,065.9
REDINGTON LTD1,504.6621.1231,775.2
RRP SEMICONDUCTOR LTD-7.80-1,434.5211,182.1
HONASA CONSUMER LTD249.4061.9515,450.3
LLOYDS ENTERPRISES LTD235.7748.9011,528.5
MMTC LTD269.1332.338,701.5
CELLO WORLD LTD324.2623.667,671.7

Trading Industry Benchmark (Top 10) PE Analysis vs NORTHERN SPIRITS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,434.52x
Max industry PE 94.16x
Median industry PE 32.33x
Average industry PE -93.98x



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