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NOVARTIS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of NOVARTIS INDIA is 23.31.

Share Price ₹917.5Mar 17,2026
Market Cap ₹2,266.2 Cr
Earnings-TTM₹97.2 CrTTM-Standalone Results
Price/Earnings23.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NOVARTIS INDIA

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 NOVARTIS INDIA is calculated as :

Current Market Cap [ ₹2,266.2 Cr] as on Mar 17,2026

(/) Earnings [ ₹97.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 23.31x ]

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

Thus, for NOVARTIS INDIA , the investors are currently willing to pay 23.31 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 NOVARTIS INDIA !

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 NOVARTIS INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of NOVARTIS INDIA


PE Ratio Performance Analysis for NOVARTIS INDIA

- NOVARTIS INDIA 's latest p/e ratio is 23.31x.

- NOVARTIS INDIA 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 25.54x.

- NOVARTIS INDIA 's operated at median p/e ratio of 19.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NOVARTIS INDIA 's p/e ratio peaked in Mar2021 at 65.18x.

- NOVARTIS INDIA 's p/e ratio hit its five-year low in Mar2022 of 0x.


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

Peer Comparison (Trading Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NOVARTIS INDIA 97.2323.312,266.2
ADANI ENTERPRISES LTD13,793.0018.51255,344.0
REDINGTON LTD1,914.319.3117,820.6
MMTC LTD180.6944.157,977.0
HONASA CONSUMER LTD155.7555.118,583.3
LLOYDS ENTERPRISES LTD341.4520.366,951.9
ENTERO HEALTHCARE SOLUTIONS LTD132.1333.744,458.6
OPTIEMUS INFRACOM LTD65.7744.342,916.1
POLO QUEEN INDUSTRIAL & FINTECH LTD2.82205.07577.5
MSTC LTD223.0213.112,924.4
SG MART LTD102.7353.475,493.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.31x
Max industry PE 205.07x
Median industry PE 33.74x
Average industry PE 47.32x



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