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PLASTIBLENDS INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of PLASTIBLENDS INDIA is 19.89.

Share Price ₹264.2May 08,2024
Market Cap ₹686.8 Cr
Earnings-TTM₹34.5 CrTTM-Standalone Results
Price/Earnings19.89xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PLASTIBLENDS 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 PLASTIBLENDS INDIA is calculated as :

Current Market Cap [ ₹686.8 Cr] as on May 08,2024

(/) Earnings [ ₹34.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 19.89x ]

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

Thus, for PLASTIBLENDS INDIA , the investors are currently willing to pay 19.89 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 PLASTIBLENDS 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 PLASTIBLENDS INDIA over the last five years.

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


PE Ratio Performance Analysis for PLASTIBLENDS INDIA

- PLASTIBLENDS INDIA 's latest p/e ratio is 19.89x.

- PLASTIBLENDS INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.86x.

- PLASTIBLENDS INDIA 's operated at median p/e ratio of 14.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PLASTIBLENDS INDIA 's p/e ratio peaked in Mar2019 at 16.66x.

- PLASTIBLENDS INDIA 's p/e ratio hit its five-year low in Mar2020 of 8.06x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PLASTIBLENDS INDIA 34.5319.89686.8
PIDILITE INDUSTRIES LTD1,732.5282.69143,255.0
SOLAR INDUSTRIES INDIA LTD855.5491.9578,664.4
SRF LTD1,335.7151.9069,320.4
GUJARAT FLUOROCHEMICALS LTD434.9583.5836,353.8
DEEPAK NITRITE LTD790.8743.1934,156.2
TATA CHEMICALS LTD381.0072.1827,499.7
GODREJ INDUSTRIES LTD625.2046.5629,106.9
AARTI INDUSTRIES LTD434.0058.9825,596.4
ATUL LTD314.4257.2017,983.6
VINATI ORGANICS LTD359.7146.4016,690.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 19.89x
Max industry PE 91.95x
Median industry PE 57.20x
Average industry PE 59.50x



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