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SHREE GANESH REMEDIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHREE GANESH REMEDIES is 36.74.

Share Price ₹630.7Apr 26,2024
Market Cap ₹807.2 Cr
Earnings-TTM₹22.0 CrTTM-Standalone Results
Price/Earnings36.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHREE GANESH REMEDIES

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 SHREE GANESH REMEDIES is calculated as :

Current Market Cap [ ₹807.2 Cr] as on Apr 26,2024

(/) Earnings [ ₹22.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 36.74x ]

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

Thus, for SHREE GANESH REMEDIES , the investors are currently willing to pay 36.74 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 SHREE GANESH REMEDIES !

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 SHREE GANESH REMEDIES over the last five years.

Historical PE (Price/Earnings) ratio chart of SHREE GANESH REMEDIES


PE Ratio Performance Analysis for SHREE GANESH REMEDIES

- SHREE GANESH REMEDIES 's latest p/e ratio is 36.74x.

- SHREE GANESH REMEDIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.79x.

- SHREE GANESH REMEDIES 's operated at median p/e ratio of 18.34x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHREE GANESH REMEDIES 's p/e ratio peaked in Mar2021 at 28.43x.

- SHREE GANESH REMEDIES 's p/e ratio hit its five-year low in Mar2020 of 5.01x.


How does SHREE GANESH REMEDIES 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHREE GANESH REMEDIES 21.9736.74807.2
SUN PHARMACEUTICAL INDUSTRIES LTD8,998.6340.11360,920.0
CIPLA LTD3,744.0330.39113,794.0
DR REDDYS LABORATORIES LTD5,209.4020.02104,316.0
ZYDUS LIFESCIENCES LTD2,954.2032.2995,380.9
DIVIS LABORATORIES LTD1,382.9777.27106,860.0
MANKIND PHARMA LTD1,743.3054.4294,869.4
TORRENT PHARMACEUTICALS LTD1,494.0060.9591,057.0
LUPIN LTD1,809.7440.6973,642.4
AUROBINDO PHARMA LTD2,777.8923.8666,278.5
ABBOTT INDIA LTD1,145.5847.9854,961.0

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs SHREE GANESH REMEDIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.02x
Max industry PE 77.27x
Median industry PE 40.11x
Average industry PE 42.25x



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