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TANFAC INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of TANFAC INDUSTRIES is 33.31.

Share Price ₹2,072.6Apr 18,2024
Market Cap ₹2,072.6 Cr
Earnings-TTM₹62.2 CrTTM-Standalone Results
Price/Earnings33.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TANFAC INDUSTRIES

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 TANFAC INDUSTRIES is calculated as :

Current Market Cap [ ₹2,072.6 Cr] as on Apr 18,2024

(/) Earnings [ ₹62.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 33.31x ]

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

Thus, for TANFAC INDUSTRIES , the investors are currently willing to pay 33.31 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 TANFAC INDUSTRIES !

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 TANFAC INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of TANFAC INDUSTRIES


PE Ratio Performance Analysis for TANFAC INDUSTRIES

- TANFAC INDUSTRIES 's latest p/e ratio is 33.31x.

- TANFAC INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.65x.

- TANFAC INDUSTRIES 's operated at median p/e ratio of 10.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TANFAC INDUSTRIES 's p/e ratio peaked in Mar2023 at 17.73x.

- TANFAC INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 4.65x.


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

Peer Comparison (Chemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TANFAC INDUSTRIES 62.2333.312,072.6
PIDILITE INDUSTRIES LTD1,732.5284.28146,024.0
SOLAR INDUSTRIES INDIA LTD855.5490.0177,005.2
SRF LTD1,475.9550.8575,048.8
GUJARAT FLUOROCHEMICALS LTD665.8759.2339,437.8
DEEPAK NITRITE LTD790.8739.7531,435.2
TATA CHEMICALS LTD1,891.0014.9028,167.1
GODREJ INDUSTRIES LTD625.2044.8628,046.3
AARTI INDUSTRIES LTD434.0060.5126,263.4
ATUL LTD349.6349.5817,334.1
VINATI ORGANICS LTD359.7147.1916,975.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 14.90x
Max industry PE 90.01x
Median industry PE 49.58x
Average industry PE 52.22x



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