TANFAC INDUSTRIES
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The Current P/E Ratio of TANFAC INDUSTRIES is 44.16.
Share Price | ₹2,319.3 | May 02,2024 |
Market Cap | ₹2,319.3 Cr | |
Earnings-TTM | ₹52.5 Cr | TTM-Standalone Results |
Price/Earnings | 44.16x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TANFAC INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,319.3 Cr] as on May 02,2024
(/) Earnings [ ₹52.5 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 44.16x ]
Thus, for TANFAC INDUSTRIES , the investors are currently willing to pay 44.16 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 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 Ratio | Market Cap |
---|---|---|---|
TANFAC INDUSTRIES | 52.52 | 44.16 | 2,319.3 |
PIDILITE INDUSTRIES LTD | 1,732.52 | 87.74 | 152,013.0 |
SOLAR INDUSTRIES INDIA LTD | 855.54 | 93.76 | 80,217.6 |
SRF LTD | 1,475.95 | 53.58 | 79,083.2 |
GUJARAT FLUOROCHEMICALS LTD | 665.87 | 59.89 | 39,882.1 |
DEEPAK NITRITE LTD | 790.87 | 42.74 | 33,805.0 |
TATA CHEMICALS LTD | 381.00 | 73.60 | 28,041.0 |
GODREJ INDUSTRIES LTD | 625.20 | 48.10 | 30,073.2 |
AARTI INDUSTRIES LTD | 434.00 | 62.03 | 26,921.4 |
ATUL LTD | 314.42 | 56.16 | 17,658.6 |
VINATI ORGANICS LTD | 359.71 | 47.02 | 16,913.6 |
Chemicals Industry Benchmark (Top 10) PE Analysis vs TANFAC INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 42.74x |
Max industry PE | 93.76x |
Median industry PE | 56.16x |
Average industry PE | 60.80x |
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