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TYCHE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of TYCHE INDUSTRIES is 15.70.

Share Price ₹217.2Apr 19,2024
Market Cap ₹223.7 Cr
Earnings-TTM₹14.2 CrTTM-Standalone Results
Price/Earnings15.70xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TYCHE 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 TYCHE INDUSTRIES is calculated as :

Current Market Cap [ ₹223.7 Cr] as on Apr 19,2024

(/) Earnings [ ₹14.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 15.70x ]

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

Thus, for TYCHE INDUSTRIES , the investors are currently willing to pay 15.70 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 TYCHE 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 TYCHE INDUSTRIES over the last five years.

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


PE Ratio Performance Analysis for TYCHE INDUSTRIES

- TYCHE INDUSTRIES 's latest p/e ratio is 15.70x.

- TYCHE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.65x.

- TYCHE INDUSTRIES 's operated at median p/e ratio of 9.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TYCHE INDUSTRIES 's p/e ratio peaked in Mar2022 at 15.17x.

- TYCHE INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 4.37x.


How does TYCHE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Pharmaceuticals & Drugs Industry?

Peer Comparison (Pharmaceuticals & Drugs Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TYCHE INDUSTRIES 14.2415.70223.7
SUN PHARMACEUTICAL INDUSTRIES LTD8,998.6340.60365,311.0
CIPLA LTD3,744.0329.01108,623.0
DR REDDYS LABORATORIES LTD5,209.4019.0399,134.3
ZYDUS LIFESCIENCES LTD2,954.2031.4192,794.9
DIVIS LABORATORIES LTD1,382.9770.4397,408.4
MANKIND PHARMA LTD1,743.3053.6793,565.4
TORRENT PHARMACEUTICALS LTD1,494.0057.4785,858.5
LUPIN LTD1,809.7438.9670,506.8
AUROBINDO PHARMA LTD2,777.8922.9363,697.4
ABBOTT INDIA LTD1,145.5848.4755,528.4

Pharmaceuticals & Drugs Industry Benchmark (Top 10) PE Analysis vs TYCHE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.70x
Max industry PE 70.43x
Median industry PE 38.96x
Average industry PE 38.88x



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