VEEDOL CORPORATION
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The Current P/E Ratio of VEEDOL CORPORATION is 12.28.
| Share Price | ₹1,332.6 | Oct 30,2026 |
| Market Cap | ₹2,318.6 Cr | |
| Earnings-TTM | ₹188.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 12.28x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of VEEDOL CORPORATION
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)
Current Market Cap [ ₹2,318.6 Cr] as on Oct 30,2026
(/) Earnings [ ₹188.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.28x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for VEEDOL CORPORATION , the investors are currently willing to pay 12.28 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 VEEDOL CORPORATION !
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 VEEDOL CORPORATION over the last five years.
Thus, for VEEDOL CORPORATION , the investors are currently willing to pay 12.28 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 VEEDOL CORPORATION !
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 VEEDOL CORPORATION over the last five years.
Historical PE (Price/Earnings) ratio chart of VEEDOL CORPORATION
PE Ratio Performance Analysis for VEEDOL CORPORATION
- VEEDOL CORPORATION 's latest p/e ratio is 12.28x.
- VEEDOL CORPORATION 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 13.83x.
- VEEDOL CORPORATION 's operated at median p/e ratio of 13.76x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VEEDOL CORPORATION 's p/e ratio peaked in Mar2024 at 16.62x.
- VEEDOL CORPORATION 's p/e ratio hit its five-year low in Mar2026 of 11.01x.
- VEEDOL CORPORATION 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 13.83x.
- VEEDOL CORPORATION 's operated at median p/e ratio of 13.76x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VEEDOL CORPORATION 's p/e ratio peaked in Mar2024 at 16.62x.
- VEEDOL CORPORATION 's p/e ratio hit its five-year low in Mar2026 of 11.01x.
How does VEEDOL CORPORATION 's P/E Ratio benchmark against top 10 peers in Lubricants Industry?
| Peer Comparison (Lubricants Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| VEEDOL CORPORATION | 188.89 | 12.28 | 2,318.6 |
| CASTROL INDIA LTD | 1,010.92 | 18.39 | 18,595.5 |
| GULF OIL LUBRICANTS INDIA LTD | 401.24 | 12.75 | 5,113.9 |
| SAVITA OIL TECHNOLOGIES LTD | 413.94 | 10.74 | 4,445.1 |
| PANAMA PETROCHEM LTD | 478.79 | 5.69 | 2,724.9 |
| GANDHAR OIL REFINERY (INDIA) LTD | 463.55 | 5.27 | 2,444.3 |
| GP PETROLEUMS LTD | 51.02 | 6.48 | 330.6 |
Lubricants Industry Benchmark (Top 10) PE Analysis vs VEEDOL CORPORATION 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 5.27x |
| Max industry PE | 18.39x |
| Median industry PE | 10.74x |
| Average industry PE | 10.23x |
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