VERITAS (INDIA)
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The Current P/E Ratio of VERITAS (INDIA) is 19.36.
Share Price | ₹1,384.2 | Apr 19,2024 |
Market Cap | ₹3,709.7 Cr | |
Earnings-TTM | ₹191.6 Cr | TTM-Consolidated Results |
Price/Earnings | 19.36x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹3,709.7 Cr] as on Apr 19,2024
(/) Earnings [ ₹191.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.36x ]
Thus, for VERITAS (INDIA) , the investors are currently willing to pay 19.36 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 VERITAS (INDIA) !
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 VERITAS (INDIA) over the last five years.
Historical PE (Price/Earnings) ratio chart of VERITAS (INDIA)
PE Ratio Performance Analysis for VERITAS (INDIA)
- VERITAS (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.51x.
- VERITAS (INDIA) 's operated at median p/e ratio of 2.97x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VERITAS (INDIA) 's p/e ratio peaked in Mar2023 at 4x.
- VERITAS (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 0.59x.
How does VERITAS (INDIA) 's P/E Ratio benchmark against top 10 peers in Trading Industry?
Peer Comparison (Trading Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
VERITAS (INDIA) | 191.62 | 19.36 | 3,709.7 |
ADANI ENTERPRISES LTD | 3,751.70 | 91.94 | 344,930.0 |
REDINGTON LTD | 1,243.11 | 13.77 | 17,116.9 |
HONASA CONSUMER LTD | 77.66 | 161.06 | 12,507.7 |
MMTC LTD | 49.62 | 214.48 | 10,642.5 |
MSTC LTD | 239.56 | 25.02 | 5,993.5 |
LLOYDS ENTERPRISES LTD | 132.28 | 30.43 | 4,025.0 |
NOVARTIS INDIA LTD | 95.53 | 26.13 | 2,496.1 |
OPTIEMUS INFRACOM LTD | 53.23 | 43.86 | 2,334.5 |
MISHTANN FOODS LTD | 26.01 | 78.37 | 2,038.5 |
SIRCA PAINTS INDIA LTD | 48.41 | 36.31 | 1,757.7 |
Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 13.77x |
Max industry PE | 214.48x |
Median industry PE | 36.31x |
Average industry PE | 67.34x |
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