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VERITAS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of VERITAS (INDIA) is 19.36.

Share Price ₹1,384.2Apr 19,2024
Market Cap ₹3,709.7 Cr
Earnings-TTM₹191.6 CrTTM-Consolidated Results
Price/Earnings19.36xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VERITAS (INDIA)

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 VERITAS (INDIA) is calculated as :

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 ]

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

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 latest p/e ratio is 19.36x.

- 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 RatioMarket Cap
VERITAS (INDIA) 191.6219.363,709.7
ADANI ENTERPRISES LTD3,751.7091.94344,930.0
REDINGTON LTD1,243.1113.7717,116.9
HONASA CONSUMER LTD77.66161.0612,507.7
MMTC LTD49.62214.4810,642.5
MSTC LTD239.5625.025,993.5
LLOYDS ENTERPRISES LTD132.2830.434,025.0
NOVARTIS INDIA LTD95.5326.132,496.1
OPTIEMUS INFRACOM LTD53.2343.862,334.5
MISHTANN FOODS LTD26.0178.372,038.5
SIRCA PAINTS INDIA LTD48.4136.311,757.7

Trading Industry Benchmark (Top 10) PE Analysis vs VERITAS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE 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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