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SOLAR INDUSTRIES INDIA
PS (Price/Sales) Ratio

The Current P/S Ratio of SOLAR INDUSTRIES INDIA is 11.98.

Share Price ₹8,456.2Apr 16,2024
Market Cap ₹76,528.6 Cr
Sales-TTM₹6,387.4 CrTTM-Consolidated Results
Price/Sales11.98xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of SOLAR INDUSTRIES INDIA

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of SOLAR INDUSTRIES INDIA is calculated as :

Current Market Cap [ ₹76,528.6 Cr] as on Apr 16,2024

(/) Sales [ ₹6,387.4 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 11.98x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for SOLAR INDUSTRIES INDIA , the investors are currently willing to pay '11.98 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of SOLAR INDUSTRIES INDIA !

The chart below summarizes the trend in P/S Ratio of SOLAR INDUSTRIES INDIA over the last five years.

Historical PS (Price/Sales) ratio chart of SOLAR INDUSTRIES INDIA


PS Ratio Performance Analysis for SOLAR INDUSTRIES INDIA

- SOLAR INDUSTRIES INDIA 's latest p/e ratio is 11.98x.

- SOLAR INDUSTRIES INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.71x.

- SOLAR INDUSTRIES INDIA 's operated at median p/e ratio of 4.6x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SOLAR INDUSTRIES INDIA 's p/e ratio peaked in Mar2022 at 6.43x.

- SOLAR INDUSTRIES INDIA 's p/e ratio hit its five-year low in Mar2020 of 3.68x.


How does SOLAR INDUSTRIES INDIA 's P/S Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Sales (Cr)PS RatioMarket Cap (Cr)
SOLAR INDUSTRIES INDIA 6,387.411.9876,528.6
PIDILITE INDUSTRIES LTD12,170.412.04146,535.0
SRF LTD13,346.95.5974,630.9
GUJARAT FLUOROCHEMICALS LTD4,619.28.4138,858.9
DEEPAK NITRITE LTD7,517.04.2131,660.9
TATA CHEMICALS LTD16,353.01.7228,183.7
GODREJ INDUSTRIES LTD16,885.51.6828,302.2
AARTI INDUSTRIES LTD6,256.04.3427,164.2
ATUL LTD4,708.73.7417,599.8
VINATI ORGANICS LTD1,830.68.8516,204.5
HIMADRI SPECIALITY CHEMICAL LTD4,036.83.7715,228.6

Chemicals Industry Benchmark (Top 10) PS Analysis vs SOLAR INDUSTRIES INDIA 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 1.68x
Max industry PS 12.04x
Median industry PS 4.34x
Average industry PS 6.03x



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