Indoco Remedies
INDOCO.NS
#6367
Rank
$0.36 B
Marketcap
$3.94
Share price
-1.57%
Change (1 day)
-0.76%
Change (1 year)

P/E ratio for Indoco Remedies (INDOCO.NS)

P/E ratio as of March 2024 (TTM): 26.5

According to Indoco Remedies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.4627. At the end of 2022 the company had a P/E ratio of 23.9.

P/E ratio history for Indoco Remedies from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202223.9-20.53%
202130.0-21.34%
202038.2-34.59%
201958.4

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.