Sudarshan Chemical
SUDARSCHEM.NS
#6023
Rank
$0.50 B
Marketcap
$7.32
Share price
-0.84%
Change (1 day)
57.42%
Change (1 year)

P/E ratio for Sudarshan Chemical (SUDARSCHEM.NS)

P/E ratio as of March 2024 (TTM): 13.6

According to Sudarshan Chemical's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.6225. At the end of 2022 the company had a P/E ratio of 47.0.

P/E ratio history for Sudarshan Chemical from 2019 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202247.069.2%
202127.7-3.34%
202028.745.4%
201919.7

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.