Engro Polymer & Chemicals Limited (EPCL) valuation

At Rs 31.77 (close on 16 Oct 2026) EPCL trades at 30.0× earnings (TTM to Jun 2026), above its five-year average of 5.0× and above the Chemical median of 9.5×. The shares are priced at 1.27× book value (sector median 1.41×). Enterprise value of Rs 59.2 bn is 5.0× EBITDA.

P/E · today: 30.0×; TTM to Jun 2026; 5-yr average5.0× Sector median9.5×
P/B · today: 1.27×; Quarter to Jun 2026; 5-yr average1.54× Sector median1.41×
EV/EBITDA · today: 5.0×; 5-yr average4.2× Sector median5.7×
Dividend yield · today: 0.0%; FY2025; 5-yr average16.9% Payers' median4.5%

Market value Rs 28.9 bn at Rs 31.77. Sector medians use the latest close of 25 Chemical companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average

Valuation history

At each fiscal year-end price.

EPCL valuation history (annual) (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Market capitalisation	33.2	37.1	45.9	42.2	52.6	46.8	30.2	33.8	18.9	12.2	6.9	8.0	8.9	6.7	4.8	9.5	9.3	7.6	—	—
Enterprise value	66.6	78.5	76.6	56.8	65.0	60.8	47.2	32.1	26.8	20.6	17.7	16.9	18.0	17.9	16.4	22.8	21.8	16.4	—	—
Share price (period end) Rs	32.60	37.07	46.59	42.32	54.21	47.51	33.21	37.14	25.63	16.56	9.37	10.77	12.03	9.08	6.52	12.80	14.60	11.93	—	—
P/E (diluted)	—	—	6.31×	4.38×	4.43×	7.54×	8.17×	5.97×	9.23×	18.56×	—	—	12.59×	87.19×	—	—	—	21.66×	—	—
Price to book	1.40×	1.33×	1.65×	1.59×	1.83×	1.87×	1.70×	2.01×	2.44×	2.04×	1.30×	1.33×	1.25×	1.05×	0.76×	1.34×	1.32×	1.16×	—	—
Price to sales	0.38×	0.45×	0.69×	0.62×	0.94×	1.22×	0.80×	0.83×	0.68×	0.54×	0.31×	0.33×	0.36×	0.33×	0.28×	0.46×	0.82×	0.80×	—	—
EV / EBITDA	10.55×	11.75×	3.60×	2.43×	2.76×	5.28×	5.70×	4.08×	5.38×	6.83×	7.64×	17.14×	4.24×	5.12×	8.15×	3.63×	20.97×	6.84×	—	—
EV / Sales	0.85×	1.04×	0.94×	0.69×	0.93×	1.72×	1.25×	0.91×	0.97×	0.90×	0.80×	0.71×	0.73×	0.87×	0.96×	1.16×	1.87×	1.73×	—	—
Dividend yield (gross)	0.0%	2.7%	16.1%	36.6%	22.2%	0.4%	2.7%	4.1%	1.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—
Free cash flow yield	28.2%	(26.6%)	(17.9%)	22.7%	16.6%	7.1%	(18.5%)	18.2%	4.2%	20.1%	(26.2%)	1.7%	26.7%	9.4%	37.7%	(25.0%)	(31.1%)	(144.0%)	—	—
PEG ratio	—	—	(0.27×)	(0.21×)	0.05×	0.14×	(0.24×)	0.05×	0.04×	0.09×	—	—	0.02×	0.79×	—	—	—	(0.37×)	—	—
P/E (diluted, normalised)	—	—	7.10×	4.93×	4.81×	8.79×	10.52×	6.50×	8.77×	18.56×	—	—	12.45×	79.82×	—	—	—	21.66×	—	—
Price to book — 5-year average	1.54×	1.63×	1.73×	1.79×	1.91×	1.95×	1.91×	1.90×	1.71×	1.38×	1.13×	1.15×	1.16×	1.14×	—	—	—	—	—	—
EV / EBITDA — 5-year average	4.23×	3.91×	3.48×	3.51×	4.12×	5.26×	5.45×	5.95×	6.43×	6.48×	6.66×	5.40×	5.68×	6.26×	—	—	—	—	—	—
Dividend yield — 5-year average	16.9%	15.9%	16.1%	14.1%	7.6%	1.9%	2.3%	1.9%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—

EPCL valuation: frequently asked questions

What is EPCL's P/E ratio?

At the closing price of Rs 31.77 on 16 Oct 2026, EPCL trades at a P/E of 30.0× based on EPS of Rs 1.06 (TTM to Jun 2026).

What is EPCL's book value per share?

Engro Polymer & Chemicals Limited's book value per share was Rs 23.27 at the end of FY2025. The shares trade at 1.27× book value.

Information only, not investment advice.