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ASHIMA
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASHIMA is -68.13.

Share Price ₹18.7Apr 18,2024
Market Cap ₹359.1 Cr
Earnings-TTM₹-5.3 CrTTM-Standalone Results
Price/Earnings-68.13xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASHIMA

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 ASHIMA is calculated as :

Current Market Cap [ ₹359.1 Cr] as on Apr 18,2024

(/) Earnings [ ₹-5.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -68.13x ]

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

Thus, for ASHIMA , the investors are currently willing to pay -68.13 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 ASHIMA !

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 ASHIMA over the last five years.

Historical PE (Price/Earnings) ratio chart of ASHIMA


PE Ratio Performance Analysis for ASHIMA

- ASHIMA 's latest p/e ratio is -68.13x.

- ASHIMA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.00x.

- ASHIMA 's operated at median p/e ratio of 3.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASHIMA 's p/e ratio peaked in Mar2021 at 136.14x.

- ASHIMA 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ASHIMA 's P/E Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASHIMA -5.27-68.13359.1
PAGE INDUSTRIES LTD539.3473.1839,467.5
KPR MILL LTD801.2935.4628,409.9
VEDANT FASHIONS LTD407.2553.8521,931.2
SWAN ENERGY LTD646.4629.9319,346.6
WELSPUN LIVING LTD671.2221.3014,300.2
ALOK INDUSTRIES LTD-927.48-15.3914,275.1
VARDHMAN TEXTILES LTD557.5924.3913,599.9
ARVIND LTD340.7423.758,090.9
GARWARE TECHNICAL FIBRES LTD198.3732.766,498.5
JINDAL WORLDWIDE LTD74.0188.516,550.0

Textile Industry Benchmark (Top 10) PE Analysis vs ASHIMA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -68.13x
Max industry PE 88.51x
Median industry PE 29.93x
Average industry PE 27.24x



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