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ASTRAL
PE (Price/Earnings) Ratio

The Current P/E Ratio of ASTRAL is 94.49.

Share Price ₹1,986.8Apr 18,2024
Market Cap ₹53,365.4 Cr
Earnings-TTM₹564.8 CrTTM-Consolidated Results
Price/Earnings94.49xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ASTRAL

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 ASTRAL is calculated as :

Current Market Cap [ ₹53,365.4 Cr] as on Apr 18,2024

(/) Earnings [ ₹564.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 94.49x ]

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

Thus, for ASTRAL , the investors are currently willing to pay 94.49 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 ASTRAL !

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 ASTRAL over the last five years.

Historical PE (Price/Earnings) ratio chart of ASTRAL


PE Ratio Performance Analysis for ASTRAL

- ASTRAL 's latest p/e ratio is 94.49x.

- ASTRAL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 53.14x.

- ASTRAL 's operated at median p/e ratio of 60.27x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASTRAL 's p/e ratio peaked in Mar2023 at 78.76x.

- ASTRAL 's p/e ratio hit its five-year low in Mar2020 of 31.67x.


How does ASTRAL 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ASTRAL 564.8094.4953,365.4
SUPREME INDUSTRIES LTD959.0555.6553,375.4
FINOLEX INDUSTRIES LTD433.6036.2815,732.2
RESPONSIVE INDUSTRIES LTD138.1355.537,670.3
PRINCE PIPES AND FITTINGS LTD222.0030.246,712.7
EPL LTD276.9020.415,652.8
JAI CORP LTD-9.29-571.175,306.2
TIME TECHNOPLAST LTD286.8420.595,907.0
GARWARE HITECH FILMS LTD188.5521.063,970.7
JAIN IRRIGATION SYSTEMS LTD-43.94-84.873,729.1
MOLDTEK PACKAGING LTD71.6139.292,813.3

Plastic Products Industry Benchmark (Top 10) PE Analysis vs ASTRAL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -571.17x
Max industry PE 94.49x
Median industry PE 30.24x
Average industry PE -25.68x



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