AXITA COTTON
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The Current P/E Ratio of AXITA COTTON is 28.40.
Share Price | ₹22.1 | May 15,2024 |
Market Cap | ₹577.6 Cr | |
Earnings-TTM | ₹20.3 Cr | TTM-Standalone Results |
Price/Earnings | 28.40x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of AXITA COTTON
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹577.6 Cr] as on May 15,2024
(/) Earnings [ ₹20.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 28.40x ]
Thus, for AXITA COTTON , the investors are currently willing to pay 28.40 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 AXITA COTTON !
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 AXITA COTTON over the last five years.
Historical PE (Price/Earnings) ratio chart of AXITA COTTON
PE Ratio Performance Analysis for AXITA COTTON
- AXITA COTTON 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.16x.
- AXITA COTTON 's operated at median p/e ratio of 3.84x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, AXITA COTTON 's p/e ratio peaked in Mar2023 at 65.56x.
- AXITA COTTON 's p/e ratio hit its five-year low in Mar2021 of 0.95x.
How does AXITA COTTON 's P/E Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
AXITA COTTON | 20.34 | 28.40 | 577.6 |
PAGE INDUSTRIES LTD | 539.34 | 72.42 | 39,057.4 |
KPR MILL LTD | 805.35 | 34.90 | 28,107.4 |
VEDANT FASHIONS LTD | 414.17 | 61.12 | 25,315.8 |
SWAN ENERGY LTD | 646.46 | 28.30 | 18,291.8 |
WELSPUN LIVING LTD | 672.63 | 20.47 | 13,765.7 |
ALOK INDUSTRIES LTD | -845.86 | -15.64 | 13,232.4 |
VARDHMAN TEXTILES LTD | 594.05 | 22.15 | 13,156.0 |
ARVIND LTD | 352.71 | 27.16 | 9,579.6 |
GARWARE TECHNICAL FIBRES LTD | 198.37 | 32.99 | 6,544.3 |
JINDAL WORLDWIDE LTD | 74.01 | 94.22 | 6,973.1 |
Textile Industry Benchmark (Top 10) PE Analysis vs AXITA COTTON 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -15.64x |
Max industry PE | 94.22x |
Median industry PE | 28.40x |
Average industry PE | 36.95x |
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