AXITA COTTON
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The Current P/E Ratio of AXITA COTTON is 29.13.
Share Price | ₹22.7 | May 08,2024 |
Market Cap | ₹592.5 Cr | |
Earnings-TTM | ₹20.3 Cr | TTM-Standalone Results |
Price/Earnings | 29.13x | 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 [ ₹592.5 Cr] as on May 08,2024
(/) Earnings [ ₹20.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 29.13x ]
Thus, for AXITA COTTON , the investors are currently willing to pay 29.13 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 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 | 29.13 | 592.5 |
PAGE INDUSTRIES LTD | 539.34 | 71.29 | 38,449.0 |
KPR MILL LTD | 805.35 | 34.58 | 27,849.3 |
VEDANT FASHIONS LTD | 414.17 | 56.78 | 23,514.9 |
SWAN ENERGY LTD | 646.46 | 27.44 | 17,737.0 |
WELSPUN LIVING LTD | 672.63 | 20.45 | 13,756.0 |
ALOK INDUSTRIES LTD | -845.86 | -15.39 | 13,018.9 |
VARDHMAN TEXTILES LTD | 557.59 | 22.42 | 12,503.9 |
ARVIND LTD | 352.71 | 26.94 | 9,502.4 |
GARWARE TECHNICAL FIBRES LTD | 198.37 | 32.11 | 6,370.4 |
JINDAL WORLDWIDE LTD | 74.01 | 90.69 | 6,711.4 |
Textile Industry Benchmark (Top 10) PE Analysis vs AXITA COTTON 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -15.39x |
Max industry PE | 90.69x |
Median industry PE | 29.13x |
Average industry PE | 36.04x |
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