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AXITA COTTON
PE (Price/Earnings) Ratio

The Current P/E Ratio of AXITA COTTON is 29.13.

Share Price ₹22.7May 08,2024
Market Cap ₹592.5 Cr
Earnings-TTM₹20.3 CrTTM-Standalone Results
Price/Earnings29.13xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AXITA COTTON

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 AXITA COTTON is calculated as :

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 ]

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

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 latest p/e ratio is 29.13x.

- 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 RatioMarket Cap
AXITA COTTON 20.3429.13592.5
PAGE INDUSTRIES LTD539.3471.2938,449.0
KPR MILL LTD805.3534.5827,849.3
VEDANT FASHIONS LTD414.1756.7823,514.9
SWAN ENERGY LTD646.4627.4417,737.0
WELSPUN LIVING LTD672.6320.4513,756.0
ALOK INDUSTRIES LTD-845.86-15.3913,018.9
VARDHMAN TEXTILES LTD557.5922.4212,503.9
ARVIND LTD352.7126.949,502.4
GARWARE TECHNICAL FIBRES LTD198.3732.116,370.4
JINDAL WORLDWIDE LTD74.0190.696,711.4

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

Top 10 Industry PeersPE 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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