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BHANDARI HOSIERY EXPORTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHANDARI HOSIERY EXPORTS is 21.54.

Share Price ₹8.6Jun 14,2024
Market Cap ₹140.7 Cr
Earnings-TTM₹6.5 CrTTM-Standalone Results
Price/Earnings21.54xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BHANDARI HOSIERY EXPORTS

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 BHANDARI HOSIERY EXPORTS is calculated as :

Current Market Cap [ ₹140.7 Cr] as on Jun 14,2024

(/) Earnings [ ₹6.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 21.54x ]

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

Thus, for BHANDARI HOSIERY EXPORTS , the investors are currently willing to pay 21.54 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 BHANDARI HOSIERY EXPORTS !

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 BHANDARI HOSIERY EXPORTS over the last five years.

Historical PE (Price/Earnings) ratio chart of BHANDARI HOSIERY EXPORTS


PE Ratio Performance Analysis for BHANDARI HOSIERY EXPORTS

- BHANDARI HOSIERY EXPORTS 's latest p/e ratio is 21.54x.

- BHANDARI HOSIERY EXPORTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.50x.

- BHANDARI HOSIERY EXPORTS 's operated at median p/e ratio of 9.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHANDARI HOSIERY EXPORTS 's p/e ratio peaked in Mar2021 at 19.06x.

- BHANDARI HOSIERY EXPORTS 's p/e ratio hit its five-year low in Mar2020 of 2.07x.


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

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BHANDARI HOSIERY EXPORTS 6.5321.54140.7
PAGE INDUSTRIES LTD569.1975.4442,937.3
KPR MILL LTD805.3536.1529,117.4
VEDANT FASHIONS LTD414.1767.1127,797.1
SWAN ENERGY LTD585.9734.0919,975.0
WELSPUN LIVING LTD672.6320.8214,003.8
ALOK INDUSTRIES LTD-845.86-16.2213,719.0
VARDHMAN TEXTILES LTD594.0522.9613,640.4
ARVIND LTD352.7128.029,884.4
GARWARE TECHNICAL FIBRES LTD208.1839.398,200.9
JINDAL WORLDWIDE LTD75.6697.357,365.1

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

Top 10 Industry PeersPE Ratio
Min industry PE -16.22x
Max industry PE 97.35x
Median industry PE 34.09x
Average industry PE 38.79x



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