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BINNY
PE (Price/Earnings) Ratio

The Current P/E Ratio of BINNY is 8.09.

Share Price ₹166.7May 13,2024
Market Cap ₹371.7 Cr
Earnings-TTM₹45.9 CrTTM-Standalone Results
Price/Earnings8.09xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BINNY

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 BINNY is calculated as :

Current Market Cap [ ₹371.7 Cr] as on May 13,2024

(/) Earnings [ ₹45.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 8.09x ]

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

Thus, for BINNY , the investors are currently willing to pay 8.09 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 BINNY !

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 BINNY over the last five years.

Historical PE (Price/Earnings) ratio chart of BINNY


PE Ratio Performance Analysis for BINNY

- BINNY 's latest p/e ratio is 8.09x.

- BINNY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.94x.

- BINNY 's operated at median p/e ratio of 8.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BINNY 's p/e ratio peaked in Mar2022 at 27.92x.

- BINNY 's p/e ratio hit its five-year low in Mar2020 of 0x.


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

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BINNY 45.938.09371.7
PAGE INDUSTRIES LTD539.3472.6139,159.0
KPR MILL LTD805.3534.1227,476.7
VEDANT FASHIONS LTD414.1758.2724,131.8
SWAN ENERGY LTD646.4625.9716,790.3
WELSPUN LIVING LTD672.6320.1313,537.3
ALOK INDUSTRIES LTD-845.86-14.9712,661.4
VARDHMAN TEXTILES LTD594.0521.7712,934.8
ARVIND LTD352.7127.429,671.2
GARWARE TECHNICAL FIBRES LTD198.3731.856,318.0
JINDAL WORLDWIDE LTD74.0198.647,300.0

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

Top 10 Industry PeersPE Ratio
Min industry PE -14.97x
Max industry PE 98.64x
Median industry PE 27.42x
Average industry PE 34.90x



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