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BIRLA CABLE
PE (Price/Earnings) Ratio

The Current P/E Ratio of BIRLA CABLE is 20.35.

Share Price ₹225.8Mar 28,2024
Market Cap ₹677.3 Cr
Earnings-TTM₹33.3 CrTTM-Consolidated Results
Price/Earnings20.35xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BIRLA CABLE

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 BIRLA CABLE is calculated as :

Current Market Cap [ ₹677.3 Cr] as on Mar 28,2024

(/) Earnings [ ₹33.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.35x ]

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

Thus, for BIRLA CABLE , the investors are currently willing to pay 20.35 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 BIRLA CABLE !

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 BIRLA CABLE over the last five years.

Historical PE (Price/Earnings) ratio chart of BIRLA CABLE


PE Ratio Performance Analysis for BIRLA CABLE

- BIRLA CABLE 's latest p/e ratio is 20.35x.

- BIRLA CABLE 's p/e ratio for fiscal years ending to Mar 28,2024 averaged nanx.

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

- Looking back at the last 0 fiscal years, BIRLA CABLE 's p/e ratio peaked in at x.

- BIRLA CABLE 's p/e ratio hit its five-year low in of x.


How does BIRLA CABLE 's P/E Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BIRLA CABLE 33.2920.35677.3
POLYCAB INDIA LTD1,683.8845.2076,114.3
KEI INDUSTRIES LTD550.3656.6631,181.1
RR KABEL LTD250.8469.1517,345.9
FINOLEX CABLES LTD488.7431.3215,306.2
STERLITE TECHNOLOGIES LTD94.0047.044,422.2
PRECISION WIRES INDIA LTD63.8135.842,286.8
PARAMOUNT COMMUNICATIONS LTD69.8529.102,032.4
UNIVERSAL CABLES LTD23.2967.711,577.1
DYNAMIC CABLES LTD33.9824.03816.7
DELTON CABLES LTD4.0280.26322.5

Cable Industry Benchmark (Top 10) PE Analysis vs BIRLA CABLE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.35x
Max industry PE 80.26x
Median industry PE 45.20x
Average industry PE 46.06x



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