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DAMODAR INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of DAMODAR INDUSTRIES is 38.96.

Share Price ₹51.5Apr 26,2024
Market Cap ₹120.1 Cr
Earnings-TTM₹3.1 CrTTM-Standalone Results
Price/Earnings38.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DAMODAR INDUSTRIES

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 DAMODAR INDUSTRIES is calculated as :

Current Market Cap [ ₹120.1 Cr] as on Apr 26,2024

(/) Earnings [ ₹3.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 38.96x ]

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

Thus, for DAMODAR INDUSTRIES , the investors are currently willing to pay 38.96 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 DAMODAR INDUSTRIES !

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 DAMODAR INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of DAMODAR INDUSTRIES


PE Ratio Performance Analysis for DAMODAR INDUSTRIES

- DAMODAR INDUSTRIES 's latest p/e ratio is 38.96x.

- DAMODAR INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 26.65x.

- DAMODAR INDUSTRIES 's operated at median p/e ratio of 7.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DAMODAR INDUSTRIES 's p/e ratio peaked in Mar2023 at 114.89x.

- DAMODAR INDUSTRIES 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does DAMODAR INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DAMODAR INDUSTRIES 3.0838.96120.1
TRIDENT LTD421.6248.1020,281.9
FILATEX INDIA LTD94.4329.752,809.2
NITIN SPINNERS LTD130.8815.231,993.0
NAHAR SPINNING MILLS LTD-40.92-25.161,029.5
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-7.23967.6
AMBIKA COTTON MILLS LTD65.0213.54880.1
RAJAPALAYAM MILLS LTD6.90132.46914.0
NAHAR INDUSTRIAL ENTERPRISES LTD3.43164.10562.5
SUPER SALES INDIA LTD27.0419.96539.5
PRECOT LTD-4.26-115.37491.9

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs DAMODAR INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -115.37x
Max industry PE 164.10x
Median industry PE 19.96x
Average industry PE 28.58x



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