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DDEV PLASTIKS INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of DDEV PLASTIKS INDUSTRIES is 13.31.

Share Price ₹216.7May 03,2024
Market Cap ₹2,242.3 Cr
Earnings-TTM₹168.4 CrTTM-Standalone Results
Price/Earnings13.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DDEV PLASTIKS 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 DDEV PLASTIKS INDUSTRIES is calculated as :

Current Market Cap [ ₹2,242.3 Cr] as on May 03,2024

(/) Earnings [ ₹168.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 13.31x ]

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

Thus, for DDEV PLASTIKS INDUSTRIES , the investors are currently willing to pay 13.31 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 DDEV PLASTIKS 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 DDEV PLASTIKS INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of DDEV PLASTIKS INDUSTRIES


PE Ratio Performance Analysis for DDEV PLASTIKS INDUSTRIES

- DDEV PLASTIKS INDUSTRIES 's latest p/e ratio is 13.31x.

- DDEV PLASTIKS INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2021 averaged 2.16x.

- DDEV PLASTIKS INDUSTRIES 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, DDEV PLASTIKS INDUSTRIES 's p/e ratio peaked in Mar2023 at 6.49x.

- DDEV PLASTIKS INDUSTRIES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does DDEV PLASTIKS INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DDEV PLASTIKS INDUSTRIES 168.4313.312,242.3
ASTRAL LTD564.8098.4255,585.6
SUPREME INDUSTRIES LTD962.8665.6463,206.0
FINOLEX INDUSTRIES LTD433.6038.7716,808.7
RESPONSIVE INDUSTRIES LTD138.1357.567,950.3
PRINCE PIPES AND FITTINGS LTD222.0031.426,974.8
EPL LTD276.9020.875,780.2
JAI CORP LTD-9.29-606.425,633.7
TIME TECHNOPLAST LTD286.8421.756,239.4
GARWARE HITECH FILMS LTD188.5521.904,129.2
JAIN IRRIGATION SYSTEMS LTD-43.94-101.094,442.0

Plastic Products Industry Benchmark (Top 10) PE Analysis vs DDEV PLASTIKS INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -606.42x
Max industry PE 98.42x
Median industry PE 21.90x
Average industry PE -30.72x



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