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ESTER INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ESTER INDUSTRIES is -6.97.

Share Price ₹85.3Mar 28,2024
Market Cap ₹801.8 Cr
Earnings-TTM₹-115.1 CrTTM-Consolidated Results
Price/Earnings-6.97xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ESTER 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 ESTER INDUSTRIES is calculated as :

Current Market Cap [ ₹801.8 Cr] as on Mar 28,2024

(/) Earnings [ ₹-115.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -6.97x ]

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

Thus, for ESTER INDUSTRIES , the investors are currently willing to pay -6.97 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 ESTER 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 ESTER INDUSTRIES over the last five years.

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


PE Ratio Performance Analysis for ESTER INDUSTRIES

- ESTER INDUSTRIES 's latest p/e ratio is -6.97x.

- ESTER INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2015 averaged 28.62x.

- ESTER INDUSTRIES 's operated at median p/e ratio of 8.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ESTER INDUSTRIES 's p/e ratio peaked in Mar2016 at 95.45x.

- ESTER INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 5.29x.


How does ESTER 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
ESTER INDUSTRIES -115.07-6.97801.8
ASTRAL LTD564.8094.6753,468.9
SUPREME INDUSTRIES LTD959.0556.0053,703.8
FINOLEX INDUSTRIES LTD433.6035.3015,304.1
RESPONSIVE INDUSTRIES LTD138.1354.507,527.8
PRINCE PIPES AND FITTINGS LTD222.0027.366,074.8
EPL LTD276.9020.485,670.3
JAI CORP LTD-9.29-542.555,040.3
TIME TECHNOPLAST LTD286.8419.735,659.6
GARWARE HITECH FILMS LTD188.5521.524,057.2
JAIN IRRIGATION SYSTEMS LTD-43.94-74.363,267.3

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

Top 10 Industry PeersPE Ratio
Min industry PE -542.55x
Max industry PE 94.67x
Median industry PE 21.52x
Average industry PE -26.76x



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