FINOLEX CABLES
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The Current P/E Ratio of FINOLEX CABLES is 30.33.
Share Price | ₹969.5 | Apr 19,2024 |
Market Cap | ₹14,823.7 Cr | |
Earnings-TTM | ₹488.7 Cr | TTM-Consolidated Results |
Price/Earnings | 30.33x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of FINOLEX CABLES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹14,823.7 Cr] as on Apr 19,2024
(/) Earnings [ ₹488.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 30.33x ]
Thus, for FINOLEX CABLES , the investors are currently willing to pay 30.33 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 FINOLEX CABLES !
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 FINOLEX CABLES over the last five years.
Historical PE (Price/Earnings) ratio chart of FINOLEX CABLES
PE Ratio Performance Analysis for FINOLEX CABLES
- FINOLEX CABLES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.55x.
- FINOLEX CABLES 's operated at median p/e ratio of 12.62x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, FINOLEX CABLES 's p/e ratio peaked in Mar2023 at 24.62x.
- FINOLEX CABLES 's p/e ratio hit its five-year low in Mar2020 of 7.95x.
How does FINOLEX CABLES 's P/E Ratio benchmark against top 10 peers in Cable Industry?
Peer Comparison (Cable Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
FINOLEX CABLES | 488.74 | 30.33 | 14,823.7 |
POLYCAB INDIA LTD | 1,683.88 | 47.22 | 79,518.0 |
KEI INDUSTRIES LTD | 550.36 | 61.67 | 33,941.6 |
RR KABEL LTD | 250.84 | 71.56 | 17,949.5 |
STERLITE TECHNOLOGIES LTD | 94.00 | 65.54 | 6,160.5 |
PRECISION WIRES INDIA LTD | 63.81 | 34.76 | 2,218.0 |
PARAMOUNT COMMUNICATIONS LTD | 69.85 | 34.15 | 2,385.3 |
UNIVERSAL CABLES LTD | 23.29 | 79.65 | 1,855.2 |
DYNAMIC CABLES LTD | 33.98 | 29.05 | 987.2 |
BIRLA CABLE LTD | 33.29 | 23.36 | 777.5 |
DELTON CABLES LTD | 4.02 | 76.42 | 307.1 |
Cable Industry Benchmark (Top 10) PE Analysis vs FINOLEX CABLES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 23.36x |
Max industry PE | 79.65x |
Median industry PE | 47.22x |
Average industry PE | 50.34x |
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