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FINOLEX CABLES
PE (Price/Earnings) Ratio

The Current P/E Ratio of FINOLEX CABLES is 30.33.

Share Price ₹969.5Apr 19,2024
Market Cap ₹14,823.7 Cr
Earnings-TTM₹488.7 CrTTM-Consolidated Results
Price/Earnings30.33xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of FINOLEX CABLES

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 FINOLEX CABLES is calculated as :

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 ]

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

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 latest p/e ratio is 30.33x.

- 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 RatioMarket Cap
FINOLEX CABLES 488.7430.3314,823.7
POLYCAB INDIA LTD1,683.8847.2279,518.0
KEI INDUSTRIES LTD550.3661.6733,941.6
RR KABEL LTD250.8471.5617,949.5
STERLITE TECHNOLOGIES LTD94.0065.546,160.5
PRECISION WIRES INDIA LTD63.8134.762,218.0
PARAMOUNT COMMUNICATIONS LTD69.8534.152,385.3
UNIVERSAL CABLES LTD23.2979.651,855.2
DYNAMIC CABLES LTD33.9829.05987.2
BIRLA CABLE LTD33.2923.36777.5
DELTON CABLES LTD4.0276.42307.1

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

Top 10 Industry PeersPE 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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