FINOLEX INDUSTRIES
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The Current P/E Ratio of FINOLEX INDUSTRIES is 39.24.
Share Price | ₹274.2 | Apr 24,2024 |
Market Cap | ₹17,014.1 Cr | |
Earnings-TTM | ₹433.6 Cr | TTM-Consolidated Results |
Price/Earnings | 39.24x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of FINOLEX INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹17,014.1 Cr] as on Apr 24,2024
(/) Earnings [ ₹433.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 39.24x ]
Thus, for FINOLEX INDUSTRIES , the investors are currently willing to pay 39.24 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 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 FINOLEX INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of FINOLEX INDUSTRIES
PE Ratio Performance Analysis for FINOLEX INDUSTRIES
- FINOLEX INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.66x.
- FINOLEX INDUSTRIES 's operated at median p/e ratio of 9.14x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, FINOLEX INDUSTRIES 's p/e ratio peaked in Mar2023 at 42.12x.
- FINOLEX INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 2.92x.
How does FINOLEX INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
FINOLEX INDUSTRIES | 433.60 | 39.24 | 17,014.1 |
ASTRAL LTD | 564.80 | 94.62 | 53,440.7 |
SUPREME INDUSTRIES LTD | 959.05 | 56.27 | 53,968.0 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 56.18 | 7,759.6 |
PRINCE PIPES AND FITTINGS LTD | 222.00 | 31.26 | 6,938.8 |
EPL LTD | 276.90 | 20.15 | 5,579.6 |
JAI CORP LTD | -9.29 | -611.22 | 5,678.3 |
TIME TECHNOPLAST LTD | 286.84 | 22.18 | 6,360.8 |
GARWARE HITECH FILMS LTD | 188.55 | 21.69 | 4,090.1 |
JAIN IRRIGATION SYSTEMS LTD | -43.94 | -91.81 | 4,034.2 |
MOLDTEK PACKAGING LTD | 71.61 | 39.44 | 2,824.5 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs FINOLEX INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -611.22x |
Max industry PE | 94.62x |
Median industry PE | 31.26x |
Average industry PE | -29.27x |
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