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GARWARE HITECH FILMS
PE (Price/Earnings) Ratio

The Current P/E Ratio of GARWARE HITECH FILMS is 21.66.

Share Price ₹1,760.5Apr 24,2024
Market Cap ₹4,084.4 Cr
Earnings-TTM₹188.6 CrTTM-Consolidated Results
Price/Earnings21.66xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GARWARE HITECH FILMS

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 GARWARE HITECH FILMS is calculated as :

Current Market Cap [ ₹4,084.4 Cr] as on Apr 24,2024

(/) Earnings [ ₹188.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.66x ]

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

Thus, for GARWARE HITECH FILMS , the investors are currently willing to pay 21.66 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 GARWARE HITECH FILMS !

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 GARWARE HITECH FILMS over the last five years.

Historical PE (Price/Earnings) ratio chart of GARWARE HITECH FILMS


PE Ratio Performance Analysis for GARWARE HITECH FILMS

- GARWARE HITECH FILMS 's latest p/e ratio is 21.66x.

- GARWARE HITECH FILMS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.11x.

- GARWARE HITECH FILMS 's operated at median p/e ratio of 7.32x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARWARE HITECH FILMS 's p/e ratio peaked in Mar2021 at 12.9x.

- GARWARE HITECH FILMS 's p/e ratio hit its five-year low in Mar2020 of 4.47x.


How does GARWARE HITECH FILMS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GARWARE HITECH FILMS 188.5521.664,084.4
ASTRAL LTD564.8094.6253,440.7
SUPREME INDUSTRIES LTD959.0556.2753,968.0
FINOLEX INDUSTRIES LTD433.6039.2417,013.5
RESPONSIVE INDUSTRIES LTD138.1356.187,759.6
PRINCE PIPES AND FITTINGS LTD222.0031.266,938.8
EPL LTD276.9020.155,579.6
JAI CORP LTD-9.29-611.225,678.3
TIME TECHNOPLAST LTD286.8422.186,360.8
JAIN IRRIGATION SYSTEMS LTD-43.94-91.814,034.2
MOLDTEK PACKAGING LTD71.6139.442,824.5

Plastic Products Industry Benchmark (Top 10) PE Analysis vs GARWARE HITECH FILMS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -611.22x
Max industry PE 94.62x
Median industry PE 31.26x
Average industry PE -29.28x



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