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GINNI FILAMENTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of GINNI FILAMENTS is -7.66.

Share Price ₹34.8Apr 30,2024
Market Cap ₹298.2 Cr
Earnings-TTM₹-38.9 CrTTM-Standalone Results
Price/Earnings-7.66xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GINNI FILAMENTS

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 GINNI FILAMENTS is calculated as :

Current Market Cap [ ₹298.2 Cr] as on Apr 30,2024

(/) Earnings [ ₹-38.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -7.66x ]

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

Thus, for GINNI FILAMENTS , the investors are currently willing to pay -7.66 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 GINNI FILAMENTS !

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 GINNI FILAMENTS over the last five years.

Historical PE (Price/Earnings) ratio chart of GINNI FILAMENTS


PE Ratio Performance Analysis for GINNI FILAMENTS

- GINNI FILAMENTS 's latest p/e ratio is -7.66x.

- GINNI FILAMENTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.79x.

- GINNI FILAMENTS 's operated at median p/e ratio of 3.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GINNI FILAMENTS 's p/e ratio peaked in Mar2022 at 7.7x.

- GINNI FILAMENTS 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does GINNI FILAMENTS 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GINNI FILAMENTS -38.94-7.66298.2
TRIDENT LTD421.6247.5720,057.7
FILATEX INDIA LTD110.6625.562,828.7
NITIN SPINNERS LTD130.8815.902,081.6
NAHAR SPINNING MILLS LTD-40.92-25.121,028.0
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-7.34983.1
AMBIKA COTTON MILLS LTD65.0213.62885.3
RAJAPALAYAM MILLS LTD6.90130.41899.8
NAHAR INDUSTRIAL ENTERPRISES LTD3.43164.10562.5
SUPER SALES INDIA LTD27.0420.46553.1
PRECOT LTD-4.26-112.57480.0

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs GINNI FILAMENTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -112.57x
Max industry PE 164.10x
Median industry PE 15.90x
Average industry PE 24.08x



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