GINNI FILAMENTS
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The Current P/E Ratio of GINNI FILAMENTS is -7.66.
Share Price | ₹34.8 | Apr 30,2024 |
Market Cap | ₹298.2 Cr | |
Earnings-TTM | ₹-38.9 Cr | TTM-Standalone Results |
Price/Earnings | -7.66x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GINNI FILAMENTS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
GINNI FILAMENTS | -38.94 | -7.66 | 298.2 |
TRIDENT LTD | 421.62 | 47.57 | 20,057.7 |
FILATEX INDIA LTD | 110.66 | 25.56 | 2,828.7 |
NITIN SPINNERS LTD | 130.88 | 15.90 | 2,081.6 |
NAHAR SPINNING MILLS LTD | -40.92 | -25.12 | 1,028.0 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | -133.86 | -7.34 | 983.1 |
AMBIKA COTTON MILLS LTD | 65.02 | 13.62 | 885.3 |
RAJAPALAYAM MILLS LTD | 6.90 | 130.41 | 899.8 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 3.43 | 164.10 | 562.5 |
SUPER SALES INDIA LTD | 27.04 | 20.46 | 553.1 |
PRECOT LTD | -4.26 | -112.57 | 480.0 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs GINNI FILAMENTS 's P/E Ratio
Top 10 Industry Peers | PE 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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