GRP
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The Current P/E Ratio of GRP is 61.37.
| Share Price | ₹6,476.9 | Apr 19,2024 |
| Market Cap | ₹842.0 Cr | |
| Earnings-TTM | ₹13.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 61.37x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of GRP
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)
Current Market Cap [ ₹842.0 Cr] as on Apr 19,2024
(/) Earnings [ ₹13.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 61.37x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for GRP , the investors are currently willing to pay 61.37 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 GRP !
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 GRP over the last five years.
Thus, for GRP , the investors are currently willing to pay 61.37 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 GRP !
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 GRP over the last five years.
Historical PE (Price/Earnings) ratio chart of GRP
PE Ratio Performance Analysis for GRP
- GRP 's latest p/e ratio is 61.37x.
- GRP 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 35.22x.
- GRP 's operated at median p/e ratio of 28.08x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GRP 's p/e ratio peaked in Mar2021 at 63.43x.
- GRP 's p/e ratio hit its five-year low in Mar2023 of 24.62x.
- GRP 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 35.22x.
- GRP 's operated at median p/e ratio of 28.08x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GRP 's p/e ratio peaked in Mar2021 at 63.43x.
- GRP 's p/e ratio hit its five-year low in Mar2023 of 24.62x.
How does GRP 's P/E Ratio benchmark against top 10 peers in Rubber Products Industry?
| Peer Comparison (Rubber Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| GRP | 13.72 | 61.37 | 842.0 |
| APCOTEX INDUSTRIES LTD | 61.77 | 38.78 | 2,395.5 |
| PIX TRANSMISSIONS LTD | 77.66 | 23.68 | 1,839.0 |
| RUBFILA INTERNATIONAL LTD | 24.20 | 16.28 | 393.9 |
| INDAG RUBBER LTD | 20.00 | 19.93 | 398.5 |
| CAPTAIN PIPES LTD | 4.18 | 78.51 | 327.8 |
| SOMI CONVEYOR BELTINGS LTD | 4.65 | 34.10 | 158.6 |
| DOLFIN RUBBERS LTD | 4.25 | 44.03 | 187.2 |
Rubber Products Industry Benchmark (Top 10) PE Analysis vs GRP 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 16.28x |
| Max industry PE | 78.51x |
| Median industry PE | 38.78x |
| Average industry PE | 39.58x |
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