INDIAN ACRYLICS
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The Current P/E Ratio of INDIAN ACRYLICS is -7.73.
Share Price | ₹13.0 | Apr 19,2024 |
Market Cap | ₹175.3 Cr | |
Earnings-TTM | ₹-22.7 Cr | TTM-Consolidated Results |
Price/Earnings | -7.73x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of INDIAN ACRYLICS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹175.3 Cr] as on Apr 19,2024
(/) Earnings [ ₹-22.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -7.73x ]
Thus, for INDIAN ACRYLICS , the investors are currently willing to pay -7.73 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 INDIAN ACRYLICS !
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 INDIAN ACRYLICS over the last five years.
Historical PE (Price/Earnings) ratio chart of INDIAN ACRYLICS
PE Ratio Performance Analysis for INDIAN ACRYLICS
- INDIAN ACRYLICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.07x.
- INDIAN ACRYLICS 's operated at median p/e ratio of 8.83x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INDIAN ACRYLICS 's p/e ratio peaked in Mar2021 at 21.37x.
- INDIAN ACRYLICS 's p/e ratio hit its five-year low in Mar2022 of 0x.
How does INDIAN ACRYLICS '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 |
---|---|---|---|
INDIAN ACRYLICS | -22.68 | -7.73 | 175.3 |
TRIDENT LTD | 421.62 | 46.67 | 19,675.5 |
FILATEX INDIA LTD | 94.43 | 27.25 | 2,573.5 |
NITIN SPINNERS LTD | 130.88 | 14.85 | 1,943.5 |
NAHAR SPINNING MILLS LTD | -40.92 | -24.80 | 1,014.9 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | -133.86 | -6.83 | 914.8 |
AMBIKA COTTON MILLS LTD | 65.02 | 13.66 | 888.4 |
RAJAPALAYAM MILLS LTD | 6.90 | 123.56 | 852.6 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 3.43 | 155.34 | 532.5 |
SUPER SALES INDIA LTD | 27.04 | 19.48 | 526.7 |
PRECOT LTD | -4.26 | -106.59 | 454.5 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs INDIAN ACRYLICS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -106.59x |
Max industry PE | 155.34x |
Median industry PE | 14.85x |
Average industry PE | 23.17x |
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