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INDIAN CARD CLOTHING COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDIAN CARD CLOTHING COMPANY is 24.62.

Share Price ₹286.7May 06,2024
Market Cap ₹169.2 Cr
Earnings-TTM₹6.9 CrTTM-Consolidated Results
Price/Earnings24.62xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INDIAN CARD CLOTHING COMPANY

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 INDIAN CARD CLOTHING COMPANY is calculated as :

Current Market Cap [ ₹169.2 Cr] as on May 06,2024

(/) Earnings [ ₹6.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.62x ]

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

Thus, for INDIAN CARD CLOTHING COMPANY , the investors are currently willing to pay 24.62 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 CARD CLOTHING COMPANY !

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 CARD CLOTHING COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of INDIAN CARD CLOTHING COMPANY


PE Ratio Performance Analysis for INDIAN CARD CLOTHING COMPANY

- INDIAN CARD CLOTHING COMPANY 's latest p/e ratio is 24.62x.

- INDIAN CARD CLOTHING COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.03x.

- INDIAN CARD CLOTHING COMPANY 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDIAN CARD CLOTHING COMPANY 's p/e ratio peaked in Mar2023 at 34.28x.

- INDIAN CARD CLOTHING COMPANY 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does INDIAN CARD CLOTHING COMPANY 's P/E Ratio benchmark against top 10 peers in Textile - Machinery Industry?

Peer Comparison (Textile - Machinery Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INDIAN CARD CLOTHING COMPANY 6.8724.62169.2
LAKSHMI MACHINE WORKS LTD401.7844.4317,852.7
STOVEC INDUSTRIES LTD9.0460.30545.0

Textile - Machinery Industry Benchmark (Top 10) PE Analysis vs INDIAN CARD CLOTHING COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 24.62x
Max industry PE 60.30x
Median industry PE 44.43x
Average industry PE 43.12x



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