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JAIN IRRIGATION SYSTEMS
PE (Price/Earnings) Ratio

The Current P/E Ratio of JAIN IRRIGATION SYSTEMS is -90.14.

Share Price ₹59.3Apr 26,2024
Market Cap ₹3,960.9 Cr
Earnings-TTM₹-43.9 CrTTM-Consolidated Results
Price/Earnings-90.14xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JAIN IRRIGATION SYSTEMS

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 JAIN IRRIGATION SYSTEMS is calculated as :

Current Market Cap [ ₹3,960.9 Cr] as on Apr 26,2024

(/) Earnings [ ₹-43.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -90.14x ]

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

Thus, for JAIN IRRIGATION SYSTEMS , the investors are currently willing to pay -90.14 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 JAIN IRRIGATION SYSTEMS !

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 JAIN IRRIGATION SYSTEMS over the last five years.

Historical PE (Price/Earnings) ratio chart of JAIN IRRIGATION SYSTEMS


PE Ratio Performance Analysis for JAIN IRRIGATION SYSTEMS

- JAIN IRRIGATION SYSTEMS 's latest p/e ratio is -90.14x.

- JAIN IRRIGATION SYSTEMS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.59x.

- JAIN IRRIGATION SYSTEMS 's operated at median p/e ratio of 2.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JAIN IRRIGATION SYSTEMS 's p/e ratio peaked in Mar2019 at 12.71x.

- JAIN IRRIGATION SYSTEMS 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does JAIN IRRIGATION SYSTEMS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JAIN IRRIGATION SYSTEMS -43.94-90.143,960.9
ASTRAL LTD564.8096.9954,782.4
SUPREME INDUSTRIES LTD959.0558.3155,921.0
FINOLEX INDUSTRIES LTD433.6039.0916,951.4
RESPONSIVE INDUSTRIES LTD138.1355.577,675.7
PRINCE PIPES AND FITTINGS LTD222.0031.647,023.4
EPL LTD276.9020.875,780.2
JAI CORP LTD-9.29-609.595,663.1
TIME TECHNOPLAST LTD286.8421.536,175.9
GARWARE HITECH FILMS LTD188.5521.614,074.4
MOLDTEK PACKAGING LTD71.6139.282,813.0

Plastic Products Industry Benchmark (Top 10) PE Analysis vs JAIN IRRIGATION SYSTEMS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -609.59x
Max industry PE 96.99x
Median industry PE 31.64x
Average industry PE -28.62x



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