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KITEX GARMENTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of KITEX GARMENTS is 44.95.

Share Price ₹182.6Mar 28,2024
Market Cap ₹1,214.3 Cr
Earnings-TTM₹27.0 CrTTM-Consolidated Results
Price/Earnings44.95xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of KITEX GARMENTS

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 KITEX GARMENTS is calculated as :

Current Market Cap [ ₹1,214.3 Cr] as on Mar 28,2024

(/) Earnings [ ₹27.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 44.95x ]

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

Thus, for KITEX GARMENTS , the investors are currently willing to pay 44.95 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 KITEX GARMENTS !

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 KITEX GARMENTS over the last five years.

Historical PE (Price/Earnings) ratio chart of KITEX GARMENTS


PE Ratio Performance Analysis for KITEX GARMENTS

- KITEX GARMENTS 's latest p/e ratio is 44.95x.

- KITEX GARMENTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.31x.

- KITEX GARMENTS 's operated at median p/e ratio of 12.12x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KITEX GARMENTS 's p/e ratio peaked in Mar2023 at 16.16x.

- KITEX GARMENTS 's p/e ratio hit its five-year low in Mar2020 of 5.55x.


How does KITEX GARMENTS 's P/E Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
KITEX GARMENTS 27.0244.951,214.3
PAGE INDUSTRIES LTD539.3471.2038,400.5
KPR MILL LTD801.2935.5228,459.4
VEDANT FASHIONS LTD407.2555.3622,546.8
SWAN ENERGY LTD646.4632.4520,978.1
WELSPUN LIVING LTD671.2219.9313,376.9
ALOK INDUSTRIES LTD-927.48-13.7912,785.5
VARDHMAN TEXTILES LTD557.5923.0112,827.8
ARVIND LTD340.7420.747,068.0
GARWARE TECHNICAL FIBRES LTD198.3734.146,772.2
JINDAL WORLDWIDE LTD74.0184.246,234.2

Textile Industry Benchmark (Top 10) PE Analysis vs KITEX GARMENTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -13.79x
Max industry PE 84.24x
Median industry PE 34.14x
Average industry PE 37.07x



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