Home > PE Ratio > KITEX GARMENTS

KITEX GARMENTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of KITEX GARMENTS is 49.72.

Share Price ₹202.0May 06,2024
Market Cap ₹1,343.3 Cr
Earnings-TTM₹27.0 CrTTM-Consolidated Results
Price/Earnings49.72xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for KITEX GARMENTS
Please provide your vote to see the results
KITEX GARMENTS is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks

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 [ ₹1,343.3 Cr] as on May 06,2024

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

(=) P/E Ratio [ 49.72x ]

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 49.72 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 49.72x.

- 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 27.0249.721,343.3
PAGE INDUSTRIES LTD539.3471.1538,373.1
KPR MILL LTD805.3535.6228,683.3
VEDANT FASHIONS LTD414.1754.3022,488.8
SWAN ENERGY LTD646.4627.6917,898.4
WELSPUN LIVING LTD672.6321.7414,625.7
ALOK INDUSTRIES LTD-845.86-15.6113,202.6
VARDHMAN TEXTILES LTD557.5922.7612,689.0
ARVIND LTD352.7124.648,691.4
GARWARE TECHNICAL FIBRES LTD198.3731.996,346.8
JINDAL WORLDWIDE LTD74.0192.256,826.7

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

Top 10 Industry PeersPE Ratio
Min industry PE -15.61x
Max industry PE 92.25x
Median industry PE 31.99x
Average industry PE 37.84x



You may also like the below Video Courses