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LAKSHMI MILLS COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of LAKSHMI MILLS COMPANY is -23.07.

Share Price ₹5,164.1Apr 26,2024
Market Cap ₹361.5 Cr
Earnings-TTM₹-15.7 CrTTM-Standalone Results
Price/Earnings-23.07xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of LAKSHMI MILLS 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 LAKSHMI MILLS COMPANY is calculated as :

Current Market Cap [ ₹361.5 Cr] as on Apr 26,2024

(/) Earnings [ ₹-15.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -23.07x ]

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

Thus, for LAKSHMI MILLS COMPANY , the investors are currently willing to pay -23.07 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 LAKSHMI MILLS 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 LAKSHMI MILLS COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of LAKSHMI MILLS COMPANY


PE Ratio Performance Analysis for LAKSHMI MILLS COMPANY

- LAKSHMI MILLS COMPANY 's latest p/e ratio is -23.07x.

- LAKSHMI MILLS COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.05x.

- LAKSHMI MILLS 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, LAKSHMI MILLS COMPANY 's p/e ratio peaked in Mar2021 at 43.86x.

- LAKSHMI MILLS COMPANY 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does LAKSHMI MILLS COMPANY 's P/E Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Earnings-TTM (Cr)PE RatioMarket Cap
LAKSHMI MILLS COMPANY -15.67-23.07361.5
PAGE INDUSTRIES LTD539.3472.8539,290.4
KPR MILL LTD801.2936.8829,551.5
VEDANT FASHIONS LTD407.2555.8222,732.6
SWAN ENERGY LTD646.4629.7519,232.2
WELSPUN LIVING LTD672.6322.1114,873.5
ALOK INDUSTRIES LTD-845.86-16.1713,674.3
VARDHMAN TEXTILES LTD557.5923.4113,050.5
ARVIND LTD340.7424.128,219.1
GARWARE TECHNICAL FIBRES LTD198.3732.616,468.2
JINDAL WORLDWIDE LTD74.0191.166,746.5

Textile Industry Benchmark (Top 10) PE Analysis vs LAKSHMI MILLS COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -23.07x
Max industry PE 91.16x
Median industry PE 29.75x
Average industry PE 31.77x



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