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MITSU CHEM PLAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of MITSU CHEM PLAST is 22.25.

Share Price ₹152.6Apr 19,2024
Market Cap ₹207.5 Cr
Earnings-TTM₹9.3 CrTTM-Standalone Results
Price/Earnings22.25xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MITSU CHEM PLAST

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 MITSU CHEM PLAST is calculated as :

Current Market Cap [ ₹207.5 Cr] as on Apr 19,2024

(/) Earnings [ ₹9.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 22.25x ]

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

Thus, for MITSU CHEM PLAST , the investors are currently willing to pay 22.25 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 MITSU CHEM PLAST !

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 MITSU CHEM PLAST over the last five years.

Historical PE (Price/Earnings) ratio chart of MITSU CHEM PLAST


PE Ratio Performance Analysis for MITSU CHEM PLAST

- MITSU CHEM PLAST 's latest p/e ratio is 22.25x.

- MITSU CHEM PLAST 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.42x.

- MITSU CHEM PLAST 's operated at median p/e ratio of 14.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MITSU CHEM PLAST 's p/e ratio peaked in Mar2022 at 26.32x.

- MITSU CHEM PLAST 's p/e ratio hit its five-year low in Mar2019 of 6.39x.


How does MITSU CHEM PLAST 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MITSU CHEM PLAST 9.3322.25207.5
ASTRAL LTD564.8092.4652,222.4
SUPREME INDUSTRIES LTD959.0553.8851,672.0
FINOLEX INDUSTRIES LTD433.6036.0615,636.0
RESPONSIVE INDUSTRIES LTD138.1355.067,605.0
PRINCE PIPES AND FITTINGS LTD222.0030.526,774.6
EPL LTD276.9020.405,648.0
JAI CORP LTD-9.29-565.515,253.6
TIME TECHNOPLAST LTD286.8420.926,000.0
GARWARE HITECH FILMS LTD188.5520.833,926.6
JAIN IRRIGATION SYSTEMS LTD-43.94-86.373,795.2

Plastic Products Industry Benchmark (Top 10) PE Analysis vs MITSU CHEM PLAST 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -565.51x
Max industry PE 92.46x
Median industry PE 22.25x
Average industry PE -27.23x



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