MITSU CHEM PLAST
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The Current P/E Ratio of MITSU CHEM PLAST is 22.25.
Share Price | ₹152.6 | Apr 19,2024 |
Market Cap | ₹207.5 Cr | |
Earnings-TTM | ₹9.3 Cr | TTM-Standalone Results |
Price/Earnings | 22.25x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MITSU CHEM PLAST
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
MITSU CHEM PLAST | 9.33 | 22.25 | 207.5 |
ASTRAL LTD | 564.80 | 92.46 | 52,222.4 |
SUPREME INDUSTRIES LTD | 959.05 | 53.88 | 51,672.0 |
FINOLEX INDUSTRIES LTD | 433.60 | 36.06 | 15,636.0 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 55.06 | 7,605.0 |
PRINCE PIPES AND FITTINGS LTD | 222.00 | 30.52 | 6,774.6 |
EPL LTD | 276.90 | 20.40 | 5,648.0 |
JAI CORP LTD | -9.29 | -565.51 | 5,253.6 |
TIME TECHNOPLAST LTD | 286.84 | 20.92 | 6,000.0 |
GARWARE HITECH FILMS LTD | 188.55 | 20.83 | 3,926.6 |
JAIN IRRIGATION SYSTEMS LTD | -43.94 | -86.37 | 3,795.2 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs MITSU CHEM PLAST 's P/E Ratio
Top 10 Industry Peers | PE 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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