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MODERN THREADS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of MODERN THREADS (INDIA) is 6.74.

Share Price ₹59.7May 21,2024
Market Cap ₹207.8 Cr
Earnings-TTM₹30.8 CrTTM-Standalone Results
Price/Earnings6.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MODERN THREADS (INDIA)

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 MODERN THREADS (INDIA) is calculated as :

Current Market Cap [ ₹207.8 Cr] as on May 21,2024

(/) Earnings [ ₹30.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 6.74x ]

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

Thus, for MODERN THREADS (INDIA) , the investors are currently willing to pay 6.74 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 MODERN THREADS (INDIA) !

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 MODERN THREADS (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of MODERN THREADS (INDIA)


PE Ratio Performance Analysis for MODERN THREADS (INDIA)

- MODERN THREADS (INDIA) 's latest p/e ratio is 6.74x.

- MODERN THREADS (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.

- MODERN THREADS (INDIA) '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, MODERN THREADS (INDIA) 's p/e ratio peaked in Mar2023 at 0x.

- MODERN THREADS (INDIA) 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does MODERN THREADS (INDIA) 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MODERN THREADS (INDIA) 30.816.74207.8
TRIDENT LTD349.9755.5519,441.1
FILATEX INDIA LTD110.6622.652,506.5
NITIN SPINNERS LTD131.5214.881,957.0
NAHAR SPINNING MILLS LTD-40.92-23.34955.2
SUTLEJ TEXTILES AND INDUSTRIES LTD-135.56-6.72910.6
AMBIKA COTTON MILLS LTD65.0213.59883.7
RAJAPALAYAM MILLS LTD6.90126.14870.4
NAHAR INDUSTRIAL ENTERPRISES LTD3.43152.38522.4
SUPER SALES INDIA LTD27.0423.40632.6
PRECOT LTD-4.26-106.10452.4

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs MODERN THREADS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -106.10x
Max industry PE 152.38x
Median industry PE 14.88x
Average industry PE 25.38x



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