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NAHAR SPINNING MILLS
PE (Price/Earnings) Ratio

The Current P/E Ratio of NAHAR SPINNING MILLS is -25.46.

Share Price ₹288.6Apr 16,2024
Market Cap ₹1,041.7 Cr
Earnings-TTM₹-40.9 CrTTM-Standalone Results
Price/Earnings-25.46xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NAHAR SPINNING MILLS

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 NAHAR SPINNING MILLS is calculated as :

Current Market Cap [ ₹1,041.7 Cr] as on Apr 16,2024

(/) Earnings [ ₹-40.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -25.46x ]

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

Thus, for NAHAR SPINNING MILLS , the investors are currently willing to pay -25.46 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 NAHAR SPINNING MILLS !

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 NAHAR SPINNING MILLS over the last five years.

Historical PE (Price/Earnings) ratio chart of NAHAR SPINNING MILLS


PE Ratio Performance Analysis for NAHAR SPINNING MILLS

- NAHAR SPINNING MILLS 's latest p/e ratio is -25.46x.

- NAHAR SPINNING MILLS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.12x.

- NAHAR SPINNING MILLS 's operated at median p/e ratio of 5.07x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NAHAR SPINNING MILLS 's p/e ratio peaked in Mar2021 at 9.05x.

- NAHAR SPINNING MILLS 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does NAHAR SPINNING MILLS 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NAHAR SPINNING MILLS -40.92-25.461,041.7
TRIDENT LTD421.6247.1419,874.2
FILATEX INDIA LTD94.4328.052,648.9
NITIN SPINNERS LTD130.8814.881,946.9
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-6.83914.2
AMBIKA COTTON MILLS LTD65.0213.74893.5
RAJAPALAYAM MILLS LTD6.90126.29871.4
NAHAR INDUSTRIAL ENTERPRISES LTD3.43158.11542.0
SUPER SALES INDIA LTD27.0417.97485.9
PRECOT LTD-4.26-102.47436.9
MARAL OVERSEAS LTD-16.52-17.45288.2

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs NAHAR SPINNING MILLS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -102.47x
Max industry PE 158.11x
Median industry PE 14.88x
Average industry PE 23.09x



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