Home > PE Ratio > NITCO

NITCO
PE (Price/Earnings) Ratio

The Current P/E Ratio of NITCO is -3.05.

Share Price ₹64.3Apr 24,2024
Market Cap ₹462.2 Cr
Earnings-TTM₹-151.7 CrTTM-Consolidated Results
Price/Earnings-3.05xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for NITCO
Please provide your vote to see the results

Definition & Calculation of PE (Price/Earnings) ratio of NITCO

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 NITCO is calculated as :

Current Market Cap [ ₹462.2 Cr] as on Apr 24,2024

(/) Earnings [ ₹-151.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -3.05x ]

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

Thus, for NITCO , the investors are currently willing to pay -3.05 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 NITCO !

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 NITCO over the last five years.

Historical PE (Price/Earnings) ratio chart of NITCO


PE Ratio Performance Analysis for NITCO

- NITCO 's latest p/e ratio is -3.05x.

- NITCO 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.

- NITCO '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, NITCO 's p/e ratio peaked in Mar2023 at 0x.

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


How does NITCO 's P/E Ratio benchmark against top 10 peers in Ceramics/Marble/Granite/Sanitaryware Industry?

Peer Comparison (Ceramics/Marble/Granite/Sanitaryware Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NITCO -151.70-3.05462.2
KAJARIA CERAMICS LTD439.1644.2619,439.1
CERA SANITARYWARE LTD228.7841.209,424.5
SOMANY CERAMICS LTD89.9029.102,615.8
POKARNA LTD82.5417.841,472.2
GLOBAL SURFACES LTD14.7061.65906.1
ASIAN GRANITO INDIA LTD-62.62-12.69794.8
ORIENT BELL LTD1.57341.92536.8
EXXARO TILES LTD2.15203.63438.4
MURUDESHWAR CERAMICS LTD6.6646.04306.5
ASI INDUSTRIES LTD23.059.91228.4

Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PE Analysis vs NITCO 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -12.69x
Max industry PE 341.92x
Median industry PE 41.20x
Average industry PE 70.89x



You may also like the below Video Courses