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NITCO
PE (Price/Earnings) Ratio

The Current P/E Ratio of NITCO is -3.23.

Share Price ₹68.2Apr 29,2024
Market Cap ₹490.4 Cr
Earnings-TTM₹-151.7 CrTTM-Consolidated Results
Price/Earnings-3.23xCalculated as Market Cap/Earnings
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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 [ ₹490.4 Cr] as on Apr 29,2024

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

(=) P/E Ratio [ -3.23x ]

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 -3.23 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 -3.23x.

- 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 -151.70-3.23490.4
KAJARIA CERAMICS LTD439.1643.7619,218.5
CERA SANITARYWARE LTD228.7841.029,384.6
SOMANY CERAMICS LTD89.9028.862,594.3
POKARNA LTD82.5417.721,462.3
GLOBAL SURFACES LTD14.7062.08912.5
ASIAN GRANITO INDIA LTD-62.62-12.61789.6
ORIENT BELL LTD1.57356.56559.8
EXXARO TILES LTD2.15213.44459.5
MURUDESHWAR CERAMICS LTD6.6649.13327.1
ASI INDUSTRIES LTD23.059.81226.0

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

Top 10 Industry PeersPE Ratio
Min industry PE -12.61x
Max industry PE 356.56x
Median industry PE 41.02x
Average industry PE 73.32x



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