Home > PE Ratio > NITIN SPINNERS

NITIN SPINNERS
PE (Price/Earnings) Ratio

The Current P/E Ratio of NITIN SPINNERS is 14.84.

Share Price ₹345.7Apr 19,2024
Market Cap ₹1,942.8 Cr
Earnings-TTM₹130.9 CrTTM-Standalone Results
Price/Earnings14.84xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for NITIN SPINNERS
Please provide your vote to see the results
NITIN SPINNERS is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of NITIN SPINNERS

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 NITIN SPINNERS is calculated as :

Current Market Cap [ ₹1,942.8 Cr] as on Apr 19,2024

(/) Earnings [ ₹130.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 14.84x ]

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

Thus, for NITIN SPINNERS , the investors are currently willing to pay 14.84 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 NITIN SPINNERS !

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 NITIN SPINNERS over the last five years.

Historical PE (Price/Earnings) ratio chart of NITIN SPINNERS


PE Ratio Performance Analysis for NITIN SPINNERS

- NITIN SPINNERS 's latest p/e ratio is 14.84x.

- NITIN SPINNERS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.56x.

- NITIN SPINNERS 's operated at median p/e ratio of 6.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/e ratio peaked in Mar2019 at 7.94x.

- NITIN SPINNERS 's p/e ratio hit its five-year low in Mar2022 of 3.91x.


How does NITIN SPINNERS 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NITIN SPINNERS 130.8814.841,942.8
TRIDENT LTD421.6246.6719,675.5
FILATEX INDIA LTD94.4327.252,573.5
NAHAR SPINNING MILLS LTD-40.92-24.801,014.9
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-6.83914.8
AMBIKA COTTON MILLS LTD65.0213.66888.4
RAJAPALAYAM MILLS LTD6.90123.56852.6
NAHAR INDUSTRIAL ENTERPRISES LTD3.43155.34532.5
SUPER SALES INDIA LTD27.0419.48526.7
PRECOT LTD-4.26-106.59454.5
MARAL OVERSEAS LTD-16.52-17.83294.5

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs NITIN SPINNERS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -106.59x
Max industry PE 155.34x
Median industry PE 14.84x
Average industry PE 22.25x



You may also like the below Video Courses