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PARAG MILK FOODS
PE (Price/Earnings) Ratio

The Current P/E Ratio of PARAG MILK FOODS is 24.09.

Share Price ₹208.1Mar 28,2024
Market Cap ₹2,484.1 Cr
Earnings-TTM₹103.1 CrTTM-Consolidated Results
Price/Earnings24.09xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PARAG MILK FOODS

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 PARAG MILK FOODS is calculated as :

Current Market Cap [ ₹2,484.1 Cr] as on Mar 28,2024

(/) Earnings [ ₹103.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.09x ]

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

Thus, for PARAG MILK FOODS , the investors are currently willing to pay 24.09 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 PARAG MILK FOODS !

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 PARAG MILK FOODS over the last five years.

Historical PE (Price/Earnings) ratio chart of PARAG MILK FOODS


PE Ratio Performance Analysis for PARAG MILK FOODS

- PARAG MILK FOODS 's latest p/e ratio is 24.09x.

- PARAG MILK FOODS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 16.54x.

- PARAG MILK FOODS 's operated at median p/e ratio of 15.99x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PARAG MILK FOODS 's p/e ratio peaked in Mar2021 at 42.79x.

- PARAG MILK FOODS 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does PARAG MILK FOODS 's P/E Ratio benchmark against top 10 peers in Consumer Food Industry?

Peer Comparison (Consumer Food Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PARAG MILK FOODS 103.1224.092,484.1
NESTLE INDIA LTD2,998.6784.35252,927.0
VARUN BEVERAGES LTD2,102.2986.41181,668.0
BRITANNIA INDUSTRIES LTD2,150.5755.03118,337.0
MARICO LTD1,487.0043.2464,303.9
JUBILANT FOODWORKS LTD241.72122.3929,584.2
HATSUN AGRO PRODUCT LTD240.1293.5122,453.0
DEVYANI INTERNATIONAL LTD99.17182.9318,142.2
BIKAJI FOODS INTERNATIONAL LTD185.4766.1912,276.2
SAPPHIRE FOODS INDIA LTD185.4053.939,998.7
GODREJ AGROVET LTD265.6835.219,353.9

Consumer Food Industry Benchmark (Top 10) PE Analysis vs PARAG MILK FOODS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 24.09x
Max industry PE 182.93x
Median industry PE 66.19x
Average industry PE 77.03x



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