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POLYCAB INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYCAB INDIA is 49.80.

Share Price ₹5,583.5Apr 24,2024
Market Cap ₹83,864.2 Cr
Earnings-TTM₹1,683.9 CrTTM-Consolidated Results
Price/Earnings49.80xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of POLYCAB INDIA

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 POLYCAB INDIA is calculated as :

Current Market Cap [ ₹83,864.2 Cr] as on Apr 24,2024

(/) Earnings [ ₹1,683.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 49.80x ]

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

Thus, for POLYCAB INDIA , the investors are currently willing to pay 49.80 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 POLYCAB INDIA !

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 POLYCAB INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of POLYCAB INDIA


PE Ratio Performance Analysis for POLYCAB INDIA

- POLYCAB INDIA 's latest p/e ratio is 49.80x.

- POLYCAB INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 22.15x.

- POLYCAB INDIA 's operated at median p/e ratio of 23.33x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, POLYCAB INDIA 's p/e ratio peaked in Mar2022 at 38.9x.

- POLYCAB INDIA 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does POLYCAB INDIA 's P/E Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Earnings-TTM (Cr)PE RatioMarket Cap
POLYCAB INDIA 1,683.8849.8083,864.2
KEI INDUSTRIES LTD550.3664.7235,620.6
RR KABEL LTD250.8473.8118,515.2
FINOLEX CABLES LTD488.7431.6715,480.5
STERLITE TECHNOLOGIES LTD94.0067.956,387.2
PRECISION WIRES INDIA LTD63.8138.332,445.8
PARAMOUNT COMMUNICATIONS LTD69.8533.702,353.7
UNIVERSAL CABLES LTD23.2987.542,038.9
DYNAMIC CABLES LTD33.9828.57970.8
BIRLA CABLE LTD33.2925.20839.0
DELTON CABLES LTD4.0288.45355.4

Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 25.20x
Max industry PE 88.45x
Median industry PE 49.80x
Average industry PE 53.61x



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