POLYCAB INDIA
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The Current P/E Ratio of POLYCAB INDIA is 49.80.
Share Price | ₹5,583.5 | Apr 24,2024 |
Market Cap | ₹83,864.2 Cr | |
Earnings-TTM | ₹1,683.9 Cr | TTM-Consolidated Results |
Price/Earnings | 49.80x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of POLYCAB INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
POLYCAB INDIA | 1,683.88 | 49.80 | 83,864.2 |
KEI INDUSTRIES LTD | 550.36 | 64.72 | 35,620.6 |
RR KABEL LTD | 250.84 | 73.81 | 18,515.2 |
FINOLEX CABLES LTD | 488.74 | 31.67 | 15,480.5 |
STERLITE TECHNOLOGIES LTD | 94.00 | 67.95 | 6,387.2 |
PRECISION WIRES INDIA LTD | 63.81 | 38.33 | 2,445.8 |
PARAMOUNT COMMUNICATIONS LTD | 69.85 | 33.70 | 2,353.7 |
UNIVERSAL CABLES LTD | 23.29 | 87.54 | 2,038.9 |
DYNAMIC CABLES LTD | 33.98 | 28.57 | 970.8 |
BIRLA CABLE LTD | 33.29 | 25.20 | 839.0 |
DELTON CABLES LTD | 4.02 | 88.45 | 355.4 |
Cable Industry Benchmark (Top 10) PE Analysis vs POLYCAB INDIA 's P/E Ratio
Top 10 Industry Peers | PE 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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