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POLYPLEX CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of POLYPLEX CORPORATION is 35.72.

Share Price ₹856.4Apr 16,2024
Market Cap ₹2,689.1 Cr
Earnings-TTM₹75.3 CrTTM-Consolidated Results
Price/Earnings35.72xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of POLYPLEX CORPORATION

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 POLYPLEX CORPORATION is calculated as :

Current Market Cap [ ₹2,689.1 Cr] as on Apr 16,2024

(/) Earnings [ ₹75.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.72x ]

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

Thus, for POLYPLEX CORPORATION , the investors are currently willing to pay 35.72 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 POLYPLEX CORPORATION !

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 POLYPLEX CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of POLYPLEX CORPORATION


PE Ratio Performance Analysis for POLYPLEX CORPORATION

- POLYPLEX CORPORATION 's latest p/e ratio is 35.72x.

- POLYPLEX CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.48x.

- POLYPLEX CORPORATION 's operated at median p/e ratio of 5.28x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, POLYPLEX CORPORATION 's p/e ratio peaked in Mar2022 at 13.39x.

- POLYPLEX CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 3.4x.


How does POLYPLEX CORPORATION 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
POLYPLEX CORPORATION 75.2835.722,689.1
ASTRAL LTD564.8094.4853,360.1
SUPREME INDUSTRIES LTD959.0554.1751,954.6
FINOLEX INDUSTRIES LTD433.6035.7815,515.0
RESPONSIVE INDUSTRIES LTD138.1355.267,633.0
PRINCE PIPES AND FITTINGS LTD222.0030.126,686.7
EPL LTD276.9020.685,727.6
JAI CORP LTD-9.29-560.615,208.1
TIME TECHNOPLAST LTD286.8420.595,907.0
GARWARE HITECH FILMS LTD188.5521.374,029.1
JAIN IRRIGATION SYSTEMS LTD-43.94-86.633,806.6

Plastic Products Industry Benchmark (Top 10) PE Analysis vs POLYPLEX CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -560.61x
Max industry PE 94.48x
Median industry PE 30.12x
Average industry PE -25.37x



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