PRAKASH PIPES
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The Current P/E Ratio of PRAKASH PIPES is 11.16.
| Share Price | ₹392.4 | Apr 24,2024 |
| Market Cap | ₹937.8 Cr | |
| Earnings-TTM | ₹84.0 Cr | TTM-Standalone Results |
| Price/Earnings | 11.16x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of PRAKASH PIPES
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)
Current Market Cap [ ₹937.8 Cr] as on Apr 24,2024
(/) Earnings [ ₹84.0 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 11.16x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for PRAKASH PIPES , the investors are currently willing to pay 11.16 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 PRAKASH PIPES !
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 PRAKASH PIPES over the last five years.
Thus, for PRAKASH PIPES , the investors are currently willing to pay 11.16 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 PRAKASH PIPES !
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 PRAKASH PIPES over the last five years.
Historical PE (Price/Earnings) ratio chart of PRAKASH PIPES
PE Ratio Performance Analysis for PRAKASH PIPES
- PRAKASH PIPES 's latest p/e ratio is 11.16x.
- PRAKASH PIPES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.62x.
- PRAKASH PIPES 's operated at median p/e ratio of 4.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRAKASH PIPES 's p/e ratio peaked in Mar2021 at 8.55x.
- PRAKASH PIPES 's p/e ratio hit its five-year low in Mar2019 of 0x.
- PRAKASH PIPES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.62x.
- PRAKASH PIPES 's operated at median p/e ratio of 4.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRAKASH PIPES 's p/e ratio peaked in Mar2021 at 8.55x.
- PRAKASH PIPES 's p/e ratio hit its five-year low in Mar2019 of 0x.
How does PRAKASH PIPES 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?
| Peer Comparison (Plastic Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| PRAKASH PIPES | 84.04 | 11.16 | 937.8 |
| ASTRAL LTD | 564.80 | 94.62 | 53,440.7 |
| SUPREME INDUSTRIES LTD | 959.05 | 56.27 | 53,968.0 |
| FINOLEX INDUSTRIES LTD | 433.60 | 39.24 | 17,013.5 |
| RESPONSIVE INDUSTRIES LTD | 138.13 | 56.18 | 7,759.6 |
| PRINCE PIPES AND FITTINGS LTD | 222.00 | 31.26 | 6,938.8 |
| EPL LTD | 276.90 | 20.15 | 5,579.6 |
| JAI CORP LTD | -9.29 | -611.22 | 5,678.3 |
| TIME TECHNOPLAST LTD | 286.84 | 22.18 | 6,360.8 |
| GARWARE HITECH FILMS LTD | 188.55 | 21.69 | 4,090.1 |
| JAIN IRRIGATION SYSTEMS LTD | -43.94 | -91.81 | 4,034.2 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs PRAKASH PIPES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -611.22x |
| Max industry PE | 94.62x |
| Median industry PE | 22.18x |
| Average industry PE | -31.85x |
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