PRAKASH PIPES
|
The Current P/E Ratio of PRAKASH PIPES is 10.62.
Share Price | ₹373.4 | May 06,2024 |
Market Cap | ₹892.4 Cr | |
Earnings-TTM | ₹84.0 Cr | TTM-Standalone Results |
Price/Earnings | 10.62x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PRAKASH PIPES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹892.4 Cr] as on May 06,2024
(/) Earnings [ ₹84.0 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 10.62x ]
Thus, for PRAKASH PIPES , the investors are currently willing to pay 10.62 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 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 | 10.62 | 892.4 |
ASTRAL LTD | 564.80 | 100.28 | 56,637.3 |
SUPREME INDUSTRIES LTD | 962.86 | 69.51 | 66,926.0 |
FINOLEX INDUSTRIES LTD | 433.60 | 38.97 | 16,895.6 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 56.81 | 7,847.6 |
PRINCE PIPES AND FITTINGS LTD | 222.00 | 31.04 | 6,890.2 |
EPL LTD | 276.90 | 22.40 | 6,202.0 |
JAI CORP LTD | -9.29 | -593.84 | 5,516.8 |
TIME TECHNOPLAST LTD | 286.84 | 22.39 | 6,422.1 |
GARWARE HITECH FILMS LTD | 188.55 | 20.46 | 3,857.5 |
JAIN IRRIGATION SYSTEMS LTD | -43.94 | -97.32 | 4,276.5 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs PRAKASH PIPES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -593.84x |
Max industry PE | 100.28x |
Median industry PE | 22.40x |
Average industry PE | -28.97x |
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