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PRECOT
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRECOT is -113.13.

Share Price ₹402.0Apr 29,2024
Market Cap ₹482.4 Cr
Earnings-TTM₹-4.3 CrTTM-Consolidated Results
Price/Earnings-113.13xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRECOT

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 PRECOT is calculated as :

Current Market Cap [ ₹482.4 Cr] as on Apr 29,2024

(/) Earnings [ ₹-4.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -113.13x ]

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

Thus, for PRECOT , the investors are currently willing to pay -113.13 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 PRECOT !

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 PRECOT over the last five years.

Historical PE (Price/Earnings) ratio chart of PRECOT


PE Ratio Performance Analysis for PRECOT

- PRECOT 's latest p/e ratio is -113.13x.

- PRECOT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.51x.

- PRECOT 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRECOT 's p/e ratio peaked in Mar2021 at 3.94x.

- PRECOT 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does PRECOT 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRECOT -4.26-113.13482.4
TRIDENT LTD421.6248.0820,271.7
FILATEX INDIA LTD94.4329.552,790.1
NITIN SPINNERS LTD130.8815.722,057.4
NAHAR SPINNING MILLS LTD-40.92-25.371,038.1
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-7.25970.9
AMBIKA COTTON MILLS LTD65.0213.58883.0
RAJAPALAYAM MILLS LTD6.90130.45900.1
NAHAR INDUSTRIAL ENTERPRISES LTD3.43165.49567.3
SUPER SALES INDIA LTD27.0420.68559.2
MARAL OVERSEAS LTD-16.52-19.67324.9

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs PRECOT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -113.13x
Max industry PE 165.49x
Median industry PE 15.72x
Average industry PE 23.47x



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