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PRIMA PLASTICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRIMA PLASTICS is 13.74.

Share Price ₹191.1Apr 19,2024
Market Cap ₹210.2 Cr
Earnings-TTM₹15.3 CrTTM-Consolidated Results
Price/Earnings13.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRIMA PLASTICS

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 PRIMA PLASTICS is calculated as :

Current Market Cap [ ₹210.2 Cr] as on Apr 19,2024

(/) Earnings [ ₹15.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 13.74x ]

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

Thus, for PRIMA PLASTICS , the investors are currently willing to pay 13.74 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 PRIMA PLASTICS !

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 PRIMA PLASTICS over the last five years.

Historical PE (Price/Earnings) ratio chart of PRIMA PLASTICS


PE Ratio Performance Analysis for PRIMA PLASTICS

- PRIMA PLASTICS 's latest p/e ratio is 13.74x.

- PRIMA PLASTICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.52x.

- PRIMA PLASTICS 's operated at median p/e ratio of 7.29x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRIMA PLASTICS 's p/e ratio peaked in Mar2019 at 11.39x.

- PRIMA PLASTICS 's p/e ratio hit its five-year low in Mar2020 of 2.78x.


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

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRIMA PLASTICS 15.3013.74210.2
ASTRAL LTD564.8092.4652,222.4
SUPREME INDUSTRIES LTD959.0553.8851,672.0
FINOLEX INDUSTRIES LTD433.6036.0615,636.0
RESPONSIVE INDUSTRIES LTD138.1355.067,605.0
PRINCE PIPES AND FITTINGS LTD222.0030.526,774.6
EPL LTD276.9020.405,648.0
JAI CORP LTD-9.29-565.515,253.6
TIME TECHNOPLAST LTD286.8420.926,000.0
GARWARE HITECH FILMS LTD188.5520.833,926.6
JAIN IRRIGATION SYSTEMS LTD-43.94-86.373,795.2

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

Top 10 Industry PeersPE Ratio
Min industry PE -565.51x
Max industry PE 92.46x
Median industry PE 20.92x
Average industry PE -28.00x



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