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PRINCE PIPES AND FITTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRINCE PIPES AND FITTINGS is 30.25.

Share Price ₹607.2Apr 18,2024
Market Cap ₹6,715.1 Cr
Earnings-TTM₹222.0 CrTTM-Standalone Results
Price/Earnings30.25xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRINCE PIPES AND FITTINGS

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 PRINCE PIPES AND FITTINGS is calculated as :

Current Market Cap [ ₹6,715.1 Cr] as on Apr 18,2024

(/) Earnings [ ₹222.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 30.25x ]

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

Thus, for PRINCE PIPES AND FITTINGS , the investors are currently willing to pay 30.25 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 PRINCE PIPES AND FITTINGS !

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 PRINCE PIPES AND FITTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of PRINCE PIPES AND FITTINGS


PE Ratio Performance Analysis for PRINCE PIPES AND FITTINGS

- PRINCE PIPES AND FITTINGS 's latest p/e ratio is 30.25x.

- PRINCE PIPES AND FITTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.64x.

- PRINCE PIPES AND FITTINGS 's operated at median p/e ratio of 20.72x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRINCE PIPES AND FITTINGS 's p/e ratio peaked in Mar2023 at 49.35x.

- PRINCE PIPES AND FITTINGS 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does PRINCE PIPES AND FITTINGS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRINCE PIPES AND FITTINGS 222.0030.256,715.1
ASTRAL LTD564.8094.5053,370.8
SUPREME INDUSTRIES LTD959.0555.6553,375.4
FINOLEX INDUSTRIES LTD433.6036.2815,732.2
RESPONSIVE INDUSTRIES LTD138.1355.537,670.3
EPL LTD276.9020.415,652.8
JAI CORP LTD-9.29-571.175,306.2
TIME TECHNOPLAST LTD286.8420.595,907.0
GARWARE HITECH FILMS LTD188.5521.063,970.7
JAIN IRRIGATION SYSTEMS LTD-43.94-84.873,729.1
MOLDTEK PACKAGING LTD71.6139.292,813.3

Plastic Products Industry Benchmark (Top 10) PE Analysis vs PRINCE PIPES AND FITTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -571.17x
Max industry PE 94.50x
Median industry PE 30.25x
Average industry PE -25.68x



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