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REDINGTON
PE (Price/Earnings) Ratio

The Current P/E Ratio of REDINGTON is 13.70.

Share Price ₹217.8Apr 22,2024
Market Cap ₹17,027.6 Cr
Earnings-TTM₹1,243.1 CrTTM-Consolidated Results
Price/Earnings13.70xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of REDINGTON

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 REDINGTON is calculated as :

Current Market Cap [ ₹17,027.6 Cr] as on Apr 22,2024

(/) Earnings [ ₹1,243.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 13.70x ]

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

Thus, for REDINGTON , the investors are currently willing to pay 13.70 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 REDINGTON !

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 REDINGTON over the last five years.

Historical PE (Price/Earnings) ratio chart of REDINGTON


PE Ratio Performance Analysis for REDINGTON

- REDINGTON 's latest p/e ratio is 13.70x.

- REDINGTON 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.92x.

- REDINGTON 's operated at median p/e ratio of 4.89x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, REDINGTON 's p/e ratio peaked in Mar2023 at 9.35x.

- REDINGTON 's p/e ratio hit its five-year low in Mar2020 of 2.57x.


How does REDINGTON 's P/E Ratio benchmark against top 10 peers in Trading Industry?

Peer Comparison (Trading Industry)Earnings-TTM (Cr)PE RatioMarket Cap
REDINGTON 1,243.1113.7017,027.6
ADANI ENTERPRISES LTD3,751.7093.12349,365.0
HONASA CONSUMER LTD77.66168.8113,109.2
MMTC LTD49.62219.2010,876.5
MSTC LTD239.5625.536,117.1
LLOYDS ENTERPRISES LTD132.2831.954,226.0
VERITAS (INDIA) LTD191.6219.753,785.2
NOVARTIS INDIA LTD95.5326.412,523.0
OPTIEMUS INFRACOM LTD53.2343.772,329.7
MISHTANN FOODS LTD26.0177.552,017.2
SIRCA PAINTS INDIA LTD48.4136.081,746.8

Trading Industry Benchmark (Top 10) PE Analysis vs REDINGTON 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 13.70x
Max industry PE 219.20x
Median industry PE 36.08x
Average industry PE 68.72x



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