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RELIANCE CHEMOTEX INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RELIANCE CHEMOTEX INDUSTRIES is 29.59.

Share Price ₹217.9Apr 19,2024
Market Cap ₹163.4 Cr
Earnings-TTM₹5.5 CrTTM-Standalone Results
Price/Earnings29.59xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RELIANCE CHEMOTEX INDUSTRIES

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 RELIANCE CHEMOTEX INDUSTRIES is calculated as :

Current Market Cap [ ₹163.4 Cr] as on Apr 19,2024

(/) Earnings [ ₹5.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 29.59x ]

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

Thus, for RELIANCE CHEMOTEX INDUSTRIES , the investors are currently willing to pay 29.59 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 RELIANCE CHEMOTEX INDUSTRIES !

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 RELIANCE CHEMOTEX INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of RELIANCE CHEMOTEX INDUSTRIES


PE Ratio Performance Analysis for RELIANCE CHEMOTEX INDUSTRIES

- RELIANCE CHEMOTEX INDUSTRIES 's latest p/e ratio is 29.59x.

- RELIANCE CHEMOTEX INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.54x.

- RELIANCE CHEMOTEX INDUSTRIES 's operated at median p/e ratio of 8.37x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RELIANCE CHEMOTEX INDUSTRIES 's p/e ratio peaked in Mar2022 at 9.64x.

- RELIANCE CHEMOTEX INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 3.52x.


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

Peer Comparison (Textile - Spinning Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RELIANCE CHEMOTEX INDUSTRIES 5.5229.59163.4
TRIDENT LTD421.6246.6719,675.5
FILATEX INDIA LTD94.4327.252,573.5
NITIN SPINNERS LTD130.8814.851,943.5
NAHAR SPINNING MILLS LTD-40.92-24.801,014.9
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-6.83914.8
AMBIKA COTTON MILLS LTD65.0213.66888.4
RAJAPALAYAM MILLS LTD6.90123.56852.6
NAHAR INDUSTRIAL ENTERPRISES LTD3.43155.34532.5
SUPER SALES INDIA LTD27.0419.48526.7
PRECOT LTD-4.26-106.59454.5

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

Top 10 Industry PeersPE Ratio
Min industry PE -106.59x
Max industry PE 155.34x
Median industry PE 19.48x
Average industry PE 26.56x



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