SALONA COTSPIN
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The Current P/E Ratio of SALONA COTSPIN is 19.22.
Share Price | ₹303.5 | Apr 24,2024 |
Market Cap | ₹160.8 Cr | |
Earnings-TTM | ₹8.4 Cr | TTM-Standalone Results |
Price/Earnings | 19.22x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SALONA COTSPIN
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹160.8 Cr] as on Apr 24,2024
(/) Earnings [ ₹8.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 19.22x ]
Thus, for SALONA COTSPIN , the investors are currently willing to pay 19.22 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 SALONA COTSPIN !
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 SALONA COTSPIN over the last five years.
Historical PE (Price/Earnings) ratio chart of SALONA COTSPIN
PE Ratio Performance Analysis for SALONA COTSPIN
- SALONA COTSPIN 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.01x.
- SALONA COTSPIN 's operated at median p/e ratio of 7.73x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SALONA COTSPIN 's p/e ratio peaked in Mar2019 at 17.77x.
- SALONA COTSPIN 's p/e ratio hit its five-year low in Mar2022 of 5.89x.
How does SALONA COTSPIN 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?
Peer Comparison (Textile - Spinning Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
SALONA COTSPIN | 8.37 | 19.22 | 160.8 |
TRIDENT LTD | 421.62 | 48.25 | 20,343.1 |
FILATEX INDIA LTD | 94.43 | 30.04 | 2,837.1 |
NITIN SPINNERS LTD | 130.88 | 15.27 | 1,998.3 |
NAHAR SPINNING MILLS LTD | -40.92 | -25.59 | 1,047.2 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | -133.86 | -7.33 | 980.8 |
AMBIKA COTTON MILLS LTD | 65.02 | 13.84 | 899.9 |
RAJAPALAYAM MILLS LTD | 6.90 | 131.07 | 904.4 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 3.43 | 164.29 | 563.2 |
SUPER SALES INDIA LTD | 27.04 | 20.51 | 554.6 |
PRECOT LTD | -4.26 | -112.85 | 481.2 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs SALONA COTSPIN 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -112.85x |
Max industry PE | 164.29x |
Median industry PE | 19.22x |
Average industry PE | 26.98x |
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