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SALONA COTSPIN
PE (Price/Earnings) Ratio

The Current P/E Ratio of SALONA COTSPIN is 19.22.

Share Price ₹303.5Apr 24,2024
Market Cap ₹160.8 Cr
Earnings-TTM₹8.4 CrTTM-Standalone Results
Price/Earnings19.22xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SALONA COTSPIN

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 SALONA COTSPIN is calculated as :

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 ]

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

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 latest p/e ratio is 19.22x.

- 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 RatioMarket Cap
SALONA COTSPIN 8.3719.22160.8
TRIDENT LTD421.6248.2520,343.1
FILATEX INDIA LTD94.4330.042,837.1
NITIN SPINNERS LTD130.8815.271,998.3
NAHAR SPINNING MILLS LTD-40.92-25.591,047.2
SUTLEJ TEXTILES AND INDUSTRIES LTD-133.86-7.33980.8
AMBIKA COTTON MILLS LTD65.0213.84899.9
RAJAPALAYAM MILLS LTD6.90131.07904.4
NAHAR INDUSTRIAL ENTERPRISES LTD3.43164.29563.2
SUPER SALES INDIA LTD27.0420.51554.6
PRECOT LTD-4.26-112.85481.2

Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs SALONA COTSPIN 's P/E Ratio

Top 10 Industry PeersPE 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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