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SHAILY ENGINEERING PLASTICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHAILY ENGINEERING PLASTICS is 60.91.

Share Price ₹635.5Apr 26,2024
Market Cap ₹2,916.7 Cr
Earnings-TTM₹47.9 CrTTM-Consolidated Results
Price/Earnings60.91xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHAILY ENGINEERING PLASTICS

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 SHAILY ENGINEERING PLASTICS is calculated as :

Current Market Cap [ ₹2,916.7 Cr] as on Apr 26,2024

(/) Earnings [ ₹47.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 60.91x ]

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

Thus, for SHAILY ENGINEERING PLASTICS , the investors are currently willing to pay 60.91 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 SHAILY ENGINEERING PLASTICS !

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 SHAILY ENGINEERING PLASTICS over the last five years.

Historical PE (Price/Earnings) ratio chart of SHAILY ENGINEERING PLASTICS


PE Ratio Performance Analysis for SHAILY ENGINEERING PLASTICS

- SHAILY ENGINEERING PLASTICS 's latest p/e ratio is 60.91x.

- SHAILY ENGINEERING PLASTICS 's p/e ratio for fiscal years ending Mar2023 to Mar2022 averaged 41.70x.

- SHAILY ENGINEERING PLASTICS 's operated at median p/e ratio of 56.58x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, SHAILY ENGINEERING PLASTICS 's p/e ratio peaked in Mar2022 at 56.58x.

- SHAILY ENGINEERING PLASTICS 's p/e ratio hit its five-year low in Mar2023 of 26.82x.


How does SHAILY ENGINEERING PLASTICS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHAILY ENGINEERING PLASTICS 47.8860.912,916.7
ASTRAL LTD564.8096.9954,782.4
SUPREME INDUSTRIES LTD962.8658.0855,921.0
FINOLEX INDUSTRIES LTD433.6039.0916,951.4
RESPONSIVE INDUSTRIES LTD138.1355.577,675.7
PRINCE PIPES AND FITTINGS LTD222.0031.647,023.4
EPL LTD276.9020.875,780.2
JAI CORP LTD-9.29-609.595,663.1
TIME TECHNOPLAST LTD286.8421.536,175.9
GARWARE HITECH FILMS LTD188.5521.614,074.4
JAIN IRRIGATION SYSTEMS LTD-43.94-90.143,960.8

Plastic Products Industry Benchmark (Top 10) PE Analysis vs SHAILY ENGINEERING PLASTICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -609.59x
Max industry PE 96.99x
Median industry PE 31.64x
Average industry PE -26.68x



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