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SHREE RAMA MULTITECH
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHREE RAMA MULTITECH is 30.05.

Share Price ₹23.4Mar 28,2024
Market Cap ₹312.6 Cr
Earnings-TTM₹10.4 CrTTM-Standalone Results
Price/Earnings30.05xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHREE RAMA MULTITECH

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 SHREE RAMA MULTITECH is calculated as :

Current Market Cap [ ₹312.6 Cr] as on Mar 28,2024

(/) Earnings [ ₹10.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 30.05x ]

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

Thus, for SHREE RAMA MULTITECH , the investors are currently willing to pay 30.05 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 SHREE RAMA MULTITECH !

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 SHREE RAMA MULTITECH over the last five years.

Historical PE (Price/Earnings) ratio chart of SHREE RAMA MULTITECH


PE Ratio Performance Analysis for SHREE RAMA MULTITECH

- SHREE RAMA MULTITECH 's latest p/e ratio is 30.05x.

- SHREE RAMA MULTITECH 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.82x.

- SHREE RAMA MULTITECH 's operated at median p/e ratio of 1.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHREE RAMA MULTITECH 's p/e ratio peaked in Mar2021 at 18.49x.

- SHREE RAMA MULTITECH 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does SHREE RAMA MULTITECH 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHREE RAMA MULTITECH 10.4030.05312.6
ASTRAL LTD564.8094.6753,468.9
SUPREME INDUSTRIES LTD959.0556.0053,703.8
FINOLEX INDUSTRIES LTD433.6035.3015,304.1
RESPONSIVE INDUSTRIES LTD138.1354.507,527.8
PRINCE PIPES AND FITTINGS LTD222.0027.366,074.8
EPL LTD276.9020.485,670.3
JAI CORP LTD-9.29-542.555,040.3
TIME TECHNOPLAST LTD286.8419.735,659.6
GARWARE HITECH FILMS LTD188.5521.524,057.2
JAIN IRRIGATION SYSTEMS LTD-43.94-74.363,267.3

Plastic Products Industry Benchmark (Top 10) PE Analysis vs SHREE RAMA MULTITECH 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -542.55x
Max industry PE 94.67x
Median industry PE 27.36x
Average industry PE -23.39x



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