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STERLITE TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of STERLITE TECHNOLOGIES is 69.98.

Share Price ₹134.9Apr 25,2024
Market Cap ₹6,577.7 Cr
Earnings-TTM₹94.0 CrTTM-Consolidated Results
Price/Earnings69.98xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STERLITE TECHNOLOGIES

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 STERLITE TECHNOLOGIES is calculated as :

Current Market Cap [ ₹6,577.7 Cr] as on Apr 25,2024

(/) Earnings [ ₹94.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 69.98x ]

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

Thus, for STERLITE TECHNOLOGIES , the investors are currently willing to pay 69.98 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 STERLITE TECHNOLOGIES !

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 STERLITE TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of STERLITE TECHNOLOGIES


PE Ratio Performance Analysis for STERLITE TECHNOLOGIES

- STERLITE TECHNOLOGIES 's latest p/e ratio is 69.98x.

- STERLITE TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 48.20x.

- STERLITE TECHNOLOGIES 's operated at median p/e ratio of 27.95x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, STERLITE TECHNOLOGIES 's p/e ratio peaked in Mar2022 at 149.73x.

- STERLITE TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2020 of 5.93x.


How does STERLITE TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Earnings-TTM (Cr)PE RatioMarket Cap
STERLITE TECHNOLOGIES 94.0069.986,577.7
POLYCAB INDIA LTD1,683.8850.2484,597.8
KEI INDUSTRIES LTD550.3664.2335,348.5
RR KABEL LTD250.8474.4818,682.2
FINOLEX CABLES LTD488.7431.6315,457.6
PRECISION WIRES INDIA LTD63.8138.572,461.0
PARAMOUNT COMMUNICATIONS LTD69.8533.812,361.3
UNIVERSAL CABLES LTD23.2987.652,041.3
DYNAMIC CABLES LTD33.9828.71975.7
BIRLA CABLE LTD33.2924.39812.0
DELTON CABLES LTD4.0292.87373.2

Cable Industry Benchmark (Top 10) PE Analysis vs STERLITE TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 24.39x
Max industry PE 92.87x
Median industry PE 50.24x
Average industry PE 54.23x



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