SURYALATA SPINNING MILLS
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The Current P/E Ratio of SURYALATA SPINNING MILLS is 8.41.
Share Price | ₹411.1 | Apr 18,2024 |
Market Cap | ₹176.8 Cr | |
Earnings-TTM | ₹21.0 Cr | TTM-Consolidated Results |
Price/Earnings | 8.41x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of SURYALATA SPINNING MILLS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹176.8 Cr] as on Apr 18,2024
(/) Earnings [ ₹21.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 8.41x ]
Thus, for SURYALATA SPINNING MILLS , the investors are currently willing to pay 8.41 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 SURYALATA SPINNING MILLS !
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 SURYALATA SPINNING MILLS over the last five years.
Historical PE (Price/Earnings) ratio chart of SURYALATA SPINNING MILLS
PE Ratio Performance Analysis for SURYALATA SPINNING MILLS
- SURYALATA SPINNING MILLS 's p/e ratio for fiscal years ending Mar2023 to Mar2023 averaged 7.31x.
- SURYALATA SPINNING MILLS 's operated at median p/e ratio of 7.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 1 fiscal years, SURYALATA SPINNING MILLS 's p/e ratio peaked in Mar2023 at 7.31x.
- SURYALATA SPINNING MILLS 's p/e ratio hit its five-year low in Mar2023 of 7.31x.
How does SURYALATA SPINNING MILLS '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 |
---|---|---|---|
SURYALATA SPINNING MILLS | 21.01 | 8.41 | 176.8 |
TRIDENT LTD | 421.62 | 46.79 | 19,726.4 |
FILATEX INDIA LTD | 94.43 | 27.17 | 2,565.9 |
NITIN SPINNERS LTD | 130.88 | 14.81 | 1,937.9 |
NAHAR SPINNING MILLS LTD | -40.92 | -24.94 | 1,020.7 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | -133.86 | -7.03 | 940.5 |
AMBIKA COTTON MILLS LTD | 65.02 | 13.68 | 889.3 |
RAJAPALAYAM MILLS LTD | 6.90 | 126.29 | 871.4 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 3.43 | 156.10 | 535.1 |
SUPER SALES INDIA LTD | 27.04 | 19.05 | 514.9 |
PRECOT LTD | -4.26 | -104.51 | 445.6 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs SURYALATA SPINNING MILLS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -104.51x |
Max industry PE | 156.10x |
Median industry PE | 14.81x |
Average industry PE | 25.07x |
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