TARSONS PRODUCTS
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The Current P/E Ratio of TARSONS PRODUCTS is 42.24.
Share Price | ₹439.0 | May 22,2024 |
Market Cap | ₹2,335.2 Cr | |
Earnings-TTM | ₹55.3 Cr | TTM-Standalone Results |
Price/Earnings | 42.24x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TARSONS PRODUCTS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,335.2 Cr] as on May 22,2024
(/) Earnings [ ₹55.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 42.24x ]
Thus, for TARSONS PRODUCTS , the investors are currently willing to pay 42.24 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 TARSONS PRODUCTS !
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 TARSONS PRODUCTS over the last five years.
Historical PE (Price/Earnings) ratio chart of TARSONS PRODUCTS
PE Ratio Performance Analysis for TARSONS PRODUCTS
- TARSONS PRODUCTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.47x.
- TARSONS PRODUCTS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TARSONS PRODUCTS 's p/e ratio peaked in Mar2022 at 37.22x.
- TARSONS PRODUCTS 's p/e ratio hit its five-year low in Mar2021 of 0x.
How does TARSONS PRODUCTS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TARSONS PRODUCTS | 55.29 | 42.24 | 2,335.2 |
ASTRAL LTD | 545.70 | 103.73 | 56,606.4 |
SUPREME INDUSTRIES LTD | 962.86 | 72.08 | 69,406.2 |
FINOLEX INDUSTRIES LTD | 435.37 | 44.71 | 19,467.5 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 58.34 | 8,058.2 |
PRINCE PIPES AND FITTINGS LTD | 182.53 | 38.69 | 7,062.6 |
EPL LTD | 276.90 | 22.38 | 6,195.7 |
JAI CORP LTD | -9.29 | -602.39 | 5,596.2 |
TIME TECHNOPLAST LTD | 286.84 | 22.64 | 6,493.6 |
GARWARE HITECH FILMS LTD | 188.55 | 20.43 | 3,851.7 |
JAIN IRRIGATION SYSTEMS LTD | 90.44 | 46.98 | 4,248.4 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs TARSONS PRODUCTS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -602.39x |
Max industry PE | 103.73x |
Median industry PE | 42.24x |
Average industry PE | -11.83x |
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