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TARSONS PRODUCTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of TARSONS PRODUCTS is 42.24.

Share Price ₹439.0May 22,2024
Market Cap ₹2,335.2 Cr
Earnings-TTM₹55.3 CrTTM-Standalone Results
Price/Earnings42.24xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TARSONS PRODUCTS

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 TARSONS PRODUCTS is calculated as :

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 ]

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

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 latest p/e ratio is 42.24x.

- 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 RatioMarket Cap
TARSONS PRODUCTS 55.2942.242,335.2
ASTRAL LTD545.70103.7356,606.4
SUPREME INDUSTRIES LTD962.8672.0869,406.2
FINOLEX INDUSTRIES LTD435.3744.7119,467.5
RESPONSIVE INDUSTRIES LTD138.1358.348,058.2
PRINCE PIPES AND FITTINGS LTD182.5338.697,062.6
EPL LTD276.9022.386,195.7
JAI CORP LTD-9.29-602.395,596.2
TIME TECHNOPLAST LTD286.8422.646,493.6
GARWARE HITECH FILMS LTD188.5520.433,851.7
JAIN IRRIGATION SYSTEMS LTD90.4446.984,248.4

Plastic Products Industry Benchmark (Top 10) PE Analysis vs TARSONS PRODUCTS 's P/E Ratio

Top 10 Industry PeersPE 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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