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TEXMO PIPES AND PRODUCTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of TEXMO PIPES AND PRODUCTS is -4.04.

Share Price ₹88.6Apr 25,2024
Market Cap ₹258.8 Cr
Earnings-TTM₹-64.0 CrTTM-Consolidated Results
Price/Earnings-4.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TEXMO PIPES AND 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 TEXMO PIPES AND PRODUCTS is calculated as :

Current Market Cap [ ₹258.8 Cr] as on Apr 25,2024

(/) Earnings [ ₹-64.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -4.04x ]

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

Thus, for TEXMO PIPES AND PRODUCTS , the investors are currently willing to pay -4.04 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 TEXMO PIPES AND 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 TEXMO PIPES AND PRODUCTS over the last five years.

Historical PE (Price/Earnings) ratio chart of TEXMO PIPES AND PRODUCTS


PE Ratio Performance Analysis for TEXMO PIPES AND PRODUCTS

- TEXMO PIPES AND PRODUCTS 's latest p/e ratio is -4.04x.

- TEXMO PIPES AND PRODUCTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.12x.

- TEXMO PIPES AND PRODUCTS 's operated at median p/e ratio of 6.71x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TEXMO PIPES AND PRODUCTS 's p/e ratio peaked in Mar2019 at 17.93x.

- TEXMO PIPES AND PRODUCTS 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does TEXMO PIPES AND 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
TEXMO PIPES AND PRODUCTS -64.00-4.04258.8
ASTRAL LTD564.8095.5053,940.3
SUPREME INDUSTRIES LTD959.0556.9754,641.2
FINOLEX INDUSTRIES LTD433.6038.7816,814.9
RESPONSIVE INDUSTRIES LTD138.1355.787,705.0
PRINCE PIPES AND FITTINGS LTD222.0031.106,904.0
EPL LTD276.9020.385,643.3
JAI CORP LTD-9.29-616.705,729.1
TIME TECHNOPLAST LTD286.8421.736,233.7
GARWARE HITECH FILMS LTD188.5521.704,091.9
JAIN IRRIGATION SYSTEMS LTD-43.94-89.343,925.4

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

Top 10 Industry PeersPE Ratio
Min industry PE -616.70x
Max industry PE 95.50x
Median industry PE 21.73x
Average industry PE -33.47x



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