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TIME TECHNOPLAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of TIME TECHNOPLAST is 21.53.

Share Price ₹272.2Apr 26,2024
Market Cap ₹6,175.1 Cr
Earnings-TTM₹286.8 CrTTM-Consolidated Results
Price/Earnings21.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TIME TECHNOPLAST

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 TIME TECHNOPLAST is calculated as :

Current Market Cap [ ₹6,175.1 Cr] as on Apr 26,2024

(/) Earnings [ ₹286.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.53x ]

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

Thus, for TIME TECHNOPLAST , the investors are currently willing to pay 21.53 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 TIME TECHNOPLAST !

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 TIME TECHNOPLAST over the last five years.

Historical PE (Price/Earnings) ratio chart of TIME TECHNOPLAST


PE Ratio Performance Analysis for TIME TECHNOPLAST

- TIME TECHNOPLAST 's latest p/e ratio is 21.53x.

- TIME TECHNOPLAST 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.73x.

- TIME TECHNOPLAST 's operated at median p/e ratio of 7.96x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TIME TECHNOPLAST 's p/e ratio peaked in Mar2021 at 13.2x.

- TIME TECHNOPLAST 's p/e ratio hit its five-year low in Mar2020 of 3.34x.


How does TIME TECHNOPLAST 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TIME TECHNOPLAST 286.8421.536,175.1
ASTRAL LTD564.8096.9954,782.4
SUPREME INDUSTRIES LTD962.8658.0855,921.0
FINOLEX INDUSTRIES LTD433.6039.0916,951.4
RESPONSIVE INDUSTRIES LTD138.1355.577,675.7
PRINCE PIPES AND FITTINGS LTD222.0031.647,023.4
EPL LTD276.9020.875,780.2
JAI CORP LTD-9.29-609.595,663.1
GARWARE HITECH FILMS LTD188.5521.614,074.4
JAIN IRRIGATION SYSTEMS LTD-43.94-90.143,960.8
MOLDTEK PACKAGING LTD71.6139.282,813.0

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

Top 10 Industry PeersPE Ratio
Min industry PE -609.59x
Max industry PE 96.99x
Median industry PE 31.64x
Average industry PE -28.64x



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