TIME TECHNOPLAST
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The Current P/E Ratio of TIME TECHNOPLAST is 22.01.
Share Price | ₹278.3 | May 02,2024 |
Market Cap | ₹6,313.5 Cr | |
Earnings-TTM | ₹286.8 Cr | TTM-Consolidated Results |
Price/Earnings | 22.01x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TIME TECHNOPLAST
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹6,313.5 Cr] as on May 02,2024
(/) Earnings [ ₹286.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 22.01x ]
Thus, for TIME TECHNOPLAST , the investors are currently willing to pay 22.01 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 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 Ratio | Market Cap |
---|---|---|---|
TIME TECHNOPLAST | 286.84 | 22.01 | 6,313.5 |
ASTRAL LTD | 564.80 | 98.10 | 55,408.4 |
SUPREME INDUSTRIES LTD | 962.86 | 63.45 | 61,094.8 |
FINOLEX INDUSTRIES LTD | 433.60 | 38.42 | 16,659.8 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 59.39 | 8,203.5 |
PRINCE PIPES AND FITTINGS LTD | 222.00 | 31.64 | 7,023.4 |
EPL LTD | 276.90 | 20.94 | 5,797.7 |
JAI CORP LTD | -9.29 | -613.91 | 5,703.2 |
GARWARE HITECH FILMS LTD | 188.55 | 22.19 | 4,183.8 |
JAIN IRRIGATION SYSTEMS LTD | -43.94 | -101.40 | 4,455.4 |
MOLDTEK PACKAGING LTD | 71.61 | 39.32 | 2,815.8 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs TIME TECHNOPLAST 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -613.91x |
Max industry PE | 98.10x |
Median industry PE | 31.64x |
Average industry PE | -29.08x |
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