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TPL PLASTECH
PE (Price/Earnings) Ratio

The Current P/E Ratio of TPL PLASTECH is 42.73.

Share Price ₹96.4Apr 25,2024
Market Cap ₹751.8 Cr
Earnings-TTM₹17.6 CrTTM-Standalone Results
Price/Earnings42.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TPL PLASTECH

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 TPL PLASTECH is calculated as :

Current Market Cap [ ₹751.8 Cr] as on Apr 25,2024

(/) Earnings [ ₹17.6 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 42.73x ]

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

Thus, for TPL PLASTECH , the investors are currently willing to pay 42.73 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 TPL PLASTECH !

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 TPL PLASTECH over the last five years.

Historical PE (Price/Earnings) ratio chart of TPL PLASTECH


PE Ratio Performance Analysis for TPL PLASTECH

- TPL PLASTECH 's latest p/e ratio is 42.73x.

- TPL PLASTECH 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.95x.

- TPL PLASTECH 's operated at median p/e ratio of 1.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TPL PLASTECH 's p/e ratio peaked in Mar2023 at 14.09x.

- TPL PLASTECH 's p/e ratio hit its five-year low in Mar2020 of 0.48x.


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

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TPL PLASTECH 17.6042.73751.8
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 TPL PLASTECH 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -616.70x
Max industry PE 95.50x
Median industry PE 31.10x
Average industry PE -29.21x



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