TVS SRICHAKRA
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The Current P/E Ratio of TVS SRICHAKRA is 29.77.
Share Price | ₹4,111.5 | Apr 23,2024 |
Market Cap | ₹3,165.8 Cr | |
Earnings-TTM | ₹106.4 Cr | TTM-Consolidated Results |
Price/Earnings | 29.77x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TVS SRICHAKRA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹3,165.8 Cr] as on Apr 23,2024
(/) Earnings [ ₹106.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 29.77x ]
Thus, for TVS SRICHAKRA , the investors are currently willing to pay 29.77 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 TVS SRICHAKRA !
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 TVS SRICHAKRA over the last five years.
Historical PE (Price/Earnings) ratio chart of TVS SRICHAKRA
PE Ratio Performance Analysis for TVS SRICHAKRA
- TVS SRICHAKRA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 19.23x.
- TVS SRICHAKRA 's operated at median p/e ratio of 18.41x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TVS SRICHAKRA 's p/e ratio peaked in Mar2022 at 28.08x.
- TVS SRICHAKRA 's p/e ratio hit its five-year low in Mar2020 of 8.29x.
How does TVS SRICHAKRA 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?
Peer Comparison (Tyres & Allied Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TVS SRICHAKRA | 106.36 | 29.77 | 3,165.8 |
MRF LTD | 2,025.79 | 27.05 | 54,807.5 |
BALKRISHNA INDUSTRIES LTD | 1,244.54 | 36.41 | 45,307.8 |
APOLLO TYRES LTD | 1,794.85 | 17.21 | 30,888.1 |
JK TYRE & INDUSTRIES LTD | 749.10 | 14.08 | 10,543.7 |
CEAT LTD | 646.34 | 15.82 | 10,228.2 |
GOODYEAR INDIA LTD | 132.67 | 20.40 | 2,706.3 |
Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs TVS SRICHAKRA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.08x |
Max industry PE | 36.41x |
Median industry PE | 20.40x |
Average industry PE | 22.96x |
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