VARDHMAN TEXTILES
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The Current P/E Ratio of VARDHMAN TEXTILES is 23.09.
Share Price | ₹445.3 | Apr 30,2024 |
Market Cap | ₹12,876.6 Cr | |
Earnings-TTM | ₹557.6 Cr | TTM-Consolidated Results |
Price/Earnings | 23.09x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of VARDHMAN TEXTILES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹12,876.6 Cr] as on Apr 30,2024
(/) Earnings [ ₹557.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.09x ]
Thus, for VARDHMAN TEXTILES , the investors are currently willing to pay 23.09 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 VARDHMAN TEXTILES !
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 VARDHMAN TEXTILES over the last five years.
Historical PE (Price/Earnings) ratio chart of VARDHMAN TEXTILES
PE Ratio Performance Analysis for VARDHMAN TEXTILES
- VARDHMAN TEXTILES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.99x.
- VARDHMAN TEXTILES 's operated at median p/e ratio of 3.55x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VARDHMAN TEXTILES 's p/e ratio peaked in Mar2023 at 10.51x.
- VARDHMAN TEXTILES 's p/e ratio hit its five-year low in Mar2020 of 1.22x.
How does VARDHMAN TEXTILES 's P/E Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
VARDHMAN TEXTILES | 557.59 | 23.09 | 12,876.6 |
PAGE INDUSTRIES LTD | 539.34 | 71.93 | 38,795.1 |
KPR MILL LTD | 801.29 | 36.08 | 28,908.9 |
VEDANT FASHIONS LTD | 414.17 | 55.94 | 23,168.6 |
SWAN ENERGY LTD | 646.46 | 30.08 | 19,443.7 |
WELSPUN LIVING LTD | 672.63 | 21.66 | 14,567.4 |
ALOK INDUSTRIES LTD | -845.86 | -16.03 | 13,555.1 |
ARVIND LTD | 340.74 | 24.19 | 8,244.0 |
GARWARE TECHNICAL FIBRES LTD | 198.37 | 32.38 | 6,424.1 |
JINDAL WORLDWIDE LTD | 74.01 | 92.56 | 6,849.8 |
INDO COUNT INDUSTRIES LTD | 340.70 | 22.72 | 7,741.0 |
Textile Industry Benchmark (Top 10) PE Analysis vs VARDHMAN TEXTILES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -16.03x |
Max industry PE | 92.56x |
Median industry PE | 30.08x |
Average industry PE | 35.87x |
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