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VARDHMAN TEXTILES
PE (Price/Earnings) Ratio

The Current P/E Ratio of VARDHMAN TEXTILES is 23.09.

Share Price ₹445.3Apr 30,2024
Market Cap ₹12,876.6 Cr
Earnings-TTM₹557.6 CrTTM-Consolidated Results
Price/Earnings23.09xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of VARDHMAN TEXTILES

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 VARDHMAN TEXTILES is calculated as :

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 ]

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

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 latest p/e ratio is 23.09x.

- 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 RatioMarket Cap
VARDHMAN TEXTILES 557.5923.0912,876.6
PAGE INDUSTRIES LTD539.3471.9338,795.1
KPR MILL LTD801.2936.0828,908.9
VEDANT FASHIONS LTD414.1755.9423,168.6
SWAN ENERGY LTD646.4630.0819,443.7
WELSPUN LIVING LTD672.6321.6614,567.4
ALOK INDUSTRIES LTD-845.86-16.0313,555.1
ARVIND LTD340.7424.198,244.0
GARWARE TECHNICAL FIBRES LTD198.3732.386,424.1
JINDAL WORLDWIDE LTD74.0192.566,849.8
INDO COUNT INDUSTRIES LTD340.7022.727,741.0

Textile Industry Benchmark (Top 10) PE Analysis vs VARDHMAN TEXTILES 's P/E Ratio

Top 10 Industry PeersPE 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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