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PRINCE PIPES AND FITTINGS
PS (Price/Sales) Ratio

The Current P/S Ratio of PRINCE PIPES AND FITTINGS is 2.58.

Share Price ₹604.8Apr 16,2024
Market Cap ₹6,689.1 Cr
Sales-TTM₹2,593.0 CrTTM-Standalone Results
Price/Sales2.58xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of PRINCE PIPES AND FITTINGS

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of PRINCE PIPES AND FITTINGS is calculated as :

Current Market Cap [ ₹6,689.1 Cr] as on Apr 16,2024

(/) Sales [ ₹2,593.0 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 2.58x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for PRINCE PIPES AND FITTINGS , the investors are currently willing to pay '2.58 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of PRINCE PIPES AND FITTINGS !

The chart below summarizes the trend in P/S Ratio of PRINCE PIPES AND FITTINGS over the last five years.

Historical PS (Price/Sales) ratio chart of PRINCE PIPES AND FITTINGS


PS Ratio Performance Analysis for PRINCE PIPES AND FITTINGS

- PRINCE PIPES AND FITTINGS 's latest p/e ratio is 2.58x.

- PRINCE PIPES AND FITTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.55x.

- PRINCE PIPES AND FITTINGS 's operated at median p/e ratio of 2.21x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRINCE PIPES AND FITTINGS 's p/e ratio peaked in Mar2022 at 2.64x.

- PRINCE PIPES AND FITTINGS 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does PRINCE PIPES AND FITTINGS 's P/S Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
PRINCE PIPES AND FITTINGS 2,593.02.586,689.1
ASTRAL LTD5,522.59.6653,360.1
SUPREME INDUSTRIES LTD9,724.75.3451,954.6
FINOLEX INDUSTRIES LTD4,223.13.6715,515.0
RESPONSIVE INDUSTRIES LTD1,035.97.377,633.0
EPL LTD3,856.21.495,727.6
JAI CORP LTD465.111.205,208.1
TIME TECHNOPLAST LTD4,790.61.235,907.0
GARWARE HITECH FILMS LTD1,579.52.554,029.1
JAIN IRRIGATION SYSTEMS LTD6,166.10.623,806.6
MOLDTEK PACKAGING LTD706.53.912,760.5

Plastic Products Industry Benchmark (Top 10) PS Analysis vs PRINCE PIPES AND FITTINGS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.62x
Max industry PS 11.20x
Median industry PS 3.67x
Average industry PS 4.51x



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