CORDS CABLE INDUSTRIES
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The Current P/E Ratio of CORDS CABLE INDUSTRIES is 21.13.
Share Price | ₹191.4 | Nov 22,2024 |
Market Cap | ₹246.8 Cr | |
Earnings-TTM | ₹11.7 Cr | TTM-Standalone Results |
Price/Earnings | 21.13x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of CORDS CABLE INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹246.8 Cr] as on Nov 22,2024
(/) Earnings [ ₹11.7 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 21.13x ]
Thus, for CORDS CABLE INDUSTRIES , the investors are currently willing to pay 21.13 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 CORDS CABLE INDUSTRIES !
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 CORDS CABLE INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of CORDS CABLE INDUSTRIES
PE Ratio Performance Analysis for CORDS CABLE INDUSTRIES
- CORDS CABLE INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 11.69x.
- CORDS CABLE INDUSTRIES 's operated at median p/e ratio of 11.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CORDS CABLE INDUSTRIES 's p/e ratio peaked in Mar2024 at 22.33x.
- CORDS CABLE INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 2.96x.
How does CORDS CABLE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Cable Industry?
Peer Comparison (Cable Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
CORDS CABLE INDUSTRIES | 11.68 | 21.13 | 246.8 |
POLYCAB INDIA LTD | 1,816.81 | 54.78 | 99,520.7 |
KEI INDUSTRIES LTD | 624.32 | 57.74 | 36,048.1 |
RR KABEL LTD | 263.04 | 64.28 | 16,908.3 |
FINOLEX CABLES LTD | 457.02 | 37.40 | 17,091.7 |
STERLITE TECHNOLOGIES LTD | -195.00 | -28.53 | 5,563.5 |
PRECISION WIRES INDIA LTD | 81.47 | 38.15 | 3,107.7 |
PARAMOUNT COMMUNICATIONS LTD | 97.15 | 20.96 | 2,036.4 |
UNIVERSAL CABLES LTD | 41.48 | 49.48 | 2,052.4 |
DYNAMIC CABLES LTD | 46.75 | 48.24 | 2,255.1 |
BIRLA CABLE LTD | 7.36 | 83.85 | 616.8 |
Cable Industry Benchmark (Top 10) PE Analysis vs CORDS CABLE INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -28.53x |
Max industry PE | 83.85x |
Median industry PE | 48.24x |
Average industry PE | 40.68x |
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