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CORDS CABLE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of CORDS CABLE INDUSTRIES is 21.13.

Share Price ₹191.4Nov 22,2024
Market Cap ₹246.8 Cr
Earnings-TTM₹11.7 CrTTM-Standalone Results
Price/Earnings21.13xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of CORDS CABLE INDUSTRIES

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 CORDS CABLE INDUSTRIES is calculated as :

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 ]

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

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 latest p/e ratio is 21.13x.

- 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 RatioMarket Cap
CORDS CABLE INDUSTRIES 11.6821.13246.8
POLYCAB INDIA LTD1,816.8154.7899,520.7
KEI INDUSTRIES LTD624.3257.7436,048.1
RR KABEL LTD263.0464.2816,908.3
FINOLEX CABLES LTD457.0237.4017,091.7
STERLITE TECHNOLOGIES LTD-195.00-28.535,563.5
PRECISION WIRES INDIA LTD81.4738.153,107.7
PARAMOUNT COMMUNICATIONS LTD97.1520.962,036.4
UNIVERSAL CABLES LTD41.4849.482,052.4
DYNAMIC CABLES LTD46.7548.242,255.1
BIRLA CABLE LTD7.3683.85616.8

Cable Industry Benchmark (Top 10) PE Analysis vs CORDS CABLE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE 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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