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JAIN IRRIGATION SYSTEMS
PE (Price/Earnings) Ratio

The Current P/E Ratio of JAIN IRRIGATION SYSTEMS is 115.74.

Share Price ₹63.7Nov 21,2024
Market Cap ₹4,254.6 Cr
Earnings-TTM₹36.8 CrTTM-Consolidated Results
Price/Earnings115.74xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JAIN IRRIGATION SYSTEMS

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 JAIN IRRIGATION SYSTEMS is calculated as :

Current Market Cap [ ₹4,254.6 Cr] as on Nov 21,2024

(/) Earnings [ ₹36.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 115.74x ]

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

Thus, for JAIN IRRIGATION SYSTEMS , the investors are currently willing to pay 115.74 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 JAIN IRRIGATION SYSTEMS !

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 JAIN IRRIGATION SYSTEMS over the last five years.

Historical PE (Price/Earnings) ratio chart of JAIN IRRIGATION SYSTEMS


PE Ratio Performance Analysis for JAIN IRRIGATION SYSTEMS

- JAIN IRRIGATION SYSTEMS 's latest p/e ratio is 115.74x.

- JAIN IRRIGATION SYSTEMS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 16.91x.

- JAIN IRRIGATION SYSTEMS 's operated at median p/e ratio of 2.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JAIN IRRIGATION SYSTEMS 's p/e ratio peaked in Mar2024 at 74.3x.

- JAIN IRRIGATION SYSTEMS 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does JAIN IRRIGATION SYSTEMS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JAIN IRRIGATION SYSTEMS 36.76115.744,254.6
ASTRAL LTD522.9088.1046,066.8
SUPREME INDUSTRIES LTD964.1159.9057,752.1
FINOLEX INDUSTRIES LTD777.4420.4215,871.8
RESPONSIVE INDUSTRIES LTD188.2435.496,679.9
PRINCE PIPES AND FITTINGS LTD131.6635.584,685.0
EPL LTD256.6031.428,061.1
JAI CORP LTD67.8075.255,101.9
TIME TECHNOPLAST LTD367.6122.948,431.6
GARWARE HITECH FILMS LTD306.3035.2810,807.2
MOLDTEK PACKAGING LTD62.8135.012,198.9

Plastic Products Industry Benchmark (Top 10) PE Analysis vs JAIN IRRIGATION SYSTEMS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.42x
Max industry PE 115.74x
Median industry PE 35.49x
Average industry PE 50.47x



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