NAHAR SPINNING MILLS
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The Current P/E Ratio of NAHAR SPINNING MILLS is -39.84.
Share Price | ₹291.3 | Dec 11,2024 |
Market Cap | ₹1,051.6 Cr | |
Earnings-TTM | ₹-26.4 Cr | TTM-Standalone Results |
Price/Earnings | -39.84x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of NAHAR SPINNING MILLS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,051.6 Cr] as on Dec 11,2024
(/) Earnings [ ₹-26.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -39.84x ]
Thus, for NAHAR SPINNING MILLS , the investors are currently willing to pay -39.84 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 NAHAR SPINNING MILLS !
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 NAHAR SPINNING MILLS over the last five years.
Historical PE (Price/Earnings) ratio chart of NAHAR SPINNING MILLS
PE Ratio Performance Analysis for NAHAR SPINNING MILLS
- NAHAR SPINNING MILLS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.11x.
- NAHAR SPINNING MILLS 's operated at median p/e ratio of 3.66x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NAHAR SPINNING MILLS 's p/e ratio peaked in Mar2021 at 9.05x.
- NAHAR SPINNING MILLS 's p/e ratio hit its five-year low in Mar2024 of 0x.
How does NAHAR SPINNING MILLS 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?
Peer Comparison (Textile - Spinning Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
NAHAR SPINNING MILLS | -26.40 | -39.84 | 1,051.6 |
TRIDENT LTD | 325.53 | 57.37 | 18,676.7 |
FILATEX INDIA LTD | 115.70 | 27.06 | 3,131.0 |
NITIN SPINNERS LTD | 155.20 | 17.07 | 2,649.9 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | -85.78 | -12.93 | 1,108.8 |
AMBIKA COTTON MILLS LTD | 64.71 | 15.34 | 992.8 |
RAJAPALAYAM MILLS LTD | -49.62 | -19.51 | 968.1 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 21.42 | 30.90 | 661.7 |
SUPER SALES INDIA LTD | 4.43 | 101.00 | 446.9 |
PRECOT LTD | 40.86 | 18.14 | 741.2 |
MARAL OVERSEAS LTD | -6.47 | -53.25 | 344.5 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs NAHAR SPINNING MILLS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -53.25x |
Max industry PE | 101.00x |
Median industry PE | 17.07x |
Average industry PE | 12.85x |
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