NITIN SPINNERS
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The Current P/E Ratio of NITIN SPINNERS is 13.01.
| Share Price | ₹389.6 | Feb 07,2025 |
| Market Cap | ₹2,189.3 Cr | |
| Earnings-TTM | ₹168.2 Cr | TTM-Standalone Results |
| Price/Earnings | 13.01x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NITIN SPINNERS
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)
Current Market Cap [ ₹2,189.3 Cr] as on Feb 07,2025
(/) Earnings [ ₹168.2 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 13.01x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for NITIN SPINNERS , the investors are currently willing to pay 13.01 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 NITIN SPINNERS !
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 NITIN SPINNERS over the last five years.
Thus, for NITIN SPINNERS , the investors are currently willing to pay 13.01 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 NITIN SPINNERS !
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 NITIN SPINNERS over the last five years.
Historical PE (Price/Earnings) ratio chart of NITIN SPINNERS
PE Ratio Performance Analysis for NITIN SPINNERS
- NITIN SPINNERS 's latest p/e ratio is 13.01x.
- NITIN SPINNERS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.74x.
- NITIN SPINNERS 's operated at median p/e ratio of 6.62x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/e ratio peaked in Mar2024 at 13.85x.
- NITIN SPINNERS 's p/e ratio hit its five-year low in Mar2022 of 3.91x.
- NITIN SPINNERS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.74x.
- NITIN SPINNERS 's operated at median p/e ratio of 6.62x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/e ratio peaked in Mar2024 at 13.85x.
- NITIN SPINNERS 's p/e ratio hit its five-year low in Mar2022 of 3.91x.
How does NITIN SPINNERS '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 |
|---|---|---|---|
| NITIN SPINNERS | 168.23 | 13.01 | 2,189.3 |
| TRIDENT LTD | 296.32 | 52.25 | 15,481.5 |
| FILATEX INDIA LTD | 128.03 | 16.45 | 2,106.5 |
| NAHAR SPINNING MILLS LTD | -10.43 | -76.56 | 798.9 |
| SUTLEJ TEXTILES AND INDUSTRIES LTD | -81.36 | -10.55 | 858.0 |
| AMBIKA COTTON MILLS LTD | 64.71 | 13.27 | 858.8 |
| RAJAPALAYAM MILLS LTD | -58.10 | -14.95 | 868.7 |
| NAHAR INDUSTRIAL ENTERPRISES LTD | 21.42 | 24.44 | 523.4 |
| SUPER SALES INDIA LTD | -2.09 | -144.84 | 303.2 |
| PRECOT LTD | 40.86 | 13.80 | 564.0 |
| MARAL OVERSEAS LTD | -18.09 | -18.07 | 327.0 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs NITIN SPINNERS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -144.84x |
| Max industry PE | 52.25x |
| Median industry PE | 13.01x |
| Average industry PE | -11.98x |
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