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PRIMA PLASTICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRIMA PLASTICS is 14.96.

Share Price ₹164.5Dec 20,2024
Market Cap ₹180.9 Cr
Earnings-TTM₹12.1 CrTTM-Consolidated Results
Price/Earnings14.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRIMA PLASTICS

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 PRIMA PLASTICS is calculated as :

Current Market Cap [ ₹180.9 Cr] as on Dec 20,2024

(/) Earnings [ ₹12.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.96x ]

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

Thus, for PRIMA PLASTICS , the investors are currently willing to pay 14.96 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 PRIMA PLASTICS !

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 PRIMA PLASTICS over the last five years.

Historical PE (Price/Earnings) ratio chart of PRIMA PLASTICS


PE Ratio Performance Analysis for PRIMA PLASTICS

- PRIMA PLASTICS 's latest p/e ratio is 14.96x.

- PRIMA PLASTICS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.00x.

- PRIMA PLASTICS 's operated at median p/e ratio of 7.29x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRIMA PLASTICS 's p/e ratio peaked in Mar2022 at 10.45x.

- PRIMA PLASTICS 's p/e ratio hit its five-year low in Mar2020 of 2.78x.


How does PRIMA PLASTICS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRIMA PLASTICS 12.1014.96180.9
ASTRAL LTD522.9089.1146,594.7
SUPREME INDUSTRIES LTD964.1163.8761,575.6
FINOLEX INDUSTRIES LTD777.4419.0514,813.9
RESPONSIVE INDUSTRIES LTD188.2435.676,714.5
PRINCE PIPES AND FITTINGS LTD131.6634.224,505.4
EPL LTD256.6032.938,450.9
JAI CORP LTD67.8082.115,567.0
TIME TECHNOPLAST LTD367.6128.8510,606.7
GARWARE HITECH FILMS LTD306.3037.9111,611.4
JAIN IRRIGATION SYSTEMS LTD36.76125.724,621.4

Plastic Products Industry Benchmark (Top 10) PE Analysis vs PRIMA PLASTICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.96x
Max industry PE 125.72x
Median industry PE 35.67x
Average industry PE 51.31x



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