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PRINCE PIPES AND FITTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRINCE PIPES AND FITTINGS is 34.04.

Share Price ₹405.3Dec 24,2024
Market Cap ₹4,482.1 Cr
Earnings-TTM₹131.7 CrTTM-Standalone Results
Price/Earnings34.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRINCE PIPES AND FITTINGS

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 PRINCE PIPES AND FITTINGS is calculated as :

Current Market Cap [ ₹4,482.1 Cr] as on Dec 24,2024

(/) Earnings [ ₹131.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 34.04x ]

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

Thus, for PRINCE PIPES AND FITTINGS , the investors are currently willing to pay 34.04 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 PRINCE PIPES AND FITTINGS !

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 PRINCE PIPES AND FITTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of PRINCE PIPES AND FITTINGS


PE Ratio Performance Analysis for PRINCE PIPES AND FITTINGS

- PRINCE PIPES AND FITTINGS 's latest p/e ratio is 34.04x.

- PRINCE PIPES AND FITTINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 28.30x.

- PRINCE PIPES AND FITTINGS 's operated at median p/e ratio of 28.12x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRINCE PIPES AND FITTINGS 's p/e ratio peaked in Mar2023 at 49.35x.

- PRINCE PIPES AND FITTINGS 's p/e ratio hit its five-year low in Mar2020 of 10x.


How does PRINCE PIPES AND FITTINGS 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRINCE PIPES AND FITTINGS 131.6634.044,482.1
ASTRAL LTD522.9087.0345,508.1
SUPREME INDUSTRIES LTD964.1162.7960,540.4
FINOLEX INDUSTRIES LTD777.4419.3415,034.2
RESPONSIVE INDUSTRIES LTD188.2435.806,739.9
EPL LTD256.6033.158,505.1
JAI CORP LTD67.8081.935,554.7
TIME TECHNOPLAST LTD367.6130.0711,054.8
GARWARE HITECH FILMS LTD306.3039.0911,972.0
JAIN IRRIGATION SYSTEMS LTD36.76122.134,489.4
MOLDTEK PACKAGING LTD62.8136.802,311.1

Plastic Products Industry Benchmark (Top 10) PE Analysis vs PRINCE PIPES AND FITTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 19.34x
Max industry PE 122.13x
Median industry PE 36.80x
Average industry PE 52.92x



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