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REDTAPE
PE (Price/Earnings) Ratio

The Current P/E Ratio of REDTAPE is 79.63.

Share Price ₹922.8Oct 17,2024
Market Cap ₹12,753.1 Cr
Earnings-TTM₹160.2 CrTTM-Consolidated Results
Price/Earnings79.63xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of REDTAPE

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 REDTAPE is calculated as :

Current Market Cap [ ₹12,753.1 Cr] as on Oct 17,2024

(/) Earnings [ ₹160.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 79.63x ]

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

Thus, for REDTAPE , the investors are currently willing to pay 79.63 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 REDTAPE !

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 REDTAPE over the last five years.

Historical PE (Price/Earnings) ratio chart of REDTAPE


PE Ratio Performance Analysis for REDTAPE

- REDTAPE 's latest p/e ratio is 79.63x.

- REDTAPE 's p/e ratio for fiscal years ending Mar2024 to Mar2023 averaged 25.78x.

- REDTAPE 's operated at median p/e ratio of 51.55x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, REDTAPE 's p/e ratio peaked in Mar2024 at 51.55x.

- REDTAPE 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does REDTAPE 's P/E Ratio benchmark against top 10 peers in Retailing Industry?

Peer Comparison (Retailing Industry)Earnings-TTM (Cr)PE RatioMarket Cap
REDTAPE 160.1679.6312,753.1
AVENUE SUPERMARTS LTD2,686.6798.93265,792.0
TRENT LTD1,549.42177.11274,424.0
METRO BRANDS LTD411.6383.7934,491.3
ADITYA BIRLA FASHION AND RETAIL LTD-801.28-44.2435,445.6
BATA INDIA LTD329.6855.8818,423.8
SHOPPERS STOP LTD40.04205.218,216.5
ELECTRONICS MART INDIA LTD196.1841.288,099.0
ETHOS LTD87.6486.817,607.4
VAIBHAV GLOBAL LTD124.6139.174,880.4
GO FASHION (INDIA) LTD85.1578.526,686.0

Retailing Industry Benchmark (Top 10) PE Analysis vs REDTAPE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -44.24x
Max industry PE 205.21x
Median industry PE 79.63x
Average industry PE 82.01x



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