TIME TECHNOPLAST
|
The Current P/E Ratio of TIME TECHNOPLAST is 25.33.
Share Price | ₹410.4 | Nov 25,2024 |
Market Cap | ₹9,310.8 Cr | |
Earnings-TTM | ₹367.6 Cr | TTM-Consolidated Results |
Price/Earnings | 25.33x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TIME TECHNOPLAST
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹9,310.8 Cr] as on Nov 25,2024
(/) Earnings [ ₹367.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 25.33x ]
Thus, for TIME TECHNOPLAST , the investors are currently willing to pay 25.33 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 TIME TECHNOPLAST !
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 TIME TECHNOPLAST over the last five years.
Historical PE (Price/Earnings) ratio chart of TIME TECHNOPLAST
PE Ratio Performance Analysis for TIME TECHNOPLAST
- TIME TECHNOPLAST 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.08x.
- TIME TECHNOPLAST 's operated at median p/e ratio of 7.96x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TIME TECHNOPLAST 's p/e ratio peaked in Mar2024 at 18.23x.
- TIME TECHNOPLAST 's p/e ratio hit its five-year low in Mar2020 of 3.34x.
How does TIME TECHNOPLAST 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TIME TECHNOPLAST | 367.61 | 25.33 | 9,310.8 |
ASTRAL LTD | 522.90 | 91.62 | 47,908.3 |
SUPREME INDUSTRIES LTD | 964.11 | 60.98 | 58,795.0 |
FINOLEX INDUSTRIES LTD | 777.44 | 21.31 | 16,563.6 |
RESPONSIVE INDUSTRIES LTD | 188.24 | 36.53 | 6,875.8 |
PRINCE PIPES AND FITTINGS LTD | 131.66 | 35.83 | 4,717.6 |
EPL LTD | 256.60 | 33.33 | 8,551.9 |
JAI CORP LTD | 67.80 | 88.63 | 6,009.3 |
GARWARE HITECH FILMS LTD | 306.30 | 37.26 | 11,413.8 |
JAIN IRRIGATION SYSTEMS LTD | 36.76 | 124.85 | 4,589.5 |
MOLDTEK PACKAGING LTD | 62.81 | 35.71 | 2,242.6 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs TIME TECHNOPLAST 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 21.31x |
Max industry PE | 124.85x |
Median industry PE | 36.53x |
Average industry PE | 53.76x |
You may also like the below Video Courses