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TIME TECHNOPLAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of TIME TECHNOPLAST is 25.33.

Share Price ₹410.4Nov 25,2024
Market Cap ₹9,310.8 Cr
Earnings-TTM₹367.6 CrTTM-Consolidated Results
Price/Earnings25.33xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TIME TECHNOPLAST

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 TIME TECHNOPLAST is calculated as :

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 ]

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

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 latest p/e ratio is 25.33x.

- 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 RatioMarket Cap
TIME TECHNOPLAST 367.6125.339,310.8
ASTRAL LTD522.9091.6247,908.3
SUPREME INDUSTRIES LTD964.1160.9858,795.0
FINOLEX INDUSTRIES LTD777.4421.3116,563.6
RESPONSIVE INDUSTRIES LTD188.2436.536,875.8
PRINCE PIPES AND FITTINGS LTD131.6635.834,717.6
EPL LTD256.6033.338,551.9
JAI CORP LTD67.8088.636,009.3
GARWARE HITECH FILMS LTD306.3037.2611,413.8
JAIN IRRIGATION SYSTEMS LTD36.76124.854,589.5
MOLDTEK PACKAGING LTD62.8135.712,242.6

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

Top 10 Industry PeersPE Ratio
Min industry PE 21.31x
Max industry PE 124.85x
Median industry PE 36.53x
Average industry PE 53.76x



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