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TPL PLASTECH
PE (Price/Earnings) Ratio

The Current P/E Ratio of TPL PLASTECH is 36.38.

Share Price ₹101.6Dec 24,2024
Market Cap ₹792.5 Cr
Earnings-TTM₹21.8 CrTTM-Standalone Results
Price/Earnings36.38xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TPL PLASTECH

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 TPL PLASTECH is calculated as :

Current Market Cap [ ₹792.5 Cr] as on Dec 24,2024

(/) Earnings [ ₹21.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 36.38x ]

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

Thus, for TPL PLASTECH , the investors are currently willing to pay 36.38 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 TPL PLASTECH !

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 TPL PLASTECH over the last five years.

Historical PE (Price/Earnings) ratio chart of TPL PLASTECH


PE Ratio Performance Analysis for TPL PLASTECH

- TPL PLASTECH 's latest p/e ratio is 36.38x.

- TPL PLASTECH 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 8.63x.

- TPL PLASTECH 's operated at median p/e ratio of 2.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TPL PLASTECH 's p/e ratio peaked in Mar2024 at 24.33x.

- TPL PLASTECH 's p/e ratio hit its five-year low in Mar2020 of 0.48x.


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

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TPL PLASTECH 21.7836.38792.5
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
PRINCE PIPES AND FITTINGS LTD131.6634.034,480.5
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

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

Top 10 Industry PeersPE Ratio
Min industry PE 19.34x
Max industry PE 122.13x
Median industry PE 36.38x
Average industry PE 52.88x



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