TRIDENT
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The Current P/E Ratio of TRIDENT is 49.20.
| Share Price | ₹31.4 | Nov 22,2024 |
| Market Cap | ₹16,016.7 Cr | |
| Earnings-TTM | ₹325.5 Cr | TTM-Consolidated Results |
| Price/Earnings | 49.20x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of TRIDENT
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)
Current Market Cap [ ₹16,016.7 Cr] as on Nov 22,2024
(/) Earnings [ ₹325.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 49.20x ]
P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.
Thus, for TRIDENT , the investors are currently willing to pay 49.20 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 TRIDENT !
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 TRIDENT over the last five years.
Thus, for TRIDENT , the investors are currently willing to pay 49.20 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 TRIDENT !
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 TRIDENT over the last five years.
Historical PE (Price/Earnings) ratio chart of TRIDENT
PE Ratio Performance Analysis for TRIDENT
- TRIDENT 's latest p/e ratio is 49.20x.
- TRIDENT 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 29.56x.
- TRIDENT 's operated at median p/e ratio of 32.3x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TRIDENT 's p/e ratio peaked in Mar2024 at 53.27x.
- TRIDENT 's p/e ratio hit its five-year low in Mar2020 of 6.23x.
- TRIDENT 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 29.56x.
- TRIDENT 's operated at median p/e ratio of 32.3x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TRIDENT 's p/e ratio peaked in Mar2024 at 53.27x.
- TRIDENT 's p/e ratio hit its five-year low in Mar2020 of 6.23x.
How does TRIDENT 's P/E Ratio benchmark against top 10 peers in Textile - Spinning Industry?
| Peer Comparison (Textile - Spinning Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| TRIDENT | 325.53 | 49.20 | 16,016.7 |
| FILATEX INDIA LTD | 115.70 | 24.58 | 2,843.3 |
| NITIN SPINNERS LTD | 155.20 | 13.63 | 2,115.8 |
| NAHAR SPINNING MILLS LTD | -26.40 | -32.65 | 861.8 |
| SUTLEJ TEXTILES AND INDUSTRIES LTD | -85.78 | -11.01 | 944.3 |
| AMBIKA COTTON MILLS LTD | 64.71 | 12.65 | 818.5 |
| RAJAPALAYAM MILLS LTD | -49.62 | -18.72 | 928.9 |
| NAHAR INDUSTRIAL ENTERPRISES LTD | 21.42 | 26.74 | 572.7 |
| SUPER SALES INDIA LTD | 4.43 | 89.75 | 397.2 |
| PRECOT LTD | 40.86 | 16.02 | 654.7 |
| MARAL OVERSEAS LTD | -6.47 | -46.22 | 299.1 |
Textile - Spinning Industry Benchmark (Top 10) PE Analysis vs TRIDENT 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -46.22x |
| Max industry PE | 89.75x |
| Median industry PE | 13.63x |
| Average industry PE | 11.27x |
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