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Acknit Industries Ltd PE Ratio

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Acknit Industries Ltd

NSE: ACKNITINDUS

PE

9.7

Last updated on: Jan 12, 2025

Key Highlights

  • The P/E Ratio of Acknit Industries Ltd is 9.7 as of 12 Jan 10:15 AM .
  • The P/E Ratio of Acknit Industries Ltd changed from 3 on March 2020 to 7.9 on March 2024 . This represents a CAGR of 21.37% over 5 years.
  • The Latest Trading Price of Acknit Industries Ltd is ₹ 291 as of 10 Jan 15:30 .
  • The PE Ratio of Textiles Industry has changed from 9.9 to 36.9 in 5 years. This represents a CAGR of 30.10%.
  • The PE Ratio of Automobile industry is 20.3. The PE Ratio of Finance industry is 17.8. The PE Ratio of IT - Software industry is 30.4. The PE Ratio of Retail industry is 157.6. The PE Ratio of Textiles industry is 36.9 in 2024.

Historical P/E Ratio of Acknit Industries Ltd

No data available

Company Fundamentals for Acknit Industries Ltd

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Acknit Industries Ltd

NSE: ACKNITINDUS

Share Price

₹ 291

-2.25 (-0.77%)

stock direction

Last updated on: Jan 10, 2025

Market Price of Acknit Industries Ltd

1M

1Y

3Y

5Y

Monitoring Acknit Industries Ltd share price can help you stay informed about potential market shifts and opportunities. *All values are in Rupees.

Last Ten Days Market Price

Date
leftPrice (₹)right
10 Jan 2025291
09 Jan 2025293.25
08 Jan 2025302.7
07 Jan 2025297.95
06 Jan 2025295
03 Jan 2025303.35
02 Jan 2025307.8
01 Jan 2025306.6
31 Dec 2024305
30 Dec 2024303.75

SWOT Analysis Of Acknit Industries Ltd

Strength

1

che

Weakness

1

che

Opportunity

0

che

Threats

0

che

BlinkX Score for Acknit Industries Ltd

Asset Value vs Market Value of Acknit Industries Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/E Ratio

Company
leftMarket Capright
Acknit Industries Ltd88.46
Grasim Industries Ltd155764
Trident Ltd16022
Welspun Living Ltd14363
Vardhman Textiles Ltd13704

PE Ratio of Acknit Industries Ltd Explained

``

88.46

Market cap

9

Earnings

9.7X

PE Ratio

The price-to-earnings ratio (P/E ratio) is a valuation measure calculated by dividing a company's current share price by its earnings per share.


P/E Ratio Formula


P/E ratio = (CMP of share/ Earning per share)


Types of Price to Earning Ratio


1. Forward P/E ratio: It is calculated by simply dividing the price of a single unit of a company along with the estimated earnings of a company derived from its future earning guidance.
2. Trailing P/E ratio: It is the most common metric used by investors where past earnings of a company over a period are considered.

PE Ratio of Textiles Industry over time

PE Ratio of Top Sectors

Historical Market Cap of Acknit Industries Ltd

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Acknit Industries Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Historical Dividend Payout of Acknit Industries Ltd

No data available

* All values are in %

About Acknit Industries Ltd

  • Acknit Industries Limited formerly known as Acknit Knitting Limited, incorporated in 1990, is an ISO 9001 - 2008 Public Limited Company, In a span of twenty of twenty three years of operations, the Company has been engaged in the manufacturing and exporting of seamless hand gloves.
  • Acknit has diversified its product range into divisions, namely seamless gloves division, leather division and other leather products division and industrial garments division. Gloves Division produce all types of seamless gloves made of different yarn of cotton, poly/cotton, polyamide, kevlar, dyneema.
  • Leather division produces all types of leather gloves, jacket, apron, leg guard made from split, chrome, heat resistance and water repellant leather.
  • Industrial garment produces all types of industrial garments made from 100% cotton fabric, poly/cotton, polyester and fabrics.

Acknit Industries Ltd News Hub

Acknit Industries to conduct AGM

Acknit Industries announced that the 34th Annual General Meeting (AGM) of the company will be held o

Read more

2024-08-21 00:00:00

Acknit Industries standalone net profit rises 26.92% in the June 2024 quarter

Net profit of Acknit Industries rose 26.92% to Rs 1.98 crore in the quarter ended June 2024 as again

Read more

2024-08-10 00:00:00

Acknit Industries to announce Quarterly Result

Acknit Industries will hold a meeting of the Board of Directors of the Company on 9 August 2024. Pow

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2024-08-03 00:00:00

Acknit Industries to convene board meeting

Acknit Industries will hold a meeting of the Board of Directors of the Company on 12 November 2024 P

Read more

2024-11-05 00:00:00

Product Composition by Percentage (Revenue)

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Annual Reports

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Credit Ratings

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Concalls

Data not available

FAQs for PE of Acknit Industries Ltd

What is the current PE Ratio of Acknit Industries Ltd?

The Current PE Ratio of Acknit Industries Ltd is 9.68 as on 12 Jan 2025.

What is the average PE Ratio of the Textiles industry?

The average industry PE Ratio of Textiles is 36.9 as on 12 Jan 2025.

What was the PE Ratio of Acknit Industries Ltd last year?

The PE Ratio of Acknit Industries Ltd was 4.69 last year, now the PE ratio is 9.68, showing a year-on-year growth of 106.4%.

What does the PE Ratio of Acknit Industries Ltd indicate about its stock?

The PE Ratio of Acknit Industries Ltd is 9.68. This ratio indicates that investors are willing to pay 9.68 times the earnings per share for each share of Acknit Industries Ltd.

What is the PE Ratio Growth of Acknit Industries Ltd in comparison to its Earnings per Share (EPS) growth rate?

The PE Ratio of Acknit Industries Ltd grew by 106.4% whereas, the EPS ratio grew by 4.6.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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