Top 5 Companies With A High PE Multiple

Last week, we took a look at the 5 companies trading with a low PE multiple. This week, we are looking at the other side of it - companies trading with a high PE multiple on their FY13 consolidated earnings. We have taken into consideration companies that have a PAT and Equity Capital of more than Rs 50 crore.

Jubilant FoodWorks: Jubilant FoodWorks is a Jubilant Bhartia Group company. It operates the Domino's Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. The company is India's largest and fastest growing food service company, with a network of 576 Domino's Pizza Stores (as of March 31, 2013). The company launched the Dunkin' Donuts in India in April 2012 in Delhi. It has 14 Dunkin' Donuts restaurants in India (as of June 30, 2013).

As of March 2013, the company trades at a PE multiple of 58.22x with a market capitalisation of Rs 7632.94 crore. It has provided negative returns of 10.78% on a YTD basis.

Rasoya Proteins: Rasoya Proteins engages in soya processing business in India. It primarily offers soya bean refined oil under the Rasoya brand and whole wheat chakki atta under the Mejwani brand. In addition, it engages in the trade of edible oil products. The company exports its products to other countries. Rasoya Proteins was incorporated in 1992 and is headquartered in Nagpur.

With a market capitalisation of Rs 2404.47 crore and a net profit of Rs 51.77 crore for FY13, the company trades at a PE of 46.45x. On a YTD basis, the company has witnessed a southward journey and the prices have declined by 57.41% during the period.

Apollo Hospitals Enterprise: With over 8500 beds across 50 hospitals, and a significant presence at every touch-point of the medical value chain, Apollo Hospitals is one of Asia's largest healthcare groups. It commenced as a 150 bed hospital way back in 1983 and today the group has grown exponentially both in India and overseas. Its growth is often said to be synonymous with India emerging as a major hub in global healthcare.

The company trades at a PE of 44.46x and the market capitalisation stands at Rs 13493 crore. The company, on a YTD basis, has generated returns of 22.98%.

Asian Paints: Established in the year 1942, Asian Paints has come a long way to become India's largest and Asia's third largest paint company. Asian Paints operates in 17 countries and has 24 paint manufacturing facilities in the world, servicing consumers in over 65 countries. It has always been a leader in the paint industry, pushing new concepts in India.

With a market capitalisation of Rs 48721 crore, and a net profit of Rs 1113.88 crore as of FY13, the company trades at a PE of 43.74x. On a YTD basis, the company has generated returns of 14.88% during the period.

DLF: DLF has a track record of over 60 years with 325 MSF of planned projects and 56 MSF of projects under construction. DLF's primary business is development of residential, commercial and retail properties. From developing 22 major colonies in Delhi, DLF is now present across 15 states and 24 cities in India.

The company trades at a PE of 41.78x and the market capitalisation stands at Rs 29744 crore. The company, on a YTD basis, has generated negative returns of 25.65%.