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ALPEX SOLAR
PE (Price/Earnings) Ratio

The Current P/E Ratio of ALPEX SOLAR is 9.12.

Share Price ₹713.0Oct 22,2026
Market Cap ₹1,818.2 Cr
Earnings-TTM₹199.3 CrTTM-Consolidated Results
Price/Earnings9.12xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ALPEX SOLAR

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 ALPEX SOLAR is calculated as :

Current Market Cap [ ₹1,818.2 Cr] as on Oct 22,2026

(/) Earnings [ ₹199.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.12x ]

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

Thus, for ALPEX SOLAR , the investors are currently willing to pay 9.12 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 ALPEX SOLAR !

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 ALPEX SOLAR over the last five years.

Historical PE (Price/Earnings) ratio chart of ALPEX SOLAR


PE Ratio Performance Analysis for ALPEX SOLAR

- ALPEX SOLAR 's latest p/e ratio is 9.12x.

- ALPEX SOLAR 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 10.84x.

- ALPEX SOLAR 's operated at median p/e ratio of 9.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ALPEX SOLAR 's p/e ratio peaked in Mar2024 at 27.96x.

- ALPEX SOLAR 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ALPEX SOLAR 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ALPEX SOLAR 199.319.121,818.2
HITACHI ENERGY INDIA LTD1,150.39104.75120,501.0
ABB INDIA LTD1,555.1888.02136,893.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,238.14103.83128,559.0
SIEMENS LTD1,238.2096.98120,084.0
GE VERNOVA T&D INDIA LTD1,305.0473.3895,761.4
WAAREE ENERGIES LTD4,003.1317.0168,087.1
HAVELLS INDIA LTD1,637.4141.2267,500.5
SUZLON ENERGY LTD3,144.2916.8352,924.5
APAR INDUSTRIES LTD1,181.1852.1961,649.3
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD183.76149.7927,525.7

Electric Equipment Industry Benchmark (Top 10) PE Analysis vs ALPEX SOLAR 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.12x
Max industry PE 149.79x
Median industry PE 73.38x
Average industry PE 68.47x



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