ALPEX SOLAR
|
The Current P/E Ratio of ALPEX SOLAR is 9.09.
| Share Price | ₹710.1 | Nov 06,2026 |
| Market Cap | ₹1,810.8 Cr | |
| Earnings-TTM | ₹199.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 9.09x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of ALPEX SOLAR
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,810.8 Cr] as on Nov 06,2026
(/) Earnings [ ₹199.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 9.09x ]
Thus, for ALPEX SOLAR , the investors are currently willing to pay 9.09 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 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 Ratio | Market Cap |
|---|---|---|---|
| ALPEX SOLAR | 199.31 | 9.09 | 1,810.8 |
| HITACHI ENERGY INDIA LTD | 1,150.39 | 107.81 | 124,019.0 |
| ABB INDIA LTD | 1,555.18 | 93.68 | 145,687.0 |
| CG POWER AND INDUSTRIAL SOLUTIONS LTD | 1,362.79 | 90.41 | 123,211.0 |
| SIEMENS LTD | 1,454.20 | 89.52 | 130,178.0 |
| GE VERNOVA T&D INDIA LTD | 1,436.95 | 72.29 | 103,878.0 |
| WAAREE ENERGIES LTD | 3,878.56 | 18.10 | 70,215.7 |
| HAVELLS INDIA LTD | 1,637.41 | 42.99 | 70,394.2 |
| SUZLON ENERGY LTD | 2,259.00 | 23.76 | 53,680.6 |
| APAR INDUSTRIES LTD | 1,376.66 | 44.35 | 61,059.7 |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LTD | 161.09 | 165.60 | 26,676.8 |
Electric Equipment Industry Benchmark (Top 10) PE Analysis vs ALPEX SOLAR 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 9.09x |
| Max industry PE | 165.60x |
| Median industry PE | 72.29x |
| Average industry PE | 68.87x |
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