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AXTEL INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of AXTEL INDUSTRIES is 29.15.

Share Price ₹682.0Apr 15,2024
Market Cap ₹1,104.8 Cr
Earnings-TTM₹37.9 CrTTM-Standalone Results
Price/Earnings29.15xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of AXTEL INDUSTRIES

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 AXTEL INDUSTRIES is calculated as :

Current Market Cap [ ₹1,104.8 Cr] as on Apr 15,2024

(/) Earnings [ ₹37.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 29.15x ]

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

Thus, for AXTEL INDUSTRIES , the investors are currently willing to pay 29.15 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 AXTEL INDUSTRIES !

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 AXTEL INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of AXTEL INDUSTRIES


PE Ratio Performance Analysis for AXTEL INDUSTRIES

- AXTEL INDUSTRIES 's latest p/e ratio is 29.15x.

- AXTEL INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.45x.

- AXTEL INDUSTRIES 's operated at median p/e ratio of 22.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AXTEL INDUSTRIES 's p/e ratio peaked in Mar2022 at 31.25x.

- AXTEL INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 13.96x.


How does AXTEL INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
AXTEL INDUSTRIES 37.9129.151,104.8
BHARAT ELECTRONICS LTD3,523.8348.62171,341.0
BHARAT HEAVY ELECTRICALS LTD-183.06-487.7189,280.1
THERMAX LTD612.4791.9056,287.1
TRIVENI TURBINE LTD249.2668.9417,184.4
KIRLOSKAR OIL ENGINES LTD370.4133.9412,572.0
ELECON ENGINEERING COMPANY LTD314.3235.2411,076.9
PRAJ INDUSTRIES LTD279.5733.129,258.7
SHRIRAM PISTONS & RINGS LTD413.6021.869,041.7
KIRLOSKAR BROTHERS LTD287.6032.519,350.4
TEGA INDUSTRIES LTD177.4550.548,968.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs AXTEL INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -487.71x
Max industry PE 91.90x
Median industry PE 33.94x
Average industry PE -3.81x



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