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BALKRISHNA INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of BALKRISHNA INDUSTRIES is 37.96.

Share Price ₹2,444.1May 07,2024
Market Cap ₹47,243.5 Cr
Earnings-TTM₹1,244.5 CrTTM-Consolidated Results
Price/Earnings37.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BALKRISHNA 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 BALKRISHNA INDUSTRIES is calculated as :

Current Market Cap [ ₹47,243.5 Cr] as on May 07,2024

(/) Earnings [ ₹1,244.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 37.96x ]

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

Thus, for BALKRISHNA INDUSTRIES , the investors are currently willing to pay 37.96 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 BALKRISHNA 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 BALKRISHNA INDUSTRIES over the last five years.

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


PE Ratio Performance Analysis for BALKRISHNA INDUSTRIES

- BALKRISHNA INDUSTRIES 's latest p/e ratio is 37.96x.

- BALKRISHNA INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 26.60x.

- BALKRISHNA INDUSTRIES 's operated at median p/e ratio of 27.75x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BALKRISHNA INDUSTRIES 's p/e ratio peaked in Mar2023 at 35.68x.

- BALKRISHNA INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 15.93x.


How does BALKRISHNA INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BALKRISHNA INDUSTRIES 1,244.5437.9647,243.5
MRF LTD2,081.2325.3752,810.2
APOLLO TYRES LTD1,794.8516.9430,405.5
JK TYRE & INDUSTRIES LTD749.1013.7010,259.5
CEAT LTD614.4815.459,491.0
TVS SRICHAKRA LTD106.3630.103,201.4
GOODYEAR INDIA LTD132.6720.192,678.0

Tyres & Allied Industry Benchmark (Top 10) PE Analysis vs BALKRISHNA INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 13.70x
Max industry PE 37.96x
Median industry PE 20.19x
Average industry PE 22.81x



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