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BHARAT WIRE ROPES
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHARAT WIRE ROPES is 22.23.

Share Price ₹295.9Apr 18,2024
Market Cap ₹2,012.1 Cr
Earnings-TTM₹90.5 CrTTM-Consolidated Results
Price/Earnings22.23xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BHARAT WIRE ROPES

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 BHARAT WIRE ROPES is calculated as :

Current Market Cap [ ₹2,012.1 Cr] as on Apr 18,2024

(/) Earnings [ ₹90.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 22.23x ]

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

Thus, for BHARAT WIRE ROPES , the investors are currently willing to pay 22.23 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 BHARAT WIRE ROPES !

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 BHARAT WIRE ROPES over the last five years.

Historical PE (Price/Earnings) ratio chart of BHARAT WIRE ROPES


PE Ratio Performance Analysis for BHARAT WIRE ROPES

- BHARAT WIRE ROPES 's latest p/e ratio is 22.23x.

- BHARAT WIRE ROPES 's p/e ratio for fiscal years ending Mar2023 to Mar2022 averaged 24.33x.

- BHARAT WIRE ROPES 's operated at median p/e ratio of 31.76x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, BHARAT WIRE ROPES 's p/e ratio peaked in Mar2022 at 31.76x.

- BHARAT WIRE ROPES 's p/e ratio hit its five-year low in Mar2023 of 16.9x.


How does BHARAT WIRE ROPES 's P/E Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BHARAT WIRE ROPES 90.5122.232,012.1
HINDUSTAN ZINC LTD8,304.0020.59171,020.0
HINDALCO INDUSTRIES LTD9,387.0014.67137,709.0
VEDANTA LTD8,393.0017.22144,562.0
HINDUSTAN COPPER LTD303.15113.4534,392.2
GRAVITA INDIA LTD236.8528.656,786.1
SHIVALIK BIMETAL CONTROLS LTD78.1341.313,227.9
RAM RATNA WIRES LTD50.8329.431,496.0
NILE LTD33.6312.27412.7
RAJNANDINI METAL LTD18.3117.21315.2
SHERA ENERGY LTD12.4634.96435.6

Metal - Non Ferrous Industry Benchmark (Top 10) PE Analysis vs BHARAT WIRE ROPES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.27x
Max industry PE 113.45x
Median industry PE 22.23x
Average industry PE 32.00x



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