Home > PE Ratio > DREDGING CORPORATION OF INDIA

DREDGING CORPORATION OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of DREDGING CORPORATION OF INDIA is 52.47.

Share Price ₹842.7Apr 24,2024
Market Cap ₹2,359.4 Cr
Earnings-TTM₹45.0 CrTTM-Standalone Results
Price/Earnings52.47xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for DREDGING CORPORATION OF INDIA
Please provide your vote to see the results
DREDGING CORPORATION OF INDIA is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of DREDGING CORPORATION OF INDIA

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 DREDGING CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹2,359.4 Cr] as on Apr 24,2024

(/) Earnings [ ₹45.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 52.47x ]

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

Thus, for DREDGING CORPORATION OF INDIA , the investors are currently willing to pay 52.47 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 DREDGING CORPORATION OF INDIA !

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 DREDGING CORPORATION OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of DREDGING CORPORATION OF INDIA


PE Ratio Performance Analysis for DREDGING CORPORATION OF INDIA

- DREDGING CORPORATION OF INDIA 's latest p/e ratio is 52.47x.

- DREDGING CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 83.18x.

- DREDGING CORPORATION OF INDIA 's operated at median p/e ratio of 62.84x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DREDGING CORPORATION OF INDIA 's p/e ratio peaked in Mar2022 at 247.51x.

- DREDGING CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does DREDGING CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DREDGING CORPORATION OF INDIA 44.9752.472,359.4
THE GREAT EASTERN SHIPPING COMPANY LTD2,431.046.2715,246.8
SHIPPING CORPORATION OF INDIA LTD679.0815.1910,315.1
SEAMEC LTD63.2143.882,773.4
SHREYAS SHIPPING & LOGISTICS LTD-35.35-19.03672.8
ESSAR SHIPPING LTD327.271.85606.9
GLOBAL OFFSHORE SERVICES LTD599.940.20118.4

Shipping Industry Benchmark (Top 10) PE Analysis vs DREDGING CORPORATION OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -19.03x
Max industry PE 52.47x
Median industry PE 6.27x
Average industry PE 14.40x



You may also like the below Video Courses