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ELECON ENGINEERING COMPANY
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELECON ENGINEERING COMPANY is 35.24.

Share Price ₹987.3Apr 15,2024
Market Cap ₹11,076.9 Cr
Earnings-TTM₹314.3 CrTTM-Consolidated Results
Price/Earnings35.24xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELECON ENGINEERING COMPANY

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 ELECON ENGINEERING COMPANY is calculated as :

Current Market Cap [ ₹11,076.9 Cr] as on Apr 15,2024

(/) Earnings [ ₹314.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.24x ]

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

Thus, for ELECON ENGINEERING COMPANY , the investors are currently willing to pay 35.24 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 ELECON ENGINEERING COMPANY !

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 ELECON ENGINEERING COMPANY over the last five years.

Historical PE (Price/Earnings) ratio chart of ELECON ENGINEERING COMPANY


PE Ratio Performance Analysis for ELECON ENGINEERING COMPANY

- ELECON ENGINEERING COMPANY 's latest p/e ratio is 35.24x.

- ELECON ENGINEERING COMPANY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.87x.

- ELECON ENGINEERING COMPANY 's operated at median p/e ratio of 11.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECON ENGINEERING COMPANY 's p/e ratio peaked in Mar2023 at 18.04x.

- ELECON ENGINEERING COMPANY 's p/e ratio hit its five-year low in Mar2020 of 2.38x.


How does ELECON ENGINEERING COMPANY '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
ELECON ENGINEERING COMPANY 314.3235.2411,076.9
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
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
ION EXCHANGE (INDIA) LTD202.2340.928,275.7

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs ELECON ENGINEERING COMPANY 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -487.71x
Max industry PE 91.90x
Median industry PE 35.24x
Average industry PE -2.74x



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