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ELECTROSTEEL CASTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELECTROSTEEL CASTINGS is 19.44.

Share Price ₹189.5Apr 16,2024
Market Cap ₹11,714.9 Cr
Earnings-TTM₹602.5 CrTTM-Consolidated Results
Price/Earnings19.44xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELECTROSTEEL CASTINGS

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 ELECTROSTEEL CASTINGS is calculated as :

Current Market Cap [ ₹11,714.9 Cr] as on Apr 16,2024

(/) Earnings [ ₹602.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.44x ]

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

Thus, for ELECTROSTEEL CASTINGS , the investors are currently willing to pay 19.44 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 ELECTROSTEEL CASTINGS !

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 ELECTROSTEEL CASTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of ELECTROSTEEL CASTINGS


PE Ratio Performance Analysis for ELECTROSTEEL CASTINGS

- ELECTROSTEEL CASTINGS 's latest p/e ratio is 19.44x.

- ELECTROSTEEL CASTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.30x.

- ELECTROSTEEL CASTINGS 's operated at median p/e ratio of 6.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECTROSTEEL CASTINGS 's p/e ratio peaked in Mar2019 at 21.25x.

- ELECTROSTEEL CASTINGS 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does ELECTROSTEEL CASTINGS 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ELECTROSTEEL CASTINGS 602.5019.4411,714.9
AIA ENGINEERING LTD1,143.4231.4535,959.2
PTC INDUSTRIES LTD36.70290.8310,673.9
KIRLOSKAR FERROUS INDUSTRIES LTD374.4922.648,477.7
ALICON CASTALLOY LTD50.4527.511,387.6
STEELCAST LTD75.8416.921,283.3
NELCAST LTD53.8324.541,321.1
UNI ABEX ALLOY PRODUCTS LTD38.6014.87574.1
SYNERGY GREEN INDUSTRIES LTD11.7441.57488.1
NITIN CASTINGS LTD10.5131.40329.9
INVESTMENT & PRECISION CASTINGS LTD9.9830.32302.7

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs ELECTROSTEEL CASTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.87x
Max industry PE 290.83x
Median industry PE 27.51x
Average industry PE 50.14x



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