ELECTROSTEEL CASTINGS
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The Current P/E Ratio of ELECTROSTEEL CASTINGS is 19.44.
Share Price | ₹189.5 | Apr 16,2024 |
Market Cap | ₹11,714.9 Cr | |
Earnings-TTM | ₹602.5 Cr | TTM-Consolidated Results |
Price/Earnings | 19.44x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ELECTROSTEEL CASTINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
ELECTROSTEEL CASTINGS | 602.50 | 19.44 | 11,714.9 |
AIA ENGINEERING LTD | 1,143.42 | 31.45 | 35,959.2 |
PTC INDUSTRIES LTD | 36.70 | 290.83 | 10,673.9 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 374.49 | 22.64 | 8,477.7 |
ALICON CASTALLOY LTD | 50.45 | 27.51 | 1,387.6 |
STEELCAST LTD | 75.84 | 16.92 | 1,283.3 |
NELCAST LTD | 53.83 | 24.54 | 1,321.1 |
UNI ABEX ALLOY PRODUCTS LTD | 38.60 | 14.87 | 574.1 |
SYNERGY GREEN INDUSTRIES LTD | 11.74 | 41.57 | 488.1 |
NITIN CASTINGS LTD | 10.51 | 31.40 | 329.9 |
INVESTMENT & PRECISION CASTINGS LTD | 9.98 | 30.32 | 302.7 |
Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs ELECTROSTEEL CASTINGS 's P/E Ratio
Top 10 Industry Peers | PE 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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