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ELGI EQUIPMENTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELGI EQUIPMENTS is 48.84.

Share Price ₹617.4Apr 24,2024
Market Cap ₹19,565.4 Cr
Earnings-TTM₹400.6 CrTTM-Consolidated Results
Price/Earnings48.84xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELGI EQUIPMENTS

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 ELGI EQUIPMENTS is calculated as :

Current Market Cap [ ₹19,565.4 Cr] as on Apr 24,2024

(/) Earnings [ ₹400.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 48.84x ]

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

Thus, for ELGI EQUIPMENTS , the investors are currently willing to pay 48.84 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 ELGI EQUIPMENTS !

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 ELGI EQUIPMENTS over the last five years.

Historical PE (Price/Earnings) ratio chart of ELGI EQUIPMENTS


PE Ratio Performance Analysis for ELGI EQUIPMENTS

- ELGI EQUIPMENTS 's latest p/e ratio is 48.84x.

- ELGI EQUIPMENTS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 37.13x.

- ELGI EQUIPMENTS 's operated at median p/e ratio of 37.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELGI EQUIPMENTS 's p/e ratio peaked in Mar2021 at 58.81x.

- ELGI EQUIPMENTS 's p/e ratio hit its five-year low in Mar2019 of 18.79x.


How does ELGI EQUIPMENTS 's P/E Ratio benchmark against top 10 peers in Compressors / Pumps Industry?

Peer Comparison (Compressors / Pumps Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ELGI EQUIPMENTS 400.5748.8419,565.4
KSB LTD204.6079.5316,271.6
INGERSOLLRAND (INDIA) LTD225.6354.4112,276.6
DYNAMATIC TECHNOLOGIES LTD82.2667.115,520.3
KIRLOSKAR PNEUMATIC COMPANY LTD105.2948.955,154.3
WPIL LTD199.1417.853,554.5
SHAKTI PUMPS (INDIA) LTD54.3064.853,521.3
ROTO PUMPS LTD37.6635.471,335.8

Compressors / Pumps Industry Benchmark (Top 10) PE Analysis vs ELGI EQUIPMENTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 17.85x
Max industry PE 79.53x
Median industry PE 54.41x
Average industry PE 52.13x



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