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ELIN ELECTRONICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELIN ELECTRONICS is 66.21.

Share Price ₹159.0May 16,2024
Market Cap ₹790.2 Cr
Earnings-TTM₹11.9 CrTTM-Consolidated Results
Price/Earnings66.21xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELIN ELECTRONICS

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 ELIN ELECTRONICS is calculated as :

Current Market Cap [ ₹790.2 Cr] as on May 16,2024

(/) Earnings [ ₹11.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 66.21x ]

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

Thus, for ELIN ELECTRONICS , the investors are currently willing to pay 66.21 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 ELIN ELECTRONICS !

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 ELIN ELECTRONICS over the last five years.

Historical PE (Price/Earnings) ratio chart of ELIN ELECTRONICS


PE Ratio Performance Analysis for ELIN ELECTRONICS

- ELIN ELECTRONICS 's latest p/e ratio is 66.21x.

- ELIN ELECTRONICS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.32x.

- ELIN ELECTRONICS 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELIN ELECTRONICS 's p/e ratio peaked in Mar2023 at 21.59x.

- ELIN ELECTRONICS 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does ELIN ELECTRONICS '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
ELIN ELECTRONICS 11.9466.21790.2
BHARAT ELECTRONICS LTD3,523.8349.35173,900.0
BHARAT HEAVY ELECTRICALS LTD-183.06-560.18102,547.0
THERMAX LTD644.0191.4858,914.4
TRIVENI TURBINE LTD249.2677.1619,233.1
KIRLOSKAR OIL ENGINES LTD438.3739.8017,449.0
ELECON ENGINEERING COMPANY LTD349.1836.8012,848.6
PRAJ INDUSTRIES LTD279.5733.879,468.2
SHRIRAM PISTONS & RINGS LTD438.6819.778,673.0
KIRLOSKAR BROTHERS LTD339.6043.5314,784.0
TEGA INDUSTRIES LTD177.4557.2410,157.6

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs ELIN ELECTRONICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -560.18x
Max industry PE 91.48x
Median industry PE 43.53x
Average industry PE -4.09x



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