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GANDHI SPECIAL TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of GANDHI SPECIAL TUBES is 17.02.

Share Price ₹734.8Mar 28,2024
Market Cap ₹896.5 Cr
Earnings-TTM₹52.7 CrTTM-Standalone Results
Price/Earnings17.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GANDHI SPECIAL TUBES

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 GANDHI SPECIAL TUBES is calculated as :

Current Market Cap [ ₹896.5 Cr] as on Mar 28,2024

(/) Earnings [ ₹52.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 17.02x ]

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

Thus, for GANDHI SPECIAL TUBES , the investors are currently willing to pay 17.02 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 GANDHI SPECIAL TUBES !

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 GANDHI SPECIAL TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of GANDHI SPECIAL TUBES


PE Ratio Performance Analysis for GANDHI SPECIAL TUBES

- GANDHI SPECIAL TUBES 's latest p/e ratio is 17.02x.

- GANDHI SPECIAL TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 11.58x.

- GANDHI SPECIAL TUBES 's operated at median p/e ratio of 12.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GANDHI SPECIAL TUBES 's p/e ratio peaked in Mar2023 at 12.59x.

- GANDHI SPECIAL TUBES 's p/e ratio hit its five-year low in Mar2021 of 9.51x.


How does GANDHI SPECIAL TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GANDHI SPECIAL TUBES 52.6817.02896.5
JSW STEEL LTD11,474.0017.72203,303.0
TATA STEEL LTD-3,899.20-49.91194,617.0
JINDAL STAINLESS LTD2,816.4120.3057,183.4
STEEL AUTHORITY OF INDIA LTD2,533.0121.8855,411.0
APL APOLLO TUBES LTD763.8254.3341,495.5
MOTHERSON SUMI WIRING INDIA LTD585.3449.8329,166.1
RATNAMANI METALS & TUBES LTD624.5631.3019,545.9
SHYAM METALICS AND ENERGY LTD1,101.7314.9716,489.7
WELSPUN CORP LTD894.1615.1013,500.7
JINDAL SAW LTD1,406.609.8213,816.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs GANDHI SPECIAL TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -49.91x
Max industry PE 54.33x
Median industry PE 17.72x
Average industry PE 18.39x



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