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GANGA FORGING
PE (Price/Earnings) Ratio

The Current P/E Ratio of GANGA FORGING is 57.73.

Share Price ₹8.4Apr 25,2024
Market Cap ₹112.1 Cr
Earnings-TTM₹1.9 CrTTM-Standalone Results
Price/Earnings57.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GANGA FORGING

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 GANGA FORGING is calculated as :

Current Market Cap [ ₹112.1 Cr] as on Apr 25,2024

(/) Earnings [ ₹1.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 57.73x ]

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

Thus, for GANGA FORGING , the investors are currently willing to pay 57.73 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 GANGA FORGING !

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 GANGA FORGING over the last five years.

Historical PE (Price/Earnings) ratio chart of GANGA FORGING


PE Ratio Performance Analysis for GANGA FORGING

- GANGA FORGING 's latest p/e ratio is 57.73x.

- GANGA FORGING 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 23.77x.

- GANGA FORGING 's operated at median p/e ratio of 17.99x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GANGA FORGING 's p/e ratio peaked in Mar2022 at 78.89x.

- GANGA FORGING 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does GANGA FORGING 's P/E Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GANGA FORGING 1.9457.73112.1
BHARAT FORGE LTD806.5375.7561,096.9
CIE AUTOMOTIVE INDIA LTD562.3432.9518,530.0
RAMKRISHNA FORGINGS LTD316.5443.4713,758.7
MM FORGINGS LTD127.9220.142,576.7
LGB FORGE LTD-8.31-30.24251.3
HILTON METAL FORGING LTD8.6328.19243.2
KALYANI FORGE LTD4.6135.02161.4
SAMRAT FORGINGS LTD3.4044.41151.1
TIRUPATI FORGE LTD6.8626.99185.2

Forgings Industry Benchmark (Top 10) PE Analysis vs GANGA FORGING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -30.24x
Max industry PE 75.75x
Median industry PE 35.02x
Average industry PE 33.44x



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