GANGA FORGING
|
The Current P/E Ratio of GANGA FORGING is 57.73.
Share Price | ₹8.4 | Apr 25,2024 |
Market Cap | ₹112.1 Cr | |
Earnings-TTM | ₹1.9 Cr | TTM-Standalone Results |
Price/Earnings | 57.73x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GANGA FORGING
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
GANGA FORGING | 1.94 | 57.73 | 112.1 |
BHARAT FORGE LTD | 806.53 | 75.75 | 61,096.9 |
CIE AUTOMOTIVE INDIA LTD | 562.34 | 32.95 | 18,530.0 |
RAMKRISHNA FORGINGS LTD | 316.54 | 43.47 | 13,758.7 |
MM FORGINGS LTD | 127.92 | 20.14 | 2,576.7 |
LGB FORGE LTD | -8.31 | -30.24 | 251.3 |
HILTON METAL FORGING LTD | 8.63 | 28.19 | 243.2 |
KALYANI FORGE LTD | 4.61 | 35.02 | 161.4 |
SAMRAT FORGINGS LTD | 3.40 | 44.41 | 151.1 |
TIRUPATI FORGE LTD | 6.86 | 26.99 | 185.2 |
Forgings Industry Benchmark (Top 10) PE Analysis vs GANGA FORGING 's P/E Ratio
Top 10 Industry Peers | PE 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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